Segment Reporting

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Note 15 – 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 years ending December 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 or expenses. To date the Company’s business has been conducted principally in North America, but the establishment of offices in Latin America and Europe in the third quarter of 2012 will result in more international operations in future periods. To date these operations have not been sufficiently significant to require reporting as a separate segment. The table below presents information about the Asset Liquidation segment of the Company as of and for the years ended December 31, 2012 and 2011: 

	Year Ended December 31
	2012		2011
	Asset Liquidation
Revenues from external customers	$	14,128	$	17,238
Earnings from equity accounted asset liquidation investments		2,023		2,183
Other income		63		30
Interest expense		289		245
Depreciation and amortization		407		2
Segment income from continuing operations		92		5,593
Investment in equity accounted asset liquidation investees		3,618		3,455
Segment assets		27,752		8,801

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

	Year ended December 31,
	2012			2011
Total other income for reportable segments	$	63		$	30
Unallocated other income		1			—
Total other income	$	64		$	30
Total interest expense for reportable segments	$	289		$	245
Unallocated interest expense from third party debt		1			—
Total interest expense	$	290		$	245
Total segment income	$	92		$	5,593
Other income (expense) and earnings (loss) of other equity accounted investments		(111	)		28
Other corporate expenses (primarily corporate level interest, general and administrative expenses)		(2,772	)		(1,225	)
Income tax recovery		978			26,317
Net income (loss) from continuing operations	$	(1,813	)	$	30,713
Segment assets	$	27,752		$	8,801
Other assets not allocated to segments(1)		33,558			38,346
Total assets	$	61,310		$	47,147

(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.