XML 21 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and cash equivalents $ 4,608 $ 4,483
Accounts receivable, net of allowances of $63 and $1,090, respectively 5,110 7,640
Inventory 2,845 3,375
Prepaid expenses and other current assets 1,457 1,681
Total current assets 14,020 17,179
Non-current Assets:    
Property and equipment, net 1,418 2,549
Operating lease right-of-use assets 5,420 6,314
Trademarks and other intangibles, net 47,665 98,304
Equity method investment 19,195  
Restricted cash   739
Deferred tax assets, net 1,107 141
Other assets 110 555
Total non-current assets 74,915 108,602
Total Assets 88,935 125,781
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 3,958 6,169
Accrued income taxes payable 568 64
Accrued payroll 416 577
Current portion of operating lease obligations 1,376 1,207
Current portion of long-term debt   2,500
Current portion of contingent obligations 243  
Total current liabilities 6,561 10,517
Long-Term Liabilities:    
Long-term portion of operating lease obligations 5,839 7,252
Long-term debt, net, less current portion   25,531
Long-term portion of contingent obligations 6,396 7,539
Total long-term liabilities 12,235 40,322
Total Liabilities 18,796 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 19,624,860 and 19,571,119 shares issued and outstanding at December 31, 2022 and December 31, 2021, respectively 20 20
Paid-in capital 103,592 103,039
Accumulated deficit (32,797) (28,779)
Total Xcel Brands, Inc. stockholders' equity 70,815 74,280
Noncontrolling interest (676) 662
Total Stockholders' Equity 70,139 74,942
Total Liabilities and Stockholders' Equity $ 88,935 $ 125,781