XCel Brands Inc

For the period ended Dec 31, 2023. Filed Apr 19, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 19, 2024

XELB$0.40-6.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

(in thousands, except share and per share data)


· December 31, 2023 · December 31, 2022
Assets · ·
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

Liabilities and Stockholders' Equity
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 obligation	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 obligation	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

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.