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Condensed Consolidated Balance Sheets - Staffing 360 Solutions, Inc. - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
Current Assets:      
Cash $ 1,498 $ 721  
Accounts receivable, net 19,527 17,783  
Prepaid expenses and other current assets 1,735 1,080  
Current assets held for sale 9,116  
Total Current Assets 22,760 28,700  
Property and equipment, net 411 536 $ 471
Goodwill 19,891 19,891 19,891
Intangible assets, net 9,950 11,193 12,839
Other assets 4,761 5,592 7,789
Right of use asset 4,449 4,813  
Total Assets 62,222 70,725  
Current Liabilities:      
Accounts payable and accrued expenses 12,423 13,976 10,734
Accrued payroll taxes 12,242 6,193 3,189
Current portion of debt, net 9,528 8,627  
Earn out liabilities 8,554 9,054  
Accounts receivable financing 16,838 14,698  
Leases – current liabilities 1,075 1,035  
Other current liabilities 5 376  
Current liabilities held for sale 10,077  
Total Current Liabilities 71,578 74,119  
Leases – non current 3,782 4,213  
Other long-term liabilities 1,497 203  
Total Liabilities 76,857 78,535  
Commitments and contingencies  
Stockholders’ (Deficit) Equity:      
Common stock 1 1  
Additional paid in capital 119,759 119,214  
Accumulated other comprehensive loss 31 31  
Accumulated deficit (134,426) (127,056)  
Total Stockholders’ Deficit (14,635) (7,810)  
Total Liabilities and Stockholders’ Deficit 62,222 70,725  
Related Party      
Current Liabilities:      
Accrued expenses – related party 812 257  
Current Debt – related party $ 10,101 9,826  
Previously Reported      
Current Assets:      
Cash   721 1,455
Accounts receivable, net   17,783 21,310
Prepaid expenses and other current assets   1,080 1,537
Current assets held for sale   9,116 10,689
Total Current Assets   28,700 34,991
Property and equipment, net   536 471
Goodwill   19,891 19,891
Intangible assets, net   11,193 12,839
Other assets   5,592 7,789
Right of use asset   4,813 5,678
Total Assets   70,725 81,659
Current Liabilities:      
Accounts payable and accrued expenses   13,976 10,734
Accrued payroll taxes   6,193 3,189
Earn out liabilities   9,054 8,344
Accounts receivable financing   14,698 18,176
Leases – current liabilities   1,035 1,044
Other current liabilities   376 2,856
Current liabilities held for sale   10,077 6,403
Total Current Liabilities   74,119 50,964
Leases – non current   4,213 5,110
Other long-term liabilities   203 178
Total Liabilities   78,535 73,306
Commitments and contingencies  
Stockholders’ (Deficit) Equity:      
Preferred stock, $0.00001 par value, 20,000,000 shares authorized;  
Common stock   1 1
Additional paid in capital   119,214 111,586
Accumulated other comprehensive loss   31 (2,219)
Accumulated deficit   (127,056) (101,015)
Total Stockholders’ Deficit   (7,810) 8,353
Total Liabilities and Stockholders’ Deficit   70,725 81,659
Previously Reported | Related Party      
Current Liabilities:      
Accrued expenses – related party   257 218
Current Debt – related party   9,826
Long-term debt – Related party   8,661
Series H preferred Stock | Previously Reported      
Current Liabilities:      
Redeemable Series H preferred stock, net   8,627
Redeemable Series H preferred stock, net   $ 8,393