XML 39 R25.htm IDEA: XBRL DOCUMENT
v3.21.1

Stockholders' Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Stockholders' Equity Note [Abstract] |
Summary of Stock Option Activity | A summary of the Company’s stock option activity for the Current Year is as follows:
|  |  |  |  |  |  | Weighted |  |  |
|  |  |  |  |  |  | Average |  |  |
|  |  |  | Weighted |  | Remaining |  |  |
|  |  |  | Average |  | Contractual |  | Aggregate
|  | Number of |  | Exercise |  | Life |  | Intrinsic
|  | Options |  | Price |  | (in Years) |  | Value
Outstanding at January 1, 2020 |  | 7,222,625 |  | $ | 3.33 |  | 5.82 |  | $ | —
Granted |  | 531,250 |  |  | 1.40 |  |  |  |  |
Canceled |  | — |  |  | — |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |
Expired/Forfeited |  | (574,500) |  |  | 3.94 |  |  |  |  |
Outstanding at December 31, 2020, and expected to vest |  | 7,179,375 |  | $ | 3.14 |  | 4.93 |  | $ | —
Exercisable at December 31, 2020 |  | 3,063,208 |  | $ | 4.91 |  | 1.22 |  | $ | —
Schedule of Black-Scholes Assumptions for Fair Value of Options Granted | The fair value of the options granted was estimated at the date of grant using the Black-Scholes option pricing model with the following assumptions:
|  | Year Ended December 31, |
|  | 2020 |  | 2019 |
Expected Volatility |  | 24.26 – 28.79 |  | 20.69 – 26.21 |
Expected Dividend Yield |  | — | % | — | %
Expected Life (Term, in years) |  | 2.5 – 3.5 |  | 2.5 – 3.5 |
Risk-Free Interest Rate |  | 0.16 – 1.60 | % | 1.51 – 2.48 | %
Summary of Stock Option Activity for Non-Vested Options | The following table summarizes the Company’s stock option activity for non-vested options for the current year:
|  |  |  | Weighted
|  |  |  | Average
|  | Number of |  | Grant Date
|  | Options |  | Fair Value
Balance at January 1, 2020 |  | 4,551,500 |  | $ | 0.18
Granted |  | 531,250 |  |  | 0.14
Vested |  | (444,083) |  |  | 0.58
Forfeited or Canceled |  | (522,500) |  |  | 0.65
Balance at December 31, 2020 |  | 4,116,167 |  | $ | 0.08
Summary of Warrant Activity | A summary of the Company’s warrant activity for the Current Year is as follows:
|  |  |  |  |  |  | Weighted |  |  |
|  |  |  |  |  |  | Average |  |  |
|  |  |  | Weighted |  | Remaining |  |  |
|  |  |  | Average |  | Contractual |  | Aggregate
|  | Number of |  | Exercise |  | Life |  | Intrinsic
|  | Warrants |  | Price |  | (in Years) |  | Value
Outstanding and exercisable at January 1, 2020 |  | 579,815 |  | $ | 4.63 |  | 2.32 |  | $ | —
Granted |  | — |  |  | — |  |  |  |  |
Canceled |  | — |  |  | — |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |
Expired/Forfeited |  | — |  |  | — |  |  |  |  |
Outstanding and exercisable at December 31, 2020 |  | 579,815 |  | $ | 4.63 |  | 1.32 |  | $ | —
Summary of Restricted Stock Activity | A summary of the Company’s restricted stock activity for the Current Year is as follows:
|  |  |  | Weighted
|  | Number of |  | Average
|  | Restricted |  | Grant Date
|  | Shares |  | Fair Value
Outstanding at January 1, 2020 |  | 1,230,623 |  | $ | 4.33
Granted |  | 639,728 |  |  | 0.82
Canceled |  | — |  |  | —
Vested |  | (1,089,518) |  |  | 2.43
Expired/Forfeited |  | — |  |  | —
Outstanding at December 31, 2020 |  | 780,833 |  | $ | 4.09
Schedule Of Common Stock Repurchased | The following table provides information with respect to restricted stock purchased and retired by the Company during the Current Year and Prior Year:
|  |  |  |  |  |  | Number of |  |  |
|  |  |  |  |  |  | Shares |  |  |
|  |  |  |  |  |  | Purchased as |  |  |
|  |  |  |  |  |  | Part of |  |  |
|  | Total Number |  | Actual |  | Publicly |  | Fair value of
|  | of Shares |  | Price Paid |  | Announced |  | Re-Purchased
Date |  | Purchased |  | per Share |  | Plan |  | Shares
March 30, 2020 (i) |  | 155,556 |  | $ | 0.65 |  | — |  | $ | 102,000
May 20, 2020 (i) |  | 87,249 |  |  | 0.98 |  | — |  |  | 85,000
December 24, 2020 (i) |  | 2,478 |  |  | 1.14 |  | — |  |  | 3,000
Total 2020 |  | 245,283 |  | $ | 0.77 |  | — |  | $ | 190,000
September 30, 2019 (i) |  | 18,147 |  | $ | 1.34 |  | — |  | $ | 25,000
October 31, 2019 (i) |  | 29,189 |  |  | 1.75 |  | — |  |  | 51,000
November 30, 2019 (i) |  | 57,980 |  |  | 1.45 |  | — |  |  | 84,000
December 31, 2019 (i) |  | 9,846 |  |  | 1.45 |  | — |  |  | 14,000
Total 2019 |  | 115,162 |  | $ | 1.51 |  | — |  | $ | 174,000
| (i) |  | The shares were exchanged from employees and directors in connection with the income tax withholding obligations on behalf of such employees and directors from the vesting of restricted stock.

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
Name: | us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number of common stock repurchased during the period. + References No definition available. + Details
Name: | xelb_ScheduleOfCommonStockRepurchasedTableTextBlock
Namespace Prefix: | xelb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration