Xcel Brands (XELB) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 12, 2015
Document Information [Line Items]
Entity Registrant Name	XCel Brands, Inc.
Entity Central Index Key	1,083,220
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Trading Symbol	XELB
Entity Common Stock, Shares Outstanding		17,997,856
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 2,617,000	$ 8,531,000
Accounts receivable, net	6,566,000	3,641,000
Prepaid expenses and other current assets	725,000	532,000
Deferred tax assets	650,000	633,000
Current assets held for disposition from discontinued retail operations	9,000	503,000
Total current assets	10,567,000	13,840,000
Property and equipment, net	693,000	833,000
Trademarks and other intangibles, net	97,379,000	97,679,000
Goodwill	12,371,000	12,371,000
Deferred finance costs, net	557,000	624,000
Restricted cash	1,109,000	0
Other assets	888,000	271,000
Long-term assets held for disposition from discontinued retail operations	0	123,000
Total non-current other assets	112,304,000	111,068,000
Total Assets	123,564,000	125,741,000
Current Liabilities:
Accounts payable and accrued expenses	2,296,000	3,339,000
Deferred revenue	206,000	256,000
Installment obligations in connection with the acquisition of the Ripka Brand	7,000	2,190,000
Other current liabilities	108,000	190,000
Current portion of long-term debt	7,750,000	5,650,000
Current portion of long-term debt, contingent obligations	2,766,000	5,766,000
Current liabilities held for disposition from discontinued retail operations	155,000	218,000
Total current liabilities	13,288,000	17,609,000
Long-Term Liabilities:
Long-term debt, less current portion	32,501,000	39,648,000
Deferred tax liabilities	7,946,000	8,082,000
Other long-term liabilities	238,000	178,000
Total long-term liabilities	40,685,000	47,908,000
Total Liabilities	$ 53,973,000	$ 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 June 30, 2015 and December 31, 2014 and 15,191,689 and 14,011,896 issued and outstanding at June 30, 2015 and December 31, 2014, respectively	15,000	14,000
Paid-in capital	64,308,000	56,718,000
Retained earnings	5,268,000	3,492,000
Total Stockholders' equity	69,591,000	60,224,000
Total Liabilities and Stockholders' Equity	$ 123,564,000	$ 125,741,000

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000	1,000
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	15,191,689	14,011,896
Common stock, shares outstanding	15,191,689	14,011,896

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues
Net licensing revenue	$ 6,269,000	$ 6,064,000	$ 12,793,000	$ 9,604,000
Net e-commerce sales	52,000	8,000	119,000	8,000
Total revenues	6,321,000	6,072,000	12,912,000	9,612,000
Cost of goods sold	35,000	4,000	80,000	4,000
Gross profit	6,286,000	6,068,000	12,832,000	9,608,000
Operating expenses
Salaries, benefits and employment taxes	3,073,000	2,405,000	6,176,000	4,381,000
Other design and marketing costs	808,000	181,000	1,092,000	356,000
Other selling, general and administrative expenses	535,000	701,000	1,521,000	1,381,000
Stock-based compensation	1,108,000	1,818,000	2,121,000	3,383,000
Depreciation and amortization	318,000	236,000	580,000	460,000
Total operating expenses	5,842,000	5,341,000	11,490,000	9,961,000
Other expenses (income)
Gain on reduction of contingent obligation	(3,000,000)	(600,000)	(3,000,000)	(600,000)
Loss on extinguishment of debt	760,000	0	1,371,000	0
Total other income, net	(2,240,000)	(600,000)	(1,629,000)	(600,000)
Operating income	2,684,000	1,327,000	2,971,000	247,000
Interest and finance expense
Interest expense - term debt	309,000	226,000	621,000	370,000
Other interest and finance charges	124,000	183,000	323,000	277,000
Total interest and finance expense	433,000	409,000	944,000	647,000
Income (loss) from continuing operations before income taxes	2,251,000	918,000	2,027,000	(400,000)
Income tax provision (benefit)	90,000	320,000	(16,000)	(174,000)
Income (loss) from continuing operations	2,161,000	598,000	2,043,000	(226,000)
Loss from discontinued operations, net	(54,000)	(189,000)	(267,000)	(320,000)
Net income (loss)	$ 2,107,000	$ 409,000	$ 1,776,000	$ (546,000)
Basic net income (loss) per share:
Continuing operations	$ 0.15	$ 0.05	$ 0.14	$ (0.02)
Discontinued operations, net	(0.01)	(0.02)	(0.02)	(0.03)
Net income (loss)	0.14	0.03	0.12	(0.05)
Diluted net income (loss) per share:
Continuing operations	0.14	0.05	0.13	(0.02)
Discontinued operations, net	(0.01)	(0.02)	(0.02)	(0.03)
Net income (loss)	$ 0.13	$ 0.03	$ 0.11	$ (0.05)
Basic and diluted loss per share:
Basic weighted average common shares outstanding	14,850,874	11,713,813	14,462,305	11,274,503
Diluted weighted average common shares outstanding	15,963,975	12,710,184	15,575,406	11,274,503

Condensed Consolidated Stateme5

Condensed Consolidated Statement of Stockholders' Equity - 6 months ended Jun. 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)		579,792
Compensation expense in connection with stock options, warrant and restricted stock	2,121,000	$ 0	2,121,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes	5,401,000	$ 1,000	5,400,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes (in shares)		600,001
Tax benefit from vested stock grants and exercised options	69,000	$ 0	69,000	0
Net income	1,776,000	0	0	1,776,000
Balances at Jun. 30, 2015	$ 69,591,000	$ 15,000	$ 64,308,000	$ 5,268,000
Balance (in shares) at Jun. 30, 2015		15,191,689

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows (used in) provided by operating activities
Net income (loss)	$ 1,776,000	$ (546,000)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Loss from discontinued operations, net	267,000	320,000
Depreciation and amortization expense	580,000	460,000
Amortization of deferred finance costs	77,000	34,000
Stock-based compensation	2,121,000	3,383,000
Recovery of doubtful accounts	(21,000)	0
Amortization of note discount	246,000	233,000
Deferred income tax benefit	(85,000)	(568,000)
Tax benefit from vested stock grants and exercised options	(69,000)	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	(2,903,000)	(1,193,000)
Prepaid expenses and other assets	(204,000)	10,000
Accounts payable and accrued expenses	(1,010,000)	541,000
Deferred revenue	(78,000)	457,000
Other liabilities	(23,000)	106,000
Net cash (used in) provided by operating activities from continuing operations	(955,000)	2,637,000
Net cash (used in) provided by operating activities from discontinued operations, net	207,000	(569,000)
Net cash (used in) provided by operating activities	(748,000)	2,068,000
Cash flows used in investing activities
Cash consideration for asset acquisition of the Ripka Brand	0	(12,363,000)
Cash consideration for asset acquisition of the H Halston Brand	(14,000)	0
Purchase of property and equipment	(47,000)	(139,000)
Restricted cash for security deposit	(1,109,000)	0
Advance deposit related to trademark acquisition	(300,000)	0
Net cash used in investing activities from continuing operations	(1,470,000)	(12,502,000)
Net cash used in investing activities from discontinued operations, net	0	(309,000)
Net cash used in investing activities	(1,470,000)	(12,811,000)
Cash flows (used in) provided by financing activities
Proceeds from term debt related to the Ripka Brand	0	9,000,000
Shares repurchased on vesting of restricted stock	0	(63,000)
Proceeds from issuance of exercise of stock options	0	6,000
Tax benefit from vested stock grants and exercised options	69,000	0
Payment of contingent obligation	0	(315,000)
Payment of deferred finance costs	(10,000)	(239,000)
Costs associated with equity offering	(316,000)	0
Payment of long-term debt	(1,256,000)	0
Payment of installment obligations related to the acquisition of the Ripka Brand	(2,183,000)	0
Net cash (used in) provided by financing activities	(3,696,000)	8,389,000
Net decrease in cash and cash equivalents	(5,914,000)	(2,354,000)
Cash and cash equivalents, beginning of period	8,531,000	7,461,000
Cash and cash equivalents, end of period	2,617,000	5,107,000
Supplemental disclosure of non-cash investing and financing activities:
Issuance of common stock as payment for notes payable	5,401,000	0
Issuance of Notes payable as partial consideration in the acquisition of the Ripka Brand	0	4,165,000
Issuance of common stock in connection with acquisition of the Ripka Brand	0	2,286,000
Contingent obligation related to acquisition of the Ripka Brand	0	3,786,000
Supplemental disclosure of cash flow information:
Cash paid during the period for income taxes	437,000	58,000
Cash paid during the period for interest	$ 610,000	$ 343,000

Nature of Operations, Backgroun

Nature of Operations, Background and Basis of Presentation	6 Months Ended
	Jun. 30, 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 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 six months ended June 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 (see Note 10, Subsequent Events) 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”). 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 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 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 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.

Trademarks, Goodwill and Other

Trademarks, Goodwill and Other Intangibles	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	2. Trademarks, Goodwill and Other Intangibles June 30, December 31, 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 (2,049,000) (1,735,000) Net carrying amount $ 97,379,000 $ 97,679,000 Amortization expense for intangible assets for the quarter ended June 30, 2015 (the “Current Quarter”) and the quarter ended June 30, 2014 (the “Prior Year Quarter”) was $ 157,000 139,000 314,000 272,000 At June 30, 2015 and December 31, 2014, the Company had $ 12.37

Significant Contracts

Significant Contracts	6 Months Ended
	Jun. 30, 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 $ 4.94 4.32 78 71 10.09 6.61 78 69 5.43 2.36 83 65 1.0

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	4. Debt June 30, December 31, IM Term Loan $ 12,250,000 $ 12,750,000 JR Term Loan 9,000,000 9,000,000 H Term Loan 10,000,000 10,000,000 IM Seller Note 4,765,000 5,366,000 Ripka Seller Notes 452,000 4,398,000 Contingent obligation - IM Seller (*) 2,766,000 5,766,000 Contingent obligation - JR Seller 3,784,000 3,784,000 Total 43,017,000 51,064,000 Current portion (*) 10,516,000 11,416,000 Total long-term debt $ 32,501,000 $ 39,648,000 (*) $ 2.77 IM Term Loan On August 1, 2013, IM Brands entered into a $ 13.0 five year term loan 4.44 Year Ending December 31, Amount of 2015 (July 1 through December 31) $ 875,000 2016 2,625,000 2017 3,125,000 2018 5,625,000 Total $ 12,250,000 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. 2,000,000 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 five year term loan LIBOR plus 3.5% or Prime plus 0.50% Year Ending December 31, Amount of 2015 (July 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 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 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 five year term loan 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% Year Ending December 31, Amount of 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 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 15,500,000 17,000,000 · Capital expenditures of the Company on a consolidated basis in any fiscal year shall not exceed $ 1,300,000 500,000 500,000 · The fixed charge ratio of the Company on a consolidated basis shall not be less than 1.20 1.00 · Net worth of the Company on a consolidated basis shall not be less than $ 40 · Liquid assets of the Company on a consolidated basis shall not be less than $ 4,500,000 · EBITDA of IM Brands (as defined in the agreement) shall not be less than $ 9,000,000 11,000,000 12,500,000 · EBITDA of JR Licensing (as defined in the agreement) shall not be less than $ 4,000,000 5,000,000 · H Licensing’s loss, if any (prior to the Company’s allocable expenses) for the year ending December 31, 2015 cannot exceed $ 500,000 4,500,000 5,000,000 · H Licensing shall have license royalty income of at least $ 6,000,000 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 June 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 $ 309,000 226,000 621,000 370,000 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 0.25 9.25 1,740,000 9.0 5,637,000 123,000 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 Payment Date Payment 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 $ 78,000 85,000 73,000 80,000 158,000 168,000 149,000 158,000 4,765,000 5,366,000 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 7.00 7.00 Management determined that its expected borrowing rate is estimated to be 7.33 1,835,000 7.33 4,165,000 On February 20, 2015, the Company agreed to cancel Ripka Seller Notes in the principal amount of $ 3.0 2.4 2,400,000 600,000 75,000 2,400,000 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 2.4 1.79 0.61 On April 21, 2015, the Company satisfied an additional $ 3 333,334 2.24 0.76 For the Current Quarter and Prior Year Quarter, the Company incurred interest expense of $ 9,000 75,000 88,000 75,000 452,000 4,398,000 Contingent Obligations IM Earn-Out Obligation IM Ready may earn additional shares of Common Stock with a value of up to $ 7,500,000 4.50 315,000 The IM Earn-Out Obligation is recorded as the current portion of long-term debt in the amount of $ 0 3.0 The $ 3.0 7.5 Any change in the IM Earn-Out Obligation at September 30, 2015 will result in a reversal of the income recorded in the Current Quarter. In addition, a change in the IM Earn-Out Obligation in excess of the income recorded in the Current Quarter could result in an expense. The royalty targets and percentage of the potential earn-out value are as follows: Royalty Target Period Royalty Target Earn-Out 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. Applicable Percentage % of 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 2.5 4.50 Ripka Earn-Out In connection with the purchase of the Ripka Brand, the Company agreed to pay Ripka additional consideration of up to $ 5 7.00 1 3.78 As of June 30, 2015 and December 31, 2014, total contingent obligations were $ 6.55 9.55

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 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 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 Six Months. 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) (3.40) - Outstanding and expected to vest at June 30, 2015 402,750 $ 5.36 2.39 $ 1,465,000 Exercisable at June 30, 2015 332,750 $ 4.90 1.85 $ 1,327,000 The preceding table does not include options to purchase 576 728 Compensation expense related to stock options for the Current Quarter and the Prior Year Quarter was $ 16,000 10,000 33,000 19,000 67,000 1.03 Weighted Average Number of Grant Date Options Fair Value Balance at January 1, 2015 95,000 $ 1.43 Granted - - Vested (25,000) 1.41 Forfeited or Canceled - - Balance at June 30, 2015 70,000 $ 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 June 30, 2015 and December 31, 2014, there were 2,219,543 6.07 3.98 4.23 6,497,413 The Company did not grant any warrants to purchase shares of Common Stock during the Current Six Months. No compensation expense was recorded in the Current Six Months or Prior Year Six Months related to warrants. Restricted Stock Weighted Number of Average Restricted Grant Date Shares Fair Value Outstanding at January 1, 2015 3,208,410 $ 4.46 Granted 585,667 9.00 Canceled - - Vested (69,905) 6.60 Expired/Forfeited (5,875) 6.34 Outstanding at June 30, 2015 3,718,297 $ 5.17 On January 1, 2015, the Company issued to a non-executive employee 25,000 50 50 st On January 6, 2015, the Company issued non-executive employees 18,167 On April 1, 2015, the Company issued to each non-management director 10,000 50 50 On May 19 , 417,500 50 50 On June 3, 2015, the Company issued a non-management director 75,000 33.33 Compensation expense related to restricted stock grants for the Current Quarter and Prior Year Quarter was $ 1,092,000 1,810,000 2,088,000 3,368,000 6,988,000 1.55 Shares Available Under the Company’s 2011 Equity Incentive Plan At June 30, 2015, there were 3,114,716 Shares Reserved for Issuance At June 30, 2015, there were 5,737,009 Dividends The Company has not paid any dividends to date.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 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. Three Months Ended Six Months Ended 2015 2014 2015 2014 Basic 14,850,874 11,713,813 14,462,305 11,274,503 Effect of exercise of warrants 971,873 866,548 971,873 – Effect of exercise of stock options 141,228 129,823 141,228 – Diluted 15,963,975 12,710,184 15,575,406 11,274,503 Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options and warrants 750,000 50,000 750,000 771,916

Income Tax

Income Tax	6 Months Ended
	Jun. 30, 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 from continuing operations was approximately 4 35 0.09 0.32 (1) 44 0.02 0.17 3.0 0.6

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 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. Results of discontinued operations: Three Months Ended Six Months Ended 2015 2014 2015 2014 Net sales $ 181,000 $ 112,000 $ 287,000 $ 138,000 Cost of sales (101,000) (75,000) (221,000) (108,000) Operating expenses (91,000) (372,000) (266,000) (563,000) Depreciation expense - (20,000) - (31,000) Loss from disposal of discontinued operations (77,000) - (241,000) - Income tax benefit 34,000 166,000 174,000 244,000 Loss from discontinued operations, net $ (54,000) $ (189,000) $ (267,000) $ (320,000) Loss per share from discontinued operations, net: Basic $ (0.01) $ (0.02) $ (0.02) $ (0.03) Diluted $ (0.01) $ (0.02) $ (0.02) $ (0.03) Weighted average shares outstanding: Basic 14,850,874 11,713,813 14,462,305 11,274,503 Diluted 15,963,975 12,710,184 15,575,406 11,274,503 Assets and liabilities of discontinued operations: June 30, December 31, 2015 2014 Inventory $ - $ 214,000 Prepaid expenses and other current assets 9,000 63,000 Deferred tax asset - 226,000 Total current assets $ 9,000 $ 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 $ 155,000 $ 157,000 Other current liabilities - 61,000 Total current liabilities $ 155,000 $ 218,000

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 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 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 15 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 21,000 16,000 43,000 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 6,000 14,000 12,000 Jones Texas, Inc. 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 provides for fees payable to JT Inc. up to $ 25,000 12,500 75,000 62,500

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	10. Subsequent Events Acquisition of C Wonder Assets On July 31, 2015 (the “C Wonder Closing Date”), the Company and C Wonder Licensing, LLC, a wholly-owned subsidiary of the Company (“C Wonder Licensing” and, together with the Company, 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) $ 2,500,000 500,000 500,000 500,000 111,111 In addition to the Closing Consideration and the Escrowed Consideration, the Seller will be eligible to earn additional consideration, 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 acquires 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. Pursuant to the Purchase Agreement, the Company and the Seller entered into a voting agreement, pursuant to which the Seller appointed Robert J. D’Loren, Chief Executive Officer, President and Chairman of the Board of the Company, as its irrevocable proxy and attorney-in-fact with respect to the shares of the common stock of the Company received by it in connection with the transaction, including any shares issued pursuant to an earn-out. As proxy holder, Mr. D’Loren, shall vote in favor of matters recommended or approved by the board of directors. 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. Public Equity Offering On July 31, 2015, the Company, announced the pricing of an underwritten public offering of 1,800,000 9.00 16,200,000 1,239,000 270,000 New Real Property 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 October 30, 2027 117,032 which fixed rent shall increase upon the 5 year anniversary of the commencement of the Sublease 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

Nature of Operations, Backgro17

Nature of Operations, Background and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	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 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 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.

Trademarks, Goodwill and Othe18

Trademarks, Goodwill and Other Intangibles (Tables)	6 Months Ended
	Jun. 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: June 30, December 31, 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 (2,049,000) (1,735,000) Net carrying amount $ 97,379,000 $ 97,679,000

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Debt [Table Text Block]	The Company’s net carrying amount of debt is comprised of the following: June 30, December 31, IM Term Loan $ 12,250,000 $ 12,750,000 JR Term Loan 9,000,000 9,000,000 H Term Loan 10,000,000 10,000,000 IM Seller Note 4,765,000 5,366,000 Ripka Seller Notes 452,000 4,398,000 Contingent obligation - IM Seller (*) 2,766,000 5,766,000 Contingent obligation - JR Seller 3,784,000 3,784,000 Total 43,017,000 51,064,000 Current portion (*) 10,516,000 11,416,000 Total long-term debt $ 32,501,000 $ 39,648,000 (*) $ 2.77
Debt Instrument Principal Payments [Table Text Block]	Payment Date Payment 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.
Schedule Of Royalty Targets and Percentage Of Potential Earn Out Value [Table Text Block]	The royalty targets and percentage of the potential earn-out value are as follows: Royalty Target Period Royalty Target Earn-Out 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. Applicable Percentage % of Less than 76% 0 % 76% up to 80% 40 % 80% up to 90% 70 % 90% up to 95% 80 % 95% up to 100% 90 % 100% or greater 100 %
IM Term Loan [Member]
Schedule of Maturities of Long-term Debt [Table Text Block]	Scheduled principal payments are as follows: Year Ending December 31, Amount of 2015 (July 1 through December 31) $ 875,000 2016 2,625,000 2017 3,125,000 2018 5,625,000 Total $ 12,250,000
JR Term Loan [Member]
Schedule of Maturities of Long-term Debt [Table Text Block]	Scheduled principal payments are as follows: Year Ending December 31, Amount of 2015 (July 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
H Term Loan [Member]
Schedule of Maturities of Long-term Debt [Table Text Block]	Scheduled principal payments of the H Loan are as follows: Year Ending December 31, Amount of 2016 $ 1,500,000 2017 2,500,000 2018 3,000,000 2019 3,000,000 Total $ 10,000,000

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 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 Six 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 - - - Expired/Forfeited (1,250) (3.40) - Outstanding and expected to vest at June 30, 2015 402,750 $ 5.36 2.39 $ 1,465,000 Exercisable at June 30, 2015 332,750 $ 4.90 1.85 $ 1,327,000
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 Six 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 585,667 9.00 Canceled - - Vested (69,905) 6.60 Expired/Forfeited (5,875) 6.34 Outstanding at June 30, 2015 3,718,297 $ 5.17
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 Six Months: Weighted Average Number of Grant Date Options Fair Value Balance at January 1, 2015 95,000 $ 1.43 Granted - - Vested (25,000) 1.41 Forfeited or Canceled - - Balance at June 30, 2015 70,000 $ 1.44

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 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 Six Months Ended 2015 2014 2015 2014 Basic 14,850,874 11,713,813 14,462,305 11,274,503 Effect of exercise of warrants 971,873 866,548 971,873 – Effect of exercise of stock options 141,228 129,823 141,228 – Diluted 15,963,975 12,710,184 15,575,406 11,274,503
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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 Stock options and warrants 750,000 50,000 750,000 771,916

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 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 Six Months Ended 2015 2014 2015 2014 Net sales $ 181,000 $ 112,000 $ 287,000 $ 138,000 Cost of sales (101,000) (75,000) (221,000) (108,000) Operating expenses (91,000) (372,000) (266,000) (563,000) Depreciation expense - (20,000) - (31,000) Loss from disposal of discontinued operations (77,000) - (241,000) - Income tax benefit 34,000 166,000 174,000 244,000 Loss from discontinued operations, net $ (54,000) $ (189,000) $ (267,000) $ (320,000) Loss per share from discontinued operations, net: Basic $ (0.01) $ (0.02) $ (0.02) $ (0.03) Diluted $ (0.01) $ (0.02) $ (0.02) $ (0.03) Weighted average shares outstanding: Basic 14,850,874 11,713,813 14,462,305 11,274,503 Diluted 15,963,975 12,710,184 15,575,406 11,274,503 Assets and liabilities of discontinued operations: June 30, December 31, 2015 2014 Inventory $ - $ 214,000 Prepaid expenses and other current assets 9,000 63,000 Deferred tax asset - 226,000 Total current assets $ 9,000 $ 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 $ 155,000 $ 157,000 Other current liabilities - 61,000 Total current liabilities $ 155,000 $ 218,000

Trademarks, Goodwill and Othe23

Trademarks, Goodwill and Other Intangibles (Details) - USD ($)	Jun. 30, 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	(2,049,000)	(1,735,000)
Net carrying amount	$ 97,379,000	$ 97,679,000

Trademarks, Goodwill and Othe24

Trademarks, Goodwill and Other Intangibles (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Research and Development Assets Acquired Other than Through Business Combination [Line Items]
Amortization of Intangible Assets	$ 157,000	$ 139,000	$ 314,000	$ 272,000
Goodwill	$ 12,371,000		$ 12,371,000		$ 12,371,000

Significant Contracts (Details

Significant Contracts (Details Textual) - Royalty Agreement With QVC [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Business Acquisition [Line Items]
Royalty Revenue	$ 4,940	$ 4,320	$ 10,090	$ 6,610
Revenue from Royalty, Percentage	78.00%	71.00%	78.00%	69.00%
Accounts Receivable, Gross	$ 5,430		$ 5,430		$ 2,360
Accounts Receivables, Percentage	83.00%		83.00%		65.00%
Accrued Fees and Other Revenue Receivable	$ 1,000		$ 1,000

Debt (Details)

Debt (Details) - USD ($)		Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total		$ 43,017,000	$ 51,064,000
Current portion	[1]	10,516,000	11,416,000
Total long term debt		32,501,000	39,648,000
IM Term Loan [Member]
Debt Instrument [Line Items]
Term Note		12,250,000	12,750,000
Seller Note		4,765,000	5,366,000
Contingent obligation - due to seller	[1]	2,766,000	5,766,000
Total		12,250,000
JR Term Loan [Member]
Debt Instrument [Line Items]
Term Note		9,000,000	9,000,000
Seller Note		452,000	4,398,000
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]	$2.77 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.

Debt (Details 1)

Debt (Details 1) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total	$ 43,017,000	$ 51,064,000
IM Term Loan [Member]
Debt Instrument [Line Items]
2,015	875,000
2,016	2,625,000
2,017	3,125,000
2,018	5,625,000
Total	12,250,000
JR Term Loan [Member]
Debt Instrument [Line Items]
2,015	1,125,000
2,016	2,250,000
2,017	2,875,000
2,018	2,250,000
2,019	500,000
Total	9,000,000
H Term Loan [Member]
Debt Instrument [Line Items]
2,015	1,500,000
2,016	2,500,000
2,017	3,000,000
2,018	3,000,000
Total	$ 10,000,000

Debt (Details 2)

Debt (Details 2)		Jun. 30, 2015USD ($)
January 31, 2016 [Member]
Debt Instrument [Line Items]
Debt Instrument, Payment Amount	[1]	$ 750,000
September 30, 2016 [Member]
Debt Instrument [Line Items]
Debt Instrument, Payment Amount	[2]	$ 4,377,000
[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.
[2]	Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval.

Debt (Details 3)

Debt (Details 3) - 6 months ended Jun. 30, 2015 - USD ($)	Total
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)	Apr. 03, 2014USD ($)$ / shares	Apr. 21, 2015USD ($)shares	Feb. 20, 2015USD ($)shares	Dec. 22, 2014USD ($)	Mar. 31, 2014USD ($)	Aug. 01, 2013USD ($)	Sep. 29, 2011USD ($)$ / shares	Jun. 30, 2015USD ($)$ / shares	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)$ / shares	Jun. 30, 2014USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Proceeds from Issuance of Long-term Debt, Total										$ 0	$ 9,000,000
Gains (Losses) on Extinguishment of Debt								$ (760,000)	$ 0	(1,371,000)	0
Interest Expense, Debt								309,000	226,000	621,000	370,000
Long-term Debt, Total								43,017,000		43,017,000					$ 51,064,000
Repayments of Long-term Debt, Total										1,256,000	0
Prepayment Of Long Term Debt Fair Value								2,400,000		2,400,000
Long-term Debt, Current Maturities, Total								7,750,000		$ 7,750,000					5,650,000
IM Term Loan [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Long-term Debt, Total						$ 13,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate						4.44%
Debt Instrument, Maturity Date, Description						five year term loan
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 equal $1,000,000 in the aggregate, then twenty percent (20%) of the excess cash flow for such fiscal year.
Initial Outstanding Value of Long-term Debt or Borrowing								2,770,000		$ 2,770,000
Other Notes Payable, Noncurrent								4,765,000		4,765,000					5,366,000
Long-term Debt, Total								12,250,000		12,250,000
Long-term Debt, Current Maturities, Total								2,000,000		$ 2,000,000
JR Term Loan [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Long-term Debt, Total	$ 9,000,000
Debt Instrument, Maturity Date, Description	five year term loan
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
Other Notes Payable, Noncurrent								452,000		$ 452,000					4,398,000
Debt Instrument, Description of Variable Rate Basis										LIBOR plus 3.5% or Prime plus 0.50%
Long-term Debt, Total								9,000,000		$ 9,000,000
H Term Loan [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Long-term Debt, Total				$ 10,000,000
Debt Instrument, Maturity Date, Description				five year term loan
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
Maximum Capital Expenditures of Guarantor and its Subsidiaries										$ 1,300,000
Minimum Fixed Charge Ratio, Start Range										1.20
Minimum Fixed Charge Ratio, End Range										1
Minimum Liquidity Covenants								4,500,000		$ 4,500,000
Minimum Net Worth Required for Compliance								40,000,000		40,000,000
Interest Expense, Long-term Debt								309,000	226,000	$ 621,000	370,000
Debt Instrument, Description of Variable Rate Basis										LIBOR plus 3.50% or Prime rate plus 0.50%
Long-term Debt, Total								10,000,000		$ 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								760,000		610,000
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								452,000		452,000					4,398,000
Interest Expense, Debt								9,000	75,000	88,000	75,000
Long-term Debt, Total		$ 2,240,000
Floor Price Per Share for Conversion of Debt | $ / shares	$ 7
Repayments of Long-term Debt, Total			$ 3,000,000
Debt Conversion, Original Debt, Amount		$ 3,000,000	2,400,000
Debt Instrument, Periodic Payment			$ 75,000
Debt Conversion, Converted Instrument, Shares Issued | shares		333,334	266,667
Prepayment Of Long Term Debt Fair Value								1,790,000		$ 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 | $ / shares										$ 4.50
Royalty Earn Out Value										$ 7,500,000
Gain on Reduction of Contingent Obligations								3,000,000		3,000,000
Long-term Debt, Total								0		0					3,000,000
Earn-Out Obligation								7,500,000
QVC Inc [Member]
Debt Instrument [Line Items]
Business Acquisitions, Net Royalty Income								2,760,000		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								6,550,000		6,550,000					9,550,000
Royalty Revenue, Total										1,000,000
Long-term Debt, Total								$ 3,780,000		$ 3,780,000
Floor Price Per Share for Conversion of Debt | $ / shares								$ 7		$ 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							9.25%
Debt Instrument, Unamortized Discount							$ 1,740,000
Unamortization of Debt Discount (Premium)								$ 73,000	80,000	$ 149,000	158,000
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								4,765,000		4,765,000					$ 5,366,000
Exercise Price of Common Stock | $ / shares							$ 4.50
Interest Expense, Debt								$ 78,000	$ 85,000	$ 158,000	$ 168,000
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

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 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	0
Options, Expired/Forfeited	(1,250)
Options, Outstanding, Ending Balance	402,750	404,000
Options, Exercisable at December 31, 2014	332,750
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	(3.40)
Weighted Average Exercise Price, Outstanding, Ending Balance	5.36	$ 6.67
Weighted-Average Exercise Price, Exercisable at December 31, 2014	$ 4.90
Weighted Average Remaining Contractual Life (in years)	2 years 4 months 20 days	2 years 10 months 20 days
Exercisable Weighted Average Remaining Contractual Life (in years)	1 year 10 months 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) - 6 months ended Jun. 30, 2015 - $ / shares	Total
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	(25,000)
Options, Forfeited or Canceled	0
Balance at June 30, 2015	70,000
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Balance at January 1, 2015	$ 1.43
Weighted Average Grant Date Fair Value, Granted	0
Weighted Average Grant Date Fair Value, Vested	1.41
Weighted Average Grant Date Fair Value, Forfeited or Canceled	0
Weighted Average Grant Date Fair Value, Balance at June 30, 2015	$ 1.44

Stockholders' Equity (Details 2

Stockholders' Equity (Details 2) - 6 months ended Jun. 30, 2015 - Restricted Stock [Member] - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares, Outstanding, Beginning Balance	3,208,410
Restricted Shares, Granted	585,667
Restricted Shares, Canceled	0
Restricted Shares, Vested	(69,905)
Restricted Shares, Expired/Forfeited	(5,875)
Restricted Shares, Outstanding, Ending Balance	3,718,297
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	6.6
Weighted-Average Grant Date Fair Value, Expired/Forfeited	6.34
Weighted-Average Exercise Price, Outstanding, Ending Balance	$ 5.17

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	Jun. 03, 2015	Jan. 06, 2015	May. 19, 2015	Apr. 30, 2015	Jan. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Equity Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense						$ 16,000	$ 10,000	$ 33,000	$ 19,000
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
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period					2 years
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
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period				2 years
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	33.33%			50.00%
Non Management Directors [Member] | Share-based Compensation Award, Tranche Three [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%
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
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years		2 years
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		$ 6.07
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercisable Number								$ 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 11 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						$ 6,497,413		$ 6,497,413		$ 6,497,413
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Warrants Exercisable Number						2,219,543		2,219,543		2,219,543
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						$ 67,000		$ 67,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition								1 year 11 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense						1,092,000	$ 1,810,000	$ 2,088,000	$ 3,368,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized						$ 6,988,000		$ 6,988,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition								1 year 6 months 18 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						3,114,716		3,114,716
Common Stock, Capital Shares Reserved for Future Issuance						5,737,009		5,737,009
Common Stock, Eligible for Issuance						8,000,000		8,000,000

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share Basic And Diluted [Line Items]
Basic	14,850,874	11,713,813	14,462,305	11,274,503
Diluted	15,963,975	12,710,184	15,575,406	11,274,503
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	141,228	129,823	141,228	0
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	971,873	866,548	971,873	0

Earnings Per Share (Details 1)

Earnings Per Share (Details 1) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 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	50,000	750,000	771,916

Income Tax (Details Textual)

Income Tax (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Line Items]
Gain On Reduction Of Contingent Obligations	$ 3,000,000	$ 600,000
Effective Income Tax Rate, Continuing Operations	4.00%	35.00%	(1.00%)	44.00%
Income Tax Expense (Benefit)	$ 90,000	$ 320,000	$ (16,000)	$ (174,000)

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 181,000	$ 112,000	$ 287,000	$ 138,000
Cost of sales	(101,000)	(75,000)	(221,000)	(108,000)
Operating expenses	(91,000)	(372,000)	(266,000)	(563,000)
Depreciation expense	0	(20,000)	0	(31,000)
Loss from disposal of discontinued operations	(77,000)	0	(241,000)	0
Income tax benefit	34,000	166,000	174,000	244,000
Loss from discontinued operations, net	$ (54,000)	$ (189,000)	$ (267,000)	$ (320,000)
Loss per share from discontinued operations, net:
Basic (in dollars per share)	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.03)
Diluted (in dollars per share)	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.03)
Weighted average shares outstanding:
Basic (in shares)	14,850,874	11,713,813	14,462,305	11,274,503
Diluted (in shares)	15,963,975	12,710,184	15,575,406	11,274,503

Discontinued Operations (Deta39

Discontinued Operations (Details 1) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Inventory	$ 0	$ 214,000
Prepaid expenses and other current assets	9,000	63,000
Deferred tax asset	0	226,000
Total current assets	9,000	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	155,000	157,000
Other current liabilities	0	61,000
Total liabilities	$ 155,000	$ 218,000

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	May. 14, 2015	Aug. 31, 2015	Jun. 24, 2015	Jul. 10, 2012	Sep. 29, 2011	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 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						$ 8,000	$ 21,000	$ 16,000	$ 43,000
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	14,000	$ 12,000
Jones Texas, Inc [Member]
Related Party Transaction [Line Items]
Consulting Fees For Period	$ 25,000		$ 75,000
Professional Fees						$ 12,500		$ 12,500
Jones Texas, Inc [Member] | Subsequent Event [Member]
Related Party Transaction [Line Items]
Professional Fees		$ 62,500

Subsequent Events (Details Text

Subsequent Events (Details Textual)	Jul. 08, 2015USD ($)a	Aug. 04, 2015USD ($)shares	Jul. 31, 2015$ / sharesshares	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)
Subsequent Event [Line Items]
Payments of Stock Issuance Costs				$ 316,000	$ 0
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross | shares				0
Subsequent Event [Member] | IPO [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues | shares			1,800,000
Shares Issued, Price Per Share | $ / shares			$ 9
Stock Issued During Period, Value, New Issues		$ 16,200,000
Payments of Stock Issuance Costs		$ 1,239,000
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross | shares		270,000
Subsequent Event [Member] | Escrow Consideration [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, Acquisitions | shares				111,111
Subsequent Event [Member] | GBG USA Inc [Member]
Subsequent Event [Line Items]
Description of Lessee Leasing Arrangements, Operating Leases	which fixed rent shall increase upon the 5 year anniversary of the commencement of the Sublease
Lease Expiration Date	Oct. 30, 2027
Net Rentable Area | a	29,566
Operating Leases, Rent Expense, Net	$ 117,032
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,108,725
Subsequent Event [Member] | C Wonder Assets [Member] | Closing Consideration [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross				$ 2,500,000
Stock Issued During Period, Shares, Acquisitions | shares				500,000
Subsequent Event [Member] | C Wonder Assets [Member] | Escrow Consideration [Member]
Subsequent Event [Line Items]
Payments to Acquire Businesses, Gross				$ 500,000
Stock Issued During Period, Shares, Acquisitions | shares				500,000