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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Apr. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 859 $ 235
Accounts receivable, net 58,757 48,240
Transit accounts receivable 1,115 1,010
Prepaid expenses and other current assets 2,338 2,486
Total current assets 63,069 51,971
Property and equipment, net 1,919 1,939
Other assets:    
Deposits 178 176
Deferred income taxes, net, domestic 482 535
Goodwill 16,354 16,354
Operating right of use asset 2,208 1,877
Total other assets 19,222 18,942
Total assets 84,210 72,852
Current liabilities:    
Accounts payable and accrued expenses 8,354 9,306
Transit accounts payable 2,689 2,064
Accrued payroll and related costs 18,478 13,027
Finance lease payable 428 437
Income taxes payable 1,763 0
Operating right of use liability 1,343 1,502
Contingent consideration from acquisitions 103 103
Deferred revenue 2,496 3,418
Total current liabilities 35,654 29,857
Finance lease payable 418 502
Contingent consideration from acquisitions 600 600
Operating right of use liability, net of current portion 1,907 1,631
Borrowings under line of credit 15,287 14,151
Total liabilities 54,008 46,883
Commitments and contingencies (note 15) 0 0
Stockholders’ equity:    
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.05 par value; 40,000,000 shares authorized; 17,115,290 shares issued and 10,096,588 shares outstanding at April 2, 2022 and 16,903,157 shares issued and 10,290,935 shares outstanding at January 1, 2022 856 845
Additional paid-in capital 111,586 111,068
Accumulated other comprehensive loss (2,734) (2,699)
Accumulated deficit (50,465) (56,985)
Treasury stock, 7,018,702 shares at April 2, 2022 and6,612,222 shares at January 1, 2022, at cost (29,041) (26,260)
Stockholders’ equity 30,202 25,969
Total liabilities and stockholders’ equity 84,210 72,852
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred income taxes, net, foreign $ 142 $ 142