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CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current assets:    
Cash and cash equivalents $ 1,467 $ 356
Accounts receivable - net 217 308
Inventories 342 137
Prepaid expenses and other current assets 385 278
Current assets of discontinued operations 1 1
Total current assets 2,412 1,080
Property and equipment - net 31 37
Accounts receivable - noncurrent, net 17 1
Intangible assets - net 1,944 1,979
Other assets - net 442 471
Total assets 4,846 3,568
Current liabilities:    
Due to licensors 576 327
Accounts payable and accrued expenses 1,635 1,789
Current liabilities of discontinued operations 293 618
Deferred revenue 13 7
Total current liabilities 2,517 2,741
Long-term debt 672 0
Accrued expenses - long-term 60 23
Total liabilities 3,249 2,764
Commitments and contingencies      
4Licensing Corporation shareholders' equity (deficit)    
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 15,845,879 and 15,838,879 shares; outstanding 13,721,992 and 13,714,992 shares at March 31, 2014 and December 31, 2013, respectively 158 158
Additional paid-in capital 70,624 69,629
Accumulated deficit (16,935) (16,748)
Shareholders' equity before treasury stock 53,847 53,039
Less cost of 2,123,887 treasury shares at March 31, 2014 and December 31, 2013 (36,488) (36,488)
Total equity of 4Licensing Corporation shareholders 17,359 16,551
Noncontrolling interests, (includes discontinued operations of $(16,203) at March 31, 2014 and December 31, 2013) (15,762) (15,747)
Total equity 1,597 804
Total liabilities and equity $ 4,846 $ 3,568