2022 Q1 Form 10-Q Financial Statement

#000147490322000035 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $68.54M $49.75M
YoY Change 37.77% -11.75%
Cost Of Revenue $45.11M $33.54M
YoY Change 34.52% -37.66%
Gross Profit $23.43M $16.21M
YoY Change 44.5% -8.58%
Gross Profit Margin 34.18% 32.59%
Selling, General & Admin $19.72M $15.30M
YoY Change 28.84% -5.56%
% of Gross Profit 84.15% 94.37%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $160.3K $177.8K
YoY Change -9.89% -21.75%
% of Gross Profit 0.68% 1.1%
Operating Expenses $19.72M $15.30M
YoY Change 28.84% -5.56%
Operating Profit $2.816M $76.04K
YoY Change 3602.53% -97.14%
Interest Expense -$273.4K -$380.0K
YoY Change -28.06% -17.39%
% of Operating Profit -9.71% -499.72%
Other Income/Expense, Net
YoY Change
Pretax Income $2.542M -$300.5K
YoY Change -946.01% -113.65%
Income Tax $534.4K $143.4K
% Of Pretax Income 21.02%
Net Earnings $15.80M $711.8K
YoY Change 2119.7% -52.51%
Net Earnings / Revenue 23.05% 1.43%
Basic Earnings Per Share $1.52 $0.07
Diluted Earnings Per Share $1.51 $0.07
COMMON SHARES
Basic Shares Outstanding 10.43M shares 10.33M shares
Diluted Shares Outstanding 10.49M shares 10.39M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00
YoY Change
Cash & Equivalents $0.00 $0.00
Short-Term Investments
Other Short-Term Assets $4.847M $2.700M
YoY Change 79.52% 423.36%
Inventory
Prepaid Expenses
Receivables $47.68M $42.89M
Other Receivables $0.00 $0.00
Total Short-Term Assets $55.20M $45.57M
YoY Change 21.13% -0.08%
LONG-TERM ASSETS
Property, Plant & Equipment $6.223M $4.060M
YoY Change 53.29% -15.8%
Goodwill $29.14M $34.16M
YoY Change -14.68% 8.87%
Intangibles $32.81M $36.47M
YoY Change -10.04% -16.89%
Long-Term Investments
YoY Change
Other Assets $1.097M $87.23M
YoY Change -98.74% -0.55%
Total Long-Term Assets $80.32M $91.29M
YoY Change -12.02% -1.34%
TOTAL ASSETS
Total Short-Term Assets $55.20M $45.57M
Total Long-Term Assets $80.32M $91.29M
Total Assets $135.5M $136.9M
YoY Change -0.98% -0.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.139M $261.4K
YoY Change 335.55% 15.3%
Accrued Expenses $15.49M $13.19M
YoY Change 17.43% -3.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $3.000M
YoY Change -100.0% 130.77%
Total Short-Term Liabilities $26.92M $26.38M
YoY Change 2.06% 35.02%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $25.55M
YoY Change -100.0% 3.44%
Other Long-Term Liabilities $15.31K $3.646M
YoY Change -99.58% -41.2%
Total Long-Term Liabilities $15.31K $29.20M
YoY Change -99.95% 18.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.92M $26.38M
Total Long-Term Liabilities $15.31K $29.20M
Total Liabilities $44.32M $71.47M
YoY Change -37.98% 0.54%
SHAREHOLDERS EQUITY
Retained Earnings $28.83M $4.728M
YoY Change 509.72% -34.05%
Common Stock $66.56K $73.91K
YoY Change -9.95% -2.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $91.19M $65.39M
YoY Change
Total Liabilities & Shareholders Equity $135.5M $136.9M
YoY Change -0.98% -0.92%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $15.80M $711.8K
YoY Change 2119.7% -52.51%
Depreciation, Depletion And Amortization $160.3K $177.8K
YoY Change -9.89% -21.75%
Cash From Operating Activities -$385.5K $1.911M
YoY Change -120.17% -71.25%
INVESTING ACTIVITIES
Capital Expenditures -$2.050M -$550.0K
YoY Change 272.77% -47.62%
Acquisitions $0.00 $3.780M
YoY Change -100.0% -82.56%
Other Investing Activities $30.29M -$3.780M
YoY Change -901.24% -82.56%
Cash From Investing Activities $28.24M -$4.328M
YoY Change -752.48% -80.96%
FINANCING ACTIVITIES
Cash Dividend Paid $1.565M $1.034M
YoY Change 51.38% -66.58%
Common Stock Issuance & Retirement, Net $0.00 -$10.00K
YoY Change -100.0%
Debt Paid & Issued, Net $26.86M $375.0K
YoY Change 7063.33%
Cash From Financing Activities -$27.96M $2.417M
YoY Change -1257.18% -84.97%
NET CHANGE
Cash From Operating Activities -$385.5K $1.911M
Cash From Investing Activities $28.24M -$4.328M
Cash From Financing Activities -$27.96M $2.417M
Net Change In Cash -$112.1K $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities -$385.5K $1.911M
Capital Expenditures -$2.050M -$550.0K
Free Cash Flow $1.665M $2.461M
YoY Change -32.36% -68.03%

Facts In Submission

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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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CY2021Q1 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
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CY2022Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022Q1 us-gaap Nature Of Operations
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NATURE OF OPERATIONS<div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">BGSF, Inc., along with its wholly owned subsidiaries BGSF Professional, LLC (formally BG Staffing, LLC), B G Staff Services Inc., BG Personnel, LP, BG Finance and Accounting, Inc., BG California IT Staffing, Inc., BG California Multifamily Staffing, Inc., BG California Finance &amp; Accounting Staffing, Inc., EdgeRock Technology Holdings, Inc., EdgeRock Technologies, LLC, and BG Personnel of Texas, LLC (collectively, the “Company”), is a national provider of workforce solutions.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On March 21, 2022, we completed the sale of substantially all our Light Industrial segment (“InStaff”) assets to Jobandtalent (“J&amp;T”), through their wholly-owned subsidiary, Sentech Engineering Services, Inc. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">Instaff's financial results for reported periods have been reflected in our Consolidated Statements of Operations and Comprehensive Income and Consolidated Statements of Cash Flows as discontinued operations. Additionally, the related assets and liabilities associated with the discontinued operations are classified as discontinued operations in our Consolidated Balance Sheets.</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">See “Note 4 - Discontinued Operations” in our Consolidated Financial Statements included elsewhere in this report for additional information.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company operates primarily within the United States of America in Real Estate and Professional industry segments, and prior to March 21, 2022, discontinued operations in Light Industrial (see Note 4).</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Real Estate segment provides office and maintenance field talent to various apartment communities and commercial buildings currently in 34 states and D.C., via property management companies responsible for the apartment communities' and commercial buildings' day-to-day operations. The Real Estate segment operates through two divisions, BG Multifamily and BG Talent.</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Professional segment provides skilled field talent on a nationwide basis for information technology (“IT”) and finance, accounting, legal and human resource client partner projects. The Professional segment operates through three divisions, IT Consulting, IT Infrastructure &amp; Development, and Finance and Accounting under various trade names including Extrinsic, American Partners, Donovan &amp; Watkins, Vision Technology Services, Zycron, Smart Resources, L.J. Kushner &amp; Associates, EdgeRock Technology Partners, and Momentum Solutionz.</span></div><div style="text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company normally experiences seasonal fluctuations. The quarterly operating results are affected by the number of billing days in a quarter, as well as the seasonality of client partners’ businesses. Demand for the Real Estate workforce solutions has historically increased in the second quarter and is highest during the third quarter of the year due to the increased turns in multifamily units during the summer months when schools are not in session. Overall first quarter demand can be affected by adverse weather conditions in the winter months. In addition, the cost of services typically increases in the first quarter primarily due to the reset of payroll taxes.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has adjusted, and continues to monitor and change, its operations in response to COVID-19 in all of it's segments, client partner, and home office locations. The pandemic may continue to impact both operational and financial performance. The impact on the Company's client partners, and the ongoing government and community reactions to the pandemic remain unpredictable.</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The accompanying unaudited consolidated financial statements have been prepared by the Company in accordance with generally accepted accounting principles in the United States of America (“GAAP”), pursuant to the applicable rules and regulations of the SEC. The information furnished herein reflects all adjustments (consisting only of normal recurring adjustments) that are, in the opinion of management, necessary to present a fair statement of the financial position and operating results of the Company as of and for the respective periods. However, these operating results are not necessarily indicative of the results expected for a full fiscal year or any other future period. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with GAAP have been omitted pursuant to such rules and regulations. However, management of the Company believes, to the best of its knowledge, that the disclosures herein are adequate to make the information presented not misleading. The Company has determined that there were no subsequent events that would require disclosure or adjustments to the accompanying consolidated financial statements through the date the financial statements were issued, except for disclosure in Note 15. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the fiscal year ended December 26, 2021, included in its Annual Report on Form 10-K.</span></div>
CY2022Q1 us-gaap Fiscal Period
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<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Fiscal Periods</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has a 52/53 week fiscal year. Fiscal periods for the consolidated financial statements included herein are as of March 27, 2022 and December 26, 2021, and include the thirteen week periods ended March 27, 2022 and March 28, 2021, referred to herein as Fiscal 2022 and 2021, respectively.</span></div>
CY2022Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Reclassifications</span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the 2021 financial statements to conform with the 2022 presentation.</span></div>
CY2022Q1 us-gaap Use Of Estimates
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Management Estimates<div style="text-align:justify;text-indent:49.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates affecting the financial statements include allowances for credit losses, goodwill, intangible assets, lease liability, contingent consideration obligations related to acquisitions, and income taxes. Additionally, the valuation of share-based compensation expense uses a model based upon interest rates, stock prices, maturity estimates, volatility and other factors. The Company believes these estimates and assumptions are reliable. However, these estimates and assumptions may change in the future based on actual experience as well as market conditions.</span></div><div style="text-align:justify;text-indent:13.5pt"><span><br/></span></div><div style="text-align:justify;text-indent:13.5pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">The COVID-19 pandemic continues to have an impact on our economy as a result of measures designed to stop the spread of the virus. In light of the ultimate duration and severity of COVID-19, we face a greater degree of uncertainty than normal in making the judgments and estimates needed to apply the Company’s significant accounting policies. While the ongoing COVID-19 response continues to evolve, management may continue to make changes to these estimates and judgments over time, which could result in meaningful impacts to the Company’s financial statements in future periods. Actual results and outcomes may differ from management’s estimates and assumptions.</span></div>
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CY2022Q1 us-gaap Provision For Doubtful Accounts
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CY2021Q1 us-gaap Provision For Doubtful Accounts
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CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
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CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
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2600000 USD
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26400000 USD
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4500000 USD
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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4300000 USD
CY2022Q1 us-gaap Deposit Contracts Assets
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CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2022Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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387350 shares
CY2021Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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449212 shares
CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.168
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CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.050
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CY2021Q1 us-gaap Operating Lease Payments
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579316 USD
CY2022Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
502194 USD
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
523296 USD
CY2022Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
75230 USD
CY2021Q1 us-gaap Short Term Lease Cost
ShortTermLeaseCost
48101 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1719327 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1561952 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
973510 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
277095 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4531884 USD
CY2022Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
426467 USD
CY2022Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4105417 USD
CY2022Q1 bgsf Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
41800000 USD
CY2021Q4 bgsf Intangible Assets Accumulated Amortization
IntangibleAssetsAccumulatedAmortization
41100000 USD
CY2022Q1 bgsf Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
557510 USD
CY2021Q1 bgsf Amortizationof Acquired Intangible Assets
AmortizationofAcquiredIntangibleAssets
599942 USD
CY2022Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
738720 USD
CY2021Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
658407 USD
CY2022Q1 bgsf Amortizationof Intangible Assets Net
AmortizationofIntangibleAssetsNet
777541 USD
CY2021Q1 bgsf Amortizationof Intangible Assets Net
AmortizationofIntangibleAssetsNet
677229 USD
CY2022Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6662593 USD
CY2021Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6042341 USD
CY2022Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2111031 USD
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1310918 USD
CY2022Q1 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
3547705 USD
CY2021Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
4522723 USD
CY2022Q1 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3170548 USD
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
4277938 USD
CY2022Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
15491877 USD
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
16153920 USD
CY2022Q1 bgsf Business Combination Contingent Consideration Payment In Year Two
BusinessCombinationContingentConsiderationPaymentInYearTwo
1110000 USD
CY2022Q1 bgsf Interest Expense Earn Out Payable In Year Two
InterestExpenseEarnOutPayableInYearTwo
92670 USD
CY2022Q1 bgsf Business Combination Contingent Consideration Liability Two Years
BusinessCombinationContingentConsiderationLiabilityTwoYears
1017330 USD
CY2022Q1 bgsf Business Combination Contingent Consideration Payments Due
BusinessCombinationContingentConsiderationPaymentsDue
1110000 USD
CY2022Q1 bgsf Interest Expense Earn Out Payable Total
InterestExpenseEarnOutPayableTotal
92670 USD
CY2022Q1 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
1017330 USD
CY2022Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
100000 USD
CY2022Q1 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
15300000 USD
CY2021Q1 us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
6300000 USD
CY2022Q1 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
25000000 USD
CY2022Q1 us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
1100000 USD
CY2022Q1 bgsf Interest Expense Earn Out Payable
InterestExpenseEarnOutPayable
100000 USD
CY2022Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
19500000 shares
CY2022Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2021Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
600 shares
CY2022Q1 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
14203 shares
CY2022Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
500000 USD
CY2021Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
400000 USD
CY2022Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2022Q1 us-gaap Revenues
Revenues
68542277 USD
CY2021Q1 us-gaap Revenues
Revenues
49750192 USD
CY2022Q1 us-gaap Depreciation
Depreciation
160253 USD
CY2022Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
738720 USD
CY2021Q1 us-gaap Depreciation
Depreciation
177835 USD
CY2021Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
76043 USD
CY2021Q1 us-gaap Adjustment For Amortization
AdjustmentForAmortization
658407 USD
CY2022Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
2815514 USD
CY2022Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
2050225 USD
CY2021Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
540311 USD
CY2022Q1 us-gaap Assets
Assets
135516372 USD
CY2021Q4 us-gaap Assets
Assets
148293966 USD

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