$HGBL
Heritage Global Inc.

2019 Q4 Form 10-Q Financial Statement

#000156459019042036 Filed on November 08, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q4
Revenue $5.570M $6.622M $5.910M
YoY Change -5.75% 29.13% 5.91%
Cost Of Revenue $1.140M $1.360M $1.300M
YoY Change -12.31% 51.11% 47.73%
Gross Profit $4.430M $5.260M $4.610M
YoY Change -3.9% 24.35% -1.91%
Gross Profit Margin 79.53% 79.43% 78.0%
Selling, General & Admin $4.320M $3.928M $3.900M
YoY Change 10.77% 5.2% 1.3%
% of Gross Profit 97.52% 74.68% 84.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $80.00K $80.00K $80.00K
YoY Change 0.0% 0.0% 0.0%
% of Gross Profit 1.81% 1.52% 1.74%
Operating Expenses $4.410M $3.928M $3.980M
YoY Change 10.8% 5.2% 1.27%
Operating Profit $20.00K $1.267M $630.0K
YoY Change -96.83% 204.57% -18.18%
Interest Expense $90.00K $0.00 -$10.00K
YoY Change -1000.0% -100.0% -80.0%
% of Operating Profit 450.0% 0.0% -1.59%
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0%
Pretax Income -$450.0K $1.255M $610.0K
YoY Change -173.77% 240.11% -173.49%
Income Tax -$1.030M $39.00K $210.0K
% Of Pretax Income 3.11% 34.43%
Net Earnings $580.0K $1.216M $410.0K
YoY Change 41.46% 229.54% -205.13%
Net Earnings / Revenue 10.41% 18.36% 6.94%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $19.11K $0.04 $14.20K
COMMON SHARES
Basic Shares Outstanding 29.25M 28.65M
Diluted Shares Outstanding 29.35M

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.730M $3.900M $4.270M
YoY Change -36.07% 20.74% 102.37%
Cash & Equivalents $2.728M $3.901M $4.268M
Short-Term Investments
Other Short-Term Assets $780.0K $1.460M $610.0K
YoY Change 27.87% 111.59% 69.44%
Inventory $104.0K $230.0K $2.405M
Prepaid Expenses
Receivables $1.859M $1.722M $400.0K
Other Receivables $1.290M $0.00 $0.00
Total Short-Term Assets $6.770M $7.316M $7.680M
YoY Change -11.85% 53.7% 154.3%
LONG-TERM ASSETS
Property, Plant & Equipment $221.0K $196.0K $175.0K
YoY Change 26.29% 8.89% 20.69%
Goodwill $5.585M $6.158M $6.158M
YoY Change -9.3%
Intangibles
YoY Change
Long-Term Investments $2.516M $4.338M $2.767M
YoY Change -9.07% 19664.29%
Other Assets $212.0K $224.0K $224.0K
YoY Change -5.36% -10.4% -10.4%
Total Long-Term Assets $15.15M $15.23M $12.95M
YoY Change 16.96% 48.32% 24.17%
TOTAL ASSETS
Total Short-Term Assets $6.770M $7.316M $7.680M
Total Long-Term Assets $15.15M $15.23M $12.95M
Total Assets $21.92M $22.55M $20.63M
YoY Change 6.23% 50.02% 53.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.110M $9.270M $8.100M
YoY Change 0.12% 44.62% 61.35%
Accrued Expenses $580.0K $480.0K
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $430.0K $1.180M
YoY Change -66.1% 16.22% 59.46%
Total Short-Term Liabilities $9.128M $10.26M $10.17M
YoY Change -10.25% 49.58% 17.39%
LONG-TERM LIABILITIES
Long-Term Debt $40.00K $140.0K $440.0K
YoY Change -90.91% -74.07% -44.3%
Other Long-Term Liabilities $940.0K $430.0K $1.838M
YoY Change -48.86%
Total Long-Term Liabilities $980.0K $570.0K $1.838M
YoY Change -46.68% 5.56% 132.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.128M $10.26M $10.17M
Total Long-Term Liabilities $980.0K $570.0K $1.838M
Total Liabilities $10.07M $11.42M $13.03M
YoY Change -22.72% 44.32% 30.81%
SHAREHOLDERS EQUITY
Retained Earnings -$273.5M -$274.1M -$277.4M
YoY Change -1.41% -1.33%
Common Stock $293.0K $293.0K $293.0K
YoY Change 0.0% 2.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.85M $11.13M $7.600M
YoY Change
Total Liabilities & Shareholders Equity $21.92M $22.55M $20.63M
YoY Change 6.23% 50.02% 53.39%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q4
OPERATING ACTIVITIES
Net Income $580.0K $1.216M $410.0K
YoY Change 41.46% 229.54% -205.13%
Depreciation, Depletion And Amortization $80.00K $80.00K $80.00K
YoY Change 0.0% 0.0% 0.0%
Cash From Operating Activities -$260.0K $360.0K $3.100M
YoY Change -108.39% 9.09% -569.7%
INVESTING ACTIVITIES
Capital Expenditures -$50.00K -$30.00K -$10.00K
YoY Change 400.0% 200.0% -50.0%
Acquisitions
YoY Change
Other Investing Activities -$740.0K -$120.0K -$2.750M
YoY Change -73.09%
Cash From Investing Activities -$790.0K -$150.0K -$2.760M
YoY Change -71.38% 1400.0% 13700.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -130.0K -60.00K 710.0K
YoY Change -118.31% -96.76% -517.65%
NET CHANGE
Cash From Operating Activities -260.0K 360.0K 3.100M
Cash From Investing Activities -790.0K -150.0K -2.760M
Cash From Financing Activities -130.0K -60.00K 710.0K
Net Change In Cash -1.180M 150.0K 1.050M
YoY Change -212.38% -109.8% -223.53%
FREE CASH FLOW
Cash From Operating Activities -$260.0K $360.0K $3.100M
Capital Expenditures -$50.00K -$30.00K -$10.00K
Free Cash Flow -$210.0K $390.0K $3.110M
YoY Change -106.75% 14.71% -585.94%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11551000
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
74000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
226000
CY2019Q3 us-gaap Costs And Expenses
CostsAndExpenses
5363000
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6622000
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3928000
CY2018Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3734000
CY2018Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
79000
us-gaap Costs And Expenses
CostsAndExpenses
18378000
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
569
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
569
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
29253278
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
29253278
dei Security12b Title
Security12bTitle
Common stock, $0.01 par value
CY2019Q3 us-gaap Inventory Net
InventoryNet
230000
CY2018Q4 us-gaap Inventory Net
InventoryNet
2405000
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1463000
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
607000
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
400000
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2019
dei Trading Symbol
TradingSymbol
HGBL
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Registrant Name
EntityRegistrantName
Heritage Global Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0000849145
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
20597000
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Entity Address Address Line1
EntityAddressAddressLine1
12625 High Bluff Drive
dei Document Transition Report
DocumentTransitionReport
false
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Address Address Line2
EntityAddressAddressLine2
Suite 305
dei Entity Address City Or Town
EntityAddressCityOrTown
San Diego
dei Entity Address State Or Province
EntityAddressStateOrProvince
CA
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
92130
dei City Area Code
CityAreaCode
858
dei Local Phone Number
LocalPhoneNumber
847-0656
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
3901000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4268000
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
1722000
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
FL
CY2018Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
5128000
dei Entity File Number
EntityFileNumber
0-17973
CY2019Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
29253278
dei Entity Shell Company
EntityShellCompany
false
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
59-2291344
CY2018Q4 us-gaap Liabilities
Liabilities
13031000
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
293000
CY2019Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000
CY2019Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
569
CY2019Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
569
CY2019Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
284751000
CY2019Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2019Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
29253278
CY2019Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
29253278
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-277373000
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
11132000
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
22548000
CY2019Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10.00
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
6000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
29352812
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
17758000
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
157000
CY2018Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.01
us-gaap Net Income Loss
NetIncomeLoss
3343000
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28653278
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28653278
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28557517
CY2018Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28823918
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
369000
hgbl Interest And Other Expense Net
InterestAndOtherExpenseNet
201000
CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1255000
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
39000
CY2018Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
416000
us-gaap Operating Income Loss
OperatingIncomeLoss
3496000
us-gaap Operating Income Loss
OperatingIncomeLoss
3451000
CY2019Q3 hgbl Interest And Other Expense Net
InterestAndOtherExpenseNet
12000
CY2018Q3 hgbl Interest And Other Expense Net
InterestAndOtherExpenseNet
47000
hgbl Interest And Other Expense Net
InterestAndOtherExpenseNet
57000
CY2018Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
369000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3439000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
64000
us-gaap Net Income Loss
NetIncomeLoss
3322000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28911488
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
28902499
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.11
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2019Q3 us-gaap Assets Current
AssetsCurrent
7316000
CY2018Q4 us-gaap Assets Current
AssetsCurrent
7680000
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
196000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
175000
CY2019Q3 us-gaap Equity Method Investments
EquityMethodInvestments
4338000
CY2018Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2767000
CY2019Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
865000
CY2019Q3 hgbl Intangible Assets Net Excluding Goodwill One
IntangibleAssetsNetExcludingGoodwillOne
3451000
CY2018Q4 hgbl Intangible Assets Net Excluding Goodwill One
IntangibleAssetsNetExcludingGoodwillOne
3627000
CY2019Q3 us-gaap Goodwill
Goodwill
6158000
CY2018Q4 us-gaap Goodwill
Goodwill
6158000
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
224000
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
224000
CY2019Q3 us-gaap Assets
Assets
22548000
CY2018Q4 us-gaap Assets
Assets
20631000
CY2019Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
9273000
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
8101000
CY2019Q3 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
432000
CY2018Q4 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
1178000
CY2019Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
477000
CY2019Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
79000
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
892000
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
10261000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
10171000
CY2019Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
138000
CY2018Q4 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
438000
CY2019Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
433000
CY2018Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
1838000
CY2019Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
584000
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
584000
CY2019Q3 us-gaap Liabilities
Liabilities
11416000
CY2019Q3 us-gaap Preferred Stock Value
PreferredStockValue
6000
CY2019Q3 us-gaap Common Stock Value
CommonStockValue
293000
CY2019Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
284961000
CY2019Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-274051000
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-77000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-77000
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
10.00
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
8000
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1267000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
117000
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
1216000
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28653278
CY2018Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-6000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-2000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3322000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3341000
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
71000
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
612000
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
76000
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
1494000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
9853000
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
63000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
7600000
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
20631000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11315000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
239000
CY2018Q3 us-gaap Costs And Expenses
CostsAndExpenses
4712000
us-gaap Costs And Expenses
CostsAndExpenses
14307000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1277000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3407000
CY2019Q1 us-gaap Stockholders Equity
StockholdersEquity
8283000
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
73000
CY2018Q3 us-gaap Stockholders Equity
StockholdersEquity
7122000
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
258210
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
344982
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000
us-gaap Profit Loss
ProfitLoss
3322000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
3488000
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
61000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
1289000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
4838000
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
85000
CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
74000
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
1685000
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4000
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
6686000
us-gaap Profit Loss
ProfitLoss
3343000
us-gaap Liabilities Fair Value Adjustment
LiabilitiesFairValueAdjustment
0
us-gaap Share Based Compensation
ShareBasedCompensation
210000
us-gaap Share Based Compensation
ShareBasedCompensation
219000
hgbl Noncash Lease Expense
NoncashLeaseExpense
356000
hgbl Noncash Lease Expense
NoncashLeaseExpense
0
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1322000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
336000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2175000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-56000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
856000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
337000
hgbl Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-374000
hgbl Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
0
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1413000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1345000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1047000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4372000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
73000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
85000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
566000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
0
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
271000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-368000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-85000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
500000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1546000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
235000
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
0
us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
2617000
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
390000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
74000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1046000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-3168000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-367000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
1119000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4268000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2109000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3901000
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
3228000
us-gaap Income Taxes Paid
IncomeTaxesPaid
248000
us-gaap Income Taxes Paid
IncomeTaxesPaid
86000
hgbl Non Cash Change In Lease Liabilities
NonCashChangeInLeaseLiabilities
1284000
hgbl Non Cash Change In Lease Liabilities
NonCashChangeInLeaseLiabilities
0
us-gaap Interest Paid Net
InterestPaidNet
47000
us-gaap Interest Paid Net
InterestPaidNet
92000
hgbl Non Cash Change In Right Of Use Assets
NonCashChangeInRightOfUseAssets
1220000
hgbl Non Cash Change In Right Of Use Assets
NonCashChangeInRightOfUseAssets
0
hgbl Non Cash Change In Deferred Rent
NonCashChangeInDeferredRent
-64000
hgbl Non Cash Change In Deferred Rent
NonCashChangeInDeferredRent
0
us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-top:6pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of the Company&#8217;s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Management bases its estimates and judgments on historical experience and various other factors that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Significant estimates include the assessment of collectability of revenue recognized, and the valuation of accounts receivable, inventory, other assets, right-of-use assets, goodwill and intangible assets, liabilities, deferred income tax assets and liabilities, and stock-based compensation. These estimates have the potential to significantly impact the Company&#8217;s consolidated financial statements, either because of the significance of the financial statement item to which they relate, or because they require judgment and estimation due to the uncertainty involved in measuring, at a specific point in time, events that are continuous in nature.</p>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">Reclassifications </p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Certain prior year balances within the condensed consolidated financial statements have been reclassified to conform to the current year presentation.</p>
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
1233900
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
4303900
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
405350
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
765000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
468900
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3475350
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1983375
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.75
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.67
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
2.00
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.63
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.49
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.49
CY2019Q2 us-gaap Sale Leaseback Transaction Date
SaleLeasebackTransactionDate
The purchase option for both the real estate and machinery and equipment can be exercised at any time on or after December 1, 2019 and before May 31, 2021.
CY2019Q2 us-gaap Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
20000000
us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
The Company's Class N preferred shares, each of which is convertible to 40 common shares, have the right to receive dividends or dividend equivalents should the Company declare dividends on its common stock.
CY2019Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
40
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
699534
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
170640
CY2019Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
20000
CY2018Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1000000
hgbl Number Of Locations
NumberOfLocations
3
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
910000
CY2019Q1 hgbl Lessee Operating Lease Incremental Borrowing Rate
LesseeOperatingLeaseIncrementalBorrowingRate
0.0525
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
us-gaap Operating Lease Expense
OperatingLeaseExpense
200000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
141000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
449000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
223000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
110000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
46000
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
969000
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
59000
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1190000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
176000
CY2019Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1014000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
59000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
236000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
236000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
128000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
126000
CY2019Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
229000
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
us-gaap Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2019Q3 us-gaap Loans Payable
LoansPayable
570000
CY2018Q4 us-gaap Loans Payable
LoansPayable
1616000
CY2019Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
71800000
CY2019Q3 us-gaap Tax Credit Carryforward Amount
TaxCreditCarryforwardAmount
100000
hgbl Operating Loss Carryforwards Expiration
OperatingLossCarryforwardsExpiration
Substantially all of the net operating loss carry forwards and unused minimum tax credit carry forwards expire between 2024 and 2037.
us-gaap Operating Loss Carryforwards Limitations On Use
OperatingLossCarryforwardsLimitationsOnUse
The Company’s utilization of restricted net operating tax loss carry forwards against future income for tax purposes is restricted pursuant to the “change in ownership” rules in Section 382 of the Internal Revenue Code.

Files In Submission

Name View Source Status
0001564590-19-042036-index-headers.html Edgar Link pending
0001564590-19-042036-index.html Edgar Link pending
0001564590-19-042036.txt Edgar Link pending
0001564590-19-042036-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
gew1rgfpt5nn000001.jpg Edgar Link pending
hgbl-10q_20190930.htm Edgar Link pending
hgbl-20190930.xml Edgar Link completed
hgbl-20190930.xsd Edgar Link pending
hgbl-20190930_cal.xml Edgar Link unprocessable
hgbl-20190930_def.xml Edgar Link unprocessable
hgbl-20190930_lab.xml Edgar Link unprocessable
hgbl-20190930_pre.xml Edgar Link unprocessable
hgbl-ex101_165.htm Edgar Link pending
hgbl-ex311_8.htm Edgar Link pending
hgbl-ex312_7.htm Edgar Link pending
hgbl-ex321_9.htm Edgar Link pending
hgbl-ex322_6.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending