Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Net revenue	$ 8,467	$ 10,764	$ 17,214	$ 18,573
Cost of goods sold	2,570	3,063	4,250	4,898
Gross profit	5,897	7,701	12,964	13,675
Operating costs and expenses
Salaries, benefits and employment taxes	5,236	4,049	10,089	8,101
Other selling, general and administrative expenses	3,803	3,090	7,195	6,128
Stock-based compensation	485	431	517	591
Depreciation and amortization	1,812	1,848	3,632	3,058
Total operating costs and expenses	11,336	9,418	21,433	17,878
Other income
Gain on sale of majority interest in Isaac Mizrahi brand	20,608		20,608
Total Other income	20,608		20,608
Operating income (loss)	15,169	(1,717)	12,139	(4,203)
Interest and finance expense
Interest expense - term loan debt	479	522	1,187	798
Other interest and finance charges (income), net	(1)	100		104
Loss on early extinguishment of debt	2,324	821	2,324	821
Total interest and finance expense	2,802	1,443	3,511	1,723
Income (loss) before income taxes	12,367	(3,160)	8,628	(5,926)
Income tax provision (benefit)	3,178	(1,346)	3,178	(1,484)
Net income (loss)	9,189	(1,814)	5,450	(4,442)
Net loss attributable to noncontrolling interest	(301)	(256)	(553)	(337)
Net income (loss) attributable to Xcel Brands, Inc. stockholders	$ 9,490	$ (1,558)	$ 6,003	$ (4,105)
Earnings (loss) per common share attributable to Xcel Brands, Inc. stockholders:
Basic net income (loss) per share	$ 0.48	$ (0.08)	$ 0.31	$ (0.21)
Diluted net income (loss) per share	$ 0.48	$ (0.08)	$ 0.30	$ (0.21)
Weighted average number of common shares outstanding:
Basic weighted average common shares outstanding	19,677,243	19,449,116	19,624,474	19,355,795
Diluted weighted average common shares outstanding	19,814,448	19,449,116	19,756,775	19,355,795
Net licensing revenue
Revenues
Net revenue	$ 5,175	$ 6,224	$ 11,136	$ 10,531
Net sales
Revenues
Net revenue	$ 3,292	$ 4,540	$ 6,078	$ 8,042

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.2(a),(d))
-URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227