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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities        
Net income (loss) $ (4,430) $ (1,359) $ 1,020 $ (5,801)
Adjustments to reconcile net income (loss) to net cash used in operating activities:        
Depreciation and amortization expense 1,815 1,891 5,447 4,949
Amortization of deferred finance costs included in interest expense     156 211
Stock-based compensation 51 163 568 754
Provision for doubtful accounts     173 132
Undistributed proportional share of net income of equity method investee 277   277  
Loss on early extinguishment of debt     2,324 821
Deferred income tax provision (benefit)     363 (2,019)
Gain on sale of majority interest in Isaac Mizrahi brand     (20,608)  
Changes in operating assets and liabilities:        
Accounts receivable     747 (2,192)
Inventory     (509) (2,214)
Prepaid expenses and other current and non-current assets     235 (620)
Accounts payable, accrued expenses, accrued payroll, accrued income taxes payable, and other current liabilities     (796) 572
Lease-related assets and liabilities     (202) (122)
Other liabilities     (224)  
Net cash used in operating activities     (11,029) (5,529)
Cash flows from investing activities        
Net proceeds from sale of majority interest in Isaac Mizrahi brand     45,408  
Cash consideration for acquisition of Lori Goldstein assets       (3,661)
Purchase of other intangible assets       (39)
Purchase of property and equipment     (241) (1,049)
Net cash provided by (used in) investing activities     45,167 (4,749)
Cash flows from financing activities        
Proceeds from exercise of stock options       5
Shares repurchased including vested restricted stock in exchange for withholding taxes     (442)  
Cash contribution from non-controlling interest       1,000
Proceeds from revolving loan debt       2,498
Proceeds from long-term debt       25,000
Payment of deferred finance costs       (1,204)
Payment of long-term debt     (29,000) (18,000)
Payment of prepayment, breakage and other fees associated with early extinguishment of long-term debt     (1,511) (367)
Net cash (used in) provided by financing activities     (30,953) 8,932
Net increase (decrease) in cash, cash equivalents, and restricted cash     3,185 (1,346)
Cash, cash equivalents, and restricted cash at beginning of period     5,222 6,066
Cash, cash equivalents, and restricted cash at end of period 8,407 4,720 8,407 4,720
Reconciliation to amounts on condensed consolidated balance sheets:        
Cash and cash equivalents 8,407 3,981 8,407 3,981
Restricted cash   739   739
Total cash, cash equivalents, and restricted cash $ 8,407 $ 4,720 8,407 4,720
Supplemental disclosure of non-cash activities:        
Operating lease right-of-use assets       (722)
Operating lease obligations       (722)
Contingent obligation related to acquisition of Lori Goldstein assets at fair value       6,639
Liability for equity-based bonuses and other equity-based payments     (283) 140
Supplemental disclosure of cash flow information:        
Cash paid during the period for interest     $ 1,032 1,346
Cash paid during the period for income taxes       $ 18