CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 37	$ 235
Accounts receivable - net	54	196
Inventories - net	541	680
Prepaid expenses and other current assets	144	187
Current assets of discontinued operations	0	4
Total current assets	776	1,302
Property and equipment - net	29	38
Intangible assets - net	1,733	1,839
Other assets - net	113	411
Total assets	2,651	3,590
Current liabilities:
Due to licensors	424	279
Accounts payable and accrued expenses	1,468	954
Promissory notes-related party, net of discount of $28	217	0
Current liabilities of discontinued operations	92	114
Total current liabilities	2,201	1,347
Promissory notes-related party, net of discount of $281 and $710 at September 30, 2015 and December 31, 2014, respectively	1,219	940
Derivative warrant liability	466	0
Long-term payable	0	22
Total liabilities	$ 3,886	$ 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 17,102,195 and 15,916,308 shares; outstanding 14,978,308 and 13,792,421 shares at September 30, 2015 and December 31, 2014, respectively	171	159
Additional paid-in capital	72,480	71,062
Accumulated deficit	(21,169)	(17,641)
Shareholders' equity before treasury stock	51,482	53,580
Less cost of 2,123,887 treasury shares at September 30, 2015 and December 31, 2014	(36,488)	(36,488)
Total equity of 4Licensing Corporation shareholders	14,994	17,092
Noncontrolling interests (includes discontinued operations of $(16,177) at September 30, 2015 and December 31, 2014)	(16,229)	(15,811)
Total (deficit) equity	(1,235)	1,281
Total liabilities and (deficit) equity	$ 2,651	$ 3,590