v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 1,015 $ 3,895
Accounts receivable, net of allowance of $279 thousand and $288 thousand, respectively 44,668 39,281
Notes receivable 1,368 1,073
Prepaid expenses, deposits, and other assets 3,755 3,249
Prepaid workers' compensation 955 848
Total current assets 51,761 48,346
Property and equipment, net 3,996 4,050
Workers’ compensation claims payment deposit 1,128 1,128
Franchise agreements, net 16,789 17,242
Other intangible assets, net 6,709 6,980
Goodwill 1,633 1,633
Investment in unconsolidated affiliate 635 0
Deferred tax asset 1,957 1,868
Other assets 297 279
Notes receivable, net of current portion and allowance of $1.2 million 5,553 5,599
Intangible asset held for sale 672 1,102
Total assets 91,130 88,227
Current liabilities    
Accounts payable 567 192
Other current liabilities 2,091 2,186
Accrued payroll, benefits, and payroll taxes 1,635 1,800
Due to franchisees 10,457 7,004
Risk management incentive program liability 1,573 1,237
Workers' compensation claims liability 2,937 2,929
Total current liabilities 19,260 15,348
Workers' compensation claims liability, net of current portion 2,178 2,232
Franchisee deposits 2,358 2,326
Total liabilities 23,796 19,906
Commitments and contingencies (Note 11)
Stockholders' equity    
Preferred stock - $0.001 par value, 1,000,000 shares authorized; none issued 0 0
Common stock - $0.001 par value, 30,000,000 shares authorized; 13,940,285 and 14,079,692 shares issued, respectively 14 14
Additional paid-in capital 37,370 37,222
Treasury stock, at cost - 0 and 48,849 shares, respectively 0 (146)
Retained earnings 29,950 31,231
Total stockholders' equity 67,334 68,321
Total liabilities and stockholders' equity $ 91,130 $ 88,227