RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2014

17.	RELATED PARTY TRANSACTIONS

Pinwrest Development Group, LLC (“Pinwrest”) – 4LC Technology, Inc., wholly owned subsidiary of 4Licensing Corporation, loaned approximately $337 to Pinwrest during 2014. The loan accrues interest at 10% per annum and is payable on demand. The loan and related interest, totaling approximately $337 as of December 31, 2014, are eliminated in consolidation.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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