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Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments And Contingencies Disclosure [Abstract]

Note 11 – Commitments and Contingencies

At December 31, 2018, HGI’s lease commitments related to its offices in California, Illinois, Maryland, and Arizona, a warehouse space lease in the Netherlands, and an automobile lease. The California office leases expire in January 2020 and April 2021; the Illinois office lease expires in June 2023, and the Arizona office lease expires in August 2019. The automobile lease expires in May 2020 and the Netherlands warehouse lease expires in August 2019. The annual lease obligations are as shown below (in thousands):

2019	$	598
2020		453
2021		222
2022		111
2023		46
Total	$	1,430

In the normal course of its business, HGI may be subject to contingent liabilities with respect to assets sold either directly or through Joint Ventures. As of December 31, 2018, in connection to a purchase with partners of a pharmaceutical campus in Huntsville, Alabama, the Company has a contractual obligation to make remaining guaranteed distribution payments to a partner totaling approximately $3.8 million by no later than May 26, 2020.

At December 31, 2018 HGI does not expect any potential contingent liabilities, individually or in the aggregate, to have a material adverse effect on its assets or results of operations.