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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 30, 2023
Dec. 31, 2022
Jan. 01, 2022
Current assets:      
Cash and cash equivalents $ 6,284 $ 339 $ 235
Accounts receivable, net 70,690 50,762 48,240
Transit accounts receivable 8,891 3,280 1,010
Prepaid expenses and other current assets 4,637 4,636 2,486
Total current assets 90,502 59,017 51,971
Property and equipment, net 4,005 2,098 1,939
Other assets:      
Deposits 313 173 176
Goodwill 22,147 22,147 16,354
Operating right of use asset 2,779 3,665 1,877
Intangible assets, net 683 864 0
Total other assets 25,977 26,849 18,942
Total assets 120,484 87,964 72,852
Accounts payable and accrued expenses 12,454 14,147 9,306
Transit accounts payable 31,102 9,767 2,064
Accrued payroll and related costs 11,203 13,023 13,027
Finance lease payable 233 462 437
Income taxes payable 330 85 0
Operating right of use liability 693 1,349 1,502
Contingent consideration from acquisitions 300 472 103
Deferred liabilities 1,881 1,119 3,418
Total current liabilities 58,196 40,424 29,857
Finance lease payable 0 232 502
Contingent consideration from acquisitions, net of current portion 1,671 1,970 600
Operating right of use liability, net of current portion 2,268 2,932 1,631
Borrowings under line of credit 30,804 8,783 14,151
Total liabilities 94,694 56,002 46,883
Contingencies (note 16) and Commitments (note 18)
Stockholders’ equity:      
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0 0
Common stock, $0.05 par value; 40,000,000 shares authorized; 17,673,427 shares issued and 7,844,821 shares outstanding at December 30, 2023, 17,287,967 shares issued and 9,285,318 shares outstanding at December 31, 2022 and 16,903,157 shares issued and 10,290,935 shares outstanding at January 1, 2022 882 863 845
Additional paid-in capital 116,579 113,878 111,068
Accumulated other comprehensive loss (2,813) (2,863) (2,699)
Accumulated deficit (19,265) (36,096) (56,985)
Treasury stock, 9,828,606 shares at December 30, 2023, 8,002,649 shares at December 31, 2022 and 6,612,222 shares at January 1, 2022 (69,593) (43,820) (26,260)
Stockholders’ equity 25,790 31,962 25,969
Total liabilities and stockholders’ equity 120,484 87,964 72,852
Domestic Tax Authority [Member]      
Other assets:      
Deferred tax assets, net 0 0 535
Deferred income taxes, net 1,568 1,495 0
Foreign Tax Authority [Member]      
Other assets:      
Deferred tax assets, net 55 0 0
Deferred income taxes, net $ 187 $ 166 $ 142