Company: HGBL
Filing Date: 2025-03-13
Form Type: 10-K
Source: 0000950170-25-038691
Chunk: 110

Company: Heritage Global Inc.
Filing Date: 2025-03-13
Form: 10-K
Item: Item 1B
Chunk 110
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2023

    ASSETS

    Current assets:

    Cash and cash equivalents
     
    $
    21,749

    $
    12,279

    Accounts receivable, net

    1,559

    1,910

    Current portion of notes receivable, net

    3,416

    6,581

    Inventory – equipment

    5,348

    5,074

    Other current assets

    1,056

    448

    Total current assets

    33,128

    26,292

    Non-current portion of notes receivable, net

    6,558

    10,890

    Equity method investments, net

    20,892

    21,361

    Right-of-use assets

    2,208

    2,539

    Property and equipment, net

    1,643

    1,705

    Intangible assets, net

    3,362

    3,753

    Goodwill

    7,446

    7,446

    Deferred tax assets

    6,008

    9,115

    Other assets

    64

    67

    Total assets
     
    $
    81,309

    $
    83,168

    LIABILITIES AND STOCKHOLDERS’ EQUITY

    Current liabilities:

    Accounts payable and accrued liabilities
     
    $
    5,979

    $
    7,237

    Payables to sellers

    7,417

    4,975

    Current portion of third party debt

    395

    1,733

    Current portion of lease liabilities

    807

    789

    Total current liabilities

    14,598

    14,734

    Non-current portion of third party debt

    —

    5,495

    Non-current portion of lease liabilities

    1,510

    1,859

    Total liabilities

    16,108

    22,088

    Commitments and contingencies (Note 12 and Note 15)

    Stockholders’ equity:

    Preferred stock, $10.00 par value, authorized 10,000,000 shares; issued and outstanding 563 shares of Series N as of both December