BGSF INC

For the period ended Sep 29, 2024. Filed Nov 7, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 29, 2024 · Filed Nov 7, 2024

BGSF$4.07+3.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Consolidated Balance Sheets

(in thousands, except share amounts)

September 29,2024 · December 31, 2023
ASSETS
Current assets
	Cash and cash equivalents		$262			$—
	Accounts receivable (net of allowance for credit losses of $933 and $554, respectively)		46,074			56,776
	Prepaid expenses		2,355			2,963
	Other current assets		2,760			7,172
		Total current assets		51,451			66,911
Property and equipment, net		1,204			1,217
Other assets
	Deposits		2,092			2,699
	Software as a service, net		4,592			5,026
	Deferred income taxes, net		7,587			7,271
	Right-of-use asset - operating leases, net		5,065			5,435
	Intangible assets, net		26,193			30,370
	Goodwill		59,151			59,588
		Total other assets		104,680			110,389
	Total assets		$157,335			$178,517
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
	Accounts payable		$221			$95
	Accrued payroll and expenses		15,361			14,902
	Line of credit (net of debt issuance costs of $128)	—			24,746
	Long-term debt, current portion (net of debt issuance costs of $27 and $0, respectively)		3,373			34,000
	Accrued interest		286			438
	Income taxes payable		172			282
	Contingent consideration, current portion		4,047			4,208
	Convertible note		4,368			4,368
	Lease liabilities, current portion		1,586			2,016
		Total current liabilities		29,414			85,055
Line of credit (net of debt issuance costs of $305)		7,381			—
Long-term debt, less current portion (net of debt issuance costs of $220)		33,780			—
Contingent consideration, less current portion		—			4,112
Lease liabilities, less current portion		3,815			3,814
	Total liabilities		74,390			92,981

Commitments and contingencies
Preferred stock, $0.01 par value per share, 500,000 shares authorized, -0- shares issued and outstanding		—		—
Common stock, $0.01 par value per share; 19,500,000 shares authorized 11,006,696 and 10,887,509 shares issued and outstanding, respectively, net of 3,930 shares of treasury stock, at cost, respectively.		53		52
Additional paid in capital		69,955		68,551
Retained earnings		12,937		16,933
	Total stockholders’ equity		82,945		85,536
	Total liabilities and stockholders’ equity		$157,335		$178,517

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.