XCel Brands Inc
For the period ended Sep 30, 2024. Filed Dec 20, 2024.
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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.
Sep 30, 2024 · Filed Dec 20, 2024
XELB$0.43+6.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Balance Sheets
(in thousands, except share and per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · September 30, 2024 · December 31, 2023 | ||||||
| · · (Unaudited) · · (Note 1) | ||||||
| Assets · · | ||||||
| Current Assets: · · | ||||||
| Cash and cash equivalents | | $242 | | $2,998 | ||
| Accounts receivable, net of allowances for credit losses of $30 and $75 at September 30, 2024 and December 31, 2023, respectively | | 2,908 | | 3,454 | ||
| Inventory | | — | | 453 | ||
| Prepaid expenses and other current assets | | 375 | | 398 | ||
| Total current assets | | 3,525 | | 7,303 | ||
| Non-current Assets: | | | | | | |
| Property and equipment, net | | 202 | | 634 | ||
| Operating lease right-of-use assets | | | 3,923 | | | 4,453 |
| Trademarks and other intangibles, net | | 35,642 | | 41,520 | ||
| Equity method investments, net | | | 9,796 | | | 17,735 |
| Other assets | | 911 | | 15 | ||
| Total non-current assets | | 50,474 | | 64,357 | ||
| | | | | | | |
| Total Assets | | $53,999 | | $71,660 | ||
| | | | | | | |
| Liabilities and Stockholders' Equity | | | ||||
| Current Liabilities: | | | ||||
| Accounts payable, accrued expenses and other current liabilities | | $2,602 | | $2,236 | ||
| Deferred revenue | | 1,376 | | 889 | ||
| Accrued income taxes payable | | | 372 | | | 372 |
| Current portion of operating lease obligations | | | 1,433 | | | 1,258 |
| Current portion of long-term debt | | 1,000 | | 750 | ||
| Current portion of contingent obligations | | — | | 964 | ||
| Total current liabilities | | 6,783 | | 6,469 | ||
| Long-Term Liabilities: | | | ||||
| Deferred revenue | | | 2,889 | | | 3,556 |
| Long-term portion of operating lease obligations | | | 5,633 | | | 4,021 |
| Long-term debt, net, less current portion | | 3,297 | | 3,971 | ||
| Long-term portion of contingent obligation | | | — | | | 5,432 |
| Other long-term liabilities | | 431 | | 40 | ||
| Total long-term liabilities | | 12,250 | | 17,020 | ||
| Total Liabilities | | 19,033 | | 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 23,581,290 and 19,795,053 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | | 24 | | 20 | ||
| Paid-in capital | | 106,056 | | 103,861 | ||
| Accumulated deficit | | (69,161) | | (53,849) | ||
| Total Xcel Brands, Inc. stockholders' equity | | 36,919 | | 50,032 | ||
| Noncontrolling interest | | | (1,953) | | | (1,861) |
| Total Stockholders' Equity | | 34,966 | | 48,171 | ||
| | | | | | | |
| Total Liabilities and Stockholders' Equity | | $53,999 | | $71,660 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.