Asset Liquidation Investments and Investments

9 Months Ended

Sep. 30, 2014

Asset Liquidation Investments and Investments [Text Block]

Note 7 – Asset Liquidation Investments and Other Investments

     Summarized financial information – Equity accounted asset liquidation investments

     The table below details the summarized results of operations attributable to HGI from the Joint Ventures in which it was invested:

		Nine months ended
		September 30,
		2014			2013
Gross revenues	$	46		$	5,056
Gross profit (loss)	$	(53	)	$	907
Income (loss) from continuing operations	$	(53	)	$	1,265
Net income (loss)	$	(53	)	$	1,265

     Other investments

     The Company’s other investments as of September 30, 2014 and December 31, 2013 consisted of the following:

		September 30 ,		December 31,
		2014		2013
Knight’s Bridge Capital Partners Internet Fund No. 1 GP LLC	$	107	$	19
Polaroid Corporation (“Polaroid”)		1,393		1,750
Total investments	$	1,500	$	1,769

     The Company accounts for its investments under the equity method.

     The components of the Company’s investment in Polaroid at September 30, 2014 and December 31, 2013 are detailed below:

As at September 30, 2014

		Capital		Equity in		Capital			Net
Unit type		invested		earnings		returned			investment
Class A	$	2,492	$	269	$	(1,660	)	$	1,101
Class D		628		64		(400	)		292
Total	$	3,120	$	333	$	(2,060	)	$	1,393

As at December 31, 2013

		Capital		Equity in		Capital			Net
Unit type		invested		earnings		returned			investment
Class A	$	2,492	$	209	$	(1,300	)	$	1,401
Class D		617		50		(318	)		349
Total	$	3,109	$	259	$	(1,618	)	$	1,750