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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 03, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 678 $ 734
Accounts receivable, net 45,282 36,007
Transit accounts receivable 3,947 2,494
Prepaid expenses and other current assets 4,201 4,699
Total current assets 54,108 43,934
Property and equipment, net 1,859 2,078
Other assets:    
Deposits 169 169
Deferred tax asset, net, domestic 3,002 3,300
Goodwill 16,354 16,354
Operating right of use asset 2,263 2,409
Intangible assets, net 15 95
Total other assets 21,803 22,327
Total assets 77,770 68,339
Current liabilities:    
Accounts payable and accrued expenses 7,326 7,895
Transit accounts payable 4,551 4,900
Accrued payroll and related costs 12,894 12,877
Finance lease payable 183 247
Income taxes payable 351 436
Operating right of use liability 1,937 1,886
Liability for contingent consideration from acquisitions 520 500
Total current liabilities 27,762 28,741
Finance lease payable 96 106
Liability for contingent consideration from acquisitions 2,364 2,358
Operating right of use liability, net of current position 2,224 2,641
Borrowings under line of credit 22,029 11,890
Total liabilities 54,844 46,101
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; 16,510,793 shares issued and 11,485,310 shares outstanding at April 3, 2021 and 16,224,191 shares issued and 11,542,880 shares outstanding at January 2, 2021 826 811
Stock subscription receivable (323) (420)
Additional paid-in capital 110,179 109,588
Accumulated other comprehensive loss (2,661) (2,550)
Accumulated deficit (66,967) (67,974)
Treasury stock (5,025,483 shares at April 3, 2021 and (4,681,311 shares at January 2, 2021) at cost (18,128) (17,217)
Stockholders’ equity 22,926 22,238
Total liabilities and stockholders’ equity 77,770 68,339
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred tax liability $ 369 $ 365