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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,273 $ 339
Accounts receivable, net 61,614 50,762
Transit accounts receivable 9,875 3,280
Prepaid expenses and other current assets 4,324 4,636
Total current assets 77,086 59,017
Property and equipment, net 2,158 2,098
Other assets:    
Deposits 169 173
Goodwill 22,147 22,147
Operating right of use asset 3,203 3,665
Intangible assets, net 774 864
Total other assets 26,293 26,849
Total assets 105,537 87,964
Current liabilities:    
Accounts payable and accrued expenses 12,947 14,147
Transit accounts payable 37,190 9,767
Accrued payroll and related costs 11,836 13,023
Finance lease payable 464 462
Income taxes payable 233 85
Operating right of use liability 1,091 1,349
Contingent consideration from acquisitions 300 472
Deferred revenue 504 1,119
Total current liabilities 64,565 40,424
Finance lease payable 0 232
Contingent consideration from acquisitions, net of current position 1,671 1,970
Operating right of use liability, net of current position 2,508 2,932
Borrowings under line of credit 14,851 8,783
Total liabilities 85,363 56,002
Contingencies (note 15)
Stockholders’ equity:    
Preferred stock, $1.00 par value; 5,000,000 shares authorized; no shares issued or outstanding 0 0
Common stock, $0.05 par value; 40,000,000 shares authorized; 17,516,469 shares issued and 7,934,088 shares outstanding at July 1, 2023 and 17,287,967 shares issued and 9,285,318 shares outstanding at December 31, 2022 873 863
Additional paid-in capital 115,314 113,878
Accumulated other comprehensive loss (2,857) (2,863)
Accumulated deficit (28,276) (36,096)
Treasury stock, 9,582,381 shares at July 1, 2023 and 8,002,649 shares at December 31, 2022, at cost (64,880) (43,820)
Total stockholders’ equity 20,174 31,962
Total liabilities and stockholders’ equity 105,537 87,964
Foreign Tax Authority [Member]    
Current liabilities:    
Deferred income taxes, net 169 166
Domestic Tax Authority [Member]    
Current liabilities:    
Deferred income taxes, net $ 1,599 $ 1,495