v3.25.2
Note 17 - Restatement (Unaudited) - Schedule of Restated Balance Sheet (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  
Additional paid-in capital 19,886       21,004  
Accumulated other comprehensive (loss) (1,198)       (3,341)  
Retained earnings 7,459       10,609  
Total stockholders' equity attributable to SPAR Group, Inc. 24,306       28,226  
Non-controlling interest 0       12,020  
Total stockholders’ equity 24,306 $ 29,541 $ 30,700 $ 40,056 40,246 $ 38,061
Total liabilities and stockholders’ equity 56,431       90,281  
Nonrelated Party [Member]            
Accounts payable 8,767       4,815  
Related Party [Member]            
Accounts payable $ 0       3,205  
Restated Amounts [Member]            
Cash and cash equivalents   19,652        
Accounts receivable, net   37,777        
Prepaid expenses and other current assets   3,078        
Current assets of discontinued operations   0        
Total current assets   60,507        
Property and equipment, net   2,142        
Operating lease right-of-use assets   838        
Goodwill   1,238        
Intangible assets, net   693        
Deferred income taxes   0        
Other assets   1,978        
Non-current assets of discontinued operations   0        
Total assets   67,396        
Accrued expenses and other current liabilities   3,713        
Customer incentives and deposits   1,678        
Lines of credit and short-term loans   18,538        
Current operating lease liabilities   508        
Current liabilities of discontinued operations   0        
Total current liabilities   34,280        
Operating lease liabilities, less current portion   330        
Long-term debt   1,538        
Non-current liabilities of discontinued operations   0        
Total liabilities   37,855        
Series B convertible preferred stock   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        
Treasury stock, at cost   (2,075)        
Additional paid-in capital   20,707        
Accumulated other comprehensive (loss)   (2,022)        
Retained earnings   12,451        
Total stockholders' equity attributable to SPAR Group, Inc.   29,295        
Non-controlling interest   246        
Total stockholders’ equity   29,541     40,246  
Total liabilities and stockholders’ equity   67,396        
Deferred income taxes, net   1,707        
Restated Amounts [Member] | Nonrelated Party [Member]            
Accounts payable   9,220        
Restated Amounts [Member] | Related Party [Member]            
Accounts payable   623        
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  
Series B convertible preferred stock     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     (2,075)      
Additional paid-in capital     13,338   21,004  
Accumulated other comprehensive (loss)     (2,268)   (3,341)  
Retained earnings     20,151   10,609  
Total stockholders' equity attributable to SPAR Group, Inc.     29,380   28,226  
Non-controlling interest     1,320   12,020  
Total stockholders’ equity   29,541 30,700 $ 40,056 40,246  
Total liabilities and stockholders’ equity     70,025   90,281  
Previously Reported [Member] | Nonrelated Party [Member]            
Accounts payable     7,211   9,488  
Previously Reported [Member] | Related Party [Member]            
Accounts payable     623   3,205  
Previously Reported [Member] | As Previously Reported [Member]            
Cash and cash equivalents   19,652        
Accounts receivable, net   37,777        
Prepaid expenses and other current assets   3,078        
Current assets of discontinued operations   0        
Total current assets   60,507        
Property and equipment, net   2,142        
Operating lease right-of-use assets   838        
Goodwill   1,238        
Intangible assets, net   693        
Deferred income taxes   0        
Other assets   1,978        
Non-current assets of discontinued operations   0        
Total assets   67,396        
Accrued expenses and other current liabilities   3,713        
Customer incentives and deposits   1,678        
Lines of credit and short-term loans   18,538        
Current operating lease liabilities   508        
Current liabilities of discontinued operations   0        
Total current liabilities   34,280        
Operating lease liabilities, less current portion   330        
Long-term debt   1,538        
Non-current liabilities of discontinued operations   0        
Total liabilities   37,855        
Series B convertible preferred stock   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        
Treasury stock, at cost   (2,075)        
Additional paid-in capital   13,151        
Accumulated other comprehensive (loss)   (2,022)        
Retained earnings   20,007        
Total stockholders' equity attributable to SPAR Group, Inc.   29,295        
Non-controlling interest   246        
Total stockholders’ equity   29,541     40,246  
Total liabilities and stockholders’ equity   67,396        
Deferred income taxes, net   1,707        
Previously Reported [Member] | As Previously Reported [Member] | Nonrelated Party [Member]            
Accounts payable   9,220        
Previously Reported [Member] | As Previously Reported [Member] | Related Party [Member]            
Accounts payable   623        
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  
Series B convertible preferred stock     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     0      
Additional paid-in capital     7,518   0  
Accumulated other comprehensive (loss)     0   0  
Retained earnings     (7,518)   0  
Total stockholders' equity attributable to SPAR Group, Inc.     0   0  
Non-controlling interest     0   0  
Total stockholders’ equity   0 0   0  
Total liabilities and stockholders’ equity     0   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  
Revision of Prior Period, Adjustment [Member] | Restated Amounts [Member]            
Cash and cash equivalents   0        
Accounts receivable, net   0        
Prepaid expenses and other current assets   0        
Current assets of discontinued operations   0        
Total current assets   0        
Property and equipment, net   0        
Operating lease right-of-use assets   0        
Goodwill   0        
Intangible assets, net   0        
Deferred income taxes   0        
Other assets   0        
Non-current assets of discontinued operations   0        
Total assets   0        
Accrued expenses and other current liabilities   0        
Customer incentives and deposits   0        
Lines of credit and short-term loans   0        
Current operating lease liabilities   0        
Current liabilities of discontinued operations   0        
Total current liabilities   0        
Operating lease liabilities, less current portion   0        
Long-term debt   0        
Non-current liabilities of discontinued operations   0        
Total liabilities   0        
Series B convertible preferred stock   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        
Treasury stock, at cost   0        
Additional paid-in capital   7,556        
Accumulated other comprehensive (loss)   0        
Retained earnings   (7,556)        
Total stockholders' equity attributable to SPAR Group, Inc.   0        
Non-controlling interest   0        
Total stockholders’ equity   0        
Total liabilities and stockholders’ equity   0        
Deferred income taxes, net   0        
Revision of Prior Period, Adjustment [Member] | Restated Amounts [Member] | Nonrelated Party [Member]            
Accounts payable   0        
Revision of Prior Period, Adjustment [Member] | Restated Amounts [Member] | Related Party [Member]            
Accounts payable   $ 0        
Restated Amounts [Member]            
Cash and cash equivalents     21,695      
Accounts receivable, net     37,963      
Prepaid expenses and other current assets     2,117      
Current assets of discontinued operations     0      
Total current assets     61,775      
Property and equipment, net     2,467      
Operating lease right-of-use assets     1,154      
Goodwill     1,238      
Intangible assets, net     718      
Deferred income taxes     1,029      
Other assets     1,644      
Non-current assets of discontinued operations     0      
Total assets     70,025      
Accrued expenses and other current liabilities     5,643      
Customer incentives and deposits     4,541      
Lines of credit and short-term loans     18,442      
Current operating lease liabilities     482      
Current liabilities of discontinued operations     0      
Total current liabilities     36,942      
Operating lease liabilities, less current portion     672      
Long-term debt     1,711      
Non-current liabilities of discontinued operations          
Total liabilities     39,325      
Series B convertible preferred stock     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      
Treasury stock, at cost     (2,075)      
Additional paid-in capital     20,856      
Accumulated other comprehensive (loss)     (2,268)      
Retained earnings     12,633      
Total stockholders' equity attributable to SPAR Group, Inc.     29,380      
Non-controlling interest     1,320      
Total stockholders’ equity     30,700      
Total liabilities and stockholders’ equity     70,025      
Restated Amounts [Member] | Nonrelated Party [Member]            
Accounts payable     7,211      
Restated Amounts [Member] | Related Party [Member]            
Accounts payable     $ 623