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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 1,752 $ 9,011
Accounts receivable - net 312 479
Inventories 135 0
Prepaid expenses and other current assets 274 1,091
Current assets of discontinued operations 20 267
Total current assets 2,493 10,848
Property and equipment - net 58 82
Accounts receivable - noncurrent, net 6 36
Intangible assets - net 2,049 3
Other assets - net 471 570
Noncurrent assets of discontinued operations 0 1
Total assets 5,077 11,540
Current liabilities:    
Due to licensors 307 457
Accounts payable and accrued expenses 1,625 4,840
Current liabilities of discontinued operations 1,148 1,859
Deferred revenue 9 9
Total current liabilities 3,089 7,165
Deferred rent 34 0
Total liabilities not subject to compromise 3,123 7,165
Liabilities subject to compromise 0 958
Total liabilities 3,123 8,123
Commitments and contingencies      
4Licensing Corporation shareholders' equity    
Preferred stock, $.01 par value - authorized 3,000,000 shares; none issued 0 0
Common stock, $.01 par value - authorized 40,000,000 shares; issued 15,838,879 shares; outstanding 13,714,992 shares at June 30, 2013 and December 31, 2012 158 158
Additional paid-in capital 69,592 69,524
Accumulated other comprehensive income 0 344
Accumulated deficit (15,433) (13,519)
Shareholders' equity before treasury stock 54,317 56,507
Less cost of 2,123,887 treasury shares at June 30, 2013 and December 31, 2012 (36,488) (36,488)
Total equity of 4Licensing Corporation shareholders 17,829 20,019
Noncontrolling interests (includes discontinued operations of $(16,403) and $(16,602) at June 30, 2013 and December 31, 2012) (15,875) (16,602)
Total equity 1,954 3,417
Total liabilities and equity $ 5,077 $ 11,540