XML 48 R3.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets    
Cash and cash equivalents $ 10,719 $ 9,345
Accounts receivable, net 59,776 63,714
Prepaid expenses and other current assets 5,614 7,861
Total current assets 76,109 80,920
Property and equipment, net 2,871 3,261
Operating lease right-of-use assets 2,323 969
Goodwill 1,382 1,708
Intangible assets, net 1,180 2,040
Deferred income taxes 4,687 3,766
Other assets 1,729 1,934
Total assets 90,281 94,598
Liabilities and equity    
Accrued expenses and other current liabilities 15,274 20,261
Customer incentives and deposits 1,905 2,399
Lines of credit and short-term loans 17,530 17,980
Current portion of operating lease liabilities 1,163 363
Total current liabilities 48,565 54,555
Operating lease liabilities, less current portion 1,160 606
Long-term debt 310 1,376
Total liabilities 50,035 56,537
Commitments and contingencies – See Note 6
Equity:    
Common stock, $.01 par value: Authorized shares – 47,000,000 Issued and outstanding shares – 23,446,444 at December 31, 2023 and 23,055,633 at December 31, 2022 232 229
Treasury stock, at cost 205,485 shares at December 31, 2023 and 205,485 Shares at December 31, 2022 (285) (285)
Additional paid-in capital 21,004 20,708
Accumulated other comprehensive loss (3,341) (4,941)
Retained earnings 10,609 6,707
Total SPAR Group, Inc. equity 28,226 22,427
Non-controlling interest 12,020 15,634
Total equity 40,246 38,061
Total liabilities and equity 90,281 94,598
Series A Preferred Stock [Member]    
Equity:    
Preferred stock 0 0
Series B Preferred Stock [Member]    
Equity:    
Preferred stock 7 9
Nonrelated Parties [Member]    
Liabilities and equity    
Accounts payable 9,488 10,588
Related Parties [Member]    
Liabilities and equity    
Accounts payable $ 3,205 $ 2,964