BG STAFFING, INC BGSF Balance Sheet

Bg staffing, inc (BGSF)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Dec'12
Current assets
Cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	-	-	-	-	-	-	-	-	-
Accounts receivable (net of allowance for credit losses of $518,481 at 2020 and $468,233 for 2019)
42,634	39,423	40,399	38,411	35,708	37,606	39,691	40,155	35,018	36,707	40,618	39,874	31,407	33,328	35,476	31,557	33,328	32,324	29,828	26,644	23,927	22,030	27,512	23,908	21,610	23,347	24,988	12,626
Prepaid expenses
2,452	1,224	1,709	1,714	2,459	984	1,339	1,572	1,803	947	529	712	1,017	950	575	648	950	861	378	397	569	624	593	844	1,319	1,465	1,585	551
Income taxes receivable
0	69	-	-	-	0	0	971	0	190	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
515	19	38	20	22	22	709	250	201	143	98	257	152	154	103	121	154	134	646	731	640	247	661	469	438	436	310	211
Total current assets
45,603	40,737	42,148	40,146	38,190	38,613	41,740	42,949	37,023	37,990	41,246	40,844	32,577	34,434	36,156	32,327	34,434	33,319	30,917	27,773	25,137	22,902	28,767	25,222	23,368	25,249	26,884	13,390
Property and equipment, net
4,822	3,545	3,099	2,448	2,347	2,556	2,517	2,350	2,242	2,039	1,700	1,751	2,098	1,910	1,720	1,688	1,910	1,489	1,286	913	818	667	652	606	529	523	490	286
Other assets
Deposits
-	-	-	-	-	3,209	-	-	-	2,907	-	-	-	2,657	-	-	-	2,233	-	-	-	1,883	-	-	-	1,193	-	95
Deposits
3,915	3,843	3,700	3,701	3,534	-	3,194	3,121	3,043	-	2,799	2,736	2,697	-	2,555	2,450	2,657	-	2,178	2,068	1,955	-	1,466	1,467	1,458	-	-	-
Deferred income taxes, net
2,849	4,071	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,264	-
Deferred financing charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	656	478	497	-	536	577	617	362	439	278
Deferred income taxes, net
-	-	4,408	4,408	4,327	4,870	5,317	5,604	6,253	6,402	9,916	9,911	9,512	9,512	9,513	9,171	9,512	8,411	7,656	7,594	7,516	7,694	7,481	7,574	7,671	7,255	-	0
Right-of-use asset - operating leases
5,696	4,386	4,113	3,999	3,924	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets, net
43,875	33,807	30,539	31,350	32,347	33,034	34,076	35,125	36,193	37,323	38,803	35,162	22,282	23,514	24,935	26,484	23,514	29,761	18,476	19,673	19,856	13,724	14,728	15,733	16,874	18,183	20,179	18,232
Goodwill
31,372	25,194	17,983	17,983	17,983	17,983	17,983	17,983	17,983	17,970	17,826	16,085	9,184	9,184	9,184	9,184	9,184	9,184	7,089	7,089	7,817	6,404	5,863	5,863	5,863	5,853	4,896	4,859
Total other assets
87,710	71,303	60,745	61,443	62,118	59,098	60,572	61,834	63,473	64,602	69,345	63,896	43,677	44,869	46,188	47,291	44,869	49,590	36,056	36,905	37,643	29,705	30,076	31,215	32,484	32,849	26,779	23,465
Total assets
138,135	115,586	105,993	104,039	102,656	100,268	104,829	107,135	102,739	104,632	112,292	106,492	78,353	81,214	84,066	81,307	81,214	84,399	68,261	65,591	63,600	53,275	59,496	57,043	56,383	58,622	54,155	37,142
Current liabilities
Long-term debt, current portion
1,300	375	0	0	3,642	4,242	3,924	3,913	3,235	2,923	2,614	1,889	-	0	-	-	-	-	0	2,718	2,437	2,198	2,250	2,250	2,250	2,378	2,378	2,378
Accrued interest
181	73	203	164	101	308	348	214	365	330	308	333	100	100	105	125	100	627	277	196	152	266	247	217	193	72	70	54
Accrued interest-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	550	550	339
Accounts payable
226	479	140	213	154	146	261	1,134	753	1,909	1,946	1,976	1,302	951	1,247	1,240	951	1,572	1,240	633	1,015	1,114	1,304	1,653	1,646	1,933	5,616	2,246
Accrued expenses
13,672	10,079	11,992	11,556	10,910	10,411	11,721	11,406	11,210	11,540	12,566	12,591	10,422	9,668	12,619	11,992	9,668	11,554	10,299	7,940	6,591	7,127	7,871	7,020	7,682	7,122	4,167	3,364
Accrued management fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43	-
Accrued payroll
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,847	1,534	-	1,826	1,675	1,390	1,002	849	397
Accrued workers’ compensation
53	405	447	464	451	530	430	430	406	592	281	162	470	754	732	757	754	788	1,058	912	1,113	1,353	981	1,049	1,076	1,142	1,149	610
Contingent consideration, current portion
1,159	0	0	2,461	2,412	2,363	3,598	4,777	4,432	4,299	5,535	5,320	3,757	3,580	4,112	3,913	3,580	6,856	-	-	-	840	-	-	-	-	-	-
Lease liability, current portion
1,612	1,277	1,271	1,339	1,352	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,550	1,574	574	-	1,262	1,229	1,350	1,946	2,350	1,850
Other current liabilities
1,000	1,016	-	-	-	0	0	0	0	74	317	398	-	0	489	502	-	1,459	531	843	744	708	726	702	673	560	701	619
Dividend payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,811	0	989	-	-	-	0	-	-
Income taxes payable
330	0	279	108	184	55	26	-	307	0	437	832	1,023	193	298	333	193	444	858	718	242	0	1,299	467	128	148	46	57
Total current liabilities
19,537	13,706	14,335	16,308	19,209	18,059	20,310	21,877	20,712	21,670	24,007	23,506	17,076	15,249	19,604	18,865	15,249	23,303	15,815	19,194	14,407	14,598	17,769	16,265	16,391	16,858	17,923	11,917
Line of credit (net of deferred finance fees of $324,185 and $351,128 for 2020 and 2019, respectively)
20,687	19,993	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of credit (net of deferred finance fees of $351,128 and $571,782 for 2019 and 2018, respectively)
-	-	20,196	17,862	9,988	10,078	13,082	16,688	20,032	20,620	19,598	20,882	19,665	23,618	18,969	17,663	23,618	16,041	9,750	8,600	13,300	4,699	14,600	14,500	13,200	13,000	12,100	5,900
Long-term debt, less current portion
24,700	7,125	0	0	4,555	5,767	6,976	6,957	19,691	20,578	21,466	17,771	-	0	0	0	-	14,607	15,000	13,465	14,309	14,693	15,500	16,062	16,625	2,378	2,972	4,756
Contingent consideration, less current portion
1,063	2,174	-	-	-	0	906	889	2,224	2,178	4,891	3,016	1,667	1,586	4,914	4,667	1,586	4,191	-	-	-	10	-	-	-	-	-	-
Lease liability, less current portion
5,090	4,128	3,875	3,699	3,654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt-related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,628	14,517	9,483
Other long-term liabilities
-	-	0	0	0	661	698	610	609	450	219	245	243	271	286	299	271	327	2,424	1,917	5,002	2,910	3,418	2,463	2,776	3,654	3,828	3,329
Deferred tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	72
Total liabilities
71,079	47,129	38,407	37,871	37,408	34,566	41,975	47,023	63,269	65,498	70,183	65,422	38,653	40,725	43,775	41,496	40,725	58,471	42,989	43,177	47,018	36,912	51,288	49,291	48,992	50,519	51,401	35,459
Commitments and contingencies
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Members equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,753	1,683
Preferred stock, $0.01 par value per share, 500,000 shares authorized, -0- shares issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0
Common stock, $0.01 par value per share; 19,500,000 shares authorized, 10,306,986 and 10,309,236 shares issued and outstanding for 2020 and 2019, respectively, net of treasury stock, at cost, 1,004 shares for 2020 and 2019
75	75	75	78	78	78	77	100	87	87	87	87	86	86	86	85	86	73	73	72	65	65	54	54	54	55	-	0
Additional paid in capital
59,810	59,617	58,416	58,131	57,944	57,624	56,563	55,831	37,734	37,675	37,585	37,492	36,220	36,142	36,081	35,783	36,142	20,446	19,449	18,774	10,788	10,734	2,090	1,999	1,884	1,065	-	0
Retained earnings
7,169	8,763	9,094	7,958	7,225	7,999	6,213	4,179	1,647	1,371	4,436	3,489	3,393	4,259	4,122	3,941	4,259	5,407	5,747	3,566	5,727	5,562	6,063	5,697	5,451	6,981	-	0
Total stockholders’ equity
67,055	68,456	67,586	66,168	65,248	65,702	62,854	60,111	39,469	39,134	42,109	41,069	39,700	40,488	40,290	39,810	40,488	25,928	25,271	22,413	16,581	16,363	8,208	7,751	7,390	8,102	-	1,683
Total liabilities and stockholders’ equity
138,135	115,586	105,993	104,039	102,656	100,268	104,829	107,135	102,739	104,632	112,292	106,492	78,353	81,214	84,066	81,307	81,214	84,399	68,261	65,591	63,600	53,275	59,496	57,043	56,383	58,622	-	37,142
Total liabilities and members equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,155	-