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Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 27, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 1,632 $ 1,847
Accounts receivable, net 39,519 59,760
Transit accounts receivable 159 4,906
Prepaid expenses and other current assets 2,336 4,144
Total current assets 43,646 70,657
Property and equipment, net 2,357 2,717
Other assets:    
Deposits 169 209
Deferred tax asset, net, domestic 2,438
Goodwill 16,354 16,354
Operating right of use asset 4,958 5,820
Intangible assets, net 256 416
Total other assets 24,175 22,799
Total assets 70,178 96,173
Current liabilities:    
Accounts payable and accrued expenses 8,742 6,220
Transit accounts payable 709 4,552
Accrued payroll and related costs 8,641 7,713
Finance lease payable 302 315
Income taxes payable 261 130
Operating right of use liability 1,997 2,134
Liability for contingent consideration from acquisitions 500 344
Total current liabilities 21,152 21,408
Finance lease payable 41 189
Liability for contingent consideration from acquisitions 2,286 2,714
Operating right of use liability 3,199 3,921
Note payable 2,230
Borrowings under line of credit 17,363 34,761
Total liabilities 46,640 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; 16,010,694 shares issued and 11,329,383 shares outstanding at June 27, 2020 and 15,826,891 shares issued and 13,003,719 shares outstanding at December 28, 2019 800 791
Additional paid-in capital 108,819 108,452
Accumulated other comprehensive loss (2,822) (2,748)
Accumulated deficit (66,042) (59,105)
Treasury stock (4,681,311) shares at June 27, 2020 and (2,823,172) at December 28, 2019 at cost (17,217) (14,987)
Stockholders’ equity 23,538 32,403
Total liabilities and stockholders’ equity 70,178 96,173
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred tax liability 369 382
Domestic Tax Authority [Member]    
Current liabilities:    
Deferred tax liability $ 395