XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 603 $ 3,742
Income from discontinued operations (45) 0
Net income from continuing operations 558 3,742
Adjustments to reconcile net income to net cash used in operations:    
Depreciation and amortization 566 333
Non-cash interest 24 0
Stock based compensation 246 268
Deferred taxes (139) (570)
Loss on disposition of intangible assets 3,625 1,222
Bargain purchase gain 0 (4,959)
Changes in operating assets and liabilities:    
Accounts receivable 2,634 4,010
Prepaid expenses, deposits, and other assets (359) (575)
Prepaid workers' compensation (791) 432
Due from affiliates 0 (110)
Accounts payable (1,577) 259
Risk management incentive program liability 92 391
Other current liabilities 684 (813)
Accrued payroll, benefits and payroll taxes (819) 370
Due to franchisees 711 583
Workers' compensation claim payment deposit (283) 7,139
Workers' compensation claims liability (98) 142
Net cash provided by operating activities - continuing operations 5,074 11,864
Net cash provided by operating activities - discontinued operations 369 0
Net cash provided by operating activities 5,443 11,864
Cash flows from investing activities    
Purchase of acquisitions (18,470) (28,814)
Purchase of property and equipment (81) (271)
Proceeds from the sale of purchased locations 9,317 997
Proceeds from the sale of notes receivable 0 5,261
Proceeds from payments on notes receivable 95 249
Cash issued for notes receivable (40) (19)
Investment in intangible asset (163) (174)
Net change in franchisee deposits 52 (116)
Net cash used in investing activities (9,290) (22,887)
Cash flows from financing activities    
Payments on term loan payable (53) 0
Payment of dividends (822) (680)
Net cash provided by (used in) financing activities 4,417 (668)
Net increase (decrease) in cash 570 (11,691)
Cash, beginning of period 1,256 13,667
Cash, end of period 1,826 1,976
Supplemental disclosure of non-cash investing and financing activities    
Notes receivable issued for the sale of intangible assets 350 1,247
Amounts payable related to the purchase of acquisition 2,202 0
Supplemental disclosure of cash flow information    
Interest paid 24 5
Income taxes paid, net of refunds (38) 2,280
Line of Credit [Member] | Revolving Credit Facility [Member]    
Cash flows from financing activities    
Proceeds from long-term debt $ 5,292 $ 12