Acquisition of Heritage Global Partners, Inc. (Tables)

9 Months Ended

Sep. 30, 2012

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The following table summarizes the consideration paid for Heritage Global Partners and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date:

At February 29, 2012
	$
Consideration paid
Cash		3,000
Promissory notes, net of receivable from owners 1		849
Equity instruments:
1,000,000 CRBCI common shares 2		2,100
625,000 options to purchase CRBCI common shares at $2.00 per share 3		1,131
Fair value of total consideration		7,080
Acquisition related costs (included in selling, general, and administrative expenses in CRBCI’s condensed consolidated interim statement of operations for the nine months ended September 30, 2012)		73
Recognized amounts of identifiable assets acquired and liabilities assumed
Cash		656
Accounts receivable (net of $0 allowance for doubtful accounts)		870
Deposits		20
Prepaid expenses		43
Property, plant and equipment		37
Identifiable intangible assets		5,640
Accounts payable and accrued liabilities		(1,212	)
Client liability account		(1,424	)
Short-term note payable		(100	)
Future income taxes payable		(2,178	)
Total identifiable net assets assumed		2,352
Goodwill		4,728
		7,080

¹ The notes (the “Promissory Notes”) were paid in full on their August 31, 2012 maturity date.

² Determined using the closing price of the Company’s common shares on February 29, 2012

³ Determined using the Black-Scholes Option Pricing Model. Inputs to the model included an expected volatility rate of 133%, a risk-free interest rate of 1.25%, an expected life of 4.75 years, and an expected dividend yield of $nil.