Goodwill

9 Months Ended

Sep. 30, 2014

Goodwill [Text Block]

Note 6 – Goodwill

     The Company’s goodwill is related to its asset liquidation business, and is comprised of goodwill from three acquisitions, as shown below. No goodwill impairment has resulted from impairment testing done subsequent to the acquisitions. The most recent impairment testing was completed at December 31, 2013 and therefore included the goodwill associated with both Equity Partners and HGP. There have been no circumstances during the four months following the acquisition of NLEX that would require impairment testing of the associated goodwill. The purchase price allocation relating to the acquisition of NLEX is still being finalized, and therefore the amount assigned to goodwill is subject to change.

Entity acquired	Acquisition date		Goodwill
Equity Partners	June 2011	$	573
HGP	February 2012		4,728
NLEX	June 2014		6,185
Total goodwill		$	11,486