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Consolidated Balance Sheets (Unaudited) (USD $)
Sep. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents $ 3,094,000 $ 3,128,000
Accounts receivable, net of allowance for doubtful accounts of $760 and $760 9,232,000 11,460,000
Indemnification receivable 428,000 428,000
Prepaid expenses and other current assets 220,000 251,000
Total current assets 12,974,000 15,267,000
Property and equipment, net of accumulated depreciation of $316 and $226 580,000 579,000
Trademarks and trade names with indefinite lives 8,467,000 8,467,000
Other intangibles with finite lives, net of accumulated amortization of $6,101 and $5,019 2,235,000 3,318,000
Goodwill 12,563,000 12,563,000
Restricted cash 222,000 222,000
Other assets 457,000 310,000
Total assets 37,498,000 40,726,000
Current liabilities:    
Accounts payable and accrued liabilities 3,875,000 3,528,000
Due to models 7,131,000 9,564,000
Deferred revenue   295,000
Foreign withholding claim subject to indemnification 428,000 428,000
Amegy credit facility   500,000
Earn out liability 509,000 2,244,000
Total current liabilities 11,943,000 16,559,000
Long term liabilities    
Amegy credit facility 1,500,000  
Deferred revenue, net of current portion   245,000
Deferred income tax liability 1,800,000 1,800,000
Total long-term liabilities 3,300,000 2,045,000
Commitments and contingencies      
Shareholders’ equity:    
Common stock, $0.01 par value, 250,000,000 shares authorized;121,440,752 and 129,440,752 shares issued and outstanding at September 30, 2012 and December 31, 2011 1,294,000 1,294,000
Treasury stock (8,000,000 and 0 shares in 2012 and 2011), at cost (1,008,000)  
Additional paid-in capital 85,147,000 85,133,000
Accumulated deficit (63,178,000) (64,305,000)
Total shareholders’ equity 22,255,000 22,122,000
Total liabilities and shareholders’ equity $ 37,498,000 $ 40,726,000