Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 107

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 107
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ner
     
    Director
     
    March 13, 2025

    Michael Hexner

    /s/ William Burnham
     
    Director
     
    March 13, 2025

    William Burnham

    /s/ Barbara Sinsley
     
    Director
     
    March 13, 2025

    Barbara Sinsley

    /s/ Kelly Sharpe
     
    Director
     
    March 13, 2025

    Kelly Sharpe

    /s/ Samuel L. Shimer
     
    Chairman of the Board of Directors
     
    March 13, 2025

    Samuel L. Shimer

31

INDEX OF FINANCIAL STATEMENTS

Title of Document

    Page

    Report of UHY LLP, Independent Registered Public Accounting Firm 
    F-1

    Consolidated Balance Sheets as of December 31, 2024 and 2023
    F-3

    Consolidated Statements of Income for the years ended December 31, 2024 and 2023
    F-4

    Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2024 and 2023
    F-5

    Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023
    F-6

    Notes to Consolidated Financial Statements
    F-7

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and 

Stockholders of Heritage Global Inc 

Opinion on the Financial StatementsWe have audited the accompanying consolidated balance sheets of Heritage Global Inc. and subsidiaries (the Company) as of December 31, 2024 and 2023, and the related consolidated statements of income, stockholders’ equity, and cash flows for each of the years then ended, and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on