Exhibit 21.1

SPAR Group, Inc.
List of Subsidiaries

Owned Subsidiaries			State or Country of Incorporation
SPAR Acquisition, Inc.	100	%	Nevada
SPAR Assembly & Installation, Inc. (f/k/a SPAR National Assembly Services, Inc.)	100	%	Nevada
SPAR Canada Company	100	%	Nova Scotia, Canada
SPAR Canada, Inc.	100	%	Nevada
SPAR Group International, Inc.	100	%	Nevada
SPAR, Inc.	100	%	Nevada
SPAR International Ltd.	100	%	Cayman Islands
SPAR Marketing Force, Inc.	100	%	Nevada
SPAR Trademarks, Inc.	100	%	Nevada
SPAR Merchandising Romania, Ltd. (inactive and being dissolved)	100	%	Romania
SPAR China Ltd.	100	%	China
SPAR FM Japan, Inc.	100	%	Japan
SPAR (Shanghai) Field Marketing Ltd. (inactive) 1	100	%	China
SGRP Brasil Participações Ltda. ("Brazil Holdings")8A	100	%	Brazil
SPAR NMS Holdings, Inc.	100	%	Nevada
NMS Retail Services, ULC	100	%	Nova Scotia, Canada
Owned Subsidiaries			State or Country of Incorporation
National Merchandising Services, LLC2	51	%	Nevada
Resource Plus of North Florida, Inc. (RPI")	51	%	Florida
BDA Resources, LLC3	36.2	%	Florida
Leasex, LLC. (Operated by and with RPI)	51	%	Florida
Mobex of North Florida, Inc. (Operated by and with RPI)	51	%	Florida
SGRP Meridian Proprietary Limited ("Meridian")4	51	%	South Africa
CMR-Meridian Proprietary Limited5	51	%	South Africa
Bordax Retail Services (Pty) Ltd 5	51	%	South Africa
Bordax Retail Services Gauteng (Pty) Ltd 5	51	%	South Africa
SPARFACTS Australia (Pty), Ltd.6	51	%	Australia
SPAR (Shanghai) Marketing Management Company Ltd.7	51	%	China
Unilink7A	51	%	China
SPAR DSI Human Resource Company7B	38.5	%	China
SPAR TODOPROMO, SAPI, de CV	51	%	Mexico
SPAR NDS Tanitim Ve Danismanlik A.S.	51	%	Turkey
SPAR KROGNOS Marketing Private Limited	51	%	India
Preceptor Marketing Services Private Limited	51	%	India
SPAR Brasil Serviços de Merchandising e Tecnologia S.A. ("SPAR Brazil")8B	51	%	Brazil
SPAR Brasil Serviços Ltda. (f/k/a New Momentum Ltda.)8C	51	%	Brazil
SPAR Brasil Serviços Temporários Ltda. (f/k/a New Momentum Serviços Temporários Ltda.)8C	51	%	Brazil
Plus Trade Do Brasil Prestacao De Servicos Ltda9	51	%	Brazil
SPAR Brasil Servicos Ltda 9	51	%	Brazil
SGRP Servicos Ltda9	51	%	Brazil

¹ Dissolved on November 29, 2022.

² The Company sold its 51% interest in this joint venture effective December 31, 2023.

³ RPI owns a 70% interest in BDA Resource, LLC, a Florida limited liability company.

⁴ The Company has entered into an agreement to sell its 51% interest in this joint venture.  See Note 15 Subsequent Events, above.

⁵ Owned by and being sold with Meridian.

⁶ The Company sold its 51% interest in this joint venture effective December 31, 2023.

⁷ The Company has entered into an agreement to sell its 51% interest in this joint venture.  See Note 15 Subsequent Events, above.

^7A Owned by and being sold with SPAR (Shanghai) Marketing Management Company Ltd.

^7B Inactive and being liquidated.  It is 75.5% Owned by and being sold with SPAR (Shanghai) Marketing Management Company Ltd.

^8A The Company owns 100% of SGRP Brasil Participações Ltda. ("Brazil Holdings") and has entered into an agreement to sell Brazil Holdings (the "Brazil Holdings Sale").  See Note 15, Subsequent Events, above.

^8B Brazil Holdings owns 51% of SPAR Brasil Serviços de Merchandising e Tecnologia S.A. ("SPAR Brazil"), and Brazil Holdings will continue to own those interests after the Brazil Holdings Sale.

^8C Brazil Holdings effectively owns slightly more than 51% of this subsidiary since SPAR Brazil owns 99% and Brazil  Holdings owns 1% of the equity in this subsidiary, and SPAR Brazil and Brazil Holdings will continue to own those equity interests after the Brazil Holdings Sale.

9

The Company effectively owns 51% of this subsidiary since we believe SPAR Brazil owns 100% of this subsidiary, and SPAR Brazil will continue to own those interests after the Brazil Holdings Sale.