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Document And Entity Information	9 Months Ended
Document And Entity Information	Sep. 30, 2014
Document Information [Line Items]
Entity Registrant Name	XCel Brands, Inc.
Entity Central Index Key	0001083220
Entity Filer Category	Smaller Reporting Company
Document Type	S-1
Amendment Flag	false
Document Period End Date	Sep. 30, 2014

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Current Assets:
Cash and cash equivalents	$ 5,532,000	$ 7,461,000	$ 3,929,000
Accounts receivable, net	5,369,000	3,541,000	3,428,000
Inventory	409,000	70,000	0
Prepaid expenses	495,000	477,000	329,000
Total current assets	11,805,000	11,549,000	7,686,000
Property and Equipment:
Leasehold improvements, furniture and equipment	2,566,000	1,922,000	1,516,000
Less: accumulated depreciation	1,117,000	769,000	403,000
Total property and equipment	1,449,000	1,153,000	1,113,000
Other Assets:
Trademarks and other intangibles, net	69,692,000	45,308,000	45,835,000
Goodwill	12,371,000	12,371,000	12,371,000
Deferred finance costs, net	381,000	199,000	450,000
Other assets	289,000	344,000	349,000
Total other assets	82,733,000	58,222,000	59,005,000
Total Assets	95,987,000	70,924,000	67,804,000
Current Liabilities:
Accounts payable and accrued expenses	2,892,000	1,289,000	1,421,000
Deferred revenue	422,000	491,000	221,000
Other current liabilities	2,277,000	66,000	144,000
Current portion of long-term debt	2,500,000	565,000	1,350,000
Total current liabilities	8,091,000	2,411,000	3,136,000
Long-Term Liabilities:
Long-term debt, less current portion	38,652,000	24,161,000	29,046,000
Deferred tax liabilities	7,678,000	8,918,000	10,177,000
Deferred revenue, net of short-term portion		0	480,000
Other long-term liabilities	120,000	57,000
Total long-term liabilities	46,450,000	33,136,000	39,703,000
Total Liabilities	54,541,000	35,547,000	42,839,000
Commitments and contingencies
Stockholders' Equity:
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding	0	0	0
Common stock, $.001 par value, 25,000,000 shares authorized, 11,999,454 and 10,005,509 issued and outstanding at September 30, 2014 and December 31, 2013 and December 31, 2012, respectively	12,000	10,000	7,000
Paid-in capital	37,390,000	30,843,000	21,966,000
Retained earnings	4,044,000	4,524,000	2,992,000
Total stockholders' equity	41,446,000	35,377,000	24,965,000
Total Liabilities and Stockholders' Equity	$ 95,987,000	$ 70,924,000	$ 67,804,000

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000	1,000,000
Preferred stock, shares issued	0	0	0
Preferred stock, shares outstanding	0	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001	$ 0.001
Common stock, shares authorized	25,000,000	25,000,000	25,000,000
Common stock, shares issued	11,999,454	10,005,509	7,339,979
Common stock, shares outstanding	11,999,454	10,005,509	7,339,979

Unaudited Condensed Consolidated Statements of Operations - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Revenues
Net licensing revenue	$ 13,821,000	$ 8,863,000	$ 11,546,000	$ 10,432,000
Design and service fee revenue	1,161,000	1,288,000	1,619,000	2,271,000
Net retail sales	381,000	162,000	203,000	0
Total revenues	15,363,000	10,313,000	13,368,000	12,703,000
Cost of goods sold	354,000	74,000	93,000	0
Gross profit	15,009,000	10,239,000	13,275,000	12,703,000
Operating expenses
Salaries, benefits and employment taxes	7,325,000	4,713,000	6,520,000	5,475,000
Other design and marketing costs	767,000	325,000	473,000	728,000
Other selling, general and administrative expenses	2,445,000	1,902,000	2,494,000	2,050,000
Stock-based compensation	4,319,000	4,652,000	4,810,000	4,623,000
Depreciation and amortization	756,000	663,000	893,000	856,000
Total operating expenses	15,612,000	12,255,000	15,190,000	13,732,000
Gain on reduction of contingent obligations
Loss (gain) on extinguishment of debt	0	1,351,000	1,351,000	(422,000)
Gain on reduction of contingent obligations	(600,000)	(5,100,000)	(5,122,000)	(6,300,000)
Total other income	(600,000)	(3,749,000)	(3,771,000)	(6,722,000)
Operating income	(3,000)	1,733,000	1,856,000	5,693,000
Interest and finance expense
Interest expense - term loan	597,000	738,000	882,000	1,148,000
Other interest and finance charges	464,000	685,000	844,000	1,027,000
Total interest and finance expense	1,061,000	1,423,000	1,726,000	2,175,000
Income before income taxes	(1,064,000)	310,000	130,000	3,518,000
Income tax benefit	(584,000)	(1,626,000)	(1,402,000)	(766,000)
Net income	$ (480,000)	$ 1,936,000	$ 1,532,000	$ 4,284,000
Net income per share:
Basic (in dollars per share)	$ (0.04)	$ 0.22	$ 0.17	$ 0.62
Diluted (in dollars per share)	$ (0.04)	$ 0.20	$ 0.16	$ 0.57
Weighted average number of common shares outstanding:
Basic (in shares)	11,526,277	8,892,303	9,193,101	6,936,452
Diluted (in shares)	11,526,277	9,478,787	9,791,493	7,577,561
Subsequent Event [Member] \| Judith Ripka Berk [Member]
Weighted average number of common shares outstanding:
Annual Cash Bonus Percentage			10.00%

Unaudited Condensed Consolidated Statement of Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]
Balances at Dec. 31, 2011	$ 16,618,000	$ 6,000	$ 17,904,000	$ (1,292,000)
Balances (in shares) at Dec. 31, 2011		5,810,444
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures	1,000	$ 1,000	0	0
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures (in shares)		1,544,943
Direct costs relating to equity placement / private stock offering	(2,000)	$ 0	(2,000)	0
Compensation expense in connection with stock options, warrants and restricted stock	4,573,000	0	4,573,000	0
Shares repurchased on vesting of restricted stock	(711,000)	$ 0	(711,000)	0
Shares repurchased on vesting of restricted stock (in shares)		(237,033)
Warrants issued in connection with licensing activities	23,000	$ 0	23,000	0
Shares issued on exercise of warrants	1,000	$ 0	1,000	0
Shares issued on exercise of warrants (in shares)		162,500
Forfeiture of prior stock grants	(2,000)	$ 0	(2,000)	0
Forfeiture of prior stock grants (in shares)		(875)
Shares issued in connection with settlement of debt	180,000	$ 0	180,000	0
Shares issued in connection with settlement of debt (in shares)		60,000
Net income (loss)	4,284,000	$ 0	0	4,284,000
Balances at Dec. 31, 2012	24,965,000	$ 7,000	21,966,000	2,992,000
Balances (in shares) at Dec. 31, 2012		7,339,979
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures	1,000	$ 1,000	0	0
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures (in shares)		1,398,125
Issuance of Common Stock, private stock offering June 5, 2013	5,000,000	$ 2,000	4,998,000	0
Issuance of Common Stock, private stock offering June 5, 2013 (in shares)		1,428,573
Direct costs relating to equity placement / private stock offering	(311,000)	$ 0	(311,000)	0
Compensation expense in connection with stock options, warrants and restricted stock	4,810,000	0	4,810,000	0
Shares repurchased on vesting of restricted stock	(622,000)	$ 0	(622,000)	0
Shares repurchased on vesting of restricted stock (in shares)		(161,168)
Warrants issued in connection with licensing activities	2,000	$ 0	2,000	0
Net income (loss)	1,532,000	0	0	1,532,000
Balances at Dec. 31, 2013	35,377,000	$ 10,000	30,843,000	4,524,000
Balances (in shares) at Dec. 31, 2013		10,005,509
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures	1,000	$ 1,000	0	0
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures (in shares)		1,453,850
Issuance of Common Stock in connection with asset acquisition	2,286,000	$ 1,000	2,285,000	0
Issuance of Common Stock in connection with asset acquisition (in shares)		571,429
Compensation expense in connection with stock options, warrants and restricted stock	4,319,000	$ 0	4,319,000	0
Shares repurchased on vesting of restricted stock	(63,000)	$ 0	(63,000)	0
Shares repurchased on vesting of restricted stock (in shares)		(42,000)
Shares issued on exercise of stock options	6,000	$ 0	6,000	0
Shares issued on exercise of stock options (in shares)		10,666
Net income (loss)	(480,000)	$ 0	0	(480,000)
Balances at Sep. 30, 2014	$ 41,446,000	$ 12,000	$ 37,390,000	$ 4,044,000
Balances (in shares) at Sep. 30, 2014		11,999,454

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities
Net income (loss)	$ (480,000)	$ 1,936,000	$ 1,532,000	$ 4,284,000
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense	756,000	663,000	893,000	856,000
Amortization of deferred finance costs	56,000	77,000	88,000	119,000
Stock-based compensation	4,319,000	4,652,000	4,810,000	4,618,000
Allowance for doubtful accounts	(2,000)	45,000	14,000	25,000
Amortization of seller note discount	392,000	438,000	576,000	579,000
Amortization of senior note discount	0	139,000	139,000	235,000
Deferred income tax benefit	(1,239,000)	(1,515,000)	(1,259,000)	(928,000)
Impairment of long-lived asset			6,000	0
Loss (gain) on extinguishment of debt	0	1,351,000	1,351,000	(422,000)
Gain on reduction of contingent obligations	(600,000)	(5,100,000)	(5,122,000)	(6,300,000)
Changes in operating assets and liabilities:
Accounts receivable	(1,826,000)	(1,305,000)	(127,000)	(1,262,000)
Inventory	(339,000)	(90,000)	(70,000)	0
Other assets			(43,000)	(94,000)
Prepaid expenses and other assets	37,000	23,000
Accounts payable and accrued expenses	1,666,000	(325,000)	(119,000)	581,000
Deferred revenue	(69,000)	(3,000)	(211,000)	185,000
Other liabilities	21,000	(53,000)	(75,000)	115,000
Net cash provided by operating activities	2,692,000	933,000	2,383,000	2,591,000
Cash flows used in investing activities
Cash consideration for the acquisition of the Ripka Brand	(12,365,000)	0
Purchase of property and equipment	(645,000)	(268,000)	(412,000)	(117,000)
Increase in long-term security deposit	0	(8,000)	(97,000)	(175,000)
Reduction of restricted cash for security deposit			0	175,000
Net cash used in investing activities	(13,010,000)	(276,000)	(509,000)	(117,000)
Cash flows provided by financing activities
Proceeds from term debt related to the Ripka Brand	9,000,000	0
Proceeds from term debt related to the Isaac Mizrahi Brand	0	13,000,000	13,000,000	0
Proceeds from issuance of Common Stock and warrants	0	5,000,000	5,000,000	2,000
Proceeds from issuance on exercise of stock options	6,000	0
Shares repurchased on vesting of restricted stock	(63,000)	0	(622,000)	(711,000)
Payment of contingent obligation	(315,000)	0
Payment of deferred finance costs	(239,000)	(217,000)	(217,000)	22,000
Payment of seller note	0	(500,000)	(1,500,000)	0
Prepayment fee on extinguishment of debt	0	(189,000)	(189,000)	0
Payment of expenses related to issuance of Common Stock	0	(310,000)	(311,000)	(3,000)
Repayment of long-term debt	0	(13,500,000)	(13,500,000)	0
Repayment of installment debt obligation			0	(556,000)
Repayment of lease obligation	0	(3,000)	(3,000)	(17,000)
Net cash provided by (used in) financing activities	8,389,000	3,281,000	1,658,000	(1,263,000)
Net increase (decrease) in cash and cash equivalents	(1,929,000)	3,938,000	3,532,000	1,211,000
Cash and cash equivalents, beginning of period	7,461,000	3,929,000	3,929,000	2,718,000
Cash and cash equivalents, end of period	5,532,000	7,867,000	7,461,000	3,929,000
Supplemental disclosure of non-cash activities:
Issuance of notes payable as partial consideration in the acquisition of the Ripka Brand (net of debt discount - see Note 6)	4,165,000	0
Issuance of Common Stock in connection with the acquisition of the Ripka Brand	2,286,000	0
Contingent obligations relating to the acquisition of the Ripka Brand	3,784,000	0
Shares issued in connection with settlement of debt			0	180,000
Warrants issued in connection with licensing activities			2,000	23,000
Restructure of Seller Note			337,000	0
Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes	93,000	240,000	119,000	62,000
Cash paid during the period for interest	$ 571,000	$ 928,000	$ 1,117,000	$ 1,243,000

Nature of Operations, Background and Basis of Presentation

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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

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 adjustments) 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 nine months ended September 30, 2014 (the “Current Nine Months”) are not necessarily indicative of the results that may be expected for a full fiscal year.

The Company is a brand management company engaged in the design, licensing, marketing and retail sales of consumer brands, including the Isaac Mizrahi Brand, the Judith Ripka Brand (the “Ripka Brand”) and certain rights of the Liz Claiborne New York Brand (“LCNY”). The Company operates in two segments – (1) our Design and Licensing Business 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 omni-channel retail sales strategy including distribution through direct-response television (i.e. QVC, Inc. (“QVC”) and The Shopping Channel), the internet and traditional brick-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”). Retail Management launched an e-commerce platform under our Isaac Mizrahi Brand in May 2014. With the Ripka Brand acquisition, we also acquired the rights to the Ripka e-commerce site. We opened our first retail store in June 2013 in Southampton, New York (the “Southampton Store”) and opened our second retail store, an outlet store located near Atlanta, GA (the “Georgia Store”), in March 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.

Subsequent events

The Company evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the financial statements were issued for potential recognition or disclosure. Any material events that occur between the balance sheet date and the date that the financial statements were available for issuance are disclosed as subsequent events, while the financial statements are adjusted to reflect any conditions that existed at the balance sheet date. Based upon this review, the Company did not identify any recognized or non-recognized subsequent events that would have required adjustment or disclosure in the financial statements.

1.	NATURE OF OPERATIONS, BACKGROUND AND BASIS OF PRESENTATION

Xcel Brands, Inc. (“Xcel” and together with its subsidiaries, the “Company”) was incorporated on August 31, 1989 in the State of Delaware under the name Houston Operating Company. On April 19, 2005, we changed our name to NetFabric Holdings, Inc. and on September 29, 2011 we changed our name to Xcel Brands, Inc. The Company engages in the design, licensing, marketing and retail sales of consumer brands, including the 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 March 26, 2014 (see Note 12, 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 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 Company opened its second retail store, an outlet store, located near Atlanta, GA, on March 2, 2014. Also, Retail Management plans to launch an e-commerce platform later in 2014.

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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The consolidated financial statements include the accounts of Xcel Brands, Inc. and its wholly owned subsidiaries as of and for the years ended December 31, 2013 (the “Current Year”) and December 31, 2012 (the “Prior Year”). The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in accordance with the Securities and Exchange Commission’s (the “SEC”) accounting rules under Regulation S-X. All material intercompany accounts and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of the consolidated financial statements in conformity with U.S. 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.

Cash and Cash Equivalents

The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents.

Fair Value of Financial Instruments

For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and 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 current market rate and in the instances it does not, the impact on the time value is not material. When debt interest rates are below market rates, the Company considers the discounted value of the difference of actual interest rate and its internal borrowing against the scheduled debt payments.

Fair Value

The Financial Standards Accounting Board’s (“FASB”) accounting standard codification (“ASC”) Subtopic 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC Subtopic 820-10 outlines a valuation framework, creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements, and details the disclosures that are required for items measured at fair value. We have contingent obligations that are required to be measured at fair value on a recurring basis. Our contingent obligations were measured using inputs from level 3 of the fair value hierarchy, which states:

Level 3 – unobservable inputs that reflect our assumptions that market participants would use in pricing assets or liabilities based on the best information available. The Company’s earn-out obligation (See Note 5, Debt) is based upon certain projected net royalty revenues as defined in the terms and conditions of the acquisition of the Mizrahi brand.

Accounts Receivable

Accounts receivable are reported, net of allowance for doubtful accounts. Allowance for doubtful accounts are based on the Company’s ongoing discussions with its licensees, and its evaluation of each licensee’s payment history and account aging. As of December 31, 2013 and 2012, the Company had $3,541,000 and $3,428,000 of accounts receivable, net of allowance for doubtful accounts of $39,000 and $25,000, respectively. The accounts receivable balance includes $174,000 and $699,000 of earned revenue that has been accrued but not billed as of December 31, 2013 and December 31, 2012, respectively.

Property and Equipment

Furniture, equipment and software are recorded at cost and depreciated using the straight-line method over their estimated useful lives, generally three (3) to seven (7) years. Leasehold improvements are amortized over the shorter of their estimated useful lives or the terms of the leases. Betterments and improvements are capitalized, while repairs and maintenance are expensed as incurred.

Trademarks, Goodwill and Other Intangible Assets

The Company follows FASB, 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 of 4 to 5 years.

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 quantitative assessment analysis of its trademarks, other intangibles and goodwill at December 31, 2013 and determined that no further analysis or impairment charges were required.

Deferred Finance Costs

The Company incurred costs (primarily professional fees and underwriting fees) in connection with borrowings under the senior secured term loan. These costs have been deferred and are being amortized using the straight-line method over the life of the related debt.

Inventory

Inventories are stated at the lower of cost or market using the first in first out (“FIFO”) method. All inventories consist of finished goods and are located at the retail store location. The Company periodically reviews the value of items in inventory and provides write-downs or write-offs of inventory based on its assessment of market conditions. Write-downs, write-offs and shrinkage are charged to cost of goods sold. In the Current Year, the Company experienced shrinkage of $5,000. There were no retail operations or inventory in the Prior Year.

Contingent Obligations

Management analyzes and quantifies the expected contingent obligations (expected earn-out payments) over the applicable pay-out period. Management assesses 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 expense or income recognized in the period in which it is determined fair value has changed. Contingent obligations have been reduced by $5.1 million and $6.3 million during the Current Year and the Prior Year, respectively, and have been recorded as gains on the reduction of contingent obligations and included in operating income in the Company’s consolidated statements of operations (see Note 5, Debt).

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 “Accounting for Income Taxes” 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 December 31, 2013 and December 31, 2012. The Company’s U.S. Federal, state and local income tax returns are closed prior to fiscal year 2010 and management continually evaluates expiring statutes 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 consolidated balance sheets.

Revenue Recognition

Licensing revenue is generated from licenses and is based on reported sales of licensed products bearing our trademarks, at royalty rates specified in the license agreements. These agreements are also subject to contractual minimum levels.

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.

We recognize revenue from our retail store upon sale of our products to retail consumers, net of estimated returns.

Concentrations of Credit Risk

Financial instruments which potentially subject us to concentrations of credit risk consist principally of cash and cash equivalents, and accounts receivable. We limit our credit risk with respect to cash by maintaining cash balances with high quality financial institutions. At times our cash and cash equivalents may exceed federally insured limits. Concentrations of credit risk with respect to accounts receivable are minimal due to the limited amount of outstanding receivables and due to the nature of our royalty revenues. Generally, we do not require collateral or other security to support accounts receivables.

Stock-Based Compensation

The Company accounts for stock-based compensation in accordance with ASC Topic 718 “Compensation - Stock Compensation”, by recognizing the fair value of stock-based compensation as an operating expense in the Company’s consolidated statements of operations. Stock-based compensation can include stock options and restricted stock grants.

Stock Options - 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.

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 is recognized over the period between the grant date and the date any restrictions lapse. 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.

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 stock-based compensation is amortized over the service period of the awards.

Advertising Costs

All costs associated with production for the Company’s advertising campaigns are expensed during the periods when the activities take place. All other advertising costs such as print and online media are expensed when the advertisement occurs. The Company incurred no advertising costs for the Current Year and Prior Year.

Operating Leases

Total rent payments under operating leases that include scheduled payment increases and rent holidays are amortized on a straight-line basis over the term of the lease. Landlord allowances are amortized by the straight-line method over the term of the lease as a reduction of rent expense.

Earnings per Share

Basic earnings per share excludes dilution and is computed by dividing net income (or loss) 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 common shares issuable upon the exercise of stock options and Warrants using the treasury stock method. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options, Warrants and restricted stock outstanding were exercised into Common Stock if the effect is anti-dilutive.

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, with early adoption permitted. The Company did early adopt this ASU 2012-02. The adoption of ASU No. 2012-02 did not have a material impact on the Company’s results of operations or the Company’s consolidated financial position.

In July 2013, the FASB issued ASU 2013-11, “Income Taxes.” (Topic 740): Presentation of an Unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This ASU’s objective is to eliminate diversity in practice resulting from a lack of guidance on this topic in current U.S. GAAP. This ASU provides guidance on financial statement presentation of an unrecognized tax benefit when a net operating loss (NOL) carryforward, a similar tax loss, or a tax credit carryforward exists. This ASU applies to all entities with unrecognized tax benefits that also have tax loss or tax credit carryforwards in the same tax jurisdiction as of the reporting date and is effective for periods beginning after December 31, 2013. The Company does not have unrecognized tax benefits as of December 31, 2013 and therefore the adoption of ASU No. 2013-11 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 recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s consolidated financial statements.

Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2014

Accounting Policies [Abstract]

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers” (ASU 201-09). ASU 201-09 provides guidance for revenue recognition and affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets and supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition,” and most industry-specific guidance. The core principle of ASU 2014-09 is the recognition of revenue when a company transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. ASU 2014-09 defines a five-step process to achieve this core principle and, in doing so, companies will need to use more judgment and make more estimates than under the current guidance. These may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU 2014-09 is effective for fiscal years beginning after December 15, 2016 and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the method and impact the adoption of ASU 2014-09 will have on the Company’s condensed consolidated financial statements and disclosures.

In June 2014, the FASB issued ASU No. 2014-12, “Compensation - Stock Compensation” (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period (“ASU 2014-12”). ASU 2014-12 affects entities that grant their employees share-based payments in which terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments in ASU 2014-12 require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. ASU 2014-12 is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted. The Company is currently evaluating the method and impact the adoption of ASU 2014-12 will have on the Company’s condensed consolidated financial statements and disclosures.

- Definition

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6510796

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 01
-Paragraph b
-Subparagraph 6
-Article 10

+ Details

Acquisition of the Judith Ripka Trademarks

9 Months Ended

Sep. 30, 2014

Asset Acquisition [Abstract]

Asset Acquisition [Text Block]

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 April 3, 2014, 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 “JR Seller Notes”) (see Note 6) and the issuance of 571,429 shares of the Company’s stock. The Company is also obligated to pay to Ripka $1.0 million (the “First Installment”) and $1.2 million (the “Second Installment”) in cash or shares of the Company’s Common Stock on October 1, 2014 and April 1, 2015, respectively, subject to approval by the Company’s senior lender, Bank of Hapoalim (“BHI”). The First Installment payment date was extended to January 8, 2015. The extension did not result in any penalty or cost to the Company. In addition, the Company agreed to pay Ripka additional contingent consideration of up to $5 million in aggregate, payable in cash or shares of the Company’s Common Stock (see Note 6).

Concurrent with the acquisition of the Ripka Brand, the Company entered into (i) a license agreement with QVC that provides for a royalty to be paid to the Company by QVC based on net sales of products under the Ripka Brand (the “QVC Ripka 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 provides 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 Ms. Ripka becoming obligated to make a specified payment to QVC under the QVC Ripka Agreement and remains exercisable until such obligation is satisfied in full. Management has determined that the probability of the warrants becoming exercisable is highly unlikely and, therefore, no value was assigned to them as of September 30, 2014.

Concurrent with the acquisition of the Ripka Brand, JR Licensing entered into a $9 million, 5-year term loan with BHI and amended the existing IM Term Loan, as more fully described in Note 6.

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.

Ms. Ripka is also eligible to receive an annual cash bonus for each calendar year during the term of her employment (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 was accounted for as an asset purchase. The aggregate purchase price was allocated to the following assets based on the fair market value of the assets on the date of acquisition:

Allocated to:
Trademarks	$	24,600,000
Copyrights & other intellectual property		190,000
Total acquisition price	$	24,790,000

The following represents the aggregate purchase price of $24.8 million, including legal and other fees of $0.39 million:

Cash paid	$	11,975,000
Installment payment due October 1, 2014		1,000,000
Installment payment due April 1, 2015		1,190,000
JR Seller Notes (at fair value, see Note 6)		4,165,000
Fair value of common stock issued (571,429 shares)		2,286,000
Ripka Earn-Out obligation (at fair value, see Note 6)		3,784,000
Direct transaction expenses		390,000
Total consideration	$	24,790,000

Trademarks, Goodwill and Other Intangibles

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Trademarks, Goodwill and Other Intangibles

Trademarks and other intangibles, net consist of the following:

	September 30,		December 31,
	2014		2013
Trademarks	$	69,100,000	$	44,500,000
Licensing agreements		2,000,000		2,000,000
Copyrights & other intellectual property		190,000		–
Accumulated amortization		(1,598,000)		(1,192,000)
Net carrying amount	$	69,692,000	$	45,308,000

Amortization expense for intangible assets for the Current Nine Months and the nine months ended September 30, 2013 (the “Prior Year Nine Months”) was $406,000 and $395,000, respectively. The trademarks of the Ripka Brand and the Isaac Mizrahi Brand and related goodwill have been determined to have an indefinite useful life and accordingly, consistent with Accounting Standards Codification (“ASC”) Topic 350, no amortization has been recorded in the Company's unaudited condensed consolidated statements of operations.

As of September 30, 2014, the Company had $12,371,000 of goodwill relating to the acquisition of the Isaac Mizrahi Business. There was no change in goodwill during the Current Nine Months

3. Trademarks, Goodwill and Other Intangibles

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

	December 31, 2013		December 31, 2012
Trademarks	$	44,500,000	$	44,500,000
Licensing agreements		2,000,000		2,000,000
Accumulated amortization, licensing agreements		(1,192,000)		(665,000)
Net carrying amount	$	45,308,000	$	45,835,000

The following table presents amortization expense for licensing agreements over the remaining useful life:

Year Ending	Carrying Value		Amortization Expense
December 31, 2014	$	279,000	$	529,000
December 31, 2015		-	$	279,000

Amortization expense for intangible assets for each of the years ended December 31, 2013 and 2012 is $527,000. The Mizrahi brand Trademarks 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 consolidated statements of operations.

The Company has $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 Year.

- 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

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Significant Contracts [Abstract]

Significant Contracts [Text Block]

5.	Significant Contracts

QVC Agreements

In connection with the Company’s agreements with QVC, they are required to pay us fees based primarily on a percentage of its net sales of Isaac Mizrahi and Ripka branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Royalties from QVC totaled $10,654,000 and $5,976,000 for the Current Nine Months and the Prior Year Nine Months, respectively, representing 69% and 58% of the Company’s total revenues, respectively. As of September 30, 2014 and December 31, 2013, the Company had receivables from QVC of $3,839,000 and $2,060,000, representing 72% and 58% of the Company’s receivables, respectively. The December 31, 2013 QVC receivable includes $152,000 of earned revenue that had been accrued but not billed as of December 31, 2013.

4. Significant Contracts

QVC Agreement

In connection with the Company’s agreement with QVC, they are required to pay fees based primarily on a percentage of its net sales of Mizrahi branded merchandise. Licensing revenues from QVC totaled $8.13 million and $7.69 million for the Current Year and the Prior Year, respectively, representing 61% of the Company’s total revenues each year. As of December 31, 2013 and December 31, 2012, the Company had a receivable from QVC in the amount of $2.06 million and $1.90 million, respectively, representing 55% of the Company’s receivables each year. The December 31, 2013 QVC receivable includes $152,000 of earned revenue that has been accrued but not billed as of December 31, 2013.

LCNY Agreement

In connection with the Company’s agreement with Kate Spade and Company (formerly Fifth & Pacific Companies, Inc. and formerly Liz Claiborne, Inc.) (“KSC”) (the “LCNY Agreement”), KSC is required to pay the Company royalties based primarily on a percentage of royalties KSC receives from QVC under a separate license agreement between KSC and QVC. Revenues from the LCNY Agreement totaled $1.57 million and $1.71 million for the Current Year and the Prior Year, respectively, representing 12% and 13% of the Company’s total revenues, respectively. As of December 31, 2013 and December 31, 2012, the Company had a receivable from KSC in the amount of $0.61 million and $0.70 million, respectively, representing 18% and 20% of the Company’s receivables, respectively.

Debt

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Debt

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

	September 30,		December 31,
	2014		2013
IM Term Loan	$	13,000,000	$	13,000,000
JR Term Loan		9,000,000		–
IM Seller Note		5,284,000		5,045,000
JR Seller Notes		4,318,000		–
Contingent obligation – IM Seller		5,766,000		6,681,000
Contingent obligation – JR Seller		3,784,000		–
Total		41,152,000		24,726,000
Current portion		2,500,000		565,000
Total long-term debt	$	38,652,000	$	24,161,000

IM Term Loan

On August 1, 2013, IM Brands entered into a $13.0 million 5-year term loan with BHI (the “IM Term Loan”). On April 3, 2014, in connection with entering into the JR Term Loan (as defined below) and the Ripka Brand acquisition, the Company amended the IM Term Loan. The IM 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. The obligations under the IM Term Loan are also guaranteed by the Company. Scheduled principal payments are as follows:

	Amount of
	Principal
Date of Payment	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, on and after January 1, 2015, IM Brands shall repay an amount equal to fifty percent (50%) of Cash Flow Recapture (as defined below) until such time as principal payments received by BHI for the IM Term Loan and the JR Term Loan (as defined below) are equal to or greater than $1 million in the aggregate (other than a result of scheduled payments), thereafter IM Brands will begin to repay twenty percent (20%) of 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 IM 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 and other non-monetary covenants, including reporting requirements and trademark preservation in accordance with the terms and conditions of the IM Term Loan. In addition,:

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 the Company and its subsidiaries on a consolidated basis in any fiscal year shall not exceed $1.3 million;

$31 million of minimum net worth to be maintained by the Company at all times;

$3 million of minimum liquidity covenants to be maintained by the Company at all times.

As of September 30, 2014, the Company and IM Brands were in full compliance with all of the covenants under the IM Term Loan.

JR Term Loan

On April 3, 2014, the Company entered into a $9 million 5-year term loan with BHI (the “JR Term Loan”). The JR Term 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 Term 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 Term Loan is bearing interest based on LIBOR, on the last business day of the applicable interest period and, if the JR Term 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:

	Amount of
	Principal
Date of Payment	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 Term 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 the IM Term Loan, secured by a pledge of all of JR Licensing’s assets.

Financial Covenants. The Company is required to maintain;

	·	Minimum fixed charge ratio (as defined in the BHI loan documents), 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 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 on a consolidated basis in any fiscal year shall not exceed $1.3 million;

	·	$31 million of minimum net worth to be maintained at all times;

	·	$3 million of minimum liquidity covenants to be maintained at all times; and

	·	other non-monetary covenants, including reporting requirements and trademark preservation in accordance with the terms and conditions of the JR Term 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. As of September 30, 2014, the Company and JR Licensing were in full compliance with all of the covenants under the JR Term Loan.

IM 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 “IM Seller Note”) in the principal amount of $7,377,000. The stated interest rate of the IM 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 IM 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 IM Seller Note. The imputed interest amount is being amortized over the term of the IM 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 IM 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:

					Amount
					Payable in
			Amount		Cash with		Amount
	Payment		Payable in		Restrictions		Payable in
Payment Date	Amount		Cash (i)		(ii)		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 IM 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 IM Seller Note discount by $337,000, and accordingly reduced the carrying value of the IM Seller Note. Management has determined that the amendment to the IM 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 Nine Months and the Prior Year Nine Months, the Company incurred interest expense of $254,000 and $469,000, respectively, which includes amortization of the discount on the IM Seller Note of $239,000 and $438,000, respectively. The IM Seller Note balance, net of discount, at September 30, 2014 and December 31, 2013 was $5,284,000 and $5,045,000, respectively.

JR Seller Notes

On April 3, 2014, as part of the consideration for the purchase of the Ripka Brand, JR Licensing issued to Ripka $6.0 million principal amount JR Seller Notes. The JR Seller 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 JR Seller Notes in the event the Company’s stock is trading at a price of less than $7.00 per share.

Management determined that its expected borrowing rate is estimated to be 7.33% and has, therefore, discounted the JR Seller Notes by $1,835,000 using a 7.33% imputed annual interest rate, resulting in an initial value of $4,165,000. The imputed interest amount is being amortized over the term of the JR Seller Notes and recorded as other interest and finance expense on the Company’s unaudited condensed consolidated statements of operations.

For the Current Nine Months, the Company incurred interest expense of $ 153,000, which consists solely of amortization of the discount on the JR Seller Notes. The JR Seller Notes balance, net of discount, at September 30, 2014 was $4,318,000.

Contingent Obligations

IM 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 $3.0 million and $3.6 million long-term debt at September 30, 2014 and December 31, 2013, respectively, and $0.3 million as a current liability at December 31, 2013, on the condensed consolidated balance sheets.

The additional $0.6 million reduction was recorded as a gain on reduction of contingent obligations in the Company’s unaudited condensed consolidated statements of operations in the Current Nine Months. The reduction in the Earn-Out Obligation was based primarily on a revision of projected future net royalty income related to the Isaac Mizrahi Brand within the earn-out period. The recorded earn-out obligation was reduced as a result of the timing of projected future net royalty income of the Isaac Mizrahi Business, therefore diminishing the probability of achieving the remaining royalty target. This adjustment resulted from the Company having better visibility in its 2015 royalties given current Isaac Mizrahi Brand product sales information.

Any future change in the Earn-Out Obligation will result in an expense or income in the period in which it is determined the fair market value of the carrying value has changed. The royalty targets and percentage of the potential earn-out value are as follows:

	ROYALTY		EARN- OUT
ROYALTY TARGET PERIOD	TARGET		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.

	% OF
	EARN- OUT
APPLICABLE	VALUE
PERCENTAGE	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” (“ASC Topic 480”), 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.

IM 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.

Ripka Earn-Out

In connection with the purchase of the Ripka Brand, 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. The Ripka Earn-Out of $3.78 million is recorded as long-term debt at September 30, 2014 on the condensed consolidated balance sheets based on the difference between the fair value of the assets of the Ripka Brand acquired and the total consideration paid.

In accordance with ASC Topic 480, 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.

As of September 30, 2014 and December 31, 2013, total contingent obligations were $9.6 million and $6.7 million, respectively.

5. Debt

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

	December 31,
	2013		2012
Term Note	$	13,000,000	$	12,579,000
Seller Note		5,045,000		6,306,000
Contingent obligation – due to seller		6,681,000		11,466,000
Other long term liabilities		57,000		45,000
Total		24,783,000		30,396,000
Current portion		565,000		1,350,000
Total long term debt	$	24,218,000	$	29,046,000

Term Loan- Old Loan

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

The principal amount of the Loan was payable quarterly as follows: 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 .

The interest rate on the Loan was a fixed rate of 8.5%, payable in cash.

Optional Prepayment. IM Brands could have prepaid the Old Loan in whole or in part in increments of $500,000, provided that IM Brands paid the following premiums in connection with the prepayment:

Period	Applicable Premium
Prior to September 29, 2013		2	%
Prior to September 29, 2014		1	%
On or After September 29, 2014		0	%

New Term Loan

On August 1, 2013, the Company extinguished the Old Loan with proceeds from a new $13.0 million, 5-year term loan with Bank of Hapoalim B.M. (“BHI”) (the “New Loan”). The New 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 New 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 for any fiscal period is defined as, 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 New Loan) paid or payable during such period less (c) all income tax payments made during such period.

On August 1, 2013, the extinguishment of the Old Loan resulted in an approximate loss on extinguishment of debt of $1,351,000, consisting of $381,000 of unamortized deferred costs, $781,000 from acceleration of the loan discount, and $189,000 for prepayment fees and expenses of the Old Loan. The prepayment fee was equal to 1.5% of the outstanding balance of the Old Loan immediately before the extinguishment.

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 New Loan. As of December 31, 2013, the Company and IM Brands were in full compliance with all of the covenants under the New Loan.

Seller Note

On the Closing Date, the Company delivered 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 has determined that this rate was below the Company’s expected borrowing rate, which was 9.25% on the Closing Date. 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 discount is amortized into (increases) the basis of the Seller Note over the term of the Seller Note.

The Seller Note was initially scheduled to mature on September 29, 2014 (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 market value of the Common Stock on the Maturity Date and (ii) $4.50 subject to certain adjustments; provided, however, that if the fair market 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. 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 market 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 market value of the Common Stock on the Subsequent 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 market value of the Common Stock at the time of the conversion, so long as the fair market value of our Common Stock is at least $4.50 .

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 Year and the Prior Year, the Company incurred interest expense of $617,000 and $579,000, respectively, which includes amortization of the Seller Note discounted balance of $576,000 and $541,000, respectively. The Seller Note balance, net of discount, at December 31, 2013 and December 31, 2012 was $5,045,000 and $6,306,000, respectively.

Contingent Obligations

Earn-out obligation

The Earn-Out Obligation allows IM Ready to 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. IM Ready was eligible to earn additional shares of Common Stock for the fiscal year ended September 30, 2013 and 2012, but did not meet the minimum net royalty income target. In addition, 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 ended September 30, 2014 and the Company agreed to make a one-time cash payment of $315,000 to IM Ready, which was made in March 2014. The Earn-Out Obligation is recorded as $3.6 million and $8.7 million as long-term debt at December 31, 2013 and December 31, 2012, respectively and $0.3 million as a current liability, on the Company’s consolidated balance sheets. The $5.1 million and $6.3 million reduction was recorded as a gain on reduction of contingent obligations in the Company’s December 31, 2013 and 2012 consolidated statement of operations, respectively. The reduction in the Earn-Out Obligation for the Current Year was based on (1) the amendment eliminating any earn-out for fiscal year ended September 30, 2014 and (2) a revision of the timing of projected future net royalty income related to the Mizrahi brand, therefore reducing the probability of achieving the corresponding royalty target within the Earn-Out period. The reduction in the Earn-Out Obligation for the Prior Year was based on a revision of the timing of projected future net royalty income within the earn-out period related to the Mizrahi brand, therefore diminishing the probability of achieving the corresponding royalty targets. 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 consolidated balance sheets because of the variable number of shares payable under the agreement.

QVC Earn-Out

The QVC Earn-Out payment requires the Company to pay IM Ready $2.8 million, payable in cash or Common Stock, at the Company’s option, contingent upon the 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’). The current term of the QVC Agreement, as amended, runs through September 30, 2020. 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 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 December 31, 2013, the Earn-Out Obligation is $3.9 million and the QVC Earn-Out is $2.8 million, which combined is equal to $6.7 million and represents the total contingent obligation to IM Ready. The total contingent obligation to IM Ready as of December 31, 2012 was $11.5 million.

Stockholders' Equity

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

7.	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. (See Note 12 Subsequent Events)

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 was 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 vesting date of 97,500 shares of restricted stock was September 30, 2014 and the vesting date of 97,500 shares of restricted stock is 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. As of September 30, 2014, restrictions on 85,000 shares have lapsed and the remaining 1,185,000 shares are scheduled to vest on March 31, 2015. The Company repurchased 40,750 shares of restricted stock upon vesting to satisfy the grantees’ tax withholding obligation.

On April 1, 2013, the Company issued to non-management directors 100,000 shares of restricted stock. The vesting date of 50,000 shares of restricted stock was September 30, 2014 and the vesting date of 50,000 shares of restricted stock is 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. As of September 30, 2014, restrictions on 10,000 shares have lapsed and 90,000 shares are scheduled to vest on March 31, 2015.

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 vested 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. As of September 30, 2014, restrictions on 2,500 shares have lapsed and 550,000 shares, 89,500 shares, 92,000 shares and 91,000 shares are scheduled to vest on January 1, 2015, March 31, 2015, September 30, 2015 and September 30, 2016, respectively. The Company repurchased 1,250 shares of restricted stock upon vesting to satisfy the grantee’s tax withholding obligation.

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. As of September 30, 2014, all of these options have been forfeited.

On April 1, 2014, the Company issued to non-management directors 50,000 shares of restricted stock. The shares of restricted stock will vest evenly over two years, whereby 50% shall vest on March 31, 2015 and 50% shall vest on March 31, 2016. 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 15, 2014, the Company issued to certain executives and employees 557,475 shares of restricted stock. The shares of restricted stock will vest evenly over two years, whereby 50% shall vest on May 31, 2015 and 50% shall vest on May 31, 2016. 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 15, 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 $7.50 per share, and 50% of the options will vest on each of May 15, 2015 and 2016.

On July 15, 2014, the Company issued one of its directors 25,000 shares of restricted stock. The shares of restricted stock will vest evenly over two years, whereby 50% shall vest on March 31, 2015 and 50% shall vest on March 31, 2016. Notwithstanding the foregoing, the 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 July 1, 2014, the Company granted options to purchase an aggregate of 35,000 shares of Common Stock to certain non-executive employees of the Company. The exercise price per share of the options is $7.50 per share, and 50% of the options will vest on each of June 30, 2015 and 2016.

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 was estimated at the dates of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility (i)	24-30	%
Expected Dividend Yield	0	%
Expected Life (Term) (ii)	2 – 3 years
Risk-Free Interest Rate	0.58% - 0.69	%

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 Nine Months is as follows:

			Weighted Average
	Options		Exercise Price
Outstanding at January 1, 2014		343,125	$	4.55
Granted		135,000		6.57
Canceled		–		–
Exercised		(19,000)		3.58
Expired/Forfeited		(65,125)		4.55
Outstanding at September 30, 2014 and expected to vest		394,000	$	5.29
Exercisable at September 30, 2014		309,000	$	4.70

Compensation expense related to stock option grants for the Current Nine Months and the Prior Year Nine Months was $37,000 and $58,000, 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 $100,000 is expected to be expensed over a period of 21 months from October 1, 2014 through June 2016.

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 Nine Months 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 September 30, 2014 and expected to vest		1,469,543	$	3.05
Exercisable at September 30, 2014		1,457,043	$	3.03

Compensation expense related to warrants for the Current Nine Months and the Prior Year Nine Months was $0 and $33,000, respectively. Compensation expense related to warrants in the Prior Year Nine Months 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 Nine Months and the Prior Year Nine Months was $13,000 and $3,000, respectively. The Company fully amortized the remaining value of warrants due to the termination of the related license agreement during the current Nine Months.

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 was on the Company’s board of directors through June 26, 2014 (see Note 11, 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. 12,500 of the 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 Nine Months and the Prior Year Nine Months was $1,000 and $0, respectively. No additional amount is expected to be amortized after September 30, 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 Nine Months is as follows:

			Weighted- Average
	Restricted		Grant Date Fair
	Shares		Value
Outstanding at January 1, 2014		2,026,554	$	3.59
Granted		1,457,475		5.28
Canceled		–		–
Vested		(110,000)		3.86
Expired/Forfeited		(3,625)		3.86
Outstanding at September 30, 2014		3,370,404	$	4.39

Compensation expense related to restricted stock grants for the Current Nine Months and Prior Year Nine Months was $4,282,000 and $4,562,000, 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 $4,466,000 is expected to be amortized over a period of 24 months from October 1, 2014 through September 2016.

Shares Available Under the Company’s 2011 Equity Incentive Plan

At September 30, 2014 there were 614,033 common shares available for issuance under the Company’s 2011 Equity Incentive Plan.

Shares Reserved for Issuance

At September 30, 2014, there were 2,478,152 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.

6. Stockholders’ Equity

Private Offering of Equity Securities

On June 5, 2013 in a private offering to affiliates of an existing shareholder and a director of the Company, which are accredited investors, the Company issued and sold an aggregate of 1,428,573 shares of its Common Stock and Warrants to purchase an aggregate of 312,500 shares of the Company’s Common Stock for aggregate gross proceeds of $5,000,000 (the “Offering”). The Warrants are exercisable at a price of $5.00 per share, at any time on or prior to June 5, 2018.

We concluded that there is a discounted component to the Offering as compared to the then market value of our Common Stock, primarily due to the limited liquidity in our shares. Based on the Company’s analysis, the Company concluded that such discount was 10% and therefore grossed up the offering price based on the discount, resulting in a fair value of $3.86 per common share.

The fair value for the Warrants was estimated $.12 for each warrant to purchase one share of Common Stock using the Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility (i)	22.5	%
Expected Dividend Yield	0	%
Expected Life Term (ii)	2.5
Risk-Free Interest Rate	0.39	%

(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 No. 110.

The proceeds of the Offering were accounted for as the par value of the Common Stock ($.001 per share) issued and the balance ($3.499 per share) as additional paid in-capital, inclusive of the value of the Warrants.

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 will be administered by the Company’s board of directors (the “Board”), or, at the Board's discretion, a committee of the Board.

On April 17, 2012, the Company issued to management an aggregate of 1,150,000 shares of restricted stock. The vesting date of 1,075,000 shares of restricted stock was November 15, 2013, provided, however, that each such grantee has the right to extend the vesting date by six-month increments in his or her sole discretion, prior to the date the restrictions would lapse. The vesting date of 37,500 shares of restricted stock was May 15, 2013, provided however, the 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 vesting date of 37,500 shares of restricted stock is May 15, 2014, provided however, the executive has the right to extend the vesting date by six-month increments in his sole discretion, prior to the date the restrictions would lapse. As of December 31, 2013, restrictions on 827,776 shares have lapsed and 322,224 restricted shares are scheduled to vest on May 15, 2014. The Company repurchased 153,896 and 218,163 shares of restricted stock upon vesting of restricted stock in satisfying the grantees’ tax withholding obligation on November 15, 2013 and November 15, 2012, respectively, at a price of $3.86 and $3.00 per share, respectively.

On May 1, 2012, the Company granted options to purchase an aggregate of 105,500 shares of Common Stock 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. Of these awards, 1,500 and 26,750 options were forfeited in 2013 and 2012, respectively, and reverted to, and are eligible for re-grant under the Plan. As of December 31, 2013, no vested shares have been exercised.

On June 1, 2012, the Company issued to non-management directors 138,335 shares of restricted stock. The vesting date of 138,335 shares of restricted stock was December 1, 2013, 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. As of December 31, 2013, restrictions on 88,863 shares have lapsed and 49,472 restricted shares are scheduled to vest on June 1, 2014. The Company repurchased 7,272 and 18,870 shares of restricted stock upon vesting of restricted stock in satisfying the grantees’ tax withholding obligation on December 1, 2013 and December 1, 2012, respectively, at a price of $3.86 and $3.00 per share, respectively.

On June 1, 2012, the Company issued to management 256,608 shares of restricted stock. The vesting date of 256,608 shares of restricted stock is June 1, 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.

On April 1, 2013, the Company issued to management and employees 1,270,000 shares of restricted stock. The vesting date of 1,075,000 shares of restricted stock is March 31, 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 two years, whereby 50% shall vest on March 31, 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 March 31, 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 two years, whereby 50% shall vest on April 30, 2014 and 50% shall vest on April 30, 2015.

Stock Options and Warrants

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

	Year Ended December 31, 2013			Year Ended December 31, 2012
Expected Volatility (i)		21-22	%		39-40	%
Expected Dividend Yield		0	%		0	%
Expected Life (Term) (ii)		1-3 years			4-5 years
Risk-Free Interest Rate		0.21 – 0.39	%		0.70% - 0.80	%

(i)

Due to the Company’s limited trading activity, the Company used the average volatility of 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 SAB Topic 14.02 in accordance with SAB No. 110.

Stock Options

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.

Summary of the Company’s stock options for the years ended December 31, 2013 and 2012 are as follows:

			Weighted-Average
	Options		Exercise Price
Outstanding at January 1, 2012		267,125	$	5.00
Granted		105,500		3.00
Canceled		-		-
Exercised		-		-
Expired/Forfeited		(27,625)		(3.06)
Outstanding at December 31, 2012		345,000		4.54
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		(1,875)		(3.40)
Outstanding and expected to vest at December 31, 2013		343,125	$	4.55
Exercisable at December 31, 2013		304,500	$	4.75

The weighted average grant date fair value per share of options granted during the year ended December 31, 2012 was $0.99.

The weighted average contractual term (in years) of options outstanding as of December 31, 2013 and 2012, were 3.60 and 4.61 respectively. The weighted average contractual term (in years) of options exercisable as of December 31, 2013 and 2012, were 3.08 and 4.03 respectively.

The aggregate intrinsic value is calculated as the difference between the market price of the Company’s Common Stock as of December 31, 2013 and the exercise price of the underlying options. At December 31, 2013 and 2012, the aggregate intrinsic value of options outstanding was zero. In addition, at December 31, 2013 and 2012, the aggregate intrinsic value of options exercisable was zero. There were no unamortized stock options as of December 31, 2013. There were no options exercised for the year ended December 31, 2013 and 2012.

Compensation expense related to stock option grants for the year ended December 31, 2013 and 2012 was $69,000 and $65,000, respectively. An additional $13,000 is expected to be expensed through April 30, 2014.

Warrants

A summary of the Company’s Warrants for the years ended December 31, 2013 and 2012 is as follows:

			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 December 31, 2012		1,132,043		2.47
Granted		337,500		5.00
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding at December 31, 2013		1,469,543	$	3.05
Exercisable at December 31, 2013		1,457,043	$	3.03

Compensation expense related to Warrants grants for the years ended December 31, 2013 and 2012 was $33,000 and $44,000, respectively.

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.

On January 23, 2012, we issued to a licensee Warrants to purchase 75,000 shares of Common Stock with an exercise price of $5.50 per share and a term of 5-years. Compensation expense related to Warrants in connection with the 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 each of the years ended December 31, 2013 and 2012 was $5,000. An additional amount of $13,000 is expected to be amortized over a period of 33 months from January 1, 2014 through September 30, 2016.

On June 5, 2013, in connection with the Offering we issued Warrants to purchase 312,500 shares of Common Stock with an exercise price of $5.00 per share and a term of 5-years.

On October 4, 2013, we 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, Warrants to purchase 25,000 shares of Common Stock at an exercise price of $5.00 per share. The Warrants were in connection with performance targets under a licensing agent agreement with AD (See Note 11, Related party Transactions). These Warrants expire on August 2, 2016. On October 4, 2013, 12,500 Warrants vested and 12,500 vest upon achieving the second performance target. (See Note 11, Related Party Transactions)

Restricted Stock

Compensation cost for restricted stock is measured using the fair value of the Company’s Common Stock at the date of the grant. 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 year ended December 31, 2013 and 2012 is as follows:

	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		(596,586)		3.00
Expired/Forfeited		(875)		3.34
Outstanding at December 31, 2012		964,607		3.00
Granted		1,399,750		3.86
Canceled		-		-
Vested		(336,178)		3.01
Expired/Forfeited		(1,625)		3.82
Outstanding at December 31, 2013		2,026,554	$	3.59

Compensation expense related to restricted stock grants for the years ended December 31, 2013 and 2012 was $4,741,000 and $4,514,000, respectively. An additional $826,000 is expected to be expensed through April 30, 2015.

The following table provides information with respect to purchases by the Company of restricted stock during the Current Year and Prior Year.

Date	Total Number of Shares Purchased (a)		Average Price Paid per Share		Number of Shares Purchased as Part of Publically Announced Plan		Fair value of re-purchased shares
November 15, 2012		218,163	$	3.00		-	$	654,000
December 1, 2012		18,870		3.00		-		56,000
Total 2012		237,033					$	710,000

November 15, 2013		153,896	$	3.86		-	$	594,000
December 1, 2013		7,272		3.86		-		28,000
Total 2013		161,168				-	$	622,000

(a)

All of the shares of restricted stock in the proceeding table were originally granted to employees and directors as restricted stock pursuant to the Company’s Plan. The shares reflected above were relinquished by employees and directors in exchange for the Company’s agreement to pay federal and state and local withholding obligations on behalf of such employees and directors on the vesting of restricted stock.

Shares Available Under the Company’s 2011 Equity Incentive Plan

At December 31, 2013 there were 2,095,758 common shares available for issuance under the Plan.

Shares Reserved for Issuance

At December 31, 2013 there were 3,909,002 common shares reserved for issuance pursuant to unexercised Warrants and stock options, and availability for issuance 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, 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.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-SubTopic 10
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-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Subparagraph (SAB TOPIC 4.C)
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
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-Section 02
-Paragraph 29, 30, 31
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Earnings Per Share

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

8.	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:

	Nine Months Ended
	September 30,
	2014		2013
Basic		11,526,277		8,892,303
Effect of exercise of warrants		–		4,644
Effect of exercise of stock options		–		581,840
Diluted		11,526,277		9,478,787

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:

		Nine Months Ended September 30,
	2014		2013
Stock options and warrants		-		949,498

7. 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 using the treasury stock method. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options and Warrants outstanding were exercised and have been converted into Common Stock.

For the Current Year, 265,875 shares issuable upon exercise of options and 886,050 shares issuable upon exercise of Warrants were excluded from the calculation of earnings per share because they were anti-dilutive. For the Prior Year, 345,000 shares issuable upon exercise of options and 548,550 shares issuable upon exercise of Warrants were excluded from the calculation of earnings per share because they were anti-dilutive.

A reconciliation of shares used in calculating basic and diluted earnings per share follows:

	Year Ended December 31, 2013	Year Ended December 31, 2012
Basic	9,193,101	6,936,452
Effect of exercise of options and Warrants	598,392	641,109
Diluted	9,791,493	7,577,561

Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

8. Commitments and Contingencies

Leases

The Company leases office space and retail store space under operating lease agreements that expire at various dates through March 31, 2016. The majority of the lease obligations are related to the Company’s main headquarters located in New York City, which lease expires February 2016. Future minimum lease payments under the terms of these noncancelable operating lease agreements are as follows:

	Lease Payments
Year ending December 31, 2014	$	721,000
Year ending December 31, 2015		751,000
Year ending December 31, 2016		119,000
Total future noncancelable minimum lease payments	$	1,591,000

The corporate headquarters’ lease requires the Company to pay additional rents by virtue of increases in the base taxes and other costs on the property. In addition, retail store operating leases provide for additional bonus rent based on a percentage of annual retail sales in excess of targeted levels. Additional rents have not been material. Total rent expense was $708,000 and $619,000 for the years ended December 31, 2013 and 2012, respectively.

The Company has contracts with certain executives and key employees. The future minimum payments under these contracts are:

	Employment Contract Payments
Year ending December 31, 2014	$	2,472,000
Year ending December 31, 2015		1,128,000
Year ending December 31, 2016		834,000
Total future minimum employment contract payments	$	4,434,000

In addition to the employment contract payments stated above, the Company’s employment contracts with certain executives and key employees contain performance based bonus provisions. These provisions include bonuses based on the Company achieving revenues in excess of established targets and/or on operating results.

Income Taxes

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

9.	Income Tax

The effective income tax rate for the Current Nine Months and the Prior Year Nine Months was approximately 55% and (524%), respectively, resulting in a $0.58 million and $1.63 million income tax benefit, respectively. During the Current Nine Months, the Company recorded a $0.6 million gain on the reduction of contingent obligations related to the acquisition of the Isaac Mizrahi Brand. This gain is not subject to tax and was treated as a discrete item in the Current Nine Months (See Note 6, Debt). This gain was not subject to tax and was treated as a discrete item. Additionally, there was an increase in the state income tax rate which was booked to deferred income tax expense and treated as a discrete item occurring in the Prior Year Nine Months.

9. Income taxes

The Company accounts for income taxes in accordance with ASC Topic 740. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized. In determining the need for a valuation allowance, management reviews both positive and negative evidence pursuant to the requirements of ASC Topic 740, including current and historical results of operations, future income projections and the overall prospects of the Company's business.

The income tax provision (benefit) for Federal and state and local income taxes in the consolidated statements of operations consists of the following:

	Year Ended December 31,
	2013		2012
Current:
Federal	$	(110,000)	$	109,000
State and local		(33,000)		53,000
Total current		(143,000)		162,000

Deferred:
Federal		(1,173,000)		(754,000)
State and local		(86,000)		(174,000)
Total deferred		(1,259,000)		(928,000)
Total provision (benefit)	$	(1,402,000)	$	(766,000)

The reconciliation of income tax computed at the Federal and state statutory rate to the Company’s income before taxes are as follows:

	Year Ended December 31,
	2013			2012
U.S. statutory federal rate		34.0	%		34.0	%
State and local, net of federal tax		(66.4)	%		6.3	%
Gain on reduction of contingent obligation		(1,251.5)	%		(72.5)	%
Excess compensation deduction		112.5	%		-	%
Deferred tax adjustment		96.5	%		6.7	%
Other permanent differences		(2.8)	%		3.6	%
Income tax provision (benefit)		(1,077.7)	%		(21.9)	%

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

	December 31, 2013		December 31, 2012
Deferred tax assets
Federal state and local net operating loss carryforwards	$	70,000	$	-
Property and equipment		117,000		34,000
Stock-based compensation		2,738,000		1,439,000
Accrued compensation and other accrued expenses		280,000		91,000
Allowance for doubtful accounts		16,000		10,000
Royalty advances		156,000		222,000
Other		18,000		-
Total deferred tax assets	$	3,395,000	$	1,796,000

Deferred tax liabilities
Basis difference arising from discounted note payable		(339,000)		(602,000)
Basis difference arising from intangible assets of acquisition		(11,974,000)		(11,371,000)
Total deferred tax liabilities		(12,313,000)		(11,973,000)
Net deferred tax liabilities	$	(8,918,000)	$	(10,177,000)

	December 31, 2013		December 31, 2012
Net current deferred tax asset	$	49,000	$	101,000
Net non-current deferred tax liabilities		(8,967,000)		(10,278,000)
Net deferred tax liabilities	$	(8,918,000)	$	(10,177,000)

The Company has available at December 31, 2013 and December 31, 2012, approximately $207,000 and $0, respectively, of unused U.S. Federal and state and local net operating loss carryforwards that may be applied against future taxable income.

During the Current Year, the Company recorded a $5.1 million gain on the reduction of contingent obligations related to the acquisition of IM Ready. This gain is not subject to U.S. Federal income tax (See Note 5, Debt).

As of December 31, 2013 and 2012, management does not believe the Company has any material uncertain tax positions that would require it to measure and reflect the potential lack of sustainability of a position on audit in its consolidated financial statements. The Company will continue to evaluate its uncertain tax positions in future periods to determine if measurement and recognition in its consolidated financial statements is necessary. The Company does not believe there will be any material changes in its unrecognized tax positions over the next year.

Segment Information

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

10.

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:

	Nine Months Ended Sept. 30,
	2014		2013

Revenues:
Net licensing revenue	$	13,821,000	$	8,863,000
Design and service fee revenue		1,161,000		1,288,000
Design and licensing revenues		14,982,000		10,151,000
Net retail sales		381,000		162,000
Total revenues	$	15,363,000	$	10,313,000

Operating income (loss):
Design and licensing	$	1,465,000	$	1,966,000
Retail		(1,468,000)		(233,000)
Total operating income (loss)	$	(3,000)	$	1,733,000

Depreciation and amortization:
Design and licensing	$	667,000	$	653,000
Retail		89,000		10,000
Total depreciation and amortization	$	756,000	$	663,000

Capital expenditures:
Design and licensing	$	189,000	$	127,000
Retail		456,000		141,000
Total capital expenditures	$	645,000	$	268,000

	September 30, 2014		December 31, 2013
Long Lived Assets:
Trademarks and other intangibles, net
Design and licensing	$	69,692,000	$	45,308,000
Retail		-		-
Total trademarks and intangibles, net	$	69,692,000	$	45,308,000

Property and equipment
Design and licensing	$	845,000	$	939,000
Retail		604,000		214,000
Total property and equipment	$	1,449,000	$	1,153,000

10.

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 Isaac Mizrahi New York branded products through its retail store. 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:

	Year Ended December 31,
	2013		2012
Revenue:
Net licensing revenue	$	11,546,000	$	10,432,000
Design and service fee income		1,619,000		2,271,000
Design and licensing revenues		13,165,000		12,703,000
Retail sales		203,000		-
Total revenues	$	13,368,000	$	12,703,000

Operating income (loss):
Design and licensing	$	2,195,000	$	5,693,000
Retail		(339,000)		-
Total operating income	$	1,856,000	$	5,693,000

	December 31,
Long Lived Assets	2013		2012
Trademarks and other intangibles, net :
Design and licensing	$	45,308,000	$	45,835,000
Retail		-		-
Total Trademarks and other intangibles, net	$	45,308,000	$	45,835,000

Property and equipment :
Design and licensing	$	939,000	$	1,113,000
Retail		214,000		-
Total property and equipment	$	1,153,000	$	1,113,000

	December 31,
	2013		2012
Depreciation and amortization :
Design and licensing	$	873,000	$	856,000
Retail		20,000		-
Total depreciation and amortization	$	893,000	$	856,000

- 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.

+ References

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+ Details

Related Party Transactions

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

11.

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 Nine Months and Prior Year Nine Months of $63,000 and $35,000, 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 $17,000 and $14,000 in fees for the Current Nine Months and Prior Year Nine Months, 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 vested in 2013 and 12,500 will vest upon achieving the second milestone.

Mark DiSanto

On June 5, 2013 Mark X. DiSanto Investment Trust (the “DiSanto Trust”) purchased 285,715 shares of its Common Stock and Warrants to purchase an aggregate of 62,500 of the Company’s Common Stock for aggregate gross proceeds of $1,000,003 through the Offering (See Note 7, Stockholders’ Equity). Mark DiSanto, a director of the Company, is the trustee and has sole voting and dispositive power for the DiSanto Trust.

11. Related Party Transactions

Todd Slater

On September 29, 2011, the Company entered into an 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.

The Company incurred direct licensing costs with Mr. Slater from amortization of the one-time payment stated above and fees paid for the Current Year and the Prior Year of $46,000 and $31,000, 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 the Offering (See Note 6, Stockholders’ Equity). This placement fee was recorded as a reduction in paid-in capital and reflected in the stockholders’ equity section of the consolidated balance sheet. Mr. Slater is an officer and a 5% owner of Threadstone.

Licensing Agent Agreement

We are also obligated to grant 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. These Warrants expire on August 2, 2016. As of December 31, 2013, 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. On October 4, 2013 the Company issued Warrants to AD to purchase 25,000 shares of Common Stock of which 12,500 vest immediately and 12,500 vest upon achieving the second milestone. The fair value of these Warrants was estimated at $2,500 on the grant date using the Black-Scholes option pricing method, of which half has been recorded as a royalty commission expense in the Current Year and is recorded as a reduction of net licensing revenues on the consolidated statements of operations. The balance of the Warrants will be expensed evenly over the next 15 months, the period when the second milestone is estimated to occur. Additionally, AD shall be entitled to receive Warrants to purchase an additional 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 also all expire on August 2, 2016.

The Company incurred direct licensing costs with AD of $20,000 and $13,000 for the Current Year and the Prior Year, respectively.

Jones Texas, Inc.

Edward Jones, III, a principal shareholder and chief executive officer of Jones Texas, Inc. (“JT”) is a member of 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, 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 Year and the Prior Year, respectively.

Earthbound, LLC

As part of the consideration for the acquisition of the Isaac Mizrahi Business, the Company assumed a $1.5 million non-interest obligation owed to Earthbound, payable over five years commencing on September 29, 2011. Jack Dweck is a principal owner of Earthbound. The Company recorded $94,000 of interest expense in the Prior Year. The Company extinguished this debt on November 21, 2012.

IM Ready-Made, LLC

The Company and IM Ready had balances owed between the companies relating to the transition of the Isaac Mizrahi Business and certain payments assigned to the Seller by QVC under the QVC Agreement. As of December 31, 2013, the Company owed IM Ready $459,000 and as of December 31, 2012 IM Ready owed the Company $217,000. The Company did not earn any revenue or incur any expenses with IM Ready since the Closing Date.

Mark DiSanto

On June 5, 2013, Mark X. DiSanto Investment Trust (the “DiSanto Trust”) purchased 285,715 shares of its Common Stock and Warrants to purchase an aggregate of 62,500 of the Company’s Common Stock for aggregate gross proceeds of $1 million through the Offering (See Note 6, Stockholders’ Equity). Mark DiSanto, a director of the Company, is the trustee and has sole voting and dispositive power for the DiSanto Trust.

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

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

12.

Subsequent Events

Effective November 6, 2014, we amended our Certificate of Incorporation to increase the total number of authorized shares of capital stock which the Company shall have authority to issue from 26,000,000 shares, consisting of 25,000,000 shares of common stock and 1,000,000 shares of preferred stock, to 36,000,000 shares, consisting of 35,000,000 shares of common stock and 1,000,000 shares of preferred stock.

Effective November 6, 2014, we amended our 2011 Equity Incentive Plan, to (a) increase the number of shares of common stock reserved and available for distribution under the Plan from 5,000,000 to 8,000,000, (b) increase the maximum number of shares with respect to Incentive Stock Options (as defined in the Plan) which may be granted under the Plan from 2,000,000 to 5,000,000, (c) increase the maximum number of shares of common stock with respect to which Options or Restricted Stock (as both terms are defined in the Plan) may be granted to any Participant (as defined in the Plan) from 2,000,000 to 5,000,000 and (d) provide for the award of cash bonuses to Participants.

12.

Subsequent Events

Acquisition of the Judith Ripka Trademarks

On April 3, 2014, JR Licensing, LLC, a wholly owned subsidiary of Xcel (“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 certain assets, including the Judith Ripka and Judith Ripka Sterling trademarks and other intellectual property rights (the “Ripka Brand”). 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 (“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 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 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.

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.

New Loan Amendment

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

Minimum EBITDA 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;
	·	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 New Loan and the JR Loan is equal to or greater than $1 million in the aggregate (other than a result of scheduled payments), then twenty percent (20%).

Restricted Stock Grant

On January 1, 2014, the Company issued to management and a key employee an aggregate of 825,000 shares of restricted stock. The vesting date of 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.

The fair value of the restricted shares on the grant date is approximately $3.3 million, and the compensation expense will be recognized over the vesting periods without regard to extensions.

Executive Employment Amendment

Effective February 1, 2014, the Company entered into an employment agreement with Marisa Gardini (“Ms. Gardini”) superseding a three-year employment agreement with Ms. Gardini that was set to expire on September 29, 2014 (the “Previous Employment Agreement”). The term of employment and performance of services by Ms. Gardini under of this agreement may be terminated by either party upon thirty (30) day notice to the other party. Ms. Gardini’s salary was $250,000, $250,000 and $500,000 per annum, respectively, in the first three successive 12-month periods following September 29, 2011, the effective date of the Previous Employment Agreement, however effective February 1, 2014, Ms. Gardini’s base salary shall be $18,000 per annum. Ms. Gardini resigned as Executive Vice President of Strategic Planning and Marketing, but remains a director of the Company.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2013

Accounting Policies [Abstract]

Consolidation, Policy [Policy Text Block]

Principles of Consolidation

Use of Estimates, Policy [Policy Text Block]

Use of Estimates

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair Value of Financial Instruments

Fair Value Measurement, Policy [Policy Text Block]

Fair Value

Receivables, Policy [Policy Text Block]

Accounts Receivable

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

Trademarks, Goodwill and Other Intangible Assets

Deferred Finance Costs [Policy Text Block]

Deferred Finance Costs

Inventory, Policy [Policy Text Block]

Inventory

Contingent Obligation [Policy Text Block]

Contingent Obligations

Income Tax, Policy [Policy Text Block]

Income Taxes

Revenue Recognition, Policy [Policy Text Block]

Revenue Recognition

We recognize revenue from our retail store upon sale of our products to retail consumers, net of estimated returns.

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations of Credit Risk

Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]

Stock-Based Compensation

Advertising Costs, Policy [Policy Text Block]

Advertising Costs

Lease, Policy [Policy Text Block]

Operating Leases

Earnings Per Share, Policy [Policy Text Block]

Earnings per Share

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Standards

Acquisition of the Judith Ripka Trademarks (Tables)

9 Months Ended

Sep. 30, 2014

Asset Acquisition [Abstract]

Schedule of Asset Acquisition [Table Text Block]

The aggregate purchase price was allocated to the following assets based on the fair market value of the assets on the date of acquisition:

Allocated to:
Trademarks	$	24,600,000
Copyrights & other intellectual property		190,000
Total acquisition price	$	24,790,000

The following represents the aggregate purchase price of $24.8 million, including legal and other fees of $0.39 million:

Cash paid	$	11,975,000
Installment payment due October 1, 2014		1,000,000
Installment payment due April 1, 2015		1,190,000
JR Seller Notes (at fair value, see Note 6)		4,165,000
Fair value of common stock issued (571,429 shares)		2,286,000
Ripka Earn-Out obligation (at fair value, see Note 6)		3,784,000
Direct transaction expenses		390,000
Total consideration	$	24,790,000

Trademarks, Goodwill and Other Intangibles (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

Trademarks and other intangibles, net consist of the following:

	September 30,		December 31,
	2014		2013
Trademarks	$	69,100,000	$	44,500,000
Licensing agreements		2,000,000		2,000,000
Copyrights & other intellectual property		190,000		–
Accumulated amortization		(1,598,000)		(1,192,000)
Net carrying amount	$	69,692,000	$	45,308,000

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

	December 31, 2013		December 31, 2012
Trademarks	$	44,500,000	$	44,500,000
Licensing agreements		2,000,000		2,000,000
Accumulated amortization, licensing agreements		(1,192,000)		(665,000)
Net carrying amount	$	45,308,000	$	45,835,000

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following table presents amortization expense for licensing agreements over the remaining useful life:

Year Ending	Carrying Value		Amortization Expense
December 31, 2014	$	279,000	$	529,000
December 31, 2015		-	$	279,000

Debt (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Schedule of Debt [Table Text Block]

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

	September 30,		December 31,
	2014		2013
IM Term Loan	$	13,000,000	$	13,000,000
JR Term Loan		9,000,000		–
IM Seller Note		5,284,000		5,045,000
JR Seller Notes		4,318,000		–
Contingent obligation – IM Seller		5,766,000		6,681,000
Contingent obligation – JR Seller		3,784,000		–
Total		41,152,000		24,726,000
Current portion		2,500,000		565,000
Total long-term debt	$	38,652,000	$	24,161,000

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

	December 31,
	2013		2012
Term Note	$	13,000,000	$	12,579,000
Seller Note		5,045,000		6,306,000
Contingent obligation – due to seller		6,681,000		11,466,000
Other long term liabilities		57,000		45,000
Total		24,783,000		30,396,000
Current portion		565,000		1,350,000
Total long term debt	$	24,218,000	$	29,046,000

Schedule Optional Prepayment Applicable Premium Percentage [Table Text Block]

Optional Prepayment. IM Brands could have prepaid the Old Loan in whole or in part in increments of $500,000, provided that IM Brands paid the following premiums in connection with the prepayment:

Period	Applicable Premium
Prior to September 29, 2013		2	%
Prior to September 29, 2014		1	%
On or After September 29, 2014		0	%

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

Debt Instrument Principal Payments [Table Text Block]

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

					Amount
					Payable in
			Amount		Cash with		Amount
	Payment		Payable in		Restrictions		Payable in
Payment Date	Amount		Cash (i)		(ii)		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.

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)

(iii)

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		EARN- OUT
ROYALTY TARGET PERIOD	TARGET		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.

	% OF
	EARN- OUT
APPLICABLE	VALUE
PERCENTAGE	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 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	%

IM Term Loan [Member]

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

Scheduled principal payments are as follows:

	Amount of
	Principal
Date of Payment	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

JR Term Loan [Member]

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

Scheduled quarterly principal payments are as follows:

	Amount of
	Principal
Date of Payment	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

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)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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 was estimated at the dates of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility (i)	24-30	%
Expected Dividend Yield	0	%
Expected Life (Term) (ii)	2 – 3 years
Risk-Free Interest Rate	0.58% - 0.69	%

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.

The fair value for the Warrants was estimated $.12 for each warrant to purchase one share of Common Stock using the Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility (i)	22.5	%
Expected Dividend Yield	0	%
Expected Life Term (ii)	2.5
Risk-Free Interest Rate	0.39	%

(i)

Due to the Company’s limited trading activity, the Company used the average volatility of similar companies in its industry.

(ii)

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

	Year Ended December 31, 2013			Year Ended December 31, 2012
Expected Volatility (i)		21-22	%		39-40	%
Expected Dividend Yield		0	%		0	%
Expected Life (Term) (ii)		1-3 years			4-5 years
Risk-Free Interest Rate		0.21 – 0.39	%		0.70% - 0.80	%

(i)

Due to the Company’s limited trading activity, the Company used the average volatility of 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 SAB Topic 14.02 in accordance with SAB No. 110.

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

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

			Weighted Average
	Options		Exercise Price
Outstanding at January 1, 2014		343,125	$	4.55
Granted		135,000		6.57
Canceled		–		–
Exercised		(19,000)		3.58
Expired/Forfeited		(65,125)		4.55
Outstanding at September 30, 2014 and expected to vest		394,000	$	5.29
Exercisable at September 30, 2014		309,000	$	4.70

Summary of the Company’s stock options for the years ended December 31, 2013 and 2012 are as follows:

			Weighted-Average
	Options		Exercise Price
Outstanding at January 1, 2012		267,125	$	5.00
Granted		105,500		3.00
Canceled		-		-
Exercised		-		-
Expired/Forfeited		(27,625)		(3.06)
Outstanding at December 31, 2012		345,000		4.54
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		(1,875)		(3.40)
Outstanding and expected to vest at December 31, 2013		343,125	$	4.55
Exercisable at December 31, 2013		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 Nine Months 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 September 30, 2014 and expected to vest		1,469,543	$	3.05
Exercisable at September 30, 2014		1,457,043	$	3.03

A summary of the Company’s Warrants for the years ended December 31, 2013 and 2012 is as follows:

			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 December 31, 2012		1,132,043		2.47
Granted		337,500		5.00
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding at December 31, 2013		1,469,543	$	3.05
Exercisable at December 31, 2013		1,457,043	$	3.03

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 Nine Months is as follows:

			Weighted- Average
	Restricted		Grant Date Fair
	Shares		Value
Outstanding at January 1, 2014		2,026,554	$	3.59
Granted		1,457,475		5.28
Canceled		–		–
Vested		(110,000)		3.86
Expired/Forfeited		(3,625)		3.86
Outstanding at September 30, 2014		3,370,404	$	4.39

A summary of the Company’s restricted stock for the year ended December 31, 2013 and 2012 is as follows:

	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		(596,586)		3.00
Expired/Forfeited		(875)		3.34
Outstanding at December 31, 2012		964,607		3.00
Granted		1,399,750		3.86
Canceled		-		-
Vested		(336,178)		3.01
Expired/Forfeited		(1,625)		3.82
Outstanding at December 31, 2013		2,026,554	$	3.59

Schedule Of Common Stock Re purchased [Table Text Block]

The following table provides information with respect to purchases by the Company of restricted stock during the Current Year and Prior Year.

Date	Total Number of Shares Purchased (a)		Average Price Paid per Share		Number of Shares Purchased as Part of Publically Announced Plan		Fair value of re-purchased shares
November 15, 2012		218,163	$	3.00		-	$	654,000
December 1, 2012		18,870		3.00		-		56,000
Total 2012		237,033					$	710,000

November 15, 2013		153,896	$	3.86		-	$	594,000
December 1, 2013		7,272		3.86		-		28,000
Total 2013		161,168				-	$	622,000

(a)

Earnings Per Share (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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:

	Nine Months Ended
	September 30,
	2014		2013
Basic		11,526,277		8,892,303
Effect of exercise of warrants		–		4,644
Effect of exercise of stock options		–		581,840
Diluted		11,526,277		9,478,787

A reconciliation of shares used in calculating basic and diluted earnings per share follows:

	Year Ended December 31, 2013	Year Ended December 31, 2012
Basic	9,193,101	6,936,452
Effect of exercise of options and Warrants	598,392	641,109
Diluted	9,791,493	7,577,561

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [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:

		Nine Months Ended September 30,
	2014		2013
Stock options and warrants		-		949,498

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

Schedule Of Future Minimum Lease Payments For Non Capital Leases [Table Text Block]

Future minimum lease payments under the terms of these noncancelable operating lease agreements are as follows:

	Lease Payments
Year ending December 31, 2014	$	721,000
Year ending December 31, 2015		751,000
Year ending December 31, 2016		119,000
Total future noncancelable minimum lease payments	$	1,591,000

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

The future minimum payments under these contracts are:

	Employment Contract Payments
Year ending December 31, 2014	$	2,472,000
Year ending December 31, 2015		1,128,000
Year ending December 31, 2016		834,000
Total future minimum employment contract payments	$	4,434,000

Income taxes (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The income tax provision (benefit) for Federal and state and local income taxes in the consolidated statements of operations consists of the following:

	Year Ended December 31,
	2013		2012
Current:
Federal	$	(110,000)	$	109,000
State and local		(33,000)		53,000
Total current		(143,000)		162,000

Deferred:
Federal		(1,173,000)		(754,000)
State and local		(86,000)		(174,000)
Total deferred		(1,259,000)		(928,000)
Total provision (benefit)	$	(1,402,000)	$	(766,000)

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

The reconciliation of income tax computed at the Federal and state statutory rate to the Company’s income before taxes are as follows:

	Year Ended December 31,
	2013			2012
U.S. statutory federal rate		34.0	%		34.0	%
State and local, net of federal tax		(66.4)	%		6.3	%
Gain on reduction of contingent obligation		(1,251.5)	%		(72.5)	%
Excess compensation deduction		112.5	%		-	%
Deferred tax adjustment		96.5	%		6.7	%
Other permanent differences		(2.8)	%		3.6	%
Income tax provision (benefit)		(1,077.7)	%		(21.9)	%

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

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

	December 31, 2013		December 31, 2012
Deferred tax assets
Federal state and local net operating loss carryforwards	$	70,000	$	-
Property and equipment		117,000		34,000
Stock-based compensation		2,738,000		1,439,000
Accrued compensation and other accrued expenses		280,000		91,000
Allowance for doubtful accounts		16,000		10,000
Royalty advances		156,000		222,000
Other		18,000		-
Total deferred tax assets	$	3,395,000	$	1,796,000

Deferred tax liabilities
Basis difference arising from discounted note payable		(339,000)		(602,000)
Basis difference arising from intangible assets of acquisition		(11,974,000)		(11,371,000)
Total deferred tax liabilities		(12,313,000)		(11,973,000)
Net deferred tax liabilities	$	(8,918,000)	$	(10,177,000)

	December 31, 2013		December 31, 2012
Net current deferred tax asset	$	49,000	$	101,000
Net non-current deferred tax liabilities		(8,967,000)		(10,278,000)
Net deferred tax liabilities	$	(8,918,000)	$	(10,177,000)

Segment Information (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

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:

	Nine Months Ended Sept. 30,
	2014		2013

Revenues:
Net licensing revenue	$	13,821,000	$	8,863,000
Design and service fee revenue		1,161,000		1,288,000
Design and licensing revenues		14,982,000		10,151,000
Net retail sales		381,000		162,000
Total revenues	$	15,363,000	$	10,313,000

Operating income (loss):
Design and licensing	$	1,465,000	$	1,966,000
Retail		(1,468,000)		(233,000)
Total operating income (loss)	$	(3,000)	$	1,733,000

Depreciation and amortization:
Design and licensing	$	667,000	$	653,000
Retail		89,000		10,000
Total depreciation and amortization	$	756,000	$	663,000

Capital expenditures:
Design and licensing	$	189,000	$	127,000
Retail		456,000		141,000
Total capital expenditures	$	645,000	$	268,000

	September 30, 2014		December 31, 2013
Long Lived Assets:
Trademarks and other intangibles, net
Design and licensing	$	69,692,000	$	45,308,000
Retail		-		-
Total trademarks and intangibles, net	$	69,692,000	$	45,308,000

Property and equipment
Design and licensing	$	845,000	$	939,000
Retail		604,000		214,000
Total property and equipment	$	1,449,000	$	1,153,000

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

	Year Ended December 31,
	2013		2012
Revenue:
Net licensing revenue	$	11,546,000	$	10,432,000
Design and service fee income		1,619,000		2,271,000
Design and licensing revenues		13,165,000		12,703,000
Retail sales		203,000		-
Total revenues	$	13,368,000	$	12,703,000

Operating income (loss):
Design and licensing	$	2,195,000	$	5,693,000
Retail		(339,000)		-
Total operating income	$	1,856,000	$	5,693,000

	December 31,
Long Lived Assets	2013		2012
Trademarks and other intangibles, net :
Design and licensing	$	45,308,000	$	45,835,000
Retail		-		-
Total Trademarks and other intangibles, net	$	45,308,000	$	45,835,000

Property and equipment :
Design and licensing	$	939,000	$	1,113,000
Retail		214,000		-
Total property and equipment	$	1,153,000	$	1,113,000

	December 31,
	2013		2012
Depreciation and amortization :
Design and licensing	$	873,000	$	856,000
Retail		20,000		-
Total depreciation and amortization	$	893,000	$	856,000

Subsequent Events (Tables)

12 Months Ended

Dec. 31, 2013

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

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Summary Of Significant Accounting Policies [Line Items]
Accounts Receivable, Net, Current, Total	$ 5,369,000		$ 3,541,000	$ 3,428,000
Allowance for Doubtful Accounts Receivable			39,000	25,000
Accrued Fees and Other Revenue Receivable			$ 174,000	699,000
Probability Of Tax Benefit Percentage			50.00%
Inventory Write-down			$ 5,000
Gain Loss On Reduction Of Contingent Obligations	$ 600,000	$ 5,100,000	$ 5,122,000	$ 6,300,000
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Finite-Lived Intangible Asset, Useful Life			4 years
Property, Plant and Equipment, Estimated Useful Lives			3
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Finite-Lived Intangible Asset, Useful Life			5 years
Property, Plant and Equipment, Estimated Useful Lives			7

Acquisition of the Judith Ripka Trademarks (Details)	9 Months Ended
Acquisition of the Judith Ripka Trademarks (Details)	Sep. 30, 2014 USD ($)
Business Acquisition [Line Items]
Cash paid	$ 11,975,000
Installment payment due October 1, 2014	1,000,000
Installment payment due April 1, 2015	1,190,000
JR Seller Notes (at fair value, see Note 6)	4,165,000
Fair value of common stock issued (571,429 shares)	2,286,000
Ripka Earn-Out obligation (at fair value, see Note 6)	3,784,000
Direct transaction expenses	390,000
Total consideration	24,790,000
Total acquisition price	24,790,000
Copyrights & other intellectual property [Member]
Business Acquisition [Line Items]
Total acquisition price	190,000
Trademarks [Member]
Business Acquisition [Line Items]
Total acquisition price	$ 24,600,000

Acquisition of the Judith Ripka Trademarks (Details Textual) - USD ($)	1 Months Ended				9 Months Ended		12 Months Ended
	Apr. 01, 2015	Oct. 01, 2014	Apr. 03, 2014	Apr. 01, 2014	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Payments to Acquire Productive Assets					$ 12,365,000	$ 0
Proceeds from Issuance of Long-term Debt, Total					0	$ 13,000,000	$ 13,000,000	$ 0
Debt Instrument, Maturity Date, Description							(i) the fair market value of the Common Stock on the Maturity Date and (ii) $4.50 subject to certain adjustments; provided, however, that if the fair market 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. 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 market 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 market value of the Common Stock on the Subsequent 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 market value of the Common Stock at the time of the conversion, so long as the fair market value of our Common Stock is at least $4.50 .
Assets Acquisition Purchase Price Allocation					24,790,000
Business Acquisition, Transaction Costs					$ 390,000
Chief Design Officer [Member]
Business Acquisition [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
Parent Company [Member]
Business Acquisition [Line Items]
Percentage of Common Stock Issued and Outstanding			4.75%
Judith Ripka Berk [Member]
Business Acquisition [Line Items]
Payments to Acquire Productive Assets			$ 12,000,000
Stock Issued During Period, Shares, Acquisitions			571,429
Maximum Earn-Outs Payable					5,000,000
Proceeds from Issuance of Long-term Debt, Total					$ 9,000,000
Debt Instrument, Maturity Date, Description					5-year term loan
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 0.001
Judith Ripka Berk [Member] \| Scenario, Forecast [Member]
Business Acquisition [Line Items]
Payments to Acquire Productive Assets	$ 1,200,000	$ 1,000,000
Judith Ripka Berk [Member] \| Demand Notes [Member]
Business Acquisition [Line Items]
Debt Instrument, Face Amount			$ 6,000,000
Subsequent Event [Member] \| Parent Company [Member]
Business Acquisition [Line Items]
Percentage of Common Stock Issued and Outstanding			4.75%
Subsequent Event [Member] \| Judith Ripka Berk [Member]
Business Acquisition [Line Items]
Stock Issued During Period, Shares, Acquisitions							571,429
Maximum Earn-Outs Payable							$ 5,000,000
Debt Instrument, Maturity Date, Description							5-year term loan
Annual Cash Bonus Percentage							10.00%
Class of Warrant or Right, Exercise Price of Warrants or Rights							$ 0.001
Subsequent Event [Member] \| Judith Ripka Berk [Member] \| Demand Notes [Member]
Business Acquisition [Line Items]
Debt Instrument, Face Amount							$ 6,000,000

Trademarks, Goodwill and Other Intangibles (Details) - USD ($)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]
Trademarks	$ 69,100,000	$ 44,500,000	$ 44,500,000
Licensing agreements	2,000,000	2,000,000	2,000,000
Copyrights & other intellectual property	190,000	0
Accumulated amortization	(1,598,000)	(1,192,000)	(665,000)
Net carrying amount	$ 69,692,000	$ 45,308,000	$ 45,835,000

Trademarks, Goodwill and Other Intangibles (Details 1)	Dec. 31, 2013 USD ($)
Year Ending December 31, 2014 [Member]
Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Licensing Agreements, Carrying Value	$ 279,000
Amortization Expense, Next Twelve Months	529,000
Year Ending December 31, 2015 [Member]
Finite Lived Intangible Assets Future Amortization Expense [Line Items]
Licensing Agreements, Carrying Value	0
Amortization Expense, Next Twelve Months	$ 279,000

Trademarks, Goodwill and Other Intangibles (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Research and Development Assets Acquired Other than Through Business Combination [Line Items]
Amortization of Intangible Assets	$ 406,000	$ 395,000	$ 527,000	$ 527,000
Goodwill	$ 12,371,000		$ 12,371,000	$ 12,371,000

Significant Contracts (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
Significant Contracts (Details Textual) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Business Acquisition [Line Items]
Revenue from Royalty, Percentage				61.00%
Accounts Receivables, Percentage				55.00%
Royalty Agreement With QVC [Member]
Business Acquisition [Line Items]
Royalty Revenue	$ 10,654,000	$ 5,976,000	$ 8,130,000	$ 7,690,000
Revenue from Royalty, Percentage	69.00%	58.00%	61.00%
Accounts Receivable, Gross	$ 3,839,000		$ 2,060,000	1,900,000
Accounts Receivables, Percentage	72.00%		58.00%
Accrued Fees and Other Revenue Receivable			$ 152,000
Royalty Agreement With LCNY [Member]
Business Acquisition [Line Items]
Royalty Revenue			$ 1,570,000	$ 1,710,000
Revenue from Royalty, Percentage			12.00%	13.00%
Accounts Receivable, Gross			$ 610,000	$ 700,000
Accounts Receivables, Percentage			18.00%	20.00%

Debt (Details) - USD ($)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Term Loan		$ 13,000,000	$ 12,579,000
Seller Note		5,045,000	6,306,000
Contingent obligation - Seller		6,681,000	11,466,000
Other long term liabilities		57,000	45,000
Total	$ 41,152,000	24,726,000	30,396,000
Current portion	2,500,000	565,000	1,350,000
Total long-term debt	38,652,000	24,161,000	$ 29,046,000
JR Term Loan [Member]
Debt Instrument [Line Items]
Term Loan	9,000,000	0
Seller Note	4,318,000	0
Contingent obligation - Seller	3,784,000	0
IM Term Loan [Member]
Debt Instrument [Line Items]
Term Loan	13,000,000	13,000,000
Seller Note	5,284,000	5,045,000
Contingent obligation - Seller	$ 5,766,000	$ 6,681,000

Debt (Details 1)	12 Months Ended
Debt (Details 1)	Dec. 31, 2013
Prior To September 29 2013 [Member]
Debt Instrument [Line Items]
Applicable Premium	2.00%
Prior To September 29 2014 [Member]
Debt Instrument [Line Items]
Applicable Premium	1.00%
On Or After September 29 2014 [Member]
Debt Instrument [Line Items]
Applicable Premium	0.00%

Debt (Details 2) - USD ($)	9 Months Ended	12 Months Ended
Debt (Details 2) - USD ($)	Sep. 30, 2014	Dec. 31, 2013
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, 2014, January 1, 2015, April 1, 2015 and July 1, 2015 [Member] \| IM Term Loan [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, 2015, January 1, 2016, April 1, 2016 and July 1, 2016 [Member] \| IM Term Loan [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, 2016, January 1, 2017, April 1, 2017 and July 1, 2017 [Member] \| IM Term Loan [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
October 1, 2017, January 1, 2018 and April 1, 2018 [Member] \| IM Term Loan [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
July 1, 2018 [Member] \| IM Term Loan [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	3,875,000
April 1, 2018, July 1, 2018, October 1, 2018 and January 1, 2019 [Member] \| JR Term Loan [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	500,000
April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016 [Member] \| JR Term Loan [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	375,000
April 1, 2016, July 1, 2016, October 1, 2016 and January 1, 2017 [Member] \| JR Term Loan [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	625,000
April 1, 2017, July 1, 2017, October 1, 2017 and January 1, 2018 [Member] \| JR Term Loan [Member]
Debt Instrument [Line Items]
Amount Of Principal Payment	$ 750,000

Debt (Details 3) - USD ($)

Sep. 30, 2014

Dec. 31, 2013

December 24, 2013 [Member]

Debt Instrument [Line Items]

Debt Instrument, Payment Amount

$ 1,500,000

Debt Instrument, Amount Payable in Cash

^[1]

1,500,000

Debt Instrument, Amount Payable in Cash with Restrictions

^[2]

$ 0

Debt Instrument, Amount Payable in Stock

^[3]

January 31, 2015 [Member]

Debt Instrument [Line Items]

Debt Instrument, Payment Amount

$ 750,000

Debt Instrument, Amount Payable in Cash

^[1]

500,000

Debt Instrument, Amount Payable in Cash with Restrictions

^[2]

$ 250,000

Debt Instrument, Amount Payable in Stock

^[3]

250,000

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

^[2]

$ 750,000

Debt Instrument, Amount Payable in Stock

^[3]

750,000

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

^[2]

$ 0

Debt Instrument, Amount Payable in Stock

^[3]

4,377,432

[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 4) - USD ($)	9 Months Ended	12 Months Ended
Debt (Details 4) - USD ($)	Sep. 30, 2014	Dec. 31, 2013
Fourth Royalty Target Period [Member]
Debt Instrument [Line Items]
ROYALTY TARGET	$ 24,000,000	$ 24,000,000
EARN-OUT VALUE	$ 7,500,000	$ 7,500,000
ROYALTY TARGET PERIOD	Royalty Target Period (October 1, 2014 to September 30, 2015)	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%	0.00%
Applicable 76% up to 80% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	40.00%	40.00%
Applicable 80% up to 90% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	70.00%	70.00%
Applicable 90% up to 95% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	80.00%	80.00%
Applicable 95% up to 100% [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	90.00%	90.00%
Applicable 100% or Greater [Member]
Debt Instrument [Line Items]
% OF EARN-OUT VALUE EARNED	100.00%	100.00%

Debt (Details Textual)	1 Months Ended							9 Months Ended		12 Months Ended
Debt (Details Textual)	Mar. 31, 2016	Apr. 03, 2014 USD ($) $ / shares	Mar. 31, 2014 USD ($)	Dec. 24, 2013 USD ($) $ / shares	Aug. 01, 2013 USD ($)	Jun. 05, 2013 $ / shares	Sep. 29, 2011 USD ($)	Sep. 30, 2014 USD ($) $ / shares	Sep. 30, 2013 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($) $ / shares	Dec. 31, 2012 USD ($)
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate														8.50%
Proceeds from Issuance of Long-term Debt, Total								$ 0	$ 13,000,000					$ 13,000,000	$ 0
Debt Instrument, Description														Company is required to prepay the outstanding amount of the New 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.
Subordinated Borrowing, Interest Rate														6.44%
Debt Instrument, Unamortized Discount														$ 381,000
Exercise Price of Common Stock \| $ / shares						$ 5.00
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). The current term of the QVC Agreement, as amended, runs through September 30, 2020.
Interest Expense, Debt								597,000	738,000					$ 882,000	1,148,000
Liabilities, Current								8,091,000						$ 2,411,000	3,136,000
Floor Price Per Share for Conversion of Debt \| $ / shares														$ 7.00
Long-term Debt, Total								41,152,000						$ 24,726,000	30,396,000
Debt Instrument, Maturity Date, Description														(i) the fair market value of the Common Stock on the Maturity Date and (ii) $4.50 subject to certain adjustments; provided, however, that if the fair market 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. 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 market 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 market value of the Common Stock on the Subsequent 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 market value of the Common Stock at the time of the conversion, so long as the fair market value of our Common Stock is at least $4.50 .
Debt Instrument, Interest Rate, Stated Percentage														0.25%
Acceleration Of Loan Discount														$ 781,000
Other Long-term Debt														57,000	45,000
Gains (Losses) on Extinguishment of Debt								0	(1,351,000)					(1,351,000)	422,000
Debt Related Commitment Fees and Debt Issuance Costs														189,000
Restructure Of Seller Note														337,000	0
Other Notes Payable, Noncurrent														$ 5,045,000	6,306,000
Gain On Reduction Of Contingent Obligations								$ 600,000
Prepayment Fees Percentage														1.50%
Long-term Debt, Maturities, Repayment Terms														The principal amount of the Loan was payable quarterly as follows: 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
Prime Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		0.50%
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate		3.50%
Scenario, Forecast [Member]
Debt Instrument [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
Minimum Fixed Charge Ratio, Start Range	1.10										1.10	1.20
Minimum Fixed Charge Ratio, End Range	1.00										1.00	1.00	1.00
IM Term Loan [Member]
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
Minimum Liquidity Covenants								$ 3,000,000
Minimum Net Worth Required for Compliance								31,000,000
Maximum Capital Expenditures of Guarantor and its Subsidiaries								1,300,000
Debt Instrument, Maturity Date, Description					5-year term loan
Other Notes Payable, Noncurrent								5,284,000						$ 5,045,000
IM Term Loan [Member] \| Scenario, Forecast [Member]
Debt Instrument [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
JR Term Loan [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Long-term Debt, Total		$ 9,000,000
Minimum Liquidity Covenants								3,000,000
Minimum Net Worth Required for Compliance								31,000,000
Maximum Capital Expenditures of Guarantor and its Subsidiaries								1,300,000
Debt Instrument, Maturity Date, Description		5-year term loan
Other Notes Payable, Noncurrent								4,318,000						0
JR Term Loan [Member] \| Scenario, Forecast [Member]
Debt Instrument [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
IM Seller Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 7,377,000
Subordinated Borrowing, Interest Rate				6.44%			9.25%
Debt Instrument, Unamortized Discount				$ 337,000			$ 1,740,000
Unamortization of Debt Discount (Premium)								239,000	438,000
Initial Outstanding Value of Long-term Debt or Borrowing							5,637,000
Initial Prepaid Interest							$ 123,000
Exercise Price of Common Stock \| $ / shares				$ 4.50
Interest Expense, Debt								254,000	$ 469,000
Debt Instrument, Interest Rate, Stated Percentage				0.25%			0.25%
Debt Instrument, Unamortized Discount (Premium), Net								5,284,000						5,045,000
Imputed Annual Interest Rate							9.00%
JR Seller Notes [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate		7.33%
Debt Instrument, Face Amount		$ 6,000,000
Debt Instrument, Unamortized Discount		1,835,000
Initial Outstanding Value of Long-term Debt or Borrowing		$ 4,165,000
Interest Expense, Debt								153,000
Floor Price Per Share for Conversion of Debt \| $ / shares		$ 7.00
Debt Instrument, Unamortized Discount (Premium), Net								$ 4,318,000
Imputed Annual Interest Rate		7.33%
QVC Earn-Out [Member]
Debt Instrument [Line Items]
Earn Out Payments														2,800,000
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).
Ripka Earn-Out [Member]
Debt Instrument [Line Items]
Royalty Earn Out Value								$ 5,000,000
Earn Out Payments								9,600,000						6,700,000
Royalty Revenue, Total								1,000,000
Floor Price Per Share for Conversion of Debt \| $ / shares		$ 7.00
Long-term Debt, Total								$ 3,780,000
IM Brands, LLC [Member] \| IM Term Loan [Member] \| Scenario, Forecast [Member]
Debt Instrument [Line Items]
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
IM Brands, LLC [Member] \| New Loan Amendment [Member] \| Scenario, Forecast [Member]
Debt Instrument [Line Items]
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
JR Licensing, LLC [Member] \| Scenario, Forecast [Member]
Debt Instrument [Line Items]
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	$ 4,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Four											$ 5,000,000
Seller Note [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount							$ 7,377,000
Subordinated Borrowing, Interest Rate							9.25%
Debt Instrument, Unamortized Discount							$ 1,740,000
Unamortization of Debt Discount (Premium)														576,000	541,000
Initial Outstanding Value of Long-term Debt or Borrowing							5,637,000
Initial Prepaid Interest							$ 123,000
Interest Expense, Debt														617,000	579,000
Debt Instrument, Interest Rate, Stated Percentage							0.25%
Imputed Annual Interest Rate							9.00%
Restructure Of Seller Note														337,000
Other Notes Payable, Noncurrent														5,045,000	6,306,000
Seller Note [Member] \| Midmarket Capital Partners Llc [Member]
Debt Instrument [Line Items]
Long-term Debt, Total							$ 13,500,000
IM Ready Made LLC [Member]
Debt Instrument [Line Items]
Debt Instrument, Description								IM Brands shall repay an amount equal to fifty percent (50%) of Cash Flow Recapture (as defined below) until such time as principal payments received by BHI for the IM Term Loan and the JR Term Loan (as defined below) are equal to or greater than $1 million in the aggregate (other than a result of scheduled payments), thereafter IM Brands will begin to repay twenty percent (20%)
Earn Out Payments														6,700,000	11,500,000
Repayment Of Contingent Obligation			$ 315,000	$ 315,000										315,000
Other Long-term Debt														$ 500,000
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 \| $ / shares								$ 4.50						$ 4.50
Royalty Earn Out Value								$ 7,500,000						$ 7,500,000
Earn Out Payments								3,000,000						3,600,000
Liabilities, Current														300,000	300,000
Long-term Debt, Total														3,600,000	8,700,000
Additional Contingent Obligation Amount								600,000
Gain On Reduction Of Contingent Obligations														5,100,000	$ 6,300,000
QVC Inc [Member]
Debt Instrument [Line Items]
Earn Out Payments														2,800,000
Business Acquisitions, Net Royalty Income								2,500,000						2,500,000
Royalty Revenue, Total								$ 2,500,000						$ 2,500,000
Hapoalim B.M [Member]
Debt Instrument [Line Items]
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate														4.44%

Stockholders' Equity (Details)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

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

Expected Volatility

^[1]

22.50%

Expected Volatility Rate, Minimum

^[2]

21.00%

39.00%

Expected Volatility Rate, Maximum

^[2]

22.00%

40.00%

Expected Dividend Yield

0.00%

Expected Life (Term)

^[3]

2 years 6 months

Risk-Free Interest Rate

0.39%

Risk-Free Interest Rate, Minimum

0.21%

0.70%

Risk-Free Interest Rate, Maximum

0.39%

0.80%

Equity Option [Member]

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

Expected Volatility Rate, Minimum

^[4]

24.00%

Expected Volatility Rate, Maximum

^[4]

30.00%

Expected Dividend Yield

0.00%

Risk-Free Interest Rate, Minimum

0.58%

Risk-Free Interest Rate, Maximum

0.69%

Minimum [Member] | Equity Option [Member]

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

Expected Life (Term)

2 years

^[5]

1 year

^[6]

4 years

^[6]

Maximum [Member] | Equity Option [Member]

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

Expected Life (Term)

3 years

^[5]

3 years

^[6]

5 years

^[6]

[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 trading activity, the Company used the average volatility of companies in its industry.
[3]	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 No. 110.
[4]	Due to the Company’s limited trading activity, the Company used the average volatility of similar companies in its industry.
[5]	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.
[6]	Due to the Company’s limited history, the expected life of options was calculated using the ‘simplified method’ in accordance SAB Topic 14.02 in accordance with SAB No. 110.

Stockholders' Equity (Details 1) - $ / shares	9 Months Ended	12 Months Ended
Stockholders' Equity (Details 1) - $ / shares	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding at January 1, 2014	343,125	345,000	267,125
Options, Granted	135,000	0	105,500
Options, Canceled	0	0	0
Options, Exercised	(19,000)	0	0
Options, Expired/Forfeited	(65,125)	(1,875)	(27,625)
Options, Outstanding at September 30, 2014	394,000	343,125	345,000
Options, Exercisable at September 30, 2014	309,000	304,500
Weighted Average Exercise Price, Outstanding at January 1, 2014	$ 4.55	$ 4.54	$ 5.00
Weighted-Average Exercise Price, Granted	6.57	0	3.00
Weighted-Average Exercise Price Canceled	0	0	0
Weighted-Average Exercise Price, Exercised	3.58	0	0
Weighted-Average Exercise Price, Expired/Forfeited	4.55	(3.40)	(3.06)
Weighted Average Exercise Price, Outstanding at September 30, 2014	5.29	4.55	$ 4.54
Weighted-Average Exercise Price, Exercisable at September 30, 2014	$ 4.70	$ 4.75

Stockholders' Equity (Details 2) - Warrant [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants, Outstanding at January 1, 2014	1,469,543	1,132,043	1,219,543
Warrants, Granted	0	337,500	75,000
Warrants, Canceled	0	0	0
Warrants, Exercised	0	0	(162,500)
Warrants, Expired/Forfeited	0	0	0
Warrants, Outstanding at September 30, 2014	1,469,543	1,469,543	1,132,043
Warrants, Exercisable at September 30, 2014	1,457,043	1,457,043
Weighted-Average Exercise Price, Outstanding at January 1, 2014	$ 3.05	$ 2.47	$ 1.95
Weighted-Average Exercise Price, Granted	0	5.00	5.50
Weighted-Average Exercise Price, Canceled	0	0	0
Weighted-Average Exercise Price, Exercised	0	0	(0.01)
Weighted-Average Exercise Price, Expired/Forfeited	0	0	0
Weighted-Average Exercise Price, Outstanding at September 30, 2014	3.05	3.05	$ 2.47
Weighted-Average Exercise Price, Exercisable at September 30, 2014	$ 3.03	$ 3.03

Stockholders' Equity (Details 3) - Restricted Stock [Member] - $ / shares	9 Months Ended	12 Months Ended
	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares, Outstanding at January 1, 2014	2,026,554	964,607	17,125
Restricted Shares, Granted	1,457,475	1,399,750	1,544,943
Restricted Shares, Canceled	0	0	0
Restricted Shares, Vested	(110,000)	(336,178)	(596,586)
Restricted Shares, Expired/Forfeited	(3,625)	(1,625)	(875)
Restricted Shares, Outstanding at September 30, 2014	3,370,404	2,026,554	964,607
Weighted-Average Grant Date Fair Value, Outstanding at January 1, 2014	$ 3.59	$ 3.00	$ 3.34
Weighted-Average Grant Date Fair Value, Granted	5.28	3.86	3.00
Weighted-Average Grant Date Fair Value, Canceled	0	0	0
Weighted-Average Grant Date Fair Value, Vested	3.86	3.01	3.00
Weighted-Average Grant Date Fair Value, Expired/Forfeited	3.86	3.82	3.34
Weighted-Average Grant Date Fair Value, Outstanding at September 30, 2014	$ 4.39	$ 3.59	$ 3.00

Stockholders' Equity (Details 4) - Restricted Stock [Member] - USD ($)

9 Months Ended

12 Months Ended

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2012

Stock Repurchased During Period, Shares

1,250

161,168

^[1]

237,033

^[1]

Number of Shares Purchased as Part of Publically Announced Plan

Fair value of re-purchased shares

$ 622,000

$ 710,000

November 15 2012 [Member]

Stock Repurchased During Period, Shares

^[1]

218,163

Average Price Paid per Share (in dollars per share)

$ 3.00

Number of Shares Purchased as Part of Publically Announced Plan

Fair value of re-purchased shares

$ 654,000

December 1 2012 [Member]

Stock Repurchased During Period, Shares

^[1]

18,870

Average Price Paid per Share (in dollars per share)

$ 3.00

Number of Shares Purchased as Part of Publically Announced Plan

Fair value of re-purchased shares

$ 56,000

November 15 2013 [Member]

Stock Repurchased During Period, Shares

^[1]

153,896

Average Price Paid per Share (in dollars per share)

$ 3.86

Number of Shares Purchased as Part of Publically Announced Plan

Fair value of re-purchased shares

$ 594,000

December 1 2013 [Member]

Stock Repurchased During Period, Shares

^[1]

7,272

Average Price Paid per Share (in dollars per share)

$ 3.86

Number of Shares Purchased as Part of Publically Announced Plan

Fair value of re-purchased shares

$ 28,000

[1]

Stockholders' Equity (Details Textual) - USD ($)

1 Months Ended

9 Months Ended

12 Months Ended

Oct. 01, 2014

Jul. 31, 2014

Jul. 15, 2014

May 15, 2014

Apr. 30, 2014

Jan. 31, 2014

Nov. 15, 2013

Oct. 31, 2013

Jun. 05, 2013

May 01, 2013

Apr. 30, 2013

Nov. 15, 2012

Jun. 01, 2012

May 31, 2012

Apr. 17, 2012

Jan. 23, 2012

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2013

Dec. 31, 2012

Oct. 04, 2013

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

Allocated Share-based Compensation Expense

$ 4,319,000

$ 4,652,000

$ 4,810,000

$ 4,623,000

Investment Options, Exercise Price

$ 5.00

Warrant Issued To Purchase Common Stock

$ 312,500

Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period

2,500

Warrants Issued To Purchase Common Stock (in shares)

312,500

Common Stock, Shares, Issued

11,999,454

10,005,509

7,339,979

Proceeds from Issuance of Common Stock

$ 5,000,000

$ 6,000

Share-based Compensation Arrangement by Share-based Payment Award, Discount from Market Price, Offering Date

10.00%

Shares Issued, Price Per Share

$ 3.86

Common Stock, Par or Stated Value Per Share

$ 0.001

0.001

$ 0.001

Sale of Stock, Price Per Share

$ 3.499

Exercise Price Of Common Stock

$ 5.00

Term Of Warrants

5 years

Equity Option [Member]

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

Allocated Share-based Compensation Expense

$ 37,000

58,000

$ 69,000

$ 65,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 0.99

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term

3 years 7 months 6 days

4 years 7 months 10 days

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term

3 years 29 days

4 years 11 days

Expected Share Based Compensation Expenses For Next 4 Months

$ 13,000

Adam Dweck [Member]

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

Allocated Share-based Compensation Expense

$ 1,000

Warrants Issued To Purchase Common Stock Two

25,000

12,500

Warrants Exercise Price Two

$ 5.00

Investment Warrants Expiration Date

Aug. 02, 2016

Accumulated Royalties, One

$ 500,000

Accumulated Royalties, Two

1,000,000

Warrant Issued To Purchase Common Stock

$ 12,500

$ 2,500

Warrants Issued To Purchase Common Stock (in shares)

12,500

25,000

Exercise Price Of Common Stock

$ 5.00

Class Of Warrant Or Rights Expired

Aug. 02, 2016

Warrant Vested During First Milestone

12,500

Warrant Vested During Second Milestone

12,500

Management [Member]

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

Common Stock, Shares, Issued

1,428,573

Non Executive Employees [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period

35,000

50,000

Investment Options, Exercise Price

$ 7.50

$ 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

33,000

$ 33,000

$ 44,000

Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period

Warrant [Member] | Maximum [Member] | Equity Option [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

$ 0.12

Licensee Warrants [Member]

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

Discount On Licensing Revenue

$ 13,000

3,000

$ 5,000

Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period

5 years

Warrants Issued To Purchase Common Stock (in shares)

75,000

Exercise Price Of Common Stock

$ 5.50

Additional Amount Expected To Be Amortized

$ 13,000

Term Of Warrants

5 years

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

Expected Share Based Compensation Expenses For Next 21 Months

$ 100,000

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

$ 4,282,000

$ 4,562,000

$ 4,741,000

$ 4,514,000

Expected Share Based Compensation Expenses For Next 24 Months

$ 4,466,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

550,000

Stock Repurchased During Period, Shares

1,250

161,168

^[1]

237,033

^[1]

Expected Share Based Compensation Expenses For Next 18 Months

$ 826,000

Restricted Stock [Member] | November 15 2012 [Member]

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

Stock Repurchased During Period, Shares

^[1]

218,163

Restricted Stock [Member] | December 1 2012 [Member]

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

Stock Repurchased During Period, Shares

^[1]

18,870

Restricted Stock [Member] | November 15 2013 [Member]

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

Stock Repurchased During Period, Shares

^[1]

153,896

Restricted Stock [Member] | December 1 2013 [Member]

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

Stock Repurchased During Period, Shares

^[1]

7,272

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

614,033

2,095,758

Common Stock, Capital Shares Reserved for Future Issuance

2,478,152

3,909,002

Common Stock Eligible For Issuance

5,000,000

Restricted Stock Award Exercise Price Per Share

$ 3.86

$ 3.00

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

256,608

1,150,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

195,000

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

827,776

Stock Repurchased During Period, Shares

153,896

218,163

Equity Incentive Plan 2011 [Member] | Management [Member] | May 15 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

322,224

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number

37,500

Equity Incentive Plan 2011 [Member] | Management [Member] | November 15 2013 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

1,075,000

Equity Incentive Plan 2011 [Member] | Management [Member] | March 31 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

1,075,000

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] | Management [Member] | June 1 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

256,608

Equity Incentive Plan 2011 [Member] | Management [Member] | September 20, 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

1,075,000

Equity Incentive Plan 2011 [Member] | Management [Member] | May Fifteen Two Thousand Thirteen [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number

37,500

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

Percentage Of Share Based Payment Award Vested In Year One

50.00%

Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period

2 years

Restricted Stock Award Exercise Price Per Share

$ 3.00

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures

105,500

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

50,000

100,000

138,335

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period

88,863

Stock Repurchased During Period, Shares

7,272

18,870

Restricted Stock Award Exercise Price Per Share

$ 3.86

$ 3.00

Equity Incentive Plan 2011 [Member] | Non Management Directors [Member] | December 1 2013 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

138,335

Equity Incentive Plan 2011 [Member] | Non Management Directors [Member] | March 31 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 One

50.00%

Percentage Of Share Based Payment Award Vested In Year Two

50.00%

Equity Incentive Plan 2011 [Member] | Non Management Directors [Member] | June 1 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

49,472

Equity Incentive Plan 2011 [Member] | Non Management Directors [Member] | March 31 2016 [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] | Executives And Employees [Member]

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

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

557,475

Equity Incentive Plan 2011 [Member] | Executives And Employees [Member] | March 31 2016 [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] | Executives And Employees [Member] | May 31, 2015 [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] | Director [Member]

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

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures

25,000

Equity Incentive Plan 2011 [Member] | Director [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 One

50.00%

Equity Incentive Plan 2011 [Member] | Director [Member] | March 31 2016 [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] | Restricted Stock [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period

85,000

Stock Repurchased During Period, Shares

40,750

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | September 30 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period

10,000

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | March 31 2015 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

1,185,000

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Management [Member] | September 30 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

97,500

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Management [Member] | March 31 2015 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

97,500

89,500

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Management [Member] | January 1, 2015 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

550,000

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Management [Member] | September 30, 2015 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

92,000

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Management [Member] | September 30, 2016 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

91,000

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Non Executive Employees [Member]

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

Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Forfeited In Period

1,500

26,750

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Non Management Directors [Member] | September 30 2014 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

50,000

Equity Incentive Plan 2011 [Member] | Restricted Stock [Member] | Non Management Directors [Member] | March 31 2015 [Member]

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

50,000

90,000

[1]

Earnings Per Share (Details) - shares	9 Months Ended		12 Months Ended
Earnings Per Share (Details) - shares	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share Basic And Diluted [Line Items]
Basic	11,526,277	8,892,303	9,193,101	6,936,452
Effect of exercise of options and Warrants			598,392	641,109
Diluted	11,526,277	9,478,787	9,791,493	7,577,561
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	0	4,644
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	0	581,840

Earnings Per Share (Details 1) - shares	9 Months Ended
Earnings Per Share (Details 1) - shares	Sep. 30, 2014	Sep. 30, 2013
Employee Stock Option [Member] \| Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and warrants	0	949,498

Earnings Per Share (Details Textual) - shares	12 Months Ended
Earnings Per Share (Details Textual) - shares	Dec. 31, 2013	Dec. 31, 2012
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	886,050	548,550
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	265,875	345,000

Commitments and Contingencies (Details)	Dec. 31, 2013 USD ($)
Commitments And Contingencies [Line Items]
Year ending December 31, 2014	$ 721,000
Year ending December 31, 2015	751,000
Year ending December 31, 2016	119,000
Total future noncancelable minimum lease payments	$ 1,591,000

Commitments and Contingencies (Details 1)	Dec. 31, 2013 USD ($)
Commitments And Contingencies [Line Items]
Year ending December 31, 2014	$ 2,472,000
Year ending December 31, 2015	1,128,000
Year ending December 31, 2016	834,000
Total future minimum employment contract payments	$ 4,434,000

Commitments and Contingencies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Commitments And Contingencies [Line Items]
Lease Expiration Date	Mar. 31, 2016
Operating Leases, Rent Expense	$ 708,000	$ 619,000

Income taxes (Details) - USD ($)	9 Months Ended		12 Months Ended
Income taxes (Details) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Current:
Federal			$ (110,000)	$ 109,000
State and local			(33,000)	53,000
Total current			(143,000)	162,000
Deferred:
Federal			(1,173,000)	(754,000)
State and local			(86,000)	(174,000)
Total deferred	$ (1,239,000)	$ (1,515,000)	(1,259,000)	(928,000)
Total provision (benefit)	$ (584,000)	$ (1,626,000)	$ (1,402,000)	$ (766,000)

Income taxes (Details 1)	9 Months Ended		12 Months Ended
Income taxes (Details 1)	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]
U.S. statutory federal rate			34.00%	34.00%
State and local, net of federal tax			(66.40%)	6.30%
Effective Income Tax Rate Reconciliation Gain On Reduction Of Contingent Obligation			(1251.50%)	(72.50%)
Excess Compensation Deduction			112.50%	0.00%
Deferred Tax Adjustment			96.50%	6.70%
Other permanent differences			(2.80%)	3.60%
Income tax provision (benefit)	55.00%	524.00%	(1077.70%)	(21.90%)

Income taxes (Details 2) - USD ($)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
Deferred Tax Assets, Net, Classification [Abstract]
Federal state and local net operating loss carryforwards		$ 70,000	$ 0
Property and equipment		117,000	34,000
Stock-based compensation		2,738,000	1,439,000
Accrued compensation and other accrued expenses		280,000	91,000
Allowance for doubtful accounts		16,000	10,000
Royalty Advances		156,000	222,000
Other		18,000	0
Total deferred tax assets		3,395,000	1,796,000
Deferred Tax Liabilities, Net, Classification [Abstract]
Basis difference arising from discounted note payable		(339,000)	(602,000)
Basis difference arising from intangible assets of acquisition		(11,974,000)	(11,371,000)
Total deferred tax liabilities		(12,313,000)	(11,973,000)
Net deferred tax liabilities		(8,918,000)	(10,177,000)
Net current deferred tax asset		49,000	101,000
Net non-current deferred tax liabilities	$ (7,678,000)	(8,918,000)	(10,177,000)
Net deferred tax liabilities		$ (8,918,000)	$ (10,177,000)

Income Taxes (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
Income Taxes (Details Textual) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Effective Income Tax Rate Reconciliation, Percent	55.00%	524.00%	(1077.70%)	(21.90%)
Income Tax Expense (Benefit)	$ (584,000)	$ (1,626,000)	$ (1,402,000)	$ (766,000)
Gain On Reduction Of Contingent Obligations	$ 600,000
Unrecognized Tax Benefits Resulting in Net Operating Loss Carryforward1			$ 207,000	$ 0

Segment Information (Details) - USD ($)	9 Months Ended		12 Months Ended
Segment Information (Details) - USD ($)	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Revenue:
Net licensing revenue	$ 13,821,000	$ 8,863,000	$ 11,546,000	$ 10,432,000
Design and service fee revenue	1,161,000	1,288,000	1,619,000	2,271,000
Design and licensing revenues	14,982,000	10,151,000	13,165,000	12,703,000
Net retail sales	381,000	162,000	203,000	0
Total revenues	15,363,000	10,313,000	13,368,000	12,703,000
Operating income (loss):
Total operating income (loss)	(3,000)	1,733,000	1,856,000	5,693,000
Depreciation and amortization :
Total depreciation and amortization	756,000	663,000	893,000	856,000
Capital expenditures:
Total capital expenditures	645,000	268,000	412,000	117,000
Long Lived Assets
Total Trademarks and other intangibles, net	69,692,000		45,308,000	45,835,000
Total property and equipment	1,449,000		1,153,000	1,113,000
Design And Licensing [Member]
Operating income (loss):
Total operating income (loss)	1,465,000	1,966,000	2,195,000	5,693,000
Depreciation and amortization :
Total depreciation and amortization	667,000	653,000	873,000	856,000
Capital expenditures:
Total capital expenditures	189,000	127,000
Long Lived Assets
Total Trademarks and other intangibles, net	69,692,000		45,308,000	45,835,000
Total property and equipment	845,000		939,000	1,113,000
Retail [Member]
Operating income (loss):
Total operating income (loss)	(1,468,000)	(233,000)	(339,000)	0
Depreciation and amortization :
Total depreciation and amortization	89,000	10,000	20,000	0
Capital expenditures:
Total capital expenditures	456,000	$ 141,000
Long Lived Assets
Total Trademarks and other intangibles, net	0		0	0
Total property and equipment	$ 604,000		$ 214,000	$ 0

Related Party Transactions (Details Textual) - USD ($)		1 Months Ended					9 Months Ended		12 Months Ended
Related Party Transactions (Details Textual) - USD ($)	Jul. 10, 2012	Oct. 01, 2014	Oct. 31, 2013	Jun. 05, 2013	Sep. 29, 2011	Aug. 02, 2011	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012	Oct. 04, 2013
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction									$ 459,000	$ 217,000
Proceeds from Issuance of Common Stock				$ 5,000,000			$ 6,000	$ 0
Warrant Issued To Purchase Common Stock				312,500
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%				15.00%
Fees Earned Separate from Buy Out Payment							63,000	35,000	$ 46,000	31,000
Related Party Transaction, Amounts of Transaction	$ 163,000
Adam Dweck [Member]
Related Party Transaction [Line Items]
Commission Rate to Related Party	15.00%					5.00%
Fees Earned Separate from Buy Out Payment							$ 17,000	$ 14,000	$ 20,000	13,000
Warrants Exercise Price One							$ 5.00		$ 5.00
Accumulated Royalties, One							$ 500,000
Warrants Issued To Purchase Common Stock Two			25,000				12,500		12,500
Warrants Exercise Price Two			$ 5.00				$ 5.00		$ 5.00
Accumulated Royalties, Two							$ 1,000,000
Warrants Issued To Purchase Common Stock Three							25,000		25,000
Accumulated Royalties, Three							$ 2,000,000
Investment Warrants Expiration Date			Aug. 02, 2016				Aug. 02, 2016
Warrant Vested During First Milestone							12,500		12,500		12,500
Warrant Vested During Second Milestone							12,500		12,500		12,500
Warrant Issued To Purchase Common Stock							$ 12,500		$ 2,500
Class of Warrant or Right, Number of Securities Called by Warrants or Rights							25,000
Related Party Transaction Amounts Of Transaction One									500,000
Related Party Transaction Amounts Of Transaction Two									$ 1,000,000
Class Of Warrant Or Rights Expired		Aug. 02, 2016							Aug. 02, 2016
Related Party Transaction Amounts Of Transaction Three									$ 2,000,000
Jones Texas, Inc [Member]
Related Party Transaction [Line Items]
Commission Rate to Related Party									15.00%
Fees Earned Separate from Buy Out Payment									$ 0	3,000
Earthbound, Llc [Member]
Related Party Transaction [Line Items]
Due to Related Parties, Current					$ 1,500,000
Business Combination, Separately Recognized Transactions, Expenses and Losses Recognized										$ 94,000
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%
DiSanto Trust [Member]
Related Party Transaction [Line Items]
Proceeds from Issuance of Common Stock				$ 1,000,003					$ 1,000,000
Warrant Issued To Purchase Common Stock				$ 62,500
Stock Issued During Period, Shares, New Issues				285,715
Stock Issued During Period Shares Purchase Of Warrants									62,500
DiSanto Trust [member]
Related Party Transaction [Line Items]
Stock Issued During Period, Shares, New Issues									285,715

Subsequent Events (Details) - Subsequent Event [Member]	12 Months Ended
Subsequent Events (Details) - Subsequent Event [Member]	Dec. 31, 2013 USD ($)
April 1, 2015, July 1, 2015, October 1, 2015 and January 1, 2016 [Member]
Subsequent Event [Line Items]
Debt Instrument, Periodic Payment, Principal	$ 375,000
April 1, 2016, July 1, 2016, October 1, 2016 and January 1, 2017 [Member]
Subsequent Event [Line Items]
Debt Instrument, Periodic Payment, Principal	625,000
April 1, 2017, July 1, 2017, October 1, 2017 and January 1, 2018 [Member]
Subsequent Event [Line Items]
Debt Instrument, Periodic Payment, Principal	750,000
April 1, 2018, July 1, 2018, October 1, 2018 and January 1, 2019 [Member]
Subsequent Event [Line Items]
Debt Instrument, Periodic Payment, Principal	$ 500,000

Subsequent Events (Details Textual)	1 Months Ended					9 Months Ended	12 Months Ended
Subsequent Events (Details Textual)	Mar. 31, 2016	Apr. 01, 2015 USD ($)	Oct. 01, 2014 USD ($)	Apr. 30, 2014 USD ($)	Apr. 03, 2014 USD ($) $ / shares shares	Sep. 30, 2014 USD ($) shares	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($) $ / shares shares	Dec. 31, 2012 USD ($) shares	Nov. 06, 2014 shares	Apr. 01, 2014 USD ($)
Total Shares Authorized \| shares						26,000,000
Common Stock, Shares Authorized \| shares						25,000,000					25,000,000	25,000,000
Preferred Stock, Shares Authorized \| shares						1,000,000					1,000,000	1,000,000
Payments to Acquire Businesses, Gross						$ 11,975,000
Floor Price Per Share for Conversion of Debt \| $ / shares											$ 7.00
Repayments of Debt											$ 0	$ 556,000
Debt Instrument, Maturity Date, Description											(i) the fair market value of the Common Stock on the Maturity Date and (ii) $4.50 subject to certain adjustments; provided, however, that if the fair market 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. 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 market 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 market value of the Common Stock on the Subsequent 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 market value of the Common Stock at the time of the conversion, so long as the fair market value of our Common Stock is at least $4.50 .
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate					3.50%
Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					0.50%
Scenario, Forecast [Member]
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 7,500,000
Minimum Fixed Charge Ratio, Start Range	1.10							1.10	1.20
Minimum Fixed Charge Ratio, End Range	1.00							1.00	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 Three								$ 11,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Four							$ 12,000,000
Parent Company [Member]
Percentage of Common Stock Issued and Outstanding					4.75%
JR Licensing, LLC [Member] \| Scenario, Forecast [Member]
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 4,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year One										3,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Three								5,000,000	4,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Four								5,000,000
New Loan Amendment [Member] \| IM Brands, LLC [Member] \| Scenario, Forecast [Member]
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 9,000,000
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 Three								11,000,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Four							12,500,000
New Loan Amendment [Member] \| JR Licensing, LLC [Member] \| Scenario, Forecast [Member]
Repayments of Debt									$ 1,000,000
Percentage Of Prepayment Of Loan									20.00%
Judith Ripka Berk [Member]
Payments to Acquire Businesses, Gross		$ 1,200,000	$ 1,000,000
Stock Issued During Period, Shares, Acquisitions \| shares					571,429
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares					$ 0.001
Maximum Earn-Outs Payable						$ 5,000,000
Debt Instrument, Maturity Date, Description						5-year term loan
Judith Ripka Berk [Member] \| Demand Notes [Member]
Debt Instrument, Face Amount					$ 6,000,000
Equity Incentive Plan 2011 [Member]
Common Stock Eligible For Issuance \| shares						5,000,000					5,000,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Available For Grant \| shares						614,033					2,095,758
Common Stock [Member]
Common Stock, Shares Authorized \| shares						25,000,000
Stock Issued During Period, Shares, Acquisitions \| shares						571,429
Preferred Stock [Member]
Preferred Stock, Shares Authorized \| shares						1,000,000
Subsequent Event [Member]
Total Shares Authorized \| shares													36,000,000
Guaranty Of Outstanding Loan											$ 13,000,000
Minimum Net Worth Required for Compliance					31,000,000
Minimum Liquidity Covenants					$ 3,000,000
Subsequent Event [Member] \| Director [Member]
Agreed Officers Compensation											18,000
Subsequent Event [Member] \| Executive Vice President [Member] \| First Year of Employment Agreement [Member]
Officers' Compensation											250,000
Subsequent Event [Member] \| Executive Vice President [Member] \| Second Year of Employment Agreement [Member]
Officers' Compensation											250,000
Subsequent Event [Member] \| Executive Vice President [Member] \| Third Year of Employment Agreement [Member]
Officers' Compensation											500,000
Subsequent Event [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate					3.50%
Subsequent Event [Member] \| Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					0.50%
Subsequent Event [Member] \| Parent Company [Member]
Percentage of Common Stock Issued and Outstanding					4.75%
Subsequent Event [Member] \| Chief Design Officer [Member]
Base Salary														$ 750,000
Non Accountable Expenses				$ 114,000
Payments for Rent, Monthly				1,000
Subsequent Event [Member] \| New Loan Amendment [Member]
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year Two									$ 7,500,000
Minimum Earnings before Interest, Taxes, Depreciation, and Amortization, Year One										$ 5,500,000
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
Minimum Net Worth Required for Compliance					$ 31,000,000
Maximum Capital Expenditures of Guarantor and its Subsidiaries				$ 1,300,000
Subsequent Event [Member] \| Judith Ripka Berk [Member]
Payments to Acquire Businesses, Gross											$ 12,000,000
Stock Issued During Period, Shares, Acquisitions \| shares											571,429
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares											$ 0.001
Required Royalties For Payment Of Earnouts											$ 1,000,000
Maximum Earn-Outs Payable											$ 5,000,000
Debt Instrument, Maturity Date, Description											5-year term loan
Subsequent Event [Member] \| Judith Ripka Berk [Member] \| Demand Notes [Member]
Debt Instrument, Face Amount											$ 6,000,000
Debt Instrument, Term											5 years
Subsequent Event [Member] \| Restricted Stock [Member]
Sharebased Compensation Arrangement By Sharebased Payment Award Restricted Shares On Grant Date Fair Value											$ 3,300,000
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures \| shares											825,000
Non Option Equity Instruments Vesting Conditions											The vesting date of 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
Subsequent Event [Member] \| Equity Incentive Plan 2011 [Member] \| Restricted Stock [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Available For Grant \| shares													2,000,000
Subsequent Event [Member] \| Equity Incentive Plan 2011 [Member] \| Minimum [Member]
Common Stock Eligible For Issuance \| shares													5,000,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Available For Grant \| shares													2,000,000
Subsequent Event [Member] \| Equity Incentive Plan 2011 [Member] \| Minimum [Member] \| Restricted Stock [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Available For Grant \| shares													2,000,000
Subsequent Event [Member] \| Equity Incentive Plan 2011 [Member] \| Maximum [Member]
Common Stock Eligible For Issuance \| shares													8,000,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Available For Grant \| shares													5,000,000
Subsequent Event [Member] \| Equity Incentive Plan 2011 [Member] \| Maximum [Member] \| Restricted Stock [Member]
Share-Based Compensation Arrangement By Share-Based Payment Award, Number Of Shares Available For Grant \| shares													5,000,000
Subsequent Event [Member] \| Common Stock [Member]
Common Stock, Shares Authorized \| shares													35,000,000
Subsequent Event [Member] \| Preferred Stock [Member]
Preferred Stock, Shares Authorized \| shares													1,000,000