$JOB
GEE Group Inc. Stock $job

$job Overview Financials Valuation SEC Filings Company Website

2021 Q4 Form 10-Q Financial Statement

#000147793222000801 Filed on February 14, 2022

Income Statement

Concept	2021 Q4	2020 Q4	2020 Q3
Revenue	$42.85M	$34.64M	$31.00M
YoY Change	23.68%	-7.76%	-20.2%
Cost Of Revenue	$27.27M	$22.06M	$20.48M
YoY Change	23.58%	-11.61%	-19.89%
Gross Profit	$15.58M	$12.58M	$10.53M
YoY Change	23.86%	-0.12%	-20.81%
Gross Profit Margin	36.37%	36.31%	33.95%
Selling, General & Admin	$12.36M	$9.487M	$9.072M
YoY Change	30.27%	-13.07%	-16.85%
% of Gross Profit	79.32%	75.41%	86.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$86.00K	$73.00K	$1.184M
YoY Change	17.81%	-95.06%	-19.84%
% of Gross Profit	0.55%	0.58%	11.25%
Operating Expenses	$12.36M	$9.487M	$10.26M
YoY Change	30.27%	-23.44%	-17.21%
Operating Profit	-$27.00K	$1.976M	$271.0K
YoY Change	-101.37%	868.63%	-70.06%
Interest Expense	-$107.0K	-$2.686M	-$2.615M
YoY Change	-96.02%	-16.56%	-19.07%
% of Operating Profit		-135.93%	-964.94%
Other Income/Expense, Net
YoY Change
Pretax Income	$16.64M	-$710.0K	-$12.22M
YoY Change	-2443.52%	-79.07%	237.96%
Income Tax	-$29.00K	-$395.0K	$326.0K
% Of Pretax Income	-0.17%
Net Earnings	$16.67M	-$315.0K	-$12.55M
YoY Change	-5391.43%	-91.16%	249.87%
Net Earnings / Revenue	38.9%	-0.91%	-40.48%
Basic Earnings Per Share	$0.15	-$0.02
Diluted Earnings Per Share	$0.14	-$0.02	-$707.0K
COMMON SHARES
Basic Shares Outstanding	114.1M shares	17.67M shares
Diluted Shares Outstanding	115.5M shares	17.67M shares

Balance Sheet

Concept	2021 Q4	2020 Q4	2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.13M	$14.12M	$14.07M
YoY Change	-14.11%	560.07%	247.08%
Cash & Equivalents	$12.13M	$14.12M	$14.07M
Short-Term Investments
Other Short-Term Assets	$860.0K	$854.0K	$1.393M
YoY Change	0.7%	-35.98%	-37.28%
Inventory
Prepaid Expenses
Receivables	$21.23M	$18.62M	$16.05M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$34.22M	$33.59M	$31.51M
YoY Change	1.86%	41.84%	16.28%
LONG-TERM ASSETS
Property, Plant & Equipment	$1.083M	$5.135M	$906.0K
YoY Change	-78.91%	-18.49%	6.34%
Goodwill	$61.29M		$63.44M
YoY Change			-12.24%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$1.001M	$501.0K	$684.0K
YoY Change	99.8%	26.52%	93.77%
Total Long-Term Assets	$80.72M	$86.88M	$88.50M
YoY Change	-7.09%	-14.38%	-9.12%
TOTAL ASSETS
Total Short-Term Assets	$34.22M	$33.59M	$31.51M
Total Long-Term Assets	$80.72M	$86.88M	$88.50M
Total Assets	$114.9M	$120.5M	$120.0M
YoY Change	-4.6%	-3.74%	-3.59%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.375M	$1.920M	$2.051M
YoY Change	23.7%	-34.78%	-45.06%
Accrued Expenses	$6.550M	$6.484M	$7.121M
YoY Change	1.02%	9.68%	36.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$5.608M	$0.00
YoY Change	-100.0%
Long-Term Debt Due			$0.00
YoY Change			-100.0%
Total Short-Term Liabilities	$13.64M	$22.11M	$18.16M
YoY Change	-38.29%	64.59%	-2.18%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$65.03M	$67.36M
YoY Change	-100.0%	-10.35%	-1.23%
Other Long-Term Liabilities	$586.0K	$5.742M	$2.756M
YoY Change	-89.79%	26.9%	363.19%
Total Long-Term Liabilities	$3.706M	$70.77M	$74.47M
YoY Change	-94.76%	-8.17%	8.26%
TOTAL LIABILITIES
Total Short-Term Liabilities	$13.64M	$22.11M	$18.16M
Total Long-Term Liabilities	$3.706M	$70.77M	$74.47M
Total Liabilities	$17.35M	$93.10M	$92.64M
YoY Change	-81.36%	2.46%	5.67%
SHAREHOLDERS EQUITY
Retained Earnings	-$13.98M		-$30.65M
YoY Change
Common Stock	$0.00		$0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$97.58M	$27.37M	$27.38M
YoY Change
Total Liabilities & Shareholders Equity	$114.9M	$120.5M	$120.0M
YoY Change	-4.6%	-3.74%	-3.59%

Cashflow Statement

Concept	2021 Q4	2020 Q4	2020 Q3
OPERATING ACTIVITIES
Net Income	$16.67M	-$315.0K	-$12.55M
YoY Change	-5391.43%	-91.16%	249.87%
Depreciation, Depletion And Amortization	$86.00K	$73.00K	$1.184M
YoY Change	17.81%	-95.06%	-19.84%
Cash From Operating Activities	$2.264M	$47.00K	-$2.492M
YoY Change	4717.02%	-103.24%	-1687.26%
INVESTING ACTIVITIES
Capital Expenditures	$84.00K	$2.000K	-$14.00K
YoY Change	4100.0%	-103.45%	-86.14%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$84.00K	-$2.000K	-$14.00K
YoY Change	4100.0%	-96.55%	-86.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$0.00	$0.00	3.000K
YoY Change		-100.0%	-101.83%
NET CHANGE
Cash From Operating Activities	$2.264M	$47.00K	-2.492M
Cash From Investing Activities	-$84.00K	-$2.000K	-14.00K
Cash From Financing Activities	$0.00	$0.00	3.000K
Net Change In Cash	$2.180M	$45.00K	-2.503M
YoY Change	4744.44%	-102.35%	2217.59%
FREE CASH FLOW
Cash From Operating Activities	$2.264M	$47.00K	-$2.492M
Capital Expenditures	$84.00K	$2.000K	-$14.00K
Free Cash Flow	$2.180M	$45.00K	-$2.478M
YoY Change	4744.44%	-103.23%	-1060.47%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	114100455	shares
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12127000	USD
CY2021Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9947000	USD
CY2021Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	363000	USD
CY2021Q3	us-gaap	Accounts Receivable Net AccountsReceivableNet	286000	USD
CY2021Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	21231000	USD
CY2021Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	23070000	USD
CY2021Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	860000	USD
CY2021Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	668000	USD
CY2021Q4	us-gaap	Assets Current AssetsCurrent	34218000	USD
CY2021Q3	us-gaap	Assets Current AssetsCurrent	33685000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	1083000	USD
CY2021Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	765000	USD
CY2021Q4	us-gaap	Goodwill Goodwill	61293000	USD
CY2021Q3	us-gaap	Goodwill Goodwill	63443000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	13740000	USD
CY2021Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	14754000	USD
CY2021Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3598000	USD
CY2021Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	3920000	USD
CY2021Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1001000	USD
CY2021Q3	us-gaap	Assets Assets	117589000	USD
CY2021Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1022000	USD
CY2021Q3	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	591000	USD
CY2020Q4	us-gaap	Revenues Revenues	34643000	USD
CY2021Q4	us-gaap	Contract With Customer Asset Purchase ContractWithCustomerAssetPurchase	27265000	USD
CY2021Q4	us-gaap	Assets Assets	114933000	USD
CY2020Q4	us-gaap	Contract With Customer Asset Purchase ContractWithCustomerAssetPurchase	22063000	USD
CY2021Q4	us-gaap	Gross Profit GrossProfit	15582000	USD
CY2021Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	2634000	USD
CY2021Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	3006000	USD
CY2020Q4	job	Contract Staffing Services ContractStaffingServices	31248000	USD
CY2021Q4	job	Direct Hire Placement Services DirectHirePlacementServices	6163000	USD
CY2020Q4	job	Direct Hire Placement Services DirectHirePlacementServices	3395000	USD
CY2021Q4	us-gaap	Deferred Tax Liabilities Noncurrent DeferredTaxLiabilitiesNoncurrent	486000	USD
CY2021Q4	us-gaap	Revenues Revenues	42847000	USD
CY2021Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	2375000	USD
CY2021Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	2257000	USD
CY2021Q4	us-gaap	Compensated Absences Liability CompensatedAbsencesLiability	4904000	USD
CY2021Q3	us-gaap	Compensated Absences Liability CompensatedAbsencesLiability	6413000	USD
CY2021Q4	job	Current Paycheck Protection Program Loans And Accrued Interest CurrentPaycheckProtectionProgramLoansAndAccruedInterest	0	USD
CY2021Q3	job	Current Paycheck Protection Program Loans And Accrued Interest CurrentPaycheckProtectionProgramLoansAndAccruedInterest	16741000	USD
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1646000	USD
CY2021Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1681000	USD
CY2021Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	4718000	USD
CY2021Q3	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	4065000	USD
CY2021Q4	us-gaap	Liabilities Current LiabilitiesCurrent	13643000	USD
CY2021Q3	us-gaap	Liabilities Current LiabilitiesCurrent	31157000	USD
CY2021Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	586000	USD
CY2021Q3	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	2066000	USD
CY2021Q4	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3706000	USD
CY2021Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	5663000	USD
CY2021Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	20000000	shares
CY2021Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2021Q3	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2021Q4	job	Total Mezzanine Equity TotalMezzanineEquity	0	USD
CY2021Q3	job	Total Mezzanine Equity TotalMezzanineEquity	0	USD
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	200000000	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	114100000	shares
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	0	USD
CY2021Q3	us-gaap	Common Stock Value CommonStockValue	0	USD
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	111563000	USD
CY2021Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	111416000	USD
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-13979000	USD
CY2021Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-30647000	USD
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	97584000	USD
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	80769000	USD
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	114933000	USD
CY2021Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	117589000	USD
CY2021Q4	job	Contract Staffing Services ContractStaffingServices	36684000	USD
CY2020Q4	us-gaap	Gross Profit GrossProfit	12580000	USD
CY2021Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	12359000	USD
CY2020Q4	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	9487000	USD
CY2021Q4	us-gaap	Depreciation Depreciation	86000	USD
CY2020Q4	us-gaap	Depreciation Depreciation	73000	USD
CY2021Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1014000	USD
CY2020Q4	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1044000	USD
CY2021Q4	us-gaap	Goodwill Impairment Loss Net Of Tax GoodwillImpairmentLossNetOfTax	2150000	USD
CY2021Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-1509000	USD
CY2021Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	-27000	USD
CY2020Q4	us-gaap	Operating Income Loss OperatingIncomeLoss	1976000	USD
CY2021Q4	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	16773000	USD
CY2020Q4	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2021Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-107000	USD
CY2020Q4	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-2686000	USD
CY2021Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16639000	USD
CY2020Q4	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-710000	USD
CY2021Q4	us-gaap	Other Tax Expense Benefit OtherTaxExpenseBenefit	-29000	USD
CY2020Q4	us-gaap	Other Tax Expense Benefit OtherTaxExpenseBenefit	-395000	USD
CY2021Q4	us-gaap	Net Income Loss NetIncomeLoss	16668000	USD
CY2020Q4	us-gaap	Net Income Loss NetIncomeLoss	-315000	USD
CY2021Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2020Q4	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.02
CY2021Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.14
CY2020Q4	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.02
CY2021Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	114100000	shares
CY2020Q4	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	17667000	shares
CY2021Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	115542000	shares
CY2020Q4	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	17667000	shares
CY2021Q3	us-gaap	Stockholders Equity StockholdersEquity	80769000	USD
CY2021Q4	job	Share Based Compensation Amount ShareBasedCompensationAmount	147000	USD
CY2021Q4	us-gaap	Profit Loss ProfitLoss	16668000	USD
CY2021Q4	us-gaap	Stockholders Equity StockholdersEquity	97584000	USD
CY2020Q3	us-gaap	Stockholders Equity StockholdersEquity	27378000	USD
CY2020Q4	job	Share Based Compensation Amount ShareBasedCompensationAmount	311000	USD
CY2020Q4	us-gaap	Net Income Loss NetIncomeLoss	-315000	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	27374000	USD
CY2021Q4	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	16773000	USD
CY2020Q4	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2021Q4	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1100000	USD
CY2020Q4	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1117000	USD
CY2021Q4	us-gaap	Other Noncash Expense OtherNoncashExpense	322000	USD
CY2020Q4	us-gaap	Other Noncash Expense OtherNoncashExpense	338000	USD
CY2021Q4	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	2150000	USD
CY2021Q4	us-gaap	Share Based Compensation ShareBasedCompensation	147000	USD
CY2020Q4	us-gaap	Share Based Compensation ShareBasedCompensation	311000	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	77000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Period Increase Decrease AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease	-397000	USD
CY2021Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-105000	USD
CY2020Q4	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-215000	USD
CY2021Q4	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	38000	USD
CY2020Q4	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	445000	USD
CY2021Q4	job	Paid In Kind Interest On Term Loan PaidInKindInterestOnTermLoan	0	USD
CY2020Q4	job	Paid In Kind Interest On Term Loan PaidInKindInterestOnTermLoan	547000	USD
CY2021Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	1762000	USD
CY2020Q4	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2176000	USD
CY2021Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	118000	USD
CY2020Q4	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-131000	USD
CY2020Q4	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-598000	USD
CY2021Q4	us-gaap	Debt Instrument Increase Accrued Interest DebtInstrumentIncreaseAccruedInterest	32000	USD
CY2020Q4	us-gaap	Debt Instrument Increase Accrued Interest DebtInstrumentIncreaseAccruedInterest	46000	USD
CY2021Q4	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	-1763000	USD
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	0
CY2020Q4	us-gaap	Net Income Loss NetIncomeLoss	-315000	USD
CY2020Q4	us-gaap	Increase Decrease In Other Current Assets And Liabilities Net IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet	1075000	USD
CY2021Q4	job	Acquisition Of Equipment With Finance Lease AcquisitionOfEquipmentWithFinanceLease	320000	USD
CY2021Q4	us-gaap	Revenue Recognition Sales Returns Reserve For Sales Returns RevenueRecognitionSalesReturnsReserveForSalesReturns	694000	USD
CY2020Q4	us-gaap	Revenue Recognition Sales Returns Reserve For Sales Returns RevenueRecognitionSalesReturnsReserveForSalesReturns	303000	USD
CY2020Q4	job	Acquisition Of Equipment With Finance Lease AcquisitionOfEquipmentWithFinanceLease	14000	USD
CY2021Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	USD
CY2020Q4	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	21000	USD
CY2021Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	2264000	USD
CY2020Q4	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	47000	USD
CY2021Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	84000	USD
CY2020Q4	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	2000	USD
CY2021Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-84000	USD
CY2020Q4	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2000	USD
CY2021Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	USD
CY2020Q4	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	USD
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	2180000	USD
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	45000	USD
CY2021Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	9947000	USD
CY2020Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14074000	USD
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	12127000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14119000	USD
CY2021Q4	us-gaap	Interest Paid Net InterestPaidNet	36000	USD
CY2020Q4	us-gaap	Interest Paid Net InterestPaidNet	1647000	USD
CY2021Q2	job	Exit And Restructuring Fees ExitAndRestructuringFees	4978	USD
CY2021	job	Deferred Deferred	3692000	USD
CY2021Q4	job	Deferred Deferred	1827000	USD
CY2021Q4	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Article 8 of Regulation S-X requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at 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. </p>
CY2021Q3	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	286000	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	363000	USD
CY2021Q4	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue	0
CY2021Q4	job	Reserve For Permanent Placement ReserveForPermanentPlacement	239000	USD
CY2021Q3	job	Reserve For Permanent Placement ReserveForPermanentPlacement	115000	USD
CY2021Q4	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	2150000	USD
CY2021Q4	job	Dilutive Securities Included In The Computation Of Earning Per Share DilutiveSecuritiesIncludedInTheComputationOfEarningPerShare	1442000	shares
CY2021Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	1748000	shares
CY2020Q4	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	2791000	shares
CY2021Q4	us-gaap	Advertising Expense AdvertisingExpense	518000	USD
CY2020Q4	us-gaap	Advertising Expense AdvertisingExpense	421000	USD
CY2021Q4	job	Non Vested Restricted Stock Outstanding Ending Balance NonVestedRestrictedStockOutstandingEndingBalance	1442000	shares
CY2021Q4	us-gaap	Description Of Lessor Leasing Arrangements Operating Leases DescriptionOfLessorLeasingArrangementsOperatingLeases	office lease expires in 2026
CY2021Q4	us-gaap	Operating Lease Expense OperatingLeaseExpense	534000	USD
CY2020Q4	us-gaap	Operating Lease Expense OperatingLeaseExpense	561000	USD
CY2021Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3908000	USD
CY2021Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	3504000	USD
CY2021Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	765000	USD
CY2021Q4	us-gaap	Depreciation Depreciation	86000	USD
CY2020Q4	us-gaap	Depreciation Depreciation	73000	USD
CY2021Q4	job	Cash Paid For Operating Lease Liabilities CashPaidForOperatingLeaseLiabilities	484000	USD
CY2020Q4	job	Cash Paid For Operating Lease Liabilities CashPaidForOperatingLeaseLiabilities	493000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	4280000	USD
CY2021Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	1646000	USD
CY2021Q4	job	Weighted Average Remaining Lease Term For Operating Leases WeightedAverageRemainingLeaseTermForOperatingLeases	P2Y4M24D
CY2021	job	Weighted Average Remaining Lease Term For Operating Leases WeightedAverageRemainingLeaseTermForOperatingLeases	P2Y8M12D
CY2021Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.059	pure
CY2021Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.059	pure
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	1403000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	1365000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	1079000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	572000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	194000	USD
CY2021Q4	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	29000	USD
CY2021Q4	job	Less Imputed Interest LessImputedInterest	-362000	USD
CY2021Q3	job	Goodwill End Of Fiscal Year GoodwillEndOfFiscalYear	63443000	USD
CY2021Q4	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	2150000	USD
CY2021	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0	USD
CY2021Q4	job	Goodwill End Of Fiscal Year GoodwillEndOfFiscalYear	61293000	USD
CY2021Q3	job	Goodwill End Of Fiscal Year GoodwillEndOfFiscalYear	63443000	USD
CY2021Q4	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	2150000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	23659000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	13740000	USD
CY2021Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	22645000	USD
CY2021Q4	job	Restricted Stock Shares Available To Be Granted Under Amended Plan RestrictedStockSharesAvailableToBeGrantedUnderAmendedPlan	4958000	shares
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	2454000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	2879000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	2879000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	2741000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	1870000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	917000	USD
CY2021Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	13740000	USD
CY2021Q4	us-gaap	Deferred Sales Inducements Amortization Expense DeferredSalesInducementsAmortizationExpense	1014000	USD
CY2020Q4	us-gaap	Deferred Sales Inducements Amortization Expense DeferredSalesInducementsAmortizationExpense	1044000	USD
CY2021Q4	job	Senior Bank Loan Security And Guarantee Agreement Textblock SeniorBankLoanSecurityAndGuaranteeAgreementTextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>8. </strong><strong>Senior Bank Loan, Security and Guarantee Agreement</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On May 14, 2021, GEE Group, Inc. and its subsidiaries, Agile Resources, Inc., Access Data Consulting Corporation, BMCH, Inc., GEE Group Portfolio, Inc., Paladin Consulting, Inc., Scribe Solutions, Inc., SNI Companies, Inc., Triad Personnel Services, Inc., and Triad Logistics, Inc. entered a Loan, Security and Guaranty Agreement for a $20 million asset-based senior secured revolving credit facility with CIT Bank, N.A. (the “CIT Facility”). The CIT Facility is collateralized by 100% of the assets of the Company and its subsidiaries who are co-borrowers and/or guarantors. The CIT Facility matures on the fifth anniversary of the closing date (May 14, 2026). Concurrent with the May 14, 2021 closing of the CIT Facility, the Company borrowed $5,326 and utilized these funds to pay all remaining unpaid Exit and Restructuring Fees due to its former senior lenders in the amount of $4,978, with the remainder going to direct fees and costs associated with the CIT Facility. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of December 31, 2021, the Company had $26 in outstanding borrowings and $13,319 available for borrowing under the terms of the CIT Facility. The Company also had $675 in unamortized debt issue cost associated with the CIT Facility.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Under the CIT Facility, advances will be subject to a borrowing base formula that will be computed based on 85% of eligible accounts receivable of the Company and subsidiaries as defined in the CIT Facility, and subject to certain other criteria, conditions, and applicable reserves, including any additional eligibility requirements as determined by the administrative agent. The CIT Facility is subject to usual and customary covenants and events of default for credit facilities of this type. The interest rate, at the Company’s election, will be based on either the Base Rate, as defined, plus the applicable margin; or the London Interbank Offering Rate (“LIBOR” or any successor thereto) for the applicable interest period, subject to a 1% floor, plus the applicable margin. The CIT Facility also contains provisions addressing the potential future replacement of LIBOR utilized and referenced in the loan agreement, in the event LIBOR becomes no longer available. In addition to interest costs on advances outstanding, the CIT Facility will provide for an unused line fee ranging from 0.375% to 0.50% depending on the amount of undrawn credit, original issue discount and certain fees for diligence, implementation, and administration.</p>
CY2021Q4	job	Cares Act Payroll Protection Program Loans CaresActPayrollProtectionProgramLoans	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>9. CARES Act Payroll Protection Program Loans</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">Between April 29 and May 7, 2020, the Company obtained for each of its operating subsidiaries a loan from BBVA USA (now known as PNC Bank) pursuant to the Payroll Protection Plan (the “PPP”) which was established under the Coronavirus Aid, Relief, and Economic Security Act (“the CARES Act”) and administered by the U.S. Small Business Administration (“SBA”). The PPP loans were necessary to support ongoing operations due to current economic hardship, uncertainty, and the significant negative effects on the business operations and activity levels of the applicants attributable to COVID-19 including the impact of lockdowns, quarantines and shut-downs. The PPP loans were used primarily to restore employee pay-cuts, recall furloughed or laid-off employees, support the payroll costs for existing employees, hire new employees, and for other allowable purposes including interest costs on certain business mortgage obligations, rent and utilities. Each of the Company’s subsidiary executed a separate promissory note evidencing unsecured loans under the PPP. The following promissory notes were executed by the Company and its subsidiaries: GEE Group, Inc., for $1,992 (the “GEE Group Note”), Scribe Solutions, Inc. for $277 (the “Scribe Note”), Agile Resources, Inc. for $1,206 (the “Agile Note”), Access Data Consulting Corporation for $1,456 (the “Access Note”), Paladin Consulting, Inc. for $1,925 (the “Paladin Note”), SNI Companies, Inc. for $10,000 (the “SNI Note”), Triad Personnel Services, Inc. for $404 (the “Triad Personnel Note”), Triad Logistics, Inc. for $78 (the “Triad Logistics Note”), and BMCH, Inc. for $2,589 (the “BMCH Note”). The GEE Group Note, the Scribe Note, the Agile Note, the Access Note, the Paladin Note, the SNI Note, the Triad Personnel Note, the Triad Logistics Note, and the BMCH Note are referred to together as the “PPP Notes” and each individually as a “PPP Note”. The loans evidenced by the PPP Notes (the “PPP Loans”) are being made through BBVA as the lender. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company and its operating subsidiaries have been granted forgiveness of their respective outstanding PPP loans, including the Company’s last four remaining PPP loans and interest for GEE Group Inc., BMCH, Inc., Paladin Consulting, Inc., and SNI Companies, Inc., in the amounts of $2,024, $2,630, $1,956, and $10,163, respectively, which were forgiven by the SBA in December 2021. The Company recognized net gains of $16,773, in aggregate, during the three months ended December 31, 2021 as a result of the forgiveness of its last four PPP loans. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The PPP loans obtained by GEE Group Inc., as a public company, and some of its operating subsidiaries, together as an affiliated group, have exceeded the $2,000 audit threshold established by the SBA, and therefore, also will be subject to audit by the SBA in the future. If any of the nine forgiven PPP loans are reinstated in whole or in part as the result of a future audit, a charge or charges would be incurred, accordingly, and they would need to be repaid. If the companies are unable to repay the portions of their PPP loans that ultimately may be reinstated from available liquidity or operating cash flow, we may be required to raise additional equity or debt capital to repay the PPP loans.</p>
CY2021Q4	job	Audit Threshould AuditThreshould	2000000	USD
CY2021Q2	job	Common Stock Shares Acquired CommonStockSharesAcquired	679000	shares
CY2021Q4	job	Restricted Common Stock Shares Granted Under Amendment Plan RestrictedCommonStockSharesGrantedUnderAmendmentPlan	5828000	shares
CY2021Q4	job	Non Vested Restricted Stock Outstanding Beginning Balance NonVestedRestrictedStockOutstandingBeginningBalance	1442000	shares
CY2021Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	0.60
CY2020Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.58	pure
CY2021Q4	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	0.60
CY2021Q4	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	29000	USD
CY2020Q4	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	395000	USD
CY2021Q4	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0	pure
CY2021Q4	job	Annual Premium Refunds AnnualPremiumRefunds	18000	USD
CY2020Q4	job	Annual Premium Refunds AnnualPremiumRefunds	1537000	USD
CY2021Q4	job	Adjusted Industrial Services Gross Margin AdjustedIndustrialServicesGrossMargin	0.148	pure
CY2020Q4	job	Adjusted Industrial Services Gross Margin AdjustedIndustrialServicesGrossMargin	0.154	pure

Files In Submission

Name	View Source	Status
0001477932-22-000801-index-headers.html	Edgar Link	pending
0001477932-22-000801-index.html	Edgar Link	pending
0001477932-22-000801.txt	Edgar Link	pending
0001477932-22-000801-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
job-20211231.xsd	Edgar Link	pending
job-20211231_cal.xml	Edgar Link	unprocessable
job-20211231_def.xml	Edgar Link	unprocessable
job-20211231_lab.xml	Edgar Link	unprocessable
job-20211231_pre.xml	Edgar Link	unprocessable
job_10q.htm	Edgar Link	pending
job_10q_htm.xml	Edgar Link	completed
job_ex311.htm	Edgar Link	pending
job_ex312.htm	Edgar Link	pending
job_ex321.htm	Edgar Link	pending
job_ex322.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$JOB
GEE Group Inc. Stock $job

2021 Q4 Form 10-Q Financial Statement

#000147793222000801 Filed on February 14, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$JOB GEE Group Inc. Stock $job

2021 Q4 Form 10-Q Financial Statement

#000147793222000801 Filed on February 14, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$JOB
GEE Group Inc. Stock $job