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2. Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Identifiable assets acquired and liabilities assumed

Snelling Staffing

Total allocable purchase price paid in cash		$	17,691,242
Accounts receivable		$	12,292,830
Workers' compensation deposit			7,200,000
Franchise agreements			11,034,000
Customer lists			1,690,000
Other current assets			109,773
Workers' compensation claims liability			(4,890,930	)
Accrued payroll and payroll liabilities			(2,100,000	)
Current liabilities			(663,430	)
Other liabilities			(2,021,832	)
Bargain purchase			(4,959,169	)
Purchase price allocation		$	17,691,242

Link Staffing

Cash		$	11,122,911
Franchise agreements		$	10,886,178
Notes receivable			236,733
Purchase price allocation		$	11,122,911

Proforma information

Snelling Staffing 

		Three months ended
		March 31, 2021				March 31, 2020
Royalty revenue		$	4,069,507			$	4,874,260
Net (loss) income			(593,067	)			1,573,164
Basic (loss) earnings per share		$	(0.04	)		$	0.12
Basic weighted average shares outstanding			13,602,764				13,533,247
Diluted (loss) earnings per share		$	(0.04	)		$	0.12
Diluted weighted average shares outstanding			13,602,764				13,535,000

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

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- References

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X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472

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