Shift4 Payments 10-Q 13 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 13, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	4Licensing Corp
Entity Central Index Key	58,592
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		14,978,308
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015

CONSOLIDATED BALANCE SHEETS (Un

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

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Liabilities not subject to compromise: [Abstract]
Promissory notes - related party, net of discount	$ 28
Promissory notes - related party, net of discount	$ 281	$ 710
4Licensing Corporation shareholders' equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	17,102,195	15,916,308
Common stock, shares outstanding (in shares)	14,978,308	13,792,421
Treasury shares (in shares)	2,123,887	2,123,887
Discontinued operations included in non-controlling interests	$ (16,177)	$ (16,177)

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net revenues:
Service revenue	$ 27	$ 162	$ 205	$ 645
Product revenue	62	17	192	328
Total net revenues	89	179	397	973
Costs and expenses:
Selling, general and administrative	986	893	2,869	3,365
Cost of product sales	23	8	224	185
Total costs and expenses	1,009	901	3,093	3,550
Loss from operations	(920)	(722)	(2,696)	(2,577)
Other income (expense):
Change in fair value of derivative warrant liability	508	0	1,124	0
Gain on settlement of claims	0	0	0	1,607
Gain on sale of assets	0	27	0	270
Interest expense	(176)	(111)	(1,570)	(214)
Stock issuance cost	0	0	(840)	0
Total other income (expense)	332	(84)	(1,286)	1,663
Loss from continuing operations before reorganization items	(588)	(806)	(3,982)	(914)
Reorganization items	0	(9)	0	(42)
Loss from continuing operations	(588)	(815)	(3,982)	(956)
Income from discontinued operations	22	60	31	385
Net loss	(566)	(755)	(3,951)	(571)
Loss attributable to noncontrolling interests, continuing operations	126	177	423	535
Net income (loss) attributable to 4Licensing Corporation	$ (440)	$ (578)	$ (3,528)	$ (36)
Basic and diluted (loss) earnings per share attributable to 4Licensing Corporation common shareholders
Continuing operations (in dollars per share)	$ (0.03)	$ (0.05)	$ (0.24)	$ (0.03)
Discontinued operations (in dollars per share)	0	0.01	0	0.03
Basic and diluted loss per share attributable to 4Licensing Corporation common shareholders (in dollars per share)	$ (0.03)	$ (0.04)	$ (0.24)	$ 0
Weighted average common shares outstanding - basic (in shares)	14,962,993	13,738,773	14,770,984	13,727,812
Weighted average common shares outstanding - diluted (in shares)	14,962,993	13,738,773	14,770,984	13,727,812

CONSOLIDATED STATEMENT OF EQUIT

CONSOLIDATED STATEMENT OF EQUITY (DEFICIT) (UNAUDITED) - 9 months ended Sep. 30, 2015 - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Less Treasury Stock [Member]	Total Equity of 4Licensing Corporation Shareholders [Member]	Non-controlling Interests [Member]	Total
BALANCE at Dec. 31, 2014	$ 159	$ 71,062	$ (17,641)	$ (36,488)	$ 17,092	$ (15,811)	$ 1,281
BALANCE (in shares) at Dec. 31, 2014	15,916,000						15,916,308
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Capital contribution from noncontrolling interest	$ 0	0	0	0	0	5	$ 5
Stock-based compensation expense	0	257	0	0	257	0	257
Exercise of stock options	$ 1	21	0	0	22	0	22
Exercise of stock options (in shares)	74,000
Warrants issued in connection with debt agreement	$ 0	1,102	0	0	1,102	0	1,102
Issuance of common stock and warrants to investors	$ 11	739	0	0	750	0	750
Issuance of common stock and warrants to investors (in shares)	1,112,000
Stock issuance cost		(750)			(750)		(750)
Shareholder settlement	$ 0	49	0	0	49	0	49
Net loss	0	0	(3,528)	0	(3,528)	(423)	(3,951)
BALANCE at Sep. 30, 2015	$ 171	$ 72,480	$ (21,169)	$ (36,488)	$ 14,994	$ (16,229)	$ (1,235)
BALANCE (in shares) at Sep. 30, 2015	17,102,000						17,102,195

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net loss	$ (3,951)	$ (571)
Income from discontinued operations	(31)	(385)
Loss from continuing operations	(3,982)	(956)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	115	122
Provision for returns and allowances	(9)	0
Loss on disposal of property and equipment	0	1
Non-cash interest expense, including amortization of discount on notes payable and warrants	1,503	167
Non-cash stock issuance cost	840	0
Share-based compensation	257	399
Change in fair value of derivative warrant liability	(1,124)	0
Gain on sale of assets	0	(270)
Inventory writedown	146	63
Changes in operating assets and liabilities:
Inventories - net	(7)	(689)
Accounts receivable	151	184
Prepaid expenses and other current assets	43	11
Other assets - net	298	36
Due to licensors	145	47
Accounts payable and accrued expenses	514	(1,056)
Deferred revenue	0	(7)
Long-term payable	(22)	9
Net cash used in continuing operating activities	(1,132)	(1,939)
Net cash provided (used) by discontinued operating activities	13	(118)
Net cash used in operating activities	(1,119)	(2,057)
Cash flows from investing activities:
Proceeds from sale of certain assets	0	270
Purchase of property and equipment	0	(19)
Net cash provided by investing activities	0	251
Cash flows from financing activities:
Proceeds from issuance of common stock and warrants	750	0
Proceeds from shareholder settlement	49	0
Proceeds from short-term debt	95	0
Capital contribution from noncontrolling interests	5	630
Proceeds from long-term debt	0	1,650
Proceeds from exercise of stock options	22	12
Net cash provided by financing activities	921	2,292
Net (decrease) increase in cash and cash equivalents	(198)	486
Cash and cash equivalents, beginning of period	235	356
Cash and cash equivalents, end of period	37	842
Supplemental schedule of non-cash financing activities
Warrants issued in connection with debt	0	979
Stock issuance cost recorded in equity	$ 750	$ 0

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	9 Months Ended
	Sep. 30, 2015
DESCRIPTION OF BUSINESS [Abstract]
DESCRIPTION OF BUSINESS	1. DESCRIPTION OF BUSINESS General Development and Narrative Description of Business – Emerging from Chapter 11 Bankruptcy Proceedings – The Company emerged from bankruptcy and commenced paying creditors in full in respect of each such creditor’s allowed claims. As of December 31, 2013, all of the allowed claims had been paid. In accordance with the Plan, 4Kids reincorporated in Delaware under the name “4Licensing Corporation.” On the effective date of the Plan, 4Kids’ common stock was cancelled and holders of 4Kids’ common stock were issued one (1) share of common stock of 4LC in exchange for each share of 4Kids’ common stock held by them. On July 23, 2014, the Bankruptcy Court issued a final decree closing the Chapter 11 case of the Company. Financial Reporting Considerations – Liquidity and Going Concern – Since emerging from bankruptcy, the Company has incurred substantial net losses and has used substantial amounts of cash in its operating activities. As a result of the bankruptcy proceedings and despite the $845 proceeds from the issuance of promissory notes, shares of common stock and warrants during the nine months ended September 30, 2015 (see Note 4 of the notes to the Company’s consolidated financial statements) and $200 proceeds from the issuance of a promissory note and warrants in October 2015 (see Note 12 of the notes to the Company’s consolidated financial statements), the Company’s overall cash position as of September 30, 2015 provides only limited liquidity to fund the Company’s day-to-day operations. The Company will consider all alternatives available to generate additional cash to fund its operations, including, but not limited to sales of assets, issuance of equity or debt securities, and other third party arrangements. There can be no assurance that any of these alternatives will generate additional cash. The Company’s consolidated financial statements have been prepared assuming that it will be able to continue to operate as a going concern. The substantial loss from operations incurred in recent years, the Company’s limited liquidity as of September 30, 2015, the costs associated with the further development and launch of products, which could be substantial, and the loan obligations maturing in March 2016 and December 2016, taken together, raise substantial doubt about the Company’s ability to continue as a going concern. The report of the independent registered public accounting firm on the Company’s financial statements for the year ended December 31, 2014 contains an explanatory paragraph referring to a substantial doubt concerning the Company’s ability to continue as a going concern. The Company’s business consists of the following two segments: IsoBLOX™ and Sports Licensing/Distribution – In November 2014, Pinwrest filed a patent application (the “Patent”) with the U.S. Patent Office covering its newly developed body protection systems and devices that can be used to prevent or limit serious injuries from impacts or collisions during an activity. The products covered by this Patent provide body protection systems and devices that can be incorporated into articles of clothing, materials or articles such as seats, linings, or walls of vehicles to reduce the effects of impact. These body protection devices can form part of headgear, gear, or clothing that is designed to cover and protect one or more parts of a person, such as a military or law enforcement individual, or a professional or recreational athlete. The protective material uses a combination of energy dispersion and absorption to diffuse impact on the wearer of the protective gear. The technology covered by the Patent is hereinafter referred to as “IsoBLOX™” technology. After further development, Pinwrest intends to license and distribute the IsoBLOX™ technology in protective gear within the youth, teen and adult markets. 4LC Sports is engaged in the business of licensing and distributing sports related brands. The operations of Pinwrest, 4LC Sports, and 4LC Technology constitute the IsoBLOX™ and Sports Licensing/Distribution business segment of the Company. The Company reports its financial operations from these entities under the new IsoBLOX™ and Sports Licensing/Distribution business segment in its consolidated financial statements. Entertainment and Brand Licensing – Discontinued Operations -

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation – Principles of Consolidation Revenue Recognition Service revenues , which consists of licensing revenues : Licensing revenues, net of licensor participations, are recognized when the underlying royalties from the sales of the related products are earned and determinable. The Company recognizes guaranteed royalties, net of licensor participations at the time the arrangement becomes effective if the Company has met all of the following: (1) no significant direct continuing involvement with the underlying Property or obligation to the licensee, (2) the license period has commenced ; and (3) collectability is reasonably assured. Licensing advances and guaranteed payments collected but not yet earned by the Company are classified as deferred revenue in the accompanying consolidated balance sheets. Product revenues: Property and Equipment – Impairment Of Long-Lived And Intangible Assets – Cash and Cash Equivalents – Fair Value Measurements The fair values of the Company’s financial instruments reflect the estimates of amounts that would be received from selling an asset in an orderly transaction between market participants at the measurement date. The fair value estimates presented in this report are based on information available to the Company as of September 30, 2015 and December 31, 2014. The carrying values of cash and cash equivalents, accounts receivable, due to licensors, accounts payable and accrued expenses approximate fair value. The authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) includes a fair value hierarchy based on three levels of inputs, the first two of which are considered observable and the last of which is considered unobservable, that may be used to measure fair value. The three levels are the following: · Level 1 - Quoted prices in active markets for identical assets or liabilities. · Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. · Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Liabilities measured at fair value on a recurring basis are summarized as follows: Fair value measurement using inputs Carrying amount Level 1 Level 2 Level 3 September 30, 2015 December 31, 2014 Financial instruments: Derivative warrant liability $ — $ — $ 466 $ 466 $ — The following table summarizes the activity for financial instruments at fair value using Level 3 inputs: Balance at December 31, 2014 $ — Issuance of warrants 1,590 Change in fair value recorded in earnings (1,124 ) Balance at September 30, 2015 $ 466 Inventories – Stock-based compensation – Participation Advances Reorganization Items – Operating Leases – Use of Estimates – Certain accounting principles require subjective and complex judgments to be used in the preparation of financial statements. Accordingly, a different financial presentation could result depending on the judgments, estimates, or assumptions that are used. Such estimates and assumptions include, but are not specifically limited to, those required in the assessment of the impairment of long-lived assets, allowance for returns and other customer credits, allowance for doubtful accounts, consideration of inventory obsolescence, valuation allowances for deferred tax assets, valuation of Level 3 financial instruments and determination of stock-based compensation. Debt Discounts – Concentration Of Credit Risk – Income Taxes – Our assessment of the valuation allowance on the deferred tax assets could change in the future based on our levels of pre-tax income and other tax-related adjustments. A change in estimate of the valuation allowance, in whole or in part, would result in a non-cash reduction in income tax expense during the period of the change. Due to the continued losses incurred by the Company in 2015 and prior years, the Company believes that it is more likely than not that the deferred tax asset related to these net operating losses will not be realized and therefore recorded a full valuation allowance. If, in the future, the Company determines that the utilization of these net operating losses becomes more likely than not, the Company will reduce the valuation allowance at that time. Pinwrest is a limited liability company and has elected to be treated as a partnership for income tax purposes. As such, U.S. federal and state income taxes (in the states which tax limited liability companies as partnerships) are the direct responsibility of its members. The Company owns 70% of the membership interests of Pinwrest. Thus, the Company’s respective portion of its activity is reported in the consolidated tax returns of the Company. The discontinued operations of TC Digital and TC Websites are limited liability companies and have elected to be treated as partnerships for income tax purposes. As such, U.S. federal and state income taxes (in the states which tax limited liability companies as partnerships) are the direct responsibility of its members. We own 55% of the membership interests in both entities. Thus, our respective portion of their activity is reported in our consolidated tax returns. Recently Adopted Accounting Standards – Recently Issued Accounting Standards – In August 2014, the FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern", which establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern in connection with preparing financial statements for each annual and interim reporting period. ASU 2014-15 also provides guidance to determine whether to disclose information about relevant conditions and events when there is substantial doubt about an entity’s ability to continue as a going concern. This update is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”, which requires that debt issuance costs be presented in the balance sheet as a direct reduction to the carrying amount of the associated debt liability, consistent with debt discounts. Currently debt issuance costs are recognized as an asset. The ASU is effective for the Company in the first quarter of 2016 and is required to be applied retrospectively. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”. Under this ASU, inventory will be measured at the “lower of cost and net realizable value” and options that currently exist for “market value” will be eliminated. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. ASU 2015-11 is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted and should be applied prospectively. We are currently evaluating the impact that this standard will have on our consolidated financial statements.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2015
INTANGIBLE ASSETS [Abstract]
INTANGIBLE ASSETS	3. INTANGIBLE ASSETS Intangible assets primarily consists of a patent for the IsoBLOX™ technology, which was acquired in February 2013 for a purchase price of $2,100. The intangible assets are being amortized over a fifteen-year period on a straight-line basis. Amortization expense of $35 and $105 has been recorded in Selling, General and Administrative expenses for the three and nine months ended September 30, 2015 and 2014, respectively. The net carrying value of the intangible assets as of September 30, 2015 and December 31, 2014 was $1,733 and $1,839, respectively.

DEBT AND EQUITY FINANCINGS

DEBT AND EQUITY FINANCINGS	9 Months Ended
	Sep. 30, 2015
DEBT AND EQUITY FINANCINGS [Abstract]
DEBT AND EQUITY FINANCINGS	4 . DEBT AND EQUITY FINANCINGS Equity Financing – On March 4, 2015, the Company entered into a Securities Purchase Agreement with certain purchasers (“Buyers”), pursuant to which the Company agreed to issue to Buyers, in the aggregate, (i) 342,467 shares (the “March 2015 Shares”) of its Common Stock, and (ii) warrants (the “March 2015 Warrants”) to purchase up to an additional 684,934 shares of Common Stock, at an exercise price of $0.82 per share, for an aggregate purchase price of $250. The March 2015 Warrants are exercisable immediately and expire 10 years from the date of issuance. On March 4, 2015, the offering closed and the Company sold and issued to Buyers the March 2015 Shares and the March 2015 Warrants and received $250. Due to an adjustment clause affecting the exercise price of both the Initial Warrants and the March 2015 Warrants (together the “Liability Warrants”), which would be reduced upon issuance of Common Stock or deemed Common Stock at a lower price than their then exercise price, the Liability Warrants were determined not to be indexed to the Company’s own Common Stock and were recorded upon issuance as a liability at their fair value. The Warrants and the March 2015 Warrants were valued at approximately $970 and $620 using a Monte Carlo simulation at January 30, 2015 and March 4, 2015, respectively. The fair value of the warrants was recorded as stock issuance cost in the consolidated statement of equity (deficit) and the excess portion of the costs over the actual proceeds was recorded as stock issuance cost in earnings. At September 30, 2015, the Liability Warrants were re-measured at their fair value, using a Monte Carlo simulation, resulting in a fair value of $466. The decrease in fair value was recorded in earnings and amounted to $508 and $1,124 during the three and nine months ended September 30, 2015, respectively. The following assumptions were used in a Monte Carlo simulation to value the Liability Warrants at the time of issuance and the reporting date: Initial Warrants Fair Value Measurements Using Inputs January 30, 2015 September 30, 2015 Stock price $ 0.70 $ 0.25 Exercise price $ 0.72 $ 0.72 Term (years) 10 9.34 Dividend yield — % — % Expected volatility 100 % 100 % Risk-free interest rate 1.67 % 2.04 % March 2015 Warrants Fair Value Measurements Using Inputs March 4, 2015 September 30, 2015 Stock price $ 1.00 $ 0.25 Exercise price $ 0.82 $ 0.82 Term (years) 10 9.43 Dividend yield — % — % Expected volatility 100 % 100 % Risk-free interest rate 2.10 % 2.04 % Promissory Notes, Related Parties – On March 25, 2014, the Offering closed and the Company (i) issued and sold to Cleveland Capital a Note in the principal amount of $150 and a Warrant to purchase up to 153,061 Warrant Shares and received $150, and (ii) issued and sold to Prescott Group a Note in the principal amount of $1,500 and a Warrant to purchase up to 1,530,612 Warrant Shares and received $1,500. The 1,683,673 Warrants issued with the Notes were valued at approximately $1.43 per warrant using the Black-Scholes model at March 25, 2014. The relative fair value of the Warrants of $979 was recorded as a component of stockholders’ equity with the offset recorded as a discount on the Notes and included as a component of long-term debt in the accompanying consolidated balance sheet as of December 31, 2014. The fair value of the Warrants was determined using the Black-Scholes model with the following assumptions: risk free interest rate – 2.75%, volatility – 100.00%, expected term – 10 years, expected dividends – 0%. The debt discount related to the Warrants is being amortized over a two-year period (through maturity) using the effective interest method. Interest expense related to the amortization of the debt discount for the three and nine months ended September 30, 2015 was approximately $153 and $401, respectively, and for the three and nine months ended September 30, 2014 was The Notes accrue interest at a rate of 5.0% per year from and after the date of issuance of such Note, payable quarterly. The interest paid to related parties was $21 and $41 for the three and nine months ended September 30, 2015, respectively. The Notes provide for customary events of default, including nonpayment, certain events of bankruptcy or failure to comply with covenants or other agreements. The Notes will mature on March 25, 2016, except the Prescott Group Note whose maturity date was amended in October 2015 to December 31, 2016 (see Note 12). The Warrants have an initial exercise price of $0.98 per Warrant Share. The Warrants are exercisable immediately and expire ten years from the date of issuance. Under the terms of the Notes, the Company was required to use any proceeds received in connection with the general unsecured creditor claim against Lehman Brothers, Inc. to repay principal and accrued but unpaid interest outstanding under the Notes. In May 2014, the Company sold the claim against Lehman Brothers, Inc. to a third party for $1,607. The Purchasers have waived the obligation to repay principal outstanding under the Notes with the proceeds that were received in connection with the claim. As long as the Notes are outstanding, the Company is required to issue additional warrants if certain events were to occur. As a result of the Securities Purchase Agreements entered into in January and March 2015, the Company issued additional warrants to purchase an aggregate of 1,431,389 shares of Common Stock to Cleveland Capital and Prescott Group, in accordance with its obligations under the Purchase Agreement with the Purchasers with no consideration. The fair value of these warrants amounted to $1,101 and was recorded as additional interest expense during the nine months ended September 30, 2015. The fair value of these warrants was determined using the Black-Scholes model with the following weighted assumptions: risk free interest rate – 1.86%, volatility – 100.24%, expected term – 9 years, expected dividends – 0%. Wade Massad, one of the Company’s former directors, is the Co-Founder and Co-Managing Member of Cleveland Capital Management, L.L.C., which is the General Partner of Cleveland Capital. Cleveland Capital beneficially owns more than 5% of the Common Stock of the Company. Duminda DeSilva, one of the Company’s former directors, was previously a Managing Director at Prescott Group Capital Management, L.L.C., an affiliate of Prescott Group, which beneficially owns more than 5% of the Common Stock of the Company. Effective November 10, 2014, Mr. DeSilva was no longer employed with the Prescott Group. On July 8, 2015, the Company issued a Senior Secured Promissory Note (the “Rudd Note”) to the Leslie G. Rudd Living Trust, which beneficially owns more than 5% of the Common Stock of the Company, in the principal amount of $95. Interest accrues on the Rudd Note at an annual rate of 5.00% and is due and payable on the first business day of each fiscal quarter commencing in the third quarter of 2015. The Rudd Note is collateralized by a senior security interest in substantially all of the Company’s assets, subject to certain exceptions (including any equity interest in Pinwrest) and will mature on March 1, 2016. The Rudd Note may also be mandatorily prepaid if certain funds are received through a distribution or advance repayment from Pinwrest. Warrants outstanding – Warrants Weighted average exercise price Aggregate intrinsic value Weighted average remaining contractual life (years) Outstanding at December 31, 2014 1,683,673 $ 0.98 $ — 8.50 Issued 3,654,785 0.72 — 9.02 Outstanding at September 30, 2015 5,338,458 $ 0.80 $ — 8.86 Warrants exercisable at September 30, 2015 are: Exercise prices Number of shares Remaining life (years) $ 0.98 1,683,673 8.50 0.72 1,538,462 9.33 0.65 854,789 8.50 0.82 684,934 9.42 0.73 576,600 8.50 5,338,458

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2015
STOCK-BASED COMPENSATION [Abstract]
STOCK-BASED COMPENSATION	5 . STOCK-BASED COMPENSATION On February 27, 2013, the Board of Directors authorized the Company’s 2013 Equity Incentive Plan (the “Incentive Plan”), which provides for the grant of non-statutory stock options and restricted shares to eligible employees and directors of the Company. The Incentive Plan authorizes the Company to issue up to 2,600,000 shares of Company’s Common Stock. The Company issues new shares upon the exercise of stock options. Options granted under the Plan generally expire no later than 10 years from the date of grant. The exercise price of any option granted to a 10% stockholder may be no less than 110% of the fair value of the Company’s common stock on the date of grant. As of September 30, 2015, 1,260,050 shares of Common Stock were available for issuance under the Incentive Plan. The Company granted stock options to purchase approximately 840,000 shares of its common stock on April 30, 2014 under the Incentive Plan. The stock options were granted to certain employees, including an executive officer and members of the Board of Directors, at an exercise price of $1.44 per share, and a grant date fair value of $736. These options become fully exercisable over a two-year period (1/3 exercisable on the grant date, 1/3 exercisable one year after the grant date and the remaining 1/3 exercisable two years after the grant date, respectively) and expire on April 30, 2024. The Company granted stock options to purchase approximately 25,000 shares of its common stock on May 12, 2014 under the Incentive Plan. The stock options were granted to a non-employee independent contractor at an exercise price of $1.24 per share, and an aggregate grant date fair value of $24. These options become fully exercisable over a two-year period (1/3 exercisable on the grant date, 1/3 exercisable one year after the grant date and the remaining 1/3 exercisable two years after the grant date) and expire on May 12, 2024. The Company granted stock options to purchase approximately 430,000 shares of its Common Stock on February 10, 2015 under the Incentive Plan. The stock options were granted to certain employees including an executive officer and members of the Board of Directors, at an exercise price of $0.79 per share, and an aggregate grant date fair value of $160. These options become fully exercisable over a two-year period (1/3 exercisable on the grant date, 1/3 exercisable one year after the grant date and the remaining 1/3 exercisable two years after the grant date) and expire on February 10, 2025. The fair values of options granted were estimated on the date of grant using the Black-Scholes Merton option pricing model based on the assumptions included in the table below. The fair value of the Company’s stock option awards is charged to expense over the vesting life of the underlying stock options using the straight-line method. Expected volatility is based on the historical volatility of the Company’s Common Stock. The risk-free interest rate for periods within the contractual life of the stock option award is based on the yield of U.S. Treasury bonds on the grant date with a maturity equal to the expected term of the stock option. The expected life of stock option awards granted to employees and non-employee directors is based upon the “simplified” method for “plain vanilla” options described in SEC Staff Accounting Bulletin No. 107, as amended by SEC Staff Accounting Bulletin No. 110. Forfeiture rates are based on management’s estimates Nine months ended September 30, 2015 Nine months ended September 30, 2014 Expected volatility 101 % 79 % Expected dividend yield 0.00 % 0.00 % Weighted average risk-free interest rate 1.52 % 1.81 % Expected life 5.50 years 5.50 years Forfeiture rate 0 % 0 % Stock Options (In thousands) Weighted Average Exercise Price Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2014 1,503 $ 0.85 Grants 430 0.79 Exercised (74 ) (0.30 ) Forfeited, cancelled or expired (671 ) 0.92 Outstanding at September 30, 2015 1,188 $ 0.82 6 $ — Exercisable at September 30, 2015 927 $ 0.76 5 $ — The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the closing price of our Common Stock on the date of determination for those awards that have an exercise price currently below the closing price. During the nine months ended September 30, 2015 and 2014, there were 74,189 and 28,934 stock options exercised under the Incentive Plan with an intrinsic value of $19 and $25, respectively. Total stock-based compensation recorded for the three and nine months ended September 30, 2015 was $13 and $257, respectively, and for the three and nine months ended September 30, 2014 was $76 and $399, respectively, and is included in selling, general and administrative expenses.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2015
INCOME TAXES [Abstract]
INCOME TAXES	6. INCOME TAXES The Company and its wholly-owned subsidiaries file income tax returns in the United States. Income tax expense (benefit) is determined using the asset and liability method. Deferred income taxes are recognized at currently enacted tax rates for the expected future tax consequences attributable to temporary differences between amounts reported for income tax purposes and financial reporting purposes. The Company records a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company has not recorded any liability for unrecognized tax benefits. No benefit from income taxes was recorded for the three and nine months ended September 30, 2015 and 2014 as it is more likely than not that the Company will not be able to realize its deferred tax asset. The Company is no longer subject to examinations by income tax authorities in most jurisdictions for years prior to 2012.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2015
EARNINGS (LOSS) PER SHARE [Abstract]
EARNINGS (LOSS) PER SHARE	7. EARNINGS (LOSS) PER SHARE The Company computes basic Earnings (Loss) Per Share (“EPS”) based solely on the weighted average number of shares of its Common Stock outstanding during the period. Diluted EPS reflects all potential dilution of Common Stock. For the three and nine months ended September 30, 2015, 4,303,395 shares attributable to outstanding options and equity warrants and 2,223,396 shares attributable to Liability Warrants were excluded from the calculation of diluted EPS because the effect was antidilutive. For the three and nine months ended September 30, 2014, 3,424,739 shares attributable to outstanding options and equity warrants, were excluded from the calculation of diluted EPS because the effect was antidilutive.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	9 Months Ended
	Sep. 30, 2015
DISCONTINUED OPERATIONS [Abstract]
DISCONTINUED OPERATIONS	8. DISCONTINUED OPERATIONS Discontinued operations includes the advertising media and broadcast operations and television and film production/distribution operations discontinued in June 2012 upon the sale of most of their assets during the Bankruptcy Proceedings, and the trading card and game distribution operations. The following are the summarized results of discontinued operations for the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net revenues $ — $ — $ — $ — Total income 22 60 31 385 Income from discontinued operations $ 22 $ 60 $ 31 $ 385 The income from discontinued operations for the nine months ended September 30, 2015 and 2014 was primarily the result of the reversal of liabilities upon the settlement of claims. The major classes of assets and liabilities of the discontinued operations on the balance sheet are as follows: September 30, 2015 December 31, 2014 ASSETS Accounts receivable – net $ — $ 4 Current assets of discontinued operations $ — $ 4 LIABILITIES Accounts payable and accrued expenses $ 92 $ 114 Current liabilities of discontinued operations $ 92 $ 114 Noncontrolling interest from discontinued operations The trading card and game distribution operations were conducted through entities that included noncontrolling interests. As of January 1, 2009, all earnings and losses of a subsidiary are attributed to both the parent and the noncontrolling interest, interest’s a) TC Digital Games LLC - As of September 30, 2015, the loss in excess of noncontrolling interest for TC Digital absorbed by 4Kids Digital, in the aggregate, since the formation of such entity is $21,534. b) TC Websites LLC - As of September 30, 2015, the loss in excess of noncontrolling interest for TC Websites absorbed by 4Kids Websites, in the aggregate, since the formation of such entity is $6,019.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS	9 Months Ended
	Sep. 30, 2015
LEGAL PROCEEDINGS [Abstract]
LEGAL PROCEEDINGS	9. LEGAL PROCEEDINGS The Company, from time to time, is involved in litigation, contract disputes and claims arising in the ordinary course of its business. The Company does not believe that it is currently subject to any litigation or claims that will, individually or in the aggregate, have a material adverse effect on the Company’s financial position or the results of its operations or cash flows.

NONCONTROLLING INTEREST

NONCONTROLLING INTEREST	9 Months Ended
	Sep. 30, 2015
NONCONTROLLING INTEREST [Abstract]
NONCONTROLLING INTEREST	10. NONCONTROLLING INTEREST On January 17, 2013, 4LC Technology and certain other investors entered into an operating agreement of Pinwrest, with 4LC Technology owning 70% of Pinwrest’s membership interests and the minority members owning 30% of Pinwrest’s membership interests. Pinwrest is treated as a consolidated subsidiary of the Company as a result of its majority ownership. Noncontrolling interest of membership units in Pinwrest represents the minority members’ proportionate share of the equity in the entity. Income is allocated to the membership units’ minority interest based on the ownership percentage throughout the year. The following table summarizes the noncontrolling interest’s loss attributable to the noncontrolling equity interest in Pinwrest: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Pinwrest net loss before common units’ noncontrolling interest $ (419 ) $ (591 ) $ (1,410 ) $ (1,785 ) Noncontrolling interest percentage 30 % 30 % 30 % 30 % Loss attributable to noncontrolling interest $ (126 ) $ (177 ) $ (423 ) $ (535 )

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2015
RELATED PARTY TRANSACTIONS [Abstract]
RELATED PARTY TRANSACTIONS	11. RELATED PARTY TRANSACTIONS Pinwrest Development Group, LLC –

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2015
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	12. SUBSEQUENT EVENTS On October 23, 2015, the Company entered into an amendment (including the related Security Agreement, the “Amendment”) to the promissory note (the “Old Prescott Note”) previously issued to Prescott Group pursuant to the Purchase Agreement. Pursuant to the Amendment, the Company and the Guarantors granted Prescott Group a security interest in substantially all of the Company’s and the Guarantors’ assets, subject to certain exceptions (including any equity interest in Pinwrest), and agreed to certain limitations on the sale or transfer of and the ability to incur liens on certain assets of the Company and the Guarantors. In exchange, Prescott Group agreed to (i) extend the maturity date of the Old Prescott Note from March 25, 2016 to December 31, 2016 and (ii) remove the prepayment penalty under the Old Prescott Note that required the Company, in the event that it elected to repay the Old Prescott Note prior to December 31, 2016, to pay 125% of the entire outstanding principal balance of the Old Prescott Note, plus any and all unpaid accrued interest thereon to, but excluding, the date of such prepayment. Additionally, on October 23, 2015, the Company and the Guarantors issued Prescott Group (i) a Senior Secured Promissory Note (the “New Prescott Note”) and (ii) warrants to purchase up to an aggregate of 800,000 shares of the Company’s Common Stock for an aggregate purchase price of $200,000. The warrants have an initial exercise price of $0.25 per share, are exercisable immediately and expire on March 25, 2024. In connection with the issuance of these warrants, both Prescott Group and Cleveland Capital agreed to waive their right to receive additional warrants of the Company pursuant to their rights under the Purchase Agreement. The New Prescott Note matures on December 31, 2016 and accrues interest at a rate of 5% per year which is due and payable on the first business day of each fiscal quarter commencing in the first quarter of 2016. The New Prescott Note may be prepaid at any time without prepayment penalty or premium. If the New Prescott Note is not repaid in full by December 31, 2016, Prescott Group may elect to receive all or a portion of such repayment in shares of Common Stock.

SEGMENT AND RELATED INFORMATION

SEGMENT AND RELATED INFORMATION	9 Months Ended
	Sep. 30, 2015
SEGMENT AND RELATED INFORMATION [Abstract]
SEGMENT AND RELATED INFORMATION	13. SEGMENT AND RELATED INFORMATION The Company has two reportable segments: (i) Entertainment and Brand Licensing and (ii) IsoBLOX™ Entertainment and Brand Licensing IsoBLOX™ and Sports Licensing/ Distribution Total Three Months Ended September 30, 2015: Net revenues from external customers $ 27 $ 62 $ 89 Segment loss (186 ) (402 ) (588 ) 2014: Net revenues from external customers $ 149 $ 30 $ 179 Reorganization items (9 ) — (9 ) Segment loss (189 ) (626 ) (815 ) Nine Months Ended September 30, 2015: Net revenues from external customers $ 205 $ 192 $ 397 Segment loss (2,609 ) (1,373 ) (3,982 ) Segment assets 254 2,397 2,651 2014: Net revenues from external customers $ 611 $ 362 $ 973 Reorganization items (42 ) — (42 ) Segment income (loss) 910 (1,866 ) (956 ) Segment assets 1,000 3,235 4,235 Segment income from discontinued operations has been excluded and is disclosed in Note 8 of the notes to the Company’s consolidated financial statements. Additionally, segment assets relating to discontinued operations of $1 at September 30, 2014, has also been excluded from segment reporting.

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Basis of Presentation	Basis of Presentation –
Principles of Consolidation	Principles of Consolidation
Revenue Recognition	Revenue Recognition Service revenues , which consists of licensing revenues : Licensing revenues, net of licensor participations, are recognized when the underlying royalties from the sales of the related products are earned and determinable. The Company recognizes guaranteed royalties, net of licensor participations at the time the arrangement becomes effective if the Company has met all of the following: (1) no significant direct continuing involvement with the underlying Property or obligation to the licensee, (2) the license period has commenced ; and (3) collectability is reasonably assured. Licensing advances and guaranteed payments collected but not yet earned by the Company are classified as deferred revenue in the accompanying consolidated balance sheets. Product revenues:
Property and Equipment	Property and Equipment –
Impairment Of Long-Lived And Intangible Assets	Impairment Of Long-Lived And Intangible Assets –
Cash and Cash Equivalents	Cash and Cash Equivalents –
Fair Value Measurements	Fair Value Measurements The fair values of the Company’s financial instruments reflect the estimates of amounts that would be received from selling an asset in an orderly transaction between market participants at the measurement date. The fair value estimates presented in this report are based on information available to the Company as of September 30, 2015 and December 31, 2014. The carrying values of cash and cash equivalents, accounts receivable, due to licensors, accounts payable and accrued expenses approximate fair value. The authoritative guidance issued by the Financial Accounting Standards Board (“FASB”) includes a fair value hierarchy based on three levels of inputs, the first two of which are considered observable and the last of which is considered unobservable, that may be used to measure fair value. The three levels are the following: · Level 1 - Quoted prices in active markets for identical assets or liabilities. · Level 2 - Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. · Level 3 - Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Liabilities measured at fair value on a recurring basis are summarized as follows: Fair value measurement using inputs Carrying amount Level 1 Level 2 Level 3 September 30, 2015 December 31, 2014 Financial instruments: Derivative warrant liability $ — $ — $ 466 $ 466 $ — The following table summarizes the activity for financial instruments at fair value using Level 3 inputs: Balance at December 31, 2014 $ — Issuance of warrants 1,590 Change in fair value recorded in earnings (1,124 ) Balance at September 30, 2015 $ 466
Inventories	Inventories –
Stock-based compensation	Stock-based compensation –
Participation Advances	Participation Advances
Reorganization Items	Reorganization Items –
Operating Leases	Operating Leases –
Use of Estimates	Use of Estimates – Certain accounting principles require subjective and complex judgments to be used in the preparation of financial statements. Accordingly, a different financial presentation could result depending on the judgments, estimates, or assumptions that are used. Such estimates and assumptions include, but are not specifically limited to, those required in the assessment of the impairment of long-lived assets, allowance for returns and other customer credits, allowance for doubtful accounts, consideration of inventory obsolescence, valuation allowances for deferred tax assets, valuation of Level 3 financial instruments and determination of stock-based compensation.
Debt Discounts	Debt Discounts –
Concentration Of Credit Risk	Concentration Of Credit Risk –
Income Taxes	Income Taxes – Our assessment of the valuation allowance on the deferred tax assets could change in the future based on our levels of pre-tax income and other tax-related adjustments. A change in estimate of the valuation allowance, in whole or in part, would result in a non-cash reduction in income tax expense during the period of the change. Due to the continued losses incurred by the Company in 2015 and prior years, the Company believes that it is more likely than not that the deferred tax asset related to these net operating losses will not be realized and therefore recorded a full valuation allowance. If, in the future, the Company determines that the utilization of these net operating losses becomes more likely than not, the Company will reduce the valuation allowance at that time. Pinwrest is a limited liability company and has elected to be treated as a partnership for income tax purposes. As such, U.S. federal and state income taxes (in the states which tax limited liability companies as partnerships) are the direct responsibility of its members. The Company owns 70% of the membership interests of Pinwrest. Thus, the Company’s respective portion of its activity is reported in the consolidated tax returns of the Company. The discontinued operations of TC Digital and TC Websites are limited liability companies and have elected to be treated as partnerships for income tax purposes. As such, U.S. federal and state income taxes (in the states which tax limited liability companies as partnerships) are the direct responsibility of its members. We own 55% of the membership interests in both entities. Thus, our respective portion of their activity is reported in our consolidated tax returns.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards –
Recently Issued Accounting Standards	Recently Issued Accounting Standards – In August 2014, the FASB issued ASU No. 2014-15, "Presentation of Financial Statements-Going Concern", which establishes management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern in connection with preparing financial statements for each annual and interim reporting period. ASU 2014-15 also provides guidance to determine whether to disclose information about relevant conditions and events when there is substantial doubt about an entity’s ability to continue as a going concern. This update is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”, which requires that debt issuance costs be presented in the balance sheet as a direct reduction to the carrying amount of the associated debt liability, consistent with debt discounts. Currently debt issuance costs are recognized as an asset. The ASU is effective for the Company in the first quarter of 2016 and is required to be applied retrospectively. Early adoption is permitted. We are currently evaluating the impact that this standard will have on our consolidated financial statements. In July 2015, the FASB issued ASU 2015-11, “Simplifying the Measurement of Inventory”. Under this ASU, inventory will be measured at the “lower of cost and net realizable value” and options that currently exist for “market value” will be eliminated. The ASU defines net realizable value as the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. No other changes were made to the current guidance on inventory measurement. ASU 2015-11 is effective for interim and annual periods beginning after December 15, 2016. Early application is permitted and should be applied prospectively. We are currently evaluating the impact that this standard will have on our consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN21

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Liabilities measured at fair value on recurring basis	Liabilities measured at fair value on a recurring basis are summarized as follows: Fair value measurement using inputs Carrying amount Level 1 Level 2 Level 3 September 30, 2015 December 31, 2014 Financial instruments: Derivative warrant liability $ — $ — $ 466 $ 466 $ —
Activity for financial instruments at fair value using Level 3 inputs	The following table summarizes the activity for financial instruments at fair value using Level 3 inputs: Balance at December 31, 2014 $ — Issuance of warrants 1,590 Change in fair value recorded in earnings (1,124 ) Balance at September 30, 2015 $ 466

DEBT AND EQUITY FINANCINGS (Tab

DEBT AND EQUITY FINANCINGS (Tables)	9 Months Ended
	Sep. 30, 2015
DEBT AND EQUITY FINANCINGS [Abstract]
Fair value assumptions used to value Liability Warrants	The following assumptions were used in a Monte Carlo simulation to value the Liability Warrants at the time of issuance and the reporting date: Initial Warrants Fair Value Measurements Using Inputs January 30, 2015 September 30, 2015 Stock price $ 0.70 $ 0.25 Exercise price $ 0.72 $ 0.72 Term (years) 10 9.34 Dividend yield — % — % Expected volatility 100 % 100 % Risk-free interest rate 1.67 % 2.04 % March 2015 Warrants Fair Value Measurements Using Inputs March 4, 2015 September 30, 2015 Stock price $ 1.00 $ 0.25 Exercise price $ 0.82 $ 0.82 Term (years) 10 9.43 Dividend yield — % — % Expected volatility 100 % 100 % Risk-free interest rate 2.10 % 2.04 %
Warrants outstanding and exercisable	The following table summarizes warrants to purchase common stock that are outstanding as of September 30, 2015: Warrants Weighted average exercise price Aggregate intrinsic value Weighted average remaining contractual life (years) Outstanding at December 31, 2014 1,683,673 $ 0.98 $ — 8.50 Issued 3,654,785 0.72 — 9.02 Outstanding at September 30, 2015 5,338,458 $ 0.80 $ — 8.86
Summary of warrants exercisable	Warrants exercisable at September 30, 2015 are: Exercise prices Number of shares Remaining life (years) $ 0.98 1,683,673 8.50 0.72 1,538,462 9.33 0.65 854,789 8.50 0.82 684,934 9.42 0.73 576,600 8.50 5,338,458

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2015
STOCK-BASED COMPENSATION [Abstract]
Assumptions used in estimating fair values of options granted	Nine months ended September 30, 2015 Nine months ended September 30, 2014 Expected volatility 101 % 79 % Expected dividend yield 0.00 % 0.00 % Weighted average risk-free interest rate 1.52 % 1.81 % Expected life 5.50 years 5.50 years Forfeiture rate 0 % 0 %
Summary of activity under stock option plans	Stock Options (In thousands) Weighted Average Exercise Price Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands) Outstanding at December 31, 2014 1,503 $ 0.85 Grants 430 0.79 Exercised (74 ) (0.30 ) Forfeited, cancelled or expired (671 ) 0.92 Outstanding at September 30, 2015 1,188 $ 0.82 6 $ — Exercisable at September 30, 2015 927 $ 0.76 5 $ —

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	9 Months Ended
	Sep. 30, 2015
DISCONTINUED OPERATIONS [Abstract]
Summary of results of operations and balance sheet position of the discontinued operations	The following are the summarized results of discontinued operations for the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net revenues $ — $ — $ — $ — Total income 22 60 31 385 Income from discontinued operations $ 22 $ 60 $ 31 $ 385 The major classes of assets and liabilities of the discontinued operations on the balance sheet are as follows: September 30, 2015 December 31, 2014 ASSETS Accounts receivable – net $ — $ 4 Current assets of discontinued operations $ — $ 4 LIABILITIES Accounts payable and accrued expenses $ 92 $ 114 Current liabilities of discontinued operations $ 92 $ 114

NONCONTROLLING INTEREST (Tables

NONCONTROLLING INTEREST (Tables)	9 Months Ended
	Sep. 30, 2015
NONCONTROLLING INTEREST [Abstract]
Non controlling interest's loss attributable to the non controlling equity interest	The following table summarizes the noncontrolling interest’s loss attributable to the noncontrolling equity interest in Pinwrest: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Pinwrest net loss before common units’ noncontrolling interest $ (419 ) $ (591 ) $ (1,410 ) $ (1,785 ) Noncontrolling interest percentage 30 % 30 % 30 % 30 % Loss attributable to noncontrolling interest $ (126 ) $ (177 ) $ (423 ) $ (535 )

SEGMENT AND RELATED INFORMATI26

SEGMENT AND RELATED INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2015
SEGMENT AND RELATED INFORMATION [Abstract]
Segment reporting information, by segment	The Company has two reportable segments: (i) Entertainment and Brand Licensing and (ii) IsoBLOX™ Entertainment and Brand Licensing IsoBLOX™ and Sports Licensing/ Distribution Total Three Months Ended September 30, 2015: Net revenues from external customers $ 27 $ 62 $ 89 Segment loss (186 ) (402 ) (588 ) 2014: Net revenues from external customers $ 149 $ 30 $ 179 Reorganization items (9 ) — (9 ) Segment loss (189 ) (626 ) (815 ) Nine Months Ended September 30, 2015: Net revenues from external customers $ 205 $ 192 $ 397 Segment loss (2,609 ) (1,373 ) (3,982 ) Segment assets 254 2,397 2,651 2014: Net revenues from external customers $ 611 $ 362 $ 973 Reorganization items (42 ) — (42 ) Segment income (loss) 910 (1,866 ) (956 ) Segment assets 1,000 3,235 4,235

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details) - Debtors' Joint Plan of Reorganization [Member]	12 Months Ended
	Dec. 31, 2013shares
4Licensing Corporation [Member]
Conversion of Stock [Line Items]
Shares issued (in shares)	1
4Kids Entertainment, Inc. [Member]
Conversion of Stock [Line Items]
Shares converted (in shares)	1

DESCRIPTION OF BUSINESS, SEGMEN

DESCRIPTION OF BUSINESS, SEGMENTS (Details) $ in Thousands	1 Months Ended	9 Months Ended
	Oct. 31, 2015USD ($)	Sep. 30, 2015USD ($)Segment
DESCRIPTION OF BUSINESS [Abstract]
Number of reportable segments | Segment		2
Proceeds from issuance of promissory notes, common stock and warrants		$ 845
Chapter 11 Bankruptcy Proceedings [Abstract]
Proceeds from issuance of promissory notes and warrants		$ 845
Subsequent Event [Member]
DESCRIPTION OF BUSINESS [Abstract]
Proceeds from issuance of promissory notes, common stock and warrants	$ 200
Chapter 11 Bankruptcy Proceedings [Abstract]
Proceeds from issuance of promissory notes and warrants	$ 200
Pinwrest Development Group LLC [Member]
Chapter 11 Bankruptcy Proceedings [Abstract]
Percentage of ownership		70.00%

SUMMARY OF SIGNIFICANT ACCOUN29

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Principles of Consolidation [Abstract]
Minimum percentage of ownership interest in subsidiaries	50.00%
Revenue Recognition [Abstract]
Customer's allowance in accounts payable and accrued expenses	$ 213		$ 213
Financial instruments: [Abstract]
Derivative warrant liability	466		0
Activity for financial instruments at fair value using Level 3 inputs [Roll Forward]
Beginning Balance	0
Issuance of warrants	1,590
Change in fair value recorded in earnings	(1,124)
Ending Balance	466		0
Inventories [Abstract]
Inventory	541		680
Inventory of finished goods	9		145
Inventory of raw materials	532		535
Inventory writedown	146	$ 63
Participation Advances [Abstract]
Participation advances	$ 0		287
Pinwrest Development Group LLC [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in subsidiaries	70.00%
Minimum [Member]
Property and Equipment [Line Items]
Estimated useful lives of the assets	3 years
Maximum [Member]
Property and Equipment [Line Items]
Estimated useful lives of the assets	10 years
Cash and Cash Equivalents [Line Items]
Insurance coverage per depositor	$ 250
Recurring [Member] | Carrying Value [Member]
Financial instruments: [Abstract]
Derivative warrant liability	466		$ 0
Recurring [Member] | Level 1 [Member]
Financial instruments: [Abstract]
Derivative warrant liability	0
Recurring [Member] | Level 2 [Member]
Financial instruments: [Abstract]
Derivative warrant liability	0
Recurring [Member] | Level 3 [Member]
Financial instruments: [Abstract]
Derivative warrant liability	$ 466
TC Digital [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in subsidiaries	55.00%
TC Websites LLC [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership in subsidiaries	55.00%

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - Patent for IsoBLOX [Member] - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Acquisition purchase price	$ 2,100
Amortization period of intangible asset				15 years
Amortization expense		$ 35	$ 35	$ 105	$ 105
Net carrying value of intangible asset		$ 1,733		$ 1,733		$ 1,839

DEBT AND EQUITY FINANCINGS (Det

DEBT AND EQUITY FINANCINGS (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 04, 2015	Jan. 30, 2015	Dec. 31, 2014	Mar. 25, 2014	May. 31, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Sep. 30, 2015	Jul. 08, 2015	Mar. 04, 2015	Jan. 30, 2015	Dec. 31, 2014	Mar. 25, 2014
Closed offering [Abstract]
Proceeds from issuance of shares								$ 750	$ 0
Debt Instrument [Abstract]
Interest rate																5.00%
Maturity date								Mar. 25, 2016
Interest paid to related parties						$ 21		$ 41
Derivative warrant liability											$ 466				$ 0
Increase (decrease) in fair value of warrants						(508)	$ 0	(1,124)	0
Fair value of warrants								750
Amortization of debt discount						$ 153	$ 89	$ 401	$ 167
Lehman Brothers, Inc. Claim [Member]
Debt Instrument [Abstract]
Unsecured claim amount to third party					$ 1,607
Warrants [Member]
Securities Purchase Agreement [Abstract]
Warrants issued to purchase shares of common stock (in shares)			1,683,673			5,338,458		1,683,673		1,683,673	5,338,458				1,683,673
Debt Instrument [Abstract]
Purchase Agreement, expiry date								Jan. 30, 2025
Derivative warrant liability											$ 466
Increase (decrease) in fair value of warrants						$ (508)		$ (1,124)
Fair value of warrants		$ 970						$ 1,101		$ 979
Fair value assumptions and methodology for warrants [Abstract]
Exercise price (in dollars per share)			$ 0.98			$ 0.80		$ 0.98		$ 0.98	$ 0.80				$ 0.98
Term of warrants								9 years		10 years
Dividend yield								0.00%		0.00%
Expected volatility rate								100.24%		100.00%
Risk free interest rate								1.86%		2.75%
Amortization period										2 years
Number of Warrants [Roll Forward]
Outstanding, Beginning balance (in shares)								1,683,673
Issued (in shares)								3,654,785
Outstanding, Ending balance (in shares)			1,683,673			5,338,458		5,338,458		1,683,673
Weighted Average Exercise Price [Abstract]
Outstanding, Beginning balance (in dollars per share)								$ 0.98
Issued (in dollars per share)								0.72
Outstanding, Ending balance (in dollars per share)			$ 0.98			$ 0.80		$ 0.80		$ 0.98
Aggregate Intrinsic Value [Abstract]
Warrants, Beginning balance								$ 0
Issued								0
Outstanding, Ending balance			$ 0			$ 0		$ 0		$ 0
Weighted Average Remaining Contractual Life [Abstract]
Remaining life			8 years 6 months					8 years 10 months 10 days
Issued								9 years 7 days
Initial Warrants [Member]
Fair value assumptions and methodology for warrants [Abstract]
Stock price (in dollars per share)											0.25			$ 0.70
Exercise price (in dollars per share)		$ 0.72				$ 0.72		$ 0.72			0.72			$ 0.72
Term of warrants		10 years						9 years 4 months 2 days
Dividend yield		0.00%						0.00%
Expected volatility rate		100.00%						100.00%
Risk free interest rate		1.67%						2.04%
Weighted Average Exercise Price [Abstract]
Outstanding, Ending balance (in dollars per share)		$ 0.72				0.72		$ 0.72
March 2015 Warrant [Member]
Debt Instrument [Abstract]
Fair value of warrants	$ 620
Fair value assumptions and methodology for warrants [Abstract]
Stock price (in dollars per share)											0.25		$ 1
Exercise price (in dollars per share)	$ 0.82					0.82		$ 0.82			$ 0.82		$ 0.82
Term of warrants	10 years							9 years 5 months 5 days
Dividend yield	0.00%							0.00%
Expected volatility rate	100.00%							100.00%
Risk free interest rate	2.10%							2.04%
Weighted Average Exercise Price [Abstract]
Outstanding, Ending balance (in dollars per share)	$ 0.82					$ 0.82		$ 0.82
Purchasers [Member]
Securities Purchase Agreement [Abstract]
Aggregate purchase price amount													$ 250	$ 500
Purchasers [Member] | Maximum [Member]
Securities Purchase Agreement [Abstract]
Aggregate purchase price amount																$ 1,650
Debt issuance, promissory note, principal																$ 1,650
Purchasers [Member] | Warrants [Member]
Securities Purchase Agreement [Abstract]
Warrants issued to purchase shares of common stock (in shares)						1,431,389		1,431,389			1,431,389
Number of Warrants [Roll Forward]
Outstanding, Ending balance (in shares)						1,431,389		1,431,389
Purchasers [Member] | Warrants [Member] | Maximum [Member]
Securities Purchase Agreement [Abstract]
Warrants issued to purchase shares of common stock (in shares)				1,683,673												1,683,673
Warrants valued (in dollars per share)																$ 1.43
Number of Warrants [Roll Forward]
Outstanding, Ending balance (in shares)				1,683,673
Purchasers [Member] | Stock Option [Member]
Securities Purchase Agreement [Abstract]
Aggregate purchase price amount														$ 4,500
Warrants issued to purchase shares of common stock (in shares)		6,923,077												6,923,077
Number of Warrants [Roll Forward]
Outstanding, Ending balance (in shares)		6,923,077
Purchasers [Member] | March 2015 Shares [Member]
Securities Purchase Agreement [Abstract]
Common shares reserved for future issuance (in shares)													342,467
Prescott Group [Member]
Closed offering [Abstract]
Debt instrument, principal amount																$ 1,500
Debt Instrument [Abstract]
Maturity date								Dec. 31, 2016
Prescott Group [Member] | Senior Secured Promissory Note [Member]
Debt Instrument [Abstract]
Interest rate											5.00%
Prescott Group [Member] | Warrants [Member]
Closed offering [Abstract]
Warrant issuance, to purchase shares (in shares)				1,530,612
Proceeds from issuance of warrants				$ 1,500
Cleveland Capital Management [Member]
Closed offering [Abstract]
Debt instrument, principal amount																$ 150
Proceeds from issuance of shares	$ 250
Cleveland Capital Management [Member] | Director - Wade Massad [Member]
Debt Instrument [Abstract]
Beneficial ownership of common shares in excess of																5.00%
Cleveland Capital Management [Member] | Director - Duminda DeSilva [Member]
Debt Instrument [Abstract]
Beneficial ownership of common shares in excess of																5.00%
Cleveland Capital Management [Member] | Warrants [Member]
Closed offering [Abstract]
Warrant issuance, to purchase shares (in shares)				153,061
Proceeds from issuance of shares		$ 500
Proceeds from issuance of warrants				$ 150
Leslie G Living Trust [Member]
Securities Purchase Agreement [Abstract]
Common shares reserved for future issuance (in shares)											769,231
Leslie G Living Trust [Member] | Senior Secured Promissory Note [Member]
Closed offering [Abstract]
Debt instrument, principal amount												$ 95
Debt Instrument [Abstract]
Interest rate												5.00%
Maturity date								Mar. 1, 2016
Beneficial ownership of common shares in excess of												5.00%

DEBT AND EQUITY FINANCINGS, War

DEBT AND EQUITY FINANCINGS, Warrants By Exercise Price Range (Details) - $ / shares	Dec. 31, 2014	Sep. 30, 2015	Mar. 04, 2015	Jan. 30, 2015
Warrants [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)	$ 0.98	$ 0.80
Number of shares (in shares)	1,683,673	5,338,458
Remaining life	8 years 6 months	8 years 10 months 10 days
Warrants [Member] | Exercise Price Range One [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)		$ 0.98
Number of shares (in shares)		1,683,673
Remaining life		8 years 6 months
Warrants [Member] | Exercise Price Range Two [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)		$ 0.72
Number of shares (in shares)		1,538,462
Remaining life		9 years 3 months 29 days
Warrants [Member] | Exercise Price Range Three [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)		$ 0.65
Number of shares (in shares)		854,789
Remaining life		8 years 6 months
Warrants [Member] | Exercise Price Range Four [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)		$ 0.82
Number of shares (in shares)		684,934
Remaining life		9 years 5 months 1 day
Warrants [Member] | Exercise Price Range Five [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)		$ 0.73
Number of shares (in shares)		576,600
Remaining life		8 years 6 months
Warrants [Member] | Exercise Price Range Six [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Number of shares (in shares)		5,338,458
Initial Warrants [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)		$ 0.72		$ 0.72
March 2015 Warrant [Member]
Shares Authorized under Warrants, Exercise Price Range [Line Items]
Exercise prices (in dollars per share)		$ 0.82	$ 0.82

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 10, 2015	May. 12, 2014	Apr. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Assumptions used in estimating fair values of options granted [Abstract]
Unrecognized stock compensation expense				$ 116		$ 116
Unrecognized stock compensation expense period						1 year
Selling, General and Administrative Expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense				$ 13	$ 76	$ 257	$ 399
2013 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock authorized for issuance (in shares)				2,600,000		2,600,000
Common stock available for future issuance (in shares)				1,260,050		1,260,050
2013 Equity Incentive Plan [Member] | Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted exercise right period						10 years
Stockholder ownership classification, for exercise price conditions				10.00%		10.00%
Grant date fair value	$ 160	$ 24	$ 736
Option awards vesting on the date of issuance, 1 year after issuance and 2 years after issuance, respectively	33.33%	33.33%	33.33%
Stock options expiration date	Feb. 10, 2025	May 12, 2024	Apr. 30, 2024
Intrinsic value of shares exercised				$ 19	$ 25	$ 19	$ 25
Assumptions used in estimating fair values of options granted [Abstract]
Expected volatility						101.00%	79.00%
Expected dividend yield						0.00%	0.00%
Weighted average risk-free interest rate						1.52%	1.81%
Expected life						5 years 6 months	5 years 6 months
Forfeiture rate						0.00%	0.00%
Number of Shares [Roll Forward]
Outstanding, Beginning balance (in shares)						1,503,000
Grants (in shares)	430,000	25,000	840,000			430,000
Exercised (in shares)						(74,000)	28,934
Forfeited, cancelled or expired (in shares)						(671,000)
Outstanding, Ending balance (in shares)				1,188,000		1,188,000
Exercisable (in shares)				927,000		927,000
Weighted Average Exercise Price [Roll Forward]
Outstanding, Beginning balance (in dollars per share)						$ 0.85
Grants (in dollars per share)	$ 0.79	$ 1.24	$ 1.44			0.79
Exercised (in dollars per share)						(0.30)
Forfeited, cancelled or expired (in dollars per share)						0.92
Outstanding, Ending balance (in dollars per share)				$ 0.82		0.82
Exercisable (in dollars per share)				$ 0.76		$ 0.76
Options, Additional Disclosures [Abstract]
Outstanding, Remaining Contractual Life						6 years
Exercisable, Remaining Contractual Life	2 years	2 years	2 years			5 years
Outstanding, Aggregate Intrinsic Value				$ 0		$ 0
Exercisable, Aggregate Intrinsic Value				$ 0		$ 0
2013 Equity Incentive Plan [Member] | Stock Options [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
10% Stockholder exercise price of any option to fair value of common shares				110.00%		110.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
INCOME TAXES [Abstract]
Income tax benefit	$ 0	$ 0	$ 0	$ 0

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculation of diluted EPS (in shares)	4,303,395	3,424,739	4,303,395	3,424,739
Liability Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from calculation of diluted EPS (in shares)	2,223,396		2,223,396

DISCONTINUED OPERATIONS (Detail

DISCONTINUED OPERATIONS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summarized results of discontinued operations [Abstract]
Net revenues	$ 0	$ 0	$ 0	$ 0
Total income	22	60	31	385
Income from discontinued operations	22	60	31	385
ASSETS [Abstract]
Accounts receivable - net	0	4	0	4
Current assets of discontinued operations	0	4	0	4	$ 4
LIABILITIES [Abstract]
Accounts payable and accrued expenses	92	114	92	114
Current liabilities of discontinued operations	$ 92	114	$ 92	114	$ 114
TC Digital Games LLC [Member] | Discontinued Operations [Member]
LIABILITIES [Abstract]
Noncontrolling interest percentage	45.00%		45.00%
Income (loss) attributable to noncontrolling interest	$ 0	0	$ 0	0
Loss in excess of noncontrolling interest absorbed	$ 21,534		$ 21,534
TC Websites LLC [Member] | Discontinued Operations [Member]
LIABILITIES [Abstract]
Noncontrolling interest percentage	45.00%		45.00%
Income (loss) attributable to noncontrolling interest	$ 0	$ 0	$ 0	$ 0
Loss in excess of noncontrolling interest absorbed	$ 6,019		$ 6,019

NONCONTROLLING INTEREST (Detail

NONCONTROLLING INTEREST (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Noncontrolling Interest [Line Items]
Pinwrest net loss before common units' noncontrolling interest	$ 440	$ 578	$ 3,528	$ 36
Loss attributable to noncontrolling interests, continuing operations	$ 126	177	$ 423	535
Pinwrest Development Group LLC [Member]
Noncontrolling Interest [Line Items]
Percentage of ownership	70.00%		70.00%
Pinwrest net loss before common units' noncontrolling interest	$ (419)	$ (591)	$ (1,410)	$ (1,785)
Noncontrolling interest percentage	30.00%	30.00%	30.00%	30.00%
Loss attributable to noncontrolling interests, continuing operations	$ (126)	$ (177)	$ (423)	$ (535)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - Pinwrest Development Group LLC [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Related Party Transaction [Line Items]
Loan amount	$ 603	$ 337
Interest receivable on related party loan	10.00%
Loan and related interest	$ 978

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($)	Oct. 23, 2015	Sep. 30, 2015	Mar. 25, 2014
Securities Purchase Agreement [Abstract]
Interest rate			5.00%
Senior Secured Promissory Note [Member] | Prescott Group [Member]
Securities Purchase Agreement [Abstract]
Percentage to pay on outstanding principal amount	125.00%
Interest rate		5.00%
Subsequent Event [Member] | Senior Secured Promissory Note [Member] | Prescott Group [Member]
Securities Purchase Agreement [Abstract]
Warrants issued to purchase shares of common stock (in shares)	800,000
Aggregate purchase price amount	$ 200,000
Exercise prices (in dollars per share)	$ 0.25

SEGMENT AND RELATED INFORMATI40

SEGMENT AND RELATED INFORMATION (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Segment	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
SEGMENT AND RELATED INFORMATION [Abstract]
Number of reportable segments | Segment			2
Segment Reporting Information [Line Items]
Net revenues from external customers	$ 89	$ 179	$ 397	$ 973
Reorganization items	0	(9)	0	(42)
Segment income (loss)	(588)	(815)	(3,982)	(956)
Segment assets	2,651		2,651		$ 3,590
Continuing Operations [Member]
Segment Reporting Information [Line Items]
Net revenues from external customers	89	179	397	973
Reorganization items		(9)		(42)
Segment income (loss)	(588)	(815)	(3,982)	(956)
Segment assets	2,651	4,235	2,651	4,235
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Segment assets		1		1
Operating Segments [Member] | Entertainment and Brand Licensing [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Net revenues from external customers	27	149	205	611
Reorganization items		(9)		(42)
Segment income (loss)	(186)	(189)	(2,609)	910
Segment assets	254	1,000	254	1,000
Operating Segments [Member] | IsoBLOX(TM) and Sports Licensing/Distribution [Member] | Continuing Operations [Member]
Segment Reporting Information [Line Items]
Net revenues from external customers	62	30	192	362
Reorganization items		0		0
Segment income (loss)	(402)	(626)	(1,373)	(1,866)
Segment assets	$ 2,397	$ 3,235	$ 2,397	$ 3,235