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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 02, 2023
Jan. 01, 2023
Current assets    
Cash and cash equivalents $ 660 $ 0
Accounts receivable (net of allowance for credit losses of 558, respectively 61,745 66,285
Prepaid expenses 2,511 2,418
Other current assets 4,517 7,459
Total current assets 69,433 76,162
Property and equipment, net 1,623 2,081
Other assets    
Deposits 2,625 2,616
Other assets, net 5,196 4,411
Deferred income taxes, net 7,483 2,196
Right-of-use asset - operating leases 4,469 4,462
Intangible assets, net 33,156 47,552
Goodwill 58,453 55,193
Other Assets, Total 111,382 116,430
Total assets 182,438 194,673
Current liabilities    
Long-term debt, current portion 4,000 4,000
Accrued interest 537 273
Accounts payable 73 587
Accrued payroll and expenses 17,286 19,171
Contingent consideration, current portion 3,657 1,081
Lease liability, current portion 1,770 1,842
Other current liabilities 1,200 1,000
Income taxes payable 157 253
Total current liabilities 28,680 28,207
Line of credit (net of deferred finance fees of $232 and $259 respectively) 24,768 22,303
Long-term debt, less current portion 34,000 36,000
Contingent consideration, less current portion 3,184 0
Convertible note 4,368 4,368
Lease liability, less current portion 3,040 3,049
Other long-term liabilities 10 10
Total liabilities 98,050 93,937
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 10,838,776 and 10,772,515 shares issued and outstanding, respectively, net of treasury stock, at cost,1,845 shares, respectively. 70 70
Additional paid in capital 67,761 67,003
Retained earnings 16,557 33,663
Total stockholders’ equity 84,388 100,736
Total liabilities and stockholders’ equity $ 182,438 $ 194,673