7. REVENUES/MAJOR CUSTOMERS

Net revenues included in the accompanying consolidated statements of operations are net of licensor participations of $666, $2,871 and $5,324 during fiscal years 2012, 2011 and 2010, respectively. The percentages of revenue from major Properties and customers/licensees are as follows:

	December 31,
	2012			2011			2010
Percentage of revenue derived from major Properties (revenue in excess of 10 percent of total revenue)		85	%		88	%		79	%
Number of major Properties		2			3			3

Percentage of revenue derived from major customers/licensees (revenue in excess of 10 percent of total revenue)		85	%		64	%		55	%
Number of major customers/licensees		2			1			2

Two Properties, "Yu-Gi-Oh!" and "Cabbage Patch Kids" represented more than 10% of consolidated net revenue for fiscal 2012; "Yu-Gi-Oh!" represented 75% and "Cabbage Patch Kids" represented 10% respectively, for a total of 85% of consolidated net revenues for fiscal 2012, or $2,853. Three Properties, "Yu-Gi-Oh!", "American Kennel Club", and "Teenage Mutant Ninja Turtles" represented 64%, 13%, and 11% respectively, for a total of 88%, of consolidated net revenues for fiscal 2011, or $7,088. Three Properties, "Yu-Gi-Oh!", "Pokémon", and "Cabbage Patch Kids" represented 46%, 23%, and 10% respectively, for a total of 79%, of consolidated net revenues for fiscal 2010, or $8,672. Two licensees, Konami and JAKKS Pacific, represented 85% of consolidated net revenues for fiscal 2012. One licensee, Konami, represented 64% of consolidated net revenues for fiscal 2011. Two licensees, Konami and Play Along, represented 55% of consolidated net revenues for fiscal 2010. As of December 31, 2012 and 2011, accounts receivable due from the major customer/licensees discussed above represented 8% and 33%, respectively, of the Company's gross accounts receivable for each such year.