XML 18 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Statement - Consolidated Condensed Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current assets    
Cash $ 13,667,434 $ 4,187,450
Accounts receivable, net of allowance for doubtful accounts 21,344,499 28,201,279
Notes receivable 2,178,299 3,419,458
Prepaid expenses, deposits and other 344,091 188,560
Prepaid workers' compensation 1,434,583 822,938
Other assets 0 201,440
Total current assets 38,968,906 37,021,125
Property and equipment, net 3,193,379 1,900,686
Workers' compensation claim payment deposit 623,452 0
Deferred tax asset 79,379 0
Intangible assets, net 342,697 0
Notes receivable, net of current portion 5,887,229 7,990,251
Total assets 49,095,042 46,912,062
Current liabilities    
Accounts payable 457,490 253,845
Other current liabilities 1,322,764 1,893,846
Accrued benefits and payroll taxes 743,431 1,113,904
Due to affiliates 67,398 0
Due to franchisees 3,228,777 3,610,596
Risk management incentive program liability 858,482 1,811,917
Workers' compensation claims liability 2,777,734 2,327,869
Total current liabilities 9,456,076 11,011,977
Workers compensation claims liability, less current portion 1,806,334 1,516,633
Franchisee deposits 1,468,359 1,412,924
Deferred tax liability 0 1,688,446
Total liabilities 12,730,769 15,629,980
Commitments and contingencies (Note 12)
Stockholders' equity    
Preferred stock - $0.001 par value, 416,666 shares authorized; none issued 0 0
Common stock - $0.001 par value, 30,000,000 shares authorized; 13,628,675 and 13,518,036 shares issued, respectively 13,629 13,518
Additional paid-in capital 28,811,389 27,584,610
Treasury stock, at cost - 33,092 and -0- shares, respectively (146,465) 0
Retained earnings 7,685,720 3,683,954
Total stockholders' equity 36,364,273 31,282,082
Total liabilities and stockholders' equity $ 49,095,042 $ 46,912,062