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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 3,063 $ 4,483
Accounts receivable, net of allowance of $1,090 8,676 7,640
Inventory 3,941 3,375
Prepaid expenses and other current assets 1,480 1,681
Total current assets 17,160 17,179
Non-current Assets:    
Property and equipment, net 2,293 2,549
Operating lease right-of-use assets 6,097 6,314
Trademarks and other intangibles, net 96,775 98,304
Restricted cash 608 739
Deferred tax assets, net 141 141
Other assets 635 555
Total non-current assets 106,549 108,602
Total Assets 123,709 125,781
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 7,855 6,233
Accrued payroll 1,563 577
Current portion of operating lease obligations 1,045 1,207
Current portion of long-term debt 2,500 2,500
Total current liabilities 12,963 10,517
Long-Term Liabilities:    
Long-term portion of operating lease obligations 6,963 7,252
Long-term debt, net, less current portion 24,998 25,531
Contingent obligations 7,539 7,539
Other long-term liabilities 13  
Total long-term liabilities 39,513 40,322
Total Liabilities 52,476 50,839
Commitments and Contingencies
Stockholders' 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 19,571,119 shares issued and outstanding at March 31, 2022 and December 31, 2021 20 20
Paid-in capital 103,069 103,039
Accumulated deficit (32,266) (28,779)
Total Xcel Brands, Inc. stockholders' equity 70,823 74,280
Noncontrolling interest 410 662
Total Stockholders' Equity 71,233 74,942
Total Liabilities and Stockholders' Equity $ 123,709 $ 125,781