Cash and cash equivalents for the years ended December 31, 2012 were $9.011 million ($0.66 per share).
On liquidity, the company notes:
"The Company continues to incur costs in connection with the Bankruptcy Cases. Despite the $8,000 cash received from the Yu-Gi-Oh! Settlement and the $13,997 received on the sale of certain of the Company’s assets pursuant to the Asset Purchase Agreement, the Company’s overall cash position as of December 31, 2012, together with the costs in connection with the Bankruptcy Cases and the realized and anticipated effects of the significant cost cutting initiatives implemented by the Company beginning in 2009 and continuing through 2012 and beyond, 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 third party arrangements."
The company has a gross deferred tax asset of $50.7 million, which is fully offset by a valuation allowance.
The Lehman Brothers, Inc. claim is a general unsecured claim. "The Company’s claim against Lehman Brothers, Inc. is still pending and there has been no determination made as to the validity or allowed amount of the claim. . . . The Trustee in the Lehman Brothers, Inc. bankruptcy proceeding is expected to begin the claims resolution process with respect to the unsecured claims at some point in 2013."
The auditor's opinion states:
"However, the Company has suffered recurring losses from operations, and the continuing costs in connection with its bankruptcy cases, and potential settlement of the remaining material unresolved claims may have adverse impact on the Company’s liquidity. The above conditions raise substantial doubt about the Company’s ability to continue as a going concern.."
Hm. Auditors don't give out going concern opinions lightly. It can partly be a CYA for them, but they can't go too far if the company succeeds---the CPAs can be sued if the company shows it had the ability to operate profitably all along.