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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 03, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 1,399 $ 734
Accounts receivable, net 37,223 36,007
Transit accounts receivable 241 2,494
Prepaid expenses and other current assets 3,023 4,699
Total current assets 41,886 43,934
Property and equipment, net 1,700 2,078
Other assets:    
Deposits 163 169
Deferred tax asset, net, domestic 2,591 3,300
Goodwill 16,354 16,354
Operating right of use asset 1,997 2,409
Intangible assets, net 6 95
Total other assets 21,111 22,327
Total assets 64,697 68,339
Current liabilities:    
Accounts payable and accrued expenses 9,855 7,895
Transit accounts payable 2,526 4,900
Accrued payroll and related costs 12,646 12,877
Finance lease payable 124 247
Income taxes payable 444 436
Operating right of use liability 1,860 1,886
Liability for contingent consideration from acquisitions 1,778 500
Total current liabilities 29,233 28,741
Finance lease payable 86 106
Liability for contingent consideration from acquisitions 638 2,358
Operating right of use liability, net of current position 1,809 2,641
Borrowings under line of credit 9,686 11,890
Total liabilities 41,832 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 0 0
Common stock, $0.05 par value; 40,000,000 shares authorized; 16,585,605 shares issued and 11,062,239 shares outstanding at July 3, 2021 and 16,224,191 shares issued and 11,542,880 shares outstanding at January 2, 2021 829 811
Stock subscription receivable (210) (420)
Additional paid-in capital 110,411 109,588
Accumulated other comprehensive loss (2,593) (2,550)
Accumulated deficit (65,711) (67,974)
Treasury stock (5,523,366 shares at July 3, 2021 and (4,681,311 shares at January 2, 2021) at cost (19,861) (17,217)
Stockholders’ equity 22,865 22,238
Total liabilities and stockholders’ equity 64,697 68,339
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred tax liability $ 380 $ 365