Company: HGBL
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000950170-25-104951
Chunk: 0

Company: Heritage Global Inc.
Filing Date: 2025-08-07
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) 

     June 30, 2025

     December 31, 2024

     ASSETS
      
     (unaudited)

     Current assets:

     Cash and cash equivalents
      
     $
     19,846

     $
     21,749

     Accounts receivable, net

     2,168

     1,559

     Current portion of notes receivable, net

     3,629

     3,416

     Inventory – equipment

     5,626

     5,348

     Other current assets

     841

     1,056

     Total current assets

     32,110

     33,128

     Non-current portion of notes receivable, net

     5,538

     6,558

     Equity method investments

     21,278

     20,892

     Property and equipment, net

     9,126

     1,643

     Right-of-use assets

     1,868

     2,208

     Intangible assets, net

     3,231

     3,362

     Goodwill

     7,446

     7,446

     Deferred tax assets

     5,453

     6,008

     Other assets

     1,636

     64

     Total assets
      
     $
     87,686

     $
     81,309

     LIABILITIES AND STOCKHOLDERS’ EQUITY

     Current liabilities:

     Accounts payable and accrued liabilities
      
     $
     6,599

     $
     5,979

     Payables to sellers

     8,122

     7,417

     Current portion of third party debt

     134

     395

     Current portion of lease liabilities

     817

     807

     Total current liabilities

     15,672

     14,598

     Non-current portion of third party debt

     4,100

     —

     Non-current portion of lease liabilities

     1,158

     1,510

     Other non-current liabilities

     1,050

     —

     Total liabilities

     21,