Prepaid Expenses and Other Current Assets

12 Months Ended

Dec. 31, 2013

Prepaid Expenses and Other Current Assets [Abstract]

Prepaid Expenses and Other Current Assets

6.  Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

(in thousands)	December 31,
	2013		2012
Prepaid expenses	$	630	$	608
Deferred income taxes- current		13		119
Value added tax receivable		409		128
Unrestricted certificates of deposit		-		846
Receivable from sale of 49% stake in GSE-UNIS		1,183		-
Other current assets		1,464		1,511
Total	$	3,699	$	3,212

In 2013, the Company agreed to sell its 49% stake in GSE-UNIS to its partner, Beijing Unis Venture Capital Co., Ltd.  and terminate the joint venture agreement as of July 31, 2013.  The sales price was basically equivalent to the Company's investment in GSE-UNIS as of the closing date.  The Company reclassified $1.2 million from Other Assets to Other Current Assets as of December 31, 2013.