Wilhelmina International (WHLM) 10-K 30 Mar 20 2019 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Mar. 30, 2020	Jun. 30, 2019
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 Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		5,157,344
Entity Public Float			$ 11.2
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Amendment Flag	false
Title of 12(b) Security	Common Stock, $0.01 par value

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 6,993	$ 6,748
Accounts receivable, net of allowance for doubtful accounts of $1,423 and $1,791, respectively	9,441	11,901
Prepaid expenses and other current assets	243	197
Total current assets	16,677	18,846
Property and equipment, net of accumulated depreciation of $4,300 and $3,264, respectively	1,925	2,567
Right of use assets-operating	1,261
Right of use assets-finance	316
Trademarks and trade names with indefinite lives	8,467	8,467
Other intangibles with finite lives, net of accumulated amortization of$8,737 and $8,684 respectively		53
Goodwill	8,347	13,192
Other assets	115	114
TOTAL ASSETS	37,108	43,239
Current liabilities:
Accounts payable and accrued liabilities	3,815	5,071
Due to models	7,495	8,809
Lease liabilities – operating, current	1,055
Lease liabilities – finance, current	94
Term loan - current	1,257	623
Total current liabilities	13,716	14,503
Long term liabilities:
Deferred income taxes, net	725	631
Lease liabilities – operating, non-current	328
Lease liabilities – finance, non-current	225
Term loan - non-current	743	2,000
Total long-term liabilities	2,021	2,631
Total liabilities	15,737	17,134
Shareholders’ equity:
Common stock, $0.01 par value, 9,000,000 shares authorized; 6,472,038 shares issued at December 31, 2019 and December 31, 2018	65	65
Treasury stock, 1,309,861 and 1,264,154 at December 31, 2019 and December 31, 2018, at cost	(6,352)	(6,093)
Additional paid-in capital	88,471	88,255
Accumulated deficit	(60,815)	(56,029)
Accumulated other comprehensive income (loss)	2	(93)
Total shareholders’ equity	21,371	26,105
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 37,108	$ 43,239

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Accounts receivable, allowance for doubtful accounts	$ 1,423	$ 1,791
Property and equipment, accumulated depreciation	4,300	3,264
Other intangibles, accumulated amortization	$ 8,737	$ 8,684
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)	1,309,861	1,264,154

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenues:
Revenues	$ 75,504	$ 77,851
Model costs	54,249	55,600
Revenues net of model costs	21,254	22,251
Operating expenses:
Salaries and service costs	13,944	14,015
Office and general expenses	4,408	4,748
Amortization and depreciation	1,192	990
Goodwill impairment	4,845
Corporate overhead	1,038	1,125
Total operating expenses	25,427	20,878
Operating (loss) income	(4,172)	1,373
Other expense:
Foreign exchange loss	97	83
Interest expense	117	101
Total other expense	214	184
(Loss) income before provision for income taxes	(4,386)	1,189
Provision for income taxes:
Current	(306)	(224)
Deferred	(94)	(109)
Income tax expense	(400)	(333)
Net (loss) income	(4,786)	856
Other comprehensive income (loss):
Foreign currency translation benefit (expense)	95	(97)
Total comprehensive (loss) income	$ (4,691)	$ 759
Basic net (loss) income per common share (in dollars per share)	$ (0.92)	$ 0.16
Diluted net (loss) income per common share (in dollars per share)	$ (0.92)	$ 0.16
Weighted average common shares outstanding-basic (in shares)	5,184	5,328
Weighted average common shares outstanding-diluted (in shares)	5,184	5,328
Service [Member]
Revenues:
Revenues	$ 75,452	$ 77,791
License Fees and Other [Member]
Revenues:
Revenues	$ 52	$ 60

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, 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)				856		856
Purchases of treasury stock (in shares)		(174,000)
Purchases of treasury stock		$ (1,200)				(1,200)
Foreign currency translation					(97)	(97)
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
Share based payment expense			216			216
Net income (loss)				(4,786)		$ (4,786)
Purchases of treasury stock (in shares)		(46,000)				(45,707)
Purchases of treasury stock		$ (259)				$ (259)
Foreign currency translation					95	95
Balances (in shares) at Dec. 31, 2019	6,472,000	(1,310,000)
Balances at Dec. 31, 2019	$ 65	$ (6,352)	$ 88,471	$ (60,815)	$ 2	$ 21,371

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net (loss) income:	$ (4,786)	$ 856
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Amortization and depreciation	1,192	990
Goodwill impairment	4,845
Share based payment expense	216	363
Deferred income taxes	94	110
Bad debt expense	11	58
Changes in operating assets and liabilities:
Accounts receivable	2,449	1,668
Prepaid expenses and other current assets	(46)	(17)
Right of use assets-operating	1,143
Other assets	(1)	23
Due to models	(1,314)	(1,381)
Lease liabilities-operating	(1,219)
Accounts payable and accrued liabilities	(1,047)	1,086
Net cash provided by operating activities	1,537	3,756
Cash flows from investing activities:
Purchases of property and equipment	(394)	(443)
Net cash used in investing activities	(394)	(443)
Cash flows from financing activities:
Purchases of treasury stock	(259)	(1,200)
Payments on finance leases	(111)
Proceeds from term loan		1,000
Payments on term loan	(623)	(524)
Net cash used in financing activities	(993)	(724)
Foreign currency effect on cash flows:	95	(97)
Net change in cash and cash equivalents:	245	2,492
Cash and cash equivalents, beginning of period	6,748	4,256
Cash and cash equivalents, end of period	6,993	6,748
Supplemental disclosures of cash flow information:
Cash paid for interest	114	99
Cash paid for income taxes	$ 5	$ 44

Note 1 - Business Activity

Note 1 - Business Activity	12 Months Ended
	Dec. 31, 2019
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, 2019
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. All significant inter-company accounts and transactions have been eliminated in consolidation. Revenue Recognition The Company has adopted the requirements of Accounting Standards Update (“ASU”) No. 2014 09, 606 606” 606 five The new revenue standard became effective for the Company on January 1, 2018 January 1, 2018 not not no The Company adopted the standard to contracts that were not January 1, 2018). Under the new revenue standard, the Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. The Company recognizes revenues following the five No. 2014 09: Service Revenues Our service revenues are derived primarily from fashion model and artist bookings, and representation of social media influencers and actors for commercials, film, and television. Revenues from services are recognized and related model costs are accrued when the customer obtains control of the Company’s product, which occurs at a point in time, typically when the talent has completed the contractual requirement. The Company expenses incremental costs of obtaining a contract as and when incurred because the expected amortization period of the asset that it would have recognized is one A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The performance obligations for most of the Company’s core modeling bookings are satisfied on the day of the event, and the “day rate” total fee is agreed in advance, when the customer books the model for a particular date. For contracts with multiple performance obligations (which are typically all satisfied within 1 3 When reporting service 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 probable, 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 probable, net of pass-through model or talent cost. License Fees License fees, in connection with the licensing of the “Wilhelmina” name, are collected on a monthly or quarterly basis under the terms of Wilhelmina’s agreements with licensees. The Company recognizes revenue relating to license fees where payment is deemed to be probable, over the license period. Contract Assets Contract assets, which primarily relate to the Company’s right to consideration for work completed but not $2.1 $1.5 December 31, 2019 2018, Advances to Models 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. Due to the inherent uncertainty of future work for any individual model, any recoupment 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. Estimates are used for, but not 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, 2019, $1.4 $11 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, 2019, $4.3 £75 $0.1 December 31, 2019, $2.3 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 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. The process of estimating the fair value of goodwill is subjective and requires the Company to make estimates that may not Under the quantitative test, a goodwill impairment is identified by comparing the fair value to the carrying amount, including goodwill. If the carrying amount exceeds the fair value, goodwill is considered impaired and an impairment charge is recognized in an amount equal to the excess, not Due to Models Due to models represents the liability for amounts owed to talent for jobs that have taken place, but where the model or talent fee has not Advertising The Company expenses all advertising costs as incurred. Advertising expense for the year ended December 31, 2019 $35 $33 December 31, 2018. 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, 2019, $0.3 January 26, 2020. December 2019, $0.3 $4.8 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 2016 2018 December 31, 2019. 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 ASU 2016 02, 2016, 2018, January 1, 2019. not not 12 $2.6 $2.8 January 1, 2019, not ASU No. 2016 13, 326 June 2016, 2016 13 December 15, 2019, ASU No. 2017 03 350 January 2017, 2017 03, December 15, 2019, one 2 two ASU No. 2018 19, 326, November 2018, 2018 19, not December 15, 2019,

Note 3 - Debt

Note 3 - Debt	12 Months Ended
	Dec. 31, 2019
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% $22.0 0.50% December 31, 2019, $0.2 $1.4 October 24, 2022. 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, 2019, $2.0 two As of December 31, 2019, 2020 $ 1,257 2021 194 2022 204 2023 345 Total 2,000

Note 4 - Property and Equipment

Note 4 - Property and Equipment	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Property, Plant and Equipment Disclosure [Text Block]	Note 4. Property and equipment at December 31, 2019 2018 December 31, 2019 December 31, 2018 Furniture and fixtures $ 1,488 $ 1,480 Software and software development costs 2,944 2,944 Computer and equipment 829 445 Leasehold improvements 964 962 Total 6,225 5,831 Less: Accumulated depreciation (4,300 ) (3,264 ) Property and equipment, net $ 1,925 $ 2,567 For the years ended December 31, 2019 2018, $1.0 $0.9 2018 2019.

Note 5 - Leases

Note 5 - Leases	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Lessee, Finance and Operating Leases [Text Block]	Note 5. 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 2024. During 2019, $0.1 December 31, 2019, 1.3 4.1 December 31, 2019, 4.7% 5.1% The following table presents additional information regarding Wilhelmina’s financing and operating leases for the year ended December 31, 2019 ( Year ended December 31, 2019 Finance lease expense Amortization of ROU assets $ 102 Interest on lease liabilities 8 Operating lease expense 1,159 Short term lease expense 273 Cash paid for amounts included in the measurement of lease liabilities for finance leases Financing cash flows 113 Cash paid for amounts included in the measurement of lease liabilities for operating leases Operating cash flows 1,236 ROU assets obtained in exchange for lease liabilities Finance leases 452 Operating leases 2,404 As of December 31, 2019, Operating Finance 2020 $ 1,135 $ 109 2021 369 86 2022 - 55 2023 - 55 2024 - 50 Total 1,504 355 Less: Present value discount (121 ) (36 ) Lease liability $ 1,383 $ 319 The following table summarizes future minimum payments under the current lease agreements: Years Ending Amount 2020 $ 1,365 2021 410 2022 50 2023 50 2024 50 Total $ 1,925 Rent expense totaled approximately $1.5 $1.9 December 31, 2019 2018

Note 6 - Commitments and Contin

Note 6 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note 6. On October 24, 2013, January 6, 2014, August 11, 2014, March 3, 2014, “may Plaintiffs retained substitute counsel, who filed a Second and then Third Amended Complaint. Plaintiffs’ Third Amended Complaint asserts causes of action for alleged breaches of the plaintiffs' management contracts with the defendants, conversion, breach of the duty of good faith and fair dealing, and unjust enrichment. The Third Amended Complaint also alleges that the plaintiff models were at all relevant times employees, and 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. July 12, 2019, On May 1, 2019, July 12, 2019, October 23, 2019. December 4, 2019, The Company believes the claims asserted in the Shanklin and Pressley Litigations are without merit and intends to continue to vigorously defend the actions. 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 7 - Income Taxes

Note 7 - Income Taxes	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note 7. The following table summarizes the income tax (expense) benefit for the years ended December 31, 2019 2018 2019 2018 Current: Federal $ - $ - State (30 ) (26 ) Foreign (276 ) (198 ) Current Total (306 ) (224 ) Deferred: Federal (36 ) (153 ) State (58 ) 44 Foreign - - Deferred Total (94 ) (109 ) Total $ (400 ) $ (333 ) The income tax 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): 2019 2018 Computed income tax benefit (expense) at statutory rate $ 944 $ (228 ) Increase in taxes resulting from: Permanent and other deductions, net (782 ) (34 ) Global intangible low-taxed income (200 ) (149 ) Foreign income taxes - 55 State income taxes, net of federal benefit (9 ) 26 Deferred tax effects (13 ) (3 ) Valuation allowance – forfeiture of stock options (340 ) - Total income tax expense $ (400 ) $ (333 ) A tax provision of $0.4 2019. $0.3 January 26, 2020 not $3.5 $4.8 2019. $0.3 A tax provision of $0.3 2018. not The following table shows the tax effect of significant temporary differences, which comprise the deferred tax asset and liability (in thousands): 2019 2018 Deferred tax asset: Net operating loss carryforward $ 103 $ 114 Foreign tax credits 483 483 Accrued expenses 580 649 Allowance for doubtful accounts 85 144 Stock-based compensation 384 336 Other intangible assets 36 45 Interest expense limitation 11 - Less: Valuation allowance - forfeiture of stock options (340 ) - Total deferred income tax asset 1,342 1,771 Deferred tax liability: Property and equipment (393 ) (545 ) Intangible assets-brand name (1,079 ) (1,079 ) Goodwill (257 ) (497 ) Other intangible assets (338 ) (281 ) Total deferred income tax liability (2,067 ) (2,402 ) Net deferred tax liability $ (725 ) $ (631 ) The presentation of net deferred tax assets and liabilities for each jurisdiction are presented as noncurrent within the Company’s Consolidated Balance Sheets. Deferred income tax balances reflect the effects of temporary differences between the carrying amounts of assets and liabilities and their tax bases and are stated at enacted tax rates expected to be in effect when the taxes are actually paid or recovered. The Company recognizes a valuation allowance for deferred tax assets when it is more likely than not not At December 31, 2019 December 31, 2018, $0.5 2037. $0.5 2023 2029. The Company does not December 31, 2019 December 31, 2018, twelve The U.S. Tax Cuts and Jobs Act (the “Tax Act”) was enacted on December 22, 2017 2018, 35% 21% In January 2018,

Note 8 - Treasury Stock

Note 8 - Treasury Stock	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Treasury Stock [Text Block]	Note 8. During 2012, 500,000 2013, 1,000,000 2016, 500,000 may 1,500,000 may not may From 2012 December 31, 2019, 1,309,861 $4.85 $6.4 December 31, 2019, 45,707 $5.66 190,139

Note 9 - Related Parties

Note 9 - Related Parties	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note 9. 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, 2019 2018. not December 31, 2019.

Note 10 - Stock Options and Sto

Note 10 - Stock Options and Stock Purchase Warrants	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	Note 10. During 2015, 2015 500,000 2015 five ten Under the 2015 no 2019 2018. No 2019 2018. The following table shows a summary of stock option transactions under the Incentive Plans during 2019 2018: Number Weighted Outstanding, January 1, 2018 460,000 $ 7.34 Granted - - Exercised - - Forfeited or expired - - Outstanding, December 31, 2018 460,000 $ 7.34 Granted - - Exercised - - Forfeited or expired - - Outstanding, December 31, 2019 460,000 $ 7.34 Weighted average remaining contractual life was 6.61 December 31, 2019 7.61 December 31, 2018. December 31, 2019 2018. no December 31, 2019 2018. December 31, 2019 $0.2 230,000 December 31, 2019. 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 11 - Benefit Plans

Note 11 - Benefit Plans	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Pension and Other Postretirement Benefits Disclosure [Text Block]	Note 11. The Company has established a 401 twenty-one 401 401 may 1% 100% may No December 31, 2019 2018.

Note 12 - Intangible Assets

Note 12 - Intangible Assets	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	Note 12. The following table summarizes the goodwill as of December 31, 2019 2018 Goodwill: Goodwill Impairment 2019 Goodwill U.S. goodwill $ 12,563 $ (4,845 ) London goodwill 629 - Total $ 13,192 $ (4,845 ) 2018 Goodwill U.S. goodwill $ 12,563 $ - London goodwill 629 - Total $ 13,192 $ - In December 2019, December 2019, $4.8 No December 31, 2018 The following table summarizes the intangible assets with finite lives as of December 31, 2019 2018 Intangible assets subject to Gross Accumulated Weighted-average 2019 Intangibles: Customer lists $ 3,204 $ (3,204 ) 5.0 Non-compete agreements 1,054 (1,054 ) 6.5 Talent and model contractual relationships 2,846 (2,846 ) 3.8 Employee contractual relationships 1,633 (1,633 ) 5.0 Total $ 8,737 $ (8,737 ) 5.1 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 Amortization expense totaled $0.1 December 31, 2019 2018.

Note 13 - Subsequent Events

Note 13 - Subsequent Events	12 Months Ended
	Dec. 31, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	Note 13. On March 11, 2020, 19 may not On March, 26, 2020, $4.0 December 31, 2019.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
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. All significant inter-company accounts and transactions have been eliminated in consolidation.
Revenue [Policy Text Block]	Revenue Recognition The Company has adopted the requirements of Accounting Standards Update (“ASU”) No. 2014 09, 606 606” 606 five The new revenue standard became effective for the Company on January 1, 2018 January 1, 2018 not not no The Company adopted the standard to contracts that were not January 1, 2018). Under the new revenue standard, the Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. The Company recognizes revenues following the five No. 2014 09: Service Revenues Our service revenues are derived primarily from fashion model and artist bookings, and representation of social media influencers and actors for commercials, film, and television. Revenues from services are recognized and related model costs are accrued when the customer obtains control of the Company’s product, which occurs at a point in time, typically when the talent has completed the contractual requirement. The Company expenses incremental costs of obtaining a contract as and when incurred because the expected amortization period of the asset that it would have recognized is one A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The performance obligations for most of the Company’s core modeling bookings are satisfied on the day of the event, and the “day rate” total fee is agreed in advance, when the customer books the model for a particular date. For contracts with multiple performance obligations (which are typically all satisfied within 1 3 When reporting service 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 probable, 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 probable, net of pass-through model or talent cost. License Fees License fees, in connection with the licensing of the “Wilhelmina” name, are collected on a monthly or quarterly basis under the terms of Wilhelmina’s agreements with licensees. The Company recognizes revenue relating to license fees where payment is deemed to be probable, over the license period. Contract Assets Contract assets, which primarily relate to the Company’s right to consideration for work completed but not $2.1 $1.5 December 31, 2019 2018, Advances to Models 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. Due to the inherent uncertainty of future work for any individual model, any recoupment 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. Estimates are used for, but not may
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents The Company considers all highly liquid investments purchased with original maturities of three
Receivable [Policy Text Block]	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are accounted for at net realizable value, do not December 31, 2019, $1.4 $11 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, 2019, $4.3 £75 $0.1 December 31, 2019, $2.3
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
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. The process of estimating the fair value of goodwill is subjective and requires the Company to make estimates that may not Under the quantitative test, a goodwill impairment is identified by comparing the fair value to the carrying amount, including goodwill. If the carrying amount exceeds the fair value, goodwill is considered impaired and an impairment charge is recognized in an amount equal to the excess, not
Due to Models [Policy Text Block]	Due to Models Due to models represents the liability for amounts owed to talent for jobs that have taken place, but where the model or talent fee has not
Advertising Cost [Policy Text Block]	Advertising The Company expenses all advertising costs as incurred. Advertising expense for the year ended December 31, 2019 $35 $33 December 31, 2018.
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, 2019, $0.3 January 26, 2020. December 2019, $0.3 $4.8 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 2016 2018 December 31, 2019.
Share-based Payment Arrangement [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 ASU 2016 02, 2016, 2018, January 1, 2019. not not 12 $2.6 $2.8 January 1, 2019, not ASU No. 2016 13, 326 June 2016, 2016 13 December 15, 2019, ASU No. 2017 03 350 January 2017, 2017 03, December 15, 2019, one 2 two ASU No. 2018 19, 326, November 2018, 2018 19, not December 15, 2019,

Note 3 - Debt (Tables)

Note 3 - Debt (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Maturities of Long-term Debt [Table Text Block]	2020 $ 1,257 2021 194 2022 204 2023 345 Total 2,000

Note 4 - Property and Equipme_2

Note 4 - Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Property, Plant and Equipment [Table Text Block]	December 31, 2019 December 31, 2018 Furniture and fixtures $ 1,488 $ 1,480 Software and software development costs 2,944 2,944 Computer and equipment 829 445 Leasehold improvements 964 962 Total 6,225 5,831 Less: Accumulated depreciation (4,300 ) (3,264 ) Property and equipment, net $ 1,925 $ 2,567

Note 5 - Leases (Tables)

Note 5 - Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Lease, Cost [Table Text Block]	Year ended December 31, 2019 Finance lease expense Amortization of ROU assets $ 102 Interest on lease liabilities 8 Operating lease expense 1,159 Short term lease expense 273 Cash paid for amounts included in the measurement of lease liabilities for finance leases Financing cash flows 113 Cash paid for amounts included in the measurement of lease liabilities for operating leases Operating cash flows 1,236 ROU assets obtained in exchange for lease liabilities Finance leases 452 Operating leases 2,404
Lessee, Finance and Operating Lease, Liability, Maturity [Table Text Block]	Operating Finance 2020 $ 1,135 $ 109 2021 369 86 2022 - 55 2023 - 55 2024 - 50 Total 1,504 355 Less: Present value discount (121 ) (36 ) Lease liability $ 1,383 $ 319
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years Ending Amount 2020 $ 1,365 2021 410 2022 50 2023 50 2024 50 Total $ 1,925

Note 7 - Income Taxes (Tables)

Note 7 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2019 2018 Current: Federal $ - $ - State (30 ) (26 ) Foreign (276 ) (198 ) Current Total (306 ) (224 ) Deferred: Federal (36 ) (153 ) State (58 ) 44 Foreign - - Deferred Total (94 ) (109 ) Total $ (400 ) $ (333 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2019 2018 Computed income tax benefit (expense) at statutory rate $ 944 $ (228 ) Increase in taxes resulting from: Permanent and other deductions, net (782 ) (34 ) Global intangible low-taxed income (200 ) (149 ) Foreign income taxes - 55 State income taxes, net of federal benefit (9 ) 26 Deferred tax effects (13 ) (3 ) Valuation allowance – forfeiture of stock options (340 ) - Total income tax expense $ (400 ) $ (333 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	2019 2018 Deferred tax asset: Net operating loss carryforward $ 103 $ 114 Foreign tax credits 483 483 Accrued expenses 580 649 Allowance for doubtful accounts 85 144 Stock-based compensation 384 336 Other intangible assets 36 45 Interest expense limitation 11 - Less: Valuation allowance - forfeiture of stock options (340 ) - Total deferred income tax asset 1,342 1,771 Deferred tax liability: Property and equipment (393 ) (545 ) Intangible assets-brand name (1,079 ) (1,079 ) Goodwill (257 ) (497 ) Other intangible assets (338 ) (281 ) Total deferred income tax liability (2,067 ) (2,402 ) Net deferred tax liability $ (725 ) $ (631 )

Note 10 - Stock Options and S_2

Note 10 - Stock Options and Stock Purchase Warrants (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Number Weighted Outstanding, January 1, 2018 460,000 $ 7.34 Granted - - Exercised - - Forfeited or expired - - Outstanding, December 31, 2018 460,000 $ 7.34 Granted - - Exercised - - Forfeited or expired - - Outstanding, December 31, 2019 460,000 $ 7.34

Note 12 - Intangible Assets (Ta

Note 12 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Notes Tables
Schedule of Goodwill [Table Text Block]	Goodwill: Goodwill Impairment 2019 Goodwill U.S. goodwill $ 12,563 $ (4,845 ) London goodwill 629 - Total $ 13,192 $ (4,845 ) 2018 Goodwill U.S. goodwill $ 12,563 $ - London goodwill 629 - Total $ 13,192 $ -
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Intangible assets subject to Gross Accumulated Weighted-average 2019 Intangibles: Customer lists $ 3,204 $ (3,204 ) 5.0 Non-compete agreements 1,054 (1,054 ) 6.5 Talent and model contractual relationships 2,846 (2,846 ) 3.8 Employee contractual relationships 1,633 (1,633 ) 5.0 Total $ 8,737 $ (8,737 ) 5.1 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

Note 2 - Summary of Significa_2

Note 2 - Summary of Significant Accounting Policies (Details Textual) £ in Thousands, $ in Thousands	12 Months Ended		24 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019GBP (£)	Jan. 01, 2019USD ($)
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease), Total	$ 1,400
Accounts Receivable, Credit Loss Expense (Reversal)	11	$ 58
Cash, FDIC Insured Amount	250		$ 250
Cash, Uninsured Amount	4,300		4,300
Cash, FSCS Insured Amount	100		100	£ 75
Cash, Uninsured Amount, FSCS	$ 2,300		2,300
Finite-Lived Intangible Asset, Useful Life	5 years 36 days	5 years 36 days
Advertising Expense	$ 35	$ 33
Deferred Tax Assets, Valuation Allowance, Total	340		340
Deferred Income Tax Benefit, Goodwill Impairment	300
Goodwill, Impairment Loss	4,845
Operating Lease, Right-of-Use Asset	1,261		1,261
Operating Lease, Liability, Total	$ 1,383		$ 1,383
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset					$ 2,600
Operating Lease, Liability, Total					$ 2,800
Minimum [Member]
Property, Plant and Equipment, Useful Life			2 years
Finite-Lived Intangible Asset, Useful Life	2 years
Maximum [Member]
Property, Plant and Equipment, Useful Life			7 years
Finite-Lived Intangible Asset, Useful Life	8 years
Accounts Receivable [Member]
Contract with Customer, Asset, Net, Current, Total	$ 2,100	$ 1,500	$ 2,100

Note 3 - Debt (Details Textual)

Note 3 - Debt (Details Textual) $ in Thousands	Dec. 12, 2018USD ($)shares	Aug. 01, 2018USD ($)shares	Oct. 24, 2016USD ($)	Aug. 16, 2016USD ($)	Dec. 31, 2019USD ($)shares	Dec. 31, 2018USD ($)	Dec. 31, 2019USD ($)shares	Jul. 16, 2018USD ($)
Proceeds from Issuance of Long-term Debt, Total						$ 1,000
Treasury Stock, Shares, Acquired | shares	50,000	100,000			45,707		1,309,861
Long-term Debt, Total					$ 2,000		$ 2,000
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member]
Debt Agreement, Maximum Borrowing Capacity			$ 4,000
Debt Agreement, Borrowing Base Percentage of Collateral Modified From			80.00%
Debt Agreement, Covenant Compliance, Minimum Net Worth			$ 22,000
Amegy [Member] | Credit Agreement After Fifth Amendment [Member] | Revolving Credit Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			0.50%
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] | Standby Letters of Credit [Member]
Long-term Line of Credit, Total					200		200
Line of Credit Facility, Remaining Borrowing Capacity					1,400		1,400
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					$ 2,000		$ 2,000

Note 3 - Debt - Future Maturiti

Note 3 - Debt - Future Maturities of Long-term Debt (Details) $ in Thousands	Dec. 31, 2019USD ($)
2020	$ 1,257
2021	194
2022	204
2023	345
Total	$ 2,000

Note 4 - Property and Equipme_3

Note 4 - Property and Equipment (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Depreciation, Total	$ 1	$ 0.9

Note 4 - Property and Equipme_4

Note 4 - Property and Equipment - Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Property and euqipment, gross	$ 6,225	$ 5,831
Less: Accumulated depreciation	(4,300)	(3,264)
Property and equipment, net	1,925	2,567
Furniture and Fixtures [Member]
Property and euqipment, gross	1,488	1,480
Software and Software Development Costs [Member]
Property and euqipment, gross	2,944	2,944
Computer Equipment [Member]
Property and euqipment, gross	829	445
Leasehold Improvements [Member]
Property and euqipment, gross	$ 964	$ 962

Note 5 - Leases (Details Textua

Note 5 - Leases (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finance Lease, Principal Payments	$ 111
Operating Lease, Weighted Average Remaining Lease Term	1 year 109 days
Finance Lease, Weighted Average Remaining Lease Term	4 years 36 days
Operating Lease, Weighted Average Discount Rate, Percent	4.70%
Finance Lease, Weighted Average Discount Rate, Percent	5.10%
Operating Lease, Expense	$ 1,500	$ 1,900

Note 5 - Leases - Additional In

Note 5 - Leases - Additional Information Regarding Financing and Operating Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Amortization of ROU assets, finance lease	$ 102
Interest on lease liabilities, finance lease	8
Operating lease expense	1,159
Short term lease expense	273
Financing cash flows	111
Operating cash flows	1,236
Finance leases	452
Operating leases	$ 2,404

Note 5 - Leases - Futrue Maturi

Note 5 - Leases - Futrue Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2019USD ($)
2020, operating	$ 1,135
2020, finance	109
2021, operating	369
2021, finance	86
2022, operating
2022, finance	55
2023, operating
2023, finance	55
2024, operating
2024, finance	50
Total, operating	1,504
Total, finance	355
Less: Present value discount, operating	(121)
Less: Present value discount, finance	(36)
Lease liability, operating	1,383
Lease liability, finance	$ 319

Note 5 - Leases - Future Minimu

Note 5 - Leases - Future Minimum Payments (Details) $ in Thousands	Dec. 31, 2018USD ($)
2020	$ 1,365
2021	410
2022	50
2023	50
2024	50
Total	$ 1,925

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Expense (Benefit), Total	$ 400	$ 333
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	340
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Amount	3,500
Goodwill, Impairment Loss	4,845
Deferred Income Tax Benefit, Goodwill Impairment	$ 300
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%	35.00%
Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards, Total	$ 500
Foreign Tax Authority [Member]
Tax Credit Carryforward, Amount	$ 500

Note 7 - Income Taxes - Income

Note 7 - Income Taxes - Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Federal
State	(30)	(26)
Foreign	(276)	(198)
Current Total	(306)	(224)
Federal	(36)	(153)
State	(58)	44
Foreign
Deferred Total	(94)	(109)
Total	$ (400)	$ (333)

Note 7 - Income Taxes - Effecti

Note 7 - Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Computed income tax benefit (expense) at statutory rate	$ 944	$ (228)
Permanent and other deductions, net	(782)	(34)
Global intangible low-taxed income	(200)	(149)
Foreign income taxes		55
State income taxes, net of federal benefit	(9)	26
Deferred tax effects	(13)	(3)
Valuation allowance – forfeiture of stock options	(340)
Income tax expense	$ (400)	$ (333)

Note 7 - Income Taxes - Summary

Note 7 - Income Taxes - Summary of Deferred Tax Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Net operating loss carryforward	$ 103	$ 114
Foreign tax credits	483	483
Accrued expenses	580	649
Allowance for doubtful accounts	85	144
Stock-based compensation	384	336
Other intangible assets	36	45
Interest expense limitation	11
Less: Valuation allowance - forfeiture of stock options	(340)
Total deferred income tax asset	1,342	1,771
Property and equipment	(393)	(545)
Intangible assets-brand name	(1,079)	(1,079)
Goodwill	(257)	(497)
Other intangible assets	(338)	(281)
Total deferred income tax liability	(2,067)	(2,402)
Net deferred tax liability	$ (725)	$ (631)

Note 8 - Treasury Stock (Detail

Note 8 - Treasury Stock (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Dec. 12, 2018	Aug. 01, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2016	Dec. 31, 2019	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, Acquired	50,000	100,000	45,707			1,309,861
Treasury Stock Acquired, Average Cost Per Share			$ 5.66			$ 4.85
Treasury Stock, Value, Acquired, Cost Method			$ 259	$ 1,200		$ 6,400
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased			190,139			190,139

Note 9 - Related Parties (Detai

Note 9 - Related Parties (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
NCM [Member]
Due to Related Parties, Current, Total	$ 0
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

Note 10 - Stock Options and S_3

Note 10 - Stock Options and Stock Purchase Warrants (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period
Incentive Plan 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			500,000
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	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	6 years 222 days	7 years 222 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 0	$ 0
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	230,000
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	10 years

Note 10 - Stock Options and S_4

Note 10 - Stock Options and Stock Purchase Warrants - Summary of Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Outstanding (in shares)	460,000	460,000
Outstanding (in dollars per share)	$ 7.34	$ 7.34
Granted (in shares)
Granted (in dollars per share)
Exercised (in shares)
Exercised (in dollars per share)
Forfeited or expired (in shares)
Forfeited or expired (in dollars per share)
Outstanding (in shares)	460,000	460,000
Outstanding (in dollars per share)	$ 7.34	$ 7.34

Note 11 - Benefit Plans (Detail

Note 11 - Benefit Plans (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
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 12 - Intangible Assets (De

Note 12 - Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill, Impairment Loss	$ 4,845
Asset Impairment Charges, Total		0
Amortization of Intangible Assets, Total	$ 100	$ 100

Note 12 - Intangible Assets - G

Note 12 - Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill	$ 13,192	$ 13,192
Impairment	(4,845)
US Reporting Unit [Member]
Goodwill	12,563	12,563
Impairment	(4,845)
London Reporting Unit [Member]
Goodwill	629	629
Impairment

Note 12 - Intangible Assets - S

Note 12 - Intangible Assets - Summary of Finite Lived Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets, Gross	$ 8,737	$ 8,737
Finite-Lived Intangible Assets, Accumulated Amortization	$ (8,737)	$ (8,684)
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	$ (3,204)	$ (3,194)
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	$ (2,846)	$ (2,803)
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

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual) - Amegy [Member] - Credit Agreement After Fifth Amendment [Member] - Revolving Credit Facility [Member] - USD ($)	Mar. 26, 2020	Oct. 24, 2016
Debt Agreement, Covenant Compliance, Minimum Net Worth		$ 22,000,000
Subsequent Event [Member]
Debt Agreement, Covenant Compliance, Minimum Net Worth	$ 4