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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 29, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 262 $ 0
Accounts receivable (net of allowance for credit losses of $932 and $554, respectively 46,074 56,776
Prepaid expenses 2,355 2,963
Other current assets 2,760 7,172
Total current assets 51,451 66,911
Property and equipment, net 1,204 1,217
Other assets    
Deposits 2,092 2,699
Software as a service, net 4,592 5,026
Deferred income taxes, net 7,587 7,271
Right-of-use asset - operating leases, net 5,065 5,435
Intangible assets, net 26,193 30,370
Goodwill 59,151 59,588
Other Assets, Total 104,680 110,389
Total assets 157,335 178,517
Current liabilities    
Accounts payable 221 95
Accrued payroll and expenses 15,361 14,902
Line of credit (net of debt issuance costs of $128) 0 24,746
Long-term debt, current portion (net of debt issuance costs of $27 and $0, respectively) 3,373 34,000
Accrued interest 286 438
Income taxes payable 172 282
Contingent consideration, current portion 4,047 4,208
Convertible note 4,368 4,368
Lease liabilities, current portion 1,586 2,016
Total current liabilities 29,414 85,055
Line of credit (net of debt issuance costs of $305) 7,381 0
Long-term debt, less current portion (net of debt issuance costs of $220) 33,780 0
Contingent consideration, less current portion 0 4,112
Lease liabilities, less current portion 3,815 3,814
Total liabilities 74,390 92,981
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 11,006,696 and 10,887,509 shares issued and outstanding, respectively, net of 3,930 shares of treasury stock, at cost, respectively. 53 52
Additional paid in capital 69,955 68,551
Retained earnings 12,937 16,933
Total stockholders’ equity 82,945 85,536
Total liabilities and stockholders’ equity $ 157,335 $ 178,517