XCel Brands Inc
For the period ended Mar 31, 2025. Filed Jun 4, 2025.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Stockholders’ Equity
(in thousands, except share data)
| | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · Xcel Brands, Inc. Stockholders · · · · · · · | ||||||||||||||||||
| · · Common Stock · · · · · · · · · · · | ||||||||||||||||||
| · · Number of · · · · · Paid-In · · Accumulated · · Noncontrolling · · · | ||||||||||||||||||
| · Shares · Amount · Capital · Deficit · Interest · · · Total | ||||||||||||||||||
| 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 | | — | | | — | | | 36 | | | — | | | — | | | | 36 |
| | | | | | | | | | | | | | | | | | | |
| Contra-revenue related to warrants held by licensee | | — | | | — | | | 10 | | | — | | | — | | | | 10 |
| | | | | | | | | | | | | | | | | | | |
| Shares issued to consultant in connection with stock grant | 7,800 | | — | | 98 | | — | | — | | | 98 | ||||||
| | | | | | | | | | | | | | | | | | | |
| Shares issued in connection with public offering and private placement transactions, net of transaction costs | | 357,889 | | | — | | | 1,902 | | | — | | | — | | | | 1,902 |
| | | | | | | | | | | | | | | | | | | |
| Net loss | — | | — | | — | | (6,294) | | | (51) | | | (6,345) | |||||
| | | | | | | | | | | | | | | | | | | |
| Balance as of March 31, 2024 | 2,345,102 | | $2 | | $105,925 | | $(60,143) | | $(1,912) | | | $43,872 | ||||||
| | | | | | | | | | | | | | | | | | | |
| Balance as of December 31, 2024 | 2,368,072 | | $2 | | $106,666 | | $(76,244) | | $(2,026) | | | $28,398 | ||||||
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| Additional impact related to fractional shares from reverse stock split | | (57) | | | — | | | — | | | — | | | — | | | | — |
| | | | | | | | | | | | | | | | | | | |
| Compensation expense related to stock options and restricted stock | | — | | | — | | | 33 | | | — | | | — | | | | 33 |
| | | | | | | | | | | | | | | | | | | |
| Contra-revenue related to warrants held by licensee | | — | | | — | | | 10 | | | — | | | — | | | | 10 |
| | | | | | | | | | | | | | | | | | | |
| Shares issued to executives for pro rata portion of base salaries, net of withholding taxes | | 18,310 | | | — | | | 66 | | | — | | | — | | | | 66 |
| | | | | | | | | | | | | | | | | | | |
| Net loss | — | | — | | — | | (2,797) | | | — | | | (2,797) | |||||
| | | | | | | | | | | | | | | | | | | |
| Balance as of March 31, 2025 | 2,386,325 | | $2 | | $106,775 | | $(79,041) | | $(2,026) | | | $25,710 | ||||||
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 March 24, 20251-for-10 reverse stock split. See Note 1 and Note 7.
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