XML 67 R19.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment Reporting | 9 Months Ended
--- | ---
Sep. 30, 2013
Segment Reporting [Text Block] | Note 12 – Segment Reporting From 2005 until the second quarter of 2009, the Company operated in a single business segment, Patent Licensing. With the commencement of HG LLC’s operations in the second quarter of 2009, the Company diversified into a second segment, Asset Liquidation. For both the nine months ending September 30, 2013 and the year ending December 31, 2012, only the Asset Liquidation segment had revenues and assets sufficiently significant to require separate reporting. There are no material inter-segment revenues or expenses. To date the Company’s business has been conducted principally in North America, but the establishment of offices in Europe in the third quarter of 2012 is expected to will result in more international operations in future periods. The table below presents information about the Company’s segments as of and for the three and nine months ended September 30, 2013 and 2012:
|  | For the three months ended September 30, |
|  | 2013 |  |  | 2012 |
|  | Asset |  |  | Asset |
|  | Liquidation |  |  | Liquidation |
Revenues from external customers | $ | 2,265 |  | $ | 3,052 |
Earnings from equity accounted asset liquidation investments |  | 456 |  |  | 222 |
Other income (expense) |  | — |  |  | 7 |
Interest expense |  | 39 |  |  | 70 |
Depreciation and amortization |  | 118 |  |  | 272 |
Segment loss |  | (112 | ) |  | (311 | )
Investment in equity accounted asset liquidation investees |  | 3,574 |  |  | 1,773 |
Segment assets |  | 24,685 |  |  | 27,349 |
|  | For the nine months ended September 30, |
|  | 2013 |  |  | 2012 |
|  | Asset |  |  | Asset |
|  | Liquidation |  |  | Liquidation |
Revenues from external customers | $ | 5,589 |  | $ | 9,917 |
Earnings from equity accounted asset liquidation investments |  | 1,265 |  |  | 1,449 |
Other income (expense) |  | — |  |  | (301 | )
Interest expense |  | 308 |  |  | 174 |
Depreciation and amortization |  | 358 |  |  | 283 |
Segment income (loss) |  | (1,631 | ) |  | 755 |
The following table reconciles reportable segment information to the unaudited condensed consolidated interim financial statements of the Company:
|  | Three months |  |  | Three months |  |  | Nine months |  |  | Nine months |
|  | ended |  |  | ended |  |  | ended |  |  | ended |
|  | September 30, |  |  | September 30, |  |  | September 30, |  |  | September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Total other income (expense) for reportable segments | $ | — |  | $ | 7 |  | $ | — |  | $ | (301 | )
Unallocated other income (expense) |  | — |  |  | 1 |  |  | — |  |  | 2 |
Total other income (expense) | $ | — |  | $ | 8 |  | $ | — |  | $ | (299 | )
Total interest expense for reportable segments | $ | 39 |  | $ | 70 |  | $ | 308 |  | $ | 174 |
Unallocated interest expense from third party debt |  | — |  |  | 1 |  |  | — |  |  | 1 |
Unallocated interest expense from related party debt |  | 91 |  |  | (11 | ) |  | 91 |  |  | — |
Total interest expense | $ | 130 |  | $ | 60 |  | $ | 399 |  | $ | 175 |
Total depreciation and amortization for reportable segments | $ | 118 |  | $ | 272 |  | $ | 358 |  | $ | 283 |
Other unallocated depreciation from corporate assets |  | — |  |  | — |  |  | — |  |  | — |
Total depreciation and amortization | $ | 118 |  | $ | 272 |  | $ | 358 |  | $ | 283 |
Total segment income (loss) | $ | (112 | ) | $ | (311 | ) | $ | (1,631 | ) | $ | 755 |
Revenue not allocated to reportable segments |  | 624 |  |  | — |  |  | 824 |  |  | — |
Other income (expense) and earnings (loss) of other equity accounted investments |  | 22 |  |  | (11 | ) |  | 61 |  |  | (63 | )
Other corporate expenses (primarily corporate level interest, general and administrative expenses) |  | (407 | ) |  | (1,316 | ) |  | (1,370 | ) |  | (2,335 | )
Income tax expense (recovery) |  | 387 |  |  | (638 | ) |  | (466 | ) |  | (612 | )
Net loss from continuing operations | $ | (260 | ) | $ | (1,000 | ) | $ | (1,650 | ) | $ | (1,031 | )
|  | As at |  |  | As at |  |  |  |  |  |  |
|  | September 30, |  |  | September 30, |  |  |  |  |  |  |
|  | 2013 |  |  | 2012 |  |  |  |  |  |  |
Segment assets | $ | 24,685 |  | $ | 27,349 |  |  |  |  |  |  |
Other assets not allocated to segments (1) |  | 33,002 |  |  | 33,583 |  |  |  |  |  |  |
Total assets | $ | 57,687 |  | $ | 60,932 |  |  |  |  |  |  |
| (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.

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration