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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and cash equivalents $ 3,981 $ 4,957
Accounts receivable, net of allowances of $1,284 and $1,151, respectively 10,949 8,889
Inventory 3,430 1,216
Prepaid expenses and other current assets 1,711 1,085
Total current assets 20,071 16,147
Non-current Assets:    
Property and equipment, net 3,481 3,367
Operating lease right-of-use assets 6,831 8,668
Trademarks and other intangibles, net 99,859 93,535
Restricted cash 739 1,109
Other assets 222 228
Total non-current assets 111,132 106,907
Total Assets 131,203 123,054
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 5,444 4,442
Accrued payroll 683 973
Current portion of operating lease obligations 1,315 2,101
Current portion of long-term debt 4,998 2,800
Total current liabilities 12,440 10,316
Long-Term Liabilities:    
Long-term portion of operating lease obligations 7,295 8,469
Long-term debt, less current portion 20,233 13,838
Contingent obligations 7,539 900
Deferred tax liabilities, net 1,038 3,052
Other long-term liabilities 591 224
Total long-term liabilities 36,696 26,483
Total Liabilities 49,136 36,799
Commitments and Contingencies
Equity:    
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $.001 par value, 50,000,000 shares authorized, and 19,541,921 and 19,260,862 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 20 19
Paid-in capital 102,936 102,324
Accumulated deficit (21,836) (16,595)
Total Xcel Brands, Inc. stockholders' equity 81,120 85,748
Noncontrolling interest 947 507
Total Equity 82,067 86,255
Total Liabilities and Equity $ 131,203 $ 123,054