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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Assets    
Cash and cash equivalents $ 13,676 $ 10,458
Accounts receivable, net 42,911 49,299
Prepaid expenses and other current assets 1,871 2,404
Total current assets 58,458 62,161
Property and equipment, net 2,793 2,848
Operating lease right-of-use assets 3,488 4,948
Goodwill 3,756 3,784
Intangible assets, net 2,512 2,796
Deferred income taxes 1,644 1,883
Other assets 1,259 1,115
Total assets 73,910 79,535
Liabilities and equity    
Accounts payable 6,841 9,186
Accrued expenses and other current liabilities 20,278 18,548
Due to affiliates [1] 3,780 4,666
Customer incentives and deposits 416 594
Lines of credit and short-term loans 8,103 8,932
Current portion of operating lease liabilities 1,779 2,828
Total current liabilities 41,197 44,754
Operating lease liabilities, less current portion 1,709 2,120
Long-term debt and other liabilities 1,300 1,300
Total liabilities 44,206 48,174
Commitments and contingencies – See Note 8
Equity:    
Preferred stock, $.01 par value: Authorized and available shares– 2,445,598 Issued and outstanding shares – None – Balance at June 30, 2020 and December 31, 2019 0 0
Common stock, $.01 par value: Authorized shares – 47,000,000 Issued shares – 21,108,352 – Balance at June 30, 2020, and 21,102,335 – December 31, 2019 211 211
Treasury stock, at cost 1,697 shares – Balance at June 30, 2020, and December 31, 2019 (2) (2)
Additional paid-in capital 16,606 16,511
Accumulated other comprehensive loss (5,106) (3,616)
Retained earnings 6,044 5,851
Total SPAR Group, Inc. equity 17,753 18,955
Non-controlling interest 11,951 12,406
Total equity 29,704 31,361
Total liabilities and equity $ 73,910 $ 79,535
[1] 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.