XCel Brands Inc

For the period ended Mar 31, 2025. Filed Jun 4, 2025.

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.

Mar 31, 2025 · Filed Jun 4, 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

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)


· March 31, 2025 · December 31, 2024
· · (Unaudited) · · (Note 1)
Assets · ·
Current Assets: · ·
Cash and cash equivalents	$298	$1,254
Accounts receivable, net of allowances for credit losses of $0	2,105	2,269
Prepaid expenses and other current assets	508	520
Total current assets	2,911	4,043
Non-current Assets:
Property and equipment, net	180	182
Operating lease right-of-use assets	3,573	3,751
Trademarks and other intangibles, net	33,877	34,759
Equity method investments	9,534	10,110
Other assets	2,411	911
Total non-current assets	49,575	49,713

Total Assets	$52,486	$53,756

Liabilities and Stockholders' Equity
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	$2,714	$2,734
Deferred revenue	1,398	1,380
Accrued income taxes payable	546	554
Current portion of operating lease obligations	1,594	1,513
Current portion of long-term debt	250	—
Contingent obligation	3,973	4,213
Total current liabilities	10,475	10,394
Long-Term Liabilities:
Deferred revenue	2,444	2,667
Long-term portion of operating lease obligations	4,956	5,297
Long-term debt, net, less current portion	8,470	6,569
Other long-term liabilities	431	431
Total long-term liabilities	16,301	14,964
Total Liabilities	26,776	25,358

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 2,386,325 and 2,368,072 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively	2	2
Paid-in capital	106,775	106,666
Accumulated deficit	(79,041)	(76,244)
Total Xcel Brands, Inc. stockholders' equity	27,736	30,424
Noncontrolling interest	(2,026)	(2,026)
Total Stockholders' Equity	25,710	28,398

Total Liabilities and Stockholders' Equity	$52,486	$53,756

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.