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UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 30, 2025
Dec. 29, 2024
Current assets    
Cash and cash equivalents $ 2,050 $ 353
Accounts receivable (net of allowance for credit losses of $1,223 and $1,133, respectively) 42,553 40,194
Prepaid expenses 2,447 2,485
Other current assets 2,492 2,315
Total current assets 49,542 45,347
Property and equipment, net 947 1,137
Other assets    
Deposits 2,087 2,092
Software as a service, net 4,269 4,438
Deferred income taxes, net 8,611 8,456
Right-of-use asset - operating leases, net 4,613 4,973
Intangible assets, net 23,040 24,517
Goodwill 59,151 59,151
Other Assets, Total 101,771 103,627
Total assets 152,260 150,111
Current liabilities    
Accounts payable 1,605 80
Accrued payroll and expenses 13,539 13,001
Long-term debt, current portion (net of debt issuance costs of $77 and $24, respectively) 3,748 3,801
Accrued interest 286 223
Income taxes payable 250 212
Contingent consideration, current portion 2,706 2,662
Convertible note 4,368 4,368
Lease liabilities, current portion 1,591 1,573
Total current liabilities 28,093 25,920
Line of credit (net of debt issuance costs of $696 and $770, respectively) 7,304 5,625
Long-term debt, less current portion (net of debt issuance costs of $174 and $198, respectively) 31,595 32,527
Lease liabilities, less current portion 3,448 3,770
Total liabilities 70,440 67,842
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 11,108,693 and 11,038,623 shares issued and outstanding, respectively, net of 3,930 shares of treasury stock, at cost, respectively. 54 53
Additional paid in capital 70,532 70,260
Retained earnings 11,234 11,956
Total stockholders’ equity 81,820 82,269
Total liabilities and stockholders’ equity $ 152,260 $ 150,111