Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 111

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 111
---
31, 2024 and December 31, 2023, with liquidation preference over common stockholders equivalent to $1,000 per share

    6

    6

    Common stock, $0.01 par value, authorized 300,000,000 shares; issued37,380,944 and 37,157,616 shares as of December 31, 2024 and December31, 2023, respectively; and outstanding 35,718,361 and 36,761,441 sharesas of December 31, 2024 and December 31, 2023, respectively

    374

    372

    Additional paid-in capital

    295,657

    294,522

    Accumulated deficit

    (227,844
    )

    (233,026
    )

    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