Note 1 - Basis of Presentation

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Basis of Accounting [Text Block]

1. Basis of Presentation

The unaudited, interim condensed consolidated financial statements of SPAR Group, Inc., a Delaware corporation ("SGRP"), and its subsidiaries (together with SGRP, collectively, the "Company" or the "SPAR Group"), accompanying this Quarterly Report on Form

10

-Q for the

first

quarter ended

March 31, 2019 (

this "Quarterly Report"), have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form

10

-Q and Article

10

of Regulation S-

X.

Accordingly, they do

not

include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The consolidated balance sheet as of

December 31, 2018,

has been prepared from the Company's audited consolidated balance sheet as of such date.   In the opinion of management, all normal and recurring adjustments considered necessary for a fair presentation have been included in these interim financial statements. However, these interim financial statements should be read in conjunction with the annual consolidated financial statements and notes thereto for the Company as contained in the SGRP's Annual Report  on Form

10

-K/A for the year ended

December 31, 2018,

as filed with the Securities and Exchange Commission (the "SEC") on

April 24, 2019 (

the 

"2018

Annual Report"), and SGRP's Proxy Statement for its

2019

Annual Meeting of Stockholders as filed with the SEC on

April 29, 2019 (

and Additional Definitive Materials filed with the SEC on

May 3, 2019,

collectively the

"2019

Proxy Statement").  Particular attention should be given to Items

1

and

1A

of the

2018

Annual Report respecting the Company's Business and Risk Factors, respectively, and the following parts of SGRP's

2019

Proxy Statement: (i) SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT, (ii) CORPORATE GOVERNANCE, (iii) EXECUTIVE COMPENSATION, DIRECTORS AND OTHER INFORMATION and (iv) EXECUTIVE COMPENSATION, EQUITY AWARDS AND OPTIONS.  The Company's results of operations for the interim period are

not

necessarily indicative of its operating results for the entire year. Except for the change noted below, the Company has consistently applied the accounting policies to all periods presented in these condensed consolidated financial statements. The Company adopted ASC

842

on

January 1, 2019.

As a result, the Company changed its accounting policy for accounting for leases as detailed in Notes

10

and

11.