XML 18 R5.htm IDEA: XBRL DOCUMENT v3.22.4
CONSOLIDATED BALANCE SHEETS - USD ($)
Jan. 01, 2023
Dec. 26, 2021
Current assets    
Cash and cash equivalents $ 0 $ 112,104
Accounts receivable (net of allowance for credit losses of $557,605 for 2022 and $448,622 for 2021) 66,284,929 48,132,896
Prepaid expenses 2,417,652 2,345,948
Other current assets 7,459,195 2,381,197
Current assets of discontinued operations 0 7,198,104
Total current assets 76,161,776 60,170,249
Property and equipment, net 2,081,115 4,331,052
Other assets    
Deposits 2,616,277 4,106,622
Other assets 4,411,368 1,283,629
Deferred income taxes, net 2,195,684 4,548,285
Right-of-use asset - operating leases 4,461,633 3,914,060
Intangible assets, net 47,552,411 33,584,910
Goodwill 55,192,901 29,141,883
Noncurrent assets of discontinued operations 0 7,213,276
Total other assets 116,430,274 83,792,665
Total assets 194,673,165 148,293,966
Current liabilities    
Long-term debt, current portion 4,000,000 3,562,500
Accrued interest 273,267 102,304
Accounts payable 586,816 401,175
Accrued payroll and expenses 19,170,794 16,153,920
Contingent consideration, current portion 1,081,060 1,073,901
Lease liability, current portion 1,841,638 1,896,253
Other current liabilities 1,000,000 3,549,785
Income taxes payable 253,351 381,806
Current liabilities of discontinued operations 0 1,262,056
Total current liabilities 28,206,926 28,383,700
Line of credit (net of deferred finance fees of $259,469 and $193,264 for 2022 and 2021, respectively) 22,302,423 12,587,591
Long-term debt, less current portion 36,000,000 23,300,000
Convertible note 4,368,000 0
Contingent consideration, less current portion 0 989,608
Lease liability, less current portion 3,049,043 2,685,270
Other long-term liabilities 10,240 3,565,218
Noncurrent liabilities of discontinued operations 0 190,395
Total liabilities 93,936,632 71,701,782
Commitments and contingencies
Preferred stock, $0.01 par value per share, 500,000 shares authorized, -0- shares issued and outstanding 0 0
Common stock, $0.01 par value per share; 19,500,000 shares authorized, 10,772,515 and 10,425,210 shares issued and outstanding for 2022 and 2021, respectively, net of treasury stock, at cost, 1,845 shares for 2022 and 2021, respectively 69,833 66,360
Additional paid in capital 67,003,422 61,875,406
Retained earnings 33,663,278 14,592,087
Accumulated other comprehensive income 0 58,331
Total stockholders’ equity 100,736,533 76,592,184
Total liabilities and stockholders’ equity $ 194,673,165 $ 148,293,966