XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
[1]
Current assets:    
Cash and cash equivalents $ 8,273 $ 7,324
Accounts receivable, net 30,124 33,669
Prepaid expenses and other current assets 535 1,299
Total current assets 38,932 42,292
Property and equipment, net 2,523 2,536
Goodwill 1,851 1,847
Intangible assets, net 2,201 2,340
Deferred income taxes 4,753 4,694
Other assets 1,791 1,142
Total assets 52,051 54,851
Liabilities and equity    
Accounts payable 7,133 5,567
Accrued expenses and other current liabilities 10,381 9,766
Due to affiliates [2] 3,094 3,349
Customer incentives and deposits 1,481 1,305
Lines of credit and short-term loans 6,535 9,778
Total current liabilities 28,624 29,765
Long-term debt and other liabilities 46 4
Total liabilities 28,670 29,769
Commitments and Contingencies – See Note 9
Equity:    
Preferred stock, $.01 par value: Authorized and available shares– 2,445,598, Issued and outstanding shares– None – March 31, 2017 and December 31, 2016
Common stock, $.01 par value: Authorized shares – 47,000,000, Issued shares – 20,680,717 – March 31, 2017 and December 31, 2016 207 207
Treasury stock, at cost 24,877 shares – March 31, 2017 and 37,877 shares – December 31, 2016 (34) (51)
Additional paid-in capital 16,138 16,093
Accumulated other comprehensive loss (2,341) (2,407)
Retained earnings 5,591 5,835
Total SPAR Group, Inc. equity 19,561 19,677
Non-controlling interest 3,820 5,405
Total equity [3] 23,381 25,082
Total liabilities and equity $ 52,051 $ 54,851
[1] See Note 2 Correction of Prior Period Financial Statements.
[2] Represent loans from the local investors into the Company's subsidiaries (representing their proportionate share of working capital loans). The loans have no payment terms and are due on demand and as such have been classified as current liabilities in the Company's consolidated financial statements.
[3] See Note 2 Correction of Prior Period Financial Statements.