Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments And Contingencies Disclosure [Abstract]

Note 11 – Commitments and Contingencies

At December 31, 2016, HGI’s lease commitments related to its offices in California, Illinois, Maryland, and Arizona, an automobile lease, and a copier lease. The California office leases expire in January 2020 and April 2021; the Illinois office lease expires in June 2018, and the Arizona office lease expires in August 2019. The automobile lease expires in June 2017, and the copier lease expires in October 2018. The annual lease obligations are as shown below (in thousands):

2017		$	543
2018			489
2019			456
2020			340
	2021		113
Total		$	1,941

At December 31, 2016, HGI’s future debt obligations are related to the Street Capital Loan. Amounts owed under the loan are $0.7 million in 2017, and $0.3 million plus accrued interest in 2018.

In the normal course of its business, HGI may be subject to contingent liabilities with respect to assets sold either directly or through Joint Ventures. At December 31, 2016 HGI does not expect any potential contingent liabilities, individually or in the aggregate, to have a material adverse effect on its assets or results of operations.