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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and cash equivalents $ 1,254,000 $ 2,998,000
Accounts receivable, net of allowances for credit losses of $0 and $75 at December 31, 2024 and 2023, respectively 2,269,000 3,454,000
Inventory 0 453,000
Prepaid expenses and other current assets 520,000 398,000
Total current assets 4,043,000 7,303,000
Non-current Assets:    
Property and equipment, net 182,000 634,000
Operating lease right-of-use assets 3,751,000 4,453,000
Trademarks and other intangibles, net 34,759,000 41,520,000
Equity method investments, net 10,110,000 17,735,000
Other assets 911,000 15,000
Total non-current assets 49,713,000 64,357,000
Total Assets 53,756,000 71,660,000
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 2,734,000 2,236,000
Deferred revenue 1,380,000 889,000
Accrued income taxes payable 554,000 372,000
Current portion of operating lease obligations 1,513,000 1,258,000
Current portion of long-term debt   750,000
Current portion of contingent obligations 4,213,000 964,000
Total current liabilities 10,394,000 6,469,000
Long-Term Liabilities:    
Deferred revenue 2,667,000 3,556,000
Long-term portion of operating lease obligations 5,297,000 4,021,000
Long-term debt, net, less current portion 6,569,000 3,971,000
Long-term portion of contingent obligation   5,432,000
Other long-term liabilities 431,000 40,000
Total long-term liabilities 14,964,000 17,020,000
Total Liabilities 25,358,000 23,489,000
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 23,681,834 and 19,795,053 shares issued and outstanding at December 31, 2024 and 2023, respectively 2,000 2,000
Paid-in capital 106,666,000 103,879,000
Accumulated deficit (76,244,000) (53,849,000)
Total Xcel Brands, Inc. stockholders' equity 30,424,000 50,032,000
Noncontrolling interest (2,026,000) (1,861,000)
Total Stockholders' Equity 28,398,000 48,171,000
Total Liabilities and Stockholders' Equity $ 53,756,000 $ 71,660,000