XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ 3,672 $ 6,135
Loss from discontinued operations 253 300
Net income from continuing operations 3,925 6,435
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 2,789 2,793
Non-cash interest and loss on debt extinguishment 18 354
Goodwill and Intangible Asset Impairment 6,035 0
Provision for credit losses 424 540
Stock based compensation 1,759 1,683
Deferred taxes (1,748) (349)
Loss on disposition of intangible assets and property, plant, and equipment 7 2,027
Changes in operating assets and liabilities:    
Accounts receivable 2,271 1,334
Prepaid expenses, deposits, and other assets 897 (1,452)
Prepaid workers' compensation (448) (143)
Accounts payable 28 (311)
Risk management incentive program liability 686 (312)
Other current liabilities (331) (1,153)
Accrued wages, benefits and payroll taxes (1,729) (1,316)
Due to franchisees (2,302) 35
Workers’ compensation claim payment deposit 342 (238)
Workers' compensation claims liability (331) 712
Net cash provided by operating activities - continuing operations 12,292 10,639
Net cash used in operating activities - discontinued operations (253) (18)
Net cash provided by operating activities 12,039 10,621
Cash flows from investing activities    
Purchase of acquisitions (1,700) (9,750)
Purchase of property and equipment (68) (98)
Proceeds from the sale of branches 717 2,273
Proceeds from payments on notes receivable 1,628 919
Cash issued for notes receivable (13) (198)
Investment in intangible assets (441) (390)
Net change in franchisee deposits (79) 160
Net cash provided by (used in) investing activities 44 (7,084)
Cash flows from financing activities    
Payment on term loan payable (557) (3,349)
Payments related to debt issuance 0 (131)
Net (payments) proceeds from revolving line of credit (7,290) 1,576
Net cash used in financing activities (11,206) (5,244)
Net increase (decrease) in cash 877 (1,707)
Cash, beginning of period 1,342 3,049
Cash, end of period 2,219 1,342
Supplemental disclosure of non-cash investing and financing activities    
Notes receivable issued for the sale of branches 100 7,392
Amounts payable assumed related to the purchase of an acquisition 10 0
Supplemental disclosure of cash flow information    
Interest paid 957 1,348
Income taxes paid 1,251 2,817
Line of Credit [Member] | Revolving Credit Facility [Member]    
Cash flows from financing activities    
Payment of dividends $ (3,359) $ (3,340)