XML 39 R20.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Segment Reporting
 6 Months Ended
Jun. 30, 2011
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Note 13 – Segment Reporting
 
Beginning in 2005, the Company operated in a single business segment, Patent Licensing. With the commencement of Counsel RB’s operations in the second quarter of 2009, the Company diversified into a second segment, Asset Liquidation. For the six months ending June 30, 2011 and 2010, only the Asset Liquidation segment had revenues and assets sufficiently significant to require separate reporting.
 
There are no material inter-segment revenues. The Company’s business is conducted principally in the U.S. The table below presents information about the Asset Liquidation segment of the Company as of and for the three  and six months ended June 30, 2011 and 2010:
 

For the Three Months Ended
 
   
June 30, 2011
  
June 30, 2010
 
   
Asset
Liquidation
  
Asset
Liquidation
 
Revenues from external customers
 $11,735  $488 
Earnings of equity accounted asset liquidation investments
  157   2,601 
Other income (expense)
  14   (125)
Interest expense
  (52)  (97)
Segment income (pre-tax)
  4,816   2,208 
Investment in equity accounted asset liquidation investments
  1,471   4,750 
Segment assets
  5,869   8,891 
 

For the Six Months Ended
 
   
June 30, 2011
  
June 30, 2010
 
   
Asset
  
Asset
 
   
Liquidation
  
Liquidation
 
Revenues from external customers
 $12,469  $2,721 
Earnings from equity accounted asset liquidation investments
  1,717   3,038 
Other income (expense)
  14   (125)
Interest expense
  (136)  (198)
Segment income (pre-tax)
  4,454   2,856 
 
The following table reconciles reportable segment information to the unaudited condensed consolidated financial statements of the Company:
 

Three months
ended
June 30,
2011
  
Three months
ended
June 30,
2010
  
Six months
ended
June 30,
2011
  
Six months
ended
June 30,
2010
 
              
Total other income and earnings from equity accounted investments for reportable segments
 $171  $2,476  $1,731  $2,913 
Unallocated other income and earnings from equity investments from corporate accounts
  35   73   50   151 
   $206  $2,549  $1,781  $3,064 
                  
Total interest expense for reportable segments
 $52  $97  $136  $198 
Unallocated interest expense from related party debt
  —   35   —   64 
   $52  $132  $136  $262 
                  
Total depreciation and amortization for reportable segments
 $—  $—  $—  $— 
Other unallocated depreciation from corporate assets
  —   —   —   — 
   $—  $—  $—  $— 
                  
Total segment income (pre-tax)
 $4,816  $2,208  $4,454  $2,856 
Other income
  35   73   50   151 
Other corporate expenses (primarily corporate level interest, general and administrative expenses)
  (333)  (267)  (395)  (547)
Income tax expense (recovery)
  978   314   380   381 
Net income from continuing operations
 $3,540  $1,700  $3,729  $2,079 
                  
   
As at
  
As at
         
   
June 30, 2011
  
June 30, 2010
         
                  
Segment assets
 $5,869  $8,891         
Intangible assets not allocated to segments
  —   —         
Other assets not allocated to segments(1)
  12,253   3,134         
   $18,122  $12,025 

 
(1)
Other assets not allocated to segments are corporate assets such as cash, non-trade accounts receivable, prepaid insurance, investments and deferred income tax assets.