Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2022 | May 04, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0001004989 | |
Entity Registrant Name | SPAR GROUP, Inc. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2022 | |
Document Transition Report | false | |
Entity File Number | 0-27408 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 33-0684451 | |
Entity Address, Address Line One | 1910 Opdyke Court | |
Entity Address, City or Town | Auburn Hills | |
Entity Address, State or Province | MI | |
Entity Address, Postal Zip Code | 48326 | |
City Area Code | 248 | |
Local Phone Number | 364-7727 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Title of 12(b) Security | Common | |
Trading Symbol | SGRP | |
Security Exchange Name | NASDAQ | |
Entity Common Stock, Shares Outstanding | 21,845,414 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Net revenues | $ 58,994 | $ 61,097 |
Related party - cost of revenues | 2,145 | 1,864 |
Cost of revenues | 45,018 | 46,974 |
Gross profit | 11,831 | 12,259 |
Selling, general and administrative expense | 9,254 | 9,011 |
Depreciation and amortization | 510 | 530 |
Operating income | 2,067 | 2,718 |
Interest expense | 149 | 147 |
Other (income), net | (87) | (75) |
Income before income tax expense | 2,005 | 2,646 |
Income tax expense | 551 | 865 |
Net income | 1,454 | 1,781 |
Net (income) attributable to non-controlling interest | (780) | (864) |
Net income attributable to SPAR Group, Inc. | $ 674 | $ 917 |
Basic income per common share: (in dollars per share) | $ 0.03 | $ 0.04 |
Diluted income per common share: (in dollars per share) | $ 0.03 | $ 0.04 |
Weighted average common shares – basic (in shares) | 21,583 | 21,188 |
Weighted average common shares – diluted (in shares) | 21,729 | 21,581 |
Net income | $ 1,454 | $ 1,781 |
Other comprehensive income (loss): | ||
Foreign currency translation adjustments | (374) | (1,835) |
Comprehensive income (loss) | 1,080 | (54) |
Comprehensive loss attributable to non-controlling interest | 1,196 | 773 |
Comprehensive income attributable to SPAR Group, Inc. | $ 2,276 | $ 719 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash, cash equivalents and restricted cash | $ 14,061 | $ 13,473 |
Accounts receivable, net | 59,997 | 54,171 |
Prepaid expenses and other current assets | 5,750 | 4,382 |
Total current assets | 79,808 | 72,026 |
Property and equipment, net | 3,005 | 2,929 |
Operating lease right-of-use assets | 1,539 | 1,781 |
Goodwill | 4,179 | 4,166 |
Intangible assets, net | 2,488 | 2,295 |
Deferred income taxes | 5,511 | 4,468 |
Other assets | 1,694 | 1,351 |
Total assets | 98,224 | 89,016 |
Liabilities and equity | ||
Accounts payable | 8,787 | 8,943 |
Accrued expenses and other current liabilities | 23,054 | 22,031 |
Due to affiliates | 3,333 | 3,270 |
Customer incentives and deposits | 3,132 | 3,901 |
Lines of credit and short-term loans | 15,831 | 11,042 |
Current portion of operating lease liabilities | 814 | 1,019 |
Total current liabilities | 54,951 | 50,206 |
Operating lease liabilities, less current portion | 725 | 762 |
Long-term debt and other liabilities | 700 | 700 |
Total liabilities | 56,376 | 51,668 |
Commitments and contingencies – See Note 9 | ||
Equity: | ||
Common stock, $.01 par value: Authorized shares – 47,000,000 Issued shares – 21,845,414 – Balance at March 31, 2022, and 21,320,312 – December 31, 2021 | 218 | 213 |
Treasury stock, at cost 54,329 shares – Balance at March 31, 2022 and December 31, 2021 | (104) | (104) |
Additional paid-in capital | 20,629 | 17,231 |
Accumulated other comprehensive loss | (3,426) | (5,028) |
Retained earnings | 8,113 | 7,439 |
Total SPAR Group, Inc. equity | 25,447 | 19,751 |
Non-controlling interest | 16,401 | 17,597 |
Total equity | 41,848 | 37,348 |
Total liabilities and equity | 98,224 | 89,016 |
Series A Preferred Stock [Member] | ||
Equity: | ||
Preferred stock | 0 | 0 |
Series B Convertible Preferred Stock [Member] | ||
Equity: | ||
Preferred stock | $ 17 | $ 0 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Mar. 31, 2022 | Dec. 31, 2021 |
Preferred stock, par value (in dollars per share) | $ 0.01 | |
Preferred stock, shares authorized (in shares) | 3,000,000 | |
Common stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized (in shares) | 47,000,000 | 47,000,000 |
Common stock, shares issued (in shares) | 21,845,414 | 21,320,312 |
Treasury stock, shares (in shares) | 54,329 | 54,329 |
Series A Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 2,445,598 | 2,445,598 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Series B Convertible Preferred Stock [Member] | ||
Preferred stock, par value (in dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized (in shares) | 2,000,000 | 2,000,000 |
Preferred stock, shares issued (in shares) | 1,650,000 | 0 |
Preferred stock, shares outstanding (in shares) | 1,650,000 | 0 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Preferred Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Noncontrolling Interest [Member] | Total |
Balance (in shares) at Dec. 31, 2020 | 21,122 | 2 | ||||||
Balance at Dec. 31, 2020 | $ 211 | $ (2) | $ 16,645 | $ (3,913) | $ 9,218 | $ 16,463 | $ 38,622 | |
Share-based compensation | 99 | 99 | ||||||
Other comprehensive income (loss) | (198) | (1,637) | (1,835) | |||||
Net income | 917 | 864 | 1,781 | |||||
Exercise of stock options (in shares) | 131 | |||||||
Exercise of stock options | (66) | (65) | ||||||
Balance (in shares) at Mar. 31, 2021 | 21,253 | 2 | ||||||
Balance at Mar. 31, 2021 | $ 212 | $ (2) | 16,678 | (4,111) | 10,135 | 15,690 | 38,602 | |
Balance (in shares) at Dec. 31, 2021 | 21,320 | 0 | 54 | |||||
Balance at Dec. 31, 2021 | $ 213 | $ 0 | $ (104) | 17,231 | (5,028) | 7,439 | 17,597 | 37,348 |
Share-based compensation | 0 | 0 | 150 | |||||
Majority stockholders change in control agreement: Issuance of Preferred Stock (in shares) | 0 | 2,000 | 0 | |||||
Majority stockholders change in control agreement: Issuance of Preferred Stock | $ 0 | $ 20 | $ 0 | 3,248 | 0 | 0 | 0 | 3,268 |
Conversion of preferred stock to common stock (in shares) | 525 | (350) | 0 | |||||
Conversion of preferred stock to common stock | $ 5 | $ (3) | $ 0 | 0 | 0 | 0 | 0 | 2 |
Other comprehensive income (loss) | $ 0 | $ 0 | $ 0 | 0 | 1,602 | 0 | (1,976) | (374) |
Net income | 0 | 0 | 674 | 780 | 1,454 | |||
Balance (in shares) at Mar. 31, 2022 | 21,845 | 1,650 | 54 | |||||
Balance at Mar. 31, 2022 | $ 218 | $ 17 | $ (104) | $ 20,629 | $ (3,426) | $ 8,113 | $ 16,401 | $ 41,848 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Operating activities | |||
Net income | $ 1,454 | $ 1,781 | |
Adjustments to reconcile net income to net cash provided by (used in) operating activities | |||
Depreciation and amortization | 510 | 530 | |
Non-cash lease expense | 241 | 421 | |
Bad debt expense, net of recoveries | 34 | 69 | |
Share-based compensation | 150 | 99 | |
Majority stockholders change in control agreement | (420) | 0 | |
Changes in operating assets and liabilities: | |||
Accounts receivable | (5,780) | (6,100) | |
Prepaid expenses and other assets | (1,716) | 857 | |
Accounts payable | (145) | 1,384 | |
Operating lease liabilities | (242) | (421) | |
Accrued expenses, other current liabilities and customer incentives and deposits | 2,916 | 3,773 | |
Net cash (used in) provided by operating activities | (2,998) | 2,393 | |
Investing activities | |||
Purchases of property and equipment and capitalized software | (478) | (332) | |
Net cash used in investing activities | (478) | (332) | |
Financing activities | |||
Borrowings under line of credit | 19,271 | 15,715 | |
Repayments under line of credit | (14,446) | (12,069) | |
Cash received (payments) from stock options exercised | 0 | (65) | |
Net cash provided by financing activities | 4,825 | 3,581 | |
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | (761) | (1,901) | |
Net change in cash, cash equivalents and restricted cash | 588 | 3,741 | |
Cash, cash equivalents and restricted cash at beginning of period | 13,473 | 15,972 | $ 15,972 |
Cash, cash equivalents and restricted cash at end of period | 14,061 | 19,713 | $ 13,473 |
Supplemental disclosure of cash flows information: | |||
Interest paid | 162 | 159 | |
Income taxes paid | 611 | 550 | |
Non-cash Majority Stockholders Agreement | $ 3,270 | $ 0 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Basis of Accounting [Text Block] | 1. Basis of Presentation Basis of Presentation and Consolidation The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“ U.S. GAAP SEC Unaudited Interim Consolidated Financial Information The accompanying interim condensed consolidated balance sheet as of March 31, 2022 three 3 March 31, 2022 2021, three 3 March 31, 2022 2021, March 31, 2022, three 3 March 31, 2022 2021, three 3 March 31, 2022 2021 three 3 March 31, 2022 not These unaudited condensed consolidated financial statements should be read in conjunction with the annual consolidated financial statements and notes thereto for the Company as contained in the Company's Annual Report on Form 10 December 31, 2021, April 15, 2022, 10 December 31, 2021, May 2, 2022 ( Annual Report 1, 1A, 10 . |
Note 2 - Business
Note 2 - Business | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 2. Business SPAR Group, Inc., a Delaware corporation (“ SGRP SPAR Group Company We Our 50 25,000 11 nine five 5 The Company historically operated under two January 1, 2022, three APAC EMEA Novel Coronavirus (Covid- 19 The COVID- 19 not 2021 March 2022, zero 19 no 2021, not |
Note 3 - Restricted Cash
Note 3 - Restricted Cash | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Cash and Cash Equivalents Disclosure [Text Block] | 3. Restricted Cash Fifth Third Credit Facility One of the Company’s consolidated subsidiaries, Resource Plus of North Florida, Inc. (“ Resource Plus Fifth Third Credit Facility June 16, 2022. December 31, 2021. Resource Plus closed the line of credit with Fifth Third Bank on March 11, 2022. The Company's total cash, cash equivalents and restricted cash, as presented in the consolidated statements of cash flow, was as follows (in millions): March 31, 2022 December 31, 2021 Cash and cash equivalents $ 13,206 $ 13,473 Restricted cash included in cash, cash equivalents and restricted cash 855 - Total as presented in the consolidated statement of cash flows $ 14,061 $ 13,473 |
Note 4 - Earnings Per Share
Note 4 - Earnings Per Share | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 4. Earnings Per Share The following table sets forth the computations of basic and diluted net income per share (in thousands, except per share data): Three Months Ended March 31, 2022 2021 Numerator: Net income attributable to SPAR Group, Inc. $ 674 $ 917 Denominator: Shares used in basic net income per share calculation 21,583 21,188 Effect of diluted securities: Stock options and unvested restricted shares 146 393 Shares used in diluted net income per share calculations 21,729 21,581 Basic net income per common share: $ 0.03 $ 0.04 Diluted net income per common share: $ 0.03 $ 0.04 |
Note 5 - Credit Facilities and
Note 5 - Credit Facilities and Other Debt | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | 5. Credit Facilities and Other Debt Domestic Credit Facilities North Mill Capital Credit Facility The Company, under SPAR Marketing Force (“ SMF , NM Credit Facility NM In order to obtain, document and govern the NM Credit Facility, SGRP and certain of its direct and indirect subsidiaries in the United States and Canada, entered into a 18-month individual Loan and Security Agreements with NM dated as of April 10, 2019. On January 5, 2021, January 4, 2021, December 31, 2020 ( First Modification Agreement October 10, 2021 April 10, 2022, January 1, 2021 June 30, 2021, The NM Credit Facility, as amended by the First Modification Agreement continued to require the Company to pay interest on the loans equal to: (A) Prime Rate designated by Wells Fargo Bank; plus (B) one hundred twenty-five first $10.5 one $1 $14.5 On March 22, 2021, April 1, 2021 ( Second Modification Agreement April 10, 2022 October 10, 2023, one hundred twenty-five first $10.5 one $1 $16.5 On March 31, 2022, The NM Credit Facility contains certain financial and other restrictive covenants and also limits certain expenditures by the Company, including maintaining a positive trailing EBITDA for each Borrower, limits on non-ordinary course payments and transactions, incurring or guarantying indebtedness, increases in executive, officer or director compensation, capital expenditures and other investments. The Company was in compliance with such covenants as of March 31, 2022. Resource Plus Seller Notes Effective with the closing of the Resource Plus acquisition, the Company entered into promissory notes with the sellers totaling $2.3 million. The notes are payable in annual installments at various amounts due on December 31st December 31, 2018 December 31, 2023. March 31, 2022 International Credit Facilities SPARFACTS Australia Pty. Ltd. has a secured line of credit facility with National Australia Bank, effective October 31, 2017, March 31, 2022 March 31, 2022 SPAR China has secured a loan with Industrial and Commercial Bank of China, effective December 21, 2021, March 31, 2022). November 4, 2022. March 31, 2022. March 31, 2022 SPAR China has secured a loan with People's Bank of China for 1.0 million Chinese Yuan or approximately $158,000 USD (based upon the exchange rate at March 31, 2022). June 7, 2022. March 31, 2022. March 31, 2022 SPAR China has secured a loan with Industrial Bank for 3.0 million Chinese Yuan or approximately $473,000 USD (based upon the exchange rate at March 31, 2022). December 18, 2022. March 31, 2022. March 31, 2022 SGRP Meridian has secured a loan with Investec Bank Ltd, for 30.0 million South African Rand or approximately $2.0 million USD (based upon the exchange rate at March 31, 2022). July 13, 2022. March 31, 2022. March 31, 2022 Interest Rate as of March 31, 2022 2022 2023 2024 2025 2026 2027 Australia - National Australia Bank 6.56 % 124 - - - - - China- Industrial & Commercial Bank 4.15 % 315 - - - - - China- People's Bank of China 3.65 % 158 - - - - - China- Industrial Bank 6.00 % 473 - - - - - South Africa - Investec Bank Ltd. 7.75 % 2,002 - - - - - USA - North Mill Capital 5.25 % 12,459 - - - - - USA - Resource Plus Seller Notes 1.85 % 300 700 - - - - Total $ 15,831 $ 700 $ - $ - $ - $ – Summary of Unused Company Credit and Other Debt Facilities (in thousands): March 31, December 31, 2022 2021 Unused Availability: United States / Canada $ 2,540 $ 5,319 Australia 477 455 China 158 157 Mexico 378 743 Total Unused Availability $ 3,553 $ 6,674 Management believes that based upon the continuation of the Company's existing credit facilities, projected results of operations, vendor payment requirements and other financing available to the Company (including amounts due to affiliates), sources of cash availability should be manageable and sufficient to support ongoing operations over the next year. However, delays in collection of receivables due from any of the Company's major clients, or a significant reduction in business from such clients could have a material adverse effect on the Company's cash resources and its ongoing ability to fund operations. |
Note 6 - Related-party Transact
Note 6 - Related-party Transactions | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 6. Related-Party Transactions SPAR's policy respecting approval of transactions with related persons, promoters and control persons is contained in the SPAR Group Code of Ethical Conduct for its Directors, Executives, Officers, Employees, Consultants and other Representatives Amended and Restated (as of) March 15, 2018 ( Ethics Code SPAR's Audit Committee has the specific duty and responsibility to review and approve the overall fairness to the Company and terms of all material related-party transactions and payments. The Audit Committee periodically (often annually) reviews, in accordance with the Audit Committee Charter, the Ethics Code, the Nasdaq rules and other applicable law to ensure that the overall economic and other terms will be (or continue to be) no Domestic Related Party Transactions Change of Control, Voting and Restricted Stock Agreement Approved by the majority of the Board and the Audit Committee and accepted by the Majority Stockholders on December 31, 2021, January 28, 2022, CIC Agreement Mr. Brown Mr. Bartels SAS SBS Majority Stockholders Agreemen The financial terms of the CIC Agreement to the Majority Stockholders, totaling $4,477,585 and fully accrued in December 2021, a. The Corporation issued to the Majority Stockholders 2,000,000 restricted shares of Series B Preferred Stock which are convertible into SGRP Shares subject to the conversion ratio as set forth in the CIC Agreement of 1:1.5 November 10, 2023 five 5 may December 31, 2021 January 2022, January 28, 2022 March 31, 2022. December 31, 2021 March 31, 2022. b. The Corporation made a $250,000 cash payment to Mr. Brown and agreed to reimburse up to $35,000 of the legal expenses of the Majority Stockholders that were incurred after January 1, 2021 Q1 2022. c. The Corporation assumed financial responsibility for, and will pay directly to Affinity Insurance Company, Ltd., $502,585 to settle SAS obligations and the related claim for the 2014 2015 Q1 2022. James R. Brown, Sr. Advisor Agreement Effective January 26, 2022, January 25, 2022, one 1 Brown Advisor Agreement Panagiotis Lazaretos Consulting Agreement Effective February 1, 2022, Lazaretos Consulting Agreemen January 25, 2022, first twelve 12 January 31, 2024. one may 180 Panos February 4, 2021 Other Domestic Related Party Transactions National Merchandising Services, LLC (" NMS NMA not NSRS September 2018 June 2021, July 2021, NRSS $2.1M $1.8M March 31, 2022 2021, Resource Plus of North Florida, Inc. (" Resource Plus three March 31, 2022 2021, International Related Party Services SGRP Meridian (Pty), Ltd. (" Meridian 401 December 31, 2021, CMR MHT one January 1, 2022 The Corporation's principal Brazilian subsidiary, SPAR BSMT, is owned 51% by the Company, 39% by JK Consultoria Empresarial Ltda.-ME, a Brazilian limitada (" JKC JDM September 13, 2016. SPARFACTS is a consolidated international joint venture of the Company and is owned 51% by SGRP and 49% by Ms. Lydna Chapman. Ms. Chapman is a director of SPARFACTS. Her various companies provide office lease, accounting and consultant services to SPARFACTS. The costs associated with these activities were approximately $91,000 and $76,000 for the three March 31, 2022 2021, Summary of Certain Related Party Transactions Due to affiliates consists of the following (in thousands): March 31, December 31, 2022 2021 Loans from local investors: (1) Australia $ 656 $ 597 Mexico 623 623 China 1,788 1,784 Resource Plus 266 266 Total due to affiliates $ 3,333 $ 3,270 ( 1 Represent loans due from the local investors into the Company's subsidiaries (representing their proportionate share of working capital loans). The loans have no Bartels' Retirement and Director Compensation Mr. William H. Bartels retired as an employee of the Company as of January 1, 2020 July 8, 1999. one January 18, 2020, five January 1, 2020, December 31, 2024 ( Five-Year Period March 31, 2022 Other Related Party Transactions and Arrangements SPAR Business Services, Inc. (" SBS Infotech not In July 1999 SPAR |
Note 7 - Preferred Stock
Note 7 - Preferred Stock | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Preferred Stock [Text Block] | 7. Preferred Stock SGRP's certificate of incorporation authorizes it to issue 3,000,000 shares of preferred stock with a par value of $0.01 per share, which may may SGRP Series A Preferred Stock one 2011 March 31, 2022 no On January 28, 2022, CIC Agreement January 25, 2022, Certificate of Elimination no Subsequent to filing the Certificate of Elimination, on January 25, 2022, Preferred Designation January 25, 2022. $.01 Preferred Stock not 1 March 31, 2022, |
Note 8 - Stock-based Compensati
Note 8 - Stock-based Compensation and Other Plans | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | 8. Stock-Based Compensation and Other Plans The Company recognized approximately $110,000 and $96,000 in stock-based compensation expense relating to stock option awards during the three March 31, 2022 2021, three 3 March 31, 2022 2021 March 31, 2022, During the three 3 March 31, 2022 2021, three 3 March 31, 2022 2021 March 31, 2022, 2021 On June 4, 2021, Compensation Committee 2021 2021 August 12, 2021. 2021 August 12, 2021 ( 2021 May 31, 2022 ( 2021 2021 May 31, 2022 ( 2022 The 2021 SGRP Shares Maximum Award 2021 New Awards New Award Shares not not Option Awards under the 2021 fifth 2021 not 2021 not 2021 four four 4 first three three 3 first one four 4 one 1 three March 31, 2021, 2021 2020 The Board authorized and approved the revised proposed 2020 2020 January 19, 2021 ( 2020 2020 The 2020 four 2020 May 1, 2021 ( 2020 SGRP Shares plus first three 3 December 1, 2020, April 30, 2021 ( 2020 20 21 2020 one 1 2020 2020 The 2020 19 February 4, 2021. 2020 May 1, 2021, no 2018 2008 As of March 31, 2022, 2018 2008 May 31, 2019, 2018 no 2018 Inducement Stock Award Summary Nasdaq Rules permit the grant of options, RSUs and other stock-based awards outside of stockholder approved plans to induce executives to accept employment with the Corporation. Such inducement awards require Board approval, but do not On August 2, 2021, one 1 On August 2, 2021, one 1 On February 22, 2021, one 1 May 15, 2022, May 15 2031, one 1 February 22, 2022. On August 31, 2020, twenty-five August 31, 2021, three three August 31, 2021, August 31, 2024. |
Note 9 - Commitments and Contin
Note 9 - Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 9. Commitments and Contingencies Legal Matters The Company is a party to various legal actions and administrative proceedings arising in the normal course of business. In the opinion of Company's management, resolution of these matters is not All prior litigations associated with the Company through SPAR Business Services, Inc., a corporation (" SBS March 31, 2022, September 20, 2019 four 4 $ 325,000 December, 2022. |
Note 10 - Segment Information
Note 10 - Segment Information | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 10. Segment Information The Company reports net revenues from operating income by reportable segment. Reportable segments are components of the Company for which separate financial information is available that is evaluated on a regular basis by the management in deciding how to allocate resources and in assessing performance. The Company provides similar merchandising, business technology and marketing services throughout the world. The Company historically operated within two ( 2 The Company continues to evaluate the global growth strategy. To better leverage the regional footprint to align with global growth strategy, effective January 1, 2022, two 2 3 APAC EMEA The operations and performance metrics for each country remains unchanged; the accounting policies for each country also remains the same. Therefore the change of segment reporting has no Three Months Ended March 31, 2022 2021 Revenue: Americas $ 42,978 $ 45,114 APAC 6,818 8,262 EMEA 9,198 7,721 Total revenue $ 58,994 $ 61,097 Operating income: Americas $ 1,780 $ 2,328 APAC (441 ) 23 EMEA 728 367 Total operating income $ 2,067 $ 2,718 Interest expense (income): Americas $ 101 $ 134 APAC (1 ) 7 EMEA 49 6 Total interest expense $ 149 $ 147 Other expense (income), net: Americas $ (7 ) $ 14 APAC (16 ) (47 ) EMEA (64 ) (42 ) Total other expense (income), net $ (87 ) $ (75 ) Income before income tax expense: Americas $ 1,686 $ 2,180 APAC (424 ) 63 EMEA 743 403 Total income before income tax expense $ 2,005 $ 2,646 Income tax expense: Americas $ 370 $ 791 APAC (6 ) 49 EMEA 187 25 Total income tax expense $ 551 $ 865 Net income: Americas $ 1,316 $ 1,389 APAC (418 ) 14 EMEA 556 378 Total net income $ 1,454 $ 1,781 Net (income) loss attributable to non-controlling interest: Americas $ (548 ) $ (515 ) APAC 153 (4 ) EMEA (385 ) (345 ) Total net (income) attributable to non-controlling interest $ (780 ) $ (864 ) Net income (loss) attributable to SPAR Group, Inc.: Americas $ 768 $ 874 APAC (265 ) 10 EMEA 171 33 Total net income (loss) attributable to SPAR Group, Inc. $ 674 $ 917 Depreciation and amortization: Americas $ 485 $ 502 APAC 14 18 EMEA 11 10 Total depreciation and amortization $ 510 $ 530 Capital expenditures: Americas $ 466 $ 294 APAC 5 36 EMEA 7 2 Total capital expenditures $ 478 $ 332 Note: There were no inter-company sales for the three 3 March 31, 2022 2021 March 31, December 31, 2022 2021 Assets: Americas $ 74,070 $ 65,689 APAC 8,110 10,023 EMEA 16,044 13,304 Total assets $ 98,224 $ 89,016 March 31, December 31, 2022 2021 Long lived assets: Americas $ 6,311 $ 7,517 APAC (1,648 ) (1,818 ) EMEA 283 362 Total long lived assets $ 4,946 $ 6,061 Geographic Data Three Months Ended March 31, 2022 2021 % of % of consolidated consolidated Revenue by country: net revenue net revenue United States $ 23,353 39.7 % $ 23,676 38.8 % Brazil 15,568 26.4 12,300 20.1 South Africa 9,198 15.6 7,722 12.6 Mexico 2,410 4.1 7,259 11.9 China 2,860 4.8 3,263 5.3 Japan 2,023 3.4 2,450 4.0 Canada 1,647 2.8 1,878 3.1 India 1,616 2.7 2,226 3.6 Australia 319 0.5 323 0.6 Total revenue $ 58,994 100 % $ 61,097 100 % |
Note 11 - Recent Accounting Pro
Note 11 - Recent Accounting Pronouncements | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 11. Recent Accounting Pronouncements The Company reviews new accounting pronouncements as they are issued or proposed by the Financial Accounting Standards Board (“ FASB Not In June 2016, No. 2016 13, 326 326 not 326 January 1, 2020, November 2019, December 15, 2022 not 326 |
Note 12 - Leases
Note 12 - Leases | 3 Months Ended |
Mar. 31, 2022 | |
Notes to Financial Statements | |
Lessee, Operating Leases [Text Block] | 12. Leases The Company is a lessee under certain operating leases for office space and equipment. ASC 842 ROU Under ASC 842, Many of SPAR's equipment leases are short-term or cancellable with notice. SPAR’s office space leases have remaining lease terms between one eleven one 1 may no not may not not not Certain of SPAR’s leases include covenants that oblige SPAR, at its sole expense, to repair and maintain the leased asset periodically during the lease term. SPAR is not Many of SPAR's office space leases include fixed and variable payments. Variable payments relate to real estate taxes, insurance, operating expenses, and common area maintenance, which are usually billed at actual amounts incurred proportionate to SPAR's rented square feet of the building. Variable payments that do not not Some of SPAR's leases contain both lease and non-lease components. Fixed and variable payments are allocated to each component relative to observable or estimated standalone prices. SPAR measures its variable lease costs as the portion of variable payments that are allocated to lease components. SPAR measures its lease liability for each leased asset as the present value of lease payments, as defined in ASC 842, The components of SPAR's lease expenses for the three 3 March 31, 2022 2021 Three Months Ended March 31, Lease Costs Classification 2022 2021 Operating lease cost Selling, General and Administrative Expense $ 141 $ 217 Short-term lease cost Selling, General and Administrative Expense 124 $ 302 Variable costs Selling, General and Administrative Expense 29 $ 50 Total lease cost $ 294 $ 569 Supplemental cash flow information related to SPAR’s leases for three 3 March 31, 2022 2021 Three Months Ended March 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities $ 272 $ 520 Assets obtained in exchange for new operating lease liabilities Operating lease $ - $ - At March 31, 2022 Period Ending December 31, Amount 2022 $ 748 2023 384 2024 247 2025 392 2026 45 Thereafter 96 Total Lease Payments $ 1,912 Less: imputed interest 373 Total $ 1,539 |
Note 3 - Restricted Cash (Table
Note 3 - Restricted Cash (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Cash and Cash Equivalents [Table Text Block] | March 31, 2022 December 31, 2021 Cash and cash equivalents $ 13,206 $ 13,473 Restricted cash included in cash, cash equivalents and restricted cash 855 - Total as presented in the consolidated statement of cash flows $ 14,061 $ 13,473 |
Note 4 - Earnings Per Share (Ta
Note 4 - Earnings Per Share (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended March 31, 2022 2021 Numerator: Net income attributable to SPAR Group, Inc. $ 674 $ 917 Denominator: Shares used in basic net income per share calculation 21,583 21,188 Effect of diluted securities: Stock options and unvested restricted shares 146 393 Shares used in diluted net income per share calculations 21,729 21,581 Basic net income per common share: $ 0.03 $ 0.04 Diluted net income per common share: $ 0.03 $ 0.04 |
Note 5 - Credit Facilities an_2
Note 5 - Credit Facilities and Other Debt (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Interest Rate as of March 31, 2022 2022 2023 2024 2025 2026 2027 Australia - National Australia Bank 6.56 % 124 - - - - - China- Industrial & Commercial Bank 4.15 % 315 - - - - - China- People's Bank of China 3.65 % 158 - - - - - China- Industrial Bank 6.00 % 473 - - - - - South Africa - Investec Bank Ltd. 7.75 % 2,002 - - - - - USA - North Mill Capital 5.25 % 12,459 - - - - - USA - Resource Plus Seller Notes 1.85 % 300 700 - - - - Total $ 15,831 $ 700 $ - $ - $ - $ – |
Credit And Debt Facilities Unused Availability [Table Text Block] | March 31, December 31, 2022 2021 Unused Availability: United States / Canada $ 2,540 $ 5,319 Australia 477 455 China 158 157 Mexico 378 743 Total Unused Availability $ 3,553 $ 6,674 |
Note 6 - Related-party Transa_2
Note 6 - Related-party Transactions (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Related Party Transactions [Table Text Block] | Due to affiliates consists of the following (in thousands): March 31, December 31, 2022 2021 Loans from local investors: (1) Australia $ 656 $ 597 Mexico 623 623 China 1,788 1,784 Resource Plus 266 266 Total due to affiliates $ 3,333 $ 3,270 |
Note 10 - Segment Information (
Note 10 - Segment Information (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Three Months Ended March 31, 2022 2021 Revenue: Americas $ 42,978 $ 45,114 APAC 6,818 8,262 EMEA 9,198 7,721 Total revenue $ 58,994 $ 61,097 Operating income: Americas $ 1,780 $ 2,328 APAC (441 ) 23 EMEA 728 367 Total operating income $ 2,067 $ 2,718 Interest expense (income): Americas $ 101 $ 134 APAC (1 ) 7 EMEA 49 6 Total interest expense $ 149 $ 147 Other expense (income), net: Americas $ (7 ) $ 14 APAC (16 ) (47 ) EMEA (64 ) (42 ) Total other expense (income), net $ (87 ) $ (75 ) Income before income tax expense: Americas $ 1,686 $ 2,180 APAC (424 ) 63 EMEA 743 403 Total income before income tax expense $ 2,005 $ 2,646 Income tax expense: Americas $ 370 $ 791 APAC (6 ) 49 EMEA 187 25 Total income tax expense $ 551 $ 865 Net income: Americas $ 1,316 $ 1,389 APAC (418 ) 14 EMEA 556 378 Total net income $ 1,454 $ 1,781 Net (income) loss attributable to non-controlling interest: Americas $ (548 ) $ (515 ) APAC 153 (4 ) EMEA (385 ) (345 ) Total net (income) attributable to non-controlling interest $ (780 ) $ (864 ) Net income (loss) attributable to SPAR Group, Inc.: Americas $ 768 $ 874 APAC (265 ) 10 EMEA 171 33 Total net income (loss) attributable to SPAR Group, Inc. $ 674 $ 917 Depreciation and amortization: Americas $ 485 $ 502 APAC 14 18 EMEA 11 10 Total depreciation and amortization $ 510 $ 530 Capital expenditures: Americas $ 466 $ 294 APAC 5 36 EMEA 7 2 Total capital expenditures $ 478 $ 332 |
Reconciliation of Assets from Segment to Consolidated [Table Text Block] | March 31, December 31, 2022 2021 Assets: Americas $ 74,070 $ 65,689 APAC 8,110 10,023 EMEA 16,044 13,304 Total assets $ 98,224 $ 89,016 |
Reconciliation Of Long Lived Assets From Segments To Consolidated [Table Text Block] | March 31, December 31, 2022 2021 Long lived assets: Americas $ 6,311 $ 7,517 APAC (1,648 ) (1,818 ) EMEA 283 362 Total long lived assets $ 4,946 $ 6,061 |
Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block] | Three Months Ended March 31, 2022 2021 % of % of consolidated consolidated Revenue by country: net revenue net revenue United States $ 23,353 39.7 % $ 23,676 38.8 % Brazil 15,568 26.4 12,300 20.1 South Africa 9,198 15.6 7,722 12.6 Mexico 2,410 4.1 7,259 11.9 China 2,860 4.8 3,263 5.3 Japan 2,023 3.4 2,450 4.0 Canada 1,647 2.8 1,878 3.1 India 1,616 2.7 2,226 3.6 Australia 319 0.5 323 0.6 Total revenue $ 58,994 100 % $ 61,097 100 % |
Note 12 - Leases (Tables)
Note 12 - Leases (Tables) | 3 Months Ended |
Mar. 31, 2022 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended March 31, Lease Costs Classification 2022 2021 Operating lease cost Selling, General and Administrative Expense $ 141 $ 217 Short-term lease cost Selling, General and Administrative Expense 124 $ 302 Variable costs Selling, General and Administrative Expense 29 $ 50 Total lease cost $ 294 $ 569 |
Lessee, Operating Lease, Cash Flows [Table Text Block] | Three Months Ended March 31, 2022 2021 Cash paid for amounts included in the measurement of lease liabilities $ 272 $ 520 Assets obtained in exchange for new operating lease liabilities Operating lease $ - $ - |
Lessee, Operating Lease, Liability, Maturity [Table Text Block] | Period Ending December 31, Amount 2022 $ 748 2023 384 2024 247 2025 392 2026 45 Thereafter 96 Total Lease Payments $ 1,912 Less: imputed interest 373 Total $ 1,539 |
Note 2 - Business (Details Text
Note 2 - Business (Details Textual) | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Number of Countries in which Entity Operates | 9 | ||
Number of Reportable Segments | 3 | 2 | |
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Concentration Risk, Percentage | 100.00% | 100.00% | |
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | CHINA | |||
Concentration Risk, Percentage | 4.80% | 5.30% | 6.00% |
Note 3 - Restricted Cash (Detai
Note 3 - Restricted Cash (Details Textual) - USD ($) | Mar. 31, 2022 | Mar. 11, 2022 | Dec. 31, 2021 |
Restricted Cash and Cash Equivalents, Total | $ 855,000 | $ 0 | |
Fifth Third Bank [Member] | |||
Restricted Cash and Cash Equivalents, Total | $ 855,000 | ||
Revolving Credit Facility [Member] | Fifth Third Bank [Member] | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 3,500,000 |
Note 3 - Restricted Cash - Cash
Note 3 - Restricted Cash - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Cash and cash equivalents | $ 13,206 | $ 13,473 |
Restricted cash included in cash, cash equivalents and restricted cash | 855 | 0 |
Total as presented in the consolidated statement of cash flows | $ 14,061 | $ 13,473 |
Note 4 - Earnings Per Share - B
Note 4 - Earnings Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Net income attributable to SPAR Group, Inc. | $ 674 | $ 917 |
Shares used in basic net income per share calculation (in shares) | 21,583 | 21,188 |
Stock options and unvested restricted shares (in shares) | 146 | 393 |
Shares used in diluted net income per share calculations (in shares) | 21,729 | 21,581 |
Basic income per common share: (in dollars per share) | $ 0.03 | $ 0.04 |
Diluted income per common share: (in dollars per share) | $ 0.03 | $ 0.04 |
Note 5 - Credit Facilities an_3
Note 5 - Credit Facilities and Other Debt (Details Textual) ر.س in Millions, ¥ in Millions, $ in Millions | Mar. 22, 2021USD ($) | Jan. 05, 2021USD ($) | Apr. 10, 2019 | Jun. 30, 2021 | Mar. 31, 2022USD ($) | Mar. 31, 2022AUD ($) | Mar. 31, 2022CNY (¥) | Mar. 31, 2022SAR (ر.س) | Dec. 21, 2021USD ($) | Dec. 21, 2021CNY (¥) | Jul. 13, 2021USD ($) | Jul. 13, 2021SAR (ر.س) | Mar. 22, 2021CAD ($) | Jan. 05, 2021CAD ($) | Jan. 09, 2018USD ($) | Oct. 31, 2017USD ($) | Oct. 31, 2017AUD ($) |
Resource Plus Acquisition Note [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.85% | 1.85% | 1.85% | 1.85% | |||||||||||||
Debt Instrument, Face Amount | $ 2,300,000 | ||||||||||||||||
Notes Payable, Total | $ 1,000,000 | ||||||||||||||||
North Mill, LLC [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 5.25% | 5.25% | 5.25% | 5.25% | |||||||||||||
National Australia Bank [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 6.56% | 6.56% | 6.56% | 6.56% | |||||||||||||
Industrial Bank and Commercial Bank of China [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 4.15% | 4.15% | 4.15% | 4.15% | |||||||||||||
Industrial Bank and Commercial Bank of China [Member] | SPAR China [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.15% | 4.15% | |||||||||||||||
Debt Instrument, Face Amount | $ 315,000 | ¥ 2 | |||||||||||||||
Long-Term Debt, Total | $ 315,000 | ¥ 2 | |||||||||||||||
China Construction Bank [Member] | SPAR China [Member] | |||||||||||||||||
Debt Instrument, Face Amount | $ 158,000 | ¥ 1 | |||||||||||||||
People's Bank of China [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 3.65% | 3.65% | 3.65% | 3.65% | |||||||||||||
People's Bank of China [Member] | SPAR China [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 3.65% | 3.65% | 3.65% | 3.65% | |||||||||||||
Long-Term Debt, Total | $ 158,000 | ¥ 1 | |||||||||||||||
Industrial Bank [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 6.00% | 6.00% | 6.00% | 6.00% | |||||||||||||
Industrial Bank [Member] | SPAR China [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | 6.00% | 6.00% | |||||||||||||
Debt Instrument, Face Amount | $ 473,000 | ¥ 3 | |||||||||||||||
Long-Term Debt, Total | $ 473,000 | ¥ 3 | |||||||||||||||
Investec Bank Ltd. [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 7.75% | 7.75% | 7.75% | 7.75% | |||||||||||||
Investec Bank Ltd. [Member] | SGRP Meridian [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 7.75% | 7.75% | 7.75% | 7.75% | |||||||||||||
Debt Instrument, Face Amount | $ 2,000,000 | ر.س 30 | |||||||||||||||
Long-Term Debt, Total | $ 2,000,000 | ر.س 30 | |||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | |||||||||||||||||
Debt Instrument, Facility Fee for First 10.5 Million Loan Balance, Percentage | 0.80% | 1.50% | |||||||||||||||
Debt Instrument, Fee Amount | $ 84,000 | $ 157,500 | |||||||||||||||
Debt Instrument, One Time Fee for Each Incremental 1 Million Increase in Loan Balance | $ 15,000 | 15,000 | |||||||||||||||
Payments for Debt Instrument Modification Fee | $ 7,500 | ||||||||||||||||
Debt Instrument, Early Termination Fee, Percentage | 0.85% | 1.00% | |||||||||||||||
Debt Instrument, Interest Rate, Effective Percentage | 5.25% | 5.25% | 5.25% | 5.25% | |||||||||||||
Line of Credit, Current | $ 12,500,000 | ||||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | Prime Rate [Member] | |||||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 1.25% | ||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 1.25% | 1.25% | |||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | Minimum [Member] | |||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.25% | 6.75% | 5.25% | 6.75% | |||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | SPAR Marketing Force [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 16,500,000 | ||||||||||||||||
Borrowing Base Availability for Unbilled Receivables, Percentage | 70.00% | ||||||||||||||||
Debt Instrument, Covenant, Unbilled Cap | $ 5,500,000 | $ 4,500,000 | |||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | SPAR Canada Company [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1.5 | ||||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | NM Loan Agreement [Member] | |||||||||||||||||
Debt Instrument, Term (Month) | 18 months | ||||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | NM Loan Agreement [Member] | SPAR Marketing Force [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | 14,500,000 | ||||||||||||||||
Debt Instrument, Covenant, Unbilled Cap | 4,500,000 | ||||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | NM Loan Agreement [Member] | SPAR Marketing Force [Member] | Maximum [Member] | |||||||||||||||||
Borrowing Base Availability for Unbilled Receivables, Percentage | 70.00% | ||||||||||||||||
Revolving Credit Facility [Member] | North Mill, LLC [Member] | NM Loan Agreement [Member] | SPAR Canada Company [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 1.5 | ||||||||||||||||
Debt Instrument, Covenant, Unbilled Cap | $ 3,900,000 | ||||||||||||||||
Revolving Credit Facility [Member] | National Australia Bank [Member] | |||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 586,000 | $ 800,000 | |||||||||||||||
Percent Of Eligible Domestic Accounts Receivable Less Certain Reserves To Calculate Borrowing Availability | 80.00% | 80.00% | |||||||||||||||
Long-Term Line of Credit, Total | $ 124,000 | $ 164,000 |
Note 5 - Credit Facilities an_4
Note 5 - Credit Facilities and Other Debt - Summary of Credit and Other Debt Facilities (Details) $ in Thousands | Mar. 31, 2022USD ($) |
Repayments of Principal, 2021 | $ 15,831 |
Repayments of Principal, 2022 | 700 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
National Australia Bank [Member] | |
Interest Rate | 6.56% |
Repayments of Principal, 2021 | $ 124 |
Repayments of Principal, 2022 | 0 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
Industrial Bank and Commercial Bank of China [Member] | |
Interest Rate | 4.15% |
Repayments of Principal, 2021 | $ 315 |
Repayments of Principal, 2022 | 0 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
People's Bank of China [Member] | |
Interest Rate | 3.65% |
Repayments of Principal, 2021 | $ 158 |
Repayments of Principal, 2022 | 0 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
Industrial Bank [Member] | |
Interest Rate | 6.00% |
Repayments of Principal, 2021 | $ 473 |
Repayments of Principal, 2022 | 0 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
Investec Bank Ltd. [Member] | |
Interest Rate | 7.75% |
Repayments of Principal, 2021 | $ 2,002 |
Repayments of Principal, 2022 | 0 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
North Mill, LLC [Member] | |
Interest Rate | 5.25% |
Repayments of Principal, 2021 | $ 12,459 |
Repayments of Principal, 2022 | 0 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
Resource Plus Acquisition Note [Member] | |
Interest Rate | 1.85% |
Repayments of Principal, 2021 | $ 300 |
Repayments of Principal, 2022 | 700 |
Repayments of Principal, 2023 | 0 |
Repayments of Principal, 2024 | 0 |
Repayments of Principal, 2025 | 0 |
Repayments of Principal, 2026 | $ 0 |
Note 5 - Credit Facilities an_5
Note 5 - Credit Facilities and Other Debt - Unused Availability (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Unused Availability | $ 3,553 | $ 6,674 |
UNITED STATES | ||
Unused Availability | 2,540 | 5,319 |
AUSTRALIA | ||
Unused Availability | 477 | 455 |
CHINA | ||
Unused Availability | 158 | 157 |
MEXICO | ||
Unused Availability | $ 378 | $ 743 |
Note 6 - Related-party Transa_3
Note 6 - Related-party Transactions (Details Textual) - USD ($) | Jan. 28, 2022 | Jan. 25, 2022 | Jan. 31, 2022 | Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | Jan. 27, 2022 |
Change in Amount, Change Due to Non-cash Majority Stockholders Control Agreement, Expense | $ (420,000) | $ 0 | |||||
Additional Paid in Capital, Total | $ 20,629,000 | $ 17,231,000 | |||||
NMS [Member] | Minimum [Member] | |||||||
Percent of Reimbursement | 4.00% | ||||||
NMS [Member] | Maximum [Member] | |||||||
Percent of Reimbursement | 10.00% | ||||||
JKC [Member] | SPAR BSMT Joint Venture [Member] | |||||||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 39.00% | ||||||
EILLC [Member] | SPAR BSMT Joint Venture [Member] | |||||||
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage | 10.00% | ||||||
NMS [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 49.00% | ||||||
NSRS [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 100.00% | ||||||
Resource Plus, Inc [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 49.00% | ||||||
RJ Holdings [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 50.00% | ||||||
Meridian [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Parent | 51.00% | ||||||
Mr. Adrian Wingfield [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 49.00% | ||||||
Sparfacts [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Parent | 51.00% | ||||||
Sparfacts [Member] | Lydna Chapman [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 49.00% | ||||||
FRIEDSHELF 401 Proprietary Limited [Member] | Meridian [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 23.00% | ||||||
Lindicom Proprietary Limited [Member] | Meridian [Member] | |||||||
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 26.00% | ||||||
CIC Agreement [Member] | |||||||
Change in Amount, Change Due to Non-cash Majority Stockholders Control Agreement, Expense | $ 4,477,585 | ||||||
Preferred Stock, Shares Issuable (in shares) | 2,000,000 | ||||||
Preferred Stock, Value, Issued, Ending Balance | $ 3,690,000 | ||||||
Share Price (in dollars per share) | $ 1.09 | $ 1.23 | |||||
Preferred Stock, Shares Issued, Total (in shares) | 3,000,000 | ||||||
CIC Agreement [Member] | James R. Brown [Member] | |||||||
Cash Payment | $ 250,000 | ||||||
Related Party Transactions, Maximum Amount of Reimbursement for Legal Fees | 35,000 | ||||||
CIC Agreement [Member] | SAS [Member] | |||||||
Related Party Transactions, Settlement of Obligations and Related Claim | $ 502,585 | ||||||
CIC Agreement [Member] | Preferred Stock [Member] | Series B Preferred Stock [Member] | |||||||
Additional Paid in Capital, Total | $ 3,270,000 | ||||||
Adjustments To Additional Paid in Capital, Stock Re-evaluated | $ 420,000 | ||||||
CIC Agreement [Member] | Conversion of Series B Preferred Stock into Common Stock [Member] | |||||||
Conversion of Stock, Shares Converted (in shares) | 2,000,000 | 350,000 | |||||
Conversion of Stock, Shares Issued (in shares) | 525,000 | ||||||
James R. Brown [Member] | Brown Advisor Agreement [Member] | |||||||
Related Party Transaction, Amounts of Transaction | $ 55,000 | ||||||
Thenablers, Ltd. [Member] | Lazaretos Consulting Agreement [Member] | |||||||
Related Party Transaction, Amounts of Transaction, Rate Per Month | $ 10,000 | ||||||
NMS [Member] | |||||||
Majority Interest Ownership Percentage By Parent | 51.00% | ||||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 2,100,000 | 1,800,000 | |||||
Resource Plus, Inc [Member] | |||||||
Majority Interest Ownership Percentage By Parent | 51.00% | ||||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 180,000 | 290,000 | |||||
SPAR Todopromo [Member] | |||||||
Majority Interest Ownership Percentage By Parent | 51.00% | ||||||
Sparfacts [Member] | Office lease, Accounting and Consultant Services [Member] | |||||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 91,000 | $ 76,000 | |||||
SAS [Member] | Premium Adjustments [Member] | |||||||
Related Party Transaction, Amounts of Transaction | 220,558 | ||||||
SAS [Member] | Remaining Premium Adjustments [Member] | |||||||
Related Party Transaction, Amounts of Transaction | 1,102,790 | ||||||
William Bartels [Member] | |||||||
Liability, Pension and Other Postretirement and Postemployment Benefits, Current | $ 355,918 |
Note 6 - Related-party Transa_4
Note 6 - Related-party Transactions - Transactions Between the Company and Affiliates (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 | |
Due to affiliates | $ 3,333 | $ 3,270 | |
Loans Due to Affiliates [Member] | Local Investors in Australia [Member] | |||
Due to affiliates | [1] | 656 | 597 |
Loans Due to Affiliates [Member] | Local Investors in Mexico [Member] | |||
Due to affiliates | [1] | 623 | 623 |
Loans Due to Affiliates [Member] | Local Investors Related to Resource Plus [Member] | |||
Due to affiliates | [1] | 266 | 266 |
Loans Due from Affiliates [Member] | Local Investors in China [Member] | |||
Due from affiliates | $ 1,788 | $ 1,784 | |
[1] | Represent loans from the local investors into the Company's subsidiaries (representing their proportionate share of working capital loans). The loans have no payment terms and are due on demand and as such have been classified as current liabilities in the Company's consolidated financial statements. |
Note 7 - Preferred Stock (Detai
Note 7 - Preferred Stock (Details Textual) | 3 Months Ended | ||
Mar. 31, 2022$ / sharesshares | Jan. 25, 2022$ / sharesshares | Dec. 31, 2021$ / sharesshares | |
Preferred Stock, Shares Authorized (in shares) | 3,000,000 | ||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | ||
Series A Preferred Stock Converted into Common Stock [Member] | |||
Conversion of Stock, Shares Converted (in shares) | 554,402 | ||
Series A Preferred Stock [Member] | |||
Preferred Stock, Shares Authorized (in shares) | 2,445,598 | 2,445,598 | |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | $ 0.01 | |
Preferred Stock, Dividend Rate, Percentage | 10.00% | ||
Preferred Stock, Convertible, Conversion Ratio | 1 | ||
Preferred Stock Number Of Authorized Shares Remaining (in shares) | 2,445,598 | ||
Preferred Stock, Shares Issued, Total (in shares) | 0 | 0 | |
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 0 | 0 | |
Series A Preferred Stock [Member] | Maximum [Member] | |||
Preferred Stock, Shares Authorized (in shares) | 3,000,000 | 3,000,000 | |
Series B Preferred Stock [Member] | |||
Preferred Stock, Shares Authorized (in shares) | 2,000,000 | ||
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.01 | ||
Preferred Stock, Convertible, Conversion Ratio | 1.5 | ||
Preferred Stock, Shares Outstanding, Ending Balance (in shares) | 1,650,000 |
Note 8 - Stock-based Compensa_2
Note 8 - Stock-based Compensation and Other Plans (Details Textual) - USD ($) | Aug. 02, 2021 | Feb. 22, 2021 | Jan. 19, 2021 | Aug. 31, 2020 | Mar. 31, 2022 | Mar. 31, 2021 | Jun. 04, 2021 |
Chief Executive Officer [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares) | 630,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 1.90 | ||||||
Chief Financial Officer [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares) | 200,000 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 0.85 | ||||||
Share-Based Payment Arrangement, Option [Member] | Chief Financial Officer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | ||||||
Share-Based Payment Arrangement, Option [Member] | Chief Financial Officer [Member] | Share-Based Payment Arrangement, Tranche One [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage | 25.00% | ||||||
SGRP Shares [Member] | Chief Global Commercial Officer [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 26,882 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 1.86 | ||||||
SGRP Shares [Member] | Chief Strategy and Growth Officer [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 26,882 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 1.86 | ||||||
SGRP Shares [Member] | Chief Executive Officer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 50,000 | ||||||
Restricted Stock Units (RSUs) [Member] | Chief Global Commercial Officer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 1 year | ||||||
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other than Options Granted in Period Total Fair Value | $ 50,000 | ||||||
Restricted Stock Units (RSUs) [Member] | Chief Strategy and Growth Officer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 1 year | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value | $ 50,000 | ||||||
Restricted Stock Units (RSUs) [Member] | Chief Executive Officer [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 1 year | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 26,315 | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ 1.90 | ||||||
Share Based Compensation Arrangement by Share Based Payment Award Equity Instruments Other than Options Annual Grant Value | $ 100,000 | ||||||
The 2018 Plan [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares) | 600,000 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 160,000 | ||||||
The 2018 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | |||||||
Share-Based Payment Arrangement, Expense | $ 110,000 | $ 96,000 | |||||
Share-Based Payment Arrangement, Expense, Tax Benefit | 27,000 | 24,000 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | 228,000 | ||||||
The 2018 Plan [Member] | Restricted Stock [Member] | |||||||
Share-Based Payment Arrangement, Expense | 40,000 | 5,000 | |||||
Share-Based Payment Arrangement, Expense, Tax Benefit | 10,000 | $ 1,000 | |||||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 116,000 | ||||||
The 2021 Plan [Member] | Share-Based Payment Arrangement, Option [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 4 years | ||||||
The 2021 Plan [Member] | SGRP Shares [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 400,000 | ||||||
The 2021 Plan [Member] | Restricted Stock Units (RSUs) [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 150,000 | ||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 58,011 | ||||||
The 2021 Plan [Member] | Restricted Stock Units (RSUs) [Member] | Share-Based Payment Arrangement, Employee [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | ||||||
The 2020 Plan [Member] | The 19 Employees [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 125,000 | ||||||
The 2020 Plan [Member] | Director One [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 10,000 | ||||||
The 2020 Plan [Member] | Director Four [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 10,000 | ||||||
The 2020 Plan [Member] | Director Two [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 10,000 | ||||||
The 2020 Plan [Member] | Director Three [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 10,000 | ||||||
The 2020 Plan [Member] | Each Member of Board of Directors [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period (in shares) | 50,000 | ||||||
The 2020 Plan [Member] | SGRP Shares [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 550,000 | ||||||
The 2020 Plan [Member] | SGRP Shares for Each of Up to First Three Additional New Directors During Period December 1, 2020, to April 30, 2021 [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 50,000 | ||||||
The 2020 Plan [Member] | SGRP Shares for Three Additional New Directors During Period December 1, 2020, to April 30, 2021 [Member] | Maximum [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 700,000 | ||||||
The 2020 Plan [Member] | SGRP Shares for One Additional New Director On Plan Effective Date [Member] | Maximum [Member] | |||||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares) | 600,000 | ||||||
The 2008 Plan [Member] | |||||||
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 691,162 |
Note 9 - Commitments and Cont_2
Note 9 - Commitments and Contingencies (Details Textual) - SBS Bankruptcy and Settlement [Member] - Robert G. Brown [Member] - USD ($) | Sep. 20, 2019 | Mar. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Loss Contingency Accrual, Ending Balance | $ 325,000 | ||||
Loss Contingency, Damages Sought, Value | $ 1,300,000 | ||||
Loss Contingency, Damages Paid, Value | $ 325,000 | $ 325,000 | $ 325,000 | $ 325,000 |
Note 10 - Segment Information_2
Note 10 - Segment Information (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022USD ($) | Mar. 31, 2021USD ($) | Dec. 31, 2021 | |
Number of Reportable Segments | 3 | 2 | |
Revenue from Contract with Customer, Including Assessed Tax | $ 58,994 | $ 61,097 | |
Intersegment Eliminations [Member] | |||
Revenue from Contract with Customer, Including Assessed Tax | $ 0 | $ 0 |
Note 10 - Segment Information -
Note 10 - Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Net revenues | $ 58,994 | $ 61,097 |
Operating income (loss) | 2,067 | 2,718 |
Interest expense | 149 | 147 |
Other (income), net | (87) | (75) |
Income before income tax expense | 2,005 | 2,646 |
Income tax expense | 551 | 865 |
Net income | 1,454 | 1,781 |
Total net (income) attributable to non-controlling interest | (780) | (864) |
Net income attributable to SPAR Group, Inc. | 674 | 917 |
Depreciation and amortization | 510 | 530 |
Capital expenditures | 478 | 332 |
Americas [Member] | ||
Net revenues | 42,978 | 45,114 |
Operating income (loss) | 1,780 | 2,328 |
Interest expense | 101 | 134 |
Other (income), net | (7) | 14 |
Income before income tax expense | 1,686 | 2,180 |
Income tax expense | 370 | 791 |
Net income | 1,316 | 1,389 |
Total net (income) attributable to non-controlling interest | (548) | (515) |
Net income attributable to SPAR Group, Inc. | 768 | 874 |
Depreciation and amortization | 485 | 502 |
Capital expenditures | 466 | 294 |
Asia Pacific [Member] | ||
Net revenues | 6,818 | 8,262 |
Operating income (loss) | (441) | 23 |
Interest expense | (1) | 7 |
Other (income), net | (16) | (47) |
Income before income tax expense | (424) | 63 |
Income tax expense | (6) | 49 |
Net income | (418) | 14 |
Total net (income) attributable to non-controlling interest | 153 | (4) |
Net income attributable to SPAR Group, Inc. | (265) | 10 |
Depreciation and amortization | 14 | 18 |
Capital expenditures | 5 | 36 |
EMEA [Member] | ||
Net revenues | 9,198 | 7,721 |
Operating income (loss) | 728 | 367 |
Interest expense | 49 | 6 |
Other (income), net | (64) | (42) |
Income before income tax expense | 743 | 403 |
Income tax expense | 187 | 25 |
Net income | 556 | 378 |
Total net (income) attributable to non-controlling interest | (385) | (345) |
Net income attributable to SPAR Group, Inc. | 171 | 33 |
Depreciation and amortization | 11 | 10 |
Capital expenditures | $ 7 | $ 2 |
Note 10 - Segment Information_3
Note 10 - Segment Information - Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Assets | $ 98,224 | $ 89,016 |
Americas [Member] | ||
Assets | 74,070 | 65,689 |
Asia Pacific [Member] | ||
Assets | 8,110 | 10,023 |
EMEA [Member] | ||
Assets | $ 16,044 | $ 13,304 |
Note 10 - Segment Information_4
Note 10 - Segment Information - Long Lived Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2022 | Dec. 31, 2021 |
Long lived assets | $ 4,946 | $ 6,061 |
APAC | (4,946) | (6,061) |
Americas [Member] | ||
Long lived assets | 6,311 | 7,517 |
APAC | (6,311) | (7,517) |
Asia Pacific [Member] | ||
Long lived assets | 1,648 | 1,818 |
APAC | (1,648) | (1,818) |
EMEA [Member] | ||
Long lived assets | 283 | 362 |
APAC | $ (283) | $ (362) |
Note 10 - Segment Information_5
Note 10 - Segment Information - Geographic Data (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | Dec. 31, 2021 | |
Net revenues | $ 58,994 | $ 61,097 | |
Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 100.00% | 100.00% | |
UNITED STATES | |||
Net revenues | $ 23,353 | $ 23,676 | |
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 39.70% | 38.80% | |
BRAZIL | |||
Net revenues | $ 15,568 | $ 12,300 | |
BRAZIL | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 26.40% | 20.10% | |
SOUTH AFRICA | |||
Net revenues | $ 9,198 | $ 7,722 | |
SOUTH AFRICA | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 15.60% | 12.60% | |
MEXICO | |||
Net revenues | $ 2,410 | $ 7,259 | |
MEXICO | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 4.10% | 11.90% | |
CHINA | |||
Net revenues | $ 2,860 | $ 3,263 | |
CHINA | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 4.80% | 5.30% | 6.00% |
JAPAN | |||
Net revenues | $ 2,023 | $ 2,450 | |
JAPAN | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 3.40% | 4.00% | |
CANADA | |||
Net revenues | $ 1,647 | $ 1,878 | |
CANADA | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 2.80% | 3.10% | |
INDIA | |||
Net revenues | $ 1,616 | $ 2,226 | |
INDIA | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 2.70% | 3.60% | |
AUSTRALIA | |||
Net revenues | $ 319 | $ 323 | |
AUSTRALIA | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | |||
Percent of consolidated net revenue | 0.50% | 0.60% |
Note 12 - Leases (Details Textu
Note 12 - Leases (Details Textual) | Mar. 31, 2022 |
Minimum [Member] | |
Lessee, Operating Lease, Remaining Lease Term (Year) | 1 year |
Maximum [Member] | |
Lessee, Operating Lease, Remaining Lease Term (Year) | 11 years |
Note 12 - Leases - Lease Costs
Note 12 - Leases - Lease Costs (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Operating lease cost | $ 141 | $ 217 |
Short-term lease cost | 124 | 302 |
Variable costs | 29 | 50 |
Total lease cost | $ 294 | $ 569 |
Note 12 - Leases - Supplemental
Note 12 - Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2022 | Mar. 31, 2021 | |
Cash paid for amounts included in the measurement of lease liabilities | $ 272 | $ 520 |
Operating lease | $ 0 | $ 0 |
Note 12 - Leases - Maturity of
Note 12 - Leases - Maturity of Lease Liability (Details) $ in Thousands | Mar. 31, 2022USD ($) |
2022 | $ 748 |
2023 | 384 |
2024 | 247 |
2025 | 392 |
2026 | 45 |
Thereafter | 96 |
Total Lease Payments | 1,912 |
Less: imputed interest | 373 |
Total | $ 1,539 |