$HGBL
Heritage Global Inc.

2021 Q4 Form 10-Q Financial Statement

#000156459021056163 Filed on November 10, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $7.524M $5.991M $7.570M
YoY Change -8.91% -20.86% 14.32%
Cost Of Revenue $2.323M $1.775M $2.600M
YoY Change -47.32% -31.73% 91.18%
Gross Profit $5.201M $4.216M $4.970M
YoY Change 35.09% -15.17% -5.51%
Gross Profit Margin 69.13% 70.37% 65.65%
Selling, General & Admin $3.677M $3.494M $3.380M
YoY Change -6.44% 3.37% -13.95%
% of Gross Profit 70.7% 82.87% 68.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $166.0K $105.0K $90.00K
YoY Change 84.44% 16.67% 12.5%
% of Gross Profit 3.19% 2.49% 1.81%
Operating Expenses $3.843M $3.599M $3.460M
YoY Change -4.4% 4.02% -11.91%
Operating Profit $1.358M $533.0K $1.612M
YoY Change -898.82% -66.94% 27.23%
Interest Expense -$24.00K -$90.00K $110.0K
YoY Change -100.69% -181.82%
% of Operating Profit -1.77% -16.89% 6.82%
Other Income/Expense, Net
YoY Change
Pretax Income $1.334M $527.0K $1.610M
YoY Change -59.82% -67.27% 28.29%
Income Tax $374.0K $53.00K $345.0K
% Of Pretax Income 28.04% 10.06% 21.43%
Net Earnings $960.0K $474.0K $1.264M
YoY Change -84.81% -62.5% 3.95%
Net Earnings / Revenue 12.76% 7.91% 16.7%
Basic Earnings Per Share $0.01 $0.04
Diluted Earnings Per Share $25.33K $12.78K $0.04
COMMON SHARES
Basic Shares Outstanding 36.57M 35.81M 28.75M
Diluted Shares Outstanding 37.09M 31.89M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.62M $13.23M $5.800M
YoY Change -41.76% 128.17% 48.72%
Cash & Equivalents $13.62M $13.23M $5.795M
Short-Term Investments
Other Short-Term Assets $1.456M $675.0K $1.710M
YoY Change 191.2% -60.53% 17.12%
Inventory $3.220M $1.383M $810.0K
Prepaid Expenses
Receivables $2.732M $3.388M $1.960M
Other Receivables $2.254M $1.142M $680.0K
Total Short-Term Assets $23.28M $19.82M $10.95M
YoY Change -13.61% 81.02% 49.67%
LONG-TERM ASSETS
Property, Plant & Equipment $1.471M $1.477M $1.250M
YoY Change 1031.54% 18.16% 537.76%
Goodwill $7.446M $7.262M
YoY Change 33.32%
Intangibles $4.565M
YoY Change 46.17%
Long-Term Investments $4.683M $3.327M $3.690M
YoY Change 94.96% -9.84% -14.94%
Other Assets $49.00K $161.0K $1.690M
YoY Change -80.4% -90.47% 654.46%
Total Long-Term Assets $27.18M $25.53M $15.82M
YoY Change 54.41% 61.38% 3.86%
TOTAL ASSETS
Total Short-Term Assets $23.28M $19.82M $10.95M
Total Long-Term Assets $27.18M $25.53M $15.82M
Total Assets $50.46M $45.35M $26.77M
YoY Change 13.26% 69.41% 18.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.24M $8.902M $9.460M
YoY Change -17.38% -5.9% 2.05%
Accrued Expenses $501.0K $498.0K $460.0K
YoY Change 31.84% 8.26% -4.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.479M $531.0K $140.0K
YoY Change 279.29% -67.44%
Total Short-Term Liabilities $14.22M $9.931M $10.06M
YoY Change 1.68% -1.28% -1.96%
LONG-TERM LIABILITIES
Long-Term Debt $1.352M $1.469M $0.00
YoY Change -100.0%
Other Long-Term Liabilities $2.249M $2.368M $68.00K
YoY Change 262.74% 3382.35% -84.19%
Total Long-Term Liabilities $3.601M $3.837M $68.00K
YoY Change 480.81% 5542.65% -88.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.22M $9.931M $10.06M
Total Long-Term Liabilities $3.601M $3.837M $68.00K
Total Liabilities $17.83M $13.77M $10.81M
YoY Change 21.99% 27.36% -5.31%
SHAREHOLDERS EQUITY
Retained Earnings -$260.8M -$261.7M
YoY Change -1.16%
Common Stock $366.0K $366.0K
YoY Change 3.68%
Preferred Stock
YoY Change
Treasury Stock (at cost) $0.00
YoY Change
Treasury Stock Shares $0.00
Shareholders Equity $32.64M $31.58M $15.96M
YoY Change
Total Liabilities & Shareholders Equity $50.46M $45.35M $26.77M
YoY Change 13.26% 69.41% 18.72%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $960.0K $474.0K $1.264M
YoY Change -84.81% -62.5% 3.95%
Depreciation, Depletion And Amortization $166.0K $105.0K $90.00K
YoY Change 84.44% 16.67% 12.5%
Cash From Operating Activities $1.495M $164.0K $3.640M
YoY Change -76.42% -95.49% 911.11%
INVESTING ACTIVITIES
Capital Expenditures -$2.000K -$1.390M $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities -$2.937M -$5.088M $120.0K
YoY Change -175.5% -4340.0% -200.0%
Cash From Investing Activities -$2.939M -$6.478M $120.0K
YoY Change -175.55% -5498.33% -180.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.832M 2.023M -190.0K
YoY Change -75.11% -1164.74% 216.67%
NET CHANGE
Cash From Operating Activities 1.495M 164.0K 3.640M
Cash From Investing Activities -2.939M -6.478M 120.0K
Cash From Financing Activities 1.832M 2.023M -190.0K
Net Change In Cash 388.0K -4.291M 3.570M
YoY Change -97.79% -220.2% 2280.0%
FREE CASH FLOW
Cash From Operating Activities $1.495M $164.0K $3.640M
Capital Expenditures -$2.000K -$1.390M $0.00
Free Cash Flow $1.497M $1.554M $3.640M
YoY Change -76.39% -57.31% 833.33%

Facts In Submission

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ProceedsFromIssuanceOfCommonStockFromStockOptionAwards
46000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
988000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
105000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1233000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-359000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-10151000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3067000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
23385000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2728000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13234000
us-gaap Income Taxes Paid
IncomeTaxesPaid
118000
us-gaap Income Taxes Paid
IncomeTaxesPaid
139000
hgbl Non Cash Change In Lease Liabilities
NonCashChangeInLeaseLiabilities
0
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5795000
us-gaap Interest Paid Net
InterestPaidNet
6000
us-gaap Interest Paid Net
InterestPaidNet
41000
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
0
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
570000
hgbl Non Cash Change In Right Of Use Assets
NonCashChangeInRightOfUseAssets
2263000
hgbl Non Cash Change In Right Of Use Assets
NonCashChangeInRightOfUseAssets
0
hgbl Non Cash Change In Lease Liabilities
NonCashChangeInLeaseLiabilities
2263000
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’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 including future years’ taxable income, and stock-based compensation. These estimates have the potential to significantly impact the Company’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>
hgbl Percentage Of Revenue Specific To Customer From Net Revenue
PercentageOfRevenueSpecificToCustomerFromNetRevenue
0.09
hgbl Percentage Of Revenue Specific To Customer From Net Revenue
PercentageOfRevenueSpecificToCustomerFromNetRevenue
0.12
CY2021Q3 hgbl Percentage Of Revenue Specific To Customer From Net Revenue
PercentageOfRevenueSpecificToCustomerFromNetRevenue
0.06
CY2020Q3 hgbl Percentage Of Revenue Specific To Customer From Net Revenue
PercentageOfRevenueSpecificToCustomerFromNetRevenue
0.08
CY2021Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2600000
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2100000
us-gaap Notes Issued1
NotesIssued1
5900000
us-gaap Proceeds From Sale Of Notes Receivable
ProceedsFromSaleOfNotesReceivable
3400000
CY2021Q3 hgbl Notes Receivable Balance Transferred To Partner
NotesReceivableBalanceTransferredToPartner
2000000.0
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
90000
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3516225
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.63
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
672500
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.31
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1895437
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
90000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
1.11
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2203288
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.25
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
1912000
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
932225
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.58
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
1298000
CY2021Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
25000
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
0
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
20000000.0
us-gaap Convertible Preferred Stock Terms Of Conversion
ConvertiblePreferredStockTermsOfConversion
the Company’s shares of Series 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.
CY2021Q3 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
40
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35805227
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28751689
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
35285128
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
28817344
CY2021Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1285067
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
3138426
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1282585
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2470807
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
37090294
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31890115
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
36567713
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31288151
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
100000
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
400000
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000
hgbl Number Of Locations
NumberOfLocations
3
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2818000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
963000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2866000
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1003000
CY2019Q1 hgbl Lessee Operating Lease Incremental Borrowing Rate
LesseeOperatingLeaseIncrementalBorrowingRate
0.0525
CY2021Q2 hgbl Lessee Operating Lease Incremental Borrowing Rate
LesseeOperatingLeaseIncrementalBorrowingRate
0.0495
us-gaap Operating Lease Expense
OperatingLeaseExpense
500000
us-gaap Operating Lease Expense
OperatingLeaseExpense
400000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
150000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
612000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
563000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
532000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
396000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1064000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3317000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
451000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
2866000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
686000
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
1020000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
218000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1488000
CY2020Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2437000
us-gaap Indefinitelived Intangible Assets Acquired
IndefinitelivedIntangibleAssetsAcquired
340000
CY2021Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
2777000
CY2020Q4 hgbl Intangible Assets Net Excluding Goodwill One
IntangibleAssetsNetExcludingGoodwillOne
3123000
hgbl Intangible Assets Acquired Excluding Goodwill
IntangibleAssetsAcquiredExcludingGoodwill
1020000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
200000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
218000
CY2021Q3 hgbl Intangible Assets Net Excluding Goodwill One
IntangibleAssetsNetExcludingGoodwillOne
4265000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
119000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
363000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
333000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
333000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
340000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1488000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021Q3 us-gaap Goodwill
Goodwill
7262000
CY2020Q4 us-gaap Goodwill
Goodwill
5585000
CY2021Q3 us-gaap Unsecured Debt Current
UnsecuredDebtCurrent
531000
CY2021Q3 us-gaap Unsecured Long Term Debt
UnsecuredLongTermDebt
1469000
CY2021Q3 us-gaap Loans Payable
LoansPayable
2000000
CY2021Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
77600000
hgbl Operating Loss Carryforwards Expiration
OperatingLossCarryforwardsExpiration
Substantially all of the net operating loss 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.
CY2021Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
533000
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
1612000
us-gaap Operating Income Loss
OperatingIncomeLoss
1652000
us-gaap Operating Income Loss
OperatingIncomeLoss
2730000
CY2021Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
7037000
CY2020Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
8817000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
22264000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
21985000
CY2021Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
456000
CY2020Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
1491000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
2325000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
4288000
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.01
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.05
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.07
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
0.15
CY2021Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.01
CY2020Q3 us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.05
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.06
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
0.14

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