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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,569 $ 1,342
Accounts receivable, net of allowance for doubtful accounts 47,712 44,394
Notes receivable 1,897 1,788
Prepaid expenses, deposits, and other assets 2,693 3,283
Prepaid workers' compensation 1,194 646
Total current assets 55,065 51,453
Property and equipment, net 4,239 4,280
Workers’ compensation claim payment deposit 1,128 1,469
Deferred tax asset 284 325
Franchise agreements, net 21,014 21,440
Other intangible assets, net 10,031 10,162
Goodwill 5,870 5,870
Other assets 82 102
Notes receivable, net of current portion and allowance of $623 thousand 7,341 7,834
Intangible asset held for sale - discontinued operations 891 891
Total assets 105,945 103,826
Current liabilities    
Accounts payable 90 137
Line of credit 16,107 14,119
Term loans payable 476 514
Other current liabilities 1,220 2,338
Accrued payroll, benefits, and payroll taxes 4,592 4,286
Due to franchisees 10,123 9,881
Risk management incentive program liability 704 565
Workers' compensation claims liability 3,773 3,871
Total current liabilities 37,085 35,711
Term loan payable, net of current portion 0 132
Workers' compensation claims liability, net of current portion 2,571 2,766
Franchisee deposits 2,414 2,485
Total liabilities 42,070 41,094
Commitments and contingencies (Note 8)
Stockholders' equity    
Preferred stock - $0.001 par value, 1,000 shares authorized; none issued 0 0
Common stock - $0.001 par value, 30,000 shares authorized; 14,002 and 13,997 shares issued, respectively 14 14
Additional paid-in capital 34,889 34,527
Treasury stock, at cost - 40 shares (146) (146)
Retained earnings 29,118 28,337
Total stockholders' equity 63,875 62,732
Total liabilities and stockholders' equity $ 105,945 $ 103,826