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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Asset sale proceeds $ 11,626 $ 342 $ 12,224 $ 2,500
Commissions and other 109 146 245 221
Total asset liquidation revenue 11,735 488 12,469 2,721
Operating costs and expenses:        
Asset liquidation 5,697 298 6,136 1,836
Inventory maintenance 383 (17) 1,553 (16)
Patent licensing and maintenance 13 0 70 7
Selling, general and administrative 1,140 501 1,961 1,016
Expenses paid to related parties 138 109 285 220
Total operating costs and expenses 7,371 891 10,005 3,063
Operating Income (Loss) before Earnings of Equity Accounted Asset Liquidation Investments 4,364 (403) 2,464 (342)
Earnings of equity accounted asset liquidation investments 157 2,601 1,717 3,038
Operating income 4,521 2,198 4,181 2,696
Other income (expenses):        
Other income (expenses) 16 (125) 16 (125)
Interest expense - third party (52) (97) (136) (198)
Interest expense - related party 0 (35) 0 (64)
Total other income (expenses) (36) (257) (120) (387)
Income (loss) from continuing operations before the undernoted 4,485 1,941 4,061 2,309
Income tax expense 978 314 380 381
Earnings of other equity accounted investments (net of $0 tax) 33 73 48 151
Net income and comprehensive income 3,540 1,700 3,729 2,079
Net income and comprehensive income attributable to non-controlling interest 0 (551) 0 (707)
Net income and comprehensive income attributable to controlling interest $ 3,540 $ 1,149 $ 3,729 $ 1,372
Weighted average common shares outstanding (in thousands) (in shares) 26,997 22,718 26,562 22,718
Weighted average preferred shares outstanding (in thousands) (in shares) 1 1 1 1
Earnings (loss) per share - basic and diluted:        
Common shares (in dollars per share) $ 0.13 $ 0.05 $ 0.14 $ 0.06
Preferred shares (in dollars per share) $ 5.24 $ 2.02 $ 5.61 $ 2.41