XCel Brands Inc

For the period ended Dec 31, 2024. Filed May 28, 2025.

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.

FY2024 · Filed May 28, 2025

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, 2024 · December 31, 2023
Assets · ·
Current Assets: · ·
Cash and cash equivalents	$1,254	$2,998
Accounts receivable, net of allowances for credit losses of $0 and $75 at December 31, 2024 and 2023, respectively	2,269	3,454
Inventory	—	453
Prepaid expenses and other current assets	520	398
Total current assets	4,043	7,303
Non-current Assets:
Property and equipment, net	182	634
Operating lease right-of-use assets	3,751	4,453
Trademarks and other intangibles, net	34,759	41,520
Equity method investments, net	10,110	17,735
Other assets	911	15
Total non-current assets	49,713	64,357

Total Assets	$53,756	$71,660

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$2,734	$2,236
Deferred revenue	1,380	889
Accrued income taxes payable	554	372
Current portion of operating lease obligations	1,513	1,258
Current portion of long-term debt	—	750
Current portion of contingent obligations	4,213	964
Total current liabilities	10,394	6,469
Long-Term Liabilities:
Deferred revenue	2,667	3,556
Long-term portion of operating lease obligations	5,297	4,021
Long-term debt, net, less current portion	6,569	3,971
Long-term portion of contingent obligation	—	5,432
Other long-term liabilities	431	40
Total long-term liabilities	14,964	17,020
Total Liabilities	25,358	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 2,368,072 and 1,979,413 shares issued and outstanding at December 31, 2024 and 2023, respectively (1)	2	2
Paid-in capital (1)	106,666	103,879
Accumulated deficit	(76,244)	(53,849)
Total Xcel Brands, Inc. stockholders' equity	30,424	50,032
Noncontrolling interest	(2,026)	(1,861)
Total Stockholders' Equity	28,398	48,171

Total Liabilities and Stockholders' Equity	$53,756	$71,660

(1)	The values of Common stock and Paid-in capital, as well as the number of shares issued and outstanding, have been retroactively adjusted in order to give effect to the Company’s 1-for-10 reverse stock split. See Note 2 and Note 12.

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.