XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,621 $ 1,342
Accounts receivable, net of allowance of $395 and $199 50,492 44,394
Notes receivable 1,628 1,788
Prepaid expenses, deposits, and other assets 2,576 3,283
Prepaid workers' compensation 1,726 646
Total current assets 58,043 51,453
Property and equipment, net 4,157 4,280
Workers’ compensation claim payment deposit 1,127 1,469
Deferred tax asset 1,762 325
Franchise agreements, net 20,163 21,440
Other intangible assets, net 8,569 10,162
Goodwill 1,075 5,870
Other assets 63 102
Notes receivable, net of current portion and allowance of $623 thousand 6,810 7,834
Intangible asset held for sale - discontinued operations 891 891
Total assets 102,660 103,826
Current liabilities    
Accounts payable 773 137
Line of credit 13,403 14,119
Term loan payable 219 514
Other current liabilities 1,666 2,338
Accrued payroll, benefits, and payroll taxes 3,160 4,286
Due to franchisees 11,013 9,881
Risk management incentive program liability 680 565
Workers' compensation claims liability 3,736 3,871
Total current liabilities 34,650 35,711
Term loan payable, net of current portion 0 132
Workers' compensation claims liability, net of current portion 2,673 2,766
Franchisee deposits 2,422 2,485
Total liabilities 39,745 41,094
Commitments and contingencies (Note 11)
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; 14,068 and 13,997 shares issued, respectively 14 14
Additional paid-in capital 35,776 34,527
Treasury stock, at cost - 40 shares (146) (146)
Retained earnings 27,271 28,337
Total stockholders' equity 62,915 62,732
Total liabilities and stockholders' equity $ 102,660 $ 103,826