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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 1,612 $ 4,608
Accounts receivable, net 5,969 5,110
Inventory 3,099 2,845
Prepaid expenses and other current assets 1,032 1,457
Total current assets 11,712 14,020
Non-current Assets:    
Property and equipment, net 1,237 1,418
Operating lease right-of-use assets 5,185 5,420
Trademarks and other intangibles, net 46,130 47,665
Equity method investment 18,680 19,195
Deferred tax assets, net 1,107 1,107
Other assets 110 110
Total non-current assets 72,449 74,915
Total Assets 84,161 88,935
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 5,549 3,958
Accrued income taxes payable 555 568
Accrued payroll 477 416
Current portion of operating lease obligations 1,395 1,376
Current portion of contingent obligations   243
Total current liabilities 7,976 6,561
Long-Term Liabilities:    
Long-term portion of operating lease obligations 5,531 5,839
Long-term portion of contingent obligations 6,396 6,396
Total long-term liabilities 11,927 12,235
Total Liabilities 19,903 18,796
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 19,633,194 and 19,624,860 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 20 20
Paid-in capital 103,649 103,592
Accumulated deficit (38,440) (32,797)
Total Xcel Brands, Inc. stockholders' equity 65,229 70,815
Noncontrolling interest (971) (676)
Total Stockholders' Equity 64,258 70,139
Total Liabilities and Stockholders' Equity $ 84,161 $ 88,935