BGSF, INC.

For the period ended Mar 30, 2025. Filed May 7, 2025.

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.

Mar 30, 2025 · Filed May 7, 2025

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)

March 30,2025 · December 29, 2024
ASSETS
Current assets
	Cash and cash equivalents		$2,050			$353
	Accounts receivable (net of allowance for credit losses of $1,223 and $1,133, respectively)		42,553			40,194
	Prepaid expenses		2,447			2,485
	Other current assets		2,492			2,315
		Total current assets		49,542			45,347
Property and equipment, net		947			1,137
Other assets
	Deposits		2,087			2,092
	Software as a service, net		4,269			4,438
	Deferred income taxes, net		8,611			8,456
	Right-of-use asset - operating leases, net		4,613			4,973
	Intangible assets, net		23,040			24,517
	Goodwill		59,151			59,151
		Total other assets		101,771			103,627
	Total assets		$152,260			$150,111
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
	Accounts payable		$1,605			$80
	Accrued payroll and expenses		13,539			13,001
	Long-term debt, current portion (net of debt issuance costs of $77 and $24, respectively)		3,748			3,801
	Accrued interest		286			223
	Income taxes payable		250			212
	Contingent consideration, current portion		2,706			2,662
	Convertible note		4,368			4,368
	Lease liabilities, current portion		1,591			1,573
		Total current liabilities		28,093			25,920
Line of credit (net of debt issuance costs of $696 and $770, respectively)		7,304			5,625
Long-term debt, less current portion (net of debt issuance costs of $174 and $198, respectively)		31,595			32,527
Lease liabilities, less current portion		3,448			3,770
	Total liabilities		70,440			67,842

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 11,108,693 and 11,038,623 shares issued and outstanding, respectively, net of 3,930 shares of treasury stock, at cost, respectively.		54		53
Additional paid in capital		70,532		70,260
Retained earnings		11,234		11,956
	Total stockholders’ equity		81,820		82,269
	Total liabilities and stockholders’ equity		$152,260		$150,111

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.