Xcel Brands (XELB) 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	8-May-15
Document Information [Line Items]
Entity Registrant Name	XCel Brands, Inc.
Entity Central Index Key	1083220
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	XELB
Entity Common Stock, Shares Outstanding		14,649,689
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$6,208,000	$8,531,000
Accounts receivable, net	4,883,000	3,641,000
Prepaid expenses and other current assets	699,000	532,000
Deferred tax asset	633,000	633,000
Current assets held for disposition from discontinued retail operations	425,000	503,000
Total current assets	12,848,000	13,840,000
Property and Equipment:
Property and equipment, net	834,000	833,000
Other Assets:
Trademarks and other intangibles, net	97,536,000	97,679,000
Goodwill	12,371,000	12,371,000
Deferred finance costs, net	595,000	624,000
Other assets	274,000	271,000
Long-term assets held for disposition from discontinued retail operations	0	123,000
Total non-current other assets	110,776,000	111,068,000
Total Assets	124,458,000	125,741,000
Current Liabilities:
Accounts payable and accrued expenses	2,858,000	3,339,000
Deferred revenue	264,000	256,000
Installment obligations in connection with the acquisition of the Ripka Brand	1,290,000	2,190,000
Other current liabilities	104,000	190,000
Current portion of long-term debt	6,615,000	5,650,000
Current portion of long-term debt, contingent obligations	5,766,000	5,766,000
Current liabilities held for disposition from discontinued retail operations	261,000	218,000
Total current liabilities	17,158,000	17,609,000
Long-Term Liabilities:
Long-term debt, less current portion	36,044,000	39,648,000
Deferred tax liabilities	7,714,000	8,082,000
Other long-term liabilities	208,000	178,000
Total long-term liabilities	43,966,000	47,908,000
Total Liabilities	61,124,000	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 March 31, 2015 and December 31, 2014 and 14,316,355 and 14,011,896 issued and outstanding at March 31, 2015 and December 31, 2014, respectively	14,000	14,000
Paid-in capital	60,159,000	56,718,000
Retained earnings	3,161,000	3,492,000
Total Stockholders' equity	63,334,000	60,224,000
Total Liabilities and Stockholders' Equity	$124,458,000	$125,741,000

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$0.00	$0.00
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)	$0.00	$0.00
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	14,316,355	14,011,896
Common stock, shares outstanding	14,316,355	14,011,896

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Revenues
Net licensing revenue	$6,524,000	$3,540,000
Net e-commerce sales	67,000	0
Total revenues	6,591,000	3,540,000
Cost of goods sold	45,000	0
Gross profit	6,546,000	3,540,000
Operating expenses
Salaries, benefits and employment taxes	3,103,000	1,976,000
Other design and marketing costs	284,000	175,000
Other selling, general and administrative expenses	986,000	680,000
Stock-based compensation	1,013,000	1,565,000
Depreciation and amortization	262,000	224,000
Total operating expenses	5,648,000	4,620,000
Other expense
Loss on extinguishment of debt	611,000	0
Operating income (loss)	287,000	-1,080,000
Interest and finance expense
Interest expense - term debt	312,000	144,000
Other interest and finance charges	199,000	94,000
Total interest and finance expense	511,000	238,000
Loss from continuing operations before income taxes	-224,000	-1,318,000
Income tax benefit	-106,000	-494,000
Loss from continuing operations	-118,000	-824,000
Loss from discontinued operations, net	-213,000	-131,000
Net loss	($331,000)	($955,000)
Basic and diluted loss per share:
Continuing operations	($0.01)	($0.08)
Discontinued operations, net	($0.01)	($0.01)
Net loss	($0.02)	($0.09)
Basic weighted average common shares outstanding (in shares)	14,069,419	10,830,312

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Stockholders’ Equity (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)		37,792
Compensation expense in connection with stock options, warrant and restricted stock	1,013,000	0	1,013,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes	2,400,000	0	2,400,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes (in shares)		266,667
Tax benefit from vested stock grants and exercised options	28,000	0	28,000	0
Net loss	-331,000	0	0	-331,000
Balances at Mar. 31, 2015	$63,334,000	$14,000	$60,159,000	$3,161,000
Balance (in shares) at Mar. 31, 2015		14,316,355

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities
Net loss	($331,000)	($955,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from discontinued operations, net	213,000	131,000
Depreciation and amortization expense	262,000	224,000
Amortization of deferred finance costs	39,000	11,000
Stock-based compensation	1,013,000	1,565,000
Allowance for doubtful accounts	35,000	0
Amortization of note discount	155,000	78,000
Deferred income tax benefit	-340,000	-494,000
Tax benefit from vested stock grants and exercised options	-28,000	0
Loss on extinguishment of debt	611,000	0
Changes in operating assets and liabilities:
Accounts receivable	-1,277,000	-152,000
Prepaid expenses and other assets	-175,000	-108,000
Accounts payable and accrued expenses	-483,000	-164,000
Deferred revenue	12,000	-114,000
Other liabilities	-57,000	-18,000
Net cash provided by (used in) operating activities from continuing operations	-351,000	4,000
Net cash used in operating activities from discontinued operations, net	-49,000	-110,000
Net cash used in operating activities	-400,000	-106,000
Cash flows used in investing activities
Cash consideration for asset acquisition of the H Halston Brands	-14,000	0
Purchase of property and equipment	-27,000	-112,000
Advance deposit related to trademark acquisition	0	-168,000
Net cash used in investing activities from continuing operations	-41,000	-280,000
Net cash used in investing activities from discontinued operations	0	-194,000
Net cash used in investing activities	-41,000	-474,000
Cash flows provided by financing activities
Shares repurchased on vesting of restricted stock	0	-63,000
Tax benefit from vested stock grants and exercised options	28,000
Payment of contingent obligation	0	-315,000
Payment of deferred finance costs	-10,000	-35,000
Payment of long-term debt	-1,000,000	0
Payment of installment obligations related to the acquisition of the Ripka Brand	-900,000	0
Net cash used in financing activities	-1,882,000	-413,000
Net decrease in cash and cash equivalents	-2,323,000	-993,000
Cash and cash equivalents, beginning of period	8,531,000	7,461,000
Cash and cash equivalents, end of period	6,208,000	6,468,000
Supplemental disclosure of non-cash activities:
Issuance of common stock as payment for notes payable	2,400,000	0
Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes	303,000	39,000
Cash paid during the period for interest	$222,000	$144,000

Nature_of_Operations_Backgroun

Nature of Operations, Background and Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]		1	Nature of Operations, Background and Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with 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 of 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 Xcel Brands, Inc.’s, (the “Company’s”) opinion, however, that the accompanying unaudited condensed consolidated financial statements include all adjustments, which are of a normal recurring nature, which are 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 months ended March 31, 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”), certain rights of the Liz Claiborne New York brand (“LCNY Brand”), and the H by Halston and H Halston brands (collectively, the “H Halston 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”) and the H Halston Brands are licensed through the Company’s wholly-owned subsidiary, H Licensing, LLC (“H 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 8).
	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 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 is effective for fiscal years beginning after December 15, 2016 and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the method and impact the adoption of ASU 2014-09 will have on the Company’s consolidated financial statements and disclosures. In April 2015, the FASB proposed deferring the effective date of ASU 2014-09 for one year, and proposed some modifications to the original provisions. These proposals are pending.
	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.

Trademarks_Goodwill_and_Other_

Trademarks, Goodwill and Other Intangibles	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]		2	Trademarks, Goodwill and Other Intangibles
	Trademarks and other intangibles, net consist of the following:
			March 31,		December 31,
			2015		2014
	Trademarks		$	96,676,000	$	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			-1,892,000		-1,735,000
	Net carrying amount		$	97,536,000	$	97,679,000
	Amortization expense for intangible assets for the quarter ended March 31, 2015 (the “Current Quarter”) and the quarter ended March 31, 2014 (the “Prior Year Quarter”) was $157,000 and $132,000, 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.
	The Company has $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 Quarter.

Significant_Contracts

Significant Contracts	3 Months Ended
	Mar. 31, 2015
Significant Contracts [Abstract]
Significant Contracts [Text Block]		3	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 and H Halston branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Royalties from QVC totaled $5.15 million and $2.29 million for the Current Quarter and Prior Year Quarter, respectively, representing 79% and 65% of the Company’s total revenues, respectively. As of March 31, 2015 and December 31, 2014, the Company had receivables from QVC of $3.58 million and $2.36 million, representing 73% and 65% of the Company’s receivables, respectively. The March 31, 2015 QVC receivables include $500,000 of earned revenue that had been accrued but not billed as of March 31, 2015.

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]		4	Debt
	The Company’s net carrying amount of debt is comprised of the following:
			March 31,			December 31,
			2015			2014
	IM Term Loan		$	12,500,000		$	12,750,000
	JR Term Loan			9,000,000			9,000,000
	H Term Loan			10,000,000			10,000,000
	IM Seller Note			4,692,000			5,366,000
	Ripka Seller Notes (*)			2,683,000			4,398,000
	Contingent obligation - IM Seller (*)			5,766,000			5,766,000
	Contingent obligation - JR Seller			3,784,000			3,784,000
	Total			48,425,000			51,064,000
	Current portion (*)			12,381,000			11,416,000
	Total long-term debt		$	36,044,000		$	39,648,000
	(*) $5.77 million of the current portion of long-term debt consists of contingent obligation related to IM Brands, described below, which is payable in common stock or cash, at the Company’s option. The current portion of long-term debt also includes the $2.24 million fair value of the Ripka Seller Notes, which was redeemed on April 21, 2015 for shares of our common stock (See Note 10, Subsequent Events).
	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 (April 1 through December 31)		$	1,125,000
	2016			2,625,000
	2017			3,125,000
	2018			5,625,000
	Total		$	12,500,000
	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 equals $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.
	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, which begin April 1, 2015, are as follows:
			Amount of
			Principal
	Year Ending December 31,		Payment
	2015 (April 1 through December 31)		$	1,125,000
	2016			2,250,000
	2017			2,875,000
	2018			2,250,000
	2019			500,000
	Total		$	9,000,000
	JR Licensing shall prepay the outstanding amount of the JR Term Loan from excess cash flow (the “JR Cash Flow Recapture”) for each fiscal year commencing with the year ending December 31, 2015 in arrears in an amount equal to fifty percent (50%) of such JR Cash Flow Recapture. JR Cash Flow Recapture shall mean for any fiscal period, cash provided by operating activities for such period less (a) capital expenditures not made through the incurrence of indebtedness less (b) all interest and principal (including indebtedness owed for the JR 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.
	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.
	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;
		⋅	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;
		⋅	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;
		⋅	Net worth of the Company on a consolidated basis shall not be less than $40 million at any time;
		⋅	Liquid assets of the Company on a consolidated basis shall not be less than $4,500,000 at any time;
		⋅	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;
		⋅	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;
		⋅	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
		⋅	H Licensing shall have license royalty income of at least $6,000,000 each year commencing for the year ending December 31, 2016.
As of March 31, 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 $312,000 and $144,000, 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)		$	4,377,432
	(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 subject to the provisions described above.
	(ii)	Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval. Amounts payable in shares of Common Stock are subject to the provisions described above.
The stated interest rate of the IM Seller Note remains at 0.25%. Management determined that the Company’s expected borrowing rate as of the date of the amendment was 6.44%. Based on the revised payment schedule and the change in the Company’s expected borrowing rate, the Company increased the IM Seller Note discount by $337,000, and accordingly reduced the carrying value of the IM Seller Note.
For the Current Quarter and the Prior Year Quarter, the Company incurred interest expense of $81,000 and $83,000, respectively, which includes amortization of the discount on the IM Seller Note of $76,000 and $79,000, respectively. The IM Seller Note balance, net of discount, at March 31, 2015 and December 31, 2014 was $4,692,000 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 $611,000 during the Current Quarter, which is included in the accompanying condensed consolidated statements of operations.
For the Current Quarter, the Company incurred interest expense of $79,000, which consists solely of amortization of the discount on the Ripka Seller Notes. The Ripka Seller Notes balance, net of discount, at March 31, 2015 and December 31, 2014 was $2,683,000 and $4,398,000, respectively.
Contingent Obligations
IM Earn-Out Obligation
IM Ready may earn additional shares of Common Stock with a value of up to $7,500,000 (the “IM Earn-Out Value”) for the 12-month period ending September 30, 2015, with the number of shares to be issued based upon the greater of (i) $4.50 per share and (ii) the average stock price for the last twenty days in such period, and with such earn-out payment contingent upon the Isaac Mizrahi Business achieving the net royalty income target set forth below (the “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 fiscal year ending September 30, 2014 and the Company made a one-time cash payment of $315,000 to IM Ready in March 2014. The IM Earn-Out Obligation is recorded as the current portion of long-term debt in the amount of $3.0 million at March 31, 2015 and December 31, 2014 in the accompanying condensed consolidated balance sheets.
Any future change in the IM Earn-Out Obligation will result in an expense or income in the period in which it is determined the fair market value has changed. The royalty targets and percentage of the potential earn-out value are as follows:
					Earn-Out
Royalty Target Period		Royalty Target			Value
Royalty Target Period (October 1, 2014 to September 30, 2015)		$	24,000,000		$	7,500,000
IM Ready will receive a percentage of the IM Earn-Out Value based upon the percentage of the actual net royalty income of the Isaac Mizrahi Business to the royalty target as set forth below.
		% of
		Earn-Out
		Value
Applicable Percentage		Earned
Less than 76%			0	%
76% up to 80%			40	%
80% up to 90%			70	%
90% up to 95%			80	%
95% up to 100%			90	%
100% or greater			100	%
The IM Earn-Out Value is payable solely in stock. In accordance with ASC Topic 480, “Distinguishing Liabilities from Equity” (“ASC Topic 480”), the IM Earn-Out Obligation is treated as a liability in the accompanying condensed consolidated balance sheets because of the variable number of shares payable under the agreement.
QVC Earn-Out
The Company is obligated to pay IM Ready $2.76 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 ending 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’). Management has determined that it is probable that the $2.5 million in net royalty income from QVC will be met. In accordance with ASC Topic 480, the QVC Earn-Out obligation is treated as a liability in the accompanying condensed consolidated balance sheets because of the variable number of shares payable under the agreement. Management will assess no less frequently than each reporting period the status of this contingent obligation. Any change in the expected obligation will result in an expense or income in the period in which it is determined fair market value has changed. The QVC Earn-Out is recorded as a current liability in the accompanying condensed consolidated balance sheets 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. The Ripka Earn-Out of $3.78 million is recorded as long-term debt at March 31, 2015 on the condensed consolidated balance sheets based on the difference between the fair value of the assets of the Ripka Brand acquired and the total consideration paid. In accordance with ASC Topic 480, the 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.
As of March 31, 2015 and December 31, 2014, total contingent obligations were $9.55 million.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]		5	Stockholders’ Equity
	2011 Equity Incentive Plan
	The Company’s 2011 Equity Incentive Plan, as amended and restated (the “Plan”) is designed and utilized to enable the Company to offer its employees, officers, directors, consultants and others whose past, present and/or potential contributions to the Company have been, are or will be important to the success of the Company, an opportunity to acquire a proprietary interest in the Company. A total of 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 Quarter.
	A summary of the Company’s stock options for the Current Quarter 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			-		-
	Expired/Forfeited			-1,250		-4
	Outstanding and expected to vest at March 31, 2015			402,750	$	5.36		2.64	$	1,465,000
	Exercisable at March 31, 2015			307,750	$	4.69		2.1	$	1,327,000
	The preceding table does not include options to purchase 576 shares of Common Stock for $728 per share issued under the Company’s former equity plan. The Company does not expect to issue any equity awards under this plan.
	Compensation expense related to stock options for the Current Quarter and the Prior Year Quarter was $17,000 and $11,000, respectively. Total unrecognized compensation expense related to unvested stock options at March 31, 2015 amounts to $83,000 and is expected to be recognized over a weighted average period of 1.27 years.
	The following table summarizes the Company’s stock option activity for non-vested options for the Current Quarter:
					Weighted
					Average
			Number of		Grant Date
			Options		Fair Value
	Balance at January 1, 2015			95,000	$	1.43
	Granted			-		-
	Vested			-		-
	Forfeited or Canceled			-		-
	Balance at March 31, 2015			95,000	$	1.43
	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.
	A summary of the Company’s warrants for the Current Quarter is as follows:
							Weighted
							Average
					Weighted		Remaining
					Average		Contractual		Aggregate
			Number of		Exercise		Life		Intrinsic
			Warrants		Price		(in Years)		Value
	Outstanding at January 1, 2015			2,219,543		6.07		4.23	$	6,497,413
	Granted			-		-
	Canceled			-		-
	Exercised			-		-
	Expired/Forfeited			-		-
	Outstanding at March 31, 2015			2,219,543	$	6.07		3.98	$	6,497,413
	Exercisable at March 31, 2015			2,219,543	$	6.07		3.98	$	6,497,413
	The Company did not grant any warrants to purchase share of Common Stock during the Current Quarter.
	No compensation expense was recorded in the Current Quarter or Prior Year Quarter related to warrants.
	Restricted Stock
	A summary of the Company’s restricted stock for the Current Quarter is as follows:
					Weighted
			Number of		Average
			Restricted		Grant Date
			Shares		Fair Value
	Outstanding at January 1, 2015			3,208,410	$	4.46
	Granted			43,167		9
	Canceled			-		-
	Vested			-45,667		6.94
	Expired/Forfeited			-5,375		6.23
	Outstanding at March 31, 2015			3,200,535	$	4.48
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 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 January 6, 2015, the Company issued non-executive employees 18,167 shares of fully vested common stock.
Compensation expense related to restricted stock grants for the Current Quarter and Prior Year Quarter was $996,000 and $1,554,000, respectively. Total unrecognized compensation expense related to unvested restricted stock grants at March 31, 2015 amounts to $3,155,000 and is expected to be recognized over a weighted average period of 1.23 years.
Shares Available Under the Company’s 2011 Equity Incentive Plan
At March 31, 2015, there were 3,656,716 shares of Common Stock available for issuance under the Plan.
Shares Reserved for Issuance
At March 31, 2015, there were 6,279,585 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.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]
	6	Earnings Per Share
	Basic earnings per share (“EPS”) is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all potentially dilutive common shares outstanding during the period, including stock options and warrants, using the treasury stock method, and convertible debt, using the if-converted method. Diluted EPS excludes all potentially dilutive shares of common stock if their effect is anti-dilutive.
	Shares used in calculating basic and diluted loss per share are as follows:
			Three Months Ended
			March 31,
			2015		2014
	Basic			14,069,419		10,830,312
	Effect of exercise of warrants			-		-
	Effect of exercise of stock options			-		-
	Diluted			14,069,419		10,830,312
	The computation of basic and diluted EPS excludes the common stock equivalents of the following potentially dilutive securities because their inclusion would be anti-dilutive:
			Three Months Ended March 31,
			2015		2014
	Stock options and warrants			750,000		1,201,925

Income_Tax

Income Tax	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]		7	Income Tax
	The effective income tax rate for the Current Quarter and the Prior Year Quarter was approximately (47%) and (37%), respectively, resulting in an income tax benefit of $106,000 and $494,000, respectively.

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]		8	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 Prior Year Quarter and the Company’s assets and liabilities from discontinued operations of its retail business as of March 31, 2015 and December 31, 2014 are as follows:
	Results of discontinued operations:
			March 31,
			2015		2014
	Net sales		$	106,000	$	26,000
	Cost of sales			-120,000		-33,000
	Operating expenses			-175,000		-191,000
	Depreciation and amortization			-		-11,000
	Loss from disposal of discontinued operations			-164,000		-
	Income tax benefit			140,000		78,000
	Loss from discontinued operations, net		$	-213,000	$	-131,000
	Loss per share from discontinued operations, net:
	Basic and Diluted		$	-0.01	$	-0.01
	Weighted average shares outstanding:
	Basic and Diluted			14,069,419		10,830,312
	Assets and liabilities of discontinued operations:
			March 31,		December 31,
			2015		2014
	Inventory		$	141,000	$	214,000
	Prepaid expenses and other current assets			58,000		63,000
	Deferred tax asset			226,000		226,000
	Total current assets		$	425,000	$	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		$	180,000	$	157,000
	Other current liabilities			81,000		61,000
	Total liabilities		$	261,000	$	218,000

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]		9	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 $8,000 and $21,000, 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 $7,000 and $6,000 in fees for the Current Quarter and Prior Year Quarter, respectively.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]		10	Subsequent Events
	On April 21, 2015, the Company satisfied $3 million principal amount of the Ripka Seller Notes by issuing 333,334 shares of the Company’s common stock. The original maturity date of the Ripka Seller Notes was March 31, 2019. 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 will record a loss on the early extinguishment of debt of $0.76 million in the three and six months ending June 30, 2015.
	On May 14, 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 expires on July 31, 2015 and provides for fees payable to JT Inc. up to $25,000.

Nature_of_Operations_Backgroun1

Nature of Operations, Background and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements
	In May 2014, 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 is effective for fiscal years beginning after December 15, 2016 and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). Early adoption is not permitted. The Company is currently evaluating the method and impact the adoption of ASU 2014-09 will have on the Company’s consolidated financial statements and disclosures. In April 2015, the FASB proposed deferring the effective date of ASU 2014-09 for one year, and proposed some modifications to the original provisions. These proposals are pending.
	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.

Trademarks_Goodwill_and_Other_1

Trademarks, Goodwill and Other Intangibles (Tables)	3 Months Ended
	Mar. 31, 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:
		March 31,		December 31,
		2015		2014
	Trademarks	$	96,676,000	$	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		-1,892,000		-1,735,000
	Net carrying amount	$	97,536,000	$	97,679,000

Debt_Tables

Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Schedule of Debt [Table Text Block]	The Company’s net carrying amount of debt is comprised of the following:
			March 31,			December 31,
			2015			2014
	IM Term Loan		$	12,500,000		$	12,750,000
	JR Term Loan			9,000,000			9,000,000
	H Term Loan			10,000,000			10,000,000
	IM Seller Note			4,692,000			5,366,000
	Ripka Seller Notes (*)			2,683,000			4,398,000
	Contingent obligation - IM Seller (*)			5,766,000			5,766,000
	Contingent obligation - JR Seller			3,784,000			3,784,000
	Total			48,425,000			51,064,000
	Current portion (*)			12,381,000			11,416,000
	Total long-term debt		$	36,044,000		$	39,648,000
	(*) $5.77 million of the current portion of long-term debt consists of contingent obligation related to IM Brands, described below, which is payable in common stock or cash, at the Company’s option. The current portion of long-term debt also includes the $2.24 million fair value of the Ripka Seller Notes, which was redeemed on April 21, 2015 for shares of our common stock (See Note 10, Subsequent Events).
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 (April 1 through December 31)		$	1,125,000
	2016			2,625,000
	2017			3,125,000
	2018			5,625,000
	Total		$	12,500,000
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)		$	4,377,432
		(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 subject to the provisions described above.
		(ii)	Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval. Amounts payable in shares of Common Stock are subject to the provisions described above.
Schedule Of Royalty Targets and Percentage Of Potential Earn Out Value [Table Text Block]	The royalty targets and percentage of the potential earn-out value are as follows:
						Earn-Out
	Royalty Target Period		Royalty Target			Value
	Royalty Target Period (October 1, 2014 to September 30, 2015)		$	24,000,000		$	7,500,000
	IM Ready will receive a percentage of the IM Earn-Out Value based upon the percentage of the actual net royalty income of the Isaac Mizrahi Business to the royalty target as set forth below.
			% of
			Earn-Out
			Value
	Applicable Percentage		Earned
	Less than 76%			0	%
	76% up to 80%			40	%
	80% up to 90%			70	%
	90% up to 95%			80	%
	95% up to 100%			90	%
	100% or greater			100	%
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
JR Term Loan [Member]
Schedule of Maturities of Long-term Debt [Table Text Block]	Scheduled principal payments, which begin April 1, 2015, are as follows:
			Amount of
			Principal
	Year Ending December 31,		Payment
	2015 (April 1 through December 31)		$	1,125,000
	2016			2,250,000
	2017			2,875,000
	2018			2,250,000
	2019			500,000
	Total		$	9,000,000

Stockholders_Equity_Tables

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 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 Quarter 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		-		-
	Expired/Forfeited		-1,250		-4
	Outstanding and expected to vest at March 31, 2015		402,750	$	5.36		2.64	$	1,465,000
	Exercisable at March 31, 2015		307,750	$	4.69		2.1	$	1,327,000
Schedule of Share-based Compensation, Stock Warrant Activity [Table Text Block]	A summary of the Company’s warrants for the Current Quarter is as follows:
						Weighted
						Average
				Weighted		Remaining
				Average		Contractual		Aggregate
		Number of		Exercise		Life		Intrinsic
		Warrants		Price		(in Years)		Value
	Outstanding at January 1, 2015		2,219,543		6.07		4.23	$	6,497,413
	Granted		-		-
	Canceled		-		-
	Exercised		-		-
	Expired/Forfeited		-		-
	Outstanding at March 31, 2015		2,219,543	$	6.07		3.98	$	6,497,413
	Exercisable at March 31, 2015		2,219,543	$	6.07		3.98	$	6,497,413
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	A summary of the Company’s restricted stock for the Current Quarter is as follows:
				Weighted
		Number of		Average
		Restricted		Grant Date
		Shares		Fair Value
	Outstanding at January 1, 2015		3,208,410	$	4.46
	Granted		43,167		9
	Canceled		-		-
	Vested		-45,667		6.94
	Expired/Forfeited		-5,375		6.23
	Outstanding at March 31, 2015		3,200,535	$	4.48
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 Quarter:
				Weighted
				Average
		Number of		Grant Date
		Options		Fair Value
	Balance at January 1, 2015		95,000	$	1.43
	Granted		-		-
	Vested		-		-
	Forfeited or Canceled		-		-
	Balance at March 31, 2015		95,000	$	1.43

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Shares used in calculating basic and diluted loss per share are as follows:
		Three Months Ended
		March 31,
		2015		2014
	Basic		14,069,419		10,830,312
	Effect of exercise of warrants		-		-
	Effect of exercise of stock options		-		-
	Diluted		14,069,419		10,830,312
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 March 31,
		2015		2014
	Stock options and warrants		750,000		1,201,925

Discontinued_Operations_Tables

Discontinued Operations (Tables)	3 Months Ended
	Mar. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	A summary of the Company’s results of discontinued operations of its retail business for the Current Quarter and Prior Year Quarter and the Company’s assets and liabilities from discontinued operations of its retail business as of March 31, 2015 and December 31, 2014 are as follows:
	Results of discontinued operations:
		March 31,
		2015		2014
	Net sales	$	106,000	$	26,000
	Cost of sales		-120,000		-33,000
	Operating expenses		-175,000		-191,000
	Depreciation and amortization		-		-11,000
	Loss from disposal of discontinued operations		-164,000		-
	Income tax benefit		140,000		78,000
	Loss from discontinued operations, net	$	-213,000	$	-131,000
	Loss per share from discontinued operations, net:
	Basic and Diluted	$	-0.01	$	-0.01
	Weighted average shares outstanding:
	Basic and Diluted		14,069,419		10,830,312
	Assets and liabilities of discontinued operations:
		March 31,		December 31,
		2015		2014
	Inventory	$	141,000	$	214,000
	Prepaid expenses and other current assets		58,000		63,000
	Deferred tax asset		226,000		226,000
	Total current assets	$	425,000	$	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	$	180,000	$	157,000
	Other current liabilities		81,000		61,000
	Total liabilities	$	261,000	$	218,000

Trademarks_Goodwill_and_Other_2

Trademarks, Goodwill and Other Intangibles (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Trademarks	$96,676,000	$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	-1,892,000	-1,735,000
Net carrying amount	$97,536,000	$97,679,000

Trademarks_Goodwill_and_Other_3

Trademarks, Goodwill and Other Intangibles (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Research and Development Assets Acquired Other than Through Business Combination [Line Items]
Amortization of Intangible Assets	$157,000	$132,000
Goodwill	$12,371,000		$12,371,000

Significant_Contracts_Details_

Significant Contracts (Details Textual) (Royalty Agreement With QVC [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Royalty Agreement With QVC [Member]
Business Acquisition [Line Items]
Royalty Revenue	$5,150,000	$2,290,000
Revenue from Royalty, Percentage	79.00%	65.00%
Accounts Receivable, Gross	3,580,000		2,360,000
Accounts Receivables, Percentage	73.00%		65.00%
Accrued Fees and Other Revenue Receivable	$500,000

Debt_Details

Debt (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014
Debt Instrument [Line Items]
Total	$48,425,000		$51,064,000
Current portion	12,381,000	[1]	11,416,000	[1]
Total long term debt	36,044,000		39,648,000
IM Term Loan [Member]
Debt Instrument [Line Items]
Term Note	12,500,000		12,750,000
Seller Note	4,692,000		5,366,000
Contingent obligation - due to seller	5,766,000	[1]	5,766,000	[1]
Total	12,500,000
JR Term Loan [Member]
Debt Instrument [Line Items]
Term Note	9,000,000		9,000,000
Seller Note	2,683,000	[1]	4,398,000	[1]
Contingent obligation - due to seller	3,784,000		3,784,000
Total	9,000,000
H Term Loan [Member]
Debt Instrument [Line Items]
Term Note	10,000,000		10,000,000
Total	$10,000,000
[1]	$5.77 million of the current portion of long-term debt consists of contingent obligation related to IM Brands, described below, which is payable in common stock or cash, at the Companybs option. The current portion of long-term debt also includes the $2.24 million fair value of the Ripka Seller Notes, which was redeemed on April 21, 2015 for shares of our common stock (See Note 10, Subsequent Events).

Debt_Details_1

Debt (Details 1) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total	$48,425,000	$51,064,000
IM Term Loan [Member]
Debt Instrument [Line Items]
2015	1,125,000
2016	2,625,000
2017	3,125,000
2018	5,625,000
Total	12,500,000
JR Term Loan [Member]
Debt Instrument [Line Items]
2015	1,125,000
2016	2,250,000
2017	2,875,000
2018	2,250,000
2019	500,000
Total	9,000,000
H Term Loan [Member]
Debt Instrument [Line Items]
2015	1,500,000
2016	2,500,000
2017	3,000,000
2018	3,000,000
Total	$10,000,000

Debt_Details_2

Debt (Details 2) (USD $)	Mar. 31, 2015
January 31, 2016 [Member]
Debt Instrument [Line Items]
Debt Instrument, Payment Amount	$750,000	[1]
September 30, 2016 [Member]
Debt Instrument [Line Items]
Debt Instrument, Payment Amount	$4,377,432	[2]
[1]	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 subject to the provisions described above.
[2]	Payable in stock or cash at the Companybs sole discretion. .Amounts paid in cash require BHIbs approval. Amounts payable in shares of Common Stock are subject to the provisions described above.

Debt_Details_3

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

Debt_Details_Textual

Debt (Details Textual) (USD $)

3 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

Mar. 31, 2015

Mar. 31, 2014

Aug. 01, 2013

Apr. 03, 2014

Dec. 22, 2014

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Feb. 20, 2015

Sep. 29, 2011

Dec. 31, 2014

Debt Instrument [Line Items]

Gains (Losses) on Extinguishment of Debt

($611,000)

$0

Interest Expense, Debt

312,000

144,000

Long-term Debt, Total

48,425,000

51,064,000

Repayments of Long-term Debt, Total

1,000,000

0

Prepayment Of Long Term Debt Fair Value

2,400,000

IM Term Loan [Member]

Debt Instrument [Line Items]

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

4.44%

Proceeds from Issuance of Long-term Debt, Total

13,000,000

Debt Instrument, Description

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 equals $1,000,000 in the aggregate, then twenty percent (20%) of the excess cash flow for such fiscal year.

Debt Instrument, Maturity Date, Description

five year term loan

Initial Outstanding Value of Long-term Debt or Borrowing

5,770,000

Other Notes Payable, Noncurrent

4,692,000

5,366,000

Interest Expense, Long-term Debt

312,000

144,000

Long-term Debt, Total

12,500,000

JR Term Loan [Member]

Debt Instrument [Line Items]

Proceeds from Issuance of Long-term Debt, Total

9,000,000

Debt Instrument, Description

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.

Debt Instrument, Maturity Date, Description

five year term loan

Other Notes Payable, Noncurrent

2,683,000

[1]

4,398,000

[1]

Debt Instrument, Description of Variable Rate Basis

LIBOR plus 3.5% or Prime plus 0.50%

Long-term Debt, Total

9,000,000

H Term Loan [Member]

Debt Instrument [Line Items]

Proceeds from Issuance of Long-term Debt, Total

10,000,000

Debt Instrument, Description

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

Debt Instrument, Maturity Date, Description

five year term loan

Maximum Capital Expenditures of Guarantor and its Subsidiaries

1,300,000

Minimum Fixed Charge Ratio, Start Range

1.2

Minimum Fixed Charge Ratio, End Range

1

Minimum Liquidity Covenants

4,500,000

Minimum Net Worth Required for Compliance

40,000,000

Debt Instrument, Description of Variable Rate Basis

LIBOR plus 3.50% or Prime rate plus 0.50%

Long-term Debt, Total

10,000,000

H Term Loan [Member] | Scenario, Forecast [Member]

Debt Instrument [Line Items]

Minimum Earnings Before Interest Taxes Depreciation And Amortization

17,000,000

15,500,000

7,500,000

Maximum Loss of capital expenditures for retail division

500,000

500,000

Ripka Seller Notes [Member]

Debt Instrument [Line Items]

Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate

7.33%

Gains (Losses) on Extinguishment of Debt

611,000

Debt Instrument, Face Amount

6,000,000

Debt Instrument, Unamortized Discount

1,835,000

Imputed Annual Interest Rate

7.33%

Initial Outstanding Value of Long-term Debt or Borrowing

4,165,000

Other Notes Payable, Noncurrent

2,683,000

4,398,000

Interest Expense, Debt

79,000

Floor Price Per Share for Conversion of Debt

$7

Repayments of Long-term Debt, Total

3,000,000

Debt Conversion, Original Debt, Amount

2,400,000

Debt Instrument, Periodic Payment

75,000

Debt Conversion, Converted Instrument, Shares Issued

266,667

Prepayment Of Long Term Debt Fair Value

1,790,000

IM Brands [Member] | Scenario, Forecast [Member]

Debt Instrument [Line Items]

Minimum Earnings Before Interest Taxes Depreciation And Amortization

12,500,000

11,000,000

9,000,000

JR Licensing [Member] | Scenario, Forecast [Member]

Debt Instrument [Line Items]

Minimum Earnings Before Interest Taxes Depreciation And Amortization

5,000,000

4,000,000

H Licensing [Member] | Scenario, Forecast [Member]

Debt Instrument [Line Items]

Royalty Revenue, Total

6,000,000

Minimum Earnings Before Interest Taxes Depreciation And Amortization

5,000,000

4,500,000

500,000

IM Ready Made LLC [Member]

Debt Instrument [Line Items]

Repayment Of Contingent Obligation

315,000

Earn-Out Obligation [Member]

Debt Instrument [Line Items]

Exercise Price of Common Stock

$4.50

Royalty Earn Out Value

7,500,000

Long-term Debt, Total

3,000,000

3,000,000

QVC Inc [Member]

Debt Instrument [Line Items]

Business Acquisitions, Net Royalty Income

2,760,000

Royalty Revenue, Total

2,500,000

Ripka Earn-Out [Member]

Debt Instrument [Line Items]

Royalty Earn Out Value

5,000,000

Earn Out Payments

9,550,000

9,550,000

Royalty Revenue, Total

1,000,000

Long-term Debt, Total

3,780,000

Floor Price Per Share for Conversion of Debt

$7

IM Seller Notes [Member]

Debt Instrument [Line Items]

Debt Instrument, Face Amount

7,377,000

Stated Interest Rate on Note Payable

0.25%

Subordinated Borrowing, Interest Rate

6.44%

9.25%

Debt Instrument, Unamortized Discount

1,740,000

Unamortization of Debt Discount (Premium)

76,000

79,000

Imputed Annual Interest Rate

9.00%

Initial Outstanding Value of Long-term Debt or Borrowing

5,637,000

Initial Prepaid Interest

123,000

Other Notes Payable, Noncurrent

4,692,000

5,366,000

Exercise Price of Common Stock

$4.50

Interest Expense, Debt

81,000

83,000

Restructure Of Seller Note

337,000

Ms. Ripka Seller Note One [Member] | Ripka Seller Notes [Member]

Debt Instrument [Line Items]

Proceeds from Issuance of Long-term Debt, Total

2,400,000

Ms. Ripka Seller Note Two [Member] | Ripka Seller Notes [Member]

Debt Instrument [Line Items]

Proceeds from Issuance of Long-term Debt, Total

$600,000

[1]

$5.77 million of the current portion of long-term debt consists of contingent obligation related to IM Brands, described below, which is payable in common stock or cash, at the Companybs option. The current portion of long-term debt also includes the $2.24 million fair value of the Ripka Seller Notes, which was redeemed on April 21, 2015 for shares of our common stock (See Note 10, Subsequent Events).

Stockholders_Equity_Details

Stockholders' Equity (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 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	0
Options, Expired/Forfeited	-1,250
Options, Outstanding, Ending Balance	402,750	404,000
Options, Exercisable at December 31, 2014	307,750
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	$0
Weighted-Average Exercise Price, Expired/Forfeited	($4)
Weighted Average Exercise Price, Outstanding, Ending Balance	$5.36	$6.67
Weighted-Average Exercise Price, Exercisable at December 31, 2014	$4.69
Weighted Average Remaining Contractual Life (in years)	2 years 7 months 20 days	2 years 10 months 20 days
Exercisable Weighted Average Remaining Contractual Life (in years)	2 years 1 month 6 days
Aggregate Intrinsic Value ,Beginning Balance	$1,472,000
Aggregate Intrinsic Value, Ending Balance	1,465,000	1,472,000
Exercisable, Aggregate Intrinsic Value	$1,327,000

Stockholders_Equity_Details_1

Stockholders' Equity (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2015
Number of Options
Options, Granted	0
Employee Stock Option [Member]
Number of Options
Balance at January 1, 2014	95,000
Options, Granted	0
Options, Vested	0
Options, Forfeited or Canceled	0
Balance at December 31, 2014	95,000
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Balance at January 1, 2014	1.43
Weighted Average Grant Date Fair Value, Granted	0
Weighted Average Grant Date Fair Value, Vested	0
Weighted Average Grant Date Fair Value, Forfeited or Canceled	0
Weighted Average Grant Date Fair Value, Balance at December 31, 2014	1.43

Stockholders_Equity_Details_2

Stockholders' Equity (Details 2) (Warrant [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Warrant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants, Outstanding, Beginning Balance	2,219,543
Warrants, Granted	0
Warrants, Canceled	0
Warrants, Exercised	0
Warrants, Expired/Forfeited	0
Warrants, Outstanding, Ending Balance	2,219,543	2,219,543
Warrants, Exercisable at December 31, 2014	2,219,543
Weighted-Average Exercise Price, Outstanding, Beginning Balance	$6.07
Weighted-Average Exercise Price, Granted	$0
Weighted-Average Exercise Price, Canceled	$0
Weighted-Average Exercise Price, Exercised	$0
Weighted-Average Exercise Price, Expired/Forfeited	$0
Weighted-Average Exercise Price, Outstanding, Ending Balance	$6.07	$6.07
Weighted-Average Exercise Price, Exercisable at December 31, 2014	$6.07
Weighted Average Remaining Contractual Life (in Years)	3 years 11 months 23 days	4 years 2 months 23 days
Weighted Average Remaining Contractual Life (in Years), Exercisable	3 years 11 months 23 days
Aggregate Intrinsic Value, Outstanding	$6,497,413	$6,497,413
Aggregate Intrinsic Value, Exercisable	$6,497,413

Stockholders_Equity_Details_3

Stockholders' Equity (Details 3) (Restricted Stock [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares, Outstanding, Beginning Balance	3,208,410
Restricted Shares, Granted	43,167
Restricted Shares, Canceled	0
Restricted Shares, Vested	-45,667
Restricted Shares, Expired/Forfeited	-5,375
Restricted Shares, Outstanding, Ending Balance	3,200,535
Weighted-Average Exercise Price, Outstanding, Beginning Balance	$4.46
Weighted-Average Grant Date Fair Value, Granted	$9
Weighted-Average Grant Date Fair Value, Canceled	$0
Weighted-Average Grant Date Fair Value, Vested	$6.94
Weighted-Average Grant Date Fair Value, Expired/Forfeited	$6.23
Weighted-Average Exercise Price, Outstanding, Ending Balance	$4.48

Stockholders_Equity_Details_Te

Stockholders' Equity (Details Textual) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 06, 2015
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$17,000	$11,000
Non Executive Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense			18,167
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	83,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 3 months 7 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures	25,000
Allocated Share-based Compensation Expense	996,000	1,554,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$3,155,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	1 year 2 months 23 days
Former Equity Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Options Issued Shares Former Equity Plan	576
Stock Options Issued Value Per Share Former Equity Plan	$728
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	3,656,716
Common Stock, Capital Shares Reserved for Future Issuance	6,279,585
Common Stock, Eligible for Issuance	8,000,000
2011 Equity Incentive Plan [Member] | Non Executive Employees [Member] | January 31, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year One		50.00%
2011 Equity Incentive Plan [Member] | Non Executive Employees [Member] | January 31 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage Of Share Based Payment Award Vested In Year Two		50.00%

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share Basic And Diluted [Line Items]
Basic	14,069,419	10,830,312
Diluted	14,069,419	10,830,312
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	0	0
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	0	0

Earnings_Per_Share_Details_1

Earnings Per Share (Details 1) (Employee Stock Option [Member], Warrant [Member])	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Employee Stock Option [Member] | Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options and warrants	750,000	1,201,925

Income_Tax_Details_Textual

Income Tax (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Taxes [Line Items]
Effective Income Tax Rate, Continuing Operations	-47.00%	-37.00%
Income Tax Expense (Benefit)	($106,000)	($494,000)

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$106,000	$26,000
Cost of sales	-120,000	-33,000
Operating expenses	-175,000	-191,000
Depreciation and amortization	0	-11,000
Loss from disposal of discontinued operations	-164,000	0
Income tax benefit	140,000	78,000
Loss from discontinued operations, net	($213,000)	($131,000)
Loss per share from discontinued operations, net:
Basic and Diluted (in dollars per share)	($0.01)	($0.01)
Weighted average shares outstanding:
Basic and Diluted (in shares)	14,069,419	10,830,312

Discontinued_Operations_Detail1

Discontinued Operations (Details 1) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Inventory	$141,000	$214,000
Prepaid expenses and other current assets	58,000	63,000
Deferred tax asset	226,000	226,000
Total current assets	425,000	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	180,000	157,000
Other current liabilities	81,000	61,000
Total liabilities	$261,000	$218,000

Related_Party_Transactions_Det

Related Party Transactions (Details Textual) (USD $)	1 Months Ended		3 Months Ended
	Jul. 10, 2012	Sep. 29, 2011	Mar. 31, 2015	Mar. 31, 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			$8,000	$21,000
Related Party Transaction, Amounts of Transaction	163,000
Adam Dweck [Member]
Related Party Transaction [Line Items]
Fees Earned Separate from Buy Out Payment			$7,000	$6,000

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (USD $)	3 Months Ended		0 Months Ended	1 Months Ended	3 Months Ended	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	14-May-15	Apr. 21, 2015	Jun. 30, 2015	Jun. 30, 2015
Subsequent Event [Line Items]
Prepayment Of Long Term Debt Fair Value	$2,400,000
Debt Conversion, Converted Instrument, Amount	2,400,000
Gains (Losses) on Extinguishment of Debt	-611,000	0
Subsequent Event [Member] | Jones Texas Inc [Member]
Subsequent Event [Line Items]
Professional Fees			25,000
Subsequent Event [Member] | Ripka Seller Notes [Member]
Subsequent Event [Line Items]
Debt Conversion, Converted Instrument, Shares Issued				333,334
Prepayment Of Long Term Debt Fair Value				2,240,000
Debt Conversion, Converted Instrument, Amount				3,000,000
Long-term Debt, Fair Value				3,000,000
Gains (Losses) on Extinguishment of Debt					$760,000	$760,000
Debt Instrument, Maturity Date				31-Mar-19