XML 43 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Asset liquidation    
Commissions and other $ 2,812us-gaap_SalesRevenueServicesNet $ 1,010us-gaap_SalesRevenueServicesNet
Asset sales 833us-gaap_SalesRevenueGoodsNet 975us-gaap_SalesRevenueGoodsNet
Total revenue 3,645us-gaap_Revenues 1,985us-gaap_Revenues
Operating costs and expenses:    
Asset liquidation 1,030us-gaap_CostOfGoodsAndServicesSold 465us-gaap_CostOfGoodsAndServicesSold
Patent licensing and maintenance 38us-gaap_LicenseCosts 11us-gaap_LicenseCosts
Selling, general and administrative, including expenses paid to related parties 2,885us-gaap_SellingGeneralAndAdministrativeExpense 2,138us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation and amortization 159us-gaap_DepreciationAndAmortization 118us-gaap_DepreciationAndAmortization
Total operating costs and expenses 4,112us-gaap_CostsAndExpenses 2,732us-gaap_CostsAndExpenses
Operating income(loss) before earnings of equity accounted asset liquidation (467)hgbl_OperatingIncomeLossBeforeEarningsOfEquityAccountedAssetLiquidationInvestments (747)hgbl_OperatingIncomeLossBeforeEarningsOfEquityAccountedAssetLiquidationInvestments
Earnings (loss) of asset liquidation investments 34hgbl_EarningsOfEquityAccountedAssetLiquidationInvestments (30)hgbl_EarningsOfEquityAccountedAssetLiquidationInvestments
Operating loss (433)us-gaap_OperatingIncomeLoss (777)us-gaap_OperatingIncomeLoss
Other income (expenses):    
Earnings of other equity method investments 5hgbl_IncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments 11hgbl_IncomeLossFromEquityMethodInvestmentsExcludingAssetLiquidationInvestments
Interest expense - third party (134)us-gaap_InterestExpenseDebt (71)us-gaap_InterestExpenseDebt
Interest expense - related party (22)us-gaap_InterestExpenseRelatedParty (67)us-gaap_InterestExpenseRelatedParty
Total other expenses (151)us-gaap_NonoperatingIncomeExpense (127)us-gaap_NonoperatingIncomeExpense
Loss before income tax expense (584)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (904)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 3us-gaap_IncomeTaxExpenseBenefit 24,667us-gaap_IncomeTaxExpenseBenefit
Net loss (587)us-gaap_NetIncomeLoss (25,571)us-gaap_NetIncomeLoss
Other comprehensive loss:    
Currency translation adjustment (net of tax of $0) (30)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax (6)us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
Comprehensive loss $ (617)us-gaap_ComprehensiveIncomeNetOfTax $ (25,577)us-gaap_ComprehensiveIncomeNetOfTax
Weighted average common shares outstanding - basic and diluted (in thousands) 28,167us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 28,167us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted
Net loss per share - basic and diluted $ (0.02)us-gaap_EarningsPerShareBasicAndDiluted $ (0.91)us-gaap_EarningsPerShareBasicAndDiluted