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Accounts Receivable and Accounts Payable | 12 Months Ended
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Dec. 31, 2014
Accounts Receivable and Accounts Payable [Text Block] | Note 7 – Accounts Receivable and Accounts Payable Accounts receivable As described in Note 2, the Company’s accounts receivable are primarily related to the operations of its asset liquidation business. With respect to auction proceeds and asset dispositions, including NLEX’s accounts receivable brokerage transactions, the assets are not released to the buyer until payment has been received. The Company, therefore, is not exposed to significant collectability risk 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 historically required a formal credit quality assessment in connection with these activities. The Company has not experienced any significant collectability issues with receivables relating to fee and commission revenue. As the Company’s asset liquidation business expands, more comprehensive credit assessments may be required. During the year ended December 31, 2014, there were no changes in the Company’s accounting policies for financing receivables. 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, 2014 and 2013. Accounts payable and accrued liabilities Accounts payable and accrued liabilities consisted of the following at December 31:
|  | 2014 |  |  | 2013 |
Due to auction clients | $ | 2,353 |  | $ | 3,586 |
Due to Joint Venture partners |  | 1,020 |  |  | 639 |
Sales and other taxes |  | 1,156 |  |  | 966 |
Customer deposits |  | 503 |  |  | 50 |
Remuneration and benefits |  | 957 |  |  | 579 |
Asset liquidation expenses |  | 233 |  |  | 76 |
Auction expenses |  | 307 |  |  | 135 |
Regulatory and legal fees |  | 89 |  |  | 45 |
Accounting, auditing and tax consulting |  | 140 |  |  | 153 |
Patent licensing and maintenance |  | 12 |  |  | 25 |
Other |  | 361 |  |  | 256 |
| $ | 7,131 |  | $ | 6,510 |

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- Definition Accounts Receivable and Accounts Payable + References No definition available. + Details
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