v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 18,221 $ 4,491
Accounts receivable, net 24,766 43,106
Prepaid expenses and other current assets 3,009 2,264
Current assets of discontinued operations 0 26,248
Total current assets 45,996 76,109
Property and equipment, net 2,015 2,717
Operating lease right-of-use assets 630 1,931
Goodwill 856 1,294
Intangible assets, net 841 1,178
Deferred income taxes 4,259 3,322
Other assets 1,834 1,727
Non-current assets of discontinued operations 0 2,003
Total assets 56,431 90,281
Liabilities and equity    
Accrued expenses and other current liabilities 3,533 4,710
Customer incentives and deposits 892 1,905
Lines of credit and short-term loans 16,082 17,530
Current portion of long-term debt 500  
Current operating lease liabilities 276 945
Current liabilities of discontinued operations 0 15,455
Total current liabilities 30,050 48,565
Operating lease liabilities, less current portion 353 986
Long-term debt 1,722 310
Non-current liabilities of discontinued operations 0 174
Total liabilities 32,125 50,035
Commitments and contingencies – See Note 7
Equity:    
Common stock, $.01 par value: Authorized shares – 47,000,000 Issued and outstanding shares – 23,449,701 at December 31, 2024 and 23,241,000 at December 31, 2023 234 232
Treasury stock, at cost 1,205,485 shares at December 31, 2024 and 205,485 Shares at December 31, 2023 (2,075) (285)
Additional paid-in capital 19,886 21,004
Accumulated other comprehensive (loss) (1,198) (3,341)
Retained earnings 7,459 10,609
Total SPAR Group, Inc. equity 24,306 28,226
Non-controlling interest 0 12,020
Total equity 24,306 40,246
Total liabilities and equity 56,431 90,281
Series B Preferred Stock [Member]    
Equity:    
Preferred stock, Series - B. $.01 par value: Authorized and available shares– 2,000,000 Issued and outstanding shares– 0 at December 31, 2024 and 650,000 at December 31, 2023 0 7
Nonrelated Party [Member]    
Liabilities and equity    
Accounts payable 8,767 4,815
Related Party [Member]    
Liabilities and equity    
Accounts payable $ 0 $ 3,205