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Income Taxes (Tables) - Staffing 360 Solutions, Inc. [Member]
 12 Months Ended
Dec. 30, 2023
Income Taxes (Tables) [Line Items]  
Schedule of Components of (Loss) Income Before Provision for Income Taxes The components of loss before provision for income taxes for Fiscal 2023 and Fiscal 2022, are as follows:
 

December 30,
2023

  

December 31,
2022

Domestic

  

$

(40,628

)

  

$

(9,543

)

Foreign

  

 

14,891

 

  

 

(7,673

)

Loss before provision for income taxes

  

$

(25,737

)

  

$

(17,216

)
Schedule of Components of Benefit for Income Taxes The benefit for income taxes consisted of the following:
 

December 30,
2023

  

December 31,
2022

Current:

  

 

    

 

  

 

Federal

  

 

—

  

 

—

 

State

  

 

255

  

 

349

 

Foreign

  

 

—

  

 

—

 

Total current tax expense

  

 

255

  

 

349

 
   

 

    

 

  

 

Deferred:

  

 

    

 

  

 

Federal

  

 

3

  

 

(29

)

State

  

 

46

  

 

(154

)

Foreign

  

 

—

  

 

(388

)

Total deferred tax expense

  

 

49

  

 

(571

)

Total tax benefit

  

$

304

  

$

(222

)
Schedule of Effective Income Tax Rate Reconciliation The difference between the income tax benefit on income (loss) and the amount computed at the U.S. federal statutory rate is due to:
 

December 30,
2023

  

December 31,
2022

Expense at Federal Statutory Rate

  

$

(5,405

)

  

21.00

%

  

$

(3,615

)

  

21.00

%

State taxes, net

  

 

(1,149

)

  

4.47

%

  

 

(62

)

  

0.36

%

Foreign operations

  

 

375

 

  

(1.46

)%

  

 

153

 

  

(0.89

)%

UK Goodwill Impairment

  

 

—

 

  

0.00

%

  

 

1,900

 

  

(11.04

)%

Permanent differences

  

 

1,349

 

  

(5.24

)%

  

 

116

 

  

(0.67

)%

True-up adjustments

  

 

1,481

 

  

(5.76

)%

  

 

813

 

  

6.56

%

State NOL True-up Adjustments – Staffing

  

 

(556

)

  

2.16

%

  

 

—

 

  

0.00

%

State NOL True-up Adjustments – Headway

  

 

5,121

 

  

(19.90

)%

  

 

—

 

  

0.00

%

Change in valuation allowance

  

 

(1,006

)

  

3.91

%

  

 

608

 

  

(3.53

)%

Other

  

 

94

 

  

(0.36

)%

  

 

(135

)

  

10.50

%

Total Tax Benefit for Income Taxes

  

$

304

 

  

(1.18

)%

  

$

(222

)

  

1.28

%
Schedule of Deferred Tax Assets (Liabilities) Deferred income taxes are provided for the tax effect of temporary differences between the financial reporting basis and the tax basis of assets and liabilities. Significant components of the Company’s deferred tax assets and (liabilities) are as follows:
 

December 30,
2023

  

December 31,
2022

Deferred tax assets

  

 

  

 

  

 

  

 

Net operating loss carryforward

  

$

10,959

 

  

$

13,356

 

Tax credit, deduction and capital loss carryforward

  

 

1,193

 

  

 

3,212

 

Share-based compensation

  

 

780

 

  

 

503

 

Debt issuance costs

  

 

25

 

  

 

—

 

Accrued expenses and other liabilities

  

 

1,808

 

  

 

1,276

 

Interest limitation and carryforward

  

 

9,501

 

  

 

7,546

 

Operating lease liabilities

  

 

1,518

 

  

 

1,657

 

Total deferred tax assets

  

 

25,784

 

  

 

27,550

 

Less: valuation allowance

  

 

(22,378

)

  

 

(23,383

)

Deferred tax assets, net of valuation allowance

  

 

3,406

 

  

 

4,167

 
   

 

  

 

  

 

  

 

Deferred tax liabilities:

  

 

  

 

  

 

  

 

Deprecation

  

 

(1,178

)

  

 

(1,507

)

Basis differences in acquired intangibles

  

 

(1,064

)

  

 

(1,347

)

Debt Issuance Cost

  

 

—

 

  

 

(9

)

Operating lease – Right-of-use assets

  

 

(1,392

)

  

 

(1,482

)

Total deferred tax liabilities

  

 

(3,634

)

  

 

(4,345

)

Deferred tax liability

  

$

(228

)

  

$

(178

)
Schedule of Unrecognized Tax Benefits A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
 

Fiscal 2023

  

Fiscal 2022

Beginning balance

  

$

716

  

$

697

Additions for tax positions of prior years

  

 

49

  

 

19

Reductions for tax positions of prior years

  

 

0

  

 

0

Loss before provision for income taxes

  

$

765

  

$

716