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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 2,969 $ 4,957
Accounts receivable, net of allowances of $1,284 and $1,151, respectively 8,647 8,889
Inventory 2,785 1,216
Prepaid expenses and other current assets 1,797 1,085
Total current assets 16,198 16,147
Property and equipment, net 3,360 3,367
Operating lease right-of-use assets 8,296 8,668
Trademarks and other intangibles, net 92,627 93,535
Restricted cash 1,109 1,109
Other assets 225 228
Total non-current assets 105,617 106,907
Total Assets 121,815 123,054
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 5,938 4,442
Accrued payroll 1,283 973
Current portion of operating lease obligation 1,927 2,101
Current portion of long-term debt 2,500 2,800
Total current liabilities 11,648 10,316
Long-Term Liabilities:    
Long-term portion of operating lease obligation 8,171 8,469
Long-term debt, less current portion 14,158 13,838
Contingent obligation 900 900
Deferred tax liabilities, net 2,918 3,052
Other long-term liabilities 224 224
Total long-term liabilities 26,371 26,483
Total Liabilities 38,019 36,799
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 19,262,529 and 19,260,862 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively 19 19
Paid-in capital 102,493 102,324
Accumulated deficit (19,142) (16,595)
Total Xcel Brands, Inc. stockholders' equity 83,370 85,748
Noncontrolling interest 426 507
Total Equity 83,796 86,255
Total Liabilities and Equity $ 121,815 $ 123,054