Wilhelmina International (WHLM) 10-K 20 Mar 19 2018 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Mar. 20, 2019	Jun. 30, 2018
Document Information [Line Items]
Entity Registrant Name	Wilhelmina International, Inc.
Entity Central Index Key	0001013706
Trading Symbol	whlm
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		5,250,287
Entity Public Float			$ 11.6
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and cash equivalents	$ 6,748	$ 4,256
Accounts receivable, net of allowance for doubtful accounts of $1,791 and $2,171, respectively	11,901	13,627
Prepaid expenses and other current assets	197	180
Total current assets	18,846	18,063
Property and equipment, net of accumulated depreciation of $3,264 and $2,349, respectively	2,567	3,039
Trademarks and trade names with indefinite lives	8,467	8,467
Other intangibles with finite lives, net of accumulated amortization of$8,684 and $8,609 respectively	53	128
Goodwill	13,192	13,192
Other assets	114	137
TOTAL ASSETS	43,239	43,026
Current liabilities:
Accounts payable and accrued liabilities	5,071	3,985
Due to models	8,809	10,190
Term loan - current	623	524
Total current liabilities	14,503	14,699
Long term liabilities:
Net deferred income tax liability	631	521
Term loan - non-current	2,000	1,623
Total long-term liabilities	2,631	2,144
Total liabilities	17,134	16,843
Shareholders’ equity:
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at December 31, 2018 and December 31, 2017	65	65
Treasury stock, 1,264,154 and 1,090,370 at December 31, 2018 and December 31, 2017, at cost	(6,093)	(4,893)
Additional paid-in capital	88,255	87,892
Accumulated deficit	(56,029)	(56,885)
Accumulated other comprehensive income	(93)	4
Total shareholders’ equity	26,105	26,183
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 43,239	$ 43,026

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Accounts receivable, allowance for doubtful accounts	$ 1,791	$ 2,171
Property and equipment, accumulated depreciation	3,264	2,349
Other intangibles, accumulated depreciation	$ 8,684	$ 8,609
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	9,000,000	9,000,000
Common stock, shares issued (in shares)	6,472,038	6,472,038
Treasury stock, shares (in shares)	1,264,154	1,090,370

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues
Revenues	$ 77,851	$ 73,196
Model costs	55,600	52,275
Revenues net of model costs	22,251	20,921
Operating expenses
Salaries and service costs	14,015	14,103
Office and general expenses	4,748	5,132
Amortization and depreciation	990	906
Corporate overhead	1,125	1,079
Total operating expenses	20,878	21,220
Operating income (loss)	1,373	(299)
Other expense:
Foreign exchange loss	(83)	(54)
Loss from unconsolidated affiliate		(40)
Interest expense	(101)	(128)
Total other expense	(184)	(222)
Income (loss) before income taxes	1,189	(521)
Provision for income taxes:
Current	(224)	(362)
Deferred	(109)	1,046
Income tax benefit (expense)	(333)	684
Net income	856	163
Other comprehensive income
Foreign currency translation benefit (expense)	(97)	54
Total comprehensive income	$ 759	$ 217
Basic net income per common share (in dollars per share)	$ 0.16	$ 0.03
Diluted net income per common share (in dollars per share)	$ 0.16	$ 0.03
Weighted average common shares outstanding-basic (in shares)	5,328	5,382
Weighted average common shares outstanding-diluted (in shares)	5,328	5,382
Service [Member]
Revenues
Revenues	$ 77,791	$ 73,162
License Fees and Other [Member]
Revenues
Revenues	$ 60	$ 34

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Total
Balances (in shares) at Dec. 31, 2016	6,472,000	(1,090,000)
Balances at Dec. 31, 2016	$ 65	$ (4,893)	$ 87,336	$ (57,048)	$ (50)	$ 25,410
Share based payment expense			556			556
Net income (loss) to common shareholders				163		163
Purchases of treasury stock
Foreign currency translation					54	54
Balances (in shares) at Dec. 31, 2017	6,472,000	(1,090,000)
Balances at Dec. 31, 2017	$ 65	$ (4,893)	87,892	(56,885)	4	26,183
Share based payment expense			363			363
Net income (loss) to common shareholders				856		856
Purchases of treasury stock		$ (1,200)				(1,200)
Foreign currency translation					(97)	$ (97)
Purchases of treasury stock (in shares)		(174,000)				(173,784)
Balances (in shares) at Dec. 31, 2018	6,472,000	(1,264,000)
Balances at Dec. 31, 2018	$ 65	$ (6,093)	$ 88,255	$ (56,029)	$ (93)	$ 26,105

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net income:	$ 856	$ 163
Adjustments to reconcile net income to net cash used in operating activities:
Amortization and depreciation	990	906
Share based payment expense	363	556
Bad debt expenses	58	172
Changes in operating assets and liabilities:
Accounts receivable	1,668	3,148
Prepaid expenses and other current assets	(17)	667
Other assets	23	27
Due to models	(1,381)	(4,027)
Accounts payable and accrued liabilities	1,086	(796)
Contingent liability to seller		(97)
Deferred income taxes	110	(1,046)
Net cash provided by (used in) operating activities	3,756	(327)
Cash flows from investing activities:
Purchases of property and equipment	(443)	(657)
Net cash used in investing activities	(443)	(657)
Cash flows from financing activities:
Purchases of treasury stock	(1,200)
Proceeds from term loan	1,000
Payments on term loan	(524)	(502)
Net cash used in financing activities	(724)	(502)
Foreign currency effect on cash flows:	(97)	54
Net change in cash and cash equivalents:	2,492	(1,432)
Cash and cash equivalents, beginning of period	4,256	5,688
Cash and cash equivalents, end of period	6,748	4,256
Supplemental disclosures of cash flow information:
Cash paid for interest	99	110
Cash refund of income taxes	$ 44	$ 376

Note 1 - Business Activity

Note 1 - Business Activity	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Basis of Accounting [Text Block]	Note 1. Overview The primary business of Wilhelmina is fashion model management. These business operations are headquartered in New York City. The Company’s predecessor was founded in 1967 one

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note 2. The consolidated financial statements are prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The following is a summary of significant policies used in the preparation of the accompanying financial statements. Principles of Consolidation and Basis of Presentation The financial statements include the consolidated accounts of Wilhelmina and its wholly owned subsidiaries. Wilhelmina also previously owned a non-consolidated 50% Revenue Recognition In compliance with GAAP, when reporting revenue gross as a principal versus net as an agent, the Company assesses whether the Company, the model or the talent is the primary obligor. The Company evaluates the terms of its model, talent and client agreements as part of this assessment. In addition, the Company gives appropriate consideration to other key indicators such as latitude in establishing price, discretion in model or talent selection and credit risk the Company undertakes. The Company operates broadly as a modeling agency and in those relationships with models and talents where the key indicators suggest the Company acts as a principal, the Company records the gross amount billed to the client as revenue, when the revenues are earned and collectability is reasonably assured, and the related costs incurred to the model or talent as model or talent cost. In other model and talent relationships, where the Company believes the key indicators suggest the Company acts as an agent on behalf of the model or talent, the Company records revenue, when the revenues are earned and collectability is reasonably assured, net of pass-through model or talent cost. The Company recognizes royalty income when earned based on terms of the contractual agreement. The Company also records fees from licensees when the revenues are earned and collectability is reasonably assured. Advances to models for the cost of initial portfolios and other out-of-pocket costs, which are reimbursable only from collections from the Company’s clients as a result of future work, are expensed to model costs as incurred. Any repayments of such costs are credited to model costs in the period received. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates that affect the amounts reported in the consolidated financial statements and the accompanying notes. Accounting estimates and assumptions discussed herein are those that management considers to be the most critical to an understanding of the consolidated financial statements because they inherently involve significant judgments and uncertainties. All of these estimates reflect management’s judgment about current economic and market conditions and their effects based on information available as of the date of these consolidated financial statements. If such conditions persist longer or deteriorate further than expected, it is reasonably possible that the judgments and estimates could change, which may Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are accounted for at net realizable value, do not December 31, 2018, $1.8 $0.1 not Concentrations of Credit Risk The balance sheet items that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents and accounts receivable. The Company maintains its cash balances in several different financial institutions in New York, Los Angeles, Miami, and London. Balances in accounts other than “noninterest-bearing transaction accounts” are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $250 December 31, 2018, $5.3 £75 $0.1 December 31, 2018, $1.4 Property and Equipment Property and equipment are stated at cost. Depreciation and amortization, based upon the estimated useful lives (ranging from two seven The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not For the years ended December 31, 2018 2017, $0.9 $0.8 2017 2018. Goodwill and Intangible Assets Goodwill consists primarily of customer and talent relationships arising from past business acquisitions. Intangible assets with finite lives are amortized over useful lives ranging from two eight not The Company annually assesses whether the carrying value of its intangible assets exceeds their fair value and, if necessary, records an impairment loss equal to any such excess. Each interim reporting period, the Company assesses whether events or circumstances have occurred which indicate that the carrying amount of an intangible asset exceeds its fair value. If the carrying amount of the intangible asset exceeds its fair value, an asset impairment charge will be recognized in an amount equal to that excess. No December 31, 2018 2017. Advertising The Company expenses all advertising costs as incurred. Advertising expense for the year ended December 31, 2018 $33 $39 December 31, 2017. Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax base and operating loss and tax credit carryforwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company continually assesses the need for a tax valuation allowance based on all available information. As of December 31, 2018, not no Accounting for uncertainty in income taxes recognized in an enterprise’s financial statements requires a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Also, consideration should be given to de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Tax positions are subject to change in the future, as a number of years may 2015 2017 December 31, 2018. Stock-Based Compensation The Company utilizes stock-based awards as a form of compensation for certain officers. The Company records compensation expense for all awards granted. The Company uses the Black-Scholes valuation model and straight-line amortization of compensation expense over the requisite service period for each separately vesting portion of the grants. Fair Value Measurements The Company has adopted the provisions of ASC 820, 820” 820 820 820 820 three • Level 1 • Level 2 1 not • Level 3 no 3 Recent Accounting Pronouncements Accounting Standard Update (“ASU”) 2014 09, January 1, 2018, ASU 2016 02, 2016, 2018, January 1, 2019. not $2.5 $3.0 January 1, 2019, not

Note 3 - Line of Credit

Note 3 - Line of Credit	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	Note 3. The Company has a credit agreement with Amegy Bank which provides a $4.0 $3.0 October 24, 2016. 80% $20.0 0.50% December 31, 2018, $0.2 $1.2 October 24, 2019. On August 16, 2016, $2.7 4.5% November, 2016, 47 60 October 24, 2020. On July 16, 2018, $1.0 July 12, 2019, 5.15% July 12, 2019. 60 July 12, 2023. three Amounts outstanding under the additional term loan further reduce the availability under the Company’s revolving line of credit with Amegy Bank. On August 1, 2018, $0.7 100,000 December 12, 2018, $0.3 50,000 December 31, 2018, $2.6 two

Note 4 - Operating Leases

Note 4 - Operating Leases	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Leases of Lessee Disclosure [Text Block]	Note 4. The Company is obligated under non-cancelable lease agreements for the rental of office space and various other lease agreements for the leasing of office equipment. These operating leases expire at various dates through 2021. The following table summarizes future minimum payments under the current lease agreements: Years Ending December 31 Amount 2019 $ 1,482 2020 1,196 2021 399 Total $ 3,077 Rent expense totaled approximately $1.9 $1.7 December 31, 2018 2017

Note 5 - Commitments and Contin

Note 5 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 5. On October 24, 2013, January 6, 2014, August 11, 2014, March 3, 2014, “may not not not October 6, 2015, May 26, 2017. three five two May 24, 2018. August 16, 2017, On June 6, 2016, August 16, 2017. September 29, 2017, May 10, 2018. In addition to the legal proceedings disclosed herein, the Company is also engaged in various legal proceedings that are routine in nature and incidental to its business. None

Note 6 - Income Taxes

Note 6 - Income Taxes	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 6. The following table summarizes the income tax (expense) benefit for the years ended December 31, 2018 2017 2018 2017 Current: Federal $ – $ – State (26 ) (149 ) Foreign (198 ) (213 ) Current Total (224 ) (362 ) Deferred: Federal (153 ) 994 State 44 52 Foreign – – Deferred Total (109 ) 1,046 Total $ (333 ) $ 684 The income tax benefit (expense) differs from the amount computed by applying the statutory federal and state income tax rates to the net income before income tax. The following table shows the reasons for these differences (in thousands): 2018 2017 Computed income tax benefit (expense) at statutory rate $ (377 ) $ 180 Increase in taxes resulting from: Permanent and other deductions, net (34 ) (95 ) Foreign income taxes 55 (32 ) State income taxes, net of federal benefit 26 (62 ) Deferred tax effects (3 ) 693 Total income tax benefit (expense) $ (333 ) $ 684 The following table shows the tax effect of significant temporary differences, which comprise the deferred tax asset and liability (in thousands): 2018 2017 Deferred tax asset: Net operating loss carryforward $ 114 $ 395 Foreign tax credits 483 380 Accrued expenses 649 578 Allowance for doubtful accounts 144 173 Stock-based compensation 336 242 Other intangible assets 45 54 Total deferred income tax asset 1,771 1,822 Deferred tax liability: Property and equipment (545 ) (589 ) Intangible assets-brand name (1,079 ) (1,079 ) Goodwill (497 ) (447 ) Other intangible assets (281 ) (229 ) Total deferred income tax liability (2,402 ) (2,344 ) Net deferred tax liability $ (631 ) $ (522 ) The Company has $0.5 2037. $0.5 2023 2028. The U.S. Tax Cuts and Jobs Act (Tax Act) was enacted on December 22, 2017 2018, 35% 21% In January 2018, Deferred tax effects The Tax Act reduced the U.S. statutory tax rate from 35% 21% 2017. December 31, 2017 $0.7 December 31, 2017

Note 7 - Treasury Stock

Note 7 - Treasury Stock	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Treasury Stock [Text Block]	Note 7. During 2012, 500,000 2013, 1,000,000 2016, 500,000 may 1,500,000 may not may From 2012 December 31, 2018, 1,264,154 $4.82 $6.1 December 31, 2018, 173,784 $6.91 235,846

Note 8 - Related Parties

Note 8 - Related Parties	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 8. The Executive Chairman of the Company, Mark E. Schwarz, is also the chairman, chief executive officer and portfolio manager of Newcastle Capital Management, L.P. (“NCM”). NCM is the general partner of Newcastle Partners L.P. (“Newcastle”), which is the largest shareholder of the Company. James A. Dvorak (Managing Director at NCM) also serves as a director of the Company. The Company’s corporate headquarters are located at 200 1400, 75201, $2,500 $30 December 31, 2018 2017. not December 31, 2018.

Note 9 - Stock Options and Stoc

Note 9 - Stock Options and Stock Purchase Warrants	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	Note 9. During 2012, 2011 300,000 2015, 2015 500,000 2011 2015 five ten Under the Incentive Plans, no 2018 230,000 2017. No 2018 2017. The following table shows a summary of stock option transactions under the Incentive Plans during 2018 2017: Number Weighted Average Outstanding, January 1, 2017 230,000 $ 6.70 Granted 230,000 7.98 Exercised – – Forfeited or expired – – Outstanding, December 31, 2017 460,000 $ 7.34 Granted – – Exercised – – Forfeited or expired – – Outstanding, December 31, 2018 460,000 $ 7.34 Total unrecognized compensation expense on options outstanding as of December 31, 2018 $0.4 138,000 December 31, 2018. The Company estimates the fair value of each stock option granted on the date of grant using the Black-Scholes option pricing model. Expected volatilities are based on the historical volatility of Wilhelmina’s and similar companies’ common stock for a period equal to the expected term. The risk-free interest rates for periods within the contractual term of the options are based on rates for U.S. Treasury Notes with maturity dates corresponding to the options’ expected lives on the dates of grant. Expected term is determined based on the option term of ten

Note 10 - Benefit Plans

Note 10 - Benefit Plans	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 10. The Company has established a 401 twenty-one 401 401 may 1% 100% may No December 31, 2018 2017.

Note 11 - Intangible Assets

Note 11 - Intangible Assets	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 11. The following table summarizes the intangible assets for the years ended December 31, 2018 2017 Intangible assets subject Gross Accumulated Weighted-average 2018 Intangibles: Customer lists $ 3,204 $ (3,194 ) 5.0 Non-compete agreements 1,054 (1,054 ) 6.5 Talent and model contractual relationships 2,846 (2,803 ) 3.8 Employee contractual relationships 1,633 (1,633 ) 5.0 Total $ 8,737 $ (8,684 ) 5.1 2017 Intangibles: Customer lists $ 3,204 $ (3,191 ) 5.0 Non-compete agreements 1,054 (1,054 ) 6.5 Talent and model contractual relationships 2,846 (2,731 ) 3.8 Employee contractual relationships 1,633 (1,633 ) 5.0 Total $ 8,737 $ (8,609 ) 5.1 Amortization expense totaled $0.1 December 31, 2018 2017. $53 four

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation and Basis of Presentation The financial statements include the consolidated accounts of Wilhelmina and its wholly owned subsidiaries. Wilhelmina also previously owned a non-consolidated 50%
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition In compliance with GAAP, when reporting revenue gross as a principal versus net as an agent, the Company assesses whether the Company, the model or the talent is the primary obligor. The Company evaluates the terms of its model, talent and client agreements as part of this assessment. In addition, the Company gives appropriate consideration to other key indicators such as latitude in establishing price, discretion in model or talent selection and credit risk the Company undertakes. The Company operates broadly as a modeling agency and in those relationships with models and talents where the key indicators suggest the Company acts as a principal, the Company records the gross amount billed to the client as revenue, when the revenues are earned and collectability is reasonably assured, and the related costs incurred to the model or talent as model or talent cost. In other model and talent relationships, where the Company believes the key indicators suggest the Company acts as an agent on behalf of the model or talent, the Company records revenue, when the revenues are earned and collectability is reasonably assured, net of pass-through model or talent cost. The Company recognizes royalty income when earned based on terms of the contractual agreement. The Company also records fees from licensees when the revenues are earned and collectability is reasonably assured. Advances to models for the cost of initial portfolios and other out-of-pocket costs, which are reimbursable only from collections from the Company’s clients as a result of future work, are expensed to model costs as incurred. Any repayments of such costs are credited to model costs in the period received.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates that affect the amounts reported in the consolidated financial statements and the accompanying notes. Accounting estimates and assumptions discussed herein are those that management considers to be the most critical to an understanding of the consolidated financial statements because they inherently involve significant judgments and uncertainties. All of these estimates reflect management’s judgment about current economic and market conditions and their effects based on information available as of the date of these consolidated financial statements. If such conditions persist longer or deteriorate further than expected, it is reasonably possible that the judgments and estimates could change, which may
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three
Receivables, Policy [Policy Text Block]	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are accounted for at net realizable value, do not December 31, 2018, $1.8 $0.1 not
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentrations of Credit Risk The balance sheet items that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents and accounts receivable. The Company maintains its cash balances in several different financial institutions in New York, Los Angeles, Miami, and London. Balances in accounts other than “noninterest-bearing transaction accounts” are insured up to Federal Deposit Insurance Corporation (“FDIC”) limits of $250 December 31, 2018, $5.3 £75 $0.1 December 31, 2018, $1.4
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment are stated at cost. Depreciation and amortization, based upon the estimated useful lives (ranging from two seven The Company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not For the years ended December 31, 2018 2017, $0.9 $0.8 2017 2018.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and Intangible Assets Goodwill consists primarily of customer and talent relationships arising from past business acquisitions. Intangible assets with finite lives are amortized over useful lives ranging from two eight not The Company annually assesses whether the carrying value of its intangible assets exceeds their fair value and, if necessary, records an impairment loss equal to any such excess. Each interim reporting period, the Company assesses whether events or circumstances have occurred which indicate that the carrying amount of an intangible asset exceeds its fair value. If the carrying amount of the intangible asset exceeds its fair value, an asset impairment charge will be recognized in an amount equal to that excess. No December 31, 2018 2017.
Advertising Costs, Policy [Policy Text Block]	Advertising The Company expenses all advertising costs as incurred. Advertising expense for the year ended December 31, 2018 $33 $39 December 31, 2017.
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax base and operating loss and tax credit carryforwards. Deferred income tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company continually assesses the need for a tax valuation allowance based on all available information. As of December 31, 2018, not no Accounting for uncertainty in income taxes recognized in an enterprise’s financial statements requires a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Also, consideration should be given to de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. Tax positions are subject to change in the future, as a number of years may 2015 2017 December 31, 2018.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Stock-Based Compensation The Company utilizes stock-based awards as a form of compensation for certain officers. The Company records compensation expense for all awards granted. The Company uses the Black-Scholes valuation model and straight-line amortization of compensation expense over the requisite service period for each separately vesting portion of the grants.
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements The Company has adopted the provisions of ASC 820, 820” 820 820 820 820 three • Level 1 • Level 2 1 not • Level 3 no 3
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements Accounting Standard Update (“ASU”) 2014 09, January 1, 2018, ASU 2016 02, 2016, 2018, January 1, 2019. not $2.5 $3.0 January 1, 2019, not

Note 4 - Operating Leases (Tabl

Note 4 - Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Lessee, Operating Lease, Disclosure [Table Text Block]	Years Ending December 31 Amount 2019 $ 1,482 2020 1,196 2021 399 Total $ 3,077

Note 6 - Income Taxes (Tables)

Note 6 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2018 2017 Current: Federal $ – $ – State (26 ) (149 ) Foreign (198 ) (213 ) Current Total (224 ) (362 ) Deferred: Federal (153 ) 994 State 44 52 Foreign – – Deferred Total (109 ) 1,046 Total $ (333 ) $ 684
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2018 2017 Computed income tax benefit (expense) at statutory rate $ (377 ) $ 180 Increase in taxes resulting from: Permanent and other deductions, net (34 ) (95 ) Foreign income taxes 55 (32 ) State income taxes, net of federal benefit 26 (62 ) Deferred tax effects (3 ) 693 Total income tax benefit (expense) $ (333 ) $ 684
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2018 2017 Deferred tax asset: Net operating loss carryforward $ 114 $ 395 Foreign tax credits 483 380 Accrued expenses 649 578 Allowance for doubtful accounts 144 173 Stock-based compensation 336 242 Other intangible assets 45 54 Total deferred income tax asset 1,771 1,822 Deferred tax liability: Property and equipment (545 ) (589 ) Intangible assets-brand name (1,079 ) (1,079 ) Goodwill (497 ) (447 ) Other intangible assets (281 ) (229 ) Total deferred income tax liability (2,402 ) (2,344 ) Net deferred tax liability $ (631 ) $ (522 )

Note 9 - Stock Options and St_2

Note 9 - Stock Options and Stock Purchase Warrants (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Share-based Compensation, Stock Options, Activity [Table Text Block]	Number Weighted Average Outstanding, January 1, 2017 230,000 $ 6.70 Granted 230,000 7.98 Exercised – – Forfeited or expired – – Outstanding, December 31, 2017 460,000 $ 7.34 Granted – – Exercised – – Forfeited or expired – – Outstanding, December 31, 2018 460,000 $ 7.34

Note 11 - Intangible Assets (Ta

Note 11 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Intangible assets subject Gross Accumulated Weighted-average 2018 Intangibles: Customer lists $ 3,204 $ (3,194 ) 5.0 Non-compete agreements 1,054 (1,054 ) 6.5 Talent and model contractual relationships 2,846 (2,803 ) 3.8 Employee contractual relationships 1,633 (1,633 ) 5.0 Total $ 8,737 $ (8,684 ) 5.1 2017 Intangibles: Customer lists $ 3,204 $ (3,191 ) 5.0 Non-compete agreements 1,054 (1,054 ) 6.5 Talent and model contractual relationships 2,846 (2,731 ) 3.8 Employee contractual relationships 1,633 (1,633 ) 5.0 Total $ 8,737 $ (8,609 ) 5.1

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual) £ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)	Dec. 31, 2018GBP (£)
Allowance for Doubtful Accounts Receivable, Period Increase (Decrease), Total	$ 1,800
Provision for Doubtful Accounts	58	$ 172
Cash, FDIC Insured Amount	250
Cash, Uninsured Amount	5,300
Cash, FSCS Insured Amount	100			£ 75
Cash, Uninsured Amount, FSCS	1,400
Depreciation, Total	$ 900	$ 800
Finite-Lived Intangible Asset, Useful Life	5 years 36 days	5 years 36 days
Asset Impairment Charges, Total	$ 0	$ 0
Advertising Expense	33	$ 39
Deferred Tax Assets, Valuation Allowance, Total	$ 0
Open Tax Year	2015 2016 2017
Minimum [Member]
Property, Plant and Equipment, Useful Life	2 years
Finite-Lived Intangible Asset, Useful Life	2 years
Minimum [Member] | Subsequent Event [Member] | Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			$ 2,500
Operating Lease, Liability, Total			2,500
Maximum [Member]
Property, Plant and Equipment, Useful Life	7 years
Finite-Lived Intangible Asset, Useful Life	8 years
Maximum [Member] | Subsequent Event [Member] | Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset			3,000
Operating Lease, Liability, Total			$ 3,000
Wilhelmina Kids and Creative Management, LLC [Member]
Equity Method Investment, Ownership Percentage	50.00%			50.00%

Note 3 - Line of Credit (Detail

Note 3 - Line of Credit (Details Textual) $ in Thousands	Dec. 12, 2018USD ($)shares	Aug. 01, 2018USD ($)shares	Aug. 16, 2016USD ($)	Dec. 31, 2018USD ($)shares	Dec. 31, 2017USD ($)	Jul. 16, 2018USD ($)
Proceeds from Issuance of Long-term Debt, Total				$ 1,000
Treasury Stock, Shares, Acquired | shares	50,000	100,000		173,784
Amegy [Member] | Credit Agreement After Fifth Amendment [Member]
Debt Agreement, Borrowing Base Percentage of Collateral Modified From				80.00%
Debt Agreement, Covenant Compliance, Minimum Net Worth				$ 20,000
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member]
Debt Agreement, Maximum Borrowing Capacity				4,000
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity				$ 3,000
Proceeds from Issuance of Long-term Debt, Total			$ 2,700
Debt Instrument, Interest Rate, Stated Percentage			4.50%
Long-term Debt, Number of Monthly Payments, Principal and Interest			47
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Term Loan [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				0.50%
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Standby Letters of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 200
Line of Credit Facility, Additional Borrowing Capacity				1,200
Amegy [Member] | Tenth Amendment to Credit Agreement [Member] | Term Loan [Member]
Debt Agreement, Maximum Borrowing Capacity						$ 1,000
Proceeds from Issuance of Long-term Debt, Total	$ 300	$ 700
Debt Instrument, Interest Rate, Stated Percentage						5.15%
Long-term Debt, Total				$ 2,600

Note 4 - Operating Leases (Deta

Note 4 - Operating Leases (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Operating Leases, Rent Expense, Total	$ 1.9	$ 1.7

Note 4 - Operating Leases - Sum

Note 4 - Operating Leases - Summary of Future Minimum Payments Under the Lease Agreements (Details) $ in Thousands	Dec. 31, 2018USD ($)
2019	$ 1,482
2020	1,196
2021	399
Total	$ 3,077

Note 6 - Income Taxes (Details

Note 6 - Income Taxes (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	35.00%
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability		$ 0.7
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards, Total	$ 0.5
Foreign Tax Authority [Member]
Tax Credit Carryforward, Amount	$ 0.5

Note 6 - Income Taxes - Income

Note 6 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal
State	(26)	(149)
Foreign	(198)	(213)
Current Total	(224)	(362)
Deferred:
Federal	(153)	994
State	44	52
Foreign
Deferred Total	(109)	1,046
Total	$ (333)	$ 684

Note 6 - Income Taxes - Effecti

Note 6 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Computed income tax benefit (expense) at statutory rate	$ (377)	$ 180
Permanent and other deductions, net	(34)	(95)
Foreign income taxes	55	(32)
State income taxes, net of federal benefit	26	(62)
Deferred tax effects	(3)	693
Total income tax benefit (expense)	$ (333)	$ 684

Note 6 - Income Taxes - Summary

Note 6 - Income Taxes - Summary of Deferred Tax Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax asset:
Net operating loss carryforward	$ 114	$ 395
Foreign tax credits	483	380
Accrued expenses	649	578
Allowance for doubtful accounts	144	173
Stock-based compensation	336	242
Other intangible assets	45	54
Total deferred income tax asset	1,771	1,822
Deferred tax liability:
Property and equipment	(545)	(589)
Intangible assets-brand name	(1,079)	(1,079)
Goodwill	(497)	(447)
Other intangible assets	(281)	(229)
Total deferred income tax liability	(2,402)	(2,344)
Net deferred tax liability	$ (631)	$ (522)

Note 7 - Treasury Stock (Detail

Note 7 - Treasury Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Dec. 12, 2018	Aug. 01, 2018	Aug. 12, 2016	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2013	Dec. 31, 2012
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			1,500,000				1,000,000	500,000
Stock Repurchase Program, Additional Shares Authorized			500,000
Treasury Stock, Shares, Ending Balance				1,264,154	1,264,154	1,090,370
Treasury Stock Acquired, Average Cost Per Share				$ 6.91	$ 4.82
Treasury Stock, Value, Ending Balance				$ 6,093	$ 6,093	$ 4,893
Treasury Stock, Shares, Acquired	50,000	100,000		173,784
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased				235,846	235,846

Note 8 - Related Parties (Detai

Note 8 - Related Parties (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Rent [Member]
Related Party Transaction, Monthly Rent	$ 2,500
Services Agreements [Member]
Related Party Transaction, Expenses from Transactions with Related Party	30,000	$ 30,000
NCM [Member]
Due to Related Parties, Current, Total	$ 0

Note 9 - Stock Options and St_3

Note 9 - Stock Options and Stock Purchase Warrants (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2015	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	0	230,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	0
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 0.4
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	138,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term		10 years
Incentive 2011 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				300,000
Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			500,000

Note 9 - Stock Options and St_4

Note 9 - Stock Options and Stock Purchase Warrants - Summary of Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Outstanding (in shares)	460,000	230,000
Outstanding (in dollars per share)	$ 7.34	$ 6.70
Granted (in shares)	0	230,000
Granted (in dollars per share)		$ 7.98
Exercised (in shares)	0	0
Forfeited or expired (in shares)
Outstanding (in shares)	460,000	460,000
Outstanding (in dollars per share)	$ 7.34	$ 7.34

Note 10 - Benefit Plans (Detail

Note 10 - Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Defined Contribution Plan, Employer Discretionary Contribution Amount	$ 0	$ 0
Minimum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	1.00%
Maximum [Member]
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	100.00%

Note 11 - Intangible Assets (De

Note 11 - Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Amortization of Intangible Assets, Total	$ 100	$ 100
Finite-Lived Intangible Assets, Net, Ending Balance	$ 53	$ 128

Note 11 - Intangible Assets - S

Note 11 - Intangible Assets - Summary of Finite Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets, Gross	$ 8,737	$ 8,737
Finite-Lived Intangible Assets, Accumulated Amortization	$ (8,684)	$ (8,609)
Finite-Lived Intangible Asset, Useful Life	5 years 36 days	5 years 36 days
Customer Lists [Member]
Finite-Lived Intangible Assets, Gross	$ 3,204	$ 3,204
Finite-Lived Intangible Assets, Accumulated Amortization	$ (3,194)	$ (3,191)
Finite-Lived Intangible Asset, Useful Life	5 years	5 years
Noncompete Agreements [Member]
Finite-Lived Intangible Assets, Gross	$ 1,054	$ 1,054
Finite-Lived Intangible Assets, Accumulated Amortization	$ (1,054)	$ (1,054)
Finite-Lived Intangible Asset, Useful Life	6 years 182 days	6 years 182 days
Talent And Model Contractual Relationships [Member]
Finite-Lived Intangible Assets, Gross	$ 2,846	$ 2,846
Finite-Lived Intangible Assets, Accumulated Amortization	$ (2,803)	$ (2,731)
Finite-Lived Intangible Asset, Useful Life	3 years 292 days	3 years 292 days
Employment Contracts [Member]
Finite-Lived Intangible Assets, Gross	$ 1,633	$ 1,633
Finite-Lived Intangible Assets, Accumulated Amortization	$ (1,633)	$ (1,633)
Finite-Lived Intangible Asset, Useful Life	5 years	5 years