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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2012
SUBSEQUENT EVENTS [Abstract]  
SUBSEQUENT EVENTS
18.  SUBSEQUENT EVENTS
 
On January 2, 2013, the Company entered into a sublease agreement for certain office and administrative space under a non-cancelable agreement that continues through October 2015. Commitments for future minimal lease payments required under this agreement are detailed in Note 15.

On January 17, 2013, the Company, together with certain other investors, set up Pinwrest Development Group, LLC ("Pinwrest"), a Delaware limited liability company, in which the Company indirectly owns 70% of the membership interests. The Company has made its portion of capital contribution to Pinwrest. Beginning with the Company's first quarter of 2013 reporting, 4LC will consolidate Pinwrest into its financial statements. Pinwrest will be taxed as a partnership with each member being taxed on their pro-rata share of profits and losses.

On February 14, 2013, the Company acquired, through Pinwrest, a patent for the IsoBLOX™ technology (the "Patent") from The Dodd Group, LLC ("TDG"), a Texas limited liability company. In addition to the Patent, Pinwrest also acquired from TDG certain other intellectual property associated with that Patent, including the trademarks, copyrights, URL's and other confidential information, as well as certain contracts and contract rights. The total purchase price for the Patent and the other assets is approximately $2.1 million.

In conjunction with the acquisition of the Patent, Pinwrest entered into an Intellectual Property Agreement with Mark Dodd ("Dodd"), President of TDG and inventor of the IsoBLOX™ technology (the "IP Agreement"). The IP Agreement provides that Dodd has the exclusive, irrevocable right to use or license the IsoBLOX™ technology in the footwear category. Under the IP Agreement, if Dodd manufactures products in the footwear category using the IsoBLOX™ technology or if Dodd licenses the IsoBLOX™ technology to third parties for use in products in the footwear category, Dodd will pay Pinwrest a royalty equal to certain percentages of the revenues received by Dodd. The IP Agreement further provides that if Dodd receives an offer from a third party seeking to acquire the rights licensed to Dodd pursuant to the IP Agreement (whether by means of an assignment of the IP Agreement or a sale of the business among whose assets are the IP Agreement), Pinwrest will have the right of first refusal to acquire the rights or business which Dodd is seeking to transfer or sell. If Pinwrest declines to exercise its right of first refusal and the proposed transaction is consummated, Pinwrest will be entitled to receive 5% of the proceeds paid by the third-party with respect to such transfer or sale.

In conjunction with the APA, Pinwrest entered into an 18 month consulting agreement with Mark Dodd ("Dodd"), President of The Dodd Group that pays him approximately $140 per annum. Dodd is also subject to a two year non-compete agreement, and was granted a limited license to exploit the IsoBLOX™ technology as it relates to various footwear applications.

Subsequent events were evaluated by the Company through the date the financial statements were issued. There were no other events that occurred subsequent to December 31, 2012 that would require recognition or disclosure in the Company's consolidated financial statements.