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Consolidated Balance Sheets (June 30, 2013 Unaudited) (USD $)
Jun. 30, 2013
Dec. 31, 2012
Cash and cash equivalents $ 1,720,000 $ 1,145,000
Accounts receivable, net of allowance for doubtful accounts of $760 and $760 10,301,000 9,904,000
Indemnification receivable   428,000
Deferred tax asset 202,000 202,000
Prepaid expenses and other current assets 398,000 207,000
Total current assets 12,621,000 11,886,000
Property and equipment, net of accumulated depreciation of $412 and $353 538,000 554,000
Trademarks and trade names with indefinite lives 8,467,000 8,467,000
Other intangibles with finite lives, net of accumulated amortization of $7,173 and $6,459 1,163,000 1,881,000
Goodwill 12,563,000 12,563,000
Restricted cash 222,000 222,000
Other assets 216,000 305,000
Total assets 35,790,000 35,878,000
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable and accrued liabilities 3,482,000 2,607,000
Due to models 6,812,000 7,057,000
Foreign withholding claim subject to indemnification   428,000
Earn out liability   509,000
Total current liabilities 10,294,000 10,601,000
Amegy credit facility 1,100,000 1,250,000
Deferred income tax liability 2,002,000 2,002,000
Total long-term liabilities 3,102,000 3,252,000
Total liabilities 13,396,000 13,853,000
Common stock, $0.01 par value, 250,000,000 shares authorized; 129,440,752 shares issued at June 30, 2013 and December 31, 2012 1,294,000 1,294,000
Treasury stock (9,770,991 shares), at cost (1,227,000) (1,227,000)
Additional paid-in capital 85,273,000 85,201,000
Accumulated deficit (62,946,000) (63,243,000)
Total shareholders’ equity 22,394,000 22,025,000
Total liabilities and shareholders’ equity $ 35,790,000 $ 35,878,000