XML 23 R7.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 6,135 $ 12,458
Loss (income) from discontinued operations 300 (483)
Net income from continuing operations 6,435 11,975
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 2,793 2,040
Non-cash interest and loss on debt extinguishment 354 95
Allowance for losses on notes receivable 540 350
Stock based compensation 1,683 2,372
Deferred taxes (349) (412)
Loss on disposition of intangible assets 2,027 2,233
Changes in operating assets and liabilities:    
Accounts receivable 1,334 (974)
Prepaid expenses, deposits, and other assets (1,452) (9)
Prepaid workers' compensation (143) (134)
Accounts payable (311) (2,192)
Risk management incentive program liability (312) (755)
Other current liabilities (1,153) 230
Accrued wages, benefits and payroll taxes (1,316) 1,450
Due to franchisees 35 2,350
Workers’ compensation claim payment deposit (238) (284)
Workers' compensation claims liability 712 (2,325)
Net cash provided by operating activities - continuing operations 10,639 16,010
Net cash provided by operating activities - discontinued operations (18) 868
Net cash provided by operating activities 10,621 16,878
Cash flows from investing activities    
Purchase of acquisitions (9,750) (32,355)
Purchase of property and equipment (98) (100)
Proceeds from the sale of purchased locations 2,273 9,317
Proceeds from payments on notes receivable 919 799
Cash issued for notes receivable (198) (125)
Investment in intangible assets (390) (1,377)
Net change in franchisee deposits 160 267
Net cash used in investing activities (7,084) (23,574)
Cash flows from financing activities    
Payment on term loan payable (3,349) (571)
Payments related to debt issuance (131) 0
Net proceeds from revolving line of credit 1,576 12,371
Net cash (used in) provided by financing activities (5,244) 8,489
Net (decrease) increase in cash (1,707) 1,793
Cash, beginning of period 3,049 1,256
Cash, end of period 1,342 3,049
Supplemental disclosure of non-cash investing and financing activities    
Notes receivable issued for the sale of branches 7,392 350
Amounts payable related to the purchase of acquisition 0 1,800
Supplemental disclosure of cash flow information    
Interest paid 1,348 273
Income taxes paid 2,817 3,048
Line of Credit [Member] | Revolving Credit Facility [Member]    
Cash flows from financing activities    
Payment of dividends $ (3,340) $ (3,311)