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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and cash equivalents $ 4,783 $ 4,641
Accounts receivable, net of allowances of $1,163 and $155, respectively 8,188 10,622
Inventory 723 899
Prepaid expenses and other current assets 1,426 1,404
Total current assets 15,120 17,566
Property and equipment, net 3,604 3,666
Operating lease right-of-use assets 9,019 9,250
Trademarks and other intangibles, net 107,675 111,095
Restricted cash 1,109 1,109
Other assets 297 505
Total non-current assets 121,704 125,625
Total Assets 136,824 143,191
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 2,908 4,391
Accrued payroll 618 1,444
Current portion of operating lease obligation 1,917 1,752
Current portion of long-term debt 2,850 2,250
Total current liabilities 8,293 9,837
Long-Term Liabilities:    
Long-term portion of operating lease obligation 9,101 9,773
Long-term debt, less current portion 14,523 16,571
Contingent obligation 900 900
Deferred tax liabilities, net 7,165 7,434
Other long-term liabilities 224 224
Total long-term liabilities 31,913 34,902
Total Liabilities 40,206 44,739
Commitments and Contingencies
Equity:    
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding 0 0
Common stock, $.001 par value, 50,000,000 shares authorized, and 19,231,040 and 18,866,417 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 19 19
Paid-in capital 102,236 101,736
Accumulated deficit (6,198) (3,659)
Total Xcel Brands, Inc. stockholders' equity 96,057 98,096
Noncontrolling interest 561 356
Total Equity 96,618 98,452
Total Liabilities and Equity $ 136,824 $ 143,191