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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues    
Net revenue $ 25,781 $ 37,932
Cost of goods sold 7,980 10,667
Gross profit 17,801 27,265
Operating costs and expenses    
Salaries, benefits and employment taxes 16,802 16,535
Other selling, general and administrative expenses 15,386 14,364
Stock-based compensation 620 720
Depreciation and amortization 7,263 6,830
Asset impairment charges 274 1,372
Total operating costs and expenses 40,345 39,821
Other income (expense)    
Gain on sale of majority interest in Isaac Mizrahi brand 20,586  
Loss from equity method investment (1,202)  
Gain on reduction of contingent obligation 900  
Total other income (expense) 20,284  
Operating loss (2,260) (12,556)
Interest and finance expense    
Interest expense - term loan debt 1,187 1,916
Other interest and finance charges, net 16 147
Loss on early extinguishment of debt 2,324 1,516
Total interest and finance expense 3,527 3,579
Loss before income taxes (5,787) (16,135)
Income tax benefit (431) (3,106)
Net loss (5,356) (13,029)
Net loss attributable to noncontrolling interest (1,338) (845)
Net loss attributable to Xcel Brands, Inc. stockholders $ (4,018) $ (12,184)
Loss per common share attributable to Xcel Brands, Inc. stockholders:    
Basic net loss per share $ (0.20) $ (0.63)
Diluted net loss per share $ (0.20) $ (0.63)
Weighted average number of common shares outstanding:    
Basic weighted average number of shares outstanding 19,624,669 19,455,987
Diluted weighted average common shares outstanding 19,624,669 19,455,987
Net licensing revenue    
Revenues    
Net revenue $ 14,737 $ 21,876
Net sales    
Revenues    
Net revenue $ 11,044 $ 16,056