| Schedule of Reportable Segments |
The Company generated revenue and gross profit by segment as follows:
|
|
|
Three Months Ended
|
|
Nine Months Ended
|
| |
|
September 28,
2024
|
|
September 30,
2023
|
|
September 28,
2024
|
|
September 30,
2023
|
|
Commercial Staffing – US
|
|
$
|
19,172 |
|
|
$
|
23,714 |
|
|
$
|
58,970 |
|
|
$
|
71,106 |
|
|
Professional Staffing – US
|
|
|
26,926 |
|
|
|
25,823 |
|
|
|
72,749 |
|
|
|
74,670 |
|
|
Total Revenue
|
|
$
|
46,098 |
|
|
$
|
49,537 |
|
|
$
|
131,719 |
|
|
$
|
145,776 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial Staffing – US
|
|
$
|
3,127 |
|
|
$
|
5,185 |
|
|
$
|
9,417 |
|
|
$
|
13,293 |
|
|
Professional Staffing – US
|
|
|
3,035 |
|
|
|
2,478 |
|
|
|
7,870 |
|
|
|
8,883 |
|
|
Total Gross Profit
|
|
$
|
6,162 |
|
|
$
|
7,663 |
|
|
$
|
17,287 |
|
|
$
|
22,176 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses
|
|
$
|
(6,996 |
)
|
|
$
|
(8,641 |
)
|
|
$
|
(20,023 |
)
|
|
$
|
(24,110 |
)
|
|
Depreciation and amortization
|
|
|
(474 |
)
|
|
|
(513 |
)
|
|
|
(1,427 |
)
|
|
|
(1,388 |
)
|
|
Interest expense and amortization of debt discount and deferred financing costs
|
|
|
(574 |
)
|
|
|
(1,316 |
)
|
|
|
(3,301 |
)
|
|
|
(3,658 |
)
|
|
Discontinued Operations
|
|
|
—
|
|
|
|
(1,190 |
)
|
|
|
901 |
|
|
|
(2,879 |
)
|
|
Other loss income, net
|
|
|
(911 |
)
|
|
|
(237 |
)
|
|
|
(656 |
)
|
|
|
(63 |
)
|
|
Loss Before Provision for Income Tax
|
|
$
|
(2,793 |
)
|
|
$
|
(4,234 |
)
|
|
$
|
(7,219 |
)
|
|
$
|
(9,922 |
)
|
|
The Company has two reportable segments: Commercial — US and Professional — US.
|
|
|
Twelve Months Ended
|
| |
|
December 30,
2023
|
|
December 31,
2022
|
|
Commercial Staffing – US
|
|
$
|
91,874 |
|
|
$
|
108,205 |
|
|
Professional Staffing – US
|
|
|
99,002 |
|
|
|
76,679 |
|
|
Total Revenue
|
|
$
|
190,876 |
|
|
$
|
184,884 |
|
| |
|
|
|
|
|
|
|
|
|
Commercial Staffing – US
|
|
$
|
16,805 |
|
|
$
|
19,182 |
|
|
Professional Staffing – US
|
|
|
11,724 |
|
|
|
13,567 |
|
|
Total Gross Profit
|
|
$
|
28,529 |
|
|
$
|
32,749 |
|
| |
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses
|
|
$
|
(38,214 |
)
|
|
$
|
(32,556 |
)
|
|
Depreciation and amortization
|
|
|
(1,901 |
)
|
|
|
(1,959 |
)
|
|
Interest expense and amortization of debt discount and deferred
financing costs
|
|
|
(5,461 |
)
|
|
|
(3,680 |
)
|
|
Loss on discontinued operations
|
|
|
(9,014 |
)
|
|
|
(12,496 |
)
|
|
Other (losss) income, net
|
|
|
324 |
|
|
|
726 |
|
|
(Loss) Income Before Provision for Income Tax
|
|
$
|
(25,737 |
)
|
|
$
|
(17,216 |
)
|
|
| Schedule of Disaggregates Revenues by Segments |
The following table disaggregates revenues by segments:
|
|
|
Quarter Ended September 28, 2024
|
| |
|
Commercial
Staffing – US
|
|
Professional
Staffing – US
|
|
Total
|
|
Permanent Revenue
|
|
$
|
107 |
|
$
|
315 |
|
$
|
422 |
|
Temporary Revenue
|
|
|
19,065 |
|
|
26,611 |
|
|
45,676 |
|
Total Revenue
|
|
$
|
19,172 |
|
$
|
26,926 |
|
$
|
46,098 |
|
|
|
Quarter Ended September 30, 2023
|
| |
|
Commercial
Staffing – US
|
|
Professional
Staffing – US
|
|
Total
|
|
Permanent Revenue
|
|
$
|
24 |
|
$
|
162 |
|
$
|
186 |
|
Temporary Revenue
|
|
|
23,690 |
|
|
25,661 |
|
|
49,351 |
|
Total Revenue
|
|
$
|
23,714 |
|
$
|
25,823 |
|
$
|
49,537 |
|
|
|
Nine Months Ended September 28, 2024
|
| |
|
Commercial
Staffing – US
|
|
Professional
Staffing – US
|
|
Total
|
|
Permanent Revenue
|
|
$
|
213 |
|
$
|
584 |
|
$
|
797 |
|
Temporary Revenue
|
|
|
58,757 |
|
|
72,165 |
|
|
130,922 |
|
Total
|
|
$
|
58,970 |
|
$
|
72,749 |
|
$
|
131,719 |
|
|
|
Nine Months Ended September 30, 2023
|
| |
|
Commercial
Staffing – US
|
|
Professional
Staffing – US
|
|
Total
|
|
Permanent Revenue
|
|
$
|
194 |
|
$
|
719 |
|
$
|
913 |
|
Temporary Revenue
|
|
|
70,912 |
|
|
73,951 |
|
|
144,863 |
|
Total
|
|
$
|
71,106 |
|
$
|
74,670 |
|
$
|
145,776 |
|
|