XCel Brands Inc

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

XELB$0.43+6.7%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)


· June 30, 2024 · December 31, 2023
· · (Unaudited) · · (Note 1)
Assets · ·
Current Assets: · ·
Cash and cash equivalents	$924	$2,998
Accounts receivable, net of allowances for credit losses of $30 and $75 at June 30, 2024 and December 31, 2023, respectively	3,055	3,454
Inventory	407	453
Prepaid expenses and other current assets	378	398
Total current assets	4,764	7,303
Non-current Assets:
Property and equipment, net	214	634
Operating lease right-of-use assets	4,099	4,453
Trademarks and other intangibles, net	36,532	41,520
Equity method investments	16,643	17,735
Other assets	920	15
Total non-current assets	58,408	64,357

Total Assets	$63,172	$71,660

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$2,353	$2,236
Deferred revenue	989	889
Accrued income taxes payable	372	372
Current portion of operating lease obligations	1,354	1,258
Current portion of long-term debt	1,000	750
Current portion of contingent obligation	—	964
Total current liabilities	6,068	6,469
Long-Term Liabilities:
Deferred revenue	3,111	3,556
Long-term portion of operating lease obligations	5,964	4,021
Long-term debt, net, less current portion	3,524	3,971
Long-term portion of contingent obligation	—	5,432
Other long-term liabilities	430	40
Total long-term liabilities	13,029	17,020
Total Liabilities	19,097	23,489

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 23,492,117 and 19,795,053 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	23	20
Paid-in capital	105,946	103,861
Accumulated deficit	(59,948)	(53,849)
Total Xcel Brands, Inc. stockholders' equity	46,021	50,032
Noncontrolling interest	(1,946)	(1,861)
Total Stockholders' Equity	44,075	48,171

Total Liabilities and Stockholders' Equity	$63,172	$71,660

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.