CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 47	$ 235
Accounts receivable - net	96	196
Inventories - net	542	680
Prepaid expenses and other current assets	283	187
Current assets of discontinued operations	1	4
Total current assets	969	1,302
Property and equipment - net	32	38
Intangible assets - net	1,769	1,839
Other assets - net	401	411
Total assets	3,171	3,590
Current liabilities:
Due to licensors	168	279
Accounts payable and accrued expenses	1,418	954
Promissory notes-related party, net of discount of $463	1,187	0
Current liabilities of discontinued operations	114	114
Total current liabilities	2,887	1,347
Promissory notes - related party, net of discount of $710	0	940
Derivative warrant liability	974	0
Long-term payable	8	22
Total liabilities	$ 3,869	$ 2,309
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 17,061,695 and 15,916,308 shares; outstanding 14,937,808 and 13,792,421 shares at June 30, 2015 and December 31, 2014, respectively	171	159
Additional paid-in capital	72,456	71,062
Accumulated deficit	(20,729)	(17,641)
Shareholders' equity before treasury stock	51,898	53,580
Less cost of 2,123,887 treasury shares at June 30, 2015 and December 31, 2014	(36,488)	(36,488)
Total equity of 4Licensing Corporation shareholders	15,410	17,092
Noncontrolling interests (includes discontinued operations of $(16,177) at June 30, 2015 and December 31, 2014)	(16,108)	(15,811)
Total (deficit) equity	(698)	1,281
Total liabilities and (deficit) equity	$ 3,171	$ 3,590