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Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2023

Earnings (Loss) Per Share [Abstract]

Earnings (Loss) Per Share

9.    Earnings (Loss) Per Share

Basic earnings (loss) per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period, including stock options and warrants, using the treasury stock method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive. The following

table is a reconciliation of the numerator and denominator of the basic and diluted net (loss) income per share computations for the three months ended March 31, 2023 and 2022:

​

​	​	​	​	​	​	​	​
​	​	​	Three Months Ended				​
​	​	March 31,					​
​		2023			2022		​
Numerator:	​	​	​	​	​	​	​
Net loss attributable to Xcel Brands, Inc. stockholders (in thousands)	​	$	(5,643)	​	$	(3,487)	​
​	​	​	​	​	​	​	​
Denominator:	​	​	​	​	​	​	​
Basic weighted average number of shares outstanding	​	​	19,633,194		​	19,571,119
Add: Effect of warrants	​	​	—		​	—
Add: Effect of stock options	​	​	—	​	​	—	​
Diluted weighted average number of shares outstanding	​	​	19,633,194		​	19,571,119	​
​	​	​	​	​	​	​	​
Basic net loss per share	​	$	(0.29)	​	$	(0.18)	​
Diluted net loss per share	​	$	(0.29)	​	$	(0.18)	​

​

As a result of the net loss for the current quarter and prior year quarter, the Company calculated diluted EPS using basic weighted average shares outstanding for such periods, as utilizing diluted shares would be anti-dilutive to loss per share.

​

The computation of diluted EPS excludes the following potentially dilutive securities because their inclusion would be anti-dilutive:  

​

​	​	​	​	​	​
​	​	Three Months Ended			​
​	​	March 31,			​
​		2023		2022	​
Stock options	​	5,368,780	​	5,266,660	​
Warrants	​	116,065	​	116,065	​
Total	​	5,484,845		5,382,725

​

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- References

No definition available.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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