3.	Significant Contracts

QVC Agreements

Under the Company’s agreements with QVC, QVC is required to pay the Company fees based primarily on a percentage of its net sales of Isaac Mizrahi, Ripka, H Halston, and C Wonder branded merchandise. QVC royalty revenue represents a significant portion of the Company’s total revenues. Revenues from QVC totaled $7.00 million and $6.30 million for the Current Quarter and Prior Year Quarter, respectively, representing approximately 84% and 86% of the Company’s total revenues, respectively. Revenues from QVC totaled $22.14 million and $17.78 million for the Current Nine Months and the Prior Year Nine Months, respectively, representing approximately 86% and 88% of the Company’s total revenues, respectively. As of September 30, 2016 and December 31, 2015, the Company had receivables from QVC of $7.27 million and $6.40 million, respectively, representing approximately 83% and 84% of the Company’s total receivables, respectively. Total receivables include $0.29 million and $1.18 million of earned revenue that had been accrued but not billed as of September 30, 2016 and December 31, 2015, respectively.