v3.25.2
Note 3 - Restatement of Previously Issued Consolidated Financial Statements (as Restated) - Balance Sheets (Details) - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
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  
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 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  
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 $ 29,541 $ 30,700 $ 40,056 40,246 $ 38,061
Total liabilities and equity 56,431       90,281  
Series B Preferred Stock [Member]            
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]            
Accounts payable 8,767       4,815  
Related Party [Member]            
Accounts payable $ 0       3,205  
Previously Reported [Member]            
Cash and cash equivalents     21,695   10,719  
Accounts receivable, net     37,963   59,776  
Prepaid expenses and other current assets     2,117   5,614  
Current assets of discontinued operations     0   0  
Total current assets     61,775   76,109  
Property and equipment, net     2,467   2,871  
Operating lease right-of-use assets     1,154   2,323  
Goodwill     1,238   1,382  
Intangible assets, net     718   1,180  
Deferred income taxes     1,029   4,687  
Other assets     1,644   1,729  
Non-current assets of discontinued operations     0   0  
Total assets     70,025   90,281  
Accrued expenses and other current liabilities     5,643   15,274  
Customer incentives and deposits     4,541   1,905  
Lines of credit and short-term loans     18,442   17,530  
Current operating lease liabilities     482   1,163  
Current liabilities of discontinued operations     0   0  
Total current liabilities     36,942   48,565  
Operating lease liabilities, less current portion     672   1,160  
Long-term debt     1,711   310  
Non-current liabilities of discontinued operations       0  
Total liabilities     39,325   50,035  
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      
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         (285)  
Additional paid-in capital     13,338   21,004  
Accumulated other comprehensive (loss)     (2,268)   (3,341)  
Retained earnings     20,151   10,609  
Total SPAR Group, Inc. equity     29,380   28,226  
Non-controlling interest     1,320   12,020  
Total equity   29,541 30,700 $ 40,056 40,246  
Total liabilities and equity     70,025   90,281  
Previously Reported [Member] | Series B Preferred Stock [Member]            
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         7  
Previously Reported [Member] | Nonrelated Party [Member]            
Accounts payable     7,211   9,488  
Previously Reported [Member] | Related Party [Member]            
Accounts payable     623   3,205  
Revision of Prior Period, Adjustment [Member]            
Cash and cash equivalents     0   (6,228)  
Accounts receivable, net     0   (16,670)  
Prepaid expenses and other current assets     0   (3,350)  
Current assets of discontinued operations     0   26,248  
Total current assets     0   0  
Property and equipment, net     0   (154)  
Operating lease right-of-use assets     0   (392)  
Goodwill     0   (88)  
Intangible assets, net     0   (2)  
Deferred income taxes     0   (1,365)  
Other assets     0   (2)  
Non-current assets of discontinued operations     0   2,003  
Total assets     0   0  
Accrued expenses and other current liabilities     0   (10,564)  
Customer incentives and deposits     0   0  
Lines of credit and short-term loans     0   0  
Current operating lease liabilities     0   (218)  
Current liabilities of discontinued operations     0   15,455  
Total current liabilities     0   0  
Operating lease liabilities, less current portion     0   (174)  
Long-term debt     0   0  
Non-current liabilities of discontinued operations     0   174  
Total liabilities     0   0  
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      
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     0   0  
Treasury stock, at cost 1,205,485 shares at December 31, 2024 and 205,485 Shares at December 31, 2023         0  
Additional paid-in capital     7,518   0  
Accumulated other comprehensive (loss)     0   0  
Retained earnings     (7,518)   0  
Total SPAR Group, Inc. equity     0   0  
Non-controlling interest     0   0  
Total equity   $ 0 0   0  
Total liabilities and equity     0   0  
Revision of Prior Period, Adjustment [Member] | Series B Preferred Stock [Member]            
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  
Revision of Prior Period, Adjustment [Member] | Nonrelated Party [Member]            
Accounts payable     0   (4,673)  
Revision of Prior Period, Adjustment [Member] | Related Party [Member]            
Accounts payable     $ 0   $ 0