Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 17

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 15
Chunk 17
---
,026
    )

    Treasury stock at cost, 1,662,583 shares as of December 31, 2024 and 396,175 shares as of December 31, 2023

    (2,992
    )

    (794
    )

    Total stockholders’ equity

    65,201

    61,080

    Total liabilities and stockholders’ equity
     
    $
    81,309

    $
    83,168

The accompanying notes are an integral part of these consolidated financial statements.

F-3

HERITAGE GLOBAL INC.

CONSOLIDATED STATEMENTS OF INCOME

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

    Year Ended December 31,

    2024

    2023

    Revenues:

    Services revenue
     
    $
    32,607

    $
    39,480

    Asset sales

    12,754

    21,065

    Total revenues

    45,361

    60,545

    Operating costs and expenses:

    Cost of services revenue

    5,805

    8,007

    Cost of asset sales

    8,321

    12,724

    Selling, general and administrative

    24,266

    26,040

    Depreciation and amortization

    591

    514

    Total operating costs and expenses

    38,983

    47,285

    Earnings of equity method investments

    2,688

    1,059

    Operating income

    9,066

    14,319

    Interest expense, net

    (93
    )

    (324
    )

    Income before income tax expense

    8,973

    13,995

    Income tax expense

    3,791

    1,520

    Net income
     
    $
    5,182

    $
    12,475

    Weighted average common shares outstanding – basic

    36,430,211

    36,677,098

    Weighted average common shares outstanding – diluted

    37,131,115

    37,587,308

    Net income per share – basic
     
    $
    0.14

    $
    0.34