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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 28, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 642 $ 1,847
Accounts receivable, net 50,767 59,760
Transit accounts receivable 1,891 4,906
Prepaid expenses and other current assets 3,944 4,144
Total current assets 57,244 70,657
Property and equipment, net 2,493 2,717
Other assets:    
Deposits 209 209
Deferred tax asset, net, domestic 1,799
Goodwill 16,354 16,354
Operating right of use asset 5,516 5,820
Intangible assets, net 336 416
Total other assets 24,214 22,799
Total assets 83,951 96,173
Current liabilities:    
Borrowings under line of credit 32,767
Accounts payable and accrued expenses 5,969 6,220
Transit accounts payable 2,507 4,552
Accrued payroll and related costs 6,373 7,713
Finance lease payable 309 315
Income taxes payable 149 130
Operating right of use liability 2,157 2,134
Liability for contingent consideration from acquisitions 344 344
Total current liabilities 50,575 21,408
Finance lease payable 115 189
Liability for contingent consideration from acquisitions 2,750 2,714
Operating right of use liability 3,615 3,921
Borrowings under line of credit 34,761
Total liabilities 57,415 63,770
Commitments and contingencies (note 16)
Stockholders’ equity:    
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.05 par value; 40,000,000 shares authorized; 15,944,142 shares issued and 13,120,970 shares outstanding at March 28, 2020 and 15,826,891 shares issued and 13,003,719 shares outstanding at December 28, 2019 797 791
Additional paid-in capital 108,655 108,452
Accumulated other comprehensive loss (2,879) (2,748)
Accumulated deficit (65,050) (59,105)
Treasury stock (2,823,172 shares at March 28, 2020 and December 28, 2019) at cost (14,987) (14,987)
Stockholders’ equity 26,536 32,403
Total liabilities and stockholders’ equity 83,951 96,173
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred tax liability 360 382
Domestic Tax Authority [Member]    
Current liabilities:    
Deferred tax liability $ 395