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, and H Halston branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues.


•	Total revenues from QVC totaled $5.16 million and $6.42 million for the current and prior year quarter, respectively, representing approximately 47% and 78% of the Company’s total net revenues for the current and prior year quarter, respectively.


•	Total revenues from QVC totaled $17.96 million and $19.90 million for the current and prior year nine months, respectively, representing approximately 59% and 78% of the Company’s total net revenues for the current and prior year nine months, respectively.


•	As of September 30, 2019, and December 31, 2018, the Company had receivables from QVC of $5.30 million and $5.68 million, respectively, representing approximately 53% and 52% of the Company’s total receivables, respectively.