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Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 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.

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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 and nine months ended September 30, 2023 and 2022:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

​

Nine Months Ended

​

​

​

September 30,

​

September 30,

​

​

2023

2022

2023

2022

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Numerator:

​

​

​

​

​

​

​

​

​

​

​

​

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Net (loss) income attributable to Xcel Brands, Inc. stockholders (in thousands)

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$

(5,144)

​

$

(4,042)

​

$

(14,255)

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$

1,961

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Denominator:

​

​

​

​

​

​

​

​

​

​

​

​

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Basic weighted average number of shares outstanding

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19,749,317

​

19,624,860

​

​

19,683,525

​

19,624,604

Add: Effect of warrants

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—

​

—

​

​

—

​

620

Add: Effect of stock options

​

​

—

​

​

—

​

​

—

​

​

127,115

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Diluted weighted average number of shares outstanding

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19,749,317

​

19,624,860

​

​

19,683,525

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19,752,339

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​

​

​

​

​

​

​

​

​

​

​

​

​

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Basic net (loss) income per share

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$

(0.26)

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$

(0.21)

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$

(0.72)

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$

0.10

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Diluted net (loss) income per share

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$

(0.26)

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$

(0.21)

​

$

(0.72)

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$

0.10

​

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As a result of the net loss for the current quarter, prior quarter, and current nine months, 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 for such periods.

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

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​	​	​	​	​	​	​	​	​	​
​		Three Months Ended			​	Nine Months Ended			​
​		September 30,			​	September 30,			​
​		2023		2022		2023		2022	​
Stock options	​	5,144,170	​	5,761,890	​	5,144,170	​	5,514,140	​
Warrants	​	1,116,065	​	116,065	​	1,116,065	​	115,000	​
Total	​	6,260,235		5,877,955	​	6,260,235		5,629,140

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X

- 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
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//260/tableOfContent

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-3

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