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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 1,494 $ 1,254
Accounts receivable, net of allowances for credit losses of $30 and $0, respectively 1,403 2,269
Prepaid expenses and other current assets 1,201 520
Total current assets 4,098 4,043
Non-current Assets:    
Property and equipment, net 145 182
Operating lease right-of-use assets 3,196 3,751
Trademarks and other intangibles, net 32,111 34,759
Investments in unconsolidated affiliates   10,110
Other assets 912 911
Total non-current assets 36,364 49,713
Total Assets 40,462 53,756
Current Liabilities:    
Accounts payable, accrued expenses and other current liabilities 1,371 2,734
Deferred revenue 1,362 1,380
Accrued income taxes payable 113 554
Current portion of operating lease obligations 1,655 1,513
Current portion of long-term debt 3,500  
Contingent obligation   4,213
Total current liabilities 8,001 10,394
Long-Term Liabilities:    
Deferred revenue 2,000 2,667
Long-term portion of operating lease obligations 4,111 5,297
Long-term debt, net, less current portion 9,038 6,569
Other long-term liabilities 732 431
Total long-term liabilities 15,881 14,964
Total Liabilities 23,882 25,358
Stockholders' Equity:    
Common stock, $.001 par value, 50,000,000 shares authorized, and 4,806,776 and 2,368,072 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 5 2
Paid-in capital 109,622 106,666
Accumulated deficit (90,928) (76,244)
Total Xcel Brands, Inc. stockholders' equity 18,699 30,424
Noncontrolling interest (2,119) (2,026)
Total Stockholders' Equity 16,580 28,398
Total Liabilities and Stockholders' Equity $ 40,462 $ 53,756