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

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

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Contents

Consolidated Statements of Stockholders’ Equity

(in thousands, except share data)


· · Xcel Brands, Inc. Stockholders · · · · · ·
· · Common Stock · · Paid-in · · Accumulated · · Noncontrolling · · ·
· Shares(1) · Amount(1) · Capital(1) · Deficit · Interest · Total
Balance as of January 1, 2023	1,962,396	2	103,610	(32,797)	(676)	$70,139

Compensation expense related to stock options and restricted stock	—	—	161	—	—	161

Contra-revenue related to warrants held by licensee	—	—	26	—	—	26

Shares issued to directors in connection with restricted stock grants	4,000	—	—	—	—	—

Forfeitures of restricted stock grants	(500)	—	—	—	—	—

Shares issued to consultant in connection with stock grants	6,666	—	45	—	—	45

Shares issued to employee in connection with stock grant	730	—	10	—	—	10

Shares issued on exercises of stock options, net of shares surrendered for cashless exercises	6,121	—	27	—	—	27

Net loss for the year ended December 31, 2023	—	—	—	(21,052)	(1,185)	(22,237)

Balance as of December 31, 2023	1,979,413	2	103,879	(53,849)	(1,861)	48,171

Compensation expense related to stock options and restricted stock	—	—	138	—	—	138

Contra-revenue related to warrants held by licensee	—	—	38	—	—	38

Shares issued to directors in connection with restricted stock grants	4,000	—	—	—	—	—

Shares issued to consultant in connection with stock grants	7,800	—	98	—	—	98

Shares issued to employee in connection with stock grant	1,468	—	10	—	—	10

Shares issued to executives for pro rata portion of base salaries, net of withholding taxes	17,502	—	120	—	—	120

Shares issued in connection with public offering and private placement transactions, net of transaction costs	357,889	—	1,902	—	—	1,902

Warrants issued in connection with refinancing of term loan debt	—	—	481	—	—	481

Net loss for the year ended December 31, 2024	—	—	—	(22,395)	(165)	(22,560)

Balance as of December 31, 2024	2,368,072	$2	$106,666	$(76,244)	$(2,026)	$28,398

(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.