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Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2015	Nov. 10, 2015
Document Information [Line Items]
Entity Registrant Name	XCel Brands, Inc.
Entity Central Index Key	0001083220
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	XELB
Entity Common Stock, Shares Outstanding		18,440,070
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2015

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 16,204,000	$ 8,531,000
Accounts receivable, net	7,491,000	3,641,000
Prepaid expenses and other current assets	609,000	532,000
Deferred tax assets	622,000	633,000
Current assets held for disposition from discontinued retail operations	8,000	503,000
Total current assets	24,934,000	13,840,000
Property and equipment, net	578,000	833,000
Trademarks and other intangibles, net	112,604,000	97,679,000
Goodwill	12,371,000	12,371,000
Deferred finance costs, net	518,000	624,000
Restricted cash	1,112,000	0
Other assets	322,000	271,000
Long-term assets held for disposition from discontinued retail operations	0	123,000
Total non-current other assets	126,927,000	111,068,000
Total Assets	152,439,000	125,741,000
Current Liabilities:
Accounts payable and accrued expenses	2,251,000	3,339,000
Deferred revenue	719,000	256,000
Installment obligations in connection with the acquisition of the Ripka Brand	0	2,190,000
Other current liabilities	819,000	190,000
Current portion of long-term debt	12,464,000	5,650,000
Current portion of long-term debt, contingent obligations	250,000	5,766,000
Current liabilities held for disposition from discontinued retail operations	65,000	218,000
Total current liabilities	16,568,000	17,609,000
Long-Term Liabilities:
Long-term debt, less current portion	29,719,000	39,648,000
Deferred tax liabilities	7,982,000	8,082,000
Other long-term liabilities	268,000	178,000
Total long-term liabilities	37,969,000	47,908,000
Total Liabilities	54,537,000	65,517,000
Commitments and Contingencies
Stockholders' Equity:
Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding	0	0
Common stock, $.001 par value, 35,000,000 shares authorized at September 30, 2015 and December 31, 2014 and 18,440,070 and 14,011,896 issued and outstanding at September 30, 2015 and December 31, 2014, respectively	18,000	14,000
Paid-in capital	92,586,000	56,718,000
Retained earnings	5,298,000	3,492,000
Total Stockholders' equity	97,902,000	60,224,000
Total Liabilities and Stockholders' Equity	$ 152,439,000	$ 125,741,000

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	18,440,070	14,011,896
Common stock, shares outstanding	18,440,070	14,011,896

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues
Net licensing revenue	$ 7,289,000	$ 5,378,000	$ 20,082,000	$ 14,982,000
Net e-commerce sales	47,000	26,000	166,000	34,000
Total revenues	7,336,000	5,404,000	20,248,000	15,016,000
Cost of goods sold	51,000	18,000	131,000	22,000
Gross profit	7,285,000	5,386,000	20,117,000	14,994,000
Operating expenses
Salaries, benefits and employment taxes	3,463,000	2,390,000	9,639,000	6,771,000
Other design and marketing costs	669,000	411,000	1,761,000	767,000
Other selling, general and administrative expenses	961,000	475,000	2,482,000	1,856,000
Stock-based compensation	1,292,000	936,000	3,413,000	4,319,000
Depreciation and amortization	373,000	235,000	953,000	695,000
Total operating expenses	6,758,000	4,447,000	18,248,000	14,408,000
Other expenses (income)
Gain on reduction of contingent obligation	0	0	(3,000,000)	(600,000)
Loss on extinguishment of debt	0	0	1,371,000	0
Total other income, net	0	0	(1,629,000)	(600,000)
Operating income	527,000	939,000	3,498,000	1,186,000
Interest and finance expense
Interest expense - term debt	304,000	227,000	925,000	597,000
Other interest and finance charges	128,000	187,000	451,000	464,000
Total interest and finance expense	432,000	414,000	1,376,000	1,061,000
Income from continuing operations before income taxes	95,000	525,000	2,122,000	125,000
Income tax provision	51,000	242,000	35,000	68,000
Income from continuing operations	44,000	283,000	2,087,000	57,000
Loss from discontinued operations, net	(14,000)	(217,000)	(281,000)	(537,000)
Net income (loss)	$ 30,000	$ 66,000	$ 1,806,000	$ (480,000)
Basic net income (loss) per share:
Continuing operations	$ 0	$ 0.02	$ 0.14	$ 0.00
Discontinued operations, net	0	(0.01)	(0.02)	(0.04)
Net income (loss)	0	0.01	0.12	(0.04)
Diluted net income (loss) per share:
Continuing operations	0	0.02	0.13	0.00
Discontinued operations, net	0	(0.01)	(0.02)	(0.04)
Net income (loss)	$ 0	$ 0.01	$ 0.11	$ (0.04)
Basic and diluted loss per share:
Basic weighted average common shares outstanding	17,187,272	12,021,614	15,380,609	11,526,277
Diluted weighted average common shares outstanding	18,278,182	13,034,169	16,471,519	11,526,277

Condensed Consolidated Statement of Stockholders' Equity - 9 months ended Sep. 30, 2015 - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	(Accumulated Deficit) Retained Earnings [Member]
Balances at Dec. 31, 2014	$ 60,224,000	$ 14,000	$ 56,718,000	$ 3,492,000
Balances (in shares) at Dec. 31, 2014		14,011,896
Shares issued to employees in connection with restricted stock grants, net of forfeitures	0	$ 0	0	0
Shares issued to employees in connection with restricted stock grants, net of forfeitures (in shares)		587,147
Compensation expense in connection with stock options and restricted stock	3,413,000	$ 0	3,413,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes	5,400,000	$ 1,000	5,399,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes (in shares)		600,001
Proceeds from issuance of Common Stock	18,118,000	$ 2,000	18,116,000	0
Proceeds from issuance of Common Stock (in Shares)		2,013,128
Direct costs related to issuance of Common Stock	(2,011,000)	$ 0	(2,011,000)	0
Issuance of Common Stock in connection with the C Wonder Brand acquisition	$ 9,000,000	$ 1,000	8,999,000	0
Issuance of Common Stock in connection with the C Wonder Brand acquisition (in shares)	1,000,000	1,000,000
Issuance of Common Stock as payment for a portion of the QVC Earn-Out	$ 2,515,000	$ 0	2,515,000	0
Issuance of Common Stock as payment for a portion of the QVC Earn-Out (in shares)		290,473
Shares issued on exercise of stock options	65,000	$ 0	65,000	0
Shares issued on exercise of stock options (in Shares)		20,250
Shares repurchased on vesting of restricted stock	(711,000)	$ 0	(711,000)
Shares repurchased on vesting of restricted stock (in shares)		(82,825)
Tax benefit from vested stock grants and exercised options	83,000	$ 0	83,000	0
Net income for the nine months ended September 30, 2015	1,806,000	0	0	1,806,000
Balances at Sep. 30, 2015	$ 97,902,000	$ 18,000	$ 92,586,000	$ 5,298,000
Balance (in shares) at Sep. 30, 2015		18,440,070

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows provided by operating activities
Net income (loss)	$ 1,806,000	$ (480,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss from discontinued operations, net	281,000	537,000
Depreciation and amortization expense	953,000	695,000
Amortization of deferred finance costs	116,000	56,000
Stock-based compensation	3,413,000	4,319,000
Allowance for doubtful accounts	(21,000)	(2,000)
Amortization of note discount	333,000	392,000
Deferred income tax benefit	(5,000)	(1,239,000)
Tax benefit from vested stock grants and exercised options	(83,000)	0
Gain on reduction of contingent obligation	3,000,000	600,000
Loss on extinguishment of debt	1,371,000	0
Changes in operating assets and liabilities:
Accounts receivable	(3,829,000)	(1,787,000)
Prepaid expenses and other assets	(141,000)	60,000
Accounts payable and accrued expenses	(1,040,000)	1,576,000
Deferred revenue	415,000	(69,000)
Other liabilities	718,000	21,000
Net cash provided by operating activities from continuing operations	1,287,000	3,479,000
Net cash provided by (used in) operating activities from discontinued operations, net	104,000	(787,000)
Net cash provided by operating activities	1,391,000	2,692,000
Cash flows used in investing activities
Cash consideration for asset acquisition of the Ripka Brand	0	(12,365,000)
Cash consideration for asset acquisition of the H Halston Brand	(14,000)	0
Cash consideration for asset acquisition of the C Wonder Brand	(3,586,000)	0
Purchase of property and equipment	(94,000)	(411,000)
Restricted cash for security deposit	(1,112,000)	0
Net cash used in investing activities from continuing operations	(4,806,000)	(12,776,000)
Net cash used in investing activities from discontinued operations, net	0	(234,000)
Net cash used in investing activities	(4,806,000)	(13,010,000)
Cash flows provided by financing activities
Proceeds from issuance of Common Stock, net of direct costs	16,107,000	0
Proceeds from exercise of stock options	65,000	6,000
Tax benefit from vested stock grants and exercised options	83,000	(63,000)
Shares repurchased on vesting of restricted stock	(711,000)	0
Proceeds from term debt related to the Ripka Brand	0	9,000,000
Payment of contingent obligation	0	(315,000)
Payment of deferred finance costs	(10,000)	(239,000)
Payment of long-term debt	(2,256,000)	0
Payment of installment obligations related to the acquisition of the Ripka Brand	(2,190,000)	0
Net cash provided by financing activities	11,088,000	8,389,000
Net increase (decrease) in cash and cash equivalents	7,673,000	(1,929,000)
Cash and cash equivalents, beginning of period	8,531,000	7,461,000
Cash and cash equivalents, end of period	16,204,000	5,532,000
Supplemental disclosure of non-cash activities:
Issuance of common stock in connection with CW Wonder Brand acquisition	9,000,000	0
Contingent obligation related to acquisition of the C Wonder Brand	2,850,000	0
Issuance of Notes payable as partial consideration in the acquisition of the Ripka Brand (net of debt discount - see Note 5)	0	4,165,000
Issuance of common stock in connection with Ripka Brand acquisition	0	2,286,000
Contingent obligation related to acquisition of the Ripka Brand	0	3,784,000
Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes	447,000	93,000
Cash paid during the period for interest	855,000	571,000
Ripka Seller Notes [Member]
Supplemental disclosure of non-cash activities:
Issuance of common stock as payment	5,400,000	0
QVC Earn-Out [Member]
Supplemental disclosure of non-cash activities:
Issuance of common stock as payment	$ 2,515,000	$ 0

Nature of Operations, Background and Basis of Presentation

9 Months Ended

Sep. 30, 2015

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 accounting principles generally accepted in the United States (“GAAP”) for interim financial information and pursuant to the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the United States Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations or cash flows. It is the opinion of Xcel Brands, Inc., (the “Company”), however, that the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on March 31, 2015, which contains the audited consolidated financial statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, for the years ended December 31, 2014 and 2013. The financial information as of December 31, 2014 is derived from the audited consolidated financial statements presented in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The interim results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results to be expected for the year ending December 31, 2015 or for any future interim periods.

The Company is a brand development and media company engaged in the design, licensing, marketing and direct to consumer sales of branded apparel, footwear, accessories, jewelry and home goods, and the acquisition of additional high profile consumer lifestyle brands, including the Isaac Mizrahi brand (the "Isaac Mizrahi Brand"), the Judith Ripka brand (the “Ripka Brand”), the H by Halston and H Halston brands (collectively, the “H Halston Brands”), the C Wonder brand acquired on July 31, 2015 (the “C Wonder Brand”) and certain rights of the Liz Claiborne New York brand (“LCNY Brand”) through July 31, 2016. Going forward, our focus shall be on our wholly-owned brands.

The Company operates in a “working capital light” business model, wherein the Company licenses its brands to third parties, provides certain design services, and generates royalty and design and service fee revenues through licensing and other agreements with wholesale manufacturers, sourcing and design companies and retailers. This includes licensing its 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 the Company’s wholly-owned subsidiary, IM Brands, LLC (“IM Brands”) (the “Isaac Mizrahi Business”), the Ripka Brand is licensed through the Company’s wholly-owned subsidiary, JR Licensing, LLC (“JR Licensing”), the H Halston Brands are licensed through the Company’s wholly-owned subsidiary, H Licensing, LLC (“H Licensing”) and the C Wonder Brand is licensed through the Company’s wholly-owned subsidiary, C Wonder Licensing, LLC (“C Wonder Licensing”).

From June 2013 through December 2014, the Company operated its retail business through its wholly-owned subsidiary, IMNY Retail Management, LLC. In December 2014, the Company discontinued its retail stores. Accordingly, the Company’s retail operations are treated as discontinued operations and prior periods presented have been reclassified to give effect to this change (see Note 10).

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, 2014.

As a result of the Company's discontinued operations, certain reclassifications have been made to the prior period condensed consolidated financial statements to conform to the current period presentation.

Recent Accounting Pronouncements

In May 2014, the Financial Accounting Standard Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 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 to 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 was initially 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 consolidated financial statements and disclosures. In July 2015, the FASB deferred the effective date of ASU 2014-09 for one year, and proposed some modifications to the original provisions.

In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest” (“ASU 2015-03”). ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts or premiums. The recognition and measurement guidance for debt issuance costs would not be affected by the amendments of ASU 2015-03. For public business entities, ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 31, 2015, and interim periods within those fiscal years. For all other entities, ASU 2015-03 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within fiscal years beginning after December 15, 2016. Early adoption is permitted for financial statements that have not been previously issued. The adoption of ASU 2015-03 did not have an effect on the Company’s financial statements as of September 30, 2015.

Acquisition of C Wonder Assets

9 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Asset Acquisition [Text Block]

Acquisition of C Wonder Assets

On July 31, 2015 (the “C Wonder Closing Date”), the Company and C Wonder Licensing (the “Buyers”), completed the acquisition of certain assets of Burch Acquisition, LLC (the “Seller”), including the “C Wonder” trademark and other intellectual property relating thereto, pursuant to an asset purchase agreement (the “Purchase Agreement”) dated as of July 16, 2015 among the Buyers, the Seller and, solely with respect to certain non-compete and confidentiality provisions of the Purchase Agreement, J. Christopher Burch.

In accordance with the Purchase Agreement, the Buyers delivered (i) $2,500,000 in cash and 500,000 shares of common stock of the Company to the Seller (the “Closing Consideration”) and (ii) $500,000 in cash and 500,000 shares of common stock of the Company into escrow for purposes of future indemnification obligations of the Seller (the “Escrow Consideration”). In addition to the foregoing consideration, Burch LLC will be eligible to earn additional cash (or, at our discretion, shares of our common stock), payable, if at all, after June 30, 2019 based on the royalties related directly to the C Wonder Brand. The value of this additional consideration, or earn-out, will be calculated as the positive amount, if any, of (i) two times (A) the maximum net royalties from license agreements as calculated for any single 12 month period commencing on July 1 and ending on June 30 between the C Wonder closing and June 30, 2019, less (B) $4.0 million, plus (ii) two times the maximum royalty determined based on a percentage of the retail and wholesale sales of C Wonder branded products by Xcel as calculated for any single 12 month period commencing on July 1 and ending on June 30 between the C Wonder closing and June 30, 2019.

On July 15, 2015, the Company and C Wonder Licensing entered into a license agreement with QVC, Inc. dated July 31, 2015, which became effective upon the closing of the C Wonder acquisition (the “QVC License Agreement”). Pursuant to the QVC License Agreement, C Wonder designs and QVC markets, promotes, distributes and sells various products under the C Wonder Brand name in exchange for a royalty based on net retail sales of the products. The initial license period expires on December 31, 2020. After the initial term, the QVC License Agreement automatically renews for additional three-year terms in perpetuity unless either party notifies the other of its intention not to renew at least sixty (60) days prior to the end of the then-current term.

The C Wonder Brand acquisition was accounted for as an asset purchase. The aggregate purchase price has been allocated to the following assets based on the fair market value of the assets on the date of acquisition:

Allocated to:
Trademarks	$	15,436,000
Total acquisition price	$	15,436,000

Trademarks have been determined by management to have an estimated useful life of 15 years and accordingly, amortization expense of $172,000 has been recorded in the Company’s consolidated statements of operations for the quarter ended September 30, 2015 (the “Current Quarter”) and the nine months ended September 30, 2015 (“Current Nine Months”).

The following represents the aggregate purchase price of $15.4 million, including legal and other fees of $0.59 million:

Cash paid	$	3,000,000
Fair value of Common Stock issued (1,000,000 shares)		9,000,000
C Wonder Earn-Out obligation (at fair value, see Note 5)		2,850,000
Direct transaction expenses		586,000
Total consideration	$	15,436,000

Trademarks, Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2015

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,
	2015		2014
Trademarks	$	112,112,000	$	96,662,000
Licensing agreements		2,000,000		2,000,000
Non-compete agreement		562,000		562,000
Copyrights and other intellectual property		190,000		190,000
Accumulated amortization		(2,260,000)		(1,735,000)
Net carrying amount	$	112,604,000	$	97,679,000

Amortization expense for intangible assets for the Current Quarter and the quarter ended September 30, 2014 (the “Prior Year Quarter”) was $211,000 and $134,000, respectively. Amortization expense for intangible assets for the Current Nine Months and the nine months ended September 30, 2014 (the “Prior Year Nine Months”) was $525,000 and $406,000, respectively. The trademarks of the Isaac Mizrahi Brand, the Ripka Brand and the H Halston Brands have been determined to have indefinite useful lives 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.

At September 30, 2015 and December 31, 2014, the Company had $12.37 million 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 Nine Months.

- Definition

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

+ References + Details

Significant Contracts

9 Months Ended

Sep. 30, 2015

Significant Contracts [Abstract]

Significant Contracts [Text Block]

Significant Contracts

QVC Agreements

Under the Company’s agreements with QVC, QVC is required to pay the Company fees based primarily on a percentage of its net sales of Isaac Mizrahi, Ripka, H Halston and C Wonder branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Royalties from QVC totaled $5.68 million and $4.05 million for the Current Quarter and Prior Year Quarter, respectively, representing 78% and 75% of the Company’s total revenues, respectively. Royalties from QVC totaled $15.78 million and $10.65 million for the Current Nine Months and the Prior Year Nine Months, respectively, representing 79% and 71% of the Company’s total revenues, respectively. As of September 30, 2015 and December 31, 2014, the Company had receivables from QVC of $5.20 million and $2.36 million, representing 69% and 65% of the Company’s receivables, respectively. The September 30, 2015 QVC receivables include $1.47 million of earned revenue that had been accrued but not billed as of September 30, 2015. The QVC receivables at December 31, 2014 had no earned revenue that was not billed.

Debt

9 Months Ended

Sep. 30, 2015

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,
	2015		2014
IM Term Loan	$	12,000,000	$	12,750,000
JR Term Loan		8,250,000		9,000,000
H Term Loan		10,000,000		10,000,000
IM Seller Note (*)		4,839,000		5,366,000
Ripka Seller Notes		460,000		4,398,000
Contingent obligation – IM Seller		250,000		5,766,000
Contingent obligation – JR Seller		3,784,000		3,784,000
Contingent obligation – CW Seller		2,850,000		-
Total		42,433,000		51,064,000
Current portion (*)		12,714,000		11,416,000
Total long-term debt	$	29,719,000	$	39,648,000

(*) $4,089,000 of the current portion of long-term debt consists of the IM Seller Note, described below, which is payable in common stock or cash, at the Company’s option.

IM Term Loan

On August 1, 2013, IM Brands entered into a $13.0 million five year term loan with Bank of Hapoalim (“BHI”) (as 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
Year Ending December 31,	Payment
2015 (October 1 through December 31)	$	625,000
2016		2,625,000
2017		3,125,000
2018		5,625,000
Total	$	12,000,000

IM Brands is required to prepay the outstanding amount of the IM Term Loan from excess cash flow for each fiscal year commencing with the year ending December 31, 2015 in arrears in an amount equal to (i) fifty percent (50%) of the excess cash flow for such fiscal year, until such time as principal payments to BHI under the IM Term Loan and the JR Term Loan equal $1,000,000 in the aggregate, then twenty percent (20%) of the excess cash flow for such fiscal year. Excess cash flow means, 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. The Company estimates that the principal payment due from excess cash flow for the year ending December 31, 2015 is $2,000,000 and is included in the current portion of long-term debt on the September 30, 2015 condensed consolidated balance sheet.

See “Financial Covenants” below for a summary of the financial covenants required under the IM Term Loan.

JR Term Loan

On April 3, 2014, the Company entered into a $9 million five year term loan with BHI (as amended, the “JR Term Loan”). The JR Term Loan is secured by all of the assets of JR Licensing and a guarantee from the Company secured by a pledge of the Company’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 principal payments are as follows:

	Amount of
	Principal
Year Ending December 31,	Payment
2015 (October 1 through December 31)	$	375,000
2016		2,250,000
2017		2,875,000
2018		2,250,000
2019		500,000
Total	$	8,250,000

JR Licensing is required to 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 Term Loan) paid or payable during such period less (c) the portion of the holdback amount paid or payable pursuant to the asset purchase agreement dated April 1, 2014 by and between JR Licensing and Judith Ripka Berk (“Ms. Berk”) and certain companies owned by Ms. Berk (collectively “Ripka”) during such period less (d) payments made during such period by JR Licensing to the Company equal to the estimated tax liability of the Company 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. The Company currently anticipates that there will not be a principal payment due from excess cash flow for the year ending December 31, 2015.

See “Financial Covenants” below for a summary of the financial covenants required under the JR Term Loan.

H Term Loan

On December 22, 2014, H Licensing entered into a $10 million, five year term loan with BHI (“H Term Loan”). The H Term Loan is secured by (i) all of the assets of H Licensing, (ii) a guarantee by the Company, secured by a pledge of the Company’s membership interest in H Licensing, (iii) a guarantee from IM Brands, secured by a pledge of all of the assets of IM Brands, and (iv) a guarantee from JR Licensing, secured by a pledge of all of the assets of JR Licensing.

The H Term Loan bears interest at an annual rate, as elected by H Licensing, of LIBOR plus 3.50% or Prime rate plus 0.50%. Interest on the H Term Loan accruing at a rate based on LIBOR is payable on the last business day of the applicable interest period and interest on the H Term Loan accruing at a rate based on the Prime rate is payable quarterly in arrears on the first day of each calendar quarter. Scheduled principal payments of the H Loan are as follows:

	Amount of
	Principal
Year Ending December 31,	Payment
2016	$	1,500,000
2017		2,500,000
2018		3,000,000
2019		3,000,000
Total	$	10,000,000

For any fiscal year commencing with the fiscal year ending December 31, 2015, H Licensing is required to prepay the outstanding amount of the H Term Loan from excess cash flow for the prior fiscal year in an amount equal to twenty percent (20%) of such excess cash flow. Excess cash flow is defined as, 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 cash interest and principal (including the H Term Loan) paid or payable during such period less (c) all taxes paid or payable during such period less (d) payments made during such period by H Licensing to the Company equal to the estimated tax liability of the Company resulting from any taxable income (net of losses, including for prior years to the extent permitted to be deducted) of H Licensing. H Licensing also executed a guarantee of the Company’s outstanding term loans with BHI. The Company estimates that there will not be a principal payment due from excess cash flow for the year ending December 31, 2015.

See “Financial Covenants” below for a summary of the financial covenants required under the H Term Loan.

Financial Covenants - Term Loans

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, the JR Term Loan, and the H Term Loan (collectively, the “Term Loans”). In addition:

EBITDA (as defined in the respective term loan agreements) of the Company on a consolidated basis shall not be less than $7,500,000 for the year ending December 31, 2015, not less than $15,500,000 for the year ending December 31, 2016 and not less than $17,000,000 for year ending December 31, 2017 and each year end thereafter;

	Ÿ	Capital expenditures of the Company on a consolidated basis in any fiscal year shall not exceed $1,300,000, of which not more than $500,000 shall be capital expenditures for the retail division for the year ending December 31, 2015, and $500,000 for the year ending December 31, 2016 and each year end thereafter;
	Ÿ	The fixed charge ratio of the Company on a consolidated basis shall not be less than 1.20 to 1.00 at the end of each fiscal quarter for the twelve fiscal month period ending on such fiscal quarter;
	Ÿ	Net worth of the Company on a consolidated basis shall not be less than $40 million at any time;
	Ÿ	Liquid assets of the Company on a consolidated basis shall not be less than $4,500,000 at any time after August 31, 2015;
	Ÿ	EBITDA of IM Brands (as defined in the agreement) shall not be less than $9,000,000 for the year ending December 31, 2015, not less than $11,000,000 for the year ending December 31, 2016 and not less than $12,500,000 for the year ending December 31, 2017 and each year end thereafter;
	Ÿ	EBITDA of JR Licensing (as defined in the agreement) shall not be less than $4,000,000 for the year ending December 31, 2015 and not less than $5,000,000 for the year ending December 31, 2016 and each year end thereafter;
	Ÿ	H Licensing’s loss, if any (prior to the Company’s allocable expenses) for the year ending December 31, 2015 cannot exceed $500,000 and EBITDA of H Licensing (as defined in the agreement) shall not be less than $4,500,000 for the year ending December 31, 2016 and not less than $5,000,000 for the year ending December 31, 2017 and each year end thereafter; and
	Ÿ	H Licensing shall have license royalty income of at least $6,000,000 each year commencing for the year ending December 31, 2016

On June 25, 2015, the Company entered into an Amendment to Line Letter Agreements with BHI (the “Line Letter Amendment”), pursuant to which the parties amended the IM Term Loan, the JR Term Loan and the H Term Loan in order to amend the definition of “Liquid Assets” in each of the term loans to include cash on deposit with BHI to secure the reimbursement of obligations to BHI arising from the issuance of letters of credit by BHI for the benefit of the Company. Additionally, the term loans are amended to permit the Company and (a) JR Licensing (with respect to the JR Term Loan), (b) H Licensing (with respect to the H Term Loan) or (c) IM Brands (with respect to the IM Term Loan), as applicable, to incur additional indebtedness with BHI.

As of September 30, 2015, the Company was in compliance with all of the covenants under the Term Loans.

For the Current Quarter and the Prior Year Quarter, the Company incurred interest expense of $304,000 and $227,000, respectively, related to the Term Loans. For the Current Nine Months and the Prior Year Nine Months, the Company incurred interest expense of $918,000 and $598,000, respectively, related to the Term Loans.

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 in the principal amount of $7,377,000 (as amended, the “IM Seller Note”). 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% per annum. 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 to (1) revise the maturity date to September 30, 2016 (the “Amended Maturity Date”), (2) revise the date to which the maturity date may be extended to September 30, 2018. The IM Seller Note also (1) provides 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 (2) requires interim scheduled payments. The remaining scheduled principal payments (including amortization of imputed interest) are as follows:

	Payment
Payment Date	Amount
January 31, 2016 (i)	$	750,000
September 30, 2016 (ii)	$	4,377,000

(i)	Payable in cash 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.

(ii)	Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval.

For the Current Quarter and the Prior Year Quarter, the Company incurred interest expense of $79,000 and $86,000, respectively, which includes amortization of the discount on the IM Seller Note of $74,000 and $81,000, respectively. For the Current Nine Months and the Prior Year Nine Months, the Company incurred interest expense of $237,000 and $254,000, respectively, which includes amortization of the discount on the IM Seller Note of $223,000 and $239,000, respectively. The IM Seller Note balance, net of discount, at September 30, 2015 and December 31, 2014 was $4,839,000 and $5,366,000, respectively.

Ripka Seller Notes

On April 3, 2014, as part of the consideration for the purchase of the Ripka Brand, JR Licensing issued to Ripka promissory notes in the aggregate principal amount of $6,000,000 (the “Ripka Seller Notes”). The Ripka Seller Notes have a term of five years from the date of issuance, are payable in cash or shares of the Company’s 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 Seller Notes in the event the Company’s stock is trading at a price of less than $7.00 per share. On February 20, 2015, a portion of the Ripka Seller Notes was amended and satisfied.

Management determined that its expected borrowing rate is estimated to be 7.33% per annum and, therefore, discounted the Ripka 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 Ripka Seller Notes and recorded as other interest and finance expense on the Company’s condensed consolidated statements of operations.

On February 20, 2015, the Company agreed to cancel Ripka Seller Notes in the principal amount of $3.0 million and execute in its place: (i) a $2.4 million principal amount promissory note issued in the name of Ripka (the “$2,400,000 Seller Note”) and (ii) a $600,000 principal amount promissory note issued in the name of Ripka (the “$600,000 Seller Note”), each with substantially the same terms as the Ripka Seller Notes; provided, however, that the Company and Ms. Ripka agreed that, upon Ripka’s assignment of the $600,000 Seller Note to a permitted assignee, the principal payments under the $600,000 Seller Note shall accelerate to be payable in eight equal quarterly installments of $75,000 with the first payment due on March 31, 2015 and with the final principal payment payable on December 31, 2016. The $2,400,000 Seller Note was assigned by Ripka to Judith Ripka Creations, Inc. and then assigned by Judith Ripka Creations, Inc. to Thai Jewelry Manufacturer Co. LTD. (“Thai Jewelry”).

On February 20, 2015, the Company entered into a release letter (the “Release Letter”) with Thai Jewelry, pursuant to which the Company agreed to issue to Thai Jewelry an aggregate of 266,667 shares of the Company’s Common Stock in exchange for the cancellation of the $2,400,000 Seller Note. On March 25, 2015, the Company issued the shares of Common Stock pursuant to the Release Letter. The carrying value, net of the discount at the time of the redemption of the $2.4 million Ripka Seller Notes was $1.79 million and, as a result, the Company recorded a loss on the early extinguishment of debt of $0.61 million during the Current Nine Months, which is included in the accompanying condensed consolidated statements of operations.

On April 21, 2015, the Company satisfied an additional $3 million principal amount of the Ripka Seller Notes by issuing 333,334 shares of the Company’s common stock. The carrying value, net of the discount at the time of the redemption of the $3 million Ripka Seller Notes was $2.24 million and, as a result, the Company recorded a loss on the early extinguishment of debt of $0.76 million during the Current Nine Months.

For the Current Quarter and Prior Year Quarter, the Company incurred interest expense of $8,000 and $78,000, respectively, which consists solely of amortization of the discount on the Ripka Seller Notes. For the Current Nine Months and the Prior Year Nine Months, the Company incurred interest expense of $96,000 and $153,000, respectively, which consists solely of amortization of the discount on the Ripka Seller Notes. The Ripka Seller Notes balance, net of discount, at September 30, 2015 and December 31, 2014 was $460,000 and $4,398,000, respectively.

Contingent Obligations

IM Earn-Out Obligation

IM Ready was eligible to earn additional shares of Common Stock with a value of up to $7,500,000 (the “IM Earn-Out Value”) for the 12-month period ended September 30, 2015 with such earn-out payment contingent upon the Isaac Mizrahi Business achieving the net royalty income target set forth below (the “IM Earn-Out Obligation”). On December 24, 2013, the Company and IM Ready amended the terms of the IM Earn-Out Obligation and eliminated the additional consideration for the 12 months ended September 30, 2014 and the Company made a one-time cash payment of $315,000 to IM Ready in March 2014.

During the Current Nine Months, the Company recorded a $3.0 million gain on the reduction of contingent obligations in the accompanying condensed consolidated statements of operations. Prior to the Current Nine Months’ reduction, the IM Earn-Out Obligation was based on the $7.5 million Earn-Out Value multiplied by 40%, the applicable percentage. The applicable percentage was based on an estimated royalty target range. The reduction in the IM Earn-Out Obligation was based primarily on a revision of projected future net royalty income related to the Isaac Mizrahi Brand during the earn-out period ending September 30, 2015. The IM Earn-Out Obligation was reduced as a result of the timing of projected future net royalty income of the Isaac Mizrahi Business, which diminished the probability of achieving the remaining royalty target. This adjustment resulted from the Company having better visibility as to its 2015 royalties given current Isaac Mizrahi Brand product sales information. IM Ready did not meet the net royalty income target for the 12-month period ended September 30, 2015 and, accordingly, the IM Earn-Out Obligation expired and the Company did not issue additional shares of its Common Stock.

The IM Earn-Out Value was payable solely in stock. In accordance with ASC Topic 480, “Distinguishing Liabilities from Equity” (“ASC Topic 480”), the IM Earn-Out Obligation was treated as a liability in the accompanying condensed consolidated balance sheets because of the variable number of shares payable under the agreement.

The IM Earn-Out Obligation is recorded as the current portion of long-term debt in the amount of $0 and $3.0 million at September 30, 2015 and December 31, 2014, respectively, in the accompanying condensed consolidated balance sheets.

QVC Earn-Out

The Company was obligated to pay IM Ready $2.76 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 ended September 30, 2015 with the number of shares of such stock based upon the greater of (x) $4.50 per share, and (y) the average stock price for the last twenty business days prior to the time of such issuance (the “QVC Earn-Out”). The $2.5 million in net royalty income from QVC for the twelve-month period ended September 30, 2015 was met and, therefore, the Company issued IM Ready 290,473 shares of Common Stock, valued at $2.51 million as of September 30, 2015 and shall remit a $0.25 million payment in cash.

The QVC Earn-Out of $0.25 million and $2.76 million is recorded as a current liability in the accompanying condensed consolidated balance sheets as of September 30, 2015 and December 31, 2014, respectively, because of the variable number of shares payable under the agreement.

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 the 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 ending on October 1, 2016, 2017 and 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 of any license agreement. The Ripka Earn-Out of $3.78 million is recorded as long-term debt at September 30, 2015 in the accompanying condensed consolidated balance sheets based on the difference between the fair value of the acquired assets of the Ripka Brand and the total consideration paid. In accordance with ASC Topic 480, the Ripka Earn-Out obligation is treated as a liability in the accompanying condensed consolidated balance sheet because of the variable number of shares payable under the agreement.

C Wonder Earn-Out

In connection with the purchase of the C Wonder Brand, the Company agreed to pay the Seller additional consideration (the “C Wonder Earn-Out”), which would be payable, if at all, in cash or shares of common stock of the Company, at the Company’s sole discretion, after June 30, 2019, with a value based on the royalties related directly to the assets the Company acquired pursuant to the Purchase Agreement. The value of the earn-out shall be calculated as the positive amount, if any, of (i) two times (A) the maximum net royalties as calculated for any single twelve month period commencing on July 1 and ending on June 30 between the closing date and June 30, 2019 (each, a “Royalty Target Year”) less (B) $4,000,000, plus (ii) two times the maximum royalty determined based on a percentage of retail and wholesale sales of C Wonder branded products by the Company as calculated for any single Royalty Target Year. The C Wonder Earn-Out of $2.85 million is recorded as long-term debt at September 30, 2015 in the accompanying condensed consolidated balance sheets based on an independent valuation of the Earn-Out utilizing a probability weighted income approach. This approach is based on the probability of the C Wonder Brand achieving certain net royalty income targets within the earn-out periods and then calculating the present value of the weighted average payment amount. In accordance with ASC Topic 480, the C Wonder Earn-Out obligation is treated as a liability in the accompanying condensed consolidated balance sheet because of the variable number of shares payable under the agreement.

As of September 30, 2015 and December 31, 2014, total contingent obligations were $6.88 million and $9.55 million, respectively.

Lease Agreement

9 Months Ended

Sep. 30, 2015

Leases, Operating [Abstract]

Operating Leases of Lessor Disclosure [Text Block]

Lease Agreement

On July 8, 2015, the Company entered into a Sublease Agreement (the “Sublease”) with GBG USA Inc., a Delaware corporation (the “Sublandlord”), pursuant to which the Company has subleased approximately 29,566 rentable square feet of office space (the “Premises”). The term of the Sublease commences on January 1, 2016 and expires on October 30, 2027. The Company shall pay to the Sublandlord fixed rent of $117,032 per month (which fixed rent shall increase upon the 5 year anniversary of the commencement of the Sublease) for the Premises, with the first monthly installment paid upon the signing of the Sublease, together with certain amounts of additional rent.

In connection with the Sublease, the Company obtained an Irrevocable Standby Letter of Credit (the “Letter of Credit”) from BHI in favor of Sublandlord, for a sum not exceeding $1,108,725. The Company has deposited this amount with BHI as collateral for the Letter of Credit and recorded the amount as restricted cash in the September 30, 2015 unaudited condensed consolidated balance sheet.

Stockholders' Equity

9 Months Ended

Sep. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Stockholders’ Equity

Public Equity Offering

On August 5, 2015, the Company consummated an underwritten public offering of 1,800,000 shares of its common stock at a price of $9.00 per share (the “Offering”) generating gross proceeds of $16,200,000, before underwriting discounts and commissions and other offering expenses of approximately $2,011,000. In addition, the Company granted the underwriter an option to purchase up to an additional 270,000 shares of common stock. The underwriter partially exercised its option to purchase 213,128 shares of common stock, generating gross proceeds of $1,918,000. The common stock began trading on the NASDAQ Global Market under the symbol “XELB” on July 31, 2015.

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 8,000,000 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 Company’s Board of Directors or, at the Board's discretion, a committee of the Board.

The fair value of options and warrants is estimated on the date of grant using the Black-Scholes option pricing model. The valuation determined by the Black-Scholes option pricing model is affected by the Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, expected stock price volatility over the term of the awards, and actual and projected employee stock option exercise behaviors. The risk free rate is based on the U.S. Treasury rate for the expected life at the time of grant, volatility is based on the average long-term implied volatilities of peer companies, the expected life is based on the estimated average of the life of options and warrants using the simplified method, and forfeitures are estimated on the date of grant based on certain historical data. The Company utilizes the simplified method to determine the expected life of the options and warrants due to insufficient exercise activity during recent years as a basis from which to estimate future exercise patterns. The expected dividend assumption is based on the Company’s history and expectation of dividend payouts.

Forfeitures are required to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates.

Stock Options

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

The Company did not grant any stock options during the Current Nine Months.

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

					Weighted
					Average
			Weighted		Remaining
			Average		Contractual		Aggregate
	Number of		Exercise		Life		Intrinsic
	Options		Price		(in Years)		Value
Outstanding at January 1, 2015		404,000	$	6.67		2.89	$	1,472,000
Granted		-		-				-
Canceled		-		-				-
Exercised		(20,250)		(3.57)				-
Expired/Forfeited		(1,250)		(3.40)				-
Outstanding and expected to vest at September 30, 2015		382,500	$	5.46		2.25	$	1,198,000
Exercisable at September 30, 2015		330,000	$	5.12		1.70	$	1,145,000

Compensation expense related to stock options for the Current Quarter and the Prior Year Quarter was $17,000 and $15,000, respectively. Compensation expense related to stock option grants for the Current Nine Months and the Prior Year Nine Months was $50,000 and $37,000, respectively. Total unrecognized compensation expense related to unvested stock options at September 30, 2015 amounts to $50,000 and is expected to be recognized over a weighted average period of 0.51 years.

The following table summarizes the Company’s stock option activity for non-vested options for the Current Nine Months:

			Weighted
			Average
	Number of		Grant Date
	Options		Fair Value
Balance at January 1, 2015		95,000	$	1.43
Granted		-		-
Vested		(42,500)		1.42
Forfeited or Canceled		-		-
Balance at September 30, 2015		52,500	$	1.44

Warrants

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

As of September 30, 2015 and December 31, 2014, there were 2,219,543 warrants outstanding and exercisable, with a weighted average exercise price of $6.07 per share. The weighted average remaining contractual life of the warrants outstanding and exercisable at September 30, 2015 and December 31, 2014 was 3.48 and 4.23 years, respectively, and the aggregate intrinsic value was $5,587,000 and $6,497,000, respectively.

The Company did not grant any warrants to purchase shares of Common Stock during the Current Nine Months.

No compensation expense was recorded in the Current Nine Months or Prior Year Nine Months related to warrants.

Restricted Stock

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

			Weighted
	Number of		Average
	Restricted		Grant Date
	Shares		Fair Value
Outstanding at January 1, 2015		3,208,410	$	4.46
Granted		595,334		9.00
Canceled		-		-
Vested		(262,405)		8.06
Expired/Forfeited		(8,187)		6.85
Outstanding at September 30, 2015		3,533,152	$	4.95

On January 1, 2015, the Company issued to a non-executive employee 25,000 shares of restricted stock. The shares of restricted stock vest evenly over two years, whereby 50% shall vest on January 1, 2016 and 50% shall vest on January 1, 2017. Notwithstanding the foregoing, the grantee may extend the first anniversary of all or a portion of the restricted stock by six months and, thereafter one or more times may further extend such date with respect to all or a portion of the restricted stock until the next following July 1st or January 1st, 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 stock prior to such date.

On January 6, 2015, the Company issued non-executive employees 18,167 shares of fully vested common stock.

On April 1, 2015, the Company issued to each non-management director 10,000 shares of restricted stock. The shares of restricted stock will vest evenly over two years, whereby 50% shall vest on March 31, 2016 and 50% shall vest on March 31, 2017. Notwithstanding the foregoing, each grantee may extend the first anniversary of all or a portion of the restricted stock by six months and, thereafter one or more times may further extend such date with respect to all or a portion of the restricted stock 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 stock prior to such date.

On May 19, 2015, the Company issued certain executive officers and employees 417,500 shares of restricted stock. The shares of restricted stock vest evenly over two years, whereby 50% vest on April 30, 2016 and 50% vest on April 30, 2017. Notwithstanding the foregoing, each grantee may extend the first anniversary of all or a portion of the restricted stock by six months and, thereafter one or more times may further extend such date with respect to all or a portion of the restricted stock until the next following April 30th or October 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 stock prior to such date.

On June 3, 2015, the Company issued a non-management director 75,000 shares of restricted stock. The shares of restricted stock will vest evenly over three years, whereby 33.33% shall vest on each of May 31, 2016, 2017 and 2018, respectively. Notwithstanding the foregoing, the grantee may extend the first anniversary of all or a portion of the restricted stock by six months and, thereafter one or more times may further extend such date with respect to all or a portion of the restricted stock until the next following November 30th or May 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 stock prior to such date.

On July 1, 2015, the Company issued employees 9,667 shares of restricted stock. The shares of restricted stock vest evenly over two years, whereby 50% vest on April 30, 2016 and 50% vest on April 30, 2017. Notwithstanding the foregoing, each grantee may extend the first anniversary of all or a portion of the restricted stock by six months and, thereafter one or more times may further extend such date with respect to all or a portion of the restricted stock until the next following April 30th or October 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 stock prior to such date.

Compensation expense related to restricted stock grants for the Current Quarter and Prior Year Quarter was $1,275,000 and $921,000, respectively. Compensation expense related to restricted stock grants for the Current Nine Months and Prior Year Nine Months was $3,363,000 and $4,282,000, respectively. Total unrecognized compensation expense related to unvested restricted stock grants at September 30, 2015 amounts to $5,743,000 and is expected to be recognized over a weighted average period of 1.43 years.

Shares Available Under the Company’s 2011 Equity Incentive Plan

At September 30, 2015, there were 3,188,936 shares of Common Stock available for issuance under the Plan.

Shares Reserved for Issuance

At September 30, 2015, there were 5,790,979 shares of Common Stock reserved for issuance pursuant to unexercised warrants and stock options, or available 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))
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-Name Accounting Standards Codification
-Glossary Preferred Stock
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

+ Details

Earnings Per Share

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Earnings Per Share

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

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Basic		17,187,272		12,021,614		15,380,609		11,526,277
Effect of exercise of warrants		962,292		897,509		962,292		-
Effect of exercise of stock options		128,618		115,046		128,618		-
Diluted		18,278,182		13,034,169		16,471,519		11,526,277

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Stock options and warrants		750,000		-		750,000		-

Income Tax

9 Months Ended

Sep. 30, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Income Tax

The effective income tax rate for the Current Quarter and the Prior Year Quarter from continuing operations was approximately 54% and 46%, respectively, resulting in a $0.05 million and $0.24 million income tax expense, respectively. The effective income tax rate for the Current Nine Months and the Prior Year Nine Months was approximately 2% and 54%, respectively, resulting in a $0.04 million and $0.07 million income tax expense, respectively. During the Current Nine Months and the Prior Year Nine Months, the Company recorded a $3.0 million and a $0.6 million gain on the reduction of contingent obligations related to the acquisition of the Isaac Mizrahi Brand, respectively. This gain was not subject to tax and was treated as a discrete item occurring in the Current Nine Months and the Prior Year Nine Months.

Discontinued Operations

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

10.

Discontinued Operations

Discontinued operations represents the net sales and expenses related to the Company’s retail operations. The Company will continue to operate e-commerce, which was previously reported as a component of retail operations, as a component of its licensing business.

A summary of the Company’s results of discontinued operations of its retail business for the Current Quarter and Current Nine Months, as well as the Prior Year Quarter and Prior Year Nine Months and the Company’s assets and liabilities from discontinued operations of its retail business as of September 30, 2015 and December 31, 2014 are as follows:

Results of discontinued operations:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Net sales	$	-	$	209,000	$	287,000	$	347,000
Cost of sales		-		(224,000)		(221,000)		(332,000)
Operating expenses		(1,000)		(580,000)		(267,000)		(1,143,000)
Depreciation expense		-		(30,000)		-		(61,000)
Loss from disposal of discontinued operations		(32,000)		-		(273,000)		-
Income tax benefit		19,000		408,000		193,000		652,000
Loss from discontinued operations, net	$	(14,000)	$	(217,000)	$	(281,000)	$	(537,000)

Loss per share from discontinued operations, net:
Basic	$	0.00	$	(0.02)	$	(0.02)	$	(0.05)
Diluted	$	0.00	$	(0.02)	$	(0.02)	$	(0.05)

Weighted average shares outstanding:
Basic		17,187,272		12,021,614		15,380,609		11,526,277
Diluted		18,278,182		13,034,169		16,471,519		11,526,277

Assets and liabilities of discontinued operations:

	September 30,		December 31,
	2015		2014
Inventory	$	-	$	214,000
Prepaid expenses and other current assets		8,000		63,000
Deferred tax asset		-		226,000
Total current assets	$	8,000	$	503,000

Property and equipment, net	$	-	$	112,000
Other long-term assets		-		11,000
Total long-term assets	$	-	$	123,000

Accounts payable and accrued expenses	$	65,000	$	157,000
Other current liabilities		-		61,000
Total current liabilities	$	65,000	$	218,000

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
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-Section 45
-Paragraph 11
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-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

+ Details

Related Party Transactions

9 Months Ended

Sep. 30, 2015

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 to 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 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 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 from amortization of the one-time payment stated above for the Current Quarter and the Prior Year Quarter of $16,000 and $21,000, respectively. Direct licensing costs for the Current Nine Months and the Prior Year Nine Months amounted to $32,000 and $63,000, respectively.

Licensing Agent Agreement

On August 2, 2011, the Company entered into a licensing agent agreement with Adam Dweck (“AD”), son of Jack Dweck, a former director of the Company, pursuant to which he is entitled to a five percent commission on any royalties the Company receives under any new license agreements that he procures for the Company for the initial term of such license agreements. AD earned $0 and $5,000 in fees for the Current Quarter and Prior Year Quarter, respectively, and earned $11,000 and $17,000 in fees for the Current Nine Months and Prior Year Nine Months, respectively.

Jones Texas, Inc.

On May 14, 2015, and amended on June 24, 2015, the Company entered into a consulting agreement with Jones Texas, Inc., ("JT Inc.") whose controlling shareholder is Edward Jones, a Director of the Company. The agreement provides for fees payable to JT Inc. up to $75,000. Fees paid to JT Inc. amounted to $62,500 and $75,000 during the Current Quarter and Current Nine Months, respectively. Consulting services were related to due diligence on the C Wonder brand prior to the acquisition.

Marisa Gardini

In accordance with the terms and conditions of the C Wonder Purchase Agreement, the Company paid Marisa Gardini a former Director of the Company, a $240,000 fee as a commission for the acquisition of the C Wonder Brand. The amount of the payment was considered a direct acquisition cost of the C Wonder Brand and accordingly has been included as a component of the purchase price.

- 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

Nature of Operations, Background and Basis of Presentation (Policies)

9 Months Ended

Sep. 30, 2015

Accounting Policies [Abstract]

New Accounting Pronouncements, Policy [Policy Text Block]

Recent Accounting Pronouncements

Acquisition of C Wonder Assets (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Allocated to:
Trademarks	$	15,436,000
Total acquisition price	$	15,436,000

Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]

The following represents the aggregate purchase price of $15.4 million, including legal and other fees of $0.59 million:

Cash paid	$	3,000,000
Fair value of Common Stock issued (1,000,000 shares)		9,000,000
C Wonder Earn-Out obligation (at fair value, see Note 5)		2,850,000
Direct transaction expenses		586,000
Total consideration	$	15,436,000

Trademarks, Goodwill and Other Intangibles (Tables)

9 Months Ended

Sep. 30, 2015

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,
	2015		2014
Trademarks	$	112,112,000	$	96,662,000
Licensing agreements		2,000,000		2,000,000
Non-compete agreement		562,000		562,000
Copyrights and other intellectual property		190,000		190,000
Accumulated amortization		(2,260,000)		(1,735,000)
Net carrying amount	$	112,604,000	$	97,679,000

Debt (Tables)

9 Months Ended

Sep. 30, 2015

Schedule of Debt [Table Text Block]

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

	September 30,		December 31,
	2015		2014
IM Term Loan	$	12,000,000	$	12,750,000
JR Term Loan		8,250,000		9,000,000
H Term Loan		10,000,000		10,000,000
IM Seller Note (*)		4,839,000		5,366,000
Ripka Seller Notes		460,000		4,398,000
Contingent obligation – IM Seller		250,000		5,766,000
Contingent obligation – JR Seller		3,784,000		3,784,000
Contingent obligation – CW Seller		2,850,000		-
Total		42,433,000		51,064,000
Current portion (*)		12,714,000		11,416,000
Total long-term debt	$	29,719,000	$	39,648,000

(*) $4,089,000 of the current portion of long-term debt consists of the IM Seller Note, described below, which is payable in common stock or cash, at the Company’s option.

Debt Instrument Principal Payments [Table Text Block]

The remaining scheduled principal payments (including amortization of imputed interest) are as follows:

	Payment
Payment Date	Amount
January 31, 2016 (i)	$	750,000
September 30, 2016 (ii)	$	4,377,000

(i)	Payable in cash 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.

(ii)	Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval.

IM Term Loan [Member]

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

Scheduled principal payments are as follows:

	Amount of
	Principal
Year Ending December 31,	Payment
2015 (October 1 through December 31)	$	625,000
2016		2,625,000
2017		3,125,000
2018		5,625,000
Total	$	12,000,000

JR Term Loan [Member]

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

Scheduled principal payments are as follows:

	Amount of
	Principal
Year Ending December 31,	Payment
2015 (October 1 through December 31)	$	375,000
2016		2,250,000
2017		2,875,000
2018		2,250,000
2019		500,000
Total	$	8,250,000

H Term Loan [Member]

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

Scheduled principal payments of the H Loan are as follows:

	Amount of
	Principal
Year Ending December 31,	Payment
2016	$	1,500,000
2017		2,500,000
2018		3,000,000
2019		3,000,000
Total	$	10,000,000

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2015

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

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
			Weighted		Remaining
			Average		Contractual		Aggregate
	Number of		Exercise		Life		Intrinsic
	Options		Price		(in Years)		Value
Outstanding at January 1, 2015		404,000	$	6.67		2.89	$	1,472,000
Granted		-		-				-
Canceled		-		-				-
Exercised		(20,250)		(3.57)				-
Expired/Forfeited		(1,250)		(3.40)				-
Outstanding and expected to vest at September 30, 2015		382,500	$	5.46		2.25	$	1,198,000
Exercisable at September 30, 2015		330,000	$	5.12		1.70	$	1,145,000

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
	Number of		Average
	Restricted		Grant Date
	Shares		Fair Value
Outstanding at January 1, 2015		3,208,410	$	4.46
Granted		595,334		9.00
Canceled		-		-
Vested		(262,405)		8.06
Expired/Forfeited		(8,187)		6.85
Outstanding at September 30, 2015		3,533,152	$	4.95

Employee Stock Option [Member]

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

Share-based Compensation, Performance Shares Award Unvested Activity [Table Text Block]

The following table summarizes the Company’s stock option activity for non-vested options for the Current Nine Months:

			Weighted
			Average
	Number of		Grant Date
	Options		Fair Value
Balance at January 1, 2015		95,000	$	1.43
Granted		-		-
Vested		(42,500)		1.42
Forfeited or Canceled		-		-
Balance at September 30, 2015		52,500	$	1.44

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2015

Earnings Per Share [Abstract]

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

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Basic		17,187,272		12,021,614		15,380,609		11,526,277
Effect of exercise of warrants		962,292		897,509		962,292		-
Effect of exercise of stock options		128,618		115,046		128,618		-
Diluted		18,278,182		13,034,169		16,471,519		11,526,277

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:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014
Stock options and warrants		750,000		-		750,000		-

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

Results of discontinued operations:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2015		2014		2015		2014
Net sales	$	-	$	209,000	$	287,000	$	347,000
Cost of sales		-		(224,000)		(221,000)		(332,000)
Operating expenses		(1,000)		(580,000)		(267,000)		(1,143,000)
Depreciation expense		-		(30,000)		-		(61,000)
Loss from disposal of discontinued operations		(32,000)		-		(273,000)		-
Income tax benefit		19,000		408,000		193,000		652,000
Loss from discontinued operations, net	$	(14,000)	$	(217,000)	$	(281,000)	$	(537,000)

Loss per share from discontinued operations, net:
Basic	$	0.00	$	(0.02)	$	(0.02)	$	(0.05)
Diluted	$	0.00	$	(0.02)	$	(0.02)	$	(0.05)

Weighted average shares outstanding:
Basic		17,187,272		12,021,614		15,380,609		11,526,277
Diluted		18,278,182		13,034,169		16,471,519		11,526,277

Assets and liabilities of discontinued operations:

	September 30,		December 31,
	2015		2014
Inventory	$	-	$	214,000
Prepaid expenses and other current assets		8,000		63,000
Deferred tax asset		-		226,000
Total current assets	$	8,000	$	503,000

Property and equipment, net	$	-	$	112,000
Other long-term assets		-		11,000
Total long-term assets	$	-	$	123,000

Accounts payable and accrued expenses	$	65,000	$	157,000
Other current liabilities		-		61,000
Total current liabilities	$	65,000	$	218,000

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
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+ Details

Acquisition of C Wonder Assets (Details)	9 Months Ended
Acquisition of C Wonder Assets (Details)	Sep. 30, 2015 USD ($)
Business Acquisition [Line Items]
Total acquisition price	$ 15,436,000
Trademarks [Member]
Business Acquisition [Line Items]
Total acquisition price	$ 15,436,000

Acquisition of C Wonder Assets (Details 1)	9 Months Ended
Acquisition of C Wonder Assets (Details 1)	Sep. 30, 2015 USD ($)
Business Acquisition, Contingent Consideration [Line Items]
Cash paid	$ 3,000,000
Fair value of Common Stock issued (1,000,000 shares)	9,000,000
C Wonder Earn-Out obligation (at fair value, see Note 5)	2,850,000
Direct transaction expenses	586,000
Total consideration	$ 15,436,000

Acquisition of C Wonder Assets (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Sale of Stock, Consideration Received on Transaction	$ 4,000,000
Finite-Lived Intangible Assets, Accumulated Amortization	2,260,000	$ 1,735,000
Business Combination, Consideration Transferred, Total	15,436,000
Business Combination, Acquisition Related Costs	$ (586,000)
Stock Issued During Period, Shares, Acquisitions	1,000,000
Trademarks [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Finite-Lived Intangible Assets, Accumulated Amortization	$ 172,000
Business Combination, Consideration Transferred, Total	$ 15,436,000
Closing Consideration [Member]
Stock Issued During Period, Shares, Acquisitions	500,000
Payments to Acquire Businesses, Gross	$ 2,500,000
Escrow Consideration [Member]
Stock Issued During Period, Shares, Acquisitions	500,000
Payments to Acquire Businesses, Gross	$ 500,000

Trademarks, Goodwill and Other Intangibles (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Trademarks	$ 112,112,000	$ 96,662,000
Licensing agreements	2,000,000	2,000,000
Non-compete agreement	562,000	562,000
Copyrights and other intellectual property	190,000	190,000
Accumulated amortization	(2,260,000)	(1,735,000)
Net carrying amount	$ 112,604,000	$ 97,679,000

Trademarks, Goodwill and Other Intangibles (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Research and Development Assets Acquired Other than Through Business Combination [Line Items]
Amortization of Intangible Assets	$ 211,000	$ 134,000	$ 525,000	$ 406,000
Goodwill	$ 12,371,000		$ 12,371,000		$ 12,371,000

Significant Contracts (Details Textual) - Royalty Agreement With QVC [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Royalty Revenue	$ 5,680	$ 4,050	$ 15,780	$ 10,650
Revenue from Royalty, Percentage	78.00%	75.00%	79.00%	71.00%
Accounts Receivable, Gross	$ 5,200		$ 5,200		$ 2,360
Accounts Receivables, Percentage	69.00%		69.00%		65.00%
Accrued Fees and Other Revenue Receivable	$ 1,470		$ 1,470

Debt (Details) - USD ($)

Sep. 30, 2015

Dec. 31, 2014

Debt (Details 1) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total	$ 42,433,000	$ 51,064,000
IM Term Loan [Member]
Debt Instrument [Line Items]
2015 (October 1 through December 31)	625,000
2016	2,625,000
2017	3,125,000
2018	5,625,000
Total	12,000,000
JR Term Loan [Member]
Debt Instrument [Line Items]
2015 (October 1 through December 31)	375,000
2016	2,250,000
2017	2,875,000
2018	2,250,000
2019	500,000
Total	8,250,000
H Term Loan [Member]
Debt Instrument [Line Items]
2016	1,500,000
2017	2,500,000
2018	3,000,000
2019	3,000,000
Total	$ 10,000,000

Lease Agreement (Details Textual) - GBG USA Inc [Member]	Jul. 08, 2015 USD ($) ft²
Net Rentable Area \| ft²	29,566
Operating Leases, Rent Expense, Net, Total	$ 117,032
Description of Lessee Leasing Arrangements, Operating Leases	fixed rent shall increase upon the 5 year anniversary of the commencement of the Sublease
Lease Expiration Date	Oct. 30, 2027
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,108,725

Stockholders' Equity (Details) - USD ($)	9 Months Ended	12 Months Ended
Stockholders' Equity (Details) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding, Beginning Balance	404,000
Options, Granted	0
Options, Canceled	0
Options, Exercised	(20,250)
Options, Expired/Forfeited	(1,250)
Options, Outstanding, Ending Balance	382,500	404,000
Options, Exercisable at September 30, 2015	330,000
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 6.67
Weighted-Average Exercise Price, Granted	0
Weighted-Average Exercise Price Canceled	0
Weighted-Average Exercise Price, Exercised	(3.57)
Weighted-Average Exercise Price, Expired/Forfeited	(3.40)
Weighted Average Exercise Price, Outstanding, Ending Balance	5.46	$ 6.67
Weighted-Average Exercise Price, Exercisable at September 30, 2015	$ 5.12
Weighted Average Remaining Contractual Life (in years)	2 years 3 months	2 years 10 months 20 days
Exercisable Weighted Average Remaining Contractual Life (in years)	1 year 8 months 12 days
Aggregate Intrinsic Value ,Beginning Balance	$ 1,472,000
Aggregate Intrinsic Value, Ending Balance	1,198,000	$ 1,472,000
Exercisable, Aggregate Intrinsic Value	$ 1,145,000

Stockholders' Equity (Details 1)	9 Months Ended
Stockholders' Equity (Details 1)	Sep. 30, 2015 $ / shares shares
Number of Options
Options, Granted	0
Employee Stock Option [Member]
Number of Options
Balance at January 1, 2015	95,000
Options, Granted	0
Options, Vested	(42,500)
Options, Forfeited or Canceled	0
Balance at September 30, 2015	52,500
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Balance at January 1, 2015 \| $ / shares	$ 1.43
Weighted Average Grant Date Fair Value, Granted \| $ / shares	0
Weighted Average Grant Date Fair Value, Vested \| $ / shares	1.42
Weighted Average Grant Date Fair Value, Forfeited or Canceled \| $ / shares	0
Weighted Average Grant Date Fair Value, Balance at September 30, 2015 \| $ / shares	$ 1.44

Stockholders' Equity (Details 2) - Restricted Stock [Member]	9 Months Ended
	Sep. 30, 2015 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares, Outstanding, Beginning Balance \| shares	3,208,410
Restricted Shares, Granted \| shares	595,334
Restricted Shares, Canceled \| shares	0
Restricted Shares, Vested \| shares	(262,405)
Restricted Shares, Expired/Forfeited \| shares	(8,187)
Restricted Shares, Outstanding, Ending Balance \| shares	3,533,152
Weighted-Average Exercise Price, Outstanding, Beginning Balance \| $ / shares	$ 4.46
Weighted-Average Grant Date Fair Value, Granted \| $ / shares	9.00
Weighted-Average Grant Date Fair Value, Canceled \| $ / shares	0
Weighted-Average Grant Date Fair Value, Vested \| $ / shares	8.06
Weighted-Average Grant Date Fair Value, Expired/Forfeited \| $ / shares	6.85
Weighted-Average Exercise Price, Outstanding, Ending Balance \| $ / shares	$ 4.95

Stockholders' Equity (Details Textual) - USD ($)				1 Months Ended				3 Months Ended		9 Months Ended		12 Months Ended
Stockholders' Equity (Details Textual) - USD ($)	Aug. 05, 2015	Jun. 03, 2015	Jan. 06, 2015	Jul. 02, 2015	May 19, 2015	Apr. 30, 2015	Jan. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures				0
Stock Issued During Period, Value, New Issues										$ 18,118,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross				9,667
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross										0
Restricted Stock Vested Percentage				50.00%
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense								$ 17,000	$ 15,000	$ 50,000	$ 37,000
IPO [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares Issued, Price Per Share	$ 9.00
Stock Issued During Period, Shares, New Issues	1,800,000
Stock Issued During Period, Value, New Issues	$ 16,200,000
Payments of Stock Issuance Costs	$ 2,011,000
Underwriters Exercised Option To Purchase Common Stock	213,128
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross	270,000
Proceeds from Stock Options Exercised	$ 1,918,000
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							25,000
Allocated Share-based Compensation Expense			$ 18,167
Non Executive Employees [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage							50.00%
Non Executive Employees [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage							50.00%
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		75,000				10,000
Non Management Directors [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		33.33%				50.00%
Non Management Directors [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage						50.00%
Officers 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					417,500
Officers And Employees [Member] \| Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage					50.00%
Officers And Employees [Member] \| Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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]
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Warrants Outstanding Number								2,219,543		2,219,543		2,219,543
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price								$ 6.07		$ 6.07
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms										3 years 5 months 23 days		4 years 2 months 23 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Outstanding								$ 5,587,000		$ 5,587,000		$ 6,497,000
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized								50,000		$ 50,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition										6 months 4 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense								1,275,000	$ 921,000	$ 3,363,000	$ 4,282,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized								$ 5,743,000		$ 5,743,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition										1 year 5 months 5 days
2011 Equity Incentive Plan [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								3,188,936		3,188,936
Common Stock, Capital Shares Reserved for Future Issuance								5,790,979		5,790,979
Common Stock, Eligible for Issuance								8,000,000		8,000,000

Earnings Per Share (Details) - shares	3 Months Ended		9 Months Ended
Earnings Per Share (Details) - shares	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share Basic And Diluted [Line Items]
Basic	17,187,272	12,021,614	15,380,609	11,526,277
Diluted	18,278,182	13,034,169	16,471,519	11,526,277
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	128,618	115,046	128,618	0
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	962,292	897,509	962,292	0

Earnings Per Share (Details 1) - shares	3 Months Ended		9 Months Ended
Earnings Per Share (Details 1) - shares	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Stock Option [Member] \| Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and warrants	750,000	0	750,000	0

Income Tax (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Income Tax (Details Textual) - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Line Items]
Gain On Reduction Of Contingent Obligations	$ 3,000,000	$ 600,000
Effective Income Tax Rate, Continuing Operations	54.00%	46.00%	2.00%	54.00%
Income Tax Expense (Benefit)	$ 51,000	$ 242,000	$ 35,000	$ 68,000

Discontinued Operations (Details) - USD ($)	3 Months Ended		9 Months Ended
Discontinued Operations (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 0	$ 209,000	$ 287,000	$ 347,000
Cost of sales	0	(224,000)	(221,000)	(332,000)
Operating expenses	(1,000)	(580,000)	(267,000)	(1,143,000)
Depreciation expense	0	(30,000)	0	(61,000)
Loss from disposal of discontinued operations	(32,000)	0	(273,000)	0
Income tax benefit	19,000	408,000	193,000	652,000
Loss from discontinued operations, net	$ (14,000)	$ (217,000)	$ (281,000)	$ (537,000)
Loss per share from discontinued operations, net:
Basic (in dollars per share)	$ 0.00	$ (0.02)	$ (0.02)	$ (0.05)
Diluted (in dollars per share)	$ 0.00	$ (0.02)	$ (0.02)	$ (0.05)
Weighted average shares outstanding:
Basic (in shares)	17,187,272	12,021,614	15,380,609	11,526,277
Diluted (in shares)	18,278,182	13,034,169	16,471,519	11,526,277

Discontinued Operations (Details 1) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Inventory	$ 0	$ 214,000
Prepaid expenses and other current assets	8,000	63,000
Deferred tax asset	0	226,000
Total current assets	8,000	503,000
Property and equipment, net	0	112,000
Other long-term assets	0	11,000
Total long-term assets	0	123,000
Accounts payable and accrued expenses	65,000	157,000
Other current liabilities	0	61,000
Total current liabilities	$ 65,000	$ 218,000

Related Party Transactions (Details Textual) - USD ($)		1 Months Ended		3 Months Ended		9 Months Ended
Related Party Transactions (Details Textual) - USD ($)	May 14, 2015	Jul. 10, 2012	Sep. 29, 2011	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Todd Slater [Member]
Related Party Transaction [Line Items]
Commission Rate to Related Party		15.00%	15.00%
Fees Earned Separate from Buy Out Payment				$ 16,000	$ 21,000	$ 32,000	$ 63,000
Related Party Transaction, Amounts of Transaction		$ 163,000
Adam Dweck [Member]
Related Party Transaction [Line Items]
Fees Earned Separate from Buy Out Payment				0	$ 5,000	11,000	$ 17,000
Jones Texas, Inc [Member]
Related Party Transaction [Line Items]
Consulting Fees For Period	$ 75,000
Professional Fees				$ 62,500		75,000
C Wonder Assets [Member] \| Director [Member]
Related Party Transaction [Line Items]
Business Acquisition, Payment Of Fees And Commission						$ 240,000