CREDIT FACILITIES (Details Narrative) £ in Thousands, $ in Thousands |
12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
Dec. 07, 2015 |
Mar. 19, 2014
USD ($)
|
Jul. 15, 2013
USD ($)
|
May 17, 2011
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
Mar. 19, 2014
GBP (£)
|
Feb. 03, 2012
USD ($)
|
|
| Line of Credit [Member] | |||||||||
| Accounts receivable collateral amount | $ 3,922 | ||||||||
| Second Amended and Restated Credit Agreement [Member] | Wells Fargo Bank, National Association [Member] | Asset Based Credit Facility [Member] | |||||||||
| Credit facility | $ 100 | ||||||||
| Credit facility expiration date | Jul. 15, 2018 | ||||||||
| Description of interest rate | The interest rate for each revolving credit advance under the Credit Agreement is, subject to certain terms and conditions, equal to the LIBOR plus a margin of 2.25% to 3.25% depending on the type of advance and the percentage such advance represents of the related transaction for which such advance is provided. |
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| UK Credit Agreement [Member] | Wells Fargo Bank, National Association [Member] | Line of Credit [Member] | |||||||||
| Credit facility | $ 100 | ||||||||
| Description of success fees | The credit facility also provides for success fees in the amount of 5% to 20% of the net profits, if any, earned on the liquidation engagements funded under the Credit Agreement as set forth therein. |
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| Interest expense | $ 1,109 | 343 | $ 400 | ||||||
| Success fees | $ 732 | 119 | 162 | ||||||
| Description of collateral | The credit facility is secured by the proceeds received for services rendered in connection with liquidation service contracts pursuant to which any outstanding loan or letters of credit are issued and the assets that are sold at liquidation related to such contract. |
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| UK Credit Agreement [Member] | Wells Fargo Bank, National Association [Member] | Line of Credit [Member] | GBP [Member] | |||||||||
| Maximum borrowing capacity credit facility | £ | £ 50,000 | ||||||||
| Loan and Security Agreement [Member] | Great American Group Advisory And Valuation Services, LLC [Member] | Line of Credit [Member] | BFI Business Finance [Member] | |||||||||
| Credit facility expiration date | Feb. 03, 2016 | ||||||||
| Maximum borrowing capacity credit facility | $ 2 | $ 3 | |||||||
| Description of interest rate | The interest rate under the Line of Credit was the prime rate plus 2% (6.5% at December 31, 2015), payable monthly in arrears. |
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| Interest expense | 84 | $ 46 | |||||||
| Standby letters of credit issued and outstanding | 272 | ||||||||
| Description of collateral | Line of Credit is collateralized by the accounts receivable of such subsidiary and allows for borrowings in the amount of 85% of the net face amount of prime accounts. |
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| Accounts receivable collateral amount | 3,992 | ||||||||
| Total borrowings available and unused | $ 2,738 | ||||||||