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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 2,998 $ 4,608
Accounts receivable, net 3,454 5,110
Inventory 453 2,845
Prepaid expenses and other current assets 398 1,457
Total current assets 7,303 14,020
Non-current Assets:    
Property and equipment, net 634 1,418
Operating lease right-of-use assets 4,453 5,420
Trademarks and other intangibles, net 41,520 47,665
Equity method investment in IM Topco, LLC 17,585 19,195
Deferred tax assets, net   1,107
Other assets 165 110
Total non-current assets 64,357 74,915
Total Assets 71,660 88,935
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 2,127 3,870
Deferred revenue 889 88
Accrued income taxes payable 372 568
Accrued payroll 109 416
Current portion of operating lease obligations 1,258 1,376
Current portion of long-term debt 750  
Current portion of contingent obligations 964 243
Total current liabilities 6,469 6,561
Long-Term Liabilities:    
Long-term portion of operating lease obligations 4,021 5,839
Deferred revenue 3,556  
Long-term debt, net, less current portion 3,971  
Long-term portion of contingent obligations 5,432 6,396
Other long-term liabilities 40  
Total long-term liabilities 17,020 12,235
Total Liabilities 23,489 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 19,795,053 and 19,624,860 shares issued and outstanding at December 31, 2023 and 2022, respectively 20 20
Paid-in capital 103,861 103,592
Accumulated deficit (53,849) (32,797)
Total Xcel Brands, Inc. stockholders' equity 50,032 70,815
Noncontrolling interest (1,861) (676)
Total Stockholders' Equity 48,171 70,139
Total Liabilities and Stockholders' Equity $ 71,660 $ 88,935