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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Nov. 16, 2012
Entity Registrant Name	XCel Brands, Inc.
Entity Central Index Key	0001083220
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	xelb
Entity Common Stock, Shares Outstanding		7,517,137
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2012
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2012

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Assets
Cash and cash equivalents	$ 4,131,000	$ 2,718,000
Restricted cash	0	175,000
Accounts receivable, net	3,342,000	2,191,000
Prepaid expenses	415,000	401,000
Other current assets	69,000	85,000
Total current assets	7,957,000	5,570,000
Property and Equipment:
Leasehold improvements, furniture and equipment	1,509,000	1,399,000
Less: accumulated depreciation	320,000	76,000
Total property and equipment	1,189,000	1,323,000
Other Assets:
Trademarks, goodwill and other intangibles, net	58,804,000	59,200,000
Deferred finance costs, net	475,000	591,000
Other assets	314,000	9,000
Total other assets	59,593,000	59,800,000
Total Assets	68,739,000	66,693,000
Liabilities and Stockholders' Equity
Accounts payable and accrued expenses	912,000	878,000
Deferred revenue, net of long-term portion	314,000	503,000
Other current liabilities	102,000	66,000
Current portion of long-term debt	1,374,000	44,000
Total current liabilities	2,702,000	1,491,000
Long-Term Liabilities:
Term loan, net of short-term portion	11,307,000	12,344,000
Seller note	6,166,000	5,765,000
Installment debt obligation, net of short-term portion	1,002,000	1,114,000
Contingent obligations - seller	17,766,000	17,765,000
Deferred tax liability	11,022,000	11,570,000
Other long-term liabilities, less current portion	372,000	26,000
Total long-term liabilities	47,635,000	48,584,000
Total Liabilities	50,337,000	50,075,000
Commitments and contingencies
Stockholders' Equity:
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $.001 par value, 25,000,000 shares authorized, 7,517,137 and 5,810,444 issued and outstanding at September 30, 2012 and December 31, 2011, respectively	7,000	6,000
Paid-in capital	21,351,000	17,904,000
Accumulated deficit	(2,956,000)	(1,292,000)
Total stockholders' equity	18,402,000	16,618,000
Total Liabilities and Stockholders' Equity	$ 68,739,000	$ 66,693,000

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2012	Dec. 31, 2011
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares issued	7,517,137	5,810,444
Common stock, shares outstanding	7,517,137	5,810,444

Condensed Consolidated Statements of Operations - USD ($)		3 Months Ended		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2012	Sep. 28, 2011	Sep. 30, 2012	Sep. 28, 2011
Other expenses
Net (loss) income				$ (1,664,000)
Successor [Member]
Licensing revenue	$ 42,000	$ 2,854,000		7,989,000
Design and service fee income	6,000	960,000		1,614,000
Total revenues	48,000	3,814,000		9,603,000
Direct licensing costs	0	89,000		174,000
Net licensing, design and service fee revenue	48,000	3,725,000		9,429,000
Expenses
Design and marketing costs	25,000	1,365,000		3,668,000
General and administrative expenses	792,000	2,570,000		5,669,000
Acquisition and due diligence costs	423,000	0		0
Depreciation and amortization	2,000	216,000		640,000
Total expenses	1,242,000	4,151,000		9,977,000
Operating income (loss)	(1,194,000)	(426,000)		(548,000)
Other expenses
Interest expense - debt	6,000	286,000		858,000
Other interest and finance charges	6,000	262,000		778,000
Total interest and finance costs	12,000	548,000		1,636,000
Income (loss) before income taxes	(1,206,000)	(974,000)		(2,184,000)
Income tax provision (benefit)	1,000	(502,000)		(520,000)
Net (loss) income	$ (1,207,000)	$ (472,000)		$ (1,664,000)
(Loss) per share:
Basic and diluted (in dollars per share)	$ (0.21)	$ (0.06)		$ (0.25)
Weighted average number of common shares outstanding:
Basic and diluted (in shares)	5,743,319	7,517,151		6,772,244
Predecessor [Member]
Licensing revenue			$ 2,672,000		$ 7,911,000
Design and service fee income			268,000		818,000
Total revenues			2,940,000		8,729,000
Direct licensing costs			0		0
Net licensing, design and service fee revenue			2,940,000		8,729,000
Expenses
Design and marketing costs			938,000		2,786,000
General and administrative expenses			421,000		1,384,000
Acquisition and due diligence costs			0
Depreciation and amortization			71,000		211,000
Total expenses			1,430,000		4,381,000
Operating income (loss)			1,510,000		4,348,000
Other expenses
Interest expense - debt			0		0
Other interest and finance charges			0		0
Total interest and finance costs			0		0
Income (loss) before income taxes			1,510,000		4,348,000
Income tax provision (benefit)			3,000		175,000
Net (loss) income			$ 1,507,000		$ 4,173,000

Condensed Consolidated Statement of Stockholders' Equity - 9 months ended Sep. 30, 2012 - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balances at Dec. 31, 2011	$ 6,000	$ 17,904,000	$ (1,292,000)	$ 16,618,000
Balances (in shares) at Dec. 31, 2011	5,810,444
Warrants issued in connection with licensing agreement		23,000		23,000
Direct costs relating to equity placement.		(3,000)		(3,000)
Compensation expense in connection with stock options and warrants to directors and management		85,000		85,000
Shares issued to employees and directors in connection with restricted stock grants	$ 1,000	4,634,000		4,635,000
Shares issued to employees and directors in connection with restricted stock grants (in shares)	1,544,943
Unamortized portion of restricted stock		(1,291,000)		(1,291,000)
Shares issued on exercise of warrants	$ 0	1,000		1,000
Shares issued on exercise of warrants (in shares)	162,500
Forfeiture of prior stock grants	$ 0	(2,000)		(2,000)
Forfeiture of prior stock grants (in shares)	(750)
Net loss for the nine months ended September 30, 2012			(1,664,000)	(1,664,000)
Balances at Sep. 30, 2012	$ 7,000	$ 21,351,000	$ (2,956,000)	$ 18,402,000
Balances (in shares) at Sep. 30, 2012	7,517,137

Condensed Consolidated Statements of Cash Flows - USD ($)		9 Months Ended
	Sep. 30, 2011	Sep. 30, 2012	Sep. 28, 2011
Cash flows from operating activities
Net income (loss)		$ (1,664,000)
Cash flows from financing activities
Repayment of lease obligation		(1,500,000)
Cash and cash equivalents, beginning of period		2,718,000
Cash and cash equivalents, end of period		4,131,000
Successor [Member]
Cash flows from operating activities
Net income (loss)	$ (1,207,000)	(1,664,000)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	2,000	640,000
Amortization of deferred finance costs	1,000	93,000
Stock-based compensation	747,000	3,479,000
Amortization of seller note discount	3,000	401,000
Amortization of senior note discount	0	176,000
Deferred income taxes	0	(548,000)
Changes in operating assets and liabilities:
Accounts receivable	(48,000)	(1,151,000)
Prepaid expenses	406,000	(172,000)
Other current assets	0	16,000
Accounts payables and accrued expenses	(649,000)	66,000
Royalty advances	0	131,000
Other liabilities	(160,000)	50,000
Net cash provided by (used in) operating activities	(905,000)	1,517,000
Cash flows from investing activities
Acquisition of Isaac Mizrahi Trademarks and related intangible property, and tangible property and equipment	(10,174,000)
Payment of assumed obligation of Seller	(1,500,000)
Purchase of property and equipment	0	(110,000)
Increase in long-term security deposit	0	(175,000)
Reduction of restricted cash	(175,000)	175,000
Net cash used in investing activities	(11,849,000)	(110,000)
Cash flows from financing activities
Member distributions	0
Proceeds from term loan	13,500,000
Proceeds from sale of common stock and warrants	4,305,000
Payment of expenses related to equity and recapitalization	(463,000)	(3,000)
(Payment) Refund of deferred finance costs	(460,000)	22,000
Repayment of lease obligation	0	(13,000)
Net cash provided by (used in) financing activities	16,882,000	6,000
Net increase in cash and cash equivalents	4,128,000	1,413,000
Cash and cash equivalents, beginning of period	0	2,718,000
Cash and cash equivalents, end of period	4,128,000	4,131,000	$ 0
Supplemental disclosure of non-cash information
Warrants issued to Licensee		23,000
Forfeiture of employee stock grants		(2,000)
Restricted stock grants to employees and directors		4,635,000
Retrospective accounting adjustment increasing deferred tax liability and goodwill	1,739,000
Value of common stock issued to Sellers as partial consideration in the acquisition of Isaac Mizrahi Business	9,215,000
Value of common stock issued to Earthbound as partial consideration in the acquisition of Isaac Mizrahi Business	3,155,000
Issuance of Seller Notes as partial consideration in the acquisition of Isaac Mizrahi Business (net of debt discount - see Note 5)	5,637,000
Value of Warrants to purchase 364,428 of common stock for $.01 per share issued to Noteholders	1,214,000
Contingent equity pay-out relating to acquisition of Isaac Mizrahi Business	15,000,000
Contingent obligations relating to acquisition of Isaac Mizrahi Business	2,765,000
Assumed Other Long Term liabilities as partial consideration of the Isaac Mizrahi Business	1,132,000
Deferred tax liability relating to the net tax effect of the excess book value over tax basis of acquired intangible asset	9,615,000
Deferred tax liability relating to the net tax effect of the Seller Note discount amount	635,000
Value of equipment and software received from Earthbound	71,000
Assumed capitalized lease obligation	24,000
Supplemental disclosure of non-cash information
Cash paid during the period for income taxes	0	62,000
Cash paid during the period for interest	129,000	$ 916,000
Predecessor [Member]
Cash flows from operating activities
Net income (loss)			4,173,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense			211,000
Amortization of deferred finance costs			0
Stock-based compensation			0
Amortization of seller note discount			0
Amortization of senior note discount			0
Deferred income taxes			0
Changes in operating assets and liabilities:
Accounts receivable			(183,000)
Prepaid expenses			220,000
Other current assets			(32,000)
Accounts payables and accrued expenses			213,000
Royalty advances			(2,270,000)
Other liabilities			0
Net cash provided by (used in) operating activities			2,332,000
Cash flows from investing activities
Purchase of property and equipment			0
Increase in long-term security deposit			0
Reduction of restricted cash			0
Net cash used in investing activities			0
Cash flows from financing activities
Member distributions			(2,147,000)
Proceeds from sale of common stock and warrants			0
Payment of expenses related to equity and recapitalization			0
(Payment) Refund of deferred finance costs			0
Repayment of lease obligation			0
Net cash provided by (used in) financing activities			(2,147,000)
Net increase in cash and cash equivalents			185,000
Cash and cash equivalents, beginning of period	$ 231,000		46,000
Cash and cash equivalents, end of period			231,000
Supplemental disclosure of non-cash information
Cash paid during the period for income taxes			0
Cash paid during the period for interest			$ 175,000

Condensed Consolidated Statements of Cash Flows (Parenthetical)	9 Months Ended
	Sep. 30, 2012 $ / shares shares
Warrants Issued to Purchase Common Stock (in shares) \| shares	364,428
Warrants Exercise Price Per Share (in dollars per share) \| $ / shares	$ 0.01

NATURE OF OPERATIONS, BACKGROUND, BASIS OF PRESENTATION AND REVERSE ACQUISITION

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NATURE OF OPERATIONS, BACKGROUND, BASIS OF PRESENTATION AND REVERSE ACQUISITION

The accompanying unaudited condensed consolidated interim financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management of Xcel Brands, Inc., (“Xcel”, the "Company", “we”, “us”, or “our”), all adjustments (consisting primarily of normal recurring accruals) considered necessary for a fair presentation have been included. The Condensed Consolidated Balance Sheet as of December 31, 2011 has been derived from audited consolidated financial statements. Operating results for the three months (“Current Quarter”) and nine months (“Current Nine Months”) ended September 30, 2012 are not necessarily indicative of the results that may be expected for a full fiscal year.

On September 29, 2011 (the “Acquisition Date”), the Company, formerly known as Net Fabrics Holdings, Inc. merged with Xcel Brands, Inc. (“Old XCel”) and acquired from IM Ready-Made, LLC (“IM Ready”) certain assets and assumed certain obligations (the “Isaac Mizrahi Business”) whereby the Isaac Mizrahi Business was deemed to be the Predecessor of the Company for financial statement presentation purposes. Accordingly, the accompanying financial statements designate periods preceding the Acquisition Date as relating to the Predecessor and all references to periods on and after September 29, 2011 shall be referred to as Successor.

For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011 (“2011”), filed with the Securities and Exchange Commission on March 30, 2012.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The condensed consolidated financial statements include the accounts of Xcel Brands, Inc. and its wholly-owned subsidiaries. All material inter-company accounts and transactions have been eliminated in consolidation.

Presentation of Predecessor Financial Statements

The financial statements covered by the Predecessor have been prepared for the purpose of complying with the rules and regulations of the U.S. Securities and Exchange Commission. The Isaac Mizrahi Business was not a separate legal entity, thus the financial statements are not necessarily indicative of the results of operations that would have occurred if the Isaac Mizrahi Business had been operated as a separate legal entity.

All of the allocations and estimates in the accompanying Predecessor financial statements are based on assumptions that IM Ready and Xcel management (collectively “management”) believe are reasonable, and reasonably approximate the historical costs that the Isaac Mizrahi Business would have incurred as a separate entity. However, these allocations and estimates are not necessarily indicative of the costs and expenses that would have resulted if the Isaac Mizrahi Business had been operated as a separate entity. The allocations of expenses were made to comply with the guidance provided by Staff Accounting Bulletin Topic 1B1, “Allocation of Expenses and Related Disclosure in Financial Statements of Subsidiaries, Divisions or Lesser Business Components of another Entity”.

Use of Estimates

The preparation of the condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the year. Actual results could be affected by those estimates.

Fair Value of Financial Instruments

For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities, the carrying amounts approximate fair value due to the short-term maturities of these instruments. The carrying value of the debt approximates fair value because the fixed interest rate approximates market rate.

Accounts Receivable

Accounts receivable represent amounts that are due to the Company by its licensees and other operating account debtors in the normal course of business. As of September 30, 2012 the Company has $3,342,000 of accounts receivables, net of allowance for doubtful accounts of $17,000, which is deemed sufficient by Management. The accounts receivable balance includes $333,000 of earned revenues that have been accrued but not billed as of September 30, 2012.

Trademarks, Goodwill and Other Intangible Assets

The Company follows Financial Accounting Standards Board Accounting Codification (“ASC Topic 350”) Intangibles, Goodwill, and Other. Under this standard, goodwill and indefinite lived assets are not amortized. The Company’s definite lived intangible assets are amortized over their estimated useful lives.

Under this standard, the Company annually has the option to first assess qualitatively whether it is more likely than not that there is an impairment. The Company completed its annual qualitative assessment of goodwill at December 31, 2011 and determined that no impairment charges were required.

Contingent Obligations

Management will analyze and quantify the expected earn-out payments over the applicable pay-out period. Management will assess no less frequently than each reporting period the status of contingent obligations and any expected changes in the fair market value of such contingent obligations. Any change in the expected obligation will result in an expense or income recognized in the period in which it is determined fair market value of the carrying value has changed. There was no change in the contingent obligation for the nine months ended September 30, 2012.

Income Taxes

Income tax expense consists of the tax payable for the period and the change during the period in deferred tax assets and liabilities. Deferred income taxes are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted rates in effect during the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized.

ASC Topic 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. Tax positions shall initially be recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions shall initially and subsequently be measured as the largest amount of tax benefit that has a probability of fifty percent (50%) or greater of being realized upon ultimate settlement with the tax authority, assuming full knowledge of the position and all relevant facts.

The Company has no unrecognized tax benefits as of September 30, 2012 and December 31, 2011. The Company’s U.S. Federal and state and local income tax returns are closed prior to fiscal year 2008 and management continually evaluates expiring statues of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings.

If applicable, the Company would recognize interest and penalties associated with tax matters as part of the income tax provision, and include accrued interest and penalties with accrued expenses in the condensed consolidated balance sheets.

Revenue Recognition

The Company recognizes revenue when persuasive evidence of a sale arrangement exists, delivery has occurred and services have been rendered, the sales price is fixed and determinable, and collectability is reasonably assured. The Company has two primary types of revenues: (i) royalties based on the sale of products by its licensees or other contractual partners, and (ii) design and service fees based on services provided. Revenues from royalties are recognized when earned, which include guaranteed minimum royalties, if any, and additional revenues based on a percentage of defined sales by our licensees or other contractual partners for each period. Royalties exceeding the guaranteed minimum amounts are recognized as income during the period that corresponds to the licensees’ or partners’ sales.

Design and service fees are recorded and recognized in accordance with the terms and conditions of each service contract, including the Company meeting its obligations and providing the relevant services under each contract. Generally, we record on a straight line basis, each base fee as stated in each service agreement for the covered period and, if applicable, we recognize additional payments received that relate to a future period as deferred revenue, until service is provided or revenue is otherwise earned.

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with ASC Topic 718 by recognizing the fair value of stock-based compensation in the condensed consolidated statements of operations. The fair value of the Company’s stock option awards are estimated using the Black-Scholes option valuation model. This model requires the input of highly subjective assumptions and elections including expected stock price volatility and the estimated life of each award. In addition, the calculation of compensation costs requires that the Company estimate the number of awards that will be forfeited during the vesting period. The fair value of the Company’s stock grant awards is valued at the current value of the stock at the time of the grant. The fair value of stock-based awards is amortized over the vesting period of each respective award. For stock-based awards that vest based on performance conditions (e.g. achievement of certain milestones), expense is recognized when it is probable that the condition will be met. Stock-based compensation expense is recognized as a component of Design and Marketing Expenses and General and Administrative in the Condensed Consolidated Statements of Operations.

Restricted Stock

Compensation cost for restricted stock is measured using the market price of the Company’s common stock at the date the common stock is granted. The compensation cost is recognized over the period between the issue date and the date any restrictions lapse.

Earnings per Share

Basic earnings per share includes no dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect, in periods in which they have a dilutive effect, the effect of restricted stock-based awards and common shares issuable upon exercise of stock options and warrants. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options outstanding were exercised and all convertible notes have been converted into common stock. Shares that may be issued for contingent obligations are excluded until all necessary conditions and other criteria are met.

As of September 30, 2012, of the total potentially dilutive shares related to stock options and warrants, 921,001 were anti-dilutive and not included in the computation of diluted shares outstanding. For the three months and nine months ended September 30, 2012, basic and diluted weighted average shares are the same. There are no comparative results for the prior year quarter.

Segment Reporting

The Company operates in one segment.

Recently Issued Accounting Standards

In July 2012, the FASB issued ASU 2012-02, “Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment.” ASU 2012-02 simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. Examples of intangible assets subject to the guidance include indefinite-lived trademarks, licenses, and distribution rights. The standard applies to all public, private, and not-for-profit organizations. The amendments in this update are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The adoption of ASU No. 2012-02 is not expected to have a material impact on the Company’s results of operations or the Company’s consolidated financial position.

Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s condensed consolidated financial statements.

Trademarks, Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

3. Trademarks, Goodwill and Other Intangibles

Trademarks, goodwill and other intangibles, net consist of the following:

		September 30, 2012						December 31, 2011
		(Unaudited)
	Estimated	Gross						Gross
	Lives in	Carrying		Accumulated		Net		Carrying		Accumulated		Net
	Years	Amount		Amortization		Amount		Amount		Amortization		Amount

Indefinite life trademarks	Indefinite	$	44,500,000	$	-	$	44,500,000	$	44,500,000	$	-	$	44,500,000
Goodwill	Indefinite		12,835,000		-		12,835,000		12,835,000		-		12,835,000
Licensing agreements	4		2,000,000		531,000		1,469,000		2,000,000		135,000		1,865,000
		$	59,335,000	$	531,000	$	58,804,000	$	59,335,000	$	135,000	$	59,200,000

Amortization expense for intangible assets for the Current Quarter and the Current Nine Months was $132,000 and $396,000, respectively. The trademarks of Isaac Mizrahi and related goodwill have been determined to have an indefinite useful life and accordingly, consistent with ASC Topic 350, no amortization has been recorded in the Company's unaudited condensed consolidated statements of operations. Instead, each of these intangible assets are tested for impairment, at least annually, on an individual basis as separate single units of accounting, with any related impairment charge recorded to the condensed consolidated statements of operations at the time of determining such impairment.

In connection with the Isaac Mizrahi Business acquisition, the condensed consolidated balance sheet as of December 31, 2011 has been recast to include retrospective purchase accounting adjustments. The purchase accounting adjustments pertain to measurement period adjustments based on the final computation of the tax basis of the assets acquired in the Isaac Mizrahi Business acquisition, as well as a change in the allocation of revenues among state and local tax jurisdictions.

The effect on the condensed consolidated balance sheets at December 31, 2011, as a result of the recast, is an increase to goodwill of $1,739,000 to $12.8 million and an increase to the deferred tax liability, related to the acquired intangibles of $1,739,000. There is no effect on the condensed consolidated statements of cash flows or the condensed consolidated statements of operations for the Current Quarter, the Current Nine Months or the period September 29, 2011 to December 31, 2011.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Significant Contracts

9 Months Ended

Sep. 30, 2012

Significant Contracts [Abstract]

Significant Contracts [Text Block]

4. Significant Contracts

QVC Agreement

In connection with the Company’s agreement with QVC, Inc. (“QVC”), QVC is required to pay fees based primarily on a percentage of its QVC's net sales of Isaac Mizrahi branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Royalties from QVC totaled $1,900,000 and $1,650,000 for the Current Quarter and for the three months ended September 30, 2011 (the “Prior Year Quarter”), respectively, representing 50% and 55% of the Company’s total revenues, respectively. The Prior Year Quarter includes, on an aggregate basis, results of the Predecessor for the period July 1, 2011 through September 28, 2011 (the “Predecessor Prior Year Quarter”) and results of the Successor for the period September 29, 2011 through September 30, 2011 (the “Successor Prior Year Period”). Royalties for the Predecessor Prior Year Quarter and the Successor Prior Year Period were $1,614,000 and $36,000, respectively. Royalties from QVC totaled $5,700,000 and $4,950,000 for the Current Nine Months and for the nine months ended September 30, 2011 (the “Prior Year Nine Months”), respectively, representing 59% and 56% of the Company’s total revenues, respectively. The Prior Year Nine Months includes, on an aggregate basis, results of the Predecessor from the period January 1, 2011 through September 28, 2011 (the “Predecessor Prior Year Nine Months”) and results of the Successor for the period September 29, 2011 through September 30, 2011 (the “Successor Prior Year Period”). Royalties for the Predecessor Prior Year Nine Months and the Successor Prior Year Period were $4,914,000 and $36,000, respectively. As of September 30, 2012 and December 31, 2011, the Company had a receivable from QVC for each year in the amount of $1,900,000, representing 57% and 87% of the Company’s receivables, respectively.

LC Agreement

In connection with the Company’s agreement with Liz Claiborne, Inc. (“LC”) (the “LCNY Agreement”) LC is required to pay the Company royalties based primarily on a percentage of royalties LC receives from QVC under a separate license agreement between LC and QVC. Revenues from the LCNY Agreement totaled $458,000 and $313,000 for the Current Quarter and the Prior Year Quarter, respectively, representing 12% and 11% of the Company’s total revenues, respectively. Revenues for the Predecessor Prior Year Quarter and the Successor Prior Year Period were $307,000 and $6,000, respectively. Revenues from LCNY totaled $1,208,000 and $713,000 for the Current Nine Months and for the Prior Year Nine Months, respectively, representing 13% and 8% of the Company’s total revenues, respectively. Revenues for the Predecessor Prior Year Nine Months and the Successor Prior Year Period were $707,000 and $6,000, respectively. As of September 30, 2012 and December 31, 2011, the Company had a receivable from LCNY in the amount of $961,000 and $377,000, representing 29% and 17% of the Company’s receivables, respectively.

LC/QVC Design fees

In connection with the Company’s design agreement with QVC for the term of the LCNY Agreement (the “Design Agreement”), QVC is required to pay certain design fees to the Company related to the Liz Claiborne New York brand. Revenues from the Design Agreement totaled $275,000 and $275,000 for the Current Quarter and for the Prior Year Quarter, respectively, representing 7% and 9% of the Company’s total revenues, respectively. Revenues from the Design Agreement for the Predecessor Prior Year Quarter and the Successor Prior Year Period were $269,000 and $6,000, respectively. Revenues from the Design Agreement totaled $825,000 for each of the Current Nine Months and for the Prior Year Nine Months, representing 9% and 9% of the Company’s total revenues, respectively. Revenues for the Predecessor Prior Year Nine Months and the Successor Prior Year Period were $818,000 and $6,000, respectively.

Long-Term Debt

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

5. Long-Term Debt

The Company’s net carrying amount of long-term debt is comprised of the following:

	September 30,		December 31,
	2012		2011
	(Unaudited)
Term Loan	$	12,520,000	$	12,344,000
Seller Note		6,166,000		5,765,000
Installment debt obligation		1,163,000		1,158,000
Contingent obligation – due to Seller		17,766,000		17,765,000
Total		37,615,000		37,032,000
Current portion		1,374,000		44,000
Total long term liabilities	$	36,241,000	$	36,988,000

Term Loan

On September 29, 2011, IM Brands, LLC (“IM Brands”) a wholly-owned subsidiary of the Company, entered into a five-year senior secured facility (the “Loan”) with Midmarket Capital Partners, LLC (“MidMarket”) and Noteholders in the aggregate principal amount of $13,500,000. The Loan is secured by all of the assets of IM Brands and the Company’s membership interests in IM Brands.

The principal amount of the Loan is payable quarterly as follows: 0% until January 5, 2013, 2.5% on January 5, 2013 through October 5, 2013; 3.75% on January 5, 2014 through October 5, 2014; 6.25% on January 5, 2015 through October 5, 2015; 12.5% on January 5, 2016 through the maturity date, which is the date that is 5 years after the closing date.

Annual scheduled principal obligations are as follows:

Years Ending December 31,
2012	$	-
2013		1,350,000
2014		2,025,000
2015		3,375,000
2016		6,750,000
Total	$	13,500,000

The preceding table does not include Excess Cash Flow Sweep payments (detailed below). The interest rate on the loan is a fixed rate of 8.5%, payable in cash.

Optional Prepayment . IM Brands may prepay the Loan in whole or in part in increments of $500,000, provided that IM Brands pays the following premiums in connection with the prepayment:

Period	Applicable Premium
First year following the Closing		3	%
Second year following the Closing		2	%
Third year following the Closing		1	%
Fourth year following the Closing		0	%

Mandatory Prepayments. IM Brands is required to prepay the Loan under the following conditions: (1) if certain indebtedness is incurred by the Company; (2) if IM Brands undertakes certain asset sales or sales of capital stock, with limited exceptions; or (3) if there is a payment of the benefits of a life insurance policy for Isaac Mizrahi held by the Company.

Excess Cash Flow Sweep. In addition to the Mandatory Prepayments described above, if for any fiscal year ending on or subsequent to December 31, 2012, there is excess cash flow (as defined in the Loan Agreement) for such year, then on the payment date following the end of such year, IM Brands is required to make a principal payment on the Loan equal to the lesser of (i) 50% of the excess cash flow or (ii) the positive result of the unencumbered cash and cash equivalents of the Company minus the greater of (x) the Excess Liquidity, (as defined in the Loan Agreement) required to be maintained by IM Brands and (y) $3,000,000. For the period ended September 30, 2012, there was no Excess Cash Flow Sweep payment due, however the condensed consolidated balance sheet includes $200,000 in current liabilities as current portion of long term debt payable in April 2013.

Lender Warrants. At the closing of the Loan, the Company issued to the Noteholders seven-year warrants (the “Lender Warrants”) to purchase 364,428 shares of the Common Stock, representing 5% of the Common Stock outstanding as of the Closing Date on a fully diluted basis. The warrants have an exercise price of $0.01 and contain a cashless exercise provision. The Company granted to the holders of the Lender Warrants piggy-back registration rights with respect to the shares of Common Stock issuable upon exercise of the Lender Warrants. The carrying value of the Term Loan has been reduced by the fair value of the warrants, equal to $3.33 per share. The Company used the Black Scholes Method to determine valuation. The amount of the original loan discount is $1,214,000, resulting in an initial net loan balance of $12,286,000. The original loan discount is being amortized over the five-year term of the loan. The Company recognized $59,000 and $176,000 of amortized interest expense included in the Unaudited Condensed Consolidated Statements of Operations for the Current Quarter ended and the Current Nine Months ended, respectively. The Term Loan balance as of September 30, 2012 is $12,520,000.

Financial Covenants. Provided that as the Loan remains unpaid or unsatisfied, IM Brands shall not, and shall not permit any of its subsidiaries to, directly or indirectly:

Minimum Liquidity. Permit Excess Liquidity (as defined in the Loan Agreement) to be less than the amount set forth below during each applicable period set forth below:

Fiscal Quarter	Excess Liquidity
September 29, 2011 through December 31, 2011	$	1,500,000
January 1, 2012 through March 31, 2012		1,750,000
April 1, 2012 through June 30, 2012		2,250,000
July 1, 2012 through September 30, 2012		2,750,000
October 1, 2012 through June 30, 2013		3,000,000
July 1, 2013 through September 30, 2013		3,250,000
October 1, 2013 through March 31, 2014		3,500,000
April 1, 2014 through June 30, 2014		3,750,000
July 1, 2014 and thereafter		4,000,000

Capital Expenditures. Permit the aggregate amount of Capital Expenditures to exceed $400,000 (whether or not financed) per year.

III

Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio (as defined in the Loan Agreement) as of the end of each of the fiscal quarters ending on the dates (or for the periods) set forth for the period of four fiscal quarters ending on such dates (or for the periods) below to be less than the ratio set forth below opposite such period:

		Minimum Fixed Charge
Trailing Four Fiscal Quarters Ending		Coverage Ratio
September 30, 2012 and December 31, 2012		1.90 to 1.00
March 31, 2013 and June 30, 2013		1.60 to 1.00
September 30, 2013, December 31, 2013, March 31, 2014, June 30, 2014 and September 30, 2014		1.50 to 1.00
December 31, 2014 and March 31, 2015		1.30 to 1.00
June 30, 2015 and thereafter		1.15 to 1.00

Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio (as defined in the Loan Agreement) as of the end of each of the fiscal quarters ending on the dates (or for the periods) set forth for the period of four fiscal quarters ending on such dates (or for the periods) below to be greater than the ratio set forth below opposite such period:

			Maximum
			Consolidated
Trailing Four Fiscal Quarters Ending			Leverage Ratio
September 30, 2012 and December 31, 2012			3.50 to 1.00
March 31, 2013			3.30 to 1.00
June 30, 2013 and September 30, 2013			3.00 to 1.00
December 31, 2013			2.75 to 1.00
March 31, 2014			2.25 to 1.00
June 30, 2014 and thereafter			2.00 to 1.00

Minimum Consolidated EBITDA. Permit Consolidated EBITDA (as defined in the Loan Agreement) as of the end of each of the fiscal quarters ending on the dates set forth for the period of four fiscal quarters ending on such dates below to be less than the amount set forth opposite such quarter in the table below; provided that for the fiscal quarters ended on December 31, 2011, March 31, 2012 and June 30, 2012, such periods shall be one fiscal quarter, two fiscal quarters and three fiscal quarters, respectively:

Fiscal Quarter	Consolidated EBITDA
December 31, 2011	$	250,000
March 31, 2012		1,250,000
June 30, 2012		2,500,000
September 30, 2012		4,000,000
December 31, 2012 and March 31, 2013		4,250,000
June 30, 2013		4,500,000
September 30, 2013		4,750,000
December 31, 2013 and thereafter		5,000,000

Dividend Restrictions. Permit any cash dividends or any other equity distributions.

VII

Restricted Cash Payments. Permit any cash payments for the Seller Note or any contingent earn-out obligations.

As of September 30, 2012, the Company and IM Brands were in full compliance with all of the covenants under the Loan.

Seller Note

Pursuant to the Purchase Agreement, at the closing, the Company delivered to IM Ready an unsecured promissory note (the “Seller Note”) in the principal amount of $7,377,000. The stated interest rate of the Seller Note is 0.25%. Management has determined that this rate is below the Company’s expected borrowing rate, which is 9.25%. Therefore, the Company has discounted the Seller Note by $1,740,000 using a 9.0%, imputed annual interest rate, resulting in an initial value of $5,637,000. In addition, the Company pre-paid $123,000 of interest on the Seller Note on the Closing Date. The Company recognized $137,000 and $401,000 of amortized interest expense included in the Unaudited Condensed Consolidated Statements of Operations for the Current Quarter and the Current Nine Months, respectively. The Seller Note balance at September 30, 2012 is $6,166,000.

The Seller Note initially matures three years from the Closing Date (the “Maturity Date”) subject to extension as described below (the date to which the maturity date of the Seller Note is extended is referred to as the “Subsequent Maturity Date”). We have the right to pay the Seller Note at the Maturity Date in cash or, subject to the following conditions, in shares of Common Stock. If we elect to repay the outstanding principal amount of the Seller Note on the Maturity Date by issuing shares of Common Stock, the number of shares issuable will be obtained by dividing the principal amount of the Seller Note then outstanding by the greater of (i) the fair value of the Common Stock on the Maturity Date and (ii) $4.50 subject to certain adjustments; provided, however, that if the fair value of the Common Stock is less than $4.50 as adjusted, IM Ready will have the option to extend the maturity of the Seller Note to the Subsequent Maturity Date, September 29, 2016. If the maturity date of the Seller Note is so extended, IM Ready will have the option to convert the Seller Note into Common Shares based on the greater of (i) the fair value of the Common Stock on the Subsequent Maturity Date and (ii) $4.50, subject to certain adjustments. If the maturity date of the Seller Note is extended, we will also have the option to repay the outstanding principal amount of the Seller Note on the Subsequent Maturity Date in cash or by issuing the number of shares of Common Stock obtained by dividing the principal amount of the Note outstanding on the Subsequent Maturity Date by the fair value of the Common Stock on the Maturity Date. In addition, at any time the Seller Note is outstanding, we have the right to convert the Note, in whole or in part, into the number of shares of Common Stock obtained by dividing the principal amount to be converted by the fair value of the Common Stock at the time of the conversion, so long as the fair value of our Common Stock is at least $4.50.

Long Term Installment Obligations

Prior to the Acquisition Date, Earthbound, LLC (“Earthbound”) had certain rights and provided certain services to IM Ready related to the Isaac Mizrahi Business. Effective as of the Acquisition Date, IM Ready and Earthbound entered into the Services Agreement pursuant to which Earthbound provided transitional services to IM Ready prior to the Acquisition Date and for which Earthbound received from IM Ready $600,000 in cash on the Acquisition Date and IM Ready agreed to pay to Earthbound an additional payment of $1,500,000 (the “Future Payment”), with such amount payable over the next five years. The Company assumed the obligations related to the Future Payment from IM Ready upon its acquisition of the Isaac Mizrahi Business. The five-year unsecured obligation is non-interest bearing and the Company has discounted the amount of the installment obligation by a 9.25% imputed annual interest rate, resulting in an initial fair value of $1,132,000. The Company recognized $26,000 and $80,000 of amortized interest expense included in the Unaudited Condensed Consolidated Statements of Operations for the Current Quarter and the Current Nine Months, respectively. The balance of the Installment Obligation at September 30, 2012 is $1,163,000.

Payments commenced March 2012. Annual gross remaining payments are as follows:

Year Ending December 31,
2012	$	75,000
2013		325,000
2014		325,000
2015		350,000
2016		350,000
Total	$	1,425,000

Contingent obligation – due to Seller

There was no change in the contingent obligation for the nine months ended September 30, 2012.

Stockholders' Equity

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

6. Stockholders’ Equity

2011 Equity Incentive Plan

The Company’s 2011 Equity Incentive Plan (the “Plan”) is designed and utilized to enable the Company to offer its employees, officers, directors, consultants and others whose past, present and/or potential contributions to the Company have been, are or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company. A total of 2,500,000 shares of common stock are eligible for issuance under the Plan. The Plan provides for the grant of any or all of the following types of awards: stock options, restricted stock, deferred stock, stock appreciation rights and other stock-based awards. The Plan is administered by the Board, or, at the Board's discretion, a committee of the Board. On October 17, 2011, the Company issued to the board 250,000 options. 33.33% vest immediately, 33.33% vest on the first anniversary of the grant and the 33.34% vest on the second anniversary of the grant.

On October 21, 2011 the Company issued to employees (non-management) 17,125 stock options and 17,125 restricted stock grants. The employee stock options and restricted stock grants vest 50% on the first anniversary of the grant and 50% vest on the second anniversary of the grant. Of these awards, 750 options and 750 restricted stock grants were forfeited, and reverted to, and are eligible for re-grant under the Plan.

On April 17, 2012, the Company issued to management an aggregate of 1,100,000 restricted stock grants. The vesting date of 1,025,000 shares of restricted stock is November 15, 2012, provided, however, that each such grantee may extend the vesting date by six-month increments in his or her sole discretion. The vesting date of 37,500 shares of restricted stock is May 15, 2013, provided however, the executive may extend the vesting date by six-month increments in his sole discretion. The vesting date of 37,500 shares of restricted stock is May 15, 2014, provided however, the executive may extend the vesting date by six-month increments in his sole discretion.

Also, on April 17, 2012, the Company granted 50,000 shares of restricted stock to a non-executive employee. The vesting date of the 50,000 shares of restricted stock is November 15, 2012, provided however, the employee may extend the vesting date by nine-month increments in her sole discretion.

On May 1, 2012, the Company granted options to purchase an aggregate of 105,500 shares of Common Stock (the “Options”) to non-executive employees of the Company. The exercise price per share of the Options is $3.00 per share, and 50% of the Options will vest on each of the first and second anniversaries of the grant date.

On June 1, 2012, the Company issued to non-management directors 138,335 restricted stock grants. The vesting date of 138,335 shares of restricted stock is December 1, 2012, provided, however, that each such grantee may extend the vesting date by six-month increments in his sole discretion.

On June 1, 2012, the Company issued to management 242,775 restricted stock grants. The vesting date of 242,775 shares of restricted stock is December 1, 2012, provided, however, that each such grantee may extend the vesting date by six-month increments in his sole discretion.

Also, on June 1, 2012, the Company granted 13,833 shares of restricted stock to a non-executive employee. The vesting date of the 13,833 shares of restricted stock is December 1, 2012, provided however, the employee may extend the vesting date by six-month increments in her sole discretion.

None of the above vesting dates subject to an extension provision have been extended by any of the recipients.

Licensee Warrants

As part of the terms and conditions of a certain license agreement effective October 1, 2011, the Company issued warrants to purchase 75,000 shares of common stock to a licensee having a fair value of $23,000. The Warrants are exercisable in whole or in part, at an exercise price of $5.50 per share (“Exercise Price”). The Warrants may be exercised at any time upon the election of the holder, beginning on January 23, 2012, the date of issuance, and ending on the fifth anniversary of the date of issuance. Upon the expiration of the Warrant exercise period, the Warrants will expire and become void and worthless.

Stock Options

The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options which have no vesting restrictions and are fully transferable. In addition, option valuation models require the input of highly subjective assumptions including the expected stock price volatility. The Company's employee stock options have characteristics significantly different from those of traded options.

The fair value for these options and warrants for all years was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility	35-42	%
Expected Dividend Yield	0	%
Expected Life (Term)	3 – 5.75 years
Risk-Free Interest Rate	0.42% - 0.98	%

The options that the Company granted under its plans expire at various times, either five, seven or ten years from the date of grant, depending on the particular grant.

Options

				Weighted-Average
	Options			Exercise Price

Outstanding at January 1, 2012		267,125		$	5.00
Granted		105,500			3.00
Canceled		-			-
Exercised		-			-
Expired/Forfeited		(750	)		5.00
Outstanding at September 30, 2012		371,875		$	4.43
Exercisable at September 30, 2012		82,500		$	5.00
Shares expected to vest after September 30, 2012		289,375		$	4.27

The preceding table does not include options to purchase 576 shares of Common Stock for $728 per share issued under the Company’s former equity plan. The Company does not expect to issue any equity awards under this plan.

Compensation expense related to stock option grants in connection with the licensing agreement for the Current Quarter and the Current Nine Months was $23,000 and $51,000, respectively. There was no compensation expense prior to the Successor period. An additional amount of $124,000 is expected to be expensed over a period of 19-months.

Warrants

				Weighted-Average
	Warrants			Exercise Price

Outstanding at January 1, 2012		1,219,543		$	1.95
Granted		75,000			5.50
Canceled		-			-
Exercised		(162,500	)		0.01
Expired/Forfeited		-			-
Outstanding at September 30, 2012		1,132,043		$	2.47
Exercisable at September 30, 2012		1,082,043		$	2.35
Shares expected to vest after September 30, 2012		50,000		$	5.00

The Company values warrants issued to non-employees at the commitment date at the fair value of the instruments issued, a measure which is more readily available than the fair value of services rendered, using the Black-Scholes model. The fair value of the instruments issued is expensed over the contractual period with the exception of warrants issued to the Company’s licensee, whereby these warrants reduce license revenue recognized by the Company related to such licensee over the initial 5-year term of the licensee agreement. The stock-based compensation recorded for the Current Quarter and the Current Nine Months is $11,000 and $33,000, respectively. An additional amount of $44,000 is expected to be expensed evenly over a period of 12 months. In addition, licensing revenues were reduced for the Current Quarter and the Current Nine Months by $1,000 and $3,000, respectively. An additional amount of $19,000 is expected to off-set license revenues evenly over a period of 48-months. There was no compensation expense or reduction of licensed revenues prior to the Successor period.

The Company issued warrants to purchase 430,500 shares of common stock to investors as part of an equity offering in a private placement on September 29, 2011 (see the Company’s 8-K/A filed with the Securities and Exchange Commission on January 12, 2012 for details). Each warrant provides the holder with the right to purchase one share of common stock for $.01 per share. During the nine months ended September 30, 2012, 162,500 shares were exercised. As of September 30, 2012 there were warrants to purchase 218,000 shares of common stock outstanding, which expire on September 29, 2016.

Restricted Stock

Compensation cost for restricted stock is measured as the excess, if any, of the market price of the Company’s stock at the date the common stock is issued over the amount the employee must pay to acquire the stock (which is generally zero). The compensation cost, net of projected forfeitures, is recognized over the period between the issue date and the date any restrictions lapse, with compensation cost for grants with a vesting schedule recognized on a straight-line basis over the requisite service period. The restrictions do not affect voting and dividend rights.

	Restricted Shares			Weighted-Average Grant Date - Fair Value

Outstanding at January 1, 2012		17,125		$	3.34
Granted		1,544,943		$	3.00
Canceled		-
Vested		-
Expired/Forfeited		(750	)	$	3.34
Outstanding at September 30, 2012		1,561,318		$	3.00

Compensation expense related to restricted stock grants for the Current Quarter and Current Nine Months was $2,008,000 and $3,393,000, respectively. There was no compensation expense prior to the Successor period. An additional amount of $1,290,000 is recorded as unamortized restricted stock and netted against additional paid-in capital on the condensed consolidated balance sheet at September 30, 2012 of which $1,120,000 is expected to be expensed the remainder of this year and an additional amount of $170,000 is expected to be expensed by May 15, 2014.

Shares Available Under the Company’s 2011 Equity Incentive Plan

At September 30, 2012, there were 566,807 shares of common stock available for issuance under the Company’s 2011 Equity Incentive Plan (the “Plan”). See Note 9, Subsequent Events.

Shares Reserved for Issuance

At September 30, 2012, there were 2,071,301 shares of common stock reserved for issuance under the Plan and outstanding warrants and stock options not covered under the Plan.

Dividends

The Company has not paid any dividends to date.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 1
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
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-Article 3

+ Details

Income taxes

9 Months Ended

Sep. 30, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Income taxes

The significant components of net deferred tax liability of the Company consist of the following:

	September 30, 2012
Deferred tax assets
Long term deferred revenue	$	134,000
Stock based compensation		950,000
Accrued compensation and other		81,000
Total deferred tax assets		1,165,000

Deferred tax liability
Property and equipment		13,000
Basis difference arising from discounted note payable		490,000
Basis difference arising from intangible assets of acquisition		11,684,000
Total deferred tax liabilities		12,187,000
Net deferred tax liability	$	11,022,000

See Note 3, Trademarks, Goodwill and Other Intangibles, for details relating to the purchase accounting adjustments pertaining to measurement period adjustments based on the final computation of the tax basis of the assets acquired in the Isaac Mizrahi Business acquisition, as well as a change in the allocation of revenue among state and local tax jurisdictions.

The effect on the condensed consolidated balance sheet at December 31, 2011, as a result of the recast, is an increase to the deferred tax liability, related to the acquired intangibles of $1,739,000. There is no effect on the condensed consolidated statements of cash flow or the condensed consolidated statements of operations for the period September 29, 2011 to December 31, 2011.

The Company’s effective income tax rate for the Current Quarter and Current Nine Months has been adjusted for differences between previous estimates and actual results.

The Company has unused Federal net operating loss (“NOL”) carryforward from December 31, 2011 of $277,000. As of September 30, 2012 the Company expects to have taxable income before a NOL deduction in excess of this amount. Therefore the related deferred tax asset has been reduced accordingly.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

+ Details

Related Party Transactions

9 Months Ended

Sep. 30, 2012

Related Party Transactions

Todd Slater

On August 12, 2011, Old XCel entered into a one-year agreement which was amended on October 4, 2011, with Todd Slater, who was appointed as a director of the Company commencing on October 17, 2011, for services related to the Company’s licensing strategy and introduction of potential licensees. During the term of the agreement or during the year following the expiration of the term of the agreement, if the Company enters into a license or distribution agreement with a licensee introduced by Mr. Slater, Mr. Slater will receive a commission equal to fifteen percent (15%) of all net royalties received by the Company during the first term of such agreement, payable within thirty days of receipt of the net royalties.

On July 10, 2012, the Company and Mr. Slater, entered into an amendment (the “Amendment”) to the agreement. Pursuant to the Amendment, the Company paid to Mr. Slater $163,000 as payment in full for (i) the cancellation of all amounts which are or may otherwise become due or payable to Mr. Slater under the terms of the agreement for licensees already introduced to the Company by Mr. Slater and which Mr. Slater was entitled to fifteen percent (15%) of the revenues from such licensees under the agreement, and (ii) the assignment to the Company of all such amounts payable directly to Mr. Slater pursuant to such license agreements. The Company has capitalized this payment and shall amortize the expense in accordance with the revenue earned from the respective licensing agreements in which this payment was based upon.

In addition, Mr. Slater earned $10,599 and $18,133 in fees, separate from the buy-out payment above, during the Current Quarter and Current Nine Months, respectively.

Licensing Agent Agreement

On August 2, 2011, Old XCel entered into a licensing agent agreement with Adam Dweck (“AD”) who is an Executive Vice President of Earthbound pursuant to which he is entitled to a five percent (5%) commission on any royalties we receive under any new license agreements that he procures for us during the initial term of such license agreements. We are obligated to grant to AD 5-year warrants to purchase 12,500 shares of common stock at an exercise price of $5.00 per share, subject to AD generating $0.5 million of accumulated royalties and an additional 5-year warrants to purchase 12,500 shares of common stock at an exercise price of $5.00 per share, subject to AD generating $1.0 million of accumulated royalties. Additionally, AD shall be entitled to receive 5-year warrants to purchase 25,000 shares of common stock priced at the fair value at the time of issuance, subject to AD generating $2.0 million of accumulated royalties. AD is the son of Jack Dweck, who is a 5% stockholder of the Company and will become a Director of the Company on November 21, 2012. AD earned $3,340 and $8,482 in fees for the Current Quarter and Current Nine Months, respectively. Through September 30, 2012, AD has not earned any warrants.

Jones Texas, LLC

Ed Jones, a principal shareholder and chief executive officer of Jones Texas, LLC was appointed to the Company’s Board of Directors following the Acquisition Date, which appointment became effective on October 17, 2011. Jones Texas, LLC procured a license for the Company which the Company agreed to remit 15% of the license revenues for the initial term of the license. Jones Texas, LLC earned $750 and $2,250 in fees for the Current Quarter and Current Nine Months, respectively.

IM Ready-Made, LLC

The Company and IM Ready-Made, LLC had transactions between each other relating to the transitions of the Isaac Mizrahi Business from IM Ready to the Company. In addition, IM Ready received payments in the 4^th calendar quarter 2011 and 1^st calendar quarter 2012 that related to periods after the Predecessor period. As of September 30, 2012, IM Ready owes the Company approximately $68,000 which is recorded in ‘other current assets’ on the unaudited condensed consolidated balance sheets. IM Ready has agreed to reimburse the Company in full by December 31, 2012, including paying interest to the Company beginning from April 1, 2012 at a rate equal to the Seller Note interest rate of approximately 0.25% per annum.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
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-Number 210
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-Name Regulation S-X (SX)
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events [Abstract]

Subsequent Events [Text Block]

Subsequent Events

The Board of Directors and holders of a majority of the outstanding Common Stock have approved an amendment to the Plan to reserve an additional 2,500,000 shares of Common Stock to be issuable under the Plan (for a total of 5,000,000 shares of Common Stock to be so issuable) (the “Amended Plan”) upon the terms and conditions of the Amended Plan with respect to shares of Common Stock issuable upon exercise of options granted under the Amended Plan or grants of restricted stock or other stock-based awards under the Amended Plan, together with such additional number of shares that may be issued pursuant to anti-dilution provisions of the Amended Plan. On November 1, 2012 the Company mailed an information statement describing the action to the Company’s stockholders, and, as a result, the amendment to the Plan will become effective on November 21, 2012.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2012
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The condensed consolidated financial statements include the accounts of Xcel Brands, Inc. and its wholly-owned subsidiaries. All material inter-company accounts and transactions have been eliminated in consolidation.
Basis of Accounting, Policy [Policy Text Block]	Presentation of Predecessor Financial Statements The financial statements covered by the Predecessor have been prepared for the purpose of complying with the rules and regulations of the U.S. Securities and Exchange Commission. The Isaac Mizrahi Business was not a separate legal entity, thus the financial statements are not necessarily indicative of the results of operations that would have occurred if the Isaac Mizrahi Business had been operated as a separate legal entity. All of the allocations and estimates in the accompanying Predecessor financial statements are based on assumptions that IM Ready and Xcel management (collectively “management”) believe are reasonable, and reasonably approximate the historical costs that the Isaac Mizrahi Business would have incurred as a separate entity. However, these allocations and estimates are not necessarily indicative of the costs and expenses that would have resulted if the Isaac Mizrahi Business had been operated as a separate entity. The allocations of expenses were made to comply with the guidance provided by Staff Accounting Bulletin Topic 1B1, “Allocation of Expenses and Related Disclosure in Financial Statements of Subsidiaries, Divisions or Lesser Business Components of another Entity”.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the year. Actual results could be affected by those estimates.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and other current liabilities, the carrying amounts approximate fair value due to the short-term maturities of these instruments. The carrying value of the debt approximates fair value because the fixed interest rate approximates market rate.
Receivables, Policy [Policy Text Block]	Accounts Receivable Accounts receivable represent amounts that are due to the Company by its licensees and other operating account debtors in the normal course of business. As of September 30, 2012 the Company has $3,342,000 of accounts receivables, net of allowance for doubtful accounts of $17,000, which is deemed sufficient by Management. The accounts receivable balance includes $333,000 of earned revenues that have been accrued but not billed as of September 30, 2012.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Trademarks, Goodwill and Other Intangible Assets The Company follows Financial Accounting Standards Board Accounting Codification (“ASC Topic 350”) Intangibles, Goodwill, and Other. Under this standard, goodwill and indefinite lived assets are not amortized. The Company’s definite lived intangible assets are amortized over their estimated useful lives. Under this standard, the Company annually has the option to first assess qualitatively whether it is more likely than not that there is an impairment. The Company completed its annual qualitative assessment of goodwill at December 31, 2011 and determined that no impairment charges were required.
Contingent Liability Reserve Estimate, Policy [Policy Text Block]	Contingent Obligations Management will analyze and quantify the expected earn-out payments over the applicable pay-out period. Management will assess no less frequently than each reporting period the status of contingent obligations and any expected changes in the fair market value of such contingent obligations. Any change in the expected obligation will result in an expense or income recognized in the period in which it is determined fair market value of the carrying value has changed. There was no change in the contingent obligation for the nine months ended September 30, 2012.
Income Tax, Policy [Policy Text Block]	Income Taxes Income tax expense consists of the tax payable for the period and the change during the period in deferred tax assets and liabilities. Deferred income taxes are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted rates in effect during the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. Tax positions shall initially be recognized in the financial statements when it is more likely than not that the position will be sustained upon examination by the tax authorities. Such tax positions shall initially and subsequently be measured as the largest amount of tax benefit that has a probability of fifty percent (50%) or greater of being realized upon ultimate settlement with the tax authority, assuming full knowledge of the position and all relevant facts. The Company has no unrecognized tax benefits as of September 30, 2012 and December 31, 2011. The Company’s U.S. Federal and state and local income tax returns are closed prior to fiscal year 2008 and management continually evaluates expiring statues of limitations, audits, proposed settlements, changes in tax law and new authoritative rulings. If applicable, the Company would recognize interest and penalties associated with tax matters as part of the income tax provision, and include accrued interest and penalties with accrued expenses in the condensed consolidated balance sheets.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition The Company recognizes revenue when persuasive evidence of a sale arrangement exists, delivery has occurred and services have been rendered, the sales price is fixed and determinable, and collectability is reasonably assured. The Company has two primary types of revenues: (i) royalties based on the sale of products by its licensees or other contractual partners, and (ii) design and service fees based on services provided. Revenues from royalties are recognized when earned, which include guaranteed minimum royalties, if any, and additional revenues based on a percentage of defined sales by our licensees or other contractual partners for each period. Royalties exceeding the guaranteed minimum amounts are recognized as income during the period that corresponds to the licensees’ or partners’ sales. Design and service fees are recorded and recognized in accordance with the terms and conditions of each service contract, including the Company meeting its obligations and providing the relevant services under each contract. Generally, we record on a straight line basis, each base fee as stated in each service agreement for the covered period and, if applicable, we recognize additional payments received that relate to a future period as deferred revenue, until service is provided or revenue is otherwise earned.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC Topic 718 by recognizing the fair value of stock-based compensation in the condensed consolidated statements of operations. The fair value of the Company’s stock option awards are estimated using the Black-Scholes option valuation model. This model requires the input of highly subjective assumptions and elections including expected stock price volatility and the estimated life of each award. In addition, the calculation of compensation costs requires that the Company estimate the number of awards that will be forfeited during the vesting period. The fair value of the Company’s stock grant awards is valued at the current value of the stock at the time of the grant. The fair value of stock-based awards is amortized over the vesting period of each respective award. For stock-based awards that vest based on performance conditions (e.g. achievement of certain milestones), expense is recognized when it is probable that the condition will be met. Stock-based compensation expense is recognized as a component of Design and Marketing Expenses and General and Administrative in the Condensed Consolidated Statements of Operations.
Restricted Stock [Policy Text Block]	Restricted Stock Compensation cost for restricted stock is measured using the market price of the Company’s common stock at the date the common stock is granted. The compensation cost is recognized over the period between the issue date and the date any restrictions lapse.
Earnings Per Share, Policy [Policy Text Block]	Earnings per Share Basic earnings per share includes no dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect, in periods in which they have a dilutive effect, the effect of restricted stock-based awards and common shares issuable upon exercise of stock options and warrants. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options outstanding were exercised and all convertible notes have been converted into common stock. Shares that may be issued for contingent obligations are excluded until all necessary conditions and other criteria are met. As of September 30, 2012, of the total potentially dilutive shares related to stock options and warrants, 921,001 were anti-dilutive and not included in the computation of diluted shares outstanding. For the three months and nine months ended September 30, 2012, basic and diluted weighted average shares are the same. There are no comparative results for the prior year quarter.
Segment Reporting, Policy [Policy Text Block]	Segment Reporting The Company operates in one segment.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards In July 2012, the FASB issued ASU 2012-02, “Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment.” ASU 2012-02 simplifies the guidance for testing the decline in the realizable value (impairment) of indefinite-lived intangible assets other than goodwill. Examples of intangible assets subject to the guidance include indefinite-lived trademarks, licenses, and distribution rights. The standard applies to all public, private, and not-for-profit organizations. The amendments in this update are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The adoption of ASU No. 2012-02 is not expected to have a material impact on the Company’s results of operations or the Company’s consolidated financial position. Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s condensed consolidated financial statements.

Trademarks, Goodwill and Other Intangibles (Tables)

9 Months Ended

Sep. 30, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Trademarks, goodwill and other intangibles, net consist of the following:

		September 30, 2012						December 31, 2011
		(Unaudited)
	Estimated	Gross						Gross
	Lives in	Carrying		Accumulated		Net		Carrying		Accumulated		Net
	Years	Amount		Amortization		Amount		Amount		Amortization		Amount

Indefinite life trademarks	Indefinite	$	44,500,000	$	-	$	44,500,000	$	44,500,000	$	-	$	44,500,000
Goodwill	Indefinite		12,835,000		-		12,835,000		12,835,000		-		12,835,000
Licensing agreements	4		2,000,000		531,000		1,469,000		2,000,000		135,000		1,865,000
		$	59,335,000	$	531,000	$	58,804,000	$	59,335,000	$	135,000	$	59,200,000

Long-Term Debt (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

The Company’s net carrying amount of long-term debt is comprised of the following:

	September 30,		December 31,
	2012		2011
	(Unaudited)
Term Loan	$	12,520,000	$	12,344,000
Seller Note		6,166,000		5,765,000
Installment debt obligation		1,163,000		1,158,000
Contingent obligation – due to Seller		17,766,000		17,765,000
Total		37,615,000		37,032,000
Current portion		1,374,000		44,000
Total long term liabilities	$	36,241,000	$	36,988,000

Schedule of Maturities of Long-term Loan [Table Text Block]

Annual scheduled principal obligations are as follows:

Years Ending December 31,
2012	$	-
2013		1,350,000
2014		2,025,000
2015		3,375,000
2016		6,750,000
Total	$	13,500,000

Schedule Optional Prepayment Applicable Premium Percentage [Table Text Block]

Optional Prepayment . IM Brands may prepay the Loan in whole or in part in increments of $500,000, provided that IM Brands pays the following premiums in connection with the prepayment:

Period	Applicable Premium
First year following the Closing		3	%
Second year following the Closing		2	%
Third year following the Closing		1	%
Fourth year following the Closing		0	%

Schedule of Debt Minimum Liquidity [Table Text Block]

Minimum Liquidity. Permit Excess Liquidity (as defined in the Loan Agreement) to be less than the amount set forth below during each applicable period set forth below:

Fiscal Quarter	Excess Liquidity
September 29, 2011 through December 31, 2011	$	1,500,000
January 1, 2012 through March 31, 2012		1,750,000
April 1, 2012 through June 30, 2012		2,250,000
July 1, 2012 through September 30, 2012		2,750,000
October 1, 2012 through June 30, 2013		3,000,000
July 1, 2013 through September 30, 2013		3,250,000
October 1, 2013 through March 31, 2014		3,500,000
April 1, 2014 through June 30, 2014		3,750,000
July 1, 2014 and thereafter		4,000,000

Schedule of Minimum Fixed Charge Coverage Ratio [Table Text Block]

		Minimum Fixed Charge
Trailing Four Fiscal Quarters Ending		Coverage Ratio
September 30, 2012 and December 31, 2012		1.90 to 1.00
March 31, 2013 and June 30, 2013		1.60 to 1.00
September 30, 2013, December 31, 2013, March 31, 2014, June 30, 2014 and September 30, 2014		1.50 to 1.00
December 31, 2014 and March 31, 2015		1.30 to 1.00
June 30, 2015 and thereafter		1.15 to 1.00

Schedule of Maximum Consolidated Leverage Ratio [Table Text Block]

			Maximum
			Consolidated
Trailing Four Fiscal Quarters Ending			Leverage Ratio
September 30, 2012 and December 31, 2012			3.50 to 1.00
March 31, 2013			3.30 to 1.00
June 30, 2013 and September 30, 2013			3.00 to 1.00
December 31, 2013			2.75 to 1.00
March 31, 2014			2.25 to 1.00
June 30, 2014 and thereafter			2.00 to 1.00

Schedule of Earnings Before Interest, Taxes, Depreciation and Amortization [Table Text Block]

Fiscal Quarter	Consolidated EBITDA
December 31, 2011	$	250,000
March 31, 2012		1,250,000
June 30, 2012		2,500,000
September 30, 2012		4,000,000
December 31, 2012 and March 31, 2013		4,250,000
June 30, 2013		4,500,000
September 30, 2013		4,750,000
December 31, 2013 and thereafter		5,000,000

Recorded Unconditional Purchase Obligations [Table Text Block]

Payments commenced March 2012. Annual gross remaining payments are as follows:

Year Ending December 31,
2012	$	75,000
2013		325,000
2014		325,000
2015		350,000
2016		350,000
Total	$	1,425,000

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note [Abstract]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The fair value for these options and warrants for all years was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility	35-42	%
Expected Dividend Yield	0	%
Expected Life (Term)	3 – 5.75 years
Risk-Free Interest Rate	0.42% - 0.98	%

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The options that the Company granted under its plans expire at various times, either five, seven or ten years from the date of grant, depending on the particular grant.

Options

				Weighted-Average
	Options			Exercise Price

Outstanding at January 1, 2012		267,125		$	5.00
Granted		105,500			3.00
Canceled		-			-
Exercised		-			-
Expired/Forfeited		(750	)		5.00
Outstanding at September 30, 2012		371,875		$	4.43
Exercisable at September 30, 2012		82,500		$	5.00
Shares expected to vest after September 30, 2012		289,375		$	4.27

Schedule of Share-based Compensation, Stock Warrant Activity [Table Text Block]

Warrants

				Weighted-Average
	Warrants			Exercise Price

Outstanding at January 1, 2012		1,219,543		$	1.95
Granted		75,000			5.50
Canceled		-			-
Exercised		(162,500	)		0.01
Expired/Forfeited		-			-
Outstanding at September 30, 2012		1,132,043		$	2.47
Exercisable at September 30, 2012		1,082,043		$	2.35
Shares expected to vest after September 30, 2012		50,000		$	5.00

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

	Restricted Shares			Weighted-Average Grant Date - Fair Value

Outstanding at January 1, 2012		17,125		$	3.34
Granted		1,544,943		$	3.00
Canceled		-
Vested		-
Expired/Forfeited		(750	)	$	3.34
Outstanding at September 30, 2012		1,561,318		$	3.00

Income taxes (Tables)

9 Months Ended

Sep. 30, 2012

Income Tax Disclosure [Abstract]

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The significant components of net deferred tax liability of the Company consist of the following:

	September 30, 2012
Deferred tax assets
Long term deferred revenue	$	134,000
Stock based compensation		950,000
Accrued compensation and other		81,000
Total deferred tax assets		1,165,000

Deferred tax liability
Property and equipment		13,000
Basis difference arising from discounted note payable		490,000
Basis difference arising from intangible assets of acquisition		11,684,000
Total deferred tax liabilities		12,187,000
Net deferred tax liability	$	11,022,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	921,001
Accounts Receivable, Net, Current	$ 3,342,000	$ 2,191,000
Allowance for Doubtful Accounts Receivable	17,000
Unbilled Receivables, Current	$ 333,000

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Trademarks, Goodwill and Other Intangibles (Details) - USD ($)	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Licensing agreements - Estimated Lives in Years	4 years
Indefinite life trademarks,Gross	$ 44,500,000	$ 44,500,000
Goodwill, Gross	12,835,000	12,835,000
Licensing agreements, Gross	2,000,000	2,000,000
Gross Carrying Amount	59,335,000	59,335,000
Licensing agreements - Accumulated Amortization	531,000	135,000
Accumulated Amortization	531,000	135,000
Indefinite life trademarks, Net	44,500,000	44,500,000
Goodwill, Net	12,835,000	12,835,000
Licensing agreements, Net	1,469,000	1,865,000
Net Amount	$ 58,804,000	$ 59,200,000

Trademarks, Goodwill and Other Intangibles (Details Textual) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2012	Sep. 30, 2012	Dec. 31, 2011
Amortization of Intangible Assets	$ 132,000	$ 396,000
Goodwill	$ 12,835,000	$ 12,835,000	$ 12,835,000
Retrospective Accounting Adjustment of Deferred Tax Liability and Goodwills			$ 1,739,000

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Significant Contracts (Details Textual) - USD ($)		3 Months Ended			9 Months Ended
Significant Contracts (Details Textual) - USD ($)	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 28, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 28, 2011	Dec. 31, 2011
Royalty Agreement With QVC [Member]
Royalty Revenue		$ 1,900,000	$ 1,650,000		$ 5,700,000	$ 4,950,000
Revenue from Royalty Percentage		50.00%	55.00%		59.00%	56.00%
Accounts Receivable, Gross		$ 1,900,000			$ 1,900,000			$ 1,900,000
Accounts Receivables, Percentage		57.00%			57.00%			87.00%
Royalty Agreement With QVC [Member] \| Predecessor [Member]
Royalty Revenue				$ 1,614,000			$ 4,914,000
Royalty Agreement With QVC [Member] \| Successor [Member]
Royalty Revenue	$ 36,000
Royalty Agreement With LC [Member]
Royalty Revenue		$ 458,000	$ 313,000		$ 1,208,000	$ 713,000
Revenue from Royalty Percentage		12.00%	11.00%		13.00%	8.00%
Accounts Receivable, Gross		$ 961,000			$ 961,000			$ 377,000
Accounts Receivables, Percentage		29.00%			29.00%			17.00%
Royalty Agreement With LC [Member] \| Predecessor [Member]
Royalty Revenue				307,000			707,000
Royalty Agreement With LC [Member] \| Successor [Member]
Royalty Revenue	6,000
Design Agreement With LC/QVC [Member]
Sales Revenue, Services, Net		$ 275,000	$ 275,000		$ 825,000	$ 825,000
Service Fee, Revenue Percentage		7.00%	9.00%		9.00%	9.00%
Design Agreement With LC/QVC [Member] \| Predecessor [Member]
Sales Revenue, Services, Net				$ 269,000			$ 818,000
Design Agreement With LC/QVC [Member] \| Successor [Member]
Sales Revenue, Services, Net	$ 6,000

Long-Term Debt (Details) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Term Loan	$ 12,520,000	$ 12,344,000
Seller Note	6,166,000	5,765,000
Installment debt obligation	1,163,000	1,158,000
Contingent obligation - due to Seller	17,766,000	17,765,000
Total	37,615,000	37,032,000
Current portion	1,374,000	44,000
Total long term liabilities	$ 36,241,000	$ 36,988,000

Long-Term Debt (Details 1) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Total	$ 37,615,000	$ 37,032,000
Loans Payable [Member]
2012		0
2013		1,350,000
2014		2,025,000
2015		3,375,000
2016		6,750,000
Total		$ 13,500,000

Long-Term Debt (Details 2)	9 Months Ended
Long-Term Debt (Details 2)	Sep. 30, 2012
First Year Following Closing [Member]
Applicable Premium	3.00%
Second Year Following Closing [Member]
Applicable Premium	2.00%
Third Year Following Closing [Member]
Applicable Premium	1.00%
Fourth Year Following Closing [Member]
Applicable Premium	0.00%

Long-Term Debt (Details 3)	9 Months Ended
Long-Term Debt (Details 3)	Sep. 30, 2012 USD ($)
September 29, 2011 Through December 31, 2011 [Member]
Excess Liquidity	$ 1,500,000
January 1, 2012 Through March 31, 2012 [Member]
Excess Liquidity	1,750,000
April 1, 2012 Through June 30, 2012 [Member]
Excess Liquidity	2,250,000
July 1, 2012 Through September 30, 2012 [Member]
Excess Liquidity	2,750,000
October 1, 2012 Through June 30, 2013 [Member]
Excess Liquidity	3,000,000
July 1, 2013 Through September 30, 2013 [Member]
Excess Liquidity	3,250,000
October 1, 2013 Through March 31, 2014 [Member]
Excess Liquidity	3,500,000
April 1, 2014 Through June 30, 2014 [Member]
Excess Liquidity	3,750,000
July 1, 2014 and Thereafter [Member]
Excess Liquidity	$ 4,000,000

Long-Term Debt (Details 4)	9 Months Ended
Long-Term Debt (Details 4)	Sep. 30, 2012
September 30, 2012 and December 31, 2012 [Member]
Minimum Fixed Charge Coverage Ratio	1.90 to 1.00
March 31, 2013 and June 30, 2013 [Member]
Minimum Fixed Charge Coverage Ratio	1.60 to 1.00
September 30, 2013, December 31, 2013, March 31, 2014, June 30, 2014 and September 30, 2014 [Member]
Minimum Fixed Charge Coverage Ratio	1.50 to 1.00
December 31, 2014 and March 31, 2015 [Member]
Minimum Fixed Charge Coverage Ratio	1.30 to 1.00
June 30, 2015 and Thereafter [Member]
Minimum Fixed Charge Coverage Ratio	1.15 to 1.00

Long-Term Debt (Details 5)	9 Months Ended
Long-Term Debt (Details 5)	Sep. 30, 2012
September 30, 2012 and December 31, 2012 [Member]
Maximum Consolidated Leverage Ratio	3.50 to 1.00
March 31, 2013 [Member]
Maximum Consolidated Leverage Ratio	3.30 to 1.00
June 30, 2013 and September 30, 2013 [Member]
Maximum Consolidated Leverage Ratio	3.00 to 1.00
December 31, 2013 [Member]
Maximum Consolidated Leverage Ratio	2.75 to 1.00
March 31, 2014 [Member]
Maximum Consolidated Leverage Ratio	2.25 to 1.00
June 30, 2014 and Thereafter [Member]
Maximum Consolidated Leverage Ratio	2.00 to 1.00

Long-Term Debt (Details 6)	9 Months Ended
Long-Term Debt (Details 6)	Sep. 30, 2012 USD ($)
December 31, 2011 [Member]
Consolidated EBITDA	$ 250,000
March 31, 2012 [Member]
Consolidated EBITDA	1,250,000
June 30, 2012 [Member]
Consolidated EBITDA	2,500,000
September 30, 2012 [Member]
Consolidated EBITDA	4,000,000
December 31, 2012 and March 31, 2013 [Member]
Consolidated EBITDA	4,250,000
June 30, 2013 [Member]
Consolidated EBITDA	4,500,000
September 30, 2013 [Member]
Consolidated EBITDA	4,750,000
December 31, 2013 and Thereafter [Member]
Consolidated EBITDA	$ 5,000,000

Long-Term Debt (Details 7)	Dec. 31, 2011 USD ($)
2012	$ 75,000
2013	325,000
2014	325,000
2015	350,000
2016	350,000
Total	$ 1,425,000

Long-Term Debt (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
Long-Term Debt (Details Textual) - USD ($)	Sep. 30, 2012	Sep. 30, 2012	Dec. 31, 2011
Installment Debt Obligation	$ 1,163,000	$ 1,163,000	$ 1,158,000
Long-term Debt, Contingent Payment of Principal or Interest		The principal amount of the Loan is payable quarterly as follows: 0% until January 5, 2013, 2.5% on January 5, 2013 through October 5, 2013; 3.75% on January 5, 2014 through October 5, 2014; 6.25% on January 5, 2015 through October 5, 2015; 12.5% on January 5, 2016 through the maturity date, which is the date that is 5 years after the closing date.
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate			8.50%
Percentage Of Excess Cash Flow	50.00%	50.00%
Other Long-term Debt, Current	$ 200,000	$ 200,000
Excess Liquidity Amount		$ 3,000,000
Warrants Issued to Purchase Common Stock (in shares)		364,428
Stated Interest Rate On Note Payable		5.00%
Warrants Exercise Price Per Share		$ 0.01
Warrants Market Price Per Share		$ 3.33
Debt Instrument, Unamortized Discount			$ 1,214,000
Long-term Debt	37,615,000	$ 37,615,000	37,032,000
Capital Expenditures Incurred		400,000
Payments Made by Seller at Time of Acquisition		600,000
Repayments of Long-term Capital Lease Obligations		1,500,000
Loans Payable [Member]
Debt Instrument, Face Amount			13,500,000
Other Long-term Debt, Current	500,000	500,000
Long-term Debt			$ 13,500,000
Interest Expense, Debt	59,000	176,000
Loans Payable [Member] \| Until January 5, 2013 [Member]
Debt Instrument, Periodic Payment, Percentage			0.00%
Loans Payable [Member] \| January 5, 2013 Through October 5, 2013 [Member]
Debt Instrument, Periodic Payment, Percentage			2.50%
Loans Payable [Member] \| January 5, 2014 Through October 5, 2014 [Member]
Debt Instrument, Periodic Payment, Percentage			3.75%
Loans Payable [Member] \| January 5, 2015 Through October 5, 2015 [Member]
Debt Instrument, Periodic Payment, Percentage			6.25%
Loans Payable [Member] \| January 5, 2016 Through Maturity Date [Member]
Debt Instrument, Periodic Payment, Percentage			12.50%
Seller Note [Member]
Debt Instrument, Face Amount	7,377,000	$ 7,377,000
Stated Interest Rate On Note Payable		0.25%
Debt Instrument, Unamortized Discount	1,740,000	$ 1,740,000
Long-term Debt	$ 6,166,000	$ 6,166,000
Imputed Annual Interest Rate	9.00%	9.00%
Subordinated Borrowing, Interest Rate		9.25%
Initial Outstanding Value of Long-term Debt or Borrowing	$ 5,637,000	$ 5,637,000
Initial Prepaid Interest	123,000	$ 123,000
Debt Instrument, Maturity Date, Description		(i) the fair value of the Common Stock on the Subsequent Maturity Date and (ii) $4.50, subject to certain adjustments. If the maturity date of the Seller Note is extended, we will also have the option to repay the outstanding principal amount of the Seller Note on the Subsequent Maturity Date in cash or by issuing the number of shares of Common Stock obtained by dividing the principal amount of the Note outstanding on the Subsequent Maturity Date by the fair value of the Common Stock on the Maturity Date. In addition, at any time the Seller Note is outstanding, we have the right to convert the Note, in whole or in part, into the number of shares of Common Stock obtained by dividing the principal amount to be converted by the fair value of the Common Stock at the time of the conversion, so long as the fair value of our Common Stock is at least $4.50.
Interest Expense, Debt	137,000	$ 401,000
Long Term Installment Obligations [Member]
Debt Instrument Optional Prepayment	$ 1,132,000	$ 1,132,000
Debt Instrument, Interest Rate, Effective Percentage	9.25%	9.25%
Interest Expense, Debt	$ 26,000	$ 80,000
Lender Warrants [Member]
Long-term Debt	$ 12,520,000	$ 12,520,000	$ 12,286,000

Stockholders' Equity (Details)	9 Months Ended
Stockholders' Equity (Details)	Sep. 30, 2012
Expected Volatility Rate Minimum	35.00%
Expected Volatility Rate Maximum	42.00%
Expected Dividend Yield	0.00%
Risk Free Interest Rate Minimum	0.42%
Risk Free Interest Rate Maximum	0.98%
Maximum [Member]
Expected Life (Term)	5 years 9 months
Minimum [Member]
Expected Life (Term)	3 years

Stockholders' Equity (Details 1)	9 Months Ended
Stockholders' Equity (Details 1)	Sep. 30, 2012 $ / shares shares
Options, Outstanding at January 1, 2012 \| shares	267,125
Options Granted \| shares	105,500
Options, Canceled \| shares	0
Options, Exercised \| shares	0
Options, Expired/Forfeited \| shares	(750)
Outstanding at September 30, 2012 \| shares	371,875
Outstanding at September 30, 2012 \| shares	82,500
Options, Shares expected to vest after September 30, 2012 \| shares	289,375
Weighted Average Exercise Price, Outstanding at January 1, 2012 \| $ / shares	$ 5.00
Weighted Average Exercise Price, Granted \| $ / shares	3.00
Weighted Average Exercise Price Canceled \| $ / shares	0
Weighted Average Exercise Price, Exercised \| $ / shares	0
Weighted Average Exercise Price, Expired/Forfeited \| $ / shares	5.00
Weighted Average Exercise Price, Outstanding at September 30, 2012 \| $ / shares	4.43
Weighted Average Exercise Price, Outstanding at September 30, 2012 \| $ / shares	5.00
Weighted-Average Exercise Price, Shares expected to vest after September 30, 2012 \| $ / shares	$ 4.27

Stockholders' Equity (Details 2) - Warrant [Member]	9 Months Ended
Stockholders' Equity (Details 2) - Warrant [Member]	Sep. 30, 2012 $ / shares shares
Warrants, Outstanding at January 1, 2012 \| shares	1,219,543
Warrants, Granted \| shares	75,000
Warrants, Canceled \| shares	0
Warrants, Exercised \| shares	(162,500)
Warrants, Expired/Forfeited \| shares	0
Warrants, Outstanding at September 30, 2012 \| shares	1,132,043
Warrants, Exercisable at September 30, 2012 \| shares	1,082,043
Warrants, Shares expected to vest after September 30, 2012 \| shares	50,000
Warrants, Weighted Average Exercise Price, Outstanding at January 1, 2012 \| $ / shares	$ 1.95
Warrants, Weighted Average Exercise Price, Granted \| $ / shares	5.50
Warrants, Weighted Average Exercise Price, Canceled \| $ / shares	0
Warrants, Weighted Average Exercise Price, Exercised \| $ / shares	0.01
Warrants, Weighted Average Exercise Price, Expired/Forfeited \| $ / shares	0
Warrants, Weighted Average Exercise Price, Outstanding at Sep 30, 2012 \| $ / shares	2.47
Warrants, Weighted Average Exercise Price, Exercisable at Sep 30, 2012 \| $ / shares	2.35
Warrants, Weighted-Average Exercise Price, Shares expected to vest after September 30, 2012 \| $ / shares	$ 5.00

Stockholders' Equity (Details 3) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2012 $ / shares shares
Restricted Shares Outstanding at January 1, 2012 \| shares	17,125
Restricted Shares, Granted \| shares	1,544,943
Restricted Shares, Canceled \| shares	0
Restricted Shares, Vested \| shares	0
Restricted Shares, Expired/Forfeited \| shares	(750)
Restricted Shares, Outstanding at September 30, 2012 \| shares	1,561,318
Weighted-Average Grant Date - Fair Value, Outstanding at January 1, 2012 \| $ / shares	$ 3.34
Weighted-Average Grant Date - Fair Value, Granted \| $ / shares	3.00
Weighted-Average Grant Date - Fair Value, Canceled \| $ / shares	0
Weighted-Average Grant Date - Fair Value, Vested \| $ / shares	0
Weighted-Average Grant Date - Fair Value, Expired/Forfeited \| $ / shares	3.34
Weighted-Average Grant Date - Fair Value, Outstanding at September 30, 2012 \| $ / shares	$ 3.00

Stockholders' Equity (Details Textual) - USD ($)				1 Months Ended		3 Months Ended	9 Months Ended	12 Months Ended
Stockholders' Equity (Details Textual) - USD ($)	Sep. 30, 2012	May 31, 2012	Apr. 30, 2012	Jun. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2012	Dec. 31, 2011
Share-Based Compensation Arrangements By Share-Based Payment Award, Options, Grants In Period, Weighted Average Exercise Price							$ 3.00
Common Stock, Capital Shares Reserved for Future Issuance	2,071,301					2,071,301	2,071,301
Warrants Exercise Price Per Share							$ 0.01
Warrant [Member]
Allocated Share-Based Compensation Expense						$ 11,000	$ 33,000
Unamortized Portion To Be Expensed							44,000
Licenses Revenue Reduction						$ 1,000	3,000
Additional Share-based Compensation Cost							$ 19,000
Warrants Issued During Period To Purchase Of Common Stock					430,500
Warrants Exercise Price Per Share					$ 0.01
Warrants Exercisable To Purchase Common Stock							218,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Exercises In Period						162,500
Licensee Warrants [Member]
Warrants Issued During Period To Purchase Of Common Stock							75,000
Warrants Exercise Price Per Share							$ 5.50
Warrants Issued During Period To Purchase Fair Value Of Common Stock							$ 23,000
Stock Options [Member]
Unamortized Portion To Be Expensed							124,000
Additional Share-based Compensation Cost						$ 23,000	51,000
Restricted Stock [Member]
Allocated Share-Based Compensation Expense						$ 2,008,000	3,393,000
Unamortized Portion To Be Expensed							$ 1,290,000
Stock Issued During Period, Shares, Restricted Stock Award, Forfeited							750
Restricted Stock [Member] \| May 15 2014 [Member]
Unamortized Portion To Be Expensed							$ 170,000
Restricted Stock [Member] \| Remainder Of This Year [Member]
Unamortized Portion To Be Expensed							$ 1,120,000
Common Stock [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Net Of Forfeitures							1,544,943
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Exercises In Period							162,500
Former Equity Plan [Member]
Outstanding Options From Old Equity Incentive Plan	576					576	576
Options To Purchase Of Common Stock	$ 728					$ 728	$ 728
Equity Incentive Plan 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	566,807					566,807	566,807
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period								2,500,000
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Term								33.33% vest immediately, 33.33% vest on the first anniversary of the grant and the 33.34% vest on the second anniversary of the grant.
Stock Issued During Period, Shares, Share-based Compensation, Gross								250,000.00
Stock Issued During Period, Shares, Restricted Stock Award, Net Of Forfeitures								17,125
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Net Of Forfeitures								17,125
Equity Incentive Plan 2011 [Member] \| Management [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Net Of Forfeitures			1,100,000	242,775
Equity Incentive Plan 2011 [Member] \| Non Management Directors [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Net Of Forfeitures				138,335
Equity Incentive Plan 2011 [Member] \| Stock Compensation Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Term								The employee stock options and restricted stock grants vest 50% on the first anniversary of the grant and 50% vest on the second anniversary of the grant.
Equity Incentive Plan 2011 [Member] \| Restricted Stock [Member] \| Management [Member] \| November 15 2012 [Member]
Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Number			1,025,000
Equity Incentive Plan 2011 [Member] \| Restricted Stock [Member] \| Management [Member] \| May 15 2013 [Member]
Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Number			37,500
Equity Incentive Plan 2011 [Member] \| Restricted Stock [Member] \| Management [Member] \| May 15 2014 [Member]
Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Number			37,500
Equity Incentive Plan 2011 [Member] \| Restricted Stock [Member] \| Non Executive Employees [Member]
Stock Issued During Period, Shares, Restricted Stock Award, Net Of Forfeitures	13,833
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Net Of Forfeitures			50,000
Equity Incentive Plan 2011 [Member] \| Restricted Stock [Member] \| Non Executive Employees [Member] \| November 15 2012 [Member]
Share Based Compensation Arrangement By Share Based Payment Award Options Expected To Vest Outstanding Number			50,000
Equity Incentive Plan 2011 [Member] \| Common Stock [Member] \| Non Executive Employees [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Net Of Forfeitures		105,500

Income taxes (Details) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Deferred tax assets
Long term deferred revenue	$ 134,000
Stock based compensation	950,000
Accrued compensation and other	81,000
Total deferred tax assets	1,165,000
Deferred tax liability
Property and equipment	13,000
Basis difference arising from discounted note payable	490,000
Basis difference arising from intangible assets of acquisition	11,684,000
Total deferred tax liabilities	12,187,000
Net deferred tax liability	$ 11,022,000	$ 11,570,000

Income taxes (Details Textual)	12 Months Ended
Income taxes (Details Textual)	Dec. 31, 2011 USD ($)
Unrecognized Tax Benefits Resulting in Net Operating Loss Carryforward	$ 277,000
Retrospective Accounting Adjustment of Deferred Tax Liability and Goodwills	$ 1,739,000

- Definition

Amount of an unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward. This amount is presented as a reduction of the related deferred tax asset in the balance sheet if that deferred tax asset is not used. This amount is presented separately from the deferred tax asset for a net operating loss carryforward if this unrelated tax benefit is associated with a different tax position.

+ References + Details

Related Party Transactions (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
Related Party Transactions (Details Textual) - USD ($)	Sep. 30, 2012	Sep. 30, 2012	Dec. 31, 2011
Other Assets, Current	$ 69,000	$ 69,000	$ 85,000
Todd Slater [Member]
Commission Rate To Related Party		15.00%
Related Party Transaction, Amounts of Transaction		$ 163,000
Fees Earned Separate From Buy Out Payment	10,599	$ 18,133
Adam Dweck [Member]
Commission Rate To Related Party		5.00%
Warrants Issued To Purchase Common Stock One			12,500
Warrants Exercise Price One			$ 5.00
Related Party Transaction Amounts Of Transaction One			$ 500,000
Warrants Issued To Purchase Common Stock Two			12,500
Warrants Exercise Price Two			$ 5.00
Related Party Transaction Amounts Of Transaction Two			$ 1,000,000
Warrants Issued To Purchase Common Stock Three			25,000
Related Party Transaction Amounts Of Transaction Three			$ 2,000,000
Jack Dweck [Member]
Related Party Transaction, Amounts of Transaction	3,340	$ 8,482
Jones Texas LLC [Member]
Commission Rate To Related Party		15.00%
Related Party Transaction, Amounts of Transaction	750	$ 2,250
IM Ready Made LLC [Member]
Related Party Transaction, Rate		0.25%
Other Assets, Current	$ 68,000	$ 68,000

Subsequent Events (Details Textual)	Sep. 30, 2012 shares
Common Stock, Capital Shares Reserved for Future Issuance	2,071,301
Subsequent Event [Member]
Common Stock, Capital Shares Reserved for Future Issuance	5,000,000
Amended Plan [Member] \| Subsequent Event [Member]
Common Stock, Capital Shares Reserved for Future Issuance	2,500,000

Stockholders' Equity (Details 3) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2012 $ / shares shares
Restricted Shares Outstanding at January 1, 2012 \| shares	17,125
Restricted Shares, Granted \| shares	1,544,943
Restricted Shares, Canceled \| shares	0
Restricted Shares, Vested \| shares	0
Restricted Shares, Expired/Forfeited \| shares	(750)
Restricted Shares, Outstanding at September 30, 2012 \| shares	1,561,318
Weighted-Average Grant Date - Fair Value, Outstanding at January 1, 2012 \| $ / shares	$ 3.34
Weighted-Average Grant Date - Fair Value, Granted \| $ / shares	3.00
Weighted-Average Grant Date - Fair Value, Canceled \| $ / shares	0
Weighted-Average Grant Date - Fair Value, Vested \| $ / shares	0
Weighted-Average Grant Date - Fair Value, Expired/Forfeited \| $ / shares	3.34
Weighted-Average Grant Date - Fair Value, Outstanding at September 30, 2012 \| $ / shares	$ 3.00