Company: HGBL
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000950170-25-066888
Chunk: 0

Company: Heritage Global Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 1
Chunk 0
---
HERITAGE GLOBAL INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

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

     March 31, 2025

     December 31, 2024

     ASSETS
      
     (unaudited)

     Current assets:

     Cash and cash equivalents
      
     $
     18,788

     $
     21,749

     Accounts receivable, net

     1,662

     1,559

     Current portion of notes receivable, net

     3,420

     3,416

     Inventory – equipment

     5,081

     5,348

     Other current assets

     542

     1,056

     Total current assets

     29,493

     33,128

     Non-current portion of notes receivable, net

     6,307

     6,558

     Equity method investments

     21,691

     20,892

     Property and equipment, net

     9,048

     1,643

     Right-of-use assets

     2,041

     2,208

     Intangible assets, net

     3,296

     3,362

     Goodwill

     7,446

     7,446

     Deferred tax assets

     5,723

     6,008

     Other assets

     1,638

     64

     Total assets
      
     $
     86,683

     $
     81,309

     LIABILITIES AND STOCKHOLDERS’ EQUITY

     Current liabilities:

     Accounts payable and accrued liabilities
      
     $
     5,124

     $
     5,979

     Payables to sellers

     8,568

     7,417

     Current portion of third party debt

     265

     395

     Current portion of lease liabilities

     813

     807

     Total current liabilities

     14,770

     14,598

     Non-current portion of third party debt

     4,100

     —

     Non-current portion of lease liabilities

     1,337

     1,510

     Other non-current liabilities

     1,050

     —

     Total liabilities

     21,