As described in Note 3, the Company’s amounts receivable are primarily related to the operations of its asset liquidation business. With respect to auction proceeds and asset dispositions, the goods are not released to the buyer until payment has been received, and therefore the Company has not experienced any significant collectability issues relating to these receivables. Given this experience, together with the ongoing business relationships between the Company and its joint venture partners, the Company has not yet been required to develop a policy for formal credit quality assessment. The Company has also not experienced any significant collectability issues with receivables relating to appraisal fees. As the Company’s asset liquidation business continues to develop, more comprehensive credit assessments may be required.

During the year ended December 31, 2013, there were no changes in the Company’s accounting policies for financing receivables, and therefore no related change in the current-period provision for credit losses. During the same period, there were no purchases, sales or reclassifications of financing receivables. There were no troubled debt restructurings during the years ended December 31, 2013 and 2012.

The Company’s intangible assets are related to its asset liquidation business.

As discussed in Note 2, on February 29, 2012 the Company acquired HGP for a total purchase price of $7,080, of which $5,640 was assigned to identifiable intangible assets. Of this amount, $4,180 was assigned to Customer/Broker Network and $1,460 was assigned to Trade Name. The Customer/Broker Network intangible asset is being amortized over 12 years, and the Trade Name intangible asset is being amortized over 14 years. Based on the Company’s assessment at December 31, 2013, these assets were not impaired. The details are as shown below:

		December 31,			December 31,
		2013			2012
Customer/Broker Network	$	4,180		$	4,180
Accumulated amortization		(639	)		(290	)
		3,541			3,890

Trade Name		1,460			1,460
Accumulated amortization		(191	)		(87	)
		1,269			1,373

Total net intangible assets	$	4,810		$	5,263

As part of its acquisition of Equity Partners in June 2011, the Company recognized goodwill of $573. No goodwill impairment resulted from the completion of the impairment tests at December 31, 2013, and there have been no events or changes in circumstances in 2013 that make it more likely than not that the carrying amount of this goodwill may be impaired.

As part of its acquisition of HGP in February 2012, the Company recognized goodwill of $4,728, as discussed in more detail in Note 2. This valuation was finalized in the third quarter of 2012, and the goodwill was subsequently tested for impairment at December 31, 2013. Based on the testing, management concluded that the goodwill was not impaired at December 31, 2013.

Accounts payable and accrued liabilities consisted of the following at December 31:

		2013		2012
Due to auction clients	$	3,586	$	2,242
Due to Joint Venture partners		639		487
Sales and other taxes		966		552
Customer deposits		50		—
Remuneration and benefits		579		373
Asset liquidation expenses		76		184
Auction expenses		135		134
Regulatory and legal fees		45		87
Accounting, auditing and tax consulting		153		170
Patent licensing and maintenance		25		9
Other		256		177
	$	6,510	$	4,415