Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 113

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 113
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000

    Repayment of debt payable to third parties

    (6,833
    )

    (10,054
    )

    Proceeds from issuance of common stock from stock option awards

    —

    36

    Payments of tax withholdings related to issuance of restricted stock and cashless exercises of stock option awards

    (117
    )

    (122
    )

    Repurchase of common stock

    (2,198
    )

    (400
    )

    Net cash (used in) provided by financing activities

    (9,148
    )

    2,460

    Net change in cash and cash equivalents

    9,470

    (388
    )

    Cash and cash equivalents as of beginning of period

    12,279

    12,667

    Cash and cash equivalents as of end of period
     
    $
    21,749

    $
    12,279

    Supplemental cash flow information:

    Cash paid for taxes
     
    $
    640

    $
    848

    Cash paid for interest
     
    $
    91

    $
    411

    Noncash transfer of notes receivable to equity method investments
     
    $
    2,487

    $
    —

    Noncash change in lease liabilities and right-of-use assets
     
    $
    327

    $
    405

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

F-6

HERITAGE GLOBAL INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 1 – Description of Business and Principles of ConsolidationThese consolidated financial statements include the accounts of Heritage Global Inc. ("HG") together with its subsidiaries, including Heritage Global Partners, Inc. (“HGP”), National Loan Exchange Inc. (“NLEX”), Heritage Global LLC (“HG LLC”), Heritage Global Capital LLC (“HGC”), and Heritage ALT LLC (“ALT”). These entities, collectively, are referred to as the “Company,” “we” or “our” in these consolidated financial statements. These consolidated financial statements were prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”), as outlined in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and include the assets, liabilities, revenues, and expenses of all subsidiaries over which HG exercises control. All significant intercompany accounts and transactions have been eliminated upon consolidation.The