Consolidated Entities (Tables)

3 Months Ended

Mar. 31, 2015

Reconciliation of Cash Paid to Sellers and Fair Value of Sellers Non-Controlling Interest

The following is a reconciliation of consideration paid to Novel Fashion Brands Limited:


Cash paid to Novel Fashion Brand Limited	$	40,400
Shares issued to the seller		15,703
Offset of accounts receivable		1,269

Fair value of 50% interest in Iconix China	$	57,372

Estimated Fair Value of Assets Acquired

The estimated fair value of the assets acquired, less liabilities assumed (which is preliminary and is subject to change), is allocated as follows:


Fair value of 50% interest in Iconix China	$	57,372
Book value of Company equity investment prior to 2015 Buy-out		10,006
Gain on re-measurement of initial equity investment		47,365

	$	114,743

Trademarks		40,500
Investments in private companies		42,659
Cash		20,184
Other assets		5,432
Accrued expenses		(447	)
Goodwill		6,415

	$	114,743

Investments

Through our acquisition of the remaining 50% interest of Iconix China (see above), we now own 100% of the following private companies including; Candies Shanghai Fashion Co., Ltd. (which can be put by the Company to Shanghai La Chappelle Fashion Co., Ltd. for cash based on a pre-determined formula), Ecko Industry (Shanghai) Co. Ltd., Ningbo Material Girl Fashion Co., Ltd., Tangli International Holdings Ltd., Xi Ha Clothing and Northeast Socks.


Brands Placed	Partner	Ownership by Iconix China			Value of Investment As of March 31, 2015
Candie’s	Candies Shanghai Fashion Co., Ltd.		20	%	$	9,494
Marc Ecko	Marc Ecko China Ltd.		15	%		2,293
Material Girl	Ningbo Material Girl Fashion Co., Ltd.		20	%		5,439
Ed Hardy	Tangli International Holdings Ltd,		20	%		10,486
Ecko Unltd	Ecko Industry (Shanghai) Co., Ltd.		20	%		11,158
Joe Boxer	Joe Boxer China, Ltd.		25	%		3,789

					$	42,659

Strawberry Shortcake

Estimated Fair Value of Assets Acquired

The cash paid to the Sellers and the estimated fair value of the assets acquired (which is preliminary and is subject to change), is allocated as follows:


Cash paid to sellers by the Company	$	105,000

Trademarks	$	93,546
License agreements		2,300
Note receivable		8,654
Goodwill		500

	$	105,000

Pony International, LLC.

Reconciliation of Cash Paid to Sellers and Fair Value of Sellers Non-Controlling Interest

The following table is a reconciliation of cash paid to Pony Sellers and the fair value of ALS’s non-controlling interest (which is preliminary and is subject to change):


Cash paid to Pony Sellers	$	37,000
Fair value of 25% non-controlling interest to ALS		12,333

Fair value of PONY	$	49,333

Estimated Fair Value of Assets Acquired

The estimated fair value of the assets acquired is allocated as follows:


Trademarks	$	47,950
License agreements		550
Goodwill		833

	$	49,333