Segment Reporting

3 Months Ended

Mar. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 12 – Segment Reporting

From 2005 until the second quarter of 2009, the Company operated in a single business segment, Patent Licensing. With the commencement of Counsel RB’s operations in the second quarter of 2009, the Company diversified into a second segment, Asset Liquidation. For the three months ending March 31, 2012 and 2011, only the Asset Liquidation segment had revenues and assets sufficiently significant to require separate reporting.

There are no material inter-segment revenues. The Company’s business is conducted principally in the U.S. and Canada. The table below presents information about the Asset Liquidation segment of the Company as of and for the three months ended March 31, 2012 and 2011:

	For the Three Months Ended March 31, 2012
	Asset Liquidation
Revenues from external customers	$	3,034
Earnings from equity accounted asset liquidation investments		1,069
Other income		10
Interest expense		56
Depreciation and amortization		3
Segment income		1,225
Investment in equity accounted asset liquidation investees		1,032
Segment assets		19,401

	For the Three Months Ended March 31, 2011
	Asset Liquidation
Revenues from external customers	$	734
Earnings from equity accounted asset liquidation investments		1,560
Other income		—
Interest expense		84
Depreciation and amortization		—
Segment loss		(362	)
Investment in equity accounted asset liquidation investees		2,567
Segment assets		10,673

The following table reconciles reportable segment information to the unaudited condensed consolidated financial statements of the Company:

	Three months ended March 31, 2012			Three months ended March 31, 2011
Total other income and earnings from equity accounted investments for reportable segments	$	1,079		$	1,560
Unallocated other income (loss) and earnings (loss) from equity investments from corporate accounts		(47	)		15
	$	1,032		$	1,575
Total interest expense for reportable segments	$	56		$	84
Unallocated interest expense from related party debt		3			—
	$	59		$	84
Total depreciation and amortization for reportable segments	$	3		$	—
Other unallocated depreciation from corporate assets		—			—
	$	3		$	—
Total segment income (loss)	$	1,225		$	(362	)
Other income (loss)		(47	)		15
Other corporate expenses (primarily corporate level interest, general and administrative expenses)		(475	)		(62	)
Income tax expense (recovery)		313			(598	)
Net income from continuing operations	$	390		$	189
Segment assets	$	19,401		$	10,673
Other assets not allocated to segments(1)		35,378			7,443
	$	54,779		$	18,116

(1) Other assets not allocated to segments are corporate assets such as cash, non-trade accounts receivable, prepaid insurance, investments and deferred income tax assets.