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v3.22.1

Note 2 - Acquisitions (Tables) | 3 Months Ended
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Mar. 31, 2022
Notes Tables |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] |
Cash |  | $ | 17,851 |
Accounts receivable |  | $ | 13,418 |
Workers' compensation deposit |  |  | 7,200 |
Franchise agreements |  |  | 11,034 |
Customer lists |  |  | 1,690 |
Other current assets |  |  | 100 |
Workers' compensation claims liability |  |  | (4,891 | )
Accrued payroll |  |  | (2,100 | )
Current liabilities |  |  | (740 | )
Other liabilities |  |  | (2,239 | )
Bargain purchase |  |  | (5,621 | )
Purchase price allocation |  | $ | 17,851 |
Cash consideration |  | $ | 6,706 |
Net working capital payable |  |  | 340 |
Total consideration |  | $ | 7,046 |
Customer lists |  | $ | 4,375 |
Accounts receivable |  |  | 2,671 |
Purchase price allocation |  | $ | 7,046 |
Cash consideration |  | $ | 2,100 |
Note payable & net working capital payable |  |  | 362 |
Total consideration |  | $ | 2,462 |
Customer relationships |  | $ | 1,172 |
Customer lists |  |  | 828 |
Accounts receivable |  |  | 462 |
Purchase price allocation |  | $ | 2,462 |
Cash consideration |  | $ | 9,663 |
Note payable |  |  | 1,500 |
Total consideration |  | $ | 11,163 |
Customer relationships |  | $ | 8,089 |
Trade name |  |  | 1,511 |
Accounts receivable |  |  | 3,023 |
Other current assets |  |  | 128 |
Current liabilities assumed |  |  | (1,588 | )
Purchase price allocation |  | $ | 11,163 |
Cash |  | $ | 11,123 |
Franchise agreements |  |  | 10,886 |
Notes receivable |  |  | 237 |
Purchase price allocation |  | $ | 11,123 |
Cash consideration |  | $ | 3,283 |
Liabilities assumed |  |  | 1,044 |
Transaction costs |  |  | 23 |
Total consideration |  | $ | 4,350 |
Purchased software |  |  | 3,200 |
Domain name |  |  | 2,226 |
Deferred tax liability |  |  | (1,076 | )
Purchase price allocation |  | $ | 4,350 |
Cash consideration |  | $ | 1,480 |
Contingent consideration |  |  | 382 |
Total consideration |  | $ | 1,862 |
Customer lists |  | $ | 1,862 |
Business Acquisition, Pro Forma Information [Table Text Block] |
|  | Three months ended |
(in thousands) |  | March 31, 2022 |  |  | March 31, 2021 |
Royalty revenue |  | $ | 6,573 |  |  | $ | 4,070 |
Net income |  |  | 603 |  |  |  | 997 |
Basic earnings per share |  | $ | 0.04 |  |  | $ | 0.07 |
Basic weighted average shares outstanding |  |  | 13,528 |  |  |  | 13,603 |
Diluted earnings per share |  | $ | 0.04 |  |  | $ | 0.07 |
Diluted weighted average shares outstanding |  |  | 13,660 |  |  |  | 13,739 |
|  | Three months ended |
(in thousands, except per share data) |  | March 31, 2022 |  |  | March 31, 2021 |
Total revenue |  | $ | 8,143 |  |  | $ | 3,681 |
Net income |  |  | 1,648 |  |  |  | 3,938 |
Basic earnings per share |  | $ | 0.12 |  |  | $ | 0.29 |
Basic weighted average shares outstanding |  |  | 13,526 |  |  |  | 13,603 |
Diluted earnings per share |  | $ | 0.12 |  |  | $ | 0.29 |
Diluted weighted average shares outstanding |  |  | 13,659 |  |  |  | 13,799 |
|  | Three months ended |
(in thousands, except per share data) |  | March 31, 2022 |  |  | March 31, 2021 |
Total revenue |  | $ | 8,497 |  |  | $ | 3,156 |
Net income |  |  | 1,092 |  |  |  | 3,269 |
Basic earnings per share |  | $ | 0.08 |  |  | $ | 0.24 |
Basic weighted average shares outstanding |  |  | 13,526 |  |  |  | 13,603 |
Diluted earnings per share |  | $ | 0.08 |  |  | $ | 0.24 |
Diluted weighted average shares outstanding |  |  | 13,659 |  |  |  | 13,799 |
|  | Three months ended |
(in thousands, except per share data) |  | March 31, 2022 |  |  | March 31, 2021 |
Total revenue |  | $ | 8,333 |  |  | $ | 3,601 |
Net income |  |  | 1,969 |  |  |  | 3,889 |
Basic earnings per share |  | $ | 0.15 |  |  | $ | 0.29 |
Basic weighted average shares outstanding |  |  | 13,526 |  |  |  | 13,603 |
Diluted earnings per share |  | $ | 0.14 |  |  | $ | 0.28 |
Diluted weighted average shares outstanding |  |  | 13,659 |  |  |  | 13,799 |
Disposal Groups, Including Discontinued Operations [Table Text Block] |
|  | Three months ended |
(in thousands) |  |  | March 31, 2022 |
Revenue |  | $ | 154 |
Cost of staffing services |  |  | 83 |
Gross profit |  |  | 72 |
SG&A |  |  | 13 |
Net income before tax |  |  | 59 |
Provision for income taxes |  |  | 14 |
Net income |  | $ | 45 |

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- 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 https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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