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v3.20.4

Debt (Narrative) (Details) |  | 1 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | --- | ---
Feb. 10, 2020 USD ($) | Mar. 31, 2019 USD ($) | Sep. 30, 2018 USD ($) | Jan. 31, 2018 USD ($) Installment | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Jan. 30, 2018 USD ($) | Dec. 31, 2017
Heritage Global LLC [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Litigation settlement, amount paid behalf of subsidiary |  |  |  | $ 1,260,000 |  |  |  |
Number of installments | Installment |  |  |  | 36 |  |  |  |
Litigation settlement installments amount due |  |  |  |  |  |  | $ 35,000 |
Remaining outstanding debt balance payable date |  |  |  | Jan. 30, 2021 |  |  |  |
Interest rate on promissory note |  |  |  |  |  |  |  | 6.50%
Percentage of default interest amount |  |  |  |  | 12.00% |  |  |
Description of event of default |  |  |  |  | An “Event of Default” means: (a) any failure of HG LLC to pay when due any amount thereunder, when and as due, (b) any failure on the part of HG LLC to pay upon 54 Finance’s demand any fees, costs, expenses or other charges hereunder or otherwise due to HG LLC under the Note or the Guaranty, (c) any breach, failure or default under the Guaranty, (d) HG LLC or HGI repudiates or revokes, or purports to repudiate or revoke, any obligation under the Note or the Guaranty, or the obligation of HGI under the Guaranty is limited or terminated by operation of law or by HGI, or (e) HG LLC or HGI are insolvent or admit in writing its inability to pay debts as they mature, or make a general assignment for the benefit of its creditors, or institute any bankruptcy, insolvency or similar proceeding under the laws of any jurisdiction, or take any action to authorize such proceeding. |  |  |
Debt instrument, periodic payment |  |  |  |  | $ 455,000 |  |  |
Outstanding note balance |  |  |  |  | 0 |  |  |
First Choice Bank [Member] | Revolving Line of Credit [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Line of credit |  |  | $ 1,500,000 |  | $ 0 | $ 0 |  |
Debt instrument, Maturity date |  | Apr. 05, 2020 |  |  | Oct. 05, 2019 |  |  |
Interest rate per annum |  | 5.50% |  |  |  |  |  |
Line of credit aggregate borrowing capacity |  | $ 3,000,000 |  |  |  |  |  |
Line of credit, repayment |  |  |  |  | $ 5,600,000 | 2,100,000 |  |
Line of credit, drawn amount |  |  |  |  | $ 5,600,000 | $ 1,300,000 |  |
First Choice Bank [Member] | Revolving Line of Credit [Member] | Minimum [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Monthly interest payment |  |  | $ 100.00 |  |  |  |  |
First Choice Bank [Member] | Revolving Line of Credit [Member] | Wall Street Journal prime rate [Member] | Minimum [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Interest rate per annum |  |  | 5.25% |  |  |  |  |
C3bank [Member] |  |  |  |  |  |  |  |
Debt Instrument [Line Items] |  |  |  |  |  |  |  |
Line of credit | $ 5,000,000 |  |  |  |  |  |  |
Debt instrument, Maturity date | Apr. 05, 2021 |  |  |  |  |  |  |
Interest rate per annum | 5.50% |  |  |  |  |  |  |

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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(16)) -URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910 + Details
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