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Note 14 - Discontinued Operations | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] | Note 14 – Discontinued Operations In connection with the Dubin acquisition, certain assets acquired related to the operations of the Philadelphia franchise are classified as held-for-sale. The assets acquired in the Dental Power Agreement continue to be company-owned as of December 31, 2022. When we acquired Dental Power in 2021, we used the platform to build a customer base in the dental-oriented sector of the staffing industry to increase revenue opportunities under the HireQuest Health brand. Once we acquired MRI in December 2022, there were a number of natural buyers within the MRI Network. At that time we reclassified Dental Power to held-for-sale. On March 1, 2023, subsequent to these financial statements, we agreed to sell the Dental Power assets to an MRI franchisee, who will continue to operate the business as part of their franchise. Until the sale is finalized, Dental Power remains held-for-sale. For additional information related to discontinued operations, refer to Note 2 – Acquisitions. Intangible assets associated with discontinued operations consist of customer lists with a net carrying value of approximately $3.1 million. The income from discontinued operations amounts as reported on our consolidated statements of operations was comprised of the following amounts (in thousands):
|  | Year ended
|  | December 31, |  | December 31,
|  | 2022 |  | 2021
Revenue |  | $ | 6,313 |  |  | $ | 231 |
Cost of staffing services |  |  | 4,505 |  |  |  | 171 |
Gross profit |  |  | 1,808 |  |  |  | 60 |
Selling, general and administrative expense |  |  | 795 |  |  |  | 36 |
Amortization |  |  | 384 |  |  |  | 12 |
Net income before tax |  |  | 629 |  |  |  | 12 |
Provision for income taxes |  |  | 146 |  |  |  | 3 |
Net income |  | $ | 483 |  |  | $ | 9 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -URI https://asc.fasb.org/subtopic&trid=2122178 + Details
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