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Subsequent Events | 6 Months Ended
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Jun. 30, 2013
Subsequent Events [Text Block] | Note 14 – Subsequent Events The Company has evaluated its operations during the period subsequent to June 30, 2013 and has two non-recognized subsequent events. On July 26, 2013, the Company and its Co-CEOs entered into an agreement by which the Co-CEOs terminated their employment with the Company and Counsel RB. Under the agreement, as disclosed in the Company’s Current Report on Form 8-K filed on July 31, 2013, effective June 30, 2013 the Co-CEOs have departed the Company along with the personnel in the New York and Los Angeles offices of Counsel RB. Both Co-CEOs retained their initial equity position of 1,621,000 common shares of the Company. However, they have each returned the 400,000 common shares of the Company that they acquired in August 2012 in return for intellectual property licensing agreements. The licensing agreements have been cancelled. The managing partners of Heritage Global Partners now lead Counsel RB. The senior managing director of Equity Partners continues to lead Counsel RB’s Equity Partners subsidiary. On June 11, 2013, the Company’s Board of Directors adopted and recommended, and shareholders of shares of voting stock constituting a majority of the Company’s voting power approved, pursuant to a written consent dated as of July 12, 2013, and effective July 22, 2013, the name change of the Company to “Heritage Global Inc.” and the accompanying amendment to the Company’s Amended and Restated Articles of Incorporation. The name change is expected to be made effective on or after August 15, 2013.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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