Xcel Brands (XELB) 10-K 17 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 10, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	XCel Brands, Inc.
Entity Central Index Key	1,083,220
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 51,114,000
Trading Symbol	XELB
Entity Common Stock, Shares Outstanding		18,466,134

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 16,860,000	$ 8,531,000
Accounts receivable, net	7,594,000	3,641,000
Prepaid expenses and other current assets	647,000	532,000
Current assets held for disposition from discontinued retail operations	8,000	503,000
Total current assets	25,109,000	13,207,000
Property and equipment, net	871,000	833,000
Trademarks and other intangibles, net	112,323,000	97,679,000
Goodwill	12,371,000	12,371,000
Restricted cash	1,109,000	0
Other assets	343,000	271,000
Long-term assets held for disposition from discontinued retail operations	0	123,000
Total non-current other assets	126,146,000	110,444,000
Total Assets	152,126,000	124,484,000
Current Liabilities:
Accounts payable, accrued expenses and other current liabilities	3,312,000	3,529,000
Deferred revenue	597,000	256,000
Installment obligations in connection with the acquisition of the Ripka Brand	0	2,190,000
Current portion of long-term debt	8,918,000	5,650,000
Current portion of long-term debt, contingent obligations	250,000	5,766,000
Current liabilities held for disposition from discontinued retail operations	60,000	218,000
Total current liabilities	13,137,000	17,609,000
Long-Term Liabilities:
Long-term debt, less current portion	31,860,000	39,024,000
Deferred tax liabilities, net	6,749,000	7,449,000
Other long-term liabilities	297,000	178,000
Total long-term liabilities	38,906,000	46,651,000
Total Liabilities	$ 52,043,000	$ 64,260,000
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 December 31, 2015 and December 31, 2014 and 18,434,634 and 14,011,896 issued and outstanding at December 31, 2015 and December 31, 2014, respectively	18,000	14,000
Paid-in capital	93,999,000	56,718,000
Retained earnings	6,066,000	3,492,000
Total Stockholders' equity	100,083,000	60,224,000
Total Liabilities and Stockholders' Equity	$ 152,126,000	$ 124,484,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	18,434,634	14,011,896
Common stock, shares outstanding	18,434,634	14,011,896

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Revenues
Net licensing revenue	$ 27,405,000	$ 20,580,000
Net e-commerce sales	316,000	127,000
Total revenues	27,721,000	20,707,000
Cost of goods sold	267,000	73,000
Gross profit	27,454,000	20,634,000
Operating expenses
Salaries, benefits and employment taxes	12,240,000	9,523,000
Other design and marketing costs	2,375,000	1,084,000
Other selling, general and administrative expenses	3,643,000	3,106,000
Stock-based compensation	4,640,000	5,151,000
Depreciation and amortization	1,379,000	935,000
Total operating expenses	24,277,000	19,799,000
Other expenses (income)
Gain on reduction of contingent obligation	(3,000,000)	(600,000)
Loss on extinguishment of debt	1,371,000	0
Total other income, net	(1,629,000)	(600,000)
Operating income	4,806,000	1,435,000
Interest and finance expense
Interest expense - term debt	1,220,000	834,000
Other interest and finance charges	584,000	654,000
Total interest and finance expense	1,804,000	1,488,000
Income (loss) from continuing operations before income taxes	3,002,000	(53,000)
Income tax provision (benefit)	156,000	(97,000)
Income from continuing operations	2,846,000	44,000
Loss from discontinued operations, net	(272,000)	(1,076,000)
Net income (loss)	$ 2,574,000	$ (1,032,000)
Basic net income (loss) per share:
Continuing operations	$ 0.18	$ 0
Discontinued operations, net	(0.02)	(0.09)
Net income (loss)	0.16	(0.09)
Diluted net income (loss) per share:
Continuing operations	0.17	0
Discontinued operations, net	(0.02)	(0.08)
Net income (loss)	$ 0.15	$ (0.08)
Basic and diluted loss per share:
Basic weighted average common shares outstanding	16,151,163	11,698,880
Diluted weighted average common shares outstanding	17,223,240	12,816,674

Consolidated Statement of Stock

Consolidated Statement of Stockholders' Equity - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	(Accumulated Deficit) Retained Earnings [Member]
Balances at Dec. 31, 2013	$ 35,377,000	$ 10,000	$ 30,843,000	$ 4,524,000
Balances (in shares) at Dec. 31, 2013		10,005,509
Compensation expense in connection with stock options and restricted stock	5,151,000	$ 0	5,151,000	0
Issuance of common stock	9,294,000	$ 1,000	9,293,000	0
Issuance of common stock (in Shares)		1,086,667
Issuance of common stock in connection with asset acquisitions	11,286,000	$ 2,000	11,284,000	0
Issuance of common stock in connection with asset acquisitions (in shares)		1,571,429
Shares issued on exercise of stock options	6,000	$ 0	6,000	0
Shares issued on exercise of stock options (in Shares)		10,666
Shares repurchased on vesting of restricted stock	(978,000)	$ 0	(978,000)	0
Shares repurchased on vesting of restricted stock (in shares)		(130,725)
Warrants issued in connection with asset acquisition	611,000	$ 0	611,000	0
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures	1,000	$ 1,000	0	0
Shares issued to employees and directors in connection with restricted stock grants, net of forfeitures (in shares)		1,468,350
Tax benefit from vested stock grants and exercised options	508,000	$ 0	508,000	0
Net income (loss)	(1,032,000)	0	0	(1,032,000)
Balances at Dec. 31, 2014	60,224,000	$ 14,000	56,718,000	3,492,000
Balance (in shares) at Dec. 31, 2014		14,011,896
Compensation expense in connection with stock options, warrants, and restricted stock	0	$ 0	0	0
Shares issued to employees in connection with restricted stock grants, net of forfeitures (in shares)		587,505
Compensation expense in connection with stock options and restricted stock	4,640,000	$ 0	4,640,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes	5,400,000	$ 1,000	5,399,000	0
Issuance of Common Stock in connection with the extinguishment of Ripka Seller Notes (in shares)		600,001
Issuance of common stock	16,107,000	$ 2,000	16,105,000	0
Issuance of common stock (in Shares)		2,013,128
Issuance of common stock in connection with asset acquisitions	9,000,000	$ 1,000	8,999,000	0
Issuance of common stock in connection with asset acquisitions (in shares)		1,000,000
Issuance of Common Stock as payment for a portion of the QVC Earn-Out	2,515,000	$ 0	2,515,000	0
Issuance of Common Stock as payment for a portion of the QVC Earn-Out (in shares)		290,473
Shares issued on exercise of stock options	65,000	$ 0	65,000	0
Shares issued on exercise of stock options (in Shares)		19,456
Shares repurchased on vesting of restricted stock	(748,000)	$ 0	(748,000)
Shares repurchased on vesting of restricted stock (in shares)		(87,825)
Tax benefit from vested stock grants and exercised options	306,000	$ 0	306,000	0
Net income (loss)	2,574,000	0	0	2,574,000
Balances at Dec. 31, 2015	$ 100,083,000	$ 18,000	$ 93,999,000	$ 6,066,000
Balance (in shares) at Dec. 31, 2015		18,434,634

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	$ 2,011,000	$ 486,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows provided by operating activities
Net income (loss)	$ 2,574,000	$ (1,032,000)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss from discontinued operations, net	272,000	1,076,000
Depreciation and amortization expense	1,379,000	935,000
Amortization of deferred finance costs	141,000	80,000
Stock-based compensation	4,640,000	5,151,000
Allowance for doubtful accounts	(21,000)	2,000
Amortization of note discount	406,000	575,000
Deferred income tax benefit	(394,000)	(1,031,000)
Tax benefit from vested stock grants and exercised options	(306,000)	(508,000)
Gain on reduction of contingent obligation	(3,000,000)	(600,000)
Loss on extinguishment of debt	1,371,000	0
Changes in operating assets and liabilities:
Accounts receivable	(3,931,000)	(103,000)
Prepaid expenses and other assets	(187,000)	(46,000)
Accounts payable,accrued expenses and other current liabilities	(217,000)	2,342,000
Deferred revenue	341,000	(235,000)
Other liabilities	119,000	0
Net cash provided by operating activities from continuing operations	3,187,000	6,606,000
Net cash provided by (used in) operating activities from discontinued operations, net	108,000	(739,000)
Net cash provided by operating activities	3,295,000	5,867,000
Cash flows used in investing activities
Cash consideration for asset acquisition of the Ripka Brand	0	(12,365,000)
Cash consideration for asset acquisition of the H Halston Brand	(14,000)	(18,513,000)
Cash consideration for asset acquisition of the C Wonder Brand	(3,587,000)	0
Purchase of property and equipment	(530,000)	(246,000)
Restricted cash for security deposit	(1,109,000)	0
Net cash used in investing activities from continuing operations	(5,240,000)	(31,124,000)
Net cash used in investing activities from discontinued operations, net	0	(433,000)
Net cash used in investing activities	(5,240,000)	(31,557,000)
Cash flows provided by financing activities
Proceeds from issuance of Common Stock, net of direct costs	16,107,000	9,294,000
Proceeds from exercise of stock options	65,000	6,000
Tax benefit from vested stock grants and exercised options	306,000	508,000
Shares repurchased including vested restricted stock in exchange for withholding taxes	(748,000)	(978,000)
Proceeds from term debt related to the Ripka Brand	0	9,000,000
Proceeds from term debt related to the H Brand	0	10,000,000
Payment of contingent obligation	0	(315,000)
Payment of deferred finance costs	(10,000)	(505,000)
Payment of long-term debt	(3,256,000)	(250,000)
Payment of installment obligations related to the acquisition of the Ripka Brand	(2,190,000)	0
Net cash provided by financing activities	10,274,000	26,760,000
Net increase in cash and cash equivalents	8,329,000	1,070,000
Cash and cash equivalents, beginning of year	8,531,000	7,461,000
Cash and cash equivalents, end of year	16,860,000	8,531,000
Supplemental disclosure of non-cash activities:
Issuance of common stock in connection with C Wonder Brand acquisition	9,000,000	0
Contingent obligation related to acquisition of the C Wonder Brand	2,850,000	0
Issuance of Notes payable as partial consideration in the acquisition of the Ripka Brand (net of debt discount - see Note 5)	0	4,165,000
Issuance of common stock in connection with Ripka Brand acquisition	0	2,286,000
Issuance of common stock and warrants in connection with H Brand acquisition	0	9,611,000
Installment obligations related to acquisition of the Ripka Brand	0	2,190,000
Contingent obligations related to acquisition of the Ripka Brand	0	3,784,000
Supplemental disclosure of cash flow information:
Cash paid during the year for income taxes	453,000	109,000
Cash paid during the year for interest	1,157,000	653,000
Ripka Seller Notes [Member]
Supplemental disclosure of non-cash activities:
Issuance of common stock as payment	5,400,000	0
QVC Earn-Out [Member]
Supplemental disclosure of non-cash activities:
Issuance of common stock as payment	$ 2,515,000	$ 0

Nature of Operations, Backgroun

Nature of Operations, Background, and Basis of Presentation	12 Months Ended
	Dec. 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 Xcel Brands, Inc. (“Xcel” and, together with its subsidiaries, the “Company”) is a brand development and media company engaged in the design, production, licensing, marketing and direct to consumer sales of branded apparel, footwear, accessories, jewelry, home goods, and other consumer products, and the acquisition of dynamic consumer lifestyle brands, including the Isaac Mizrahi brand (the "Isaac Mizrahi Brand"), the Judith Ripka brand (the “Ripka Brand”), the H by Halston and H Halston brands (collectively, the “H Halston Brands”), the C Wonder brand acquired on July 31, 2015 (the “C Wonder Brand”), and certain rights of the Liz Claiborne New York brand (“LCNY Brand”) through July 31, 2016. Going forward, our focus shall be on our wholly owned brands. The Company licenses its brands to third parties, provides certain design, production, and marketing services, and generates royalty design and service fee revenues through licensing and other agreements with manufacturers and retailers. This includes licensing its own brands for promotion and distribution through an omni-channel retail sales strategy, which includes distribution through direct-response television, the internet, and traditional brick-and-mortar retail channels. Management believes that this strategy distinguishes the Company from other brand management companies that rely primarily on their licensees for design and distribution, and enables the Company to leverage the media reach of its direct-response television partners, including through television and social media, to drive sales of products under our brands across distribution channels. From June 2013 through December 2014, the Company operated its retail business through its wholly owned subsidiary, IMNY Retail Management, LLC (“Retail Management”). Retail Management launched an e-commerce platform under the Company’s Isaac Mizrahi Brand in May 2014. With the Ripka Brand acquisition, the Company also acquired the rights to the Ripka e-commerce site. The Company opened its first retail store in June 2013 in Southampton, New York (the “Southampton Store”) and opened its second retail store in Atlanta, GA (the “Georgia Store”) in March 2014. In December 2014, the Company decided to discontinue its retail stores. The Company will continue to operate e-commerce as a component of the Company’s licensing business. Accordingly, the Company’s retail operations are treated as discontinued operations and presented as such in the consolidated financial statements (see Note 13). Certain prior period amounts have been reclassified to conform to current period presentation; see Recent Accounting Pronouncements in Note 2 below.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	2. Summary of Significant Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of Xcel and its wholly owned subsidiaries as of and for the years ended December 31, 2015 (the “Current Year”) and December 31, 2014 (the “Prior Year”). The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in accordance with the accounting rules under Regulation S-X, as promulgated by the Securities and Exchange Commission (the “SEC”). All significant intercompany accounts and transactions have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates. Discontinued Operations The Company accounted for its decision to close down its retail operations as discontinued operations in accordance with the guidance provided in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360, “Accounting for Impairment or Disposal of Long-Lived Assets,” and ASC Topic 205, “Presentation of Financial Statements,” which require that only a disposal of a component of an entity, or a group of components of an entity, that represents a strategic shift that has, or will have, a major effect on the reporting entity’s operations and financial results shall be reported in the financial statements as discontinued operations. In the period a discontinued operation is classified as held for sale, the results of operations for the periods presented are reclassified into separate line items in the statements of operations. Assets and liabilities are also reclassified into separate line items on the related balance sheets for the periods presented. The statements of cash flows for the periods presented are also reclassified to reflect the results of discontinued operations as separate line items. Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents. Accounts Receivable Accounts receivable are reported net of the allowance for doubtful accounts. Allowance for doubtful accounts is based on the Company’s ongoing discussions with its licensees and its evaluation of each licensee’s payment history and account aging. As of December 31, 2015 and 2014, the Company had $ 7,594,000 3,641,000 20,000 41,000 1,531,000 110,000 Property and Equipment Furniture, equipment and software are stated at cost less accumulated depreciation and amortization, and are depreciated using the straight-line method over their estimated useful lives, generally three (3) to seven (7) years. Leasehold improvements are amortized over the shorter of their estimated useful lives or the terms of the leases. Betterments and improvements are capitalized, while repairs and maintenance are expensed as incurred. Trademarks, Goodwill and Other Intangible Assets The Company follows FASB ASC Topic 350, “Intangibles - Goodwill and Other.” Under this standard, goodwill and indefinite lived intangible assets are not amortized, but are required to be assessed for impairment at least annually and when events occur or circumstances change that would more likely than not reduce the fair value of the Company below its carrying amount. The Company annually has the option to first assess qualitatively whether it is more likely than not that there is an impairment. Should the results of this assessment result in either an ambiguous or unfavorable conclusion, the Company will perform additional quantitative testing. Quantitative testing is performed using a two-step approach. The first step compares estimated fair value with carrying value. If the estimated fair value exceeds the carrying value, then goodwill is considered not impaired. If the carrying value exceeds the estimated fair value, then a second step is performed to determine the implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, then an impairment charge equal to the difference is recorded. This requires the Company’s management to make certain assumptions and estimates regarding certain industry trends and future revenues of the Company. The Company performed its annual qualitative analysis of goodwill and performed a qualitative analysis of intangible assets at December 31, 2015, and determined that these assets were not impaired. The Company’s definite lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. An impairment loss is recognized if the carrying amount of a definite lived intangible asset is not recoverable and its carrying amount exceeds its fair value. No such impairments were indicated or recorded for the years ended December 31, 2015 and 2014. The Company’s definite lived intangible assets are amortized over their estimated useful lives of four (4) to fifteen (15) years. Deferred Finance Costs The Company incurred costs (primarily professional fees and lender underwriting fees) in connection with borrowings under the senior secured term loans. These costs have been deferred on the balance sheet as a reduction to the carrying value of the associated borrowings, and are amortized as interest expense using the straight-line method over the term of the related debt, which does not differ materially from the effective interest method. Contingent Obligations Management analyzes and quantifies the expected contingent obligations (expected earn-out payments) over the applicable pay-out period. Management assesses no less frequently than each reporting period the status of contingent obligations and any expected changes in the fair market value of such contingent obligations. Any change in the expected obligation will result in expense or income recognized in the period in which it is determined that the fair value has changed. Contingent obligations have been reduced by $ 3.0 0.6 Revenue Recognition Licensing revenue is generated from licenses and is based on reported sales of licensed products bearing the Company’s trademarks, at royalty rates specified in the license agreements. These agreements are also subject to contractual minimum levels. Design and service fees are recorded and recognized in accordance with the terms and conditions of each service contract, which require the Company to meet its obligations and provide the relevant services under each contract. Guaranteed minimum royalty payments are recognized on a straight-line basis over the term of each contract year as defined in each license agreement. Royalties exceeding the guaranteed minimum royalty payments are recognized as income during the period corresponding with the licensee’s sales. Advanced royalty payments are recorded as deferred revenue at the time payment is received and recognized as revenue as earned. Revenue is not recognized unless collectability is reasonably assured. Advertising Costs All costs associated with production for the Company’s advertising campaigns are expensed during the periods when the activities take place. All other advertising costs, such as print and online media, are expensed when the advertisement occurs. The Company incurred no advertising costs for the Current Year and Prior Year. Operating Leases Total rental payments under operating leases that include scheduled payment increases and rent holidays are amortized on a straight-line basis over the term of the lease. Landlord allowances are amortized by the straight-line method over the term of the lease as a reduction of rent expense. Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC Topic 718, “Compensation - Stock Compensation,” by recognizing the fair value of stock-based compensation as an operating expense over the service period of the award or term of the corresponding contract, as applicable. Stock option awards are valued using a Black-Scholes option pricing model, which requires the input of subjective assumptions including expected stock price volatility and the estimated life of each award. In addition, the calculation of periodic compensation cost requires that the Company estimate the number of awards that will be forfeited during the vesting period. Restricted stock awards are valued using the fair value of our stock at the date of grant. Income Taxes Current income taxes are based on the respective period’s taxable income for federal and state income tax reporting purposes. Deferred tax liabilities and assets are determined based on the difference between the financial statement and income tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company applies the FASB guidance on accounting for uncertainty in income taxes. The guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with other authoritative U.S. GAAP and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance also addresses derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company has no unrecognized tax benefits as of December 31, 2015 and 2014. Interest and penalties related to uncertain tax positions, if any, are recorded in income tax expense. For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and other current liabilities, the carrying amounts approximate fair value due to the short-term maturities of these instruments. The carrying value of the Company’s IM Term Loan (as defined in Note 8) approximates fair value because the fixed interest rate approximates current market rate and in the instances it does not, the impact on the time value is not material. When debt interest rates are below market rates, the Company considers the discounted value of the difference of actual interest rates and its internal borrowing against the scheduled debt payments. The carrying values of the Company’s JR Term Loan and H Term Loan (as defined in Note 8) approximate fair value because the variable interest rates approximate current market rates. ASC 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), defines fair value, establishes a framework for measuring fair value under U.S. GAAP and provides for expanded disclosure about fair value measurements. ASC 820-10 applies to all other accounting pronouncements that require or permit fair value measurements. The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of the Company’s assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The Company had contingent obligations that were required to be measured at fair value on a recurring basis. The Company’s contingent obligations were measured using inputs from Level 3 of the fair value hierarchy, which states: Level 3 - unobservable inputs that reflect management’s assumptions that market participants would use in pricing assets or liabilities based on the best information available. The Company’s earn-out obligation (see Note 8) was based upon certain projected net royalty revenues as defined in the terms and conditions of the acquisition of the Isaac Mizrahi Brand. As of September 30, 2015 net royalty revenue associated with Isaac Mizrahi Brand earn-out obligation was determinable, and adjusted accordingly. The $ 250,000 December 31, 2015 2014 Balance at beginning of year $ 5,766,000 $ 6,366,000 Gain on reduction of contingent obligation (3,000,000) (600,000) Payment of contingent obligation (2,516,000) - Balance at end of year $ 250,000 $ 5,766,000 In addition to the Company’s contingent obligations measured at fair value on a recurring basis under ASC 820-10, we also recognized a contingent obligation in connection with the acquisition of Judith Ripka Trademarks in the Prior Year. ASC 805-50-30 requires that, when accounting for asset acquisitions, when the fair value of the assets acquired is greater than the consideration paid, any contingent obligations shall be recognized and recorded as the positive difference between the fair value of the assets acquired and the consideration paid for the acquired assets. In addition, we also recognized a contingent obligation in connection with our acquisition of the C Wonder Trademarks. ASC 805-50-30 requires that when the fair value of the assets acquired are equal to the consideration paid, any contingent obligations shall be recognized based upon the Company's best estimate of the amount that will be paid to settle the liability. See Notes 3, 5 and 8. Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company limits its credit risk with respect to cash by maintaining cash balances with high quality financial institutions. At times, the Company’s cash and cash equivalents may exceed federally insured limits. Concentrations of credit risk with respect to accounts receivable are minimal due to the collection history and due to the nature of the Company’s royalty revenues. Generally, the Company does not require collateral or other security to support accounts receivables. Earnings Per Share Basic earnings (loss) per share is computed by dividing net income from continuing operations, loss on discontinued operations and net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings per share reflect, in periods in which they have a dilutive effect, the effect of common shares issuable upon the exercise of stock options and warrants using the treasury stock method. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options, warrants, and restricted stock outstanding were exercised into Common Stock if the effect is not anti-dilutive. Recent Accounting Pronouncements In May 2014, the FASB issued 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 current 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, will require greater use of judgment and estimates than under the current guidance. In August 2015, the FASB delayed the effective date of this standard by one year, such that the guidance is now effective for fiscal years beginning after December 15, 2017 and interim periods therein. Early adoption is permitted as of the original effective date, December 15, 2016. 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 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 the related debt liability, consistent with debt discounts or premiums. The Company early adopted the provisions of ASU 2015-03 during the fourth quarter of 2015 on a retrospective basis, and the adoption did not have a material impact on the Company’s consolidated financial statements. As a result of the adoption of ASU 2015-03, $ 624,000 In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes” (ASU 2015-17). ASU 2015-17 removes the reporting requirement to classify deferred income taxes between current and non-current on the balance sheet. Instead, the new accounting guidance in ASU 2015-17 will require that all deferred income taxes are reported and classified as non-current. The Company early adopted the provisions of ASU 2015-07 during the fourth quarter of 2015 on a retrospective basis, and the adoption did not have a material impact on the Company’s consolidated financial statements. As a result of the adoption of ASU 2015-17, $ 633,000 In February 2016, the FASB issued ASU No. 2016-02, “Leases” (ASU 2016-02). The core principle of ASU 2016-02 is that an entity should recognize on its balance sheet assets and liabilities arising from a lease. In accordance with that principle, ASU 2016-02 requires that a lessee recognize a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying leased asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend on the lease classification as a finance or operating lease. This new accounting guidance is effective for public companies for fiscal years beginning after December 15, 2018 (i.e., calendar years beginning on January 1, 2019), including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on the Company’s consolidated financial statements.

Acquisition of C Wonder Tradema

Acquisition of C Wonder Trademarks	12 Months Ended
	Dec. 31, 2015
C Wonder Trademarks [Member]
Assets Acquisition [Line Items]
Asset Acquisition [Text Block]	3. Acquisition of C Wonder Trademarks On July 31, 2015, the Company and its wholly owned subsidiary, C Wonder Licensing, completed the acquisition of certain assets of Burch Acquisition, LLC (the “CW Seller”), including the “C Wonder” trademark and other intellectual property relating thereto, pursuant to an asset purchase agreement (the “CW Purchase Agreement”) dated as of July 16, 2015 with the CW Seller and, solely with respect to certain non-compete and confidentiality provisions of the CW Purchase Agreement, J. Christopher Burch. In accordance with the CW Purchase Agreement, the Company delivered (i) $ 2,500,000 500,000 500,000 500,000 4.0 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. Allocated to: Trademarks $ 15,437,000 Total acquisition price $ 15,437,000 Trademarks have been determined by management to have an estimated useful life of 15 429,000 The following represents the aggregate purchase price of $ 15.4 0.59 Cash paid $ 3,000,000 Fair value of Common Stock issued (1,000,000 shares) 9,000,000 C Wonder Earn-Out obligation (at fair value, see Note 8) 2,850,000 Direct transaction expenses 587,000 Total consideration $ 15,437,000

Acquisition of H Halston Tradem

Acquisition of H Halston Trademarks	12 Months Ended
	Dec. 31, 2015
H Halston Trademarks [Member]
Assets Acquisition [Line Items]
Asset Acquisition [Text Block]	4. Acquisition of H Halston Trademarks On December 22, 2014, the Company and its wholly owned subsidiary, H Licensing, entered into an asset purchase agreement (the "H Asset Purchase Agreement") with The H Company IP, LLC (“HIP”), and its parent, House of Halston LLC (“HOH”), pursuant to which the Company acquired certain assets of HIP, including the “H by Halston” and “H Halston” trademarks (collectively, the “H Halston Brands”) and other intellectual property rights relating thereto. Benjamin Malka, a director of the Company, is a 24 Pursuant to the H Asset Purchase Agreement, the Company delivered (i) $ 18,023,090 1,000,000 750,000 12.00 Pursuant to voting agreements entered into on December 22, 2014 (the “Voting Agreement”), each of HIP and HIP’s Designee appointed Robert W. D’Loren, the Company’s Chief Executive Officer, President and Chairman of the Board, as its irrevocable proxy and attorney-in-fact with respect to the shares of the Company’s Common Stock and warrants received by it in connection with the transaction, respectively. As proxy holder, Mr. D’Loren is required to vote in favor of matters recommended or approved by the board of directors. Pursuant to a lock-up agreement entered into on December 22, 2014, HIP agreed that during the twelve (12) months from the closing date, in the case of HIP’s stock consideration, or during the twelve (12) months from the date any shares are issued to HIP pursuant to the Trademark License Agreement (defined below) (collectively, the “Lock-up Shares”), HIP may not, subject to certain exceptions, offer, sell, pledge, hypothecate, grant an option for sale or otherwise dispose of, or transfer or grant any rights with respect to, any of the Lock-Up Shares. HIP’s designee entered into a similar lock-up agreement with respect to the warrants. The Company has agreed to file a registration statement covering the Lock-Up Shares and the warrants and use commercially reasonable efforts to cause the registration statement to become effective within sixty (60) days after the expiration of the initial twelve (12) month lock-up period and remain effective for specified time periods. Concurrent with the acquisition of the H Halston Brands, the Company entered into (i) a license agreement with QVC that provides for a royalty to be paid to the Company by QVC based on net sales of products under the H Halston Brands (the “QVC Halston Agreement”), and (ii) a license with HIP (the “Trademark License Agreement”) that will sub-license, manufacture, distribute, promote, advertise and sell products bearing the H Halston trademark and any related services thereto in all channels of distribution, excluding direct-response television and its related e-commerce and digital distribution, and excluding certain mass retailers. The license with HIP provides for minimum royalties payable to the Company. The initial term of the Trademark License Agreement expires on December 31, 2019 600,000 1,200,000 In the event HIP exercises the early termination right, H Licensing shall pay HIP a participation fee for each of the three following years in an amount not to exceed $4,000,000 ($5,000,000 if H Licensing distributes, or otherwise enters into any agreements for the distribution of products bearing the H Halston trademark in China). 8.00 As more fully described in Note 8, concurrent with the acquisition of the H Halston Brands, H Licensing entered into a $ 10 Allocated to: Trademarks $ 27,562,000 Non-compete agreement 562,000 Total acquisition price $ 28,124,000 Trademarks have been determined by management to have an indefinite useful life and accordingly, no amortization is recorded in the Company’s consolidated statements of operations. The non-compete agreement is amortized on a straight-line basis over its expected useful life of seven years. 28.1 0.49 Cash paid $ 18,023,000 Fair value of Common Stock issued (1,000,000 shares) 9,000,000 Fair value of warrants to purchase 750,000 shares of Common Stock (see Note 9) 611,000 Direct transaction expenses 490,000 Total consideration $ 28,124,000

Acquisition of Judith Ripka Tra

Acquisition of Judith Ripka Trademarks	12 Months Ended
	Dec. 31, 2015
Judith Ripka Trademarks [Member]
Assets Acquisition [Line Items]
Asset Acquisition [Text Block]	5. Acquisition of Judith Ripka Trademarks On April 3, 2014, JR Licensing entered into an asset purchase agreement dated April 1, 2014 (the “JR Purchase Agreement”) with Judith Ripka Berk (“Ms. Ripka”), an individual, and certain companies owned by Ms. Ripka including Judith Ripka Creations (collectively “Ripka”), pursuant to which JR Licensing purchased from Ripka, the Ripka Brand, including the Judith Ripka and Judith Ripka Sterling trademarks and other intellectual property rights. On April 3, 2014, the closing date of the acquisition, the Company paid Ripka $ 12.0 6.0 571,429 1.0 1.2 0.9 1.3 5 Concurrent with the acquisition of the Ripka Brand, the Company entered into (i) a license agreement with QVC that provides for a royalty to be paid to the Company by QVC based on net sales of products under the Ripka Brand (the “QVC Ripka Agreement”), and (ii) a license with an affiliate of Ripka that will design, source, market, and promote products under the Ripka Brand to wholesale accounts through an e-commerce site, which the Company will operate, and through Ripka owned retail stores (the “Wholesale Business”). The license with the Ripka affiliate provides for a royalty payable to the Company based on its wholesale sale of products under the Ripka Brand. The Company issued to QVC a warrant (the “QVC Warrant”) to purchase a number of shares of the Company’s Common Stock equal to (i) 4.75 571,429 001 Concurrent with the acquisition of the Ripka Brand, JR Licensing entered into a $ 9 On April 1, 2014, the Company entered into a three-year employment agreement with Ms. Ripka pursuant to which she serves as the Chief Design Officer of the Ripka Brand and performs duties and obligations under agreements with the Company’s licensees or any other third party. Thereafter, the agreement will renew automatically for one-year periods, unless either party gives written notice of intent to terminate at least 30 days prior to such termination. Ms. Ripka’s base salary is $ 750,000 114,000 1,000 Ms. Ripka is also eligible to receive an annual cash bonus for each calendar year during the term of her employment (or any partial fiscal year during the term) equal to 10 6 4,000 16,000 The Ripka Brand acquisition was accounted for as an asset purchase. Allocated to: Trademarks $ 24,600,000 Copyrights and other intellectual property 190,000 Total acquisition price $ 24,790,000 Trademarks have been determined by management to have an indefinite useful life and accordingly, no amortization is recorded in the Company’s consolidated statements of operations. Copyrights and other intellectual property are amortized on a straight-line basis over their expected useful lives of ten years. The following represents the aggregate purchase price of $ 24.8 0.39 Cash paid $ 11,975,000 Installment payment due February 23, 2015 1,000,000 Installment payment due April 1, 2015 1,190,000 Ripka Seller Notes (at fair value, see Note 8) 4,165,000 Fair value of Common Stock issued (571,429 shares) 2,286,000 Ripka Earn-Out obligation (at fair value, see Note 8) 3,784,000 Direct transaction expenses 390,000 Total consideration $ 24,790,000

Trademarks, Goodwill and Other

Trademarks, Goodwill and Other Intangibles	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	6. Trademarks, Goodwill and Other Intangibles Trademarks, and other intangibles, net consist of the following: December 31, 2015 2014 Trademarks $ 112,113,000 $ 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, trademarks, licensing and non-compete agreements (2,542,000) (1,735,000) Net carrying amount $ 112,323,000 $ 97,679,000 Amortization Year Ending December 31, Expense 2016 $ 1,128,000 2017 1,128,000 2018 1,128,000 2019 1,128,000 2020 1,128,000 Thereafter 10,007,000 Total $ 15,647,000 Amortization expense for intangible assets for the years ended December 31, 2015 and 2014 was $ 807,000 543,000 The Company has $ 12.4

Significant Contracts

Significant Contracts	12 Months Ended
	Dec. 31, 2015
Significant Contracts [Abstract]
Significant Contracts [Text Block]	7. Significant Contracts QVC Agreements Through its wholly owned subsidiaries, the Company has entered into direct-to-retail license agreements with QVC, pursuant to which the Company designs, and QVC sources and sells, various products under the IsaacMizrahiLIVE brand, the Judith Ripka brands, the H by Halston brand, and the C Wonder brand. These agreements include, respectively, the IM QVC Agreement, the Ripka QVC Agreement, the H QVC Agreement, and the C Wonder QVC Agreement (collectively, the “QVC Agreements”). QVC owns the rights to all designs produced under the QVC Agreements, and the QVC Agreements include the sale of products across various categories through QVC’s television media and related internet sites. Pursuant to the agreements, the Company has granted to QVC and its affiliates the exclusive, worldwide right to promote the Company’s branded products, and the right to use and publish the related trademarks, service marks, copyrights, designs, logos, and other intellectual property rights owned, used, licensed and/or developed by us, for varying terms as set forth below. Current Term Automatic Xcel Commenced Agreement Expiry Renewal Brand with QVC QVC Product Launch IM QVC Agreement September 30, 2020 one year period September 2011 2010 Ripka QVC Agreement March 31, 2019 one year period April 2014 1999 H QVC Agreement December 31, 2019 three year period January 2015 September 2015 C Wonder QVC Agreement January 1, 2021 three year period August 2015 March 2016 In connection with the forgoing and during the same periods, QVC and its subsidiaries have the exclusive, worldwide right to use the names, likenesses, images, voices, and performances of the Company’s spokespersons to promote the respective products. Under the IM QVC Agreement, IM Brands has also granted to QVC and its affiliates, during the same period, exclusive, worldwide rights to promote third party vendor co-branded products that, in addition to bearing and being marketed in connection with the trademarks and logos of such third party vendors, also bear or are marketed in connection with the IsaacMizrahiLIVE trademark and related logo. Under the QVC Agreements, QVC is obligated to make royalty payments to the Company on a quarterly basis, based upon the net retail sales of the specified respective branded products. Net retail sales are defined as the aggregate amount of all revenue generated through the sale of the specified respective branded products by QVC and its subsidiaries under the QVC Agreements, excluding freight, shipping and handling charges, customer returns, and sales, use or other taxes. Also under the QVC Agreements, the Company will pay a royalty participation fee to QVC on revenue earned from the sale, license, consignment, or any other form of distribution of any products, bearing, marketed in connection with or otherwise associated with the specified respective trademarks and brands. Under the Company’s QVC Agreements, QVC is required to pay the Company fees based primarily on a percentage of its net sales of Isaac Mizrahi, Ripka, H Halston, and C Wonder branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. In addition, QVC pays the company design fees related to the LCNY brand. Pursuant to an agreement with Kate Spade Company (“KSC”), formerly Fifth & Pacific Companies, Inc. and formerly Liz Claiborne, Inc. (the “LCNY Agreement”), we provide certain design services related to the LCNY brand, which is sold exclusively through QVC. Revenues from QVC, including fees related to LCNY brand, totaled $ 22.21 16.43 80 79 6.40 2.36 84 65 1.18

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	8. Debt December 31, 2015 2014 IM Term Loan (i) $ 11,375,000 $ 12,750,000 JR Term Loan (i) 7,875,000 9,000,000 H Term Loan (i) 10,000,000 10,000,000 Net unamortized deferred finance costs related to term loans (ii) (493,000) (624,000) IM Seller Note 4,918,000 5,366,000 Ripka Seller Notes 469,000 4,398,000 Contingent obligation - IM Seller 250,000 5,766,000 Contingent obligation - JR Seller 3,784,000 3,784,000 Contingent obligation - CW Seller 2,850,000 - Total 41,028,000 50,440,000 Current portion (iii), (iv) 9,168,000 11,416,000 Long-term debt $ 31,860,000 $ 39,024,000 (i) Term loans outstanding as of December 31, 2015 were refinanced in February 2016, as described below. (ii) See Note 2, Summary of Significant Accounting Policies, Recent Accounting Pronouncements. (iii) $ 4.918 (iv) The current portion of long-term debt presented on the consolidated balance sheet at December 31, 2015 includes $ 4.000 1.375 2.625 Term Loans On August 1, 2013, IM Brands, LLC (“IM Brands”) entered into a $ 13 five year term loan 4.44 On April 3, 2014, JR Licensing, LLC (“JR Licensing”) entered into a $ 9 five year term loan On December 22, 2014, H Licensing, LLC (“H Licensing”) entered into a $ 10 five year term loan LIBOR plus 3.50% or Prime rate plus 0.50% 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. As of December 31, 2015, the Company was in full compliance with all such covenants. Scheduled quarterly principal payments of $ 625,000 375,000 375,000 On February 26, 2016, Xcel and its wholly owned subsidiaries, IM Brands, JR Licensing, H Licensing, C Wonder Licensing, LLC, Xcel Design Group, LLC, IMNY Retail Management, LLC, and IMNY E-Store, USA, LLC (each a “Guarantor” and collectively, the “Guarantors”), as Guarantors, entered into an Amended and Restated Loan and Security Agreement (the “Loan Agreement”) with BHI, as agent (the “Agent”), and the financial institutions party thereto as lenders (the “Lenders”). The Loan Agreement amended and restated the IM Term Loan, the JR Term Loan, and the H Term Loan. Pursuant to the Loan Agreement, Xcel assumed the obligations of each of IM Brands, JR Licensing, and H Licensing under the applicable Existing Line Letters in the aggregate principal amount of $ 27,875,000 Amount of Principal Year Ending December 31, Payment 2016(i) $ 2,625,000 2017 4,000,000 2018 4,000,000 2019 4,000,000 2020 4,000,000 2021 9,250,000 Total $ 27,875,000 (i) Does not include $ 1.375 Under the Loan Agreement, the Company has the right to prepay the Xcel Term Loan, provided that any prepayment of less than all of the outstanding balance shall be applied to the remaining amounts due in inverse order of maturity. If the Xcel Term Loan is prepaid on or prior to the third anniversary of the closing date (including as a result of an event of default), the Company shall pay an early termination fee as follows: an amount equal to the principal amount outstanding under the Term Loan on the date of prepayment, multiplied by: (i) two percent (2.00%) if the Xcel Term Loan is prepaid on or after the closing date and on or before the second anniversary of the closing date; (ii) one percent (1.00%) if the Xcel Term Loan is prepaid after the second anniversary of the closing date and on or before the third anniversary of the closing date; or (iii) zero percent (0.00%), if the Xcel Term Loan is prepaid after the third anniversary of the closing date. Commencing with the fiscal year ending December 31, 2017, the Company is required to repay a portion of the Xcel Term Loan in an amount equal to 10% of the excess cash flow for the fiscal year; provided that no early termination fee shall be payable with respect to any such payment. Excess cash flow means, for any period, cash flow from operations (before certain permitted distributions) less (i) capital expenditures not made through the incurrence of indebtedness, (ii) all cash interest and principal and taxes paid or payable during such period, and (iii) all dividends declared and paid during such period to equity holders of any credit party treated as a disregarded entity for tax purposes. Xcel’s obligations under the Loan Agreement are guaranteed by the Guarantors and secured by all of the assets of Xcel and the Guarantors (as well as any subsidiary formed or acquired that becomes a credit party to the Loan Agreement) and, subject to certain limitations contained in the Loan Agreement, equity interests of the Guarantors (as well as any subsidiary formed or acquired that becomes a credit party to the Loan Agreement). Interest on the Xcel Term Loan accrues at a fixed rate of 5.1 The Loan Agreement contains customary covenants, including reporting requirements, trademark preservation, and the following financial covenants of the Company (on a consolidated basis with the Guarantors and any subsidiaries subsequently formed or acquired that become a credit party under the Loan Agreement): · net worth of at least $ 90,000,000 · liquid assets of at least $ 5,000,000 3,000,000 · a fixed charge ratio of at least 1.20 1.00 · capital expenditures shall not exceed (i) $ 2,650,000 700,000 · EBITDA (as defined in the Loan Agreement) of at least $ 7,500,000 9,500,000 9,000,000 The Company was in compliance with all of these covenants as of December 31, 2015. 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, (3) provide 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 Payment Date Amount January 31, 2016 (i) $ 750,000 September 30, 2016 (ii) $ 4,377,000 (i) Paid in cash in January 2016. (ii) Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval. For the Current Year and Prior Year, the Company incurred interest expense of $ 315,000 342,000 301,000 321,000 4,918,000 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 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 75,000 600,000 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 2,400,000 2.4 1.79 0.61 On April 21, 2015, the Company satisfied an additional $ 3 333,334 3 2.24 0.76 For the Current Year and Prior Year, the Company incurred interest expense of $ 105,000 233,000 469,000 4,398,000 Contingent Obligations IM Earn-Out Obligation IM Ready was eligible to earn additional shares of Common Stock with a value of up to $ 7.5 315,000 During the Current Year, the Company recorded a $ 3.0 7.5 The IM Earn-Out Value was payable solely in stock. In accordance with ASC Topic 480, “Distinguishing Liabilities from Equity” (“ASC Topic 480”), the IM Earn-Out Obligation was treated as a liability in the accompanying condensed consolidated balance sheets because of the variable number of shares payable under the agreement. The IM Earn-Out Obligation was recorded as the current portion of long-term debt in the amount of $ 3.0 QVC Earn-Out The Company was obligated to pay IM Ready $ 2.76 2.5 4.50 2.5 290,473 2.51 0.25 The QVC Earn-Out of $ 0.25 2.76 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 C Wonder Earn-Out In connection with the purchase of the C Wonder Brand, the Company agreed to pay the Seller additional consideration (the “C Wonder Earn-Out”), which would be payable, if at all, in cash or shares of common stock of the Company, at the Company’s sole discretion, after June 30, 2019, with a value based on the royalties related directly to the assets the Company acquired pursuant to the Purchase Agreement. The value of the earn-out shall be calculated as the positive amount, if any, of (i) two times (A) the maximum net royalties as calculated for any single twelve month period commencing on July 1 and ending on June 30 between the closing date and June 30, 2019 (each, a “Royalty Target Year”) less (B) $4,000,000, plus (ii) two times the maximum royalty determined based on a percentage of retail and wholesale sales of C Wonder branded products by the Company as calculated for any single Royalty Target Year. The C Wonder Earn-Out of $ 2.85 As of December 31, 2015 and 2014, total contingent obligations were $ 6.9 9.6

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2015
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	9. Stockholders’ Equity Effective November 6, 2014, the Company amended its Certificate of Incorporation to increase the total number of authorized shares of capital stock which the Company shall have authority to issue from 26,000,000 25,000,000 1,000,000 36,000,000 35,000,000 1,000,000 2014 Private Offering of Equity Securities On December 22, 2014, in a private offering to accredited investors, the Company issued and sold an aggregate of 1,086,667 9.00 9,780,000 474,600 486,000 9,294,000 Public Equity Offering On August 5, 2015, the Company consummated an underwritten public offering of 1,800,000 9.00 16,200,000 2,011,000 270,000 213,128 1,918,000 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 provide 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 On January 1, 2014, the Company granted options to purchase an aggregate of 50,000 5.00 50 On May 15, 2014, the Company granted options to purchase an aggregate of 50,000 7.50 50 On July 1, 2014, the Company granted options to purchase an aggregate of 35,000 7.50 50 On December 1, 2014, the Company granted options to purchase an aggregate of 10,000 8.00 50 There were no options granted during 2015. Year Ended December 31, 2015 2014 Expected Volatility N/A 24-29 % Expected Dividend Yield N/A 0 % Expected Life (Term) N/A 2.5 years Risk-Free Interest Rate N/A 0.58 - 0.70 % The options that the Company granted under the Plan expire at various times, either five, seven or ten years from the date of grant, depending on the particular grant. Weighted Average Weighted Remaining Average Contractual Aggregate Number of Exercise Life Intrinsic Options Price (in Years) Value Outstanding at January 1, 2015 404,000 $ 6.67 2.89 $ 1,472,000 Granted - - - - Canceled - - - - Exercised (20,250) (3.57) - - Expired/Forfeited (4,250) (3.35) - - Outstanding and expected to vest at December 31, 2015 379,500 $ 5.50 1.71 $ 1,174,000 Exercisable at December 31, 2015 332,000 $ 5.18 1.46 $ 1,126,000 Compensation expense related to stock option grants for the Current Year and Prior Year was $ 66,000 51,000 34,000 0.55 Weighted Average Number of Grant Date Options Fair Value Balance at January 1, 2015 95,000 $ 1.43 Granted - - Vested (47,500) (1.43) Forfeited or Canceled - - Balance at December 31, 2015 47,500 $ 1.43 Warrants Warrants granted by the Company expire at various times, either five, seven or ten years from the date of grant, depending on the particular grant. As of December 31, 2015 and 2014, there were 2,219,543 6.07 3.23 4.23 3,168,000 6,497,000 The Company did not grant any warrants to purchase shares of Common Stock during the Current Year or Prior Year. No compensation expense was recorded in the Current Year or Prior Year 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 595,692 8.99 Canceled - - Vested (265,430) 8.05 Expired/Forfeited (8,187) 6.85 Outstanding and expected to vest at December 31, 2015 3,530,485 $ 4.95 On January 1, 2014, the Company issued to a member of management and a key employee an aggregate of 825,000 550,000 275,000 2,500 89,500 550,000 92,000 91,000 1,250 On April 1, 2014, the Company issued to non-management directors 50,000 50 50 On May 15, 2014, the Company issued to certain executives and employees 557,475 50 50 On July 15, 2014, the Company issued to one of its directors 25,000 50 50 On October 1, 2014, the Company issued to a non-executive employee 15,000 50 50 On January 1, 2015, the Company issued to a non-executive employee 25,000 50 50 On January 6, 2015, the Company issued non-executive employees 18,167 On April 1, 2015, the Company issued to non-management directors 50,000 50 50 On May 19 , 417,500 50 On June 3, 2015, the Company issued a non-management director 75,000 33.33 On July 1, 2015, the Company issued employees 8,000 50 50 On November 30, 2015, the Company issued an employee 2,025 Compensation expense related to restricted stock grants for the Current Year and Prior Year was $ 4,574,000 5,100,000 4,511,000 1.25 Number of Shares Purchased as Total Part of Number Actual Publically Fair value of of Shares Price Paid Announced Re-Purchased Date Purchased per Share Plan Shares March 28, 2014 (i) 15,750 $ 4.00 - $ 63,000 September 30, 2014 (i) 26,250 7.83 - 205,000 December 1, 2014 (i) 88,725 8.00 - 710,000 Total 2014 130,725 $ 7.49 - $ 978,000 September 30, 2015 (i) 82,825 $ 8.59 - $ 711,000 December 17, 2015 (ii) 5,000 7.25 - 36,000 Total 2015 87,825 $ 8.51 - $ 747,000 All of the shares of restricted stock in the preceding table were originally granted to employees and directors as restricted stock pursuant to the Plan. (i) The shares repurchased were acquired from employees and directors in connection with the settlement of income tax withholding obligations on behalf of such employees and directors from the vesting of restricted stock. (ii) See Note 14, Related Party Party Transactions. Shares Available Under the Company’s 2011 Equity Incentive Plan At December 31, 2015, there were 3,192,828 Shares Reserved for Issuance At December 31, 2015, there were 5,791,871 Dividends The Company has not paid any dividends to date.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	10. Earnings Per Share Shares used in calculating basic and diluted net income (loss) per share are as follows: Year Ended December 31, 2015 2014 Basic 16,151,163 11,698,880 Effect of exercise of warrants 946,902 971,873 Effect of exercise of stock options 125,175 145,921 Diluted 17,223,240 12,816,674 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: Year Ended December 31, 2015 2014 Stock options and warrants 750,000 20,548

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	11. Commitments and Contingencies Leases The Company leases office space under an operating lease agreement related to the Company’s main headquarters located in New York City, which lease expires in 2022. Additionally, 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 29,600 117,032 fixed rent shall increase upon the five 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 Lease Year Ending December 31, Payments 2016 $ 967,000 2017 1,605,000 2018 2,311,000 2019 2,393,000 2020 2,423,000 Thereafter 11,811,000 Total future noncancelable minimum lease payments $ 21,510,000 The lease for the Company’s corporate headquarters requires the Company to pay additional rents by way of increases in the base taxes and other costs on the property. Total rent expense was $ 919,000 753,000 Employment Agreements Employment Contract Year Ending December 31, Payments 2016 $ 4,425,000 2017 1,751,000 Thereafter 2,810,000 Total future minimum employment contract payments $ 8,986,000 In addition to the employment contract payments stated above, the Company’s employment contracts with certain executives and key employees contain performance based bonus provisions. These provisions include bonuses based on the Company achieving revenues in excess of established targets and/or on operating results. Certain of the employment agreements contain severance and/or change in control provisions. Aggregate potential severance compensation amounted to approximately $ 12.4

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	12. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax basis of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amount expected to be realized. In determining the need for a valuation allowance, management reviews both positive and negative evidence pursuant to the requirements of ASC Topic 740, including current and historical results of operations, future income projections and the overall prospects of the Company's business. Year Ended December 31, 2015 2014 Current: Federal $ 637,000 $ 1,108,000 State and local 219,000 333,000 Total current 856,000 1,441,000 Deferred: Federal (611,000) (1,343,000) State and local (89,000) (195,000) Total deferred (700,000) (1,538,000) Total provision (benefit) $ 156,000 $ (97,000) Year Ended December 31, 2015 2014 U.S. statutory Federal rate 34.00 % (34.00) % State and local rate, net of Federal tax 1.92 81.71 Gain on reduction of contingent obligation (33.98) (385.97) Excess compensation deduction 0.00 100.46 Foreign tax credits 0.58 (99.26) Life insurance 2.10 101.67 Other permanent differences 0.61 51.87 Income tax provision (benefit) 5.23 % (183.52) % December 31, 2015 2014 Deferred tax assets Property and equipment $ 341,000 $ 204,000 Stock-based compensation 6,146,000 4,625,000 Accrued compensation and other accrued expenses 708,000 548,000 Basis difference arising from discounted note payable 546,000 - Other 25,000 85,000 Total deferred tax assets $ 7,766,000 $ 5,462,000 Deferred tax liabilities Basis difference arising from discounted note payable $ - $ (648,000) Basis difference arising from intangible assets of acquisition (14,515,000) (12,263,000) Total deferred tax liabilities (14,515,000) (12,911,000) Net deferred tax liabilities $ (6,749,000) $ (7,449,000) At December 31, 2015 and 2014 the Company has no U.S. Federal and state and local net operating loss carryforwards that may be applied against future taxable income. During the Current Year and Prior Year, the Company recorded a $ 3.0 0.6 As of December 31, 2015 and 2014, management does not believe the Company has any material uncertain tax positions that would require it to measure and reflect the potential lack of sustainability of a position on audit in its consolidated financial statements. The Company will continue to evaluate its uncertain tax positions in future periods to determine if measurement and recognition in its consolidated financial statements is necessary. The Company does not believe there will be any material changes in its unrecognized tax positions over the next year.

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	13. Discontinued Operations Discontinued operations as of December 31, 2015 and 2014 represent 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 our licensing business. Results of discontinued operations: Year Ended December 31, 2015 2014 Net sales $ 287,000 $ 560,000 Cost of sales (221,000) (470,000) Operating expenses (268,000) (1,046,000) Depreciation and amortization - (85,000) Loss from disposal of discontinued operations (273,000) (739,000) Income tax benefit 203,000 704,000 Loss from discontinued operations, net $ (272,000) $ (1,076,000) Loss per share from discontinued operations, net: Basic $ (0.02) $ (0.09) Diluted $ (0.02) $ (0.08) Weighted average shares outstanding: Basic 16,151,163 11,698,880 Diluted 17,223,240 12,816,674 Assets and liabilities of discontinued operations: December 31, 2015 2014 Inventory $ - $ 214,000 Prepaid expenses and other current assets 8,000 63,000 Deferred tax asset - 226,000 Total current assets $ 8,000 $ 503,000 Property and equipment, net $ - $ 112,000 Other long-term assets - 11,000 Total long-term assets $ - $ 123,000 Accounts payable and accrued expenses $ 60,000 $ 157,000 Other current liabilities - 61,000 Total liabilities $ 60,000 $ 218,000

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	14. 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 Year and the Prior Year of $ 32,000 85,000 On December 22, 2014, the Company entered into an agreement with Young America, pursuant to which the Company agreed to pay Young America a cash payment of 7 3,000,000 474,600 439,005 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 $ 14,000 25,000 The Company issued AD warrants to purchase 12,500 5.00 0.5 5.00 1.0 25,000 2.0 August 2, 2016 0.5 1.0 12,500 12,500 2,500 1,000 Jones Texas, Inc . On May 14, 2015, and amended on June 24, 2015, the Company entered into a consulting agreement with Jones Texas, Inc., ("JT Inc.") whose controlling shareholder is Edward Jones, a Director of the Company. The agreement provides for fees payable to JT Inc. up to $ 75,000 Benjamin Malka Concurrent with the acquisition of the H Halston Brand on December 22, 2014, we entered into a license agreement with HIP. Benjamin Malka, a director of the Company, is a 25 December 31, 2019 On September 1, 2015 we entered into a license agreement with Lord and Taylor, LLC (the “L&T License”) and simultaneously amended the H Halston License Agreement eliminating HIP’s minimum guaranteed royalty obligations, provided the L&T License is in effect. In addition, we entered into a sublicense agreement with HIP obligating us to pay HIP a royalty participation fee on an annual basis the greater of (i) 50% of royalties received under the L&T License or (ii) guaranteed minimum royalties. Guaranteed minimum royalties are equal to $ 0.25 0.75 0.75 1.5 1.75 The Company incurred a $ 59,000 Marisa Gardini In accordance with the terms and conditions of the C Wonder Purchase Agreement, the Company paid Marisa Gardini, a former Director of the Company, a $ 240,000 James Haran On December 16, 2015, the Company purchased 5,000 7.25

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	15. Subsequent Events On February 26, 2016, the Company amended the terms of certain debt obligations by entering into an Amended and Restated Loan and Security Agreement with the Company’s senior lender, Bank Hapoalim B.M. As a result of this refinancing, the current and non-current portions of long-term debt have been adjusted accordingly in the December 31, 2015 consolidated balance sheet. Refer to Note 8, Debt for additional information.

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of Xcel and its wholly owned subsidiaries as of and for the years ended December 31, 2015 (the “Current Year”) and December 31, 2014 (the “Prior Year”). The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and in accordance with the accounting rules under Regulation S-X, as promulgated by the Securities and Exchange Commission (the “SEC”). All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.
Discontinued Operations, Policy [Policy Text Block]	Discontinued Operations The Company accounted for its decision to close down its retail operations as discontinued operations in accordance with the guidance provided in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 360, “Accounting for Impairment or Disposal of Long-Lived Assets,” and ASC Topic 205, “Presentation of Financial Statements,” which require that only a disposal of a component of an entity, or a group of components of an entity, that represents a strategic shift that has, or will have, a major effect on the reporting entity’s operations and financial results shall be reported in the financial statements as discontinued operations. In the period a discontinued operation is classified as held for sale, the results of operations for the periods presented are reclassified into separate line items in the statements of operations. Assets and liabilities are also reclassified into separate line items on the related balance sheets for the periods presented. The statements of cash flows for the periods presented are also reclassified to reflect the results of discontinued operations as separate line items.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less to be cash equivalents.
Receivables, Policy [Policy Text Block]	Accounts Receivable Accounts receivable are reported net of the allowance for doubtful accounts. Allowance for doubtful accounts is based on the Company’s ongoing discussions with its licensees and its evaluation of each licensee’s payment history and account aging. As of December 31, 2015 and 2014, the Company had $ 7,594,000 3,641,000 20,000 41,000 1,531,000 110,000
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Furniture, equipment and software are stated at cost less accumulated depreciation and amortization, and are depreciated using the straight-line method over their estimated useful lives, generally three (3) to seven (7) years. Leasehold improvements are amortized over the shorter of their estimated useful lives or the terms of the leases. Betterments and improvements are capitalized, while repairs and maintenance are expensed as incurred.
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Trademarks, Goodwill and Other Intangible Assets The Company follows FASB ASC Topic 350, “Intangibles - Goodwill and Other.” Under this standard, goodwill and indefinite lived intangible assets are not amortized, but are required to be assessed for impairment at least annually and when events occur or circumstances change that would more likely than not reduce the fair value of the Company below its carrying amount. The Company annually has the option to first assess qualitatively whether it is more likely than not that there is an impairment. Should the results of this assessment result in either an ambiguous or unfavorable conclusion, the Company will perform additional quantitative testing. Quantitative testing is performed using a two-step approach. The first step compares estimated fair value with carrying value. If the estimated fair value exceeds the carrying value, then goodwill is considered not impaired. If the carrying value exceeds the estimated fair value, then a second step is performed to determine the implied fair value of goodwill. If the carrying value of goodwill exceeds its implied fair value, then an impairment charge equal to the difference is recorded. This requires the Company’s management to make certain assumptions and estimates regarding certain industry trends and future revenues of the Company. The Company performed its annual qualitative analysis of goodwill and performed a qualitative analysis of intangible assets at December 31, 2015, and determined that these assets were not impaired. The Company’s definite lived intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that their carrying value may not be recoverable. An impairment loss is recognized if the carrying amount of a definite lived intangible asset is not recoverable and its carrying amount exceeds its fair value. No such impairments were indicated or recorded for the years ended December 31, 2015 and 2014. The Company’s definite lived intangible assets are amortized over their estimated useful lives of four (4) to fifteen (15) years.
Deferred Finance Costs [Policy Text Block]	Deferred Finance Costs The Company incurred costs (primarily professional fees and lender underwriting fees) in connection with borrowings under the senior secured term loans. These costs have been deferred on the balance sheet as a reduction to the carrying value of the associated borrowings, and are amortized as interest expense using the straight-line method over the term of the related debt, which does not differ materially from the effective interest method.
Contingent Obligation, Policy [Policy Text Block]	Contingent Obligations Management analyzes and quantifies the expected contingent obligations (expected earn-out payments) over the applicable pay-out period. Management assesses no less frequently than each reporting period the status of contingent obligations and any expected changes in the fair market value of such contingent obligations. Any change in the expected obligation will result in expense or income recognized in the period in which it is determined that the fair value has changed. Contingent obligations have been reduced by $ 3.0 0.6
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition Licensing revenue is generated from licenses and is based on reported sales of licensed products bearing the Company’s trademarks, at royalty rates specified in the license agreements. These agreements are also subject to contractual minimum levels. Design and service fees are recorded and recognized in accordance with the terms and conditions of each service contract, which require the Company to meet its obligations and provide the relevant services under each contract. Guaranteed minimum royalty payments are recognized on a straight-line basis over the term of each contract year as defined in each license agreement. Royalties exceeding the guaranteed minimum royalty payments are recognized as income during the period corresponding with the licensee’s sales. Advanced royalty payments are recorded as deferred revenue at the time payment is received and recognized as revenue as earned. Revenue is not recognized unless collectability is reasonably assured.
Advertising Costs, Policy [Policy Text Block]	Advertising Costs All costs associated with production for the Company’s advertising campaigns are expensed during the periods when the activities take place. All other advertising costs, such as print and online media, are expensed when the advertisement occurs. The Company incurred no advertising costs for the Current Year and Prior Year.
Lease, Policy [Policy Text Block]	Operating Leases Total rental payments under operating leases that include scheduled payment increases and rent holidays are amortized on a straight-line basis over the term of the lease. Landlord allowances are amortized by the straight-line method over the term of the lease as a reduction of rent expense.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC Topic 718, “Compensation - Stock Compensation,” by recognizing the fair value of stock-based compensation as an operating expense over the service period of the award or term of the corresponding contract, as applicable. Stock option awards are valued using a Black-Scholes option pricing model, which requires the input of subjective assumptions including expected stock price volatility and the estimated life of each award. In addition, the calculation of periodic compensation cost requires that the Company estimate the number of awards that will be forfeited during the vesting period. Restricted stock awards are valued using the fair value of our stock at the date of grant.
Income Tax, Policy [Policy Text Block]	Income Taxes Current income taxes are based on the respective period’s taxable income for federal and state income tax reporting purposes. Deferred tax liabilities and assets are determined based on the difference between the financial statement and income tax bases of assets and liabilities, using enacted tax rates in effect for the year in which the differences are expected to reverse. A valuation allowance is required if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company applies the FASB guidance on accounting for uncertainty in income taxes. The guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with other authoritative U.S. GAAP and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The guidance also addresses derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition. The Company has no unrecognized tax benefits as of December 31, 2015 and 2014. Interest and penalties related to uncertain tax positions, if any, are recorded in income tax expense.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable and accrued expenses and other current liabilities, the carrying amounts approximate fair value due to the short-term maturities of these instruments. The carrying value of the Company’s IM Term Loan (as defined in Note 8) approximates fair value because the fixed interest rate approximates current market rate and in the instances it does not, the impact on the time value is not material. When debt interest rates are below market rates, the Company considers the discounted value of the difference of actual interest rates and its internal borrowing against the scheduled debt payments. The carrying values of the Company’s JR Term Loan and H Term Loan (as defined in Note 8) approximate fair value because the variable interest rates approximate current market rates.
Fair Value Measurement, Policy [Policy Text Block]	ASC 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”), defines fair value, establishes a framework for measuring fair value under U.S. GAAP and provides for expanded disclosure about fair value measurements. ASC 820-10 applies to all other accounting pronouncements that require or permit fair value measurements. The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of the Company’s assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The Company had contingent obligations that were required to be measured at fair value on a recurring basis. The Company’s contingent obligations were measured using inputs from Level 3 of the fair value hierarchy, which states: Level 3 - unobservable inputs that reflect management’s assumptions that market participants would use in pricing assets or liabilities based on the best information available. The Company’s earn-out obligation (see Note 8) was based upon certain projected net royalty revenues as defined in the terms and conditions of the acquisition of the Isaac Mizrahi Brand. As of September 30, 2015 net royalty revenue associated with Isaac Mizrahi Brand earn-out obligation was determinable, and adjusted accordingly. The $ 250,000 December 31, 2015 2014 Balance at beginning of year $ 5,766,000 $ 6,366,000 Gain on reduction of contingent obligation (3,000,000) (600,000) Payment of contingent obligation (2,516,000) - Balance at end of year $ 250,000 $ 5,766,000 In addition to the Company’s contingent obligations measured at fair value on a recurring basis under ASC 820-10, we also recognized a contingent obligation in connection with the acquisition of Judith Ripka Trademarks in the Prior Year. ASC 805-50-30 requires that, when accounting for asset acquisitions, when the fair value of the assets acquired is greater than the consideration paid, any contingent obligations shall be recognized and recorded as the positive difference between the fair value of the assets acquired and the consideration paid for the acquired assets. In addition, we also recognized a contingent obligation in connection with our acquisition of the C Wonder Trademarks. ASC 805-50-30 requires that when the fair value of the assets acquired are equal to the consideration paid, any contingent obligations shall be recognized based upon the Company's best estimate of the amount that will be paid to settle the liability. See Notes 3, 5 and 8.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents and accounts receivable. The Company limits its credit risk with respect to cash by maintaining cash balances with high quality financial institutions. At times, the Company’s cash and cash equivalents may exceed federally insured limits. Concentrations of credit risk with respect to accounts receivable are minimal due to the collection history and due to the nature of the Company’s royalty revenues. Generally, the Company does not require collateral or other security to support accounts receivables.
Earnings Per Share, Policy [Policy Text Block]	Earnings Per Share Basic earnings (loss) per share is computed by dividing net income from continuing operations, loss on discontinued operations and net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted earnings per share reflect, in periods in which they have a dilutive effect, the effect of common shares issuable upon the exercise of stock options and warrants using the treasury stock method. The difference between basic and diluted weighted-average common shares results from the assumption that all dilutive stock options, warrants, and restricted stock outstanding were exercised into Common Stock if the effect is not anti-dilutive.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In May 2014, the FASB issued 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 current 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, will require greater use of judgment and estimates than under the current guidance. In August 2015, the FASB delayed the effective date of this standard by one year, such that the guidance is now effective for fiscal years beginning after December 15, 2017 and interim periods therein. Early adoption is permitted as of the original effective date, December 15, 2016. 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 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 the related debt liability, consistent with debt discounts or premiums. The Company early adopted the provisions of ASU 2015-03 during the fourth quarter of 2015 on a retrospective basis, and the adoption did not have a material impact on the Company’s consolidated financial statements. As a result of the adoption of ASU 2015-03, $ 624,000 In November 2015, the FASB issued ASU No. 2015-17, “Balance Sheet Classification of Deferred Taxes” (ASU 2015-17). ASU 2015-17 removes the reporting requirement to classify deferred income taxes between current and non-current on the balance sheet. Instead, the new accounting guidance in ASU 2015-17 will require that all deferred income taxes are reported and classified as non-current. The Company early adopted the provisions of ASU 2015-07 during the fourth quarter of 2015 on a retrospective basis, and the adoption did not have a material impact on the Company’s consolidated financial statements. As a result of the adoption of ASU 2015-17, $ 633,000 In February 2016, the FASB issued ASU No. 2016-02, “Leases” (ASU 2016-02). The core principle of ASU 2016-02 is that an entity should recognize on its balance sheet assets and liabilities arising from a lease. In accordance with that principle, ASU 2016-02 requires that a lessee recognize a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying leased asset for the lease term. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee will depend on the lease classification as a finance or operating lease. This new accounting guidance is effective for public companies for fiscal years beginning after December 15, 2018 (i.e., calendar years beginning on January 1, 2019), including interim periods within those fiscal years. Early adoption is permitted. The Company is currently evaluating the impact the adoption of ASU 2016-02 will have on the Company’s consolidated financial statements.

Summary of Significant Accoun24

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	December 31, 2015 2014 Balance at beginning of year $ 5,766,000 $ 6,366,000 Gain on reduction of contingent obligation (3,000,000) (600,000) Payment of contingent obligation (2,516,000) - Balance at end of year $ 250,000 $ 5,766,000

Acquisition of C Wonder Trade25

Acquisition of C Wonder Trademarks (Tables) - C Wonder Trademarks [Member]	12 Months Ended
	Dec. 31, 2015
Assets Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The C Wonder Brand acquisition was accounted for as an asset purchase. The aggregate purchase price has been allocated to the following assets based on the fair value of the assets on the date of acquisition: Allocated to: Trademarks $ 15,437,000 Total acquisition price $ 15,437,000
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	The following represents the aggregate purchase price of $ 15.4 0.59 Cash paid $ 3,000,000 Fair value of Common Stock issued (1,000,000 shares) 9,000,000 C Wonder Earn-Out obligation (at fair value, see Note 8) 2,850,000 Direct transaction expenses 587,000 Total consideration $ 15,437,000

Acquisition of H Halston Trad26

Acquisition of H Halston Trademarks (Tables) - H Halston Trademarks [Member]	12 Months Ended
	Dec. 31, 2015
Assets Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The H Halston Brands acquisition was accounted for as an asset purchase. Allocated to: Trademarks $ 27,562,000 Non-compete agreement 562,000 Total acquisition price $ 28,124,000
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	The following represents the aggregate purchase price of $ 28.1 0.49 Cash paid $ 18,023,000 Fair value of Common Stock issued (1,000,000 shares) 9,000,000 Fair value of warrants to purchase 750,000 shares of Common Stock (see Note 9) 611,000 Direct transaction expenses 490,000 Total consideration $ 28,124,000

Acquisition of Judith Ripka T27

Acquisition of Judith Ripka Trademarks (Tables) - Judith Ripka Trademarks [Member]	12 Months Ended
	Dec. 31, 2015
Assets Acquisition [Line Items]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The Ripka Brand acquisition was accounted for as an asset purchase. Allocated to: Trademarks $ 24,600,000 Copyrights and other intellectual property 190,000 Total acquisition price $ 24,790,000
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	The following represents the aggregate purchase price of $ 24.8 0.39 Cash paid $ 11,975,000 Installment payment due February 23, 2015 1,000,000 Installment payment due April 1, 2015 1,190,000 Ripka Seller Notes (at fair value, see Note 8) 4,165,000 Fair value of Common Stock issued (571,429 shares) 2,286,000 Ripka Earn-Out obligation (at fair value, see Note 8) 3,784,000 Direct transaction expenses 390,000 Total consideration $ 24,790,000

Trademarks, Goodwill and Othe28

Trademarks, Goodwill and Other Intangibles (Tables)	12 Months Ended
	Dec. 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: December 31, 2015 2014 Trademarks $ 112,113,000 $ 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, trademarks, licensing and non-compete agreements (2,542,000) (1,735,000) Net carrying amount $ 112,323,000 $ 97,679,000
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	The following table presents amortization expense over the remaining useful lives of the definite lived intangible assets: Amortization Year Ending December 31, Expense 2016 $ 1,128,000 2017 1,128,000 2018 1,128,000 2019 1,128,000 2020 1,128,000 Thereafter 10,007,000 Total $ 15,647,000

Significant Contracts (Tables)

Significant Contracts (Tables)	12 Months Ended
	Dec. 31, 2015
Significant Contracts [Abstract]
Schedule Of License Agreements [Table Text Block]	Current Term Automatic Xcel Commenced Agreement Expiry Renewal Brand with QVC QVC Product Launch IM QVC Agreement September 30, 2020 one year period September 2011 2010 Ripka QVC Agreement March 31, 2019 one year period April 2014 1999 H QVC Agreement December 31, 2019 three year period January 2015 September 2015 C Wonder QVC Agreement January 1, 2021 three year period August 2015 March 2016

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule Of Future Minimum Lease Payments For Non Capital Leases [Table Text Block]	Future minimum lease payments under the terms of the Company’s noncancelable operating lease agreements are as follows: Lease Year Ending December 31, Payments 2016 $ 967,000 2017 1,605,000 2018 2,311,000 2019 2,393,000 2020 2,423,000 Thereafter 11,811,000 Total future noncancelable minimum lease payments $ 21,510,000
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	The Company has contracts with certain executives and key employees. The future minimum payments under these contracts are as follows: Employment Contract Year Ending December 31, Payments 2016 $ 4,425,000 2017 1,751,000 Thereafter 2,810,000 Total future minimum employment contract payments $ 8,986,000

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended December 31, 2015 2014 Current: Federal $ 637,000 $ 1,108,000 State and local 219,000 333,000 Total current 856,000 1,441,000 Deferred: Federal (611,000) (1,343,000) State and local (89,000) (195,000) Total deferred (700,000) (1,538,000) Total provision (benefit) $ 156,000 $ (97,000)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The reconciliation of income tax computed at the Federal and state and local statutory rates to the Company’s income (loss) before taxes is as follows: Year Ended December 31, 2015 2014 U.S. statutory Federal rate 34.00 % (34.00) % State and local rate, net of Federal tax 1.92 81.71 Gain on reduction of contingent obligation (33.98) (385.97) Excess compensation deduction 0.00 100.46 Foreign tax credits 0.58 (99.26) Life insurance 2.10 101.67 Other permanent differences 0.61 51.87 Income tax provision (benefit) 5.23 % (183.52) %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	The significant components December 31, 2015 2014 Deferred tax assets Property and equipment $ 341,000 $ 204,000 Stock-based compensation 6,146,000 4,625,000 Accrued compensation and other accrued expenses 708,000 548,000 Basis difference arising from discounted note payable 546,000 - Other 25,000 85,000 Total deferred tax assets $ 7,766,000 $ 5,462,000 Deferred tax liabilities Basis difference arising from discounted note payable $ - $ (648,000) Basis difference arising from intangible assets of acquisition (14,515,000) (12,263,000) Total deferred tax liabilities (14,515,000) (12,911,000) Net deferred tax liabilities $ (6,749,000) $ (7,449,000)

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Debt [Table Text Block]	December 31, 2015 2014 IM Term Loan (i) $ 11,375,000 $ 12,750,000 JR Term Loan (i) 7,875,000 9,000,000 H Term Loan (i) 10,000,000 10,000,000 Net unamortized deferred finance costs related to term loans (ii) (493,000) (624,000) IM Seller Note 4,918,000 5,366,000 Ripka Seller Notes 469,000 4,398,000 Contingent obligation - IM Seller 250,000 5,766,000 Contingent obligation - JR Seller 3,784,000 3,784,000 Contingent obligation - CW Seller 2,850,000 - Total 41,028,000 50,440,000 Current portion (iii), (iv) 9,168,000 11,416,000 Long-term debt $ 31,860,000 $ 39,024,000 (i) Term loans outstanding as of December 31, 2015 were refinanced in February 2016, as described below. (ii) See Note 2, Summary of Significant Accounting Policies, Recent Accounting Pronouncements. (iii) $ 4.918 (iv) The current portion of long-term debt presented on the consolidated balance sheet at December 31, 2015 includes $ 4.000 1.375 2.625
Schedule of Maturities of Long-term Debt [Table Text Block]	Amount of Principal Year Ending December 31, Payment 2016(i) $ 2,625,000 2017 4,000,000 2018 4,000,000 2019 4,000,000 2020 4,000,000 2021 9,250,000 Total $ 27,875,000 (i) Does not include $ 1.375
Debt Instrument Principal Payments [Table Text Block]	The remaining scheduled principal payments (including amortization of imputed interest) are as follows: Payment Payment Date Amount January 31, 2016 (i) $ 750,000 September 30, 2016 (ii) $ 4,377,000 (i) Paid in cash in January 2016. (ii) Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]	The fair value for the options was estimated at the date of grant using the Black-Scholes option pricing model with the following assumptions: Year Ended December 31, 2015 2014 Expected Volatility N/A 24-29 % Expected Dividend Yield N/A 0 % Expected Life (Term) N/A 2.5 years Risk-Free Interest Rate N/A 0.58 - 0.70 %
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted Average Weighted Remaining Average Contractual Aggregate Number of Exercise Life Intrinsic Options Price (in Years) Value Outstanding at January 1, 2015 404,000 $ 6.67 2.89 $ 1,472,000 Granted - - - - Canceled - - - - Exercised (20,250) (3.57) - - Expired/Forfeited (4,250) (3.35) - - Outstanding and expected to vest at December 31, 2015 379,500 $ 5.50 1.71 $ 1,174,000 Exercisable at December 31, 2015 332,000 $ 5.18 1.46 $ 1,126,000
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 year ended December 31, 2015: Weighted Average Number of Grant Date Options Fair Value Balance at January 1, 2015 95,000 $ 1.43 Granted - - Vested (47,500) (1.43) Forfeited or Canceled - - Balance at December 31, 2015 47,500 $ 1.43
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	Weighted Number of Average Restricted Grant Date Shares Fair value Outstanding at January 1, 2015 3,208,410 $ 4.46 Granted 595,692 8.99 Canceled - - Vested (265,430) 8.05 Expired/Forfeited (8,187) 6.85 Outstanding and expected to vest at December 31, 2015 3,530,485 $ 4.95
Schedule of Common Stock Repurchased [Table Text Block]	The following table provides information with respect to purchases by the Company of restricted stock during the Current Year and Prior Year. Number of Shares Purchased as Total Part of Number Actual Publically Fair value of of Shares Price Paid Announced Re-Purchased Date Purchased per Share Plan Shares March 28, 2014 (i) 15,750 $ 4.00 - $ 63,000 September 30, 2014 (i) 26,250 7.83 - 205,000 December 1, 2014 (i) 88,725 8.00 - 710,000 Total 2014 130,725 $ 7.49 - $ 978,000 September 30, 2015 (i) 82,825 $ 8.59 - $ 711,000 December 17, 2015 (ii) 5,000 7.25 - 36,000 Total 2015 87,825 $ 8.51 - $ 747,000 All of the shares of restricted stock in the preceding table were originally granted to employees and directors as restricted stock pursuant to the Plan. (i) The shares repurchased were acquired from employees and directors in connection with the settlement of income tax withholding obligations on behalf of such employees and directors from the vesting of restricted stock. (ii) See Note 14, Related Party Party Transactions.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Shares used in calculating basic and diluted net income (loss) per share are as follows: Year Ended December 31, 2015 2014 Basic 16,151,163 11,698,880 Effect of exercise of warrants 946,902 971,873 Effect of exercise of stock options 125,175 145,921 Diluted 17,223,240 12,816,674
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: Year Ended December 31, 2015 2014 Stock options and warrants 750,000 20,548

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 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 Year and Prior Year and the Company’s assets and liabilities from discontinued operations of its retail business as of December 31, 2015 and 2014 is as follows: Results of discontinued operations: Year Ended December 31, 2015 2014 Net sales $ 287,000 $ 560,000 Cost of sales (221,000) (470,000) Operating expenses (268,000) (1,046,000) Depreciation and amortization - (85,000) Loss from disposal of discontinued operations (273,000) (739,000) Income tax benefit 203,000 704,000 Loss from discontinued operations, net $ (272,000) $ (1,076,000) Loss per share from discontinued operations, net: Basic $ (0.02) $ (0.09) Diluted $ (0.02) $ (0.08) Weighted average shares outstanding: Basic 16,151,163 11,698,880 Diluted 17,223,240 12,816,674 Assets and liabilities of discontinued operations: December 31, 2015 2014 Inventory $ - $ 214,000 Prepaid expenses and other current assets 8,000 63,000 Deferred tax asset - 226,000 Total current assets $ 8,000 $ 503,000 Property and equipment, net $ - $ 112,000 Other long-term assets - 11,000 Total long-term assets $ - $ 123,000 Accounts payable and accrued expenses $ 60,000 $ 157,000 Other current liabilities - 61,000 Total liabilities $ 60,000 $ 218,000

Summary of Significant Accoun36

Summary of Significant Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance at beginning of year	$ 5,766,000	$ 6,366,000
Gain on reduction of contingent obligation	3,000,000	600,000
Payment of contingent obligation	(2,516,000)	0
Balance at end of year	$ 250,000	$ 5,766,000

Summary of Significant Accoun37

Summary of Significant Accounting Policies (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Accounts receivable, net	$ 7,594,000	$ 3,641,000
Allowance for Doubtful Accounts Receivable	20,000	41,000
Gain Loss On Reduction of Contingent Obligations	3,000,000	600,000
Accrued Fees and Other Revenue Receivable	1,531,000	110,000
Obligations, Fair Value Disclosure	$ 250,000	5,766,000	$ 6,366,000
Deferred Finance Costs, Noncurrent, Net, Total		624,000
Deferred Tax Assets, Net, Current		$ 633,000
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Estimated Useful Lives (in years)	3 years
Finite-Lived Intangible Asset, Useful Life	4 years
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property, Plant and Equipment, Estimated Useful Lives (in years)	7 years
Finite-Lived Intangible Asset, Useful Life	15 years

Acquisition of C Wonder Trade38

Acquisition of C Wonder Trademarks (Details) - C Wonder Trademarks [Member]	12 Months Ended
	Dec. 31, 2015USD ($)
Business Acquisition [Line Items]
Total acquisition price	$ 15,437,000
Trademarks [Member]
Business Acquisition [Line Items]
Total acquisition price	$ 15,437,000

Acquisition of C Wonder Trade39

Acquisition of C Wonder Trademarks (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition, Contingent Consideration [Line Items]
Fair value of Common Stock issued (1,000,000 shares)	$ 9,000,000	$ 11,286,000
C Wonder Trademarks [Member]
Business Acquisition, Contingent Consideration [Line Items]
Cash paid	3,000,000
Fair value of Common Stock issued (1,000,000 shares)	9,000,000
C Wonder Earn-Out obligation (at fair value, see Note 8)	2,850,000
Direct transaction expenses	587,000
Total consideration	$ 15,437,000

Acquisition of C Wonder Trade40

Acquisition of C Wonder Trademarks (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets, Accumulated Amortization	$ 2,542,000	$ 1,735,000
C Wonder Trademarks [Member]
Sale of Stock, Consideration Received on Transaction	4,000,000
Business Combination, Consideration Transferred, Total	15,437,000
Direct transaction expenses	$ 587,000
Stock Issued During Period, Shares, Acquisitions	1,000,000
Trademarks [Member] | C Wonder Trademarks [Member]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Finite-Lived Intangible Assets, Accumulated Amortization	$ 429,000
Business Combination, Consideration Transferred, Total	$ 15,437,000
Closing Consideration [Member] | C Wonder Trademarks [Member]
Stock Issued During Period, Shares, Acquisitions	500,000
Payments to Acquire Businesses, Gross	$ 2,500,000
Escrow Consideration [Member] | C Wonder Trademarks [Member]
Stock Issued During Period, Shares, Acquisitions	500,000
Payments to Acquire Businesses, Gross	$ 500,000

Acquisition of H Halston Trad41

Acquisition of H Halston Trademarks (Details) - H Halston brands [Member]	12 Months Ended
	Dec. 31, 2015USD ($)
Total acquisition price	$ 28,124,000
Non-compete agreement [Member]
Total acquisition price	562,000
Trademarks [Member]
Total acquisition price	$ 27,562,000

Acquisition of H Halston Trad42

Acquisition of H Halston Trademarks (Details 1)	12 Months Ended
	Dec. 31, 2015USD ($)
H Halston Trademark [Member]
Cash paid	$ 18,023,000
Direct transaction expenses	490,000
Total acquisition price	28,124,000
Common Stock [Member] | H Halston Trademarks [Member]
Fair value	9,000,000
Warrant [Member] | H Halston Trademarks [Member]
Fair value	$ 611,000

Acquisition of H Halston Trad43

Acquisition of H Halston Trademarks (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Sep. 01, 2015
H Halston Trademark [Member]
Payments to Acquire Intangible Assets	$ 18,023,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 12
Assets Acquisition Purchase Price Allocation	$ 28,124,000
Assets Acquisition Direct Transaction Expenses	$ 490,000
Equity Method Investment, Ownership Percentage	24.00%
H Term Loan [Member]
Debt Instrument, Term	5 years
H Term Loan [Member] | H Halston Trademark [Member]
Secured Debt	$ 10,000,000
Licensing Agreements [Member]
Operating Leases, Future Minimum Payments Receivable, in Two Years		$ 250,000
Operating Leases, Future Minimum Payments Receivable, in Three Years		750,000
Operating Leases, Future Minimum Payments Receivable, in Four Years		750,000
Operating Leases, Future Minimum Payments Receivable, in Five Years		$ 1,500,000
Licensing Agreements [Member] | H Halston Trademark [Member]
Operating Leases, Future Minimum Payments Receivable, Current	600,000
Operating Leases, Future Minimum Payments Receivable, in Two Years	600,000
Operating Leases, Future Minimum Payments Receivable, in Three Years	600,000
Operating Leases, Future Minimum Payments Receivable, in Four Years	600,000
Operating Leases, Future Minimum Payments Receivable, in Five Years	600,000
Operating Leases Future Minimum Payments Receivable In Six Years	600,000
Operating Leases Future Minimum Payments Receivable In Seven Years	600,000
Operating Leases Future Minimum Payments Receivable In Eight Years	600,000
Operating Leases Future Minimum Payments Receivable In Nine Years	600,000
Operating Leases Future Minimum Payments Receivable In Nine Years After	$ 1,200,000
Description of Lessor Leasing Arrangements, Operating Leases	In the event HIP exercises the early termination right, H Licensing shall pay HIP a participation fee for each of the three following years in an amount not to exceed $4,000,000 ($5,000,000 if H Licensing distributes, or otherwise enters into any agreements for the distribution of products bearing the H Halston trademark in China).
Lease Expiration Date	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Per Share Weighted Average Price of Shares Purchased	$ 8
Noncompete Agreements [Member] | H Halston Trademark [Member]
Assets Acquisition Purchase Price Allocation	$ 562,000
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Common Stock [Member] | H Halston Trademark [Member]
Stock Issued During Period, Shares, Purchase of Assets	1,000,000
Warrant [Member] | H Halston Trademark [Member]
Stock Issued During Period, Shares, Purchase of Assets	750,000

Acquisition of Judith Ripka T44

Acquisition of Judith Ripka Trademarks (Details) - Judith Ripka Trademarks [Member]	12 Months Ended
	Dec. 31, 2015USD ($)
Assets Acquisition [Line Items]
Total acquisition price	$ 24,790,000
Copyrights and Other Intellectual Property [Member]
Assets Acquisition [Line Items]
Total acquisition price	190,000
Trademarks [Member]
Assets Acquisition [Line Items]
Total acquisition price	$ 24,600,000

Acquisition of Judith Ripka T45

Acquisition of Judith Ripka Trademarks (Details 1) - Judith Ripka Trademarks [Member]	12 Months Ended
	Dec. 31, 2015USD ($)
Assets Acquisition [Line Items]
Cash paid	$ 11,975,000
Ripka Seller Notes (at fair value, see Note 8)	4,165,000
Fair value of Common Stock issued (571,429 shares)	2,286,000
Ripka Earn-Out obligation (at fair value, see Note 8)	3,784,000
Direct transaction expenses	390,000
Total consideration	24,790,000
Installment One [Member]
Assets Acquisition [Line Items]
Asset Acquisition Installment Payment	1,000,000
Installment Two [Member]
Assets Acquisition [Line Items]
Asset Acquisition Installment Payment	$ 1,190,000

Acquisition of Judith Ripka T46

Acquisition of Judith Ripka Trademarks (Details Textual) - USD ($)	Apr. 03, 2014	Apr. 30, 2015	Oct. 01, 2014	Dec. 31, 2015	Dec. 31, 2014
Assets Acquisition [Line Items]
Payments to Acquire Productive Assets				$ 14,000	$ 18,513,000
Proceeds from Issuance of Long-term Debt, Total				0	9,000,000
Earn Out Payments				$ 2,850,000
Judith Ripka Trademarks [Member]
Assets Acquisition [Line Items]
Payments to Acquire Productive Assets	$ 12,000,000	$ 1,200,000
Stock Issued During Period, Shares, Purchase of Assets	571,429			571,429
Proceeds from Issuance of Long-term Debt, Total				$ 9,000,000
Royalty Revenue	$ 6,000,000
Assets Acquisition Purchase Price Allocation				24,800,000
Maximum Earn-Outs Payable				$ 5,000,000
Debt Instrument, Maturity Date, Description				five year term
Assets Acquisition Direct Transaction Expenses				$ 390,000
Exercise Price Of Common Stock				$ 0.001
Finite-Lived Intangible Asset, Useful Life				10 years
Judith Ripka Trademarks [Member] | Chief Design Officer [Member]
Assets Acquisition [Line Items]
Base Salary	750,000
Non Accountable Expenses	114,000
Payments for Rent, Monthly	$ 1,000
Annual Cash Bonus Percentage				10.00%
Royalty Revenue				$ 6,000,000
Earn Out Payments				4,000	$ 16,000
Judith Ripka Trademarks [Member] | Installment One [Member]
Assets Acquisition [Line Items]
Payments to Acquire Productive Assets			$ 1,000,000
Proceeds from Issuance of Long-term Debt, Total				900,000
Judith Ripka Trademarks [Member] | Installment Two [Member]
Assets Acquisition [Line Items]
Proceeds from Issuance of Long-term Debt, Total				$ 1,300,000
Parent Company [Member] | Judith Ripka Trademarks [Member]
Assets Acquisition [Line Items]
Percentage of Common Stock Issued and Outstanding				4.75%

Trademarks, Goodwill and Othe47

Trademarks, Goodwill and Other Intangibles (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Trademarks	$ 112,113,000	$ 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, trademarks, licensing and non-compete agreements	(2,542,000)	(1,735,000)
Net carrying amount	$ 112,323,000	$ 97,679,000

Trademarks, Goodwill and Othe48

Trademarks, Goodwill and Other Intangibles (Details 1)	Dec. 31, 2015USD ($)
Finite Lived Intangible Assets Future Amortization Expense [Line Items]
2,016	$ 1,128,000
2,017	1,128,000
2,018	1,128,000
2,019	1,128,000
2,020	1,128,000
Thereafter	10,007,000
Total	$ 15,647,000

Trademarks, Goodwill and Othe49

Trademarks, Goodwill and Other Intangibles (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Research and Development Assets Acquired Other than Through Business Combination [Line Items]
Amortization of Intangible Assets	$ 807,000	$ 543,000
Goodwill	$ 12,371,000	$ 12,371,000

Significant Contracts (Details)

Significant Contracts (Details)	12 Months Ended
	Dec. 31, 2015
IM QVC Agreement [Member]
Current Term Expiry	Sep. 30, 2020
Automatic Renewal	1 year
Xcel Commenced Brand with QVC	September 2,011
QVC Product Launch	2,010
Ripka QVC Agreement [Member]
Current Term Expiry	Mar. 31, 2019
Automatic Renewal	1 year
Xcel Commenced Brand with QVC	April 2,014
QVC Product Launch	1,999
H QVC Agreement [Member]
Current Term Expiry	Dec. 31, 2019
Automatic Renewal	3 years
Xcel Commenced Brand with QVC	January 2,015
QVC Product Launch	September 2,015
C Wonder QVC Agreement [Member]
Current Term Expiry	Jan. 1, 2021
Automatic Renewal	3 years
Xcel Commenced Brand with QVC	August 2,015
QVC Product Launch	March 2,016

Significant Contracts (Details

Significant Contracts (Details Textual) - Royalty Agreement With QVC [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Royalty Revenue	$ 22,210	$ 16,430
Revenue from Royalty, Percentage	80.00%	79.00%
Accounts Receivable, Gross	$ 6,400	$ 2,360
Accounts Receivables, Percentage	84.00%	65.00%
Accrued Fees and Other Revenue Receivable	$ 1,180

Debt (Details)

Debt (Details) - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Net unamortized deferred finance costs related to term loans	[1]	$ (493,000)	$ (624,000)
Total		41,028,000	50,440,000
Current portion	[2],[3]	9,168,000	11,416,000
Total long term debt		31,860,000	39,024,000
IM Term Loan [Member]
Debt Instrument [Line Items]
Term Note	[4]	11,375,000	12,750,000
Seller Note		4,918,000	5,366,000
Contingent obligation - due to seller		250,000	5,766,000
JR Term Loan [Member]
Debt Instrument [Line Items]
Term Note	[4]	7,875,000	9,000,000
Seller Note		469,000	4,398,000
Contingent obligation - due to seller		3,784,000	3,784,000
H Term Loan [Member]
Debt Instrument [Line Items]
Term Note	[4]	10,000,000	10,000,000
CW Term Loan [Member]
Debt Instrument [Line Items]
Contingent obligation - due to seller		$ 2,850,000	$ 0
[1]	See Note 2, Summary of Significant Accounting Policies, Recent Accounting Pronouncements.
[2]	$4.918 million of the current portion of long-term debt as of December 31, 2015 consists of the IM Seller Note, described below, which is payable in common stock or cash, at the Company’s option.
[3]	The current portion of long-term debt presented on the consolidated balance sheet at December 31, 2015 includes $4.000 million related to term loan debt, reflecting scheduled January 2016 principal payments of $1.375 million under the term loans which existed as of December 31, 2015, plus $2.625 million of 2016 principal payments due under the refinanced term loan debt (the Xcel Term Loan, as defined below).
[4]	Term loans outstanding as of December 31, 2015 were refinanced in February 2016, as described below.

Debt (Details 1)

Debt (Details 1) - USD ($)		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total		$ 41,028,000	$ 50,440,000
Xcel Term Loan [Member]
Debt Instrument [Line Items]
2016(i)	[1]	2,625,000
2,017		4,000,000
2,018		4,000,000
2,019		4,000,000
2,020		4,000,000
2,021		9,250,000
Total		$ 27,875,000
[1]	Does not include $1.375 million in principal payments made on January 1, 2016.

Debt (Details 2)

Debt (Details 2)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Debt Instrument, Payment Amount	$ 2,625,000
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	$ 4,377,000	[2]
[1]	Paid in cash in January 2016.
[2]	Payable in stock or cash at the Company’s sole discretion. Amounts paid in cash require BHI’s approval.

Debt (Details Textual)

Debt (Details Textual)	Apr. 03, 2014USD ($)$ / shares	Feb. 29, 2016USD ($)	Feb. 26, 2016USD ($)	Jan. 31, 2016USD ($)	Apr. 21, 2015USD ($)shares	Feb. 20, 2015USD ($)shares	Dec. 22, 2014USD ($)	Mar. 31, 2014USD ($)	Aug. 01, 2013USD ($)	Sep. 29, 2011USD ($)$ / shares	Jun. 30, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)$ / shares	Sep. 30, 2015USD ($)shares	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Long-term Debt, Contingent Payment of Principal or Interest															Company shall pay an early termination fee as follows: an amount equal to the principal amount outstanding under the Term Loan on the date of prepayment, multiplied by: (i) two percent (2.00%) if the Xcel Term Loan is prepaid on or after the closing date and on or before the second anniversary of the closing date; (ii) one percent (1.00%) if the Xcel Term Loan is prepaid after the second anniversary of the closing date and on or before the third anniversary of the closing date; or (iii) zero percent (0.00%), if the Xcel Term Loan is prepaid after the third anniversary of the closing date.
Proceeds from Issuance of Long-term Debt, Total															$ 0		$ 9,000,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate															5.10%
Gains (Losses) on Extinguishment of Debt															$ (1,371,000)		0
Earn Out Payments															2,850,000
Interest Expense, Debt															1,220,000		834,000
Proceeds from (Repayments of) Other Long-term Debt															0		10,000,000
Minimum Liquidity Covenants															3,000,000
Long-term Debt, Total															41,028,000		50,440,000
Debt Instrument, Annual Principal Payment															2,625,000
Repayments of Long-term Debt, Total															3,256,000		250,000
Long-term Debt, Current Maturities, Total															8,918,000		5,650,000
Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment				$ 1,375,000
Debt Instrument, Periodic Payment, Principal			$ 27,875,000
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
Other Notes Payable, Current															4,918,000
Other Notes Payable, Noncurrent															4,918,000		5,366,000
IM Term Loan [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Frequency of Periodic Payment				625,000
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
Other Notes Payable, Noncurrent															$ 469,000		4,398,000
Debt Instrument, Description of Variable Rate Basis	LIBOR plus 3.5% or Prime plus 0.50%
JR Term Loan [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Frequency of Periodic Payment				375,000
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
Minimum Fixed Charge Ratio, Start Range											1.20				1.20
Minimum Fixed Charge Ratio, End Range											1				1
Minimum Liquidity Covenants															$ 5,000,000
Minimum Net Worth Required for Compliance											$ 90,000,000				90,000,000
Minimum Earnings Before Interest Taxes Depreciation And Amortization															7,500,000
Debt Instrument, Description of Variable Rate Basis							LIBOR plus 3.50% or Prime rate plus 0.50%
H Term Loan [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Debt Instrument, Frequency of Periodic Payment				375,000
H Term Loan [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Maximum Capital Expenditures of Guarantor and its Subsidiaries														$ 2,650,000
Minimum Earnings Before Interest Taxes Depreciation And Amortization													$ 9,000,000	$ 9,500,000
Maximum Loss of capital expenditures for retail division													$ 700,000
Ripka Seller Notes [Member]
Debt Instrument [Line Items]
Proceeds from Issuance of Long-term Debt, Total															600,000
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	7.33%
Debt Instrument, Face Amount	$ 6,000,000
Debt Instrument, Unamortized Discount	$ 1,835,000
Imputed Annual Interest Rate	7.33%
Initial Outstanding Value of Long-term Debt or Borrowing	$ 4,165,000
Other Notes Payable, Noncurrent															469,000		4,398,000
Interest Expense, Debt															105,000		233,000
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	$ 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						$ 2,400,000									1,790,000
Ripka Seller Notes [Member] | Period One [Member]
Debt Instrument [Line Items]
Gains (Losses) on Extinguishment of Debt															610,000
Ripka Seller Notes [Member] | Period Two [Member]
Debt Instrument [Line Items]
Gains (Losses) on Extinguishment of Debt															$ 760,000
QVC Earn-Out [Member]
Debt Instrument [Line Items]
Exercise Price of Common Stock | $ / shares															$ 4.50
Earn Out Payments															$ 250,000		2,760,000
Royalty Revenue, Total																$ 2,500,000
Loans Payable [Member]
Debt Instrument [Line Items]
Long-term Debt, Principal Payments															1,375,000
Other Long-term Debt															2,625,000,000
Long-term Debt, Current Maturities, Total															4,000,000
IM Ready Made LLC [Member]
Debt Instrument [Line Items]
Repayment Of Contingent Obligation								$ 315,000
Earn-Out Obligation																$ 2,510,000
Stock Issued During Period, Shares, New Issues | shares																290,473
IM Ready Made LLC [Member] | Scenario, Forecast [Member]
Debt Instrument [Line Items]
Repayment Of Contingent Obligation		$ 250,000
Earn-Out Obligation [Member]
Debt Instrument [Line Items]
Royalty Earn Out Value																$ 7.5
Gain on Reduction of Contingent Obligations												$ 3,000,000
Earn-Out Obligation												$ 7,500,000
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															6,900,000		9,600,000
Royalty Revenue, Total															1,000,000
Long-term Debt, Total															$ 3,780,000
Floor Price Per Share for Conversion of Debt | $ / shares															$ 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)															$ 301,000		321,000
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															4,918,000		5,366,000
Exercise Price of Common Stock | $ / shares										$ 4.50
Interest Expense, Debt															315,000		342,000
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
Proceeds from (Repayments of) Other Long-term Debt						2,400,000									$ 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
IM Earn Out [Member]
Debt Instrument [Line Items]
Long-term Debt, Total																	$ 3,000,000

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Equity Option [Member]	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected Volatility	0.00%
Expected Volatility Rate, Minimum		24.00%
Expected Volatility Rate, Maximum		29.00%
Expected Dividend Yield	0.00%	0.00%
Expected Life (Term)	0 years	2 years 6 months
Risk-Free Interest Rate	0.00%
Risk-Free Interest Rate, Minimum		0.58%
Risk-Free Interest Rate, Maximum		0.70%

Stockholders' Equity (Details 1

Stockholders' Equity (Details 1) - USD ($)	12 Months Ended
	Dec. 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	(20,250)
Options, Expired/Forfeited	(4,250)
Options, Outstanding, Ending Balance	379,500	404,000
Options, Exercisable at December 31, 2015	332,000
Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 6.67
Weighted-Average Exercise Price, Granted	0
Weighted-Average Exercise Price Canceled	0
Weighted-Average Exercise Price, Exercised	(3.57)
Weighted-Average Exercise Price, Expired/Forfeited	(3.35)
Weighted Average Exercise Price, Outstanding, Ending Balance	5.50	$ 6.67
Weighted-Average Exercise Price, Exercisable at December 31, 2015	$ 5.18
Weighted Average Remaining Contractual Life (in years)	1 year 8 months 16 days	2 years 10 months 20 days
Exercisable Weighted Average Remaining Contractual Life (in years)	1 year 5 months 16 days
Aggregate Intrinsic Value ,Beginning Balance	$ 1,472,000
Aggregate Intrinsic Value, Ending Balance	1,174,000	$ 1,472,000
Exercisable, Aggregate Intrinsic Value	$ 1,126,000

Stockholders' Equity (Details 2

Stockholders' Equity (Details 2)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
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	(47,500)
Options, Forfeited or Canceled	0
Balance at December 31, 2015	47,500
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Balance at January 1, 2015 | $ / shares	$ 1.43
Weighted Average Grant Date Fair Value, Granted | $ / shares	0
Weighted Average Grant Date Fair Value, Vested | $ / shares	(1.43)
Weighted Average Grant Date Fair Value, Forfeited or Canceled | $ / shares	0
Weighted Average Grant Date Fair Value, Balance at December 31, 2015 | $ / shares	$ 1.43

Stockholders' Equity (Details 3

Stockholders' Equity (Details 3) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Options, Outstanding, Beginning Balance | shares	3,208,410
Number of Options, Granted | shares	595,692
Number of Options, Canceled | shares	0
Number of Options, Vested | shares	(265,430)
Number of Options, Expired/Forfeited | shares	(8,187)
Number of Options, Outstanding, Ending Balance | shares	3,530,485
Weighted-Average Exercise Price, Outstanding, Beginning Balance | $ / shares	$ 4.46
Weighted-Average Grant Date Fair Value, Granted | $ / shares	8.99
Weighted-Average Grant Date Fair Value, Canceled | $ / shares	0
Weighted-Average Grant Date Fair Value, Vested | $ / shares	8.05
Weighted-Average Grant Date Fair Value, Expired/Forfeited | $ / shares	6.85
Weighted-Average Exercise Price, Outstanding, Ending Balance | $ / shares	$ 4.95

Stockholders' Equity (Details 4

Stockholders' Equity (Details 4) - USD ($)	1 Months Ended											12 Months Ended
	Dec. 17, 2015	[1]	Dec. 16, 2015	Sep. 30, 2015	[2]	Dec. 31, 2014	[2]	Sep. 30, 2014	[2]	Mar. 28, 2014	[2]	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Number of Shares Purchased			5,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Number of Shares Purchased	5,000			82,825		88,725		26,250		15,750		87,825	130,725
Average Price Paid per Share (in dollars per share)	$ 7.25			$ 8.59		$ 8		$ 7.83		$ 4		$ 8.51	$ 7.49
Number of Shares Purchased as Part of Publically Announced Plan	0			0		0		0		0		0	0
Fair value of re-purchased shares	$ 36,000			$ 711,000		$ 710,000		$ 205,000		$ 63,000		$ 747,000	$ 978,000
[1]	See Note 14, Related Party Party Transactions.
[2]	The shares repurchased were acquired from employees and directors in connection with the settlement of income tax withholding obligations on behalf of such employees and directors from the vesting of restricted stock.

Stockholders' Equity (Details T

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

Aug. 05, 2015

Jun. 03, 2015

Jan. 06, 2015

Jul. 15, 2014

May. 15, 2014

Nov. 30, 2015

Jul. 31, 2015

May. 19, 2015

Apr. 30, 2015

Jan. 31, 2015

Dec. 22, 2014

Oct. 01, 2014

Jul. 31, 2014

May. 31, 2014

Apr. 30, 2014

Jan. 31, 2014

Dec. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

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

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

2,025

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

2,500

Stock Issued During Period, Value, New Issues

$ 16,107,000

$ 9,294,000

Common Stock, Shares Authorized

35,000,000

35,000,000

25,000,000

Preferred Stock, Shares Authorized

1,000,000

1,000,000

1,000,000

Capital Stock, Authorized

36,000,000

26,000,000

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

0

Restricted Stock, Shares Issued Net of Shares for Tax Withholdings

1,250

Equity Option [Member]

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

Allocated Share-based Compensation Expense

$ 66,000

$ 51,000

IPO [Member]

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

Shares Issued, Price Per Share

$ 9

Stock Issued During Period, Shares, New Issues

1,800,000

Stock Issued During Period, Value, New Issues

$ 16,200,000

Payments of Stock Issuance Costs

$ 2,011,000

Underwriters Exercised Option To Purchase Common Stock

213,128

Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Grants In Period, Gross

270,000

Proceeds from Stock Options Exercised

$ 1,918,000

Non Executive Employees [Member]

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

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

35,000

50,000

50,000

10,000

Investment Options, Exercise Price

$ 7.50

$ 7.50

$ 5

$ 8

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage

50.00%

50.00%

50.00%

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

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price

$ 6.07

$ 6.07

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms

3 years 2 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

$ 3,168,000

$ 6,497,000

Employee Stock Option [Member]

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

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized

$ 34,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

6 months 18 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

825,000

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

275,000

Allocated Share-based Compensation Expense

$ 4,574,000

$ 5,100,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized

$ 4,511,000

Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition

1 year 3 months

2014 Private Offering [Member]

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

Shares Issued, Price Per Share

$ 9

Stock Issued During Period, Shares, New Issues

1,086,667

Stock Issued During Period, Value, New Issues

$ 9,780,000

Payments of Stock Issuance Costs

486,000

Proceeds from Issuance of Private Placement

9,294,000

Payments of Placement Fees

$ 474,600

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

3,192,828

Common Stock, Capital Shares Reserved for Future Issuance

5,791,871

Common Stock, Eligible for Issuance

8,000,000

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

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

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

25,000

15,000

Allocated Share-based Compensation Expense

$ 18,167

2011 Equity Incentive Plan [Member] | 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%

50.00%

2011 Equity Incentive Plan [Member] | 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%

50.00%

2011 Equity Incentive Plan [Member] | Non Management Directors [Member]

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

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

75,000

50,000

50,000

2011 Equity Incentive Plan [Member] | 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%

50.00%

2011 Equity Incentive Plan [Member] | 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%

50.00%

2011 Equity Incentive Plan [Member] | 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%

2011 Equity Incentive Plan [Member] | Executives And Employees [Member]

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

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

557,475

2011 Equity Incentive Plan [Member] | Executives 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%

2011 Equity Incentive Plan [Member] | Executives 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%

2011 Equity Incentive Plan [Member] | Director [Member]

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

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

25,000

2011 Equity Incentive Plan [Member] | Director [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%

2011 Equity Incentive Plan [Member] | Director [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%

2011 Equity Incentive Plan [Member] | 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

8,000

417,500

2011 Equity Incentive Plan [Member] | 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%

50.00%

2011 Equity Incentive Plan [Member] | 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%

50.00%

2011 Equity Incentive Plan [Member] | Restricted Stock [Member] | Management [Member]

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

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

550,000

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

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

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

89,500

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

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

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

550,000

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

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

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

92,000

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

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

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

91,000

Earnings Per Share (Details)

Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share Basic And Diluted [Line Items]
Basic	16,151,163	11,698,880
Diluted	17,223,240	12,816,674
Employee Stock Option [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	125,175	145,921
Warrant [Member]
Earnings Per Share Basic And Diluted [Line Items]
Effect of exercise of options and Warrants	946,902	971,873

Earnings Per Share (Details 1)

Earnings Per Share (Details 1) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 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	20,548

Commitments and Contingencies64

Commitments and Contingencies (Details)	Dec. 31, 2015USD ($)
Commitments and Contingencies [Line Items]
2,016	$ 967,000
2,017	1,605,000
2,018	2,311,000
2,019	2,393,000
2,020	2,423,000
Thereafter	11,811,000
Total future noncancelable minimum lease payments	$ 21,510,000

Commitments and Contingencies65

Commitments and Contingencies (Details 1)	Dec. 31, 2015USD ($)
Commitments and Contingencies [Line Items]
2,016	$ 4,425,000
2,017	1,751,000
Thereafter	2,810,000
Total future minimum employment contract payments	$ 8,986,000

Commitments and Contingencies66

Commitments and Contingencies (Details Textual)	Jul. 08, 2015USD ($)ft²	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Commitments and Contingencies [Line Items]
Operating Leases, Rent Expense	$ 117,032	$ 919,000	$ 753,000
Severance Costs		$ 12,400,000
Net Rentable Area | ft²	29,600
Letters of Credit	$ 1,108,725
Description of Lessee Leasing Arrangements, Operating Leases	fixed rent shall increase upon the five year anniversary of the commencement of the Sublease

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Current:
Federal	$ 637,000	$ 1,108,000
State and local	219,000	333,000
Total current	856,000	1,441,000
Deferred:
Federal	(611,000)	(1,343,000)
State and local	(89,000)	(195,000)
Total deferred	(700,000)	(1,538,000)
Total provision (benefit)	$ 156,000	$ (97,000)

Income Taxes (Details 1)

Income Taxes (Details 1)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Effective Income Tax Rate Reconciliation [Line Items]
U.S. statutory federal rate	34.00%	(34.00%)
State and local rate, net of federal tax	1.92%	81.71%
Gain on reduction of contingent obligation	(33.98%)	(385.97%)
Excess compensation deduction	0.00%	100.46%
Foreign tax credits	0.58%	(99.26%)
Life insurance	2.10%	101.67%
Other permanent differences	0.61%	51.87%
Income tax provision (benefit)	5.23%	(183.52%)

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets
Property and equipment	$ 341,000	$ 204,000
Stock-based compensation	6,146,000	4,625,000
Accrued compensation and other accrued expenses	708,000	548,000
Basis difference arising from discounted note payable	546,000	0
Other	25,000	85,000
Total deferred tax assets	7,766,000	5,462,000
Deferred tax liabilities
Basis difference arising from discounted note payable	0	(648,000)
Basis difference arising from intangible assets of acquisition	(14,515,000)	(12,263,000)
Total deferred tax liabilities	(14,515,000)	(12,911,000)
Net deferred tax liabilities	$ (6,749,000)	$ (7,449,000)

Income Tax (Details Textual)

Income Tax (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Line Items]
Gain On Reduction Of Contingent Obligations	$ 3	$ 0.6

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net sales	$ 287,000	$ 560,000
Cost of sales	(221,000)	(470,000)
Operating expenses	(268,000)	(1,046,000)
Depreciation and amortization	0	(85,000)
Loss from disposal of discontinued operations	(273,000)	(739,000)
Income tax benefit	203,000	704,000
Loss from discontinued operations, net	$ (272,000)	$ (1,076,000)
Loss per share from discontinued operations, net:
Basic (in dollars per share)	$ (0.02)	$ (0.09)
Diluted (in dollars per share)	$ (0.02)	$ (0.08)
Weighted average shares outstanding:
Basic (in shares)	16,151,163	11,698,880
Diluted (in shares)	17,223,240	12,816,674

Discontinued Operations (Deta72

Discontinued Operations (Details 1) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Inventory	$ 0	$ 214,000
Prepaid expenses and other current assets	8,000	63,000
Deferred tax asset	0	226,000
Total current assets	8,000	503,000
Property and equipment, net	0	112,000
Other long-term assets	0	11,000
Total long-term assets	0	123,000
Accounts payable and accrued expenses	60,000	157,000
Other current liabilities	0	61,000
Total liabilities	$ 60,000	$ 218,000

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	May. 14, 2015	Dec. 16, 2015	Dec. 22, 2014	Jul. 10, 2012	Sep. 29, 2011	Dec. 31, 2015	Dec. 31, 2014	Sep. 01, 2015
Related Party Transaction [Line Items]
Stock Issued During Period, Value, New Issues						$ 16,107,000	$ 9,294,000
Royalty Expense						59,000
Stock Repurchased During Period, Shares		5,000
Share Price		$ 7.25
Licensing Agreements [Member]
Related Party Transaction [Line Items]
Operating Leases, Future Minimum Payments Receivable, in Two Years								$ 250,000
Operating Leases, Future Minimum Payments Receivable, in Three Years								750,000
Operating Leases, Future Minimum Payments Receivable, in Four Years								750,000
Operating Leases, Future Minimum Payments Receivable, in Five Years								1,500,000
Operating Leases, Future Minimum Payments Receivable, Thereafter								$ 1,750,000
Royalty Expense						1,000
License Expiration Date			Dec. 31, 2019
Private Placement [Member]
Related Party Transaction [Line Items]
Stock Issued During Period, Value, New Issues			$ 3,000,000
Payments of Stock Issuance Costs			474,600
Todd Slater [Member]
Related Party Transaction [Line Items]
Commission Rate to Related Party				15.00%	15.00%
Fees Earned Separate from Buy Out Payment						32,000	85,000
Related Party Transaction, Amounts of Transaction				$ 163,000
Adam Dweck [Member]
Related Party Transaction [Line Items]
Fees Earned Separate from Buy Out Payment						$ 14,000	$ 25,000
Warrants Exercise Price One						$ 5
Related Party Transaction Amounts Of Transaction One						$ 500,000
Warrants Issued To Purchase Common Stock Two						12,500
Warrants Exercise Price Two						$ 5
Related Party Transaction Amounts Of Transaction Two						$ 1,000,000
Warrants Issued To Purchase Common Stock Three						25,000
Related Party Transaction Amounts Of Transaction Three						$ 2,000,000
Warrant Vested During First Milestone						12,500
Warrant Vested During Second Milestone						12,500
Warrant Issued To Purchase Common Stock						$ 2,500
Accumulated Royalties One						500,000
Accumulated Royalties Two						$ 1,000,000
Investment Warrant Expiration Date						Aug. 2, 2016
Jones Texas, Inc [Member]
Related Party Transaction [Line Items]
Consulting Fees For Period	$ 75,000
C Wonder Assets [Member]
Related Party Transaction [Line Items]
Business Acquisition, Payment Of Fees And Commission						$ 240,000
Director [Member]
Related Party Transaction [Line Items]
Payments of Stock Issuance Costs			$ 439,005
Benjamin Malka [Member]
Related Party Transaction [Line Items]
Equity Method Investment, Ownership Percentage			25.00%