XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net revenue $ 8,747,000 $ 7,809,000
Cost of goods sold 1,680,000 1,835,000
Gross profit 7,067,000 5,974,000
Operating costs and expenses    
Salaries, benefits and employment taxes 4,853,000 4,052,000
Other selling, general and administrative expenses 3,392,000 3,038,000
Stock-based compensation 32,000 160,000
Depreciation and amortization 1,820,000 1,210,000
Total operating costs and expenses 10,097,000 8,460,000
Operating loss (3,030,000) (2,486,000)
Interest and finance expense    
Interest expense - term loan debt 708,000 276,000
Other interest and finance charges (income), net 1,000 4,000
Total interest and finance expense 709,000 280,000
Loss before income taxes (3,739,000) (2,766,000)
Income tax benefit 0 (138,000)
Net loss (3,739,000) (2,628,000)
Less: Net loss attributable to noncontrolling interest (252,000) (81,000)
Net loss attributable to Xcel Brands, Inc. stockholders $ (3,487,000) $ (2,547,000)
Loss per common share attributable to Xcel Brands, Inc. stockholders:    
Basic net loss per share $ (0.18) $ (0.13)
Diluted net loss per share $ (0.18) $ (0.13)
Weighted average number of common shares outstanding:    
Basic weighted average common shares outstanding 19,571,119 19,261,436
Diluted weighted average common shares outstanding 19,571,119 19,261,436
Net licensing revenue    
Revenues    
Net revenue $ 5,961,000 $ 4,307,000
Net sales revenue    
Revenues    
Net revenue $ 2,786,000 $ 3,502,000