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Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2014	May 14, 2014
Document Information [Line Items]
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		10,812,759
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2014	Dec. 31, 2013
Current Assets:
Cash and cash equivalents	$ 6,468,000	$ 7,461,000
Accounts receivable, net	3,725,000	3,541,000
Inventory	125,000	70,000
Prepaid expenses	594,000	477,000
Total current assets	10,912,000	11,549,000
Property and Equipment:
Leasehold improvements, furniture and equipment	2,227,000	1,922,000
Less: accumulated depreciation	869,000	769,000
Total property and equipment	1,358,000	1,153,000
Other Assets:
Trademarks and other intangibles, net	45,176,000	45,308,000
Goodwill	12,371,000	12,371,000
Deferred finance costs, net	223,000	199,000
Other assets	492,000	344,000
Total other assets	58,262,000	58,222,000
Total Assets	70,532,000	70,924,000
Current Liabilities:
Accounts payable and accrued expenses	1,292,000	1,289,000
Deferred revenue	387,000	491,000
Other current liabilities	36,000	66,000
Current portion of long-term debt	1,250,000	565,000
Total current liabilities	2,965,000	2,411,000
Long-Term Liabilities:
Long-term debt, less current portion	23,240,000	24,161,000
Deferred tax liabilities	8,346,000	8,918,000
Other long-term liabilities	54,000	57,000
Total long-term liabilities	31,640,000	33,136,000
Total Liabilities	34,605,000	35,547,000
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, 10,812,759 and 10,005,509 issued and outstanding at March 31, 2014 and December 31, 2013, respectively	10,000	10,000
Paid-in capital	32,348,000	30,843,000
Retained earnings	3,569,000	4,524,000
Total stockholders' equity	35,927,000	35,377,000
Total Liabilities and Stockholders' Equity	$ 70,532,000	$ 70,924,000

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2014	Dec. 31, 2013
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	10,812,759	10,005,509
Common stock, shares outstanding	10,812,759	10,005,509

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Revenues
Net licensing revenue	$ 3,103,000	$ 2,903,000
Design and service fee revenue	437,000	285,000
Net retail sales	26,000	0
Total revenues	3,566,000	3,188,000
Cost of goods sold	33,000	0
Gross profit	3,533,000	3,188,000
Operating expenses
Salaries, benefits and employment taxes	2,102,000	1,565,000
Other design and marketing costs	175,000	198,000
Other selling, general and administrative expenses	743,000	604,000
Stock-based compensation	1,567,000	65,000
Depreciation and amortization	235,000	217,000
Total operating expenses	4,822,000	2,649,000
Operating income (loss)	(1,289,000)	539,000
Interest and finance expense
Interest expense - term loan	144,000	276,000
Other interest and finance charges	94,000	242,000
Total interest and finance expense	238,000	518,000
Income (loss) before income taxes	(1,527,000)	21,000
Provision (benefit) for income taxes	(572,000)	8,000
Net income (loss)	$ (955,000)	$ 13,000
Net income (loss) per share:
Basic (in dollars per share)	$ (0.09)	$ 0.00
Diluted (in dollars per share)	$ (0.09)	$ 0.00
Weighted average number of common shares outstanding:
Basic (in shares)	10,830,312	7,339,979
Diluted (in shares)	10,830,312	7,922,529

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities
Net income (loss)	$ (955,000)	$ 13,000
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization expense	235,000	217,000
Amortization of deferred finance costs	11,000	30,000
Stock-based compensation	1,567,000	65,000
Allowance for doubtful accounts	0	1,000
Amortization of seller note discount	78,000	143,000
Amortization of senior note discount	0	59,000
Deferred income tax benefit	(572,000)	(50,000)
Changes in operating assets and liabilities:
Accounts receivable	(185,000)	113,000
Inventory	(56,000)	0
Other assets	(108,000)	48,000
Accounts payable and accrued expenses	11,000	(487,000)
Deferred revenue	(114,000)	(29,000)
Other liabilities	(18,000)	70,000
Net cash provided by (used in) operating activities	(106,000)	193,000
Cash flows from investing activities
Purchase of property and equipment	(306,000)	(51,000)
Advance deposit related to trademark acquisition	(168,000)	0
Net cash used in investing activities	(474,000)	(51,000)
Cash flows from financing activities
Repayment of long-term debt	0	(338,000)
Shares repurchased on vesting of restricted stock	(63,000)	0
Payment of contingent obligation	(315,000)	0
Payment of deferred finance costs	(35,000)	0
Repayment of lease obligation	0	(3,000)
Net cash used in financing activities	(413,000)	(341,000)
Net decrease in cash and cash equivalents	(993,000)	(199,000)
Cash and cash equivalents, beginning of period	7,461,000	3,929,000
Cash and cash equivalents, end of period	6,468,000	3,730,000
Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes	39,000	155,000
Cash paid during the period for interest	$ 144,000	$ 286,000

Nature of Operations, Background and Basis of Presentation

3 Months Ended

Mar. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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

1.	Nature of Operations, Background and Basis of Presentation

The accompanying unaudited condensed consolidated 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 10-01 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, 2013 has been derived from audited consolidated financial statements. Operating results for the three months ended March 31, 2014 (the “Current Quarter”) are not necessarily indicative of the results that may be expected for a full fiscal year.

The Company engages in the design, licensing, marketing and retail sales of consumer brands, including the Isaac Mizrahi Brand and certain rights of the Liz Claiborne New York Brand (“LCNY”) and the Judith Ripka Brand (the “Ripka Brand”), which we acquired on April 3, 2014 (see Note 9, Subsequent Events). The Company operates in two segments - (1) Design and Licensing and (2) our Retail Business.

Our Design and Licensing business operates in a “working capital light” business model, wherein we license our brands to third parties, provide certain design services, and generate royalty and design and service fee revenues through licensing and other agreements with wholesale manufacturers, sourcing and design companies, and retailers. This includes licensing our own brands for promotion and distribution through an Omnichannel retail sales strategy including distribution through Direct-Response Television (i.e. QVC, Inc. (“QVC”) and The Shopping Channel), the internet, and traditional bricks-and-mortar retail channels. The Isaac Mizrahi Brand and LCNY brand are licensed through our wholly-owned subsidiary IM Brands, LLC (“IM Brands”)(the “Isaac Mizrahi Business”) and the Ripka Brand is licensed through our wholly-owned subsidiary, JR Licensing, LLC (“JR Licensing”).

The Company’s Retail Business operates through its wholly-owned subsidiary, IMNY Retail Management, LLC (“Retail Management”), and was launched in June 2013 opening the Company’s first retail store located in Southampton, New York (the “Southampton Store”). The Company opened its second retail store, an outlet store, located near Atlanta, GA (the “Georgia Store”), on March 2, 2014. Also, Retail Management plans to launch an e-commerce platform in the second quarter of 2014.

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, 2013.

Certain reclassifications have been made to the prior period condensed consolidated financial statements to conform to the current period presentation.

- Definition

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

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+ Details

Trademarks, Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

2.	Trademarks, Goodwill and Other Intangibles

Trademarks and other intangibles, net consist of the following:

	March 31, 2014		December 31, 2013
Trademarks	$	44,500,000	$	44,500,000
Licensing agreements		2,000,000		2,000,000
Accumulated amortization, licensing agreements		(1,324,000)		(1,192,000)
Net carrying amount	$	45,176,000	$	45,308,000

Amortization expense for intangible assets for the Current Quarter and the quarter ended March 31, 2013 (the “Prior Year Quarter”) was $132,000 and $131,000, respectively. The trademarks of the Isaac Mizrahi Brand and related goodwill have been determined to have an indefinite useful life and accordingly, consistent with Accounting Standard Codification (“ASC”) Topic 350, no amortization has been recorded in the Company's unaudited condensed consolidated statements of operations.

As of March 31, 2014 the Company had $12,371,000 of goodwill that represents the excess of the purchase price over the fair value of net assets acquired accounted for under the acquisition method of accounting relating to the acquisition of the Isaac Mizrahi Business. There was no change in goodwill during the Current Quarter.

- 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

3 Months Ended

Mar. 31, 2014

Significant Contracts [Abstract]

Significant Contracts [Text Block]

3.	Significant Contracts

QVC Mizrahi Agreement

In connection with the Company’s agreement with QVC, they are required to pay us fees based primarily on a percentage of its net sales of Isaac Mizrahi branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Royalties from QVC totaled $2,288,000 and $1,992,000 for the Current Quarter and the Prior Year Quarter, respectively, representing 64% and 62% of the Company’s total revenues each quarter, respectively. As of March 31, 2014 and December 31, 2013, the Company had receivables from QVC of $2,349,000 and $2,060,000, representing 63% and 58% of the Company’s receivables, respectively. The March 31, 2014 and December 31, 2013 QVC receivables include $441,000 and $152,000 of earned revenue that has been accrued but not billed as of each date, respectively.

Debt

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Debt

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

	March 31, 2014		December 31, 2013
Term Loan	$	13,000,000	$	13,000,000
Seller Note		5,124,000		5,045,000
Contingent obligation – Seller		6,366,000		6,681,000
Total		24,490,000		24,726,000
Current portion		1,250,000		565,000
Total long term liabilities	$	23,240,000	$	24,161,000

Term Loan-

On August 1, 2013, the Company entered into a $13.0 million 5-year term loan with Bank of Hapoalim B.M. (“BHI”) (the “Term Loan”). The Term Loan is secured by all of the assets of IM Brands and the Company’s membership interest in IM Brands and bears interest at an annual fixed rate of 4.44% payable quarterly in arrears each calendar quarter. Scheduled principal payments are as follows:

Date of Payment	Amount of Principal Payment

October 1, 2014, January 1, 2015, April 1, 2015 and July 1, 2015	$	250,000

October 1, 2015, January 1, 2016, April 1, 2016 and July 1, 2016	$	625,000

October 1, 2016, January 1, 2017, April 1, 2017 and July 1, 2017	$	750,000

October 1, 2017, January 1, 2018 and April 1, 2018	$	875,000

July 1, 2018	$	3,875,000

In addition, the Company is required to prepay the outstanding amount of the Term Loan from excess cash flow (“Cash Flow Recapture”) for each fiscal year commencing with the year ending December 31, 2014 in arrears in an amount equal to twenty percent (20%) of such Cash Flow Recapture. Cash Flow Recapture shall mean for any fiscal period, cash provided by operating activities for such period less (a) capital expenditures not made through the incurrence of indebtedness less (b) all interest and principal (including indebtedness owed for the Term Loan) paid or payable during such period less (c) all income tax payments made during such period.

Financial Covenants. The Company is required to maintain minimum fixed charge ratio, and liquidity covenants, a maximum leverage ratio covenant and other non-monetary covenants, including reporting requirements and trademark preservation in accordance with the terms and conditions of the Term Loan. As of March 31, 2014, the Company and IM Brands were in full compliance with all of the covenants under the Term Loan.

The Company amended the Term Loan on April 3, 2014 which, among other things, revised covenants and the Cash Flow Recapture terms (see Note 9, Subsequent Events).

Seller Note

On September 29, 2011, as part of the consideration for the purchase of the Isaac Mizrahi Business, the Company issued to IM Ready-Made, LLC (“IM Ready”) a 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 determined that this rate was below the Company’s expected borrowing rate, which was then estimated at 9.25%. Therefore, the Company 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. Also on September 29, 2011, the Company prepaid $123,000 of interest on the Seller Note. The imputed interest amount is being amortized over the term of the Seller Note and recorded as other interest and finance expense on the Company’s unaudited condensed consolidated statements of operations.

On December 24, 2013, the Seller Note was amended (1) revising the Maturity Date to September 30, 2016 (the “Amended Maturity Date”), (2) revising the Subsequent Maturity Date to September 30, 2018 (the “Amended Subsequent Maturity Date”), (3) providing the Company with a prepayment right with its Common Stock, subject to remitting in cash the required cash payments set forth below and a minimum Common Stock price of $4.50 per share and (4) requiring interim scheduled payments. Scheduled principal payments (including amortization of imputed interest) are as follows:

Payment Date	Payment Amount		Amount Payable in Cash (i)		Amount Payable in Cash with Restrictions (ii)		Amount Payable in Stock (iii)
December 24, 2013	$	1,500,000	$	1,500,000	$	-		-
January 31, 2015	$	750,000	$	500,000	$	250,000		250,000
January 31, 2016	$	750,000	$	-	$	750,000		750,000
September 30, 2016	$	4,377,432	$	-	$	-		4,377,432

	(i)	$1,500,000 was paid prior to December 31, 2013.
	(ii)	Amounts payable in cash with restrictions are subject to BHI approving the cash payment. If BHI does not approve the cash payment, the amount shall be payable in shares of Common Stock subject to the provisions described above.
	(iii)	This includes the last payment on the Amended Maturity Date and may include amounts payable in cash with restrictions whereby BHI provides approval and the amount would be paid with the Company’s Common Stock. Amounts payable with the Company’s Common Stock shall be subject to the provisions described above.

The stated interest rate of the Seller Note remains at 0.25%. Management has determined that the Company’s expected borrowing rate as of the date of the amendment was 6.44%. Based on the revised payment schedule and the change in the Company’s expected borrowing rate, the Company has increased the Seller Note discount by $337,000, and accordingly reduced the carrying value of the Seller Note. Management has determined that the amendment to the Seller Note was in conjunction with an amendment to the contingent obligation to IM Ready (the “Earn-out Obligation”) and the reduction to the carrying value of the Seller Note was recorded as part of the gain on reduction of contingent obligations in the Company’s December 31, 2013 consolidated statement of operations.

For the Current Quarter and the Prior Year Quarter, the Company incurred interest expense of $83,000 and $153,000, respectively, which includes amortization of the Seller Note discounted balance of $79,000 and $143,000, respectively. The Seller Note balance, net of discount, at March 31, 2014 and December 31, 2013 was $5,124,000 and $5,045,000, respectively.

Contingent Obligations

Earn-out obligation

IM Ready may earn additional shares of Common Stock with a value of up to $7,500,000 (the “Earn-Out Value”) for the 12-month period ending September 30, 2015, with the number of shares to be issued based upon the greater of (i) $4.50 per share and (ii) the average stock price for the last twenty days in such period, and with such earn-out payment contingent upon the Isaac Mizrahi Business achieving the net royalty income target set forth below (the “Earn-Out Obligation”). On December 24, 2013, the Company and IM Ready amended the terms of the Earn-Out Obligation and eliminated the additional consideration for the fiscal year ending September 30, 2014 and the Company made a one-time cash payment of $315,000 to IM Ready in March 2014. The Earn-Out Obligation is recorded as $3.6 million as long-term debt at March 31, 2014 and December 31, 2013, respectively and $0.3 million as a current liability at December 31, 2013, on the condensed consolidated balance sheets. Any future change in the Earn-Out Obligation will result in an expense or income in the period in which it is determined fair market value of the carrying value has changed. The royalty targets and percentage of the potential earn-out value are as follows:

ROYALTY TARGET PERIOD	ROYALTY TARGET		EARN-OUT VALUE

Royalty Target Period (October 1, 2014 to September 30, 2015)	$	24,000,000	$	7,500,000

IM Ready will receive a percentage of the Earn-Out Value based upon the percentage of the actual net royalty income of the Isaac Mizrahi Business to the royalty target as set forth below.

APPLICABLE PERCENTAGE	% OF EARN-OUT VALUE EARNED
Less than 76%		0	%
76% up to 80%		40	%
80% up to 90%		70	%
90% up to 95%		80	%
95% up to 100%		90	%
100% or greater		100	%

The Earn-Out Value is payable solely in stock. In accordance with ASC Topic 480 "Distinguishing Liabilities from Equity", the earn-out obligation is treated as a liability in the accompanying condensed consolidated balance sheets because of the variable number of shares payable under the agreement.

QVC Earn-Out

The Company is obligated to pay IM Ready $2.8 million, payable in cash or Common Stock, at the Company’s option, contingent upon IM Brands receiving aggregate net royalty income of at least $2.5 million from QVC in the twelve-month period ending September 30, 2015 with such stock based upon the greater of (x) $4.50 per share, and (y) the average stock price for the last twenty days prior to the time of such issuance (the “QVC Earn-Out’). Management has determined that it is probable that the $2.5 million in net royalty income from QVC will be met. In accordance with ASC Topic 480 "Distinguishing Liabilities from Equity", the QVC Earn-Out obligation is treated as a liability in the accompanying condensed consolidated balance sheets because of the variable number of shares payable under the agreement. Management will assess no less frequently than each reporting period the status of this contingent obligation. Any change in the expected obligation will result in an expense or income in the period in which it is determined fair market value has changed.

As of March 31, 2014 and December 31, 2013, the total contingent obligation to IM Ready was $6.4 million and $6.7 million, respectively.

Stockholders' Equity

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

5.	Stockholders’ Equity

2011 Equity Incentive Plan

The Company’s 2011 Equity Incentive Plan, as amended and restated (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 5,000,000 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 April 1, 2013, the Company issued to management 1,270,000 shares of restricted stock. The vesting date of 1,075,000 shares of restricted stock is September 20, 2014, provided, however, that each such grantee has the right to extend the vesting date by six-month increments in his sole discretion, prior to the date the restrictions would lapse. The remaining 195,000 shares of restricted stock will vest evenly over 2 years, whereby 50% shall vest on September 30, 2014 and 50% shall vest on March 31, 2015. Notwithstanding the foregoing, each grantee may extend the first anniversary of all or a portion of the Restricted Shares by six months and, thereafter one or more times may further extend such date with respect to all or a portion of the Restricted Shares until the next following September 30th or March 31st, as the case may be, by providing written notice of such election to extend such date with respect to all or a portion of the Restricted Shares prior to such date.

On April 1, 2013, the Company issued to non-management directors 100,000 shares of restricted stock. The shares of restricted stock will vest evenly over two years, whereby 50% shall vest on September 30, 2014 and 50% shall vest on March 31, 2015. Notwithstanding the foregoing, each grantee may extend the first anniversary of all or a portion of the Restricted Shares by six months and, thereafter one or more times may further extend such date with respect to all or a portion of the Restricted Shares until the next following September 30th or March 31st, as the case may be, by providing written notice of such election to extend such date with respect to all or a portion of the Restricted Shares prior to such date.

On May 1, 2013, the Company issued to non-executive employees 29,750 shares of restricted stock. The shares of restricted stock will vest evenly over 2 years, whereby 50% shall vest on April 30, 2014 and 50% shall vest on April 30, 2015.

On January 1, 2014, the Company issued to a member of management and a key employee an aggregate of 825,000 shares of restricted stock. The vesting date for 550,000 shares of restricted stock is July 1, 2014, and the remaining 275,000 shall vest evenly over the periods ending September 30, 2014, 2015 and 2016, provided, however, that each such grantee has the right to extend the vesting dates by six-month increments in their sole discretion, prior to the date the restrictions would lapse.

On January 1, 2014, the Company granted options to purchase an aggregate of 50,000 shares of Common Stock to a non-executive employee of the Company. The exercise price per share of the options is $5.00 per share, and 50% of the options will vest on each of the first and second anniversaries of the grant date.

Stock Options and Warrants

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

Expected Volatility (i)	22-23	%
Expected Dividend Yield	0	%
Expected Life (Term) (ii)	2.0 – 3.0 years
Risk-Free Interest Rate	0.50% - 0.60	%

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

	(i)	Due to the Company’s limited trading activity, the Company used the average volatility of similar companies in its industry.
	(ii)	Due to the Company’s limited history, the expected life of options was calculated using the ‘simplified method’ in accordance with Staff Accounting Bulletin (“SAB”) Topic 14.02 in accordance with SAB 110.

Stock Options

A summary of the Company’s stock options for the Current Quarter is as follows:

			Weighted-Average
	Options		Exercise Price
Outstanding at January 1, 2014		343,125	$	4.11
Granted		50,000		5.00
Canceled		-		-
Exercised		-		-
Expired/Forfeited		(13,500)		3.00
Outstanding at March 31, 2014		379,625	$	4.66
Exercisable at March 31, 2014		304,500	$	4.75

Compensation expense related to stock option grants for the Current Quarter and the Prior Year Quarter was $11,000 and $20,000, respectively. Compensation expense related to stock options is reported as stock-based compensation under operating expenses in the unaudited condensed consolidated statements of operations. An additional amount of $15,000 is expected to be expensed over a period of 21 months from April 1, 2014 through December 31, 2015.

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.

Warrants

A summary of the Company’s warrants for the Current Quarter is as follows:

			Weighted-Average
	Warrants		Exercise Price
Outstanding at January 1, 2014		1,469,543	$	3.05
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding at March 31, 2014 and expected to vest		1,469,543	$	3.05
Exercisable at March 31, 2014		1,457,043	$	3.07

Compensation expense related to warrants for the Current Quarter and the Prior Year Quarter was $0 and $11,000, respectively. Compensation expense related to warrants in the Prior Year Quarter is reported as stock-based compensation under operating expenses in the unaudited condensed consolidated statements of operations.

The Company values other warrants issued to non-employees at the commitment date at the fair market value of the instruments issued, a measure which is more readily available than the fair market value of services rendered, using the Black-Scholes model. The fair market value of the instruments issued is expensed over the vesting period.

Compensation expense related to warrants in connection with a licensing agreement is amortized over the 5-year initial term of the license agreement and is recorded as a discount to licensing revenues. The stock-based licensing revenue-discount for the Current Quarter and the Prior Year Quarter was $1,000 in each quarter. An additional amount of $12,000 is expected to be amortized over a period of 30 months from April 1, 2014 through September 30, 2016.

In October 2013, the Company issued to Adam Dweck (“AD”) who is an Executive Vice President of Earthbound, LLC (“Earthbound”) and the son of Jack Dweck, who is a principal of Earthbound and is on the Company’s board of directors (see Note 8, Related Party Transactions), warrants to purchase 25,000 shares of common stock with an exercise price of $5.00 per share and a term expiring August 2, 2016. The 12,500 warrants are subject to AD generating $0.5 million of accumulated royalties and additional 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. To date, AD has reached the first milestone of $0.5 million sourced royalties and the Company deems it likely that AD will reach the second milestone of $1.0 million of AD sourced royalties by August 2, 2016. Compensation expense related to warrants in connection with the licensing agreement is amortized over the expected period in which the royalty targets will be met and is recorded as a royalty commission expense and netted with licensing revenues. The stock-based commission expense for the Current Quarter and the Prior Year Quarter was $1,000 and $0, respectively. An additional amount of $1,000 is expected to be amortized over a period of 9 months from April 1, 2014 through December 31, 2014.

Restricted Stock

Compensation cost for restricted stock is measured using the fair value of the Company’s Common Stock at the date the common stock is granted. The compensation cost, net of projected forfeitures, is recognized over the period between the grant date and the date any restrictions lapse, with compensation cost for grants with a graded vesting schedule recognized using the treasury method. The restrictions do not affect voting and dividend rights.

A summary of the Company’s restricted stock for the Current Quarter is as follows:

	Restricted Shares		Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2014		2,026,554	$	3.59
Granted		825,000		4.00
Canceled		-		-
Vested		(35,000)		3.86
Expired/Forfeited		(2,000)		-
Outstanding at March 31, 2014		2,814,554	$	3.71

Compensation expense related to restricted stock grants for the Current Quarter and Prior Year Quarter was $1,556,000 and $34,000, respectively. Compensation expense related to restricted stock grants is reported as stock-based compensation under operating expenses in the unaudited condensed consolidated statements of operations. An additional amount of $2,560,000 is expected to be amortized over a period of 30 months from April 1, 2014 through September 2016.

Shares Available Under the Company’s 2011 Equity Incentive Plan

At March 31, 2014 there were 1,252,008 common shares available for issuance under the Company’s 2011 Equity Incentive Plan.

Shares Reserved for Issuance

At March 31, 2014, there were 3,101,752 common shares reserved for issuance pursuant to warrants, stock options and availability for issuance under the Company’s 2011 Equity Incentive 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, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

6.	Earnings Per Share

Basic earnings per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period, including stock options and warrants, using the treasury stock method, and convertible debt, using the if-converted method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive.

Shares used in calculating basic and diluted income (loss) per share are as follows:

	Three Months ended March 31
		2014	2013
Basic		10,830,312	7,339,979
Effect of exercise of stock options		-	475
Effect of exercise of warrants		-	582,075
Diluted		10,830,312	7,922,529

The computation of basic and diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:

	Three Months ended March 31,
		2014	2013
Stock options and warrants		1,201,925	814,675

Segment Information

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

7.	Segment Information

Since the Company opened its first retail store in June 2013, it operates in two segments - (1) design and licensing and (2) retail, which are based on its business activities and organization. The operating segments are segments of the Company for which separate discrete financial information is available and for which operating results are evaluated regularly by the chief operating decision makers, made up of the Company’s executive management team, in deciding how to allocate resources, as well as in assessing performance. The primary key performance indicators are net sales or revenue (in the case of licensing and design fees) and operating income for each segment. The design and licensing segment includes royalties earned on licensed products and use of the Company’s trademarks, and rights granted to third parties for the right to sell the Company’s products and related design and other service fees. The retail segment represents sales of the Company’s branded products through its retail stores. All intercompany revenues are eliminated in consolidation and are not reviewed when evaluating segment performance. Corporate overhead expenses are allocated to the segments based upon specific usage or other allocation methods.

The following table presents the key performance information of the Company’s reportable segments:

	Three Months Ended March 31,
	2014		2013
Revenue:
Net licensing revenue	$	3,103,000	$	2,903,000
Design and service fee income		437,000		285,000
Design and licensing revenues		3,540,000		3,188,000
Retail sales		26,000		-
Total revenues	$	3,566,000	$	3,188,000

Operating income (loss):
Design and licensing	$	(972,000)	$	539,000
Retail		(317,000)		-
Total operating income (loss)	$	(1,289,000)	$	539,000

	Three Months Ended March 31,
Capital Expenditures	2014		2013
Property and equipment :
Design and licensing	$	81,000	$	51,000
Retail		225,000		-
Total capital expenditures	$	306,000	$	51,000

Long Lived Assets	March 31, 2014		December 31, 2013
Trademarks and other intangibles, net :
Design and licensing	$	45,176,000	$	45,308,000
Retail		-		-
Total Trademarks and other intangibles, net	$	45,176,000	$	45,308,000

Property and equipment :
Design and licensing	$	930,000	$	939,000
Retail		428,000		214,000
Total property and equipment	$	1,358,000	$	1,153,000

	March 31,
	2014		2013
Depreciation and amortization :
Design and licensing	$	224,000	$	217,000
Retail		11,000		-
Total depreciation and amortization	$	235,000	$	217,000

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

Related Party Transactions

3 Months Ended

Mar. 31, 2014

8.	Related Party Transactions

Todd Slater

On September 29, 2011, the Company adopted 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 was entitled to 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 amortizes the expense in accordance with the revenue earned from the respective licensing agreements on which this payment was based.

The Company incurred direct licensing costs with Mr. Slater, who serves as a director for the Company, from amortization of a prepaid licensing commission payment in 2012 for the Current Quarter and the Prior Year Quarter of $21,000 and $11,000, respectively.

On June 5, 2013, the Company paid Threadstone Advisors, LLC (“Threadstone”) a fee of $280,000 for the placement of $4,000,000 of proceeds from a private stock offering. This placement fee was recorded as a reduction in paid-in capital and reflected in the stockholders’ equity section of the condensed consolidated balance sheet. Mr. Slater is an officer and a 5% owner of Threadstone.

Licensing Agent Agreement

On August 2, 2011, the Company entered into a licensing agent agreement with AD, 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. AD earned $6,000 and $3,000 in fees for the Current Quarter and Prior Year Quarter, respectively.

We granted to AD 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 additional 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 warrants to purchase 25,000 shares of common stock priced at the fair market value at the time of issuance, subject to AD generating $2.0 million of accumulated royalties. These warrants all expire on August 2, 2016. AD has reached the first milestone of $500,000 sourced royalties and it is likely AD will reach the second milestone of $1,000,000 of AD sourced royalties by August 2, 2016. The Company subsequently issued warrants to AD to purchase 25,000 shares of common stock of which 12,500 vest in 2013 and 12,500 vest upon achieving the second milestone.

Jones Texas, Inc.

Edward Jones, III, a principal shareholder and chief executive officer of Jones Texas, Inc. (“JT”) is on the Company’s board of directors. The Company and JT entered into a consulting agreement on March 28, 2012, whereby JT shall pursue and introduce licensing opportunities for the Company. JT procured a license for the Company during 2012, under which the Company agreed to remit 15% of the license revenues for the initial term of the license. JT earned $0 and $3,000 in fees for the Current Quarter and Prior Year Quarter, respectively.

Executive Officer

In April 2013, the Company purchased $2,300 in used equipment from our Chief Executive Officer to be utilized at our New York City location. The purchase price was at the estimated fair market value of the equipment.

- 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 + Details

Subsequent Events

3 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

Subsequent Events [Text Block]

9.	Subsequent Events

Acquisition of the Judith Ripka Trademarks

On April 3, 2014, JR Licensing entered into an asset purchase agreement dated April 1, 2014 (the “Purchase Agreement”) with Judith Ripka Berk (“Ms. Ripka”), an individual, and certain companies owned by Ms. Ripka including Judith Ripka Creations (collectively “Ripka”), pursuant to which JR Licensing purchased from Ripka, the Ripka Brand, including the Judith Ripka and Judith Ripka Sterling trademarks and other intellectual property rights. On the closing date of the acquisition, the Company paid Ripka $12.0 million in cash, $6.0 million through the issuance of interest free notes payable (the “Ripka Notes”), and 571,429 shares of the Company’s stock. The Ripka Notes have a term of five years from the date of issuance, are payable in cash or shares of Xcel Common Stock valued at the time of payment, at the Company’s option, and with a floor price of $7.00 per share if paid in stock, with Ripka having certain rights to extend the maturity of the Ripka Notes in the event the Company’s stock is trading at a price of less than $7.00 per share. The Company is obligated to pay Ripka an additional $1.0 million on October 1, 2014 and an additional $1.2 million on April 1, 2015. In addition, the Company agreed to pay Ripka additional consideration of up to $5 million in aggregate (the “Ripka Earn-out”), payable in cash or shares of the Company’s Common Stock based on the fair market value of our Common Stock at the time of payment, and with a floor of $7.00 per share, based on the Ripka Brand achieving in excess of $1 million of net royalty income during each of the 12-month periods beginning on October 1, 2015 and ending on October 1, 2018, less the sum of all earn out payments for any prior earn-out period. Net royalty income shall not include any revenues generated by direct-response television sales or any revenue accelerated as a result of termination.

Concurrent with the acquisition of the Ripka Brand, the Company entered into (i) a license agreement with QVC, Inc. that provides for a royalty to be paid to the Company by QVC based on net sales of products under the Ripka Brand (the “JR/QVC Agreement”), and (ii) a license with an affiliate of Ripka that will design, source, market, and promote products under the Ripka Brand to wholesale accounts, through an e-commerce site which Xcel will operate, and through Ripka owned retail stores (the “Wholesale Business”). The license with the Wholesale Business will provide for a royalty payable to the Company based on its wholesale sale of products under the Ripka Brand. The Company issued to QVC a Warrant (the “QVC Warrant”) to purchase a number of shares of our Common Stock equal to (i) 4.75% of the number of shares of common stock of Xcel issued and outstanding on the date the QVC Warrant becomes exercisable less (ii) 571,429 shares of our Common Stock (subject to adjustment in the event of a stock split, combination, or stock dividend). The QVC Warrant is exercisable at a price of $.001 per share and becomes exercisable only upon Judith Ripka becoming obligated to make a specified payment to QVC under the JR/QVC Agreement and remains exercisable until such obligation is satisfied in full.

Concurrent with the acquisition of the Ripka Assets, JR Licensing entered into a $9 million 5-year term loan with BHI (the “JR Loan”). The JR Loan is secured by all of the assets of JR Licensing and a guarantee from Xcel secured by a pledge of Xcel’s membership interest in JR Licensing and by a guarantee from IM Brands, secured by a pledge of all of IM Brands’ assets. The JR Loan bears interest at an annual variable rate of either, LIBOR plus 3.5% or Prime plus 0.50%, at JR Licensing’s option, payable, if the JR Loan is bearing interest based on LIBOR, on the last business day of the applicable interest period and, if the JR Loan is bearing interest based on Prime, quarterly in arrears on the first day of each calendar quarter. Scheduled quarterly principal payments are as follows:

Date of Payment	Amount of Principal Payment

April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016	$	375,000

April 1, 2016, July 1, 2016, October 1, 2016 and January 1, 2017	$	625,000

April 1, 2017, July 1, 2017, October 1, 2017 and January 1, 2018	$	750,000

April 1, 2018, July 1, 2018, October 1, 2018 and January 1, 2019	$	500,000

In addition, JR Licensing shall prepay the outstanding amount of the JR Loan from excess cash flow (the “JR Cash Flow Recapture”) for each fiscal year commencing with the year ending December 31, 2015 in arrears in an amount equal to fifty percent (50%) of such JR Cash Flow Recapture. JR Cash Flow Recapture shall mean for any fiscal period, cash provided by operating activities for such period less (a) capital expenditures not made through the incurrence of indebtedness less (b) all interest and principal (including indebtedness owed for the JR Loan) paid or payable during such period less (c) the portion of the holdback amount paid or payable pursuant to the Purchase Agreement during such period less (d) payments made during such period by JR Licensing to Xcel equal to the estimated tax liability of Xcel resulting from any taxable income (net of losses, including for prior years to the extent permitted to be deducted) of JR Licensing. JR Licensing also executed a guaranty of our outstanding $13 million loan with BHI, in favor of BHI, secured by a pledge of all of JR Licensing’s assets.

Financial Covenants. The Company is required to maintain;

	⋅	minimum fixed charge ratio, of 1.20 to 1.00 for the periods ending on or prior to December 31, 2015 and not less than 1.10 to 1.00 for periods commencing on and after March 31, 2016;

	⋅	minimum EBITDA (as defined in the BHI loan documents), not be less than $5,500,000 for the fiscal year ending December 31, 2014, not less than $7,500,000 for the fiscal year ending December 31, 2015, not less than $11,000,000 for the fiscal year ending on December 31, 2016 and not less than $12,000,000 for fiscal year ending December 31, 2017 and each fiscal year end thereafter;

	⋅	$31 million minimum net worth;

	⋅	$3 million minimum liquidity covenants; and

	⋅	other non-monetary covenants, including reporting requirements and trademark preservation in accordance with the terms and conditions of the JR Loan.

In addition, JR Licensing is required to maintain minimum EBITDA of $3 million for the fiscal year ending December 31, 2014, not less than $4 million for the fiscal year ending December 31, 2015 and not less than $5 million for the fiscal year ending December 31, 2016 and each fiscal year end thereafter. EBITDA for JR licensing shall exclude allocated corporate overhead.

On April 1, 2014, the Company entered into a three-year employment agreement with Ms. Ripka such that she will serve as the Chief Design Officer of the Judith Ripka brand and perform duties and obligations under agreements with the Company’s licensees or any other third party pursuant to which Ms. Ripka has agreed to, and is obligated to, perform personal services. Thereafter, the agreement will renew automatically for one-year periods, unless either party gives written notice of intent to terminate at least 30 days prior to such termination. Ms. Ripka’s base salary is $750,000 per annum, and Ms. Ripka is entitled to other benefits including (a) non-accountable expenses of $114,000 per year, (b) $1,000 per month for rent for her Florida office, (c) the employment of a personal assistant, and (d) first class travel expenses.

Bonus. Ms. Ripka shall be eligible to receive an annual cash bonus (the “Bonus”) for each calendar year during the Term (or any partial fiscal year during the Term), equal to ten percent (10%) of the direct response television royalty income during such calendar year in excess of $6 million.

The Ripka Brand acquisition will be accounted for as an asset purchase.

Term Loan Amendment

On April 3, 2014 and in conjunction with the Ripka Brand acquisition and entering into the JR Loan, the Company amended the Term Loan. The amendments include:

⋅

Minimum EBITDA (as defined in the BHI loan documents) of IM Brands shall not be less than $6,000,000 for the fiscal year ending December 31, 2014, not less than $9,000,000 for the fiscal year ending December 31, 2015, not less than $11,000,000 for the fiscal year ending December 31, 2016 and not less than $12,500,000 for the fiscal year ending December 31, 2017 and each fiscal year end thereafter. EBITDA for IM Brands shall exclude allocated corporate overhead;

⋅

Minimum EBITDA of the Company shall not be less than $5,500,000 for the fiscal year ending December 31, 2014, not less than $7,500,000 for the fiscal year ending December 31, 2015, not less than $11,000,000 for the fiscal year ending on December 31, 2016 and not less than $12,000,000 for fiscal year ending December 31, 2017 and each fiscal year end thereafter;

⋅

Capital Expenditures of Guarantor and its Subsidiaries on a consolidated basis in any fiscal year shall not exceed $1,300,000;

⋅

$31 million minimum net worth;

⋅

$3 million minimum liquidity covenants; and

⋅

On and after January 1 2015, IM Brands shall repay an amount equal to fifty percent (50%) of Cash Flow Recapture until such time as principal payments received by BHI for the Term Loan and the JR Loan are equal to or greater than $1 million in the aggregate (other than a result of scheduled payments), then twenty percent (20%).

Trademarks, Goodwill and Other Intangibles (Tables)

3 Months Ended

Mar. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Trademarks and other intangibles, net consist of the following:

	March 31, 2014		December 31, 2013
Trademarks	$	44,500,000	$	44,500,000
Licensing agreements		2,000,000		2,000,000
Accumulated amortization, licensing agreements		(1,324,000)		(1,192,000)
Net carrying amount	$	45,176,000	$	45,308,000

Debt (Tables)

3 Months Ended

Mar. 31, 2014

Schedule of Debt [Table Text Block]

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

	March 31, 2014		December 31, 2013
Term Loan	$	13,000,000	$	13,000,000
Seller Note		5,124,000		5,045,000
Contingent obligation – Seller		6,366,000		6,681,000
Total		24,490,000		24,726,000
Current portion		1,250,000		565,000
Total long term liabilities	$	23,240,000	$	24,161,000

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

Scheduled principal payments are as follows:

Date of Payment	Amount of Principal Payment

October 1, 2014, January 1, 2015, April 1, 2015 and July 1, 2015	$	250,000

October 1, 2015, January 1, 2016, April 1, 2016 and July 1, 2016	$	625,000

October 1, 2016, January 1, 2017, April 1, 2017 and July 1, 2017	$	750,000

October 1, 2017, January 1, 2018 and April 1, 2018	$	875,000

July 1, 2018	$	3,875,000

Debt Instrument Principal Payments [Table Text Block]

Scheduled principal payments (including amortization of imputed interest) are as follows:

Payment Date	Payment Amount		Amount Payable in Cash (i)		Amount Payable in Cash with Restrictions (ii)		Amount Payable in Stock (iii)
December 24, 2013	$	1,500,000	$	1,500,000	$	-		-
January 31, 2015	$	750,000	$	500,000	$	250,000		250,000
January 31, 2016	$	750,000	$	-	$	750,000		750,000
September 30, 2016	$	4,377,432	$	-	$	-		4,377,432

	(i)	$1,500,000 was paid prior to December 31, 2013.
	(ii)	Amounts payable in cash with restrictions are subject to BHI approving the cash payment. If BHI does not approve the cash payment, the amount shall be payable in shares of Common Stock subject to the provisions described above.
	(iii)	This includes the last payment on the Amended Maturity Date and may include amounts payable in cash with restrictions whereby BHI provides approval and the amount would be paid with the Company’s Common Stock. Amounts payable with the Company’s Common Stock shall be subject to the provisions described above.

Schedule Of Royalty Targets and Percentage Of Potential Earn Out Value [Table Text Block]

The royalty targets and percentage of the potential earn-out value are as follows:

ROYALTY TARGET PERIOD	ROYALTY TARGET		EARN-OUT VALUE

Royalty Target Period (October 1, 2014 to September 30, 2015)	$	24,000,000	$	7,500,000

IM Ready will receive a percentage of the Earn-Out Value based upon the percentage of the actual net royalty income of the Isaac Mizrahi Business to the royalty target as set forth below.

APPLICABLE PERCENTAGE	% OF EARN-OUT VALUE EARNED
Less than 76%		0	%
76% up to 80%		40	%
80% up to 90%		70	%
90% up to 95%		80	%
95% up to 100%		90	%
100% or greater		100	%

Term Loan [Member]

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

Scheduled principal payments are as follows:

Date of Payment	Amount of Principal Payment

October 1, 2014, January 1, 2015, April 1, 2015 and July 1, 2015	$	250,000

October 1, 2015, January 1, 2016, April 1, 2016 and July 1, 2016	$	625,000

October 1, 2016, January 1, 2017, April 1, 2017 and July 1, 2017	$	750,000

October 1, 2017, January 1, 2018 and April 1, 2018	$	875,000

July 1, 2018	$	3,875,000

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2014

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

Expected Volatility (i)	22-23	%
Expected Dividend Yield	0	%
Expected Life (Term) (ii)	2.0 – 3.0 years
Risk-Free Interest Rate	0.50% - 0.60	%

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

	(i)	Due to the Company’s limited trading activity, the Company used the average volatility of similar companies in its industry.
	(ii)	Due to the Company’s limited history, the expected life of options was calculated using the ‘simplified method’ in accordance with Staff Accounting Bulletin (“SAB”) Topic 14.02 in accordance with SAB 110.

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

A summary of the Company’s stock options for the Current Quarter is as follows:

			Weighted-Average
	Options		Exercise Price
Outstanding at January 1, 2014		343,125	$	4.11
Granted		50,000		5.00
Canceled		-		-
Exercised		-		-
Expired/Forfeited		(13,500)		3.00
Outstanding at March 31, 2014		379,625	$	4.66
Exercisable at March 31, 2014		304,500	$	4.75

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

A summary of the Company’s warrants for the Current Quarter is as follows:

			Weighted-Average
	Warrants		Exercise Price
Outstanding at January 1, 2014		1,469,543	$	3.05
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding at March 31, 2014 and expected to vest		1,469,543	$	3.05
Exercisable at March 31, 2014		1,457,043	$	3.07

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

A summary of the Company’s restricted stock for the Current Quarter is as follows:

	Restricted Shares		Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2014		2,026,554	$	3.59
Granted		825,000		4.00
Canceled		-		-
Vested		(35,000)		3.86
Expired/Forfeited		(2,000)		-
Outstanding at March 31, 2014		2,814,554	$	3.71

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Shares used in calculating basic and diluted income (loss) per share are as follows:

	Three Months ended March 31
		2014	2013
Basic		10,830,312	7,339,979
Effect of exercise of stock options		-	475
Effect of exercise of warrants		-	582,075
Diluted		10,830,312	7,922,529

Schedule of Weighted Average Number of Shares [Table Text Block]

The computation of basic and diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:

	Three Months ended March 31,
		2014	2013
Stock options and warrants		1,201,925	814,675

Segment Information (Tables)

3 Months Ended

Mar. 31, 2014

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following table presents the key performance information of the Company’s reportable segments:

	Three Months Ended March 31,
	2014		2013
Revenue:
Net licensing revenue	$	3,103,000	$	2,903,000
Design and service fee income		437,000		285,000
Design and licensing revenues		3,540,000		3,188,000
Retail sales		26,000		-
Total revenues	$	3,566,000	$	3,188,000

Operating income (loss):
Design and licensing	$	(972,000)	$	539,000
Retail		(317,000)		-
Total operating income (loss)	$	(1,289,000)	$	539,000

	Three Months Ended March 31,
Capital Expenditures	2014		2013
Property and equipment :
Design and licensing	$	81,000	$	51,000
Retail		225,000		-
Total capital expenditures	$	306,000	$	51,000

Long Lived Assets	March 31, 2014		December 31, 2013
Trademarks and other intangibles, net :
Design and licensing	$	45,176,000	$	45,308,000
Retail		-		-
Total Trademarks and other intangibles, net	$	45,176,000	$	45,308,000

Property and equipment :
Design and licensing	$	930,000	$	939,000
Retail		428,000		214,000
Total property and equipment	$	1,358,000	$	1,153,000

	March 31,
	2014		2013
Depreciation and amortization :
Design and licensing	$	224,000	$	217,000
Retail		11,000		-
Total depreciation and amortization	$	235,000	$	217,000

Subsequent Events (Tables)

3 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

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

Scheduled principal payments are as follows:

Date of Payment	Amount of Principal Payment

October 1, 2014, January 1, 2015, April 1, 2015 and July 1, 2015	$	250,000

October 1, 2015, January 1, 2016, April 1, 2016 and July 1, 2016	$	625,000

October 1, 2016, January 1, 2017, April 1, 2017 and July 1, 2017	$	750,000

October 1, 2017, January 1, 2018 and April 1, 2018	$	875,000

July 1, 2018	$	3,875,000

Subsequent Event [Member]

Subsequent Events [Abstract]

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

Scheduled quarterly principal payments are as follows:

Date of Payment	Amount of Principal Payment

April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016	$	375,000

April 1, 2016, July 1, 2016, October 1, 2016 and January 1, 2017	$	625,000

April 1, 2017, July 1, 2017, October 1, 2017 and January 1, 2018	$	750,000

April 1, 2018, July 1, 2018, October 1, 2018 and January 1, 2019	$	500,000

Trademarks, Goodwill and Other Intangibles (Details) - USD ($)	Mar. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Trademarks	$ 44,500,000	$ 44,500,000
Licensing agreements	2,000,000	2,000,000
Accumulated amortization, licensing agreements	(1,324,000)	(1,192,000)
Net carrying amount	$ 45,176,000	$ 45,308,000

Trademarks, Goodwill and Other Intangibles (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Mar. 31, 2014	Dec. 31, 2013
Research and Development Assets Acquired Other than Through Business Combination [Line Items]
Amortization of Intangible Assets	$ 132,000	$ 131,000
Goodwill			$ 12,371,000	$ 12,371,000

Significant Contracts (Details Textual) - Royalty Agreement With QVC [Member] - USD ($)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Business Acquisition [Line Items]
Royalty Revenue	$ 2,288,000	$ 1,992,000
Revenue from Royalty, Percentage	64.00%	62.00%
Accounts Receivable, Gross	$ 2,349,000		$ 2,060,000
Accounts Receivables, Percentage	63.00%		58.00%
Accrued Fees and Other Revenue Receivable	$ 441,000		$ 152,000

Debt (Details) - USD ($)	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Term Note	$ 13,000,000	$ 13,000,000
Seller Note	5,124,000	5,045,000
Contingent obligation - Seller	6,366,000	6,681,000
Total	24,490,000	24,726,000
Current portion	1,250,000	565,000
Total long term liabilities	$ 23,240,000	$ 24,161,000

Debt (Details 1)	3 Months Ended
Debt (Details 1)	Mar. 31, 2014 USD ($)
October 1, 2014, January 1, 2015, April 1, 2015 and July 1, 2015 [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	$ 250,000
October 1, 2015, January 1, 2016, April 1, 2016 and July 1, 2016 [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	625,000
October 1, 2016, January 1, 2017, April 1, 2017 and July 1, 2017 [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	750,000
October 1, 2017, January 1, 2018 and April 1, 2018 [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	875,000
July 1, 2018 [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	$ 3,875,000

Debt (Details 2)

Mar. 31, 2014

USD ($)

December 24, 2013 [Member]

Debt Instrument [Line Items]

Debt Instrument, Payment Amount

$ 1,500,000

Debt Instrument, Amount Payable in Cash

1,500,000

^[1]

Debt Instrument, Amount Payable in Cash with Restrictions

$ 0

^[2]

Debt Instrument, Amount Payable in Stock | shares

^[3]

January 31, 2015 [Member]

Debt Instrument [Line Items]

Debt Instrument, Payment Amount

$ 750,000

Debt Instrument, Amount Payable in Cash

500,000

^[1]

Debt Instrument, Amount Payable in Cash with Restrictions

$ 250,000

^[2]

Debt Instrument, Amount Payable in Stock | shares

250,000

^[3]

January 31, 2016 [Member]

Debt Instrument [Line Items]

Debt Instrument, Payment Amount

$ 750,000

Debt Instrument, Amount Payable in Cash

^[1]

Debt Instrument, Amount Payable in Cash with Restrictions

$ 750,000

^[2]

Debt Instrument, Amount Payable in Stock | shares

750,000

^[3]

September 30, 2016 [Member]

Debt Instrument [Line Items]

Debt Instrument, Payment Amount

$ 4,377,432

Debt Instrument, Amount Payable in Cash

^[1]

Debt Instrument, Amount Payable in Cash with Restrictions

$ 0

^[2]

Debt Instrument, Amount Payable in Stock | shares

4,377,432

^[3]

[1]	$1,500,000 was paid prior to December 31, 2013.
[2]	Amounts payable in cash with restrictions are subject to BHI approving the cash payment. If BHI does not approve the cash payment, the amount shall be payable in shares of Common Stock subject to the provisions described above.
[3]	This includes the last payment on the Amended Maturity Date and may include amounts payable in cash with restrictions whereby BHI provides approval and the amount would be paid with the Company’s Common Stock. Amounts payable with the Company’s Common Stock shall be subject to the provisions described above.

Debt (Details 3)	3 Months Ended
Debt (Details 3)	Mar. 31, 2014 USD ($)
Fourth Royalty Target Period [Member]
Debt Instrument [Line Items]
ROYALTY TARGET	$ 24,000,000
EARN-OUT VALUE	$ 7,500,000
ROYALTY TARGET PERIOD	Royalty Target Period (October 1, 2014 to September 30, 2015)
Applicable Less than 76% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	0.00%
Applicable 76% up to 80% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	40.00%
Applicable 80% up to 90% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	70.00%
Applicable 90% up to 95% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	80.00%
Applicable 95% up to 100% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	90.00%
Applicable 100% or Greater [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	100.00%

Debt (Details Textual) - USD ($)	1 Months Ended		3 Months Ended		12 Months Ended
Debt (Details Textual) - USD ($)	Dec. 24, 2013	Sep. 29, 2009	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate			4.44%
Proceeds from Issuance of Long-term Debt, Total			$ 13,000,000
Debt Instrument, Description			the Company is required to prepay the outstanding amount of the Term Loan from excess cash flow (Cash Flow Recapture) for each fiscal year commencing with the year ending December 31, 2014 in arrears in an amount equal to twenty percent (20%) of such Cash Flow Recapture.
Other Notes Payable, Noncurrent			$ 5,124,000		$ 5,045,000
Interest Expense, Debt			144,000	$ 276,000
Liabilities, Current			2,965,000		$ 2,411,000
Seller Note [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount		$ 7,377,000
Stated Interest Rate on Note Payable		0.25%			0.25%
Subordinated Borrowing, Interest Rate		9.25%			6.44%
Debt Instrument, Unamortized Discount		$ 1,740,000
Unamortization of Debt Discount (Premium)			79,000	143,000	$ 337,000
Imputed Annual Interest Rate		9.00%
Initial Outstanding Value of Long-term Debt or Borrowing		$ 5,637,000
Initial Prepaid Interest		$ 123,000
Other Notes Payable, Noncurrent			5,124,000		5,045,000
Exercise Price of Common Stock	$ 4.50
Interest Expense, Debt			83,000	$ 153,000
IM Ready Made LLC [Member]
Debt Instrument [Line Items]
Earn Out Payments			6,400,000		6,700,000
Repayment Of Contingent Obligation			315,000
IM Ready Made LLC [Member] \| QVC Earn-Out [Member]
Debt Instrument [Line Items]
Earn Out Payments			$ 2,800,000
Earn-Out Obligation [Member]
Debt Instrument [Line Items]
Exercise Price of Common Stock			$ 4.50
Royalty Earn Out Value			$ 7,500,000
Earn Out Payments			3,600,000		3,600,000
Liabilities, Current					$ 300,000
QVC Inc [Member]
Debt Instrument [Line Items]
Business Acquisitions, Net Royalty Income			$ 2,500,000
Business Acquisition, Description of Acquired Entity			stock based upon the greater of (x) $4.50 per share, and (y) the average stock price for the last twenty days prior to the time of such issuance (the QVC Earn-Out).
Royalty Revenue, Total			$ 2,500,000

Stockholders' Equity (Details) - Equity Option [Member]

3 Months Ended

Mar. 31, 2014

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expected Volatility Rate, Minimum

22.00%

^[1]

Expected Volatility Rate, Maximum

23.00%

^[1]

Expected Dividend Yield

0.00%

Risk-Free Interest Rate, Minimum

0.50%

Risk-Free Interest Rate, Maximum

0.60%

Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expected Life (Term)

2 years

^[2]

Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Expected Life (Term)

3 years

^[2]

[1]	Due to the Company’s limited trading activity, the Company used the average volatility of similar companies in its industry.
[2]	Due to the Company’s limited history, the expected life of options was calculated using the ‘simplified method’ in accordance with Staff Accounting Bulletin (“SAB”) Topic 14.02 in accordance with SAB 110.

Stockholders' Equity (Details 1)	3 Months Ended
Stockholders' Equity (Details 1)	Mar. 31, 2014 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding, Beginning Balance \| shares	343,125
Options, Granted \| shares	50,000
Options, Canceled \| shares	0
Options, Exercised \| shares	0
Options, Expired/Forfeited \| shares	(13,500)
Options, Outstanding, Ending Balance \| shares	379,625
Options, Exercisable at March 31, 2014 \| shares	304,500
Weighted Average Exercise Price, Outstanding, Beginning Balance \| $ / shares	$ 4.11
Weighted-Average Exercise Price, Granted \| $ / shares	5.00
Weighted-Average Exercise Price Canceled \| $ / shares	0
Weighted-Average Exercise Price, Exercised \| $ / shares	0
Weighted-Average Exercise Price, Expired/Forfeited \| $ / shares	3.00
Weighted Average Exercise Price, Outstanding, Ending Balance \| $ / shares	4.66
Weighted-Average Exercise Price, Exercisable at March 31, 2014 \| $ / shares	$ 4.75

Stockholders' Equity (Details 2) - Warrant [Member]	3 Months Ended
Stockholders' Equity (Details 2) - Warrant [Member]	Mar. 31, 2014 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants, Outstanding, Beginning Balance \| shares	1,469,543
Warrants, Granted \| shares	0
Warrants, Canceled \| shares	0
Warrants, Exercised \| shares	0
Warrants, Expired/Forfeited \| shares	0
Warrants, Outstanding, Ending Balance \| shares	1,469,543
Warrants, Exercisable at March 31, 2014 \| shares	1,457,043
Weighted-Average Exercise Price, Outstanding, Beginning Balance \| $ / shares	$ 3.05
Weighted-Average Exercise Price, Granted \| $ / shares	0
Weighted-Average Exercise Price, Canceled \| $ / shares	0
Weighted-Average Exercise Price, Exercised \| $ / shares	0
Weighted-Average Exercise Price, Expired/Forfeited \| $ / shares	0
Weighted-Average Exercise Price, Outstanding, Ending Balance \| $ / shares	3.05
Weighted-Average Exercise Price, Exercisable at March 31, 2014 \| $ / shares	$ 3.07

Stockholders' Equity (Details 3) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2014 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares, Outstanding, Beginning Balance \| shares	2,026,554
Restricted Shares, Granted \| shares	825,000
Restricted Shares, Canceled \| shares	0
Restricted Shares, Vested \| shares	(35,000)
Restricted Shares, Expired/Forfeited \| shares	(2,000)
Restricted Shares, Outstanding, Ending Balance \| shares	2,814,554
Weighted-Average Grant Date Fair Value, Outstanding, Beginning Balance \| $ / shares	$ 3.59
Weighted-Average Grant Date Fair Value, Granted \| $ / shares	4.00
Weighted-Average Grant Date Fair Value, Canceled \| $ / shares	0
Weighted-Average Grant Date Fair Value, Vested \| $ / shares	3.86
Weighted-Average Grant Date Fair Value, Expired/Forfeited \| $ / shares	0
Weighted-Average Grant Date Fair Value, Outstanding, Ending Balance \| $ / shares	$ 3.71

Stockholders' Equity (Details Textual) - USD ($)	1 Months Ended			3 Months Ended
Stockholders' Equity (Details Textual) - USD ($)	Oct. 31, 2013	May 01, 2013	Apr. 01, 2013	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Oct. 04, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense				$ 1,000	$ 0
Additional Amount Expected To Be Amortized				$ 1,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				5 years
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense				$ 11,000	20,000
Expected Share Based Compensation Expenses For Next 21 Months				$ 15,000
Adam Dweck [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants Issued To Purchase Common Stock Two	12,500			12,500		25,000
Warrants Exercise Price Two				$ 5.00			$ 5.00
Class Of Warrant Or Rights Expired	Aug. 02, 2016			Aug. 02, 2016
Accumulated Royalties, One				$ 500,000
Accumulated Royalties, Two				$ 1,000,000
Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period			2 years
Non Executive Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period		2 years
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period				50,000
Investment Options, Exercise Price				$ 5.00
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage				50.00%
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense				$ 0	11,000
Licensee Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Discount On Licensing Revenue				1,000	1,000
Additional Amount Expected To Be Amortized				$ 12,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options Issued Shares Former Equity Plan				576
Stock Options Issued Value Per Share Former Equity Plan				$ 728
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				825,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number				275,000
Allocated Share-based Compensation Expense				$ 1,556,000	$ 34,000
Additional Amount Expected To Be Amortized				$ 2,560,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period				550,000
Equity Incentive Plan 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant				1,252,008
Common Stock, Capital Shares Reserved for Future Issuance				3,101,752
Common Stock, Eligible for Issuance				5,000,000
Equity Incentive Plan 2011 [Member] \| Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			1,270,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number			195,000
Equity Incentive Plan 2011 [Member] \| Management [Member] \| September 30 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year One			50.00%
Equity Incentive Plan 2011 [Member] \| Management [Member] \| March 31 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year Two			50.00%
Equity Incentive Plan 2011 [Member] \| Non Executive Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		29,750
Equity Incentive Plan 2011 [Member] \| Non Executive Employees [Member] \| April 30 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year One		50.00%
Equity Incentive Plan 2011 [Member] \| Non Executive Employees [Member] \| April 30 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year Two		50.00%
Equity Incentive Plan 2011 [Member] \| Non Management Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures			100,000
Equity Incentive Plan 2011 [Member] \| Non Management Directors [Member] \| September 30 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year One			50.00%
Equity Incentive Plan 2011 [Member] \| Non Management Directors [Member] \| March 31 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year Two			50.00%

Earnings Per Share (Details) - shares	3 Months Ended
Earnings Per Share (Details) - shares	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share Basic And Diluted [Line Items]
Basic	10,830,312	7,339,979
Effect of exercise of options and Warrants	1,201,925	814,675
Diluted	10,830,312	7,922,529
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	0	582,075
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	0	475

Earnings Per Share (Details 1) - shares	3 Months Ended
Earnings Per Share (Details 1) - shares	Mar. 31, 2014	Mar. 31, 2013
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]
Stock options and warrants	1,201,925	814,675

Segment Information (Details) - USD ($)	3 Months Ended
Segment Information (Details) - USD ($)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Revenue:
Net licensing revenue	$ 3,103,000	$ 2,903,000
Design and service fee income	437,000	285,000
Design and licensing revenues	3,540,000	3,188,000
Retail sales	26,000	0
Total revenues	3,566,000	3,188,000
Operating income (loss):
Total operating income (loss)	(1,289,000)	539,000
Property and equipment:
Total capital expenditures	306,000	51,000
Long Lived Assets
Total Trademarks and other intangibles, net	45,176,000		$ 45,308,000
Total property and equipment	1,358,000		1,153,000
Depreciation and amortization :
Total depreciation and amortization	235,000	217,000
Design And Licensing [Member]
Operating income (loss):
Total operating income (loss)	(972,000)	539,000
Property and equipment:
Total capital expenditures	81,000	51,000
Long Lived Assets
Total Trademarks and other intangibles, net	45,176,000		45,308,000
Total property and equipment	930,000		939,000
Depreciation and amortization :
Total depreciation and amortization	224,000	217,000
Retail [Member]
Operating income (loss):
Total operating income (loss)	(317,000)	0
Property and equipment:
Total capital expenditures	225,000	0
Long Lived Assets
Total Trademarks and other intangibles, net	0		0
Total property and equipment	428,000		$ 214,000
Depreciation and amortization :
Total depreciation and amortization	$ 11,000	$ 0

Related Party Transactions (Details Textual) - USD ($)		1 Months Ended				3 Months Ended
Related Party Transactions (Details Textual) - USD ($)	Jul. 10, 2012	Oct. 31, 2013	Jun. 05, 2013	Apr. 01, 2013	Aug. 02, 2011	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Oct. 04, 2013
Chief Executive Officer [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Purchases from Related Party				$ 2,300
Todd Slater [Member]
Related Party Transaction [Line Items]
Commission Rate to Related Party	15.00%					15.00%
Fees Earned Separate from Buy Out Payment						$ 21,000	$ 11,000
Related Party Transaction, Amounts of Transaction	$ 163,000
Adam Dweck [Member]
Related Party Transaction [Line Items]
Commission Rate to Related Party					5.00%
Fees Earned Separate from Buy Out Payment						6,000	3,000
Proceeds from Issuance of Common Stock						$ 1,000,000
Warrants Exercise Price One						$ 5.00
Accumulated Royalties, One						$ 500,000
Warrants Issued To Purchase Common Stock Two		12,500				12,500		25,000
Warrants Exercise Price Two						$ 5.00			$ 5.00
Accumulated Royalties, Two						$ 1,000,000
Warrants Issued To Purchase Common Stock Three						25,000
Accumulated Royalties, Three						$ 2,000,000
Class Of Warrant Or Rights Expired		Aug. 02, 2016				Aug. 02, 2016
Warrant Vested During First Milestone								12,500
Warrant Vested During Second Milestone								12,500
Warrant Issued To Purchase Common Stock						$ 12,500
Jack Dweck [Member]
Related Party Transaction [Line Items]
Commission Rate to Related Party						15.00%
Jones Texas, Inc [Member]
Related Party Transaction [Line Items]
Fees Earned Separate from Buy Out Payment						$ 0	$ 3,000
Threadstone Advisors, LLC [Member]
Related Party Transaction [Line Items]
Fees Earned Separate from Buy Out Payment			$ 280,000
Proceeds from Issuance Initial Public Offering			$ 4,000,000
Equity Method Investment, Ownership Percentage			5.00%

Subsequent Events (Details) - Subsequent Event [Member]	3 Months Ended
Subsequent Events (Details) - Subsequent Event [Member]	Mar. 31, 2014 USD ($)
April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016 [Member]
Subsequent Event [Line Items]
Amount of Principal Payment	$ 375,000
April 1, 2016, July 1, 2016, October 1, 2016 and January 1, 2017 [Member]
Subsequent Event [Line Items]
Amount of Principal Payment	625,000
April 1, 2017, July 1, 2017, October 1, 2017 and January 1, 2018 [Member]
Subsequent Event [Line Items]
Amount of Principal Payment	750,000
April 1, 2018, July 1, 2018, October 1, 2018 and January 1, 2019 [Member]
Subsequent Event [Line Items]
Amount of Principal Payment	$ 500,000

Subsequent Events (Details Textual)	1 Months Ended				3 Months Ended	9 Months Ended	12 Months Ended
Subsequent Events (Details Textual)	Apr. 01, 2015 USD ($)	Oct. 01, 2014 USD ($)	Apr. 30, 2014 USD ($)	Apr. 03, 2014 USD ($) $ / Warrant	Mar. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2016	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)
Scenario, Forecast [Member]
Subsequent Event [Line Items]
Minimum Fixed Charge Ratio, Start Range						1.10			1.20
Minimum Fixed Charge Ratio, End Range						1.00			1.00
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year One										$ 5,500,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 7,500,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Three								$ 11,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Four							$ 12,000,000
Scenario, Forecast [Member] \| JR Licensing, LLC [Member]
Subsequent Event [Line Items]
Percentage of Cash Flow Recapture Considered for Prepayment of Secured Debt									50.00%
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year One										3,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 4,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Three								5,000,000
New Loan Amendment [Member] \| Scenario, Forecast [Member]
Subsequent Event [Line Items]
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year One										5,500,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 7,500,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Three								11,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Four							12,000,000
New Loan Amendment [Member] \| Scenario, Forecast [Member] \| JR Licensing, LLC [Member]
Subsequent Event [Line Items]
Percentage of Prepayment of Loan									20.00%
Repayments of Debt									$ 1,000,000
New Loan Amendment [Member] \| Scenario, Forecast [Member] \| IM Brands, LLC [Member]
Subsequent Event [Line Items]
Percentage of Cash Flow Recapture Considered for Prepayment of Secured Debt									50.00%
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year One										$ 6,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 9,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Three								$ 11,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Four							$ 12,500,000
Judith Ripka Berk [Member] \| Scenario, Forecast [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross	$ 1,200,000	$ 1,000,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Minimum Liquidity Covenants					$ 3,000,000
Minimum Net Worth Required for Compliance					$ 31,000,000
Subsequent Event [Member] \| Chief Design Officer [Member]
Subsequent Event [Line Items]
Payments for Rent, Monthly			$ 1,000
Base Salary			750,000
Non Accountable Expenses			114,000
Annual Cash Bonus Percentage					10.00%
Royalty Revenue, Total					$ 6,000,000
Subsequent Event [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate				3.50%
Subsequent Event [Member] \| Prime Rate [Member]
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate				0.50%
Subsequent Event [Member] \| Parent Company [Member]
Subsequent Event [Line Items]
Percentage of Common Stock Issued and Outstanding				4.75%
Subsequent Event [Member] \| JR Licensing, LLC [Member]
Subsequent Event [Line Items]
Guaranty of Outstanding Loan					13,000,000
Subsequent Event [Member] \| New Loan Amendment [Member]
Subsequent Event [Line Items]
Minimum Liquidity Covenants			3,000,000
Maximum Capital Expenditures of Guarantor and its Subsidiaries				$ 1,300,000
Minimum Net Worth Required for Compliance			$ 31,000,000
Subsequent Event [Member] \| Judith Ripka Berk [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross					$ 12,000,000
Stock Issued During Period, Shares, Acquisitions \| shares					571,429
Floor Price Per Share for Conversion of Debt \| $ / shares					$ 7.00
Maximum Earn-Outs Payable					$ 5,000,000
Required Royalties for Payment of Earn-Outs					1,000,000
Proceeds from Issuance of Secured Debt					$ 9,000,000
Debt Instrument, Maturity Date, Description					5-year term loan
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / Warrant				1
Subsequent Event [Member] \| Judith Ripka Berk [Member] \| Demand Notes [Member]
Subsequent Event [Line Items]
Debt Instrument, Face Amount					$ 6,000,000
Debt Instrument, Term					5 years

Stockholders' Equity (Details 2) - Warrant [Member]	3 Months Ended
Stockholders' Equity (Details 2) - Warrant [Member]	Mar. 31, 2014 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants, Outstanding, Beginning Balance \| shares	1,469,543
Warrants, Granted \| shares	0
Warrants, Canceled \| shares	0
Warrants, Exercised \| shares	0
Warrants, Expired/Forfeited \| shares	0
Warrants, Outstanding, Ending Balance \| shares	1,469,543
Warrants, Exercisable at March 31, 2014 \| shares	1,457,043
Weighted-Average Exercise Price, Outstanding, Beginning Balance \| $ / shares	$ 3.05
Weighted-Average Exercise Price, Granted \| $ / shares	0
Weighted-Average Exercise Price, Canceled \| $ / shares	0
Weighted-Average Exercise Price, Exercised \| $ / shares	0
Weighted-Average Exercise Price, Expired/Forfeited \| $ / shares	0
Weighted-Average Exercise Price, Outstanding, Ending Balance \| $ / shares	3.05
Weighted-Average Exercise Price, Exercisable at March 31, 2014 \| $ / shares	$ 3.07