Company: HGBL
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001193125-25-269427
Chunk: 0

Company: Heritage Global Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 0
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HERITAGE GLOBAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands of US dollars, except share and per share amounts) 

     September 30, 2025

     December 31, 2024

     ASSETS
      
     (unaudited)

     Current assets:

     Cash and cash equivalents
      
     $
     19,434

     $
     21,749

     Accounts receivable, net

     1,839

     1,559

     Current portion of notes receivable, net

     4,158

     3,416

     Inventory – equipment

     5,611

     5,348

     Other current assets

     762

     1,056

     Total current assets

     31,804

     33,128

     Non-current portion of notes receivable, net

     5,162

     6,558

     Equity method investments

     21,333

     20,892

     Property and equipment, net

     9,486

     1,643

     Right-of-use assets

     1,694

     2,208

     Intangible assets, net

     3,164

     3,362

     Goodwill

     7,446

     7,446

     Deferred tax assets

     4,829

     6,008

     Other assets

     1,591

     64

     Total assets
      
     $
     86,509

     $
     81,309

     LIABILITIES AND STOCKHOLDERS’ EQUITY

     Current liabilities:

     Accounts payable and accrued liabilities
      
     $
     6,248

     $
     5,979

     Payables to sellers

     6,817

     7,417

     Current portion of third party debt

     —

     395

     Current portion of lease liabilities

     823

     807

     Total current liabilities

     13,888

     14,598

     Non-current portion of third party debt

     4,100

     —

     Non-current portion of lease liabilities

     976

     1,510

     Other non-current liabilities

     1,050

     —

     Total liabilities

     20,014