XML 38 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Assets    
Cash and cash equivalents $ 7,372 $ 7,111
Accounts receivable, net 57,186 46,142
Prepaid expenses and other current assets 3,382 1,879
Total current assets 67,940 55,132
Property and equipment, net 3,122 2,950
Operating lease right-of-use assets 4,288
Goodwill 3,779 3,788
Intangible assets, net 2,925 3,332
Deferred income taxes 2,675 2,568
Other assets 2,365 1,325
Total assets 87,094 69,095
Liabilities and equity    
Accounts payable 11,524 8,668
Accrued expenses and other current liabilities 22,270 18,168
Due to affiliates 4,924 4,645
Customer incentives and deposits 908 620
Lines of credit and short-term loans 11,352 10,414
Current portion of operating lease liabilities 361
Total current liabilities 51,339 42,515
Operating lease liabilities, less current portion 3,927
Long-term debt and other liabilities 1,634 1,806
Total liabilities 56,900 44,321
Commitments and contingencies – See Note 8
Equity:    
Preferred stock, $.01 par value: Authorized and available shares– 2,445,598 Issued and outstanding shares – None – September 30, 2019, and December 31, 2018 0 0
Common stock, $.01 par value: Authorized shares – 47,000,000 Issued shares – 21,093,762 – September 30, 2019, and 20,784,483 – December 31, 2018 210 208
Treasury stock, at cost 1,697 shares – September 30, 2019, and 7,895 shares – December 31, 2018 (15) (8)
Additional paid-in capital 16,448 16,304
Accumulated other comprehensive loss (4,006) (3,638)
Retained earnings 6,459 3,432
Total SPAR Group, Inc. equity 19,096 16,298
Non-controlling interest 11,098 8,476
Total equity 30,194 24,774
Total liabilities and equity $ 87,094 $ 69,095