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Note 4 - Supplemental Balance Sheet Information | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Supplemental Balance Sheet Disclosures [Text Block] | 4. Supplemental Balance Sheet Information
|  | December 31, |
Accounts receivable, net, consists of the following: |  | 2024 |  |  | 2023 |
(in thousands) |  |  |  |  |  |  |  |
Trade |  | $ | 12,059 |  |  | $ | 37,692 |
Unbilled |  |  | 9,284 |  |  |  | 3,768 |
Non-trade |  |  | 3,834 |  |  |  | 3,107 |
Gross accounts receivable |  |  | 25,177 |  |  |  | 44,567 |
Less allowance for credit losses |  |  | (411 | ) |  |  | (1,461 | )
Accounts Receivable, net |  | $ | 24,766 |  |  | $ | 43,106 |
|  | December 31, |
Activity in allowance for credit losses |  | 2024 |  |  | 2023 |
(in thousands) |  |  |  |  |  |  |  |
Beginning balance in allowance for credit losses |  | $ | 1,461 |  |  | $ | 1,654 |
Current provision for expected credit losses |  |  | 128 |  |  |  | 261 |
Allowances associated with businesses sold |  |  | (12 | ) |  |  | (281 | )
Write-offs charged against the allowance |  |  | (1,166 | ) |  |  | (126 | )
Recoveries of amounts previously written off |  |  | - |  |  |  | (47 | )
Ending balance in allowance for credit losses |  | $ | 411 |  |  | $ | 1,461 |
|  | December 31, |
Property and equipment consist of the following: |  | 2024 |  |  | 2023 |
(in thousands) |  |  |  |  |  |  |  |
Equipment |  | $ | 4,060 |  |  | $ | 4,513 |
Furniture and fixtures |  |  | 591 |  |  |  | 2,293 |
Leasehold improvements |  |  | 384 |  |  |  | 366 |
Capitalized internal use software costs |  |  | 18,967 |  |  |  | 18,113 |
|  |  | 24,002 |  |  |  | 25,285 |
Less accumulated depreciation and amortization |  |  | (21,987 | ) |  |  | (22,568 | )
Property and equipment, net |  | $ | 2,015 |  |  | $ | 2,717 |
Depreciation expense from continuing operations (including amortization of internal use software and intangible assets as described below) was $1.6 million and $1.8 million for the years ended December 31, 2024 and 2023, respectively. The Company capitalized $1.0 million and $1.0 million of costs related to internal use software in the years ended December 31, 2024 and 2023. The Company recognized approximately $1.3 million and $1.1 million of amortization expense related to internal use software for the years ended December 31, 2024 and 2023, respectively.
|  | Americas |  |  | Asia-Pacific |  |  | EMEA |  |  | Total |
Goodwill |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(in thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aggregate goodwill acquired |  | $ | 1,270 |  |  |  | - |  |  |  | 438 |  |  |  | 1,708 |
Change in goodwill due to impact of foreign currency |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | 7 |
Impact of Discontinued Operations |  |  | (88 | ) |  |  | - |  |  |  | - |  |  |  | (88 | )
Sale of business |  |  | (333 | ) |  |  | - |  |  |  | - |  |  |  | (333 | )
Balance at December 31, 2023 |  |  | 856 |  |  |  | - |  |  |  | 438 |  |  |  | 1,294 |
Sale of business |  |  | - |  |  |  | – |  |  |  | (438 | ) |  |  | (438 | )
Balance at December 31, 2024 |  | $ | 856 |  |  | $ | - |  |  | $ | - |  |  | $ | 856 |
SPAR Group, Inc. and Subsidiaries Notes to Consolidated Financial Statements (continued) 4. Supplemental Balance Sheet Information (continued) Intangible Assets
|  | December 31, |
Intangible assets consist of the following: |  | 2024 |  |  | 2023 |
(in thousands) |  |  |  |  |  |  |  |
Customer contracts and lists |  | $ | - |  |  | $ | 3,011 |
Trade names |  |  | 900 |  |  |  | 900 |
Patents |  |  | 870 |  |  |  | 870 |
Gross intangible assets |  |  | 1,770 |  |  |  | 4,781 |
Less accumulated amortization |  |  | (929 | ) |  |  | (3,603 | )
Intangible assets, net |  | $ | 841 |  |  | $ | 1,178 |
The decline in gross intangible assets of $3 million is due to the sale of the remaining international Joint Ventures. The Company is amortizing its intangible assets over lives ranging from 5 to 25 years. Amortization expense for the years ended December 31, 2024 and 2023 was approximately $0.2 million and $0.4 million, respectively. The annual amortization for each of the following years succeeding December 31, 2024 is summarized as follows (in thousands):
(in thousands) |  |  |  |
Year |  | Amount |
2025 |  | $ | 133 |
2026 |  |  | 133 |
2027 |  |  | 36 |
2028 |  |  | 36 |
2029 |  |  | 36 |
Thereafter |  |  | 467 |
Total |  | $ | 841 |
|  | December 31, |
Accrued expenses and other current liabilities: |  | 2024 |  |  | 2023 |
(in thousands) |  |  |  |  |  |  |  |
Taxes payable |  | $ | 137 |  |  | $ | 584 |
Accrued salaries and wages |  |  | 1,644 |  |  |  | 995 |
Accrued accounting and legal expenses |  |  | - |  |  |  | 0 |
Accrued third party labor |  |  | 131 |  |  |  | 1,477 |
Other |  |  | 1,621 |  |  |  | 1,654 |
Accrued expenses and other current liabilities |  | $ | 3,533 |  |  | $ | 4,710 |

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