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Significant Contracts

3 Months Ended

Mar. 31, 2016

Significant Contracts [Abstract]

Significant Contracts [Text Block]

3. Significant Contracts

QVC Agreements

Under the Company’s agreements with QVC, QVC is required to pay the Company fees based primarily on a percentage of its net sales of Isaac Mizrahi, Ripka, H Halston, and C Wonder branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Revenues from QVC totaled $6.79 million and $5.15 million for the Current Quarter and Prior Year Quarter, respectively, representing 81% and 78% of the Company’s total revenues, respectively. As of March 31, 2016 and December 31, 2015, the Company had receivables from QVC of $7.79 million and $6.40 million, respectively, representing 85% and 84% of the Company’s total receivables, respectively.

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The entire disclosure about significant contracts.

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