Hudson Global (HSON) 10-Q 10 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	Apr. 26, 2024
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-38704
Entity Registrant Name	HUDSON GLOBAL, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	59-3547281
Entity Address, Address Line One	53 Forest Avenue
Entity Address, Address Line Two	Suite 102
Entity Address, City or Town	Old Greenwich
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06870
City Area Code	475
Local Phone Number	988-2068
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		2,833,144
Entity Central Index Key	0001210708
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Common Stock | The NASDAQ Stock Market LLC
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	HSON
Security Exchange Name	NASDAQ
Preferred Share Purchase Rights | The NASDAQ Stock Market LLC
Title of 12(b) Security	Preferred Share Purchase Rights
Security Exchange Name	NASDAQ
No Trading Symbol Flag	true

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue	$ 33,891	$ 43,072
Operating expenses:
Direct contracting costs and reimbursed expenses	17,561	21,308
Salaries and related	15,166	17,478
Office and general	2,929	2,939
Marketing and promotion	878	981
Depreciation and amortization	397	348
Total operating expenses	36,931	43,054
Operating (loss) income	(3,040)	18
Non-operating income (expense):
Interest income, net	93	64
Other (expense) income, net	(39)	133
(Loss) income before income taxes	(2,986)	215
Benefit from income taxes	(88)	(139)
Net (loss) income	$ (2,898)	$ 354
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.95)	$ 0.12
Diluted (in dollars per share)	$ (0.95)	$ 0.11
Weighted-average shares outstanding:
Basic (in shares)	3,041	3,033
Diluted (in shares)	3,041	3,122

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (2,898)	$ 354
Other comprehensive loss:
Foreign currency translation adjustment, net of income taxes	(636)	(9)
Total other comprehensive loss, net of income taxes	(636)	(9)
Comprehensive (loss) income	$ (3,534)	$ 345

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 20,414	$ 22,611
Accounts receivable, less allowance for expected credit losses of $368 and $378, respectively	20,970	19,710
Restricted cash, current	391	354
Prepaid and other	2,768	3,172
Total current assets	44,543	45,847
Property and equipment, net of accumulated depreciation of $1,658 and $1,564, respectively	317	421
Operating lease right-of-use assets	1,245	1,431
Deferred tax assets, net	3,562	3,360
Restricted cash	194	205
Goodwill	5,728	5,749
Intangible assets, net of accumulated amortization of $3,058 and $2,771, respectively	3,336	3,628
Other assets	277	317
Total assets	59,202	60,958
Current liabilities:
Accounts payable	1,974	868
Accrued salaries, commissions, and benefits	5,452	4,939
Accrued expenses and other current liabilities	5,701	4,635
Operating lease obligations, current	766	768
Total current liabilities	13,893	11,210
Income tax payable	88	87
Operating lease obligations	479	664
Other liabilities	439	443
Total liabilities	14,899	12,404
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value, 10,000 shares authorized; none issued or outstanding	0	0
Common stock, $0.001 par value, 20,000 shares authorized; 3,995 and 3,896 shares issued; 2,833 and 2,807 shares outstanding, respectively	4	4
Additional paid-in capital	493,414	493,036
Accumulated deficit	(428,145)	(425,247)
Accumulated other comprehensive loss, net of applicable tax	(1,926)	(1,290)
Treasury stock, 1,162 and 1,089 shares, respectively, at cost	(19,044)	(17,949)
Total stockholders’ equity	44,303	48,554
Total liabilities and stockholders’ equity	$ 59,202	$ 60,958

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 368	$ 378
Less: acccumulated depreciation and amortization	1,658	1,564
Finite-lived intangible assets, accumulated amortization	$ 3,058	$ 2,771
Preferred stock, par value (dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, issued (in shares)	3,995,000	3,896,000
Common stock, shares, outstanding (in shares)	2,807,000	2,833,000
Treasury stock (in shares)	1,162,000	1,089,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net (loss) income	$ (2,898)	$ 354
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	397	348
Provision for expected credit losses	(8)	0
Benefit from deferred income taxes	(287)	(294)
Stock-based compensation	378	473
Changes in operating assets and liabilities, net of effect of dispositions:
Increase in accounts receivable	(1,626)	(1,127)
Increase in prepaid and other assets	(702)	(928)
Increase (decrease) in accounts payable, accrued expenses and other liabilities	2,961	(3,780)
Net cash used in by operating activities	(1,785)	(4,954)
Cash flows from investing activities:
Capital expenditures	(9)	(38)
Proceeds from corporate benefit policy	1,076	0
Net cash provided by (used in) investing activities	1,067	(38)
Cash flows from financing activities:
Purchase of treasury stock (including payment of tax withholdings)	(936)	0
Cash paid for net settlement of employee restricted stock units	(159)	(164)
Net cash used in financing activities	(1,095)	(164)
Effect of exchange rates on cash, cash equivalents and restricted cash	(358)	(35)
Net decrease in cash, cash equivalents and restricted cash	(2,171)	(5,191)
Cash, cash equivalents, and restricted cash, beginning of the period	23,170	27,477
Cash, cash equivalents, and restricted cash, end of the period	20,999	22,286
Supplemental disclosures of cash flow information:
Cash received during the period for interest	93	64
Net cash payments during the period for income taxes	147	512
Cash paid for amounts included in operating lease liabilities	208	131
Supplemental non-cash disclosures:
Right-of-use assets obtained in exchange for operating lease liabilities	$ 0	$ 837

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Common stock and additional paid-in capital	Treasury stock:	Accumulated other comprehensive (loss) income	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2022		2,794	3,823
Beginning treasury balance (in shares) at Dec. 31, 2022				(1,029)
Beginning balance at Dec. 31, 2022	$ 45,792		$ 491,571	$ (16,746)	$ (1,639)	$ (427,394)
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2022						(51)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	354					354
Other comprehensive loss					(9)
Purchase of treasury stock (in shares)				0
Purchase of treasury stock (including payment of tax withholdings)				$ 0
Purchase of restricted stock from employees (in shares)				(8)
Purchase of net settled restricted stock from employees				$ (164)
Stock-based compensation (in shares)			38
Stock-based compensation			$ 473
Ending balance (in shares) at Mar. 31, 2023		2,824	3,861
Ending treasury balance (in shares) at Mar. 31, 2023				(1,037)
Ending balance at Mar. 31, 2023	$ 46,395		$ 492,044	$ (16,910)	(1,648)	(427,091)
Beginning balance (in shares) at Dec. 31, 2023	2,833	2,807	3,896
Beginning treasury balance (in shares) at Dec. 31, 2023	1,089			(1,089)
Beginning balance at Dec. 31, 2023	$ 48,554		$ 493,040	$ (17,949)	(1,290)	(425,247)
Beginning balance (Accounting Standards Update 2016-13) at Dec. 31, 2023						0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	$ (2,898)					(2,898)
Other comprehensive loss					(636)
Purchase of treasury stock (in shares)				(63)
Purchase of treasury stock (including payment of tax withholdings)				$ (936)
Purchase of restricted stock from employees (in shares)				(10)
Purchase of net settled restricted stock from employees				$ (159)
Stock-based compensation (in shares)			99
Stock-based compensation			$ 378
Ending balance (in shares) at Mar. 31, 2024	2,807	2,833	3,995
Ending treasury balance (in shares) at Mar. 31, 2024	1,162			(1,162)
Ending balance at Mar. 31, 2024	$ 44,303		$ 493,418	$ (19,044)	$ (1,926)	$ (428,145)

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION These interim unaudited condensed consolidated financial statements have been prepared in accordance with United States of America (“U.S.”) generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”) for interim financial reporting and should be read in conjunction with the consolidated financial statements and related notes of Hudson Global, Inc. and its subsidiaries (the “Company”, “Hudson” or “Hudson RPO”) filed in its Annual Report on Form 10-K for the year ended December 31, 2023. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of operating revenues and expenses. These estimates are based on management’s knowledge and judgments. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation of the Company’s financial position, results of operations, and cash flows at the dates and for the periods presented have been included. The results of operations for interim periods are not necessarily indicative of the results of operations for the full year. The condensed consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. Intra-entity balances and transactions between and among the Company and its subsidiaries have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform to the current year presentation with no material impact on the condensed consolidated financial statements. For more information, see Note 2 to the Condensed Consolidated Financial Statements.

DESCRIPTION OF BUSINESS

DESCRIPTION OF BUSINESS	3 Months Ended
	Mar. 31, 2024
Description of Business [Abstract]
DESCRIPTION OF BUSINESS	DESCRIPTION OF BUSINESS The Company delivers Recruitment Process Outsourcing (“RPO”) services consisting of recruitment and contracting solutions tailored to the individual needs of primarily mid-to-large multinational companies. The Company operates directly in fourteen countries with three reportable geographic business segments: the Americas, Asia Pacific, and Europe. The Company’s RPO delivery teams utilize recruitment process methodologies and project management expertise to meet clients’ ongoing business needs. The Company’s RPO services include complete recruitment outsourcing, project-based outsourcing, contingent workforce solutions, and recruitment consulting for clients’ permanent staff hires. Hudson’s RPO services leverage the Company’s consultants, supported by the Company’s specialists, in the delivery of its proprietary methods to identify, select, and engage the best-fit talent for critical client roles. In addition, the Company provides RPO clients with a range of outsourced professional contract staffing services and managed service provider services offered sometimes on a standalone basis and sometimes as part of a blended total talent solution. These services draw upon a combination of specialized recruiting and project management competencies to deliver a wide range of solutions. Hudson RPO-employed professionals - either individually or as a team - are placed with client organizations for a defined period of time based on specific business needs of the client. On March 12, 2024, the Company announced that it entered into a strategic agreement with Executive Solutions, a Dubai-based talent solutions company. This agreement allowed the Company to expand its global footprint and client base in the Middle East market. The Company evaluated the agreement under ASC 805 "Business Combinations" and determined that the transaction did not qualify as either a business combination or an asset purchase. Payments associated with this agreement were classified as compensation expense and were included in the "Salaries and related" caption on the Company's Condensed Consolidated Statements of Operations. In February 2024, Hudson RPO announced an expansion of its service offerings to include executive search in North America, focusing on Life Sciences and Human Resources. This expansion, coupled with the Company’s existing RPO strategy, provides a comprehensive talent acquisition approach, enabling clients to develop streamlined and centralized hiring strategies within a flexible and scalable total talent solution. This service offering better positions the Company as a strategic partner helping clients to implement successful business strategies. On November 15, 2023, Hudson announced the appointment of Jacob “Jake” Zabkowicz as Global Chief Executive Officer of Hudson RPO. Mr. Zabkowicz leads the vision, strategy, and execution of Hudson RPO’s growth plan, while Jeff Eberwein, Chief Executive Officer of Hudson Global, Inc., continues to focus on capital allocation, acquisitions, corporate strategy, and maximizing shareholder value. On October 31, 2023, Hudson completed its acquisition of Hudson Global Resources (Singapore) Pte. Ltd. (“Hudson Singapore”), a provider of recruitment services primarily to clients operating in Singapore. Hudson Singapore has a 30-year track record of senior placements and project recruitment work across Southeast Asia including Singapore, Malaysia, the Philippines, Vietnam, Thailand, and Indonesia.

ACCOUNTING PRONOUNCEMENTS

ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
ACCOUNTING PRONOUNCEMENTS	ACCOUNTING PRONOUNCEMENTS Recent Accounting Standard Update Not Yet Adopted In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. This standard provides additional disclosures about significant expenses in operating segments. The guidance is effective for all entities, for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is evaluating the effect of adopting this new accounting guidance, and will adopt the guidance when it becomes effective. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which modifies FASB Accounting Standards Codification 740 to enhance the transparency and decision usefulness of income tax disclosures. ASU No. 2023-09 is effective on a prospective basis for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is evaluating the effect of adopting this new accounting guidance, and will adopt the guidance when it becomes effective. Adoption of New Accounting Pronouncements On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This update was issued by the Financial Accounting Standards Board (the “FASB”) in June 2016. This standard requires an impairment model (known as the current expected credit loss (“CECL”) model) and replaces the methodology that recognizes impairment of financial instruments when losses have been incurred with a methodology that recognizes impairment of financial instruments when losses are expected. The new standard requires entities to use a forward-looking “expected loss” model for most financial instruments, including accounts receivable and unbilled services that is based on historical information, current information, and reasonable and supportable forecasts. As a result of adopting the new standard, the Company recognized a cumulative increase to allowances for accounts receivable and unbilled services and a reduction to the 2023 opening balance of retained earnings of $51. Comparative periods prior to the adoption of this standard and their respective disclosures have not been adjusted. The adoption of ASU 2016-13 did not have a material impact on the Company’s Condensed Consolidated Financial Statements.

REVENUE RECOGNITION

REVENUE RECOGNITION	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
ACCOUNTING PRONOUNCEMENTS	REVENUE RECOGNITION Nature of Services We account for a contract when both parties to the contract have approved the contract, the rights of the parties are identified, payment terms are identified, the contract has commercial substance, and collectability of consideration is probable. Revenues are recognized over time, using an input or output method, as the control of the promised services is transferred to the client in an amount that reflects the consideration we expect to be entitled to in exchange for those services. The majority of our contracts are short-term in nature as they include termination clauses that allow either party to cancel within a short termination period, without cause. Revenue includes billable travel and other reimbursable costs and is reported net of sales or use taxes collected from clients and remitted to taxing authorities. We generally determine standalone selling prices based on the prices included in our client contracts, using expected cost plus profit, or other observable prices. The price as specified in our client contracts is generally considered the standalone selling price as it is an observable input that depicts the price as if sold to a similar client in similar circumstances. Certain client contracts have variable consideration, including usage-based fees that increase the transaction price and volume rebates or other similar items that generally reduce the transaction price. We estimate variable consideration using the expected value method based on the terms of the client contract and historical evidence. These amounts may be constrained and are only included in revenue to the extent we do not expect a significant reversal when the uncertainty associated with the variable consideration is resolved. Other than bonuses to be paid to contractors, on behalf of our clients, our estimated amounts of variable consideration subject to constraints are not material, and we do not believe that there will be significant changes to our estimates. Certain contract employees are entitled to performance bonuses at the sole discretion of the client and are constrained until approved. No bonuses were approved and paid to our contract employees on behalf of our clients in the three months ended March 31, 2024 and 2023. We record accounts receivable when our right to consideration becomes unconditional. Contract assets primarily relate to our rights to consideration for services provided that such rights to consideration are conditional on satisfaction of future performance obligations. A contract liability for deferred revenue is recorded when consideration is received, or is unconditionally due, from a client prior to transferring control of services to the client under the terms of a contract. Deferred revenue balances typically result from advance payments received from clients prior to transferring control of services. Other than deferred revenue, we do not have any material contract assets or liabilities as of and for the three months ended March 31, 2024 and 2023. As of March 31, 2024 and December 31, 2023, deferred revenue was $162 and $96, respectively. Payment terms vary by client and the services being provided to the client. We consider payment terms that exceed one year to be extended payment terms. Substantially all of the Company’s contracts include payment terms of 90 days or less, and we do not extend payment terms beyond one year. We primarily record revenue on a gross basis in the Condensed Consolidated Statements of Operations and Comprehensive Income based upon the following key factors: • We maintain the direct contractual relationship with the client and are responsible for fulfilling the service promised to the client. • We maintain control over our contractors while the services to the client are being performed, including our contractors’ billing rates, and are ultimately responsible for paying them. RPO. We provide complete recruitment outsourcing, project-based outsourcing, and recruitment consulting services for clients’ permanent staff hires. We recognize revenue for our RPO over time in an amount that reflects the consideration we expect to be entitled to and have an enforceable right to payment in exchange for our services. The client simultaneously receives and consumes the benefits of the services as they are provided. The transaction prices contain both fixed fees and variable consideration. Variable consideration is constrained by candidates accepting offers of permanent employment. We recognize revenue on fixed fees as the performance obligations are satisfied and variable fees as the constraint is lifted. We do not incur incremental costs to obtain our RPO contracts. The costs to fulfill these contracts are expensed as incurred. We recognize permanent placement revenue when employment candidates accept offers of permanent employment. We have a substantial history of estimating the financial impact of permanent placement candidates who do not remain with our clients through a guarantee period. Fees to clients are generally calculated as a percentage of the new employee’s annual compensation. No fees for permanent placement services are charged to employment candidates. Contracting. We provide clients with a range of outsourced professional contract staffing services and managed service provider services, sometimes offered on a standalone basis and sometimes offered as part of a blended total talent solution. We recognize revenue for our contracting services over time as services are performed in an amount that reflects the consideration we expect to be entitled to and have an enforceable right to payment in exchange for our services, which is generally calculated as hours worked multiplied by the agreed-upon hourly bill rate. The client simultaneously receives and consumes the benefits of the services as they are provided. We do not incur incremental costs to obtain our contracts for outsourced professional contract staffing services and managed service provider services. The costs incurred to fulfill these contracts are expensed as incurred. Unsatisfied performance obligations. As a practical expedient, we do not disclose the value of unsatisfied performance obligations for (i) contracts with an expected original duration of one year or less and (ii) contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. Disaggregation of Revenue The following table presents our disaggregated revenues by revenue source. For additional information on the revenues by geographical segment, see Note 14 to the Condensed Consolidated Financial Statements. Three Months Ended 2024 2023 RPO $ 15,838 $ 21,521 Contracting 18,053 21,551 Total Revenue $ 33,891 $ 43,072

ACCOUNT RECEIVABLE, NET

ACCOUNT RECEIVABLE, NET	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
ACCOUNT RECEIVABLE, NET	ACCOUNTS RECEIVABLE, NET Accounts receivable balances are composed of trade and unbilled receivables. Unbilled accounts receivable represent revenue recorded in advance of processing formal invoices pursuant to the completion of contract provisions and, generally, become billable at contractually specified dates. Unbilled receivables of $6,606 and $5,163 as of March 31, 2024 and December 31, 2023, respectively, are expected to be invoiced and collected within one year. The Company records accounts receivable when its right to consideration becomes unconditional. Contract assets primarily relate to our rights to consideration for services provided that they are conditioned on satisfaction of future performance obligations. Accounts receivable, net, are stated at the amount the Company expects to collect, which is net of estimated losses resulting from the inability of its customers to make required payments. The Company generally establishes customer credit limits and estimates the allowance for credit losses on a country or geographic basis. Customer credit limits are based upon an initial evaluation of the customer’s credit quality and we adjust that limit accordingly based upon ongoing credit assessments of the customer, including payment history and changes in credit quality. Consistent with our adoption of ASU 2016-13, effective January 1, 2023 (refer to Note 3 – Accounting Pronouncements), the allowance for expected credit losses is determined based on an assessment of past collection experience as well as consideration of current and future economic conditions and changes in our customer collection trends. The following table summarizes the components of “Accounts receivable, net” as presented on the Condensed Consolidated Balance Sheets: March 31, December 31, Accounts Receivable: 2024 2023 Billed receivables $ 14,731 $ 14,925 Unbilled receivables 6,606 5,163 Accounts Receivable, Gross $ 21,337 $ 20,088 Allowance for expected credit losses (367) (378) Accounts Receivable, Net $ 20,970 $ 19,710 The following table summarizes the total provision for expected credit losses and write-offs: Three Months Ended 2024 2023 Beginning balance $ 378 $ 51 Provision for expected credit losses (8) — Write-offs (3) — Cumulative-effect adjustment from adoption of ASU 2016-13, Credit Losses — 51 Ending Balance $ 367 $ 102

ACQUISITION

ACQUISITION	3 Months Ended
	Mar. 31, 2024
Business Combinations [Abstract]
ACQUISITION	ACQUISITIONS Hudson Global Resources (Singapore) Pte. Ltd. On October 31, 2023, the Company entered into a share purchase agreement by and among Hudson RPO Limited, a wholly owned subsidiary of the Company (“Buyer”), and Hudson Global Resources (Australia) Pty Limited (“Seller”), and completed the acquisition by Hudson RPO Limited of all of the shares of Hudson Global Resources (Singapore) Pte. Ltd. (“Singapore Acquisition”). Hudson Singapore is a provider of recruitment services primarily to clients operating in Singapore, with a 30-year track record of senior placements and project recruitment work across Southeast Asia including Singapore, Malaysia, the Philippines, Vietnam, Thailand, and Indonesia. In connection with the Singapore Acquisition, Seller received $2,546 in cash, subject to certain adjustments, at the closing of the Singapore Acquisition. Additionally, Seller has a contingent right to receive earn-out payments not to exceed approximately $317 , based upon the achievement of certain performance thresholds and subject to the satisfaction of certain conditions. The Singapore Acquisition was accounted for as a business combination under the acquisition method of accounting. The purchase price of $2,574 , consisted of the amount paid in cash of $2,546 and a working capital adjustment of $28. P otential contingent earn-out payments of up to approximately $317 were excluded from the purchase price as the associated revenue milestones were not achieved by the seller through December 2023. No fair value was assigned to the earn-out as the performance thresholds were not achieved. The purchase price, which included $491 of cash and cash equivalents acquired, was allocated to the net tangible and intangible assets and liabilities based on their fair values on the acquisition date of October 31, 2023, with the excess recorded as goodwill. None of the goodwill is expected to be deductible for tax purposes. The Company’s goodwill represents the expected profit growth over time that is attributable to expanding our footprint and market share in Singapore and Southeast Asia. The values assigned to the assets acquired and liabilities assumed are based on the fair value available and may be adjusted during the measurement period of up to 12 months from the date of acquisition as further information becomes available. Any changes in the fair values of the assets acquired and liabilities assumed during the measurement period may result in adjustments to goodwill. The Company incurred transaction costs related to the Singapore Acquisition of $13 that were expensed as part of “Office and general”. The Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 included revenue of $867 and a net loss of $159 from Hudson Singapore. Below is a summary of the fair value of the net assets acquired on the acquisition date based on external valuations at the date of the Singapore Acquisition. Fair Value Assets Acquired: Cash and cash equivalents $ 491 Accounts receivable 753 Prepaid expenses and other assets 88 Property and equipment 9 Operating lease right-of-use assets 32 Deferred tax assets 766 Intangible assets 212 Goodwill 847 Assets Acquired $ 3,198 Liabilities Assumed: Accrued expenses and other current liabilities $ 580 Other long-term liabilities 44 Liabilities Assumed $ 624 Fair value of consideration transferred $ 2,574 Intangible assets are amortized on a straight-line basis over their estimated useful lives. The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives on the date of the Singapore Acquisition. Fair Value Useful Life Non-compete agreements $ 28 5 years Customer lists 97 4 years Trade name 87 5 years Total identifiable assets $ 212 Hunt & Badge Consulting Private Limited On August 19, 2022, the Company entered into a share purchase agreement by and among Hudson RPO Limited, a wholly owned subsidiary of the Company (“HnB Buyer”), Hunt & Badge Consulting Private Limited (“Seller” or “HnB”), and certain principals of HnB, and completed the acquisition by HnB Buyer of all of the membership interests of the Seller (the “HnB Acquisition”). HnB is a provider of recruitment services to customers operating in India. HnB partners with companies of all sizes, including well-known multinationals, across a variety of industries to help meet their talent procurement needs. In connection with the HnB Acquisition, Seller received $1,064 in cash, subject to certain adjustments, at the closing of the HnB Acquisition. Additionally, Seller has a contingent right to receive earn-out payments not to exceed $350 in aggregate payable over an eighteen-month period, subject to the achievement of certain performance thresholds and, the satisfaction of certain conditions. The HnB Acquisition was accounted for as a business combination under the acquisition method of accounting. The purchase price of $1,260, which consists of the amount paid in cash of $1,064, a working capital adjustment of $46, net of an owner receivable of $28, and contingent earn-out payments of up to $350 (which such earn-out payments are contingent upon the achievement of certain revenue milestones through December 2023), was allocated to the net tangible and intangible assets and liabilities based on their fair values on the acquisition date of August 19, 2022, with the excess recorded as goodwill. None of the goodwill is expected to be deductible for tax purposes. The Company’s goodwill represents the expected profit growth over time that is attributable to expanding our footprint and market share in India. The purchase price included $314 of cash and cash equivalents acquired. As of March 31, 2024, the estimated fair value for the contingent earn-out payments that the Company classified as Level 3 in the fair value hierarchy was $150, which is the agreed upon minimum payment. These fair value estimates are based on significant inputs not observed in the market and reflect our own assumptions (forecasted revenue) through December 31, 2023. In determining the fair value of the contingent consideration liability, the Company used an estimate based on a number of possible projections over the earn-out period. Given the short duration of the earn-out period, the fair value of contingent liability was measured on an undiscounted basis. The Company will continue to reassess the fair value of the acquisition-related contingent consideration at each reporting period based on additional information as it becomes available. This contingent consideration will be remeasured quarterly. If, as a result of remeasurement, the value of the contingent consideration changes, any charges or income will be marked to market and included in “Other income (expense), net” on the Company’s Condensed Consolidated Statements of Operations. For the three months ended March 31, 2024, no gains or losses were recognized in earnings for changes in the remeasurement of the contingent consideration. The values assigned to the assets acquired and liabilities assumed are based on the fair value available and may be adjusted during the measurement period of up to 12 months from the date of acquisition as further information becomes available. Excluding the contingent consideration, any changes in the fair values of the assets acquired and liabilities assumed during the measurement period may result in adjustments to goodwill. The Company incurred transaction costs related to the HnB Acquisition of $63 that were expensed as part of “Office and general”. The Company’s accounting for the business combination was completed as of December 31, 2022. The Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 included revenue of $11 and net loss of $28, from HnB. Below is a summary of the fair value of the net assets acquired on the acquisition date based on internal valuations at the date of the HnB Acquisition. Fair Value Assets Acquired: Cash and cash equivalents $ 314 Accounts receivable 80 Prepaid expenses and other assets 77 Property and equipment 35 Intangible assets 150 Goodwill 687 Assets Acquired $ 1,343 Liabilities Assumed: Accrued expenses and other current liabilities $ 20 Other long-term liabilities 63 Liabilities Assumed $ 83 Fair value of consideration transferred $ 1,260 Intangible assets are amortized on a straight-line basis over their estimated useful lives. The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives on the date of the HnB Acquisition. Fair Value Useful Life Non-compete agreements $ 40 3 years Customer lists 60 3 years Trade name 50 5 years Total identifiable assets $ 150

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Incentive Compensation Plan The Company maintains the Hudson Global, Inc. 2009 Incentive Stock and Awards Plan, as amended and restated on May 24, 2016 and further amended on September 14, 2020 and May 17, 2022 (the “ISAP”), pursuant to which it can issue equity-based compensation incentives to eligible participants. The ISAP permits the granting of stock options, restricted stock, restricted stock units, and other types of equity-based awards. The Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) will establish such conditions as it deems appropriate on the granting or vesting of stock options, restricted stock, restricted stock units, and other types of equity-based awards. As determined by the Compensation Committee, equity awards may also be subject to immediate vesting upon the occurrence of certain events including death, disability, retirement, or a change in control of the Company. When we make grants of restricted stock or restricted stock units to our executive officers, including the named executive officers, we enter into Restricted Stock Agreements and Restricted Stock Unit Agreements with such executive officers that contain provisions that are triggered upon a termination of an executive officer or a change in control of our Company. For awards of restricted stock granted beginning on November 6, 2015, effective upon a change in control of our Company, if the executive is employed by us or an affiliate of ours immediately prior to the date of such change in control and is subsequently terminated within 12 months following the date of such change in control, the shares of restricted stock will fully vest and the restrictions imposed upon the restricted stock will be immediately deemed to have lapsed. For awards of restricted stock units granted beginning on March 10, 2016, effective upon a change in control of our Company, if the executive is employed by us or an affiliate of ours immediately prior to the date of such change in control and is subsequently terminated within 12 months following the date of such change in control, the restricted stock units will fully vest and the restrictions imposed upon the restricted stock units will be immediately deemed to have lapsed. The Company primarily grants restricted stock and restricted stock units to its employees. A restricted stock unit is equivalent to one share of the Company’s common stock and is payable only in common stock of the Company issued under the ISAP. The Compensation Committee administers the ISAP and may designate any of the following as a participant under the ISAP: any officer or other employee of the Company or its affiliates or individuals engaged to become an officer or employee, consultants, or other independent contractors who provide services to the Company or its affiliates, and non-employee directors of the Company. On May 17, 2022, the Company’s stockholders at the 2022 Annual Meeting of Stockholders approved amendments to the ISAP to, among other things, increase the number of shares of the Company’s common stock that are reserved for issuance by 250,000 shares. As of March 31, 2024, there were 144,584 shares of the Company’s common stock available for future issuance under the ISAP. All share issuances related to stock compensation plans are issued from the aforementioned stock available for future issuance under stockholder approved compensation plan. For the three months ended March 31, 2024, the Company granted 43,147 restricted stock units subject to performance vesting conditions for the year ended December 31, 2024, and granted 1,250 of discretionary time-vested restricted stock units to certain employees that were not subject to performance conditions. For the three months ended March 31, 2023, the Company granted 28,841 restricted stock units subject to performance vesting conditions for the year ended December 31, 2023. A summary of the quantity and vesting conditions for stock-based units granted to the Company ’ s employees for the three months ended March 31, 2024 was as follows: Vesting conditions Number of Restricted Stock Units Granted Performance and service conditions - Type 1 (1) (2) 10,439 Performance and service conditions - Type 2 (1) (2) 32,708 Service conditions only - Type 1 (2) 1,250 Total shares of stock award granted 44,397 (1) The performance conditions with respect to restricted stock units may be satisfied as follows: (a) For grants to Corporate office employees subject to 2024 performance conditions, 100% of the restricted stock units may be earned on the basis of performance as measured by a “group adjusted EBITDA”. (2) To the extent restricted stock units are earned, such restricted stock units will vest on the basis of service as follows: (a) 33% and 66.6% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the first anniversary of the grant date; (b) 33% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the second anniversary of the grant date; and (c) 34% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date. The Company also maintains the Director Deferred Share Plan (the “Director Plan”) as part of the ISAP pursuant to which it can issue restricted stock units to its non-employee directors. A restricted stock unit is equivalent to one share of the Company’s common stock and is payable only in common stock issued under the ISAP upon a director ceasing service as a member of the Company’s Board. The restricted stock units vest immediately upon grant and are credited to each of the non-employee director’s retirement accounts under the Director Plan. Restricted stock units issued under the Director Plan contain the right to a dividend equivalent award in the form of additional restricted stock units. The dividend equivalent award is calculated using the same rate as the cash dividend paid on a share of the Company’s common stock, and then divided by the closing price of the Company’s common stock on the date the dividend is paid to determine the number of additional restricted stock units to grant. Dividend equivalent awards have the same vesting terms as the underlying awards. During the three months ended March 31, 2024, the Company granted 2,233 restricted stock units to its non-employee directors pursuant to the Director Plan. As of March 31, 2024, 216,099 restricted stock units are deferred under the Company’s ISAP. For the three months ended March 31, 2024 and 2023, the Company’s stock-based compensation expense related to restricted stock units and restricted shares of common stock were as follows: Three Months Ended 2024 2023 Restricted shares of common stock $ — $ 16 Restricted stock units 378 457 Total $ 378 $ 473 Restricted Stock Units As of March 31, 2024, the Company had $1,645 of unrecognized stock-based compensation expense related to outstanding unvested restricted stock units. The Company expects to recognize that cost over a weighted average service period of 0.8 years. Restricted stock units have no voting or dividend rights until the awards are vested. Changes in the Company’s restricted stock units for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended March 31, 2024 Performance-based Time-based/Director Total Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Unvested restricted stock units at January 1, 2024 95,264 $ 23.49 80,422 $ 16.50 175,686 $ 20.29 Granted 43,147 $ 14.37 3,483 $ 16.54 46,630 $ 14.53 Shares earned above target (a) — $ — — $ — — $ — Vested (43,781) $ 17.21 (6,993) $ 15.55 (50,774) $ 16.98 Forfeited (28,841) $ 22.27 — $ — (28,841) $ 22.27 Unvested restricted stock units at March 31, 2024 65,789 $ 22.23 76,912 $ 16.59 142,701 $ 19.19 (a) The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date. (a) The number of shares earned above target are based on the performance targets established by the Compensation Committee at the initial grant date. Three Months Ended March 31, 2023 Performance-based Time-based/Director Total Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Unvested restricted stock units at January 1, 2023 130,186 $ 23.56 33,390 $ 20.31 163,576 $ 22.89 Granted 28,841 $ 22.27 — $ — 28,841 $ 22.27 Shares earned above target (a) 3,940 $ 35.72 — $ — 3,940 $ 35.72 Vested (49,026) $ 18.82 (7,260) $ 14.54 (56,286) $ 18.27 Forfeited (8,228) $ 34.69 (850) $ 14.54 (9,078) $ 32.80 Unvested restricted stock units at March 31, 2023 105,713 $ 24.99 25,280 $ 22.16 130,993 $ 24.44 (a) The number of shares earned above target are based on the performance targets established by the Compensation Committee at the initial grant date. (a) The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date. Shares of Common Stock Changes in the Company’s restricted shares of common stock for the three months ended March 31, 2023, were as follows: Three Months Ended 2023 Number of Weighted Unvested restricted shares of common stock at January 1 17,410 $ 9.57 Vested — $ — Unvested restricted shares of common stock at March 31, 17,410 $ 9.57

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES Income Tax Provision Under ASC 270, “Interim Reporting”, and ASC 740-270, “Income Taxes – Intra Period Tax Allocation”, the Company is required to adjust its effective tax rate for each quarter to be consistent with the estimated annual effective tax rate. Jurisdictions with a projected loss for the full year where no tax benefit can be recognized are excluded from the calculation of the estimated annual effective tax rate. Applying the provisions of ASC 270 and ASC 740-270 could result in a higher or lower effective tax rate during a particular quarter, based upon the mix and timing of actual earnings versus annual projections. Effective Tax Rate The benefit from income taxes for the three months ended March 31, 2024 was $88 on a pre-tax loss of $2,986, compared to a benefit from income taxes of $139 on pre-tax income of $215 for the same period in 2023. The Company’s effective income tax rate was positive 3% and negative 65% for the three months ended March 31, 2024 and 2023, respectively. For the three months ended March 31, 2024, the effective tax rates differed from the U.S. Federal statutory rate of 21% primarily due to changes in valuation allowances in the U.S. and certain foreign jurisdictions, which reduces or eliminates the effective tax rate on current year profits or losses, foreign tax rate differences, and non-deductible expense. For the three months ended March 31, 2023, the effective tax rates differed from the U.S. Federal statutory rate of 21% primarily due to a discrete tax benefit recognized following the lapse of certain statutes of limitations related to Spain, recognition of a portion of a deferred tax asset in Canada, state income taxes, changes in valuation allowances in the U.S. and certain foreign jurisdictions which reduces or eliminates the effective tax rate on current year profits or losses, foreign tax rate differences, taxes on repatriations or deemed repatriation of foreign profits, and non-deductible expenses. Uncertain Tax Positions As of both March 31, 2024 and December 31, 2023, the Company had $60 of unrecognized tax benefits, excluding interest and penalties, which if recognized in the future, would lower the Company’s effective income tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as part of the provision for income taxes. As of March 31, 2024 and December 31, 2023, the Company had $28 and $27, respectively, of accrued interest and penalties associated with unrecognized tax benefits. The statute of limitations for capital gains taxes on the transfer of shares in Spain lapsed in January 2023. The FIN48 reserve for Spain capital gains taxes, interest, and penalties of approximately $408 was released as a tax benefit in the first quarter of 2023. Based on information available as of March 31, 2024, it is reasonably possible that the total amount of unrecognized tax benefits could decrease by $0 over the next 12 months as a result of projected resolutions of global tax examinations and controversies and potential expirations of the applicable statutes of limitations. In many cases, the Company’s unrecognized tax benefits are related to tax years that remain subject to examination by the relevant tax authorities. Tax years with net operating losses (“NOLs”) remain open until such losses expire or until the statutes of limitations for those years when the NOLs are used expire. As of March 31, 2024, the Company’s open tax years, which remain subject to examination by the relevant tax authorities, are between 2016 and 2023 depending on the jurisdiction. The Company believes that its unrecognized tax benefits as of March 31, 2024 are appropriately reflected for all years subject to examination above. Net Operating Losses (“NOLs”), Capital Losses, and Valuation Allowance The Company recorded a valuation allowance against all of our consolidated US deferred tax assets for NOLs and Capital Losses as of March 31, 2024 and December 31, 2023. We intend to continue maintaining a full valuation allowance on our deferred tax assets for NOLs until there is sufficient evidence to support the reversal of all or some portion of these allowances in the future.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share is computed by dividing the Company’s net income (loss) by the weighted average number of shares outstanding during the period. When the effects are not anti-dilutive, diluted earnings (loss) per share is computed by dividing the Company’s net income (loss) by the weighted average number of shares outstanding and the impact of all dilutive potential common shares, primarily stock options “in-the-money”, unvested restricted stock, and unvested restricted stock units. The dilutive impact of stock options, unvested restricted stock, and unvested restricted stock units is determined by applying the “treasury stock” method. Performance-based restricted stock awards are included in the computation of diluted earnings per share only to the extent that the underlying performance conditions: (i) are satisfied prior to the end of the reporting period; or (ii) would be satisfied if the end of the reporting period were the end of the related performance period and the result would be dilutive under the treasury stock method. Stock awards subject to vesting or exercisability based on the achievement of market conditions are included in the computation of diluted earnings per share only when the market conditions are met. A reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share calculations for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended 2024 2023 Earnings (loss) per share (“EPS”): Basic $ (0.95) $ 0.12 Diluted $ (0.95) $ 0.11 EPS numerator - basic and diluted: Net (loss) income $ (2,898) $ 354 EPS denominator (in thousands): Weighted average common stock outstanding - basic 3,041 3,033 Common stock equivalents: restricted stock units and restricted shares of common stock — (a) 89 Weighted average number of common stock outstanding - diluted 3,041 3,122 (a) The diluted weighted average number of shares of common stock outstanding did not differ from the basic weighted average number of shares of common stock outstanding because the effects of any potential common stock equivalents (see Note 7 to the Condensed Consolidated Financial Statements for further details on unvested restricted stock units) were anti-dilutive and therefore not included in the calculation of the denominator of dilutive earnings per share. The weighted average number of shares outstanding used in the computation of diluted net earnings (loss) per share for the three months ended March 31, 2024 and 2023 did not include the effect of the following potentially outstanding shares of common stock because the effect would have been anti-dilutive: Three Months Ended 2024 2023 Unvested restricted stock units — 1,000 Total — 1,000

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill The Company recorded goodwill of $847 on October 31, 2023 in connection with the Singapore Acquisition (See Note 6 for further information on the Singapore Acquisition ) . For the three months ended March 31, 2024 and the twelve months ended December 31, 2023, the changes in carrying amount of goodwill were as follows: Carrying Value 2024 Goodwill, January 1, $ 5,749 Acquisition — Currency translation (21) Goodwill, March 31, 2024 $ 5,728 Carrying Value 2023 Goodwill, January 1, $ 4,875 Acquisition 847 Currency translation 27 Goodwill, December 31, 2023 $ 5,749 Intangible Assets The Company’s intangible assets consisted of the following components as of March 31, 2024 and December 31, 2023: March 31, 2024 Weighted Average Remaining Amortization Useful Lives Gross Carrying Accumulated Net Carrying Non-compete agreements 3.2 $ 146 $ (102) $ 44 Trade name 6.6 1,636 (567) 1,069 Customer lists 3.3 3,955 (1,866) 2,089 Developed technology 0.8 657 (523) 134 $ 6,394 $ (3,058) $ 3,336 December 31, 2023 Weighted Average Remaining Amortization Useful Lives Gross Carrying Accumulated Net Carrying Non-compete agreements 3.4 $ 147 $ (98) $ 49 Trade name 6.7 1,638 (515) 1,123 Customer lists 3.5 3,957 (1,690) 2,267 Developed technology 0.9 657 (468) 189 $ 6,399 $ (2,771) $ 3,628 Amortization expense for the three months ended March 31, 2024 and 2023 was $287 and $280, respectively. Intangible assets are amortized on a straight-line basis over their estimated useful lives. No impairment in the value of amortizable intangible assets was recognized during the three months ended March 31, 2024 and 2023. Estimated future amortization expense for intangible assets for the remainder of the fiscal year ending December 31, 2024, and for each of the next fiscal years are as follows: 2024 $ 838 2025 870 2026 634 2027 549 2028 129 Thereafter 316 $ 3,336 The change in the book value of amortizable intangible assets is as follows: January 1, 2024 Beginning Balance Acquisition Amortization Translation and Other March 31, 2024 Ending Balance Non-compete agreements $ 49 $ — $ (5) $ — $ 44 Trade name 1,123 — (53) (1) 1,069 Customer lists 2,267 — (174) (4) 2,089 Developed technology 189 — (55) — 134 $ 3,628 $ — $ (287) $ (5) $ 3,336

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation and Complaints The Company is subject, from time to time, to various claims, lawsuits, contracts disputes, and other complaints from, for example, clients, candidates, suppliers, landlords for both leased and subleased properties, former and current employees, and regulators or tax authorities arising in the ordinary course of business. The Company routinely monitors claims such as these, and records provisions for losses when the claim becomes probable and the amount due is estimable. Although the outcome of these claims cannot be determined, the Company believes that the final resolution of these matters will not have a material adverse effect on the Company’s financial condition, results of operations or liquidity. For matters that reach the threshold of probable and estimable, the Company establishes reserves for legal, regulatory, and other contingent liabilities. The Company did not have any legal reserves as of March 31, 2024 and December 31, 2023. Operating Leases Our office space leases have lease terms of one year to four years. Some of these operating leases include options to extend the lease terms, and some operating leases include options to terminate the leases earlier than the expiration of the full terms. These options are considered in our determination of the valuation of our right-of-use assets and lease liabilities. None of our operating leases include implicit rates, and we have determined that the difference between the contractual cost basis and the present value of lease payments calculated using incremental borrowing rates is not material. Our operating lease costs for the three months ended March 31, 2024 and 2023 were $358 and $298, respectively (reflected in Net cash used in operating activities). The weighted average remaining lease term of our operating leases as of March 31, 2024 was 1.8 years. As of March 31, 2024, future minimum operating lease payments are as follows: 2024 2025 2026 2027 Total Minimum lease payments $ 583 $ 562 $ 92 $ 8 $ 1,245 Invoice Finance Credit Facility On April 8, 2019, the Company’s Australian subsidiary (“Australian Borrower”) entered into an invoice finance credit facility agreement (the “NAB Facility Agreement”) with National Australia Bank Limited (“NAB”). The NAB Facility Agreement provides the Australian Borrower with the ability to borrow funds based on a percentage of eligible trade receivables up to a maximum of 4 million Australian dollars. No receivables have terms greater than 90 days, and any risk of loss is retained by the Australian Borrower. The interest rate is calculated as the variable receivable finance indicator rate, plus a margin of 1.60% per annum. Borrowings under this facility are secured by substantially all of the assets of the Australian Borrower. The NAB Facility Agreement does not have a stated maturity date and can be terminated by either the Australian Borrower or NAB upon 90 days written notice. As of March 31, 2024, there were no amounts outstanding under the NAB Facility Agreement. Interest expense and fees incurred on the NAB Facility Agreement were $4 for each of the three months ended March 31, 2024 and 2023. The NAB Facility Agreement contains various restrictions and covenants for the Australian Borrower including (1) that EBITDA must be at least two times total interest paid on debt on a 12-month rolling basis; (2) minimum tangible net worth must be at least 2.5 million Australian dollars and be equal to at least 25% of total tangible assets on June 30 and December 31 (as defined in the NAB Facility Agreement); and (3) additional periodic reporting requirements to NAB. The Australian Borrower was in compliance with all financial covenants under the NAB Facility Agreement as of March 31, 2024. Amounts borrowed from the NAB Facility may be large, contain short maturities and have quick turnovers. Amounts borrowed and repaid are presented on a net basis on the Condensed Consolidated Statements of Cash Flows. On May 25, 2022, Hudson Global Resources (Singapore) Pte. Ltd. (“Singapore Borrower”), which the Company acquired on October 31, 2023 (see Note 6 to the Condensed Consolidated Financial Statements in Item 8), and the Hong Kong and Shanghai Banking Corporation Limited (“HSBC”), entered into an invoice finance credit facility agreement (the “HSBC Facility Agreement”). The HSBC Facility Agreement allows the Singapore Borrower to borrow funds up to a maximum of 1 million Singapore dollars, based on a percentage of eligible trade receivables. All receivables have a term of no more than 60 days, and any risk of loss is borne by the Singapore Borrower. The interest rate is calculated as the bank’s external cost of capital, plus a margin of 3.5% per annum. The HSBC Facility Agreement does not have a stated maturity date. As of March 31, 2024, there were no outstanding amounts under the HSBC Facility Agreement. The interest expense and fees incurred on the HSBC Facility Agreement amounted to $4 for the three months ended March 31, 2024. The HSBC Facility Agreement contains various restrictions and covenants for the Singapore Borrower including (1) minimum tangible net worth must be at least 1 million Singapore dollars (as defined in the HSBC Facility Agreement); and (2) additional periodic reporting requirements to HSBC. The Company was in compliance with all financial covenants under the HSBC Facility Agreement as of March 31, 2024.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS ’ EQUITY Common Stock On July 30, 2015, the Company announced that its Board authorized the repurchase of up to $10,000 of the Company ’ s common stock. On August 8, 2023, the Company’s Board of Directors authorized a new stock repurchase program for up to $5,000 of the Company’s outstanding shares of common stock. The Company has repurchased shares from time to time as market conditions warrant. This authorization does not expire. Under the new stock repurchase program, the Company intends to repurchase shares through open market purchases, privately negotiated transactions, block purchases, or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”). During the three months ended March 31, 2024 the Company repurchased 44,250 shares of its common stock on January 29, 2024 in connection with a transaction with a certain shareholder totaling $655 under this authorization. This excludes payment of tax withholdings. For the three months ended March 31, 2023, no repurchases of shares were made. As of March 31, 2024, under the July 30, 2015 and August 8, 2023 authorizations combined, the Company had repurchased an aggregate of 557,662 shares for a total cost of $11,042, completing the July 30, 2015 authorization and leaving $3,959 available for purchase under the August 8, 2023 authorization. The Company cannot predict when or if it will repurchase any shares of common stock as such stock repurchase program will depend on a number of factors, including constraints specified in any Rule 10b5-1 trading plans, price, general business and market conditions, and alternative investment opportunities. Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act. On October 15, 2018, the Company’s Board of Directors declared a dividend to the Company’s stockholders of record as of the close of business on October 25, 2018 (the “Record Date”), for each outstanding share of the Company’s common stock, of one right (a “Right”) to purchase one one-hundredth of a share of a new series of participating preferred stock of the Company. The terms of the Rights are set forth in the Rights Agreement, dated as of October 15, 2018 (as amended, the “Rights Agreement”), by and between the Company and Computershare Trust Company, N.A., as rights agent (the “Rights Agent”). The Company ’ s stockholders approved the Rights Agreement at the Company’s 2019 Annual Meeting of Stockholders held on May 6, 2019. On September 28, 2021, the Company and the Rights Agent entered into a First Amendment to Rights Agreement (the “Amendment”) that amended the Rights Agreement to extend its term through October 15, 2024. The amendment was approved by the Board on September 28, 2021, subject to stockholder approval, and the Company’s stockholders approved the Amendment at the Company’s 2022 Annual Meeting of Stockholders held on May 17, 2022. Each Right allows its holder to purchase from the Company one one-hundredth of a share of the Company’s Series B Junior Participating Preferred Stock (“Series B Preferred Stock”) for a purchase price of $3.50. Each fractional share of Series B Preferred Stock would give the stockholder approximately the same dividend, voting and liquidation rights as does one share of common stock. Prior to exercise, however, a Right does not give its holder any dividend, voting or liquidation rights. The Board entered into the Rights Agreement in an effort to preserve the value of the Company’s significant U.S. NOLs and other tax benefits. The Company’s ability to utilize its NOLs may be substantially limited if the Company experiences an “ownership change” within the meaning of Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). In general, an “ownership change” would occur if the percentage of the Company’s ownership by one or more “5-percent shareholders” (as defined in the Code) increases by more than 50 percent over the lowest percentage owned by such stockholders at any time during the prior three years. The Rights Agreement is designed to preserve the Company’s tax benefits by deterring transfers of common stock that could result in an “ownership change” under Section 382 of the Code. The Rights Agreement replaced the Company’s prior rights agreement designed to preserve the value of the Company’s NOLs, which was approved by stockholders in 2015 and expired in accordance with its terms in January 2018. The Company also has a provision in its Amended and Restated Certificate of Incorporation (the “Charter Provision”) which generally prohibits transfers of its common stock that could result in an ownership change. In general terms, the Rights Agreement imposes a significant penalty upon any person or group that acquires beneficial ownership (as defined under the Rights Agreement) of 4.99% or more of the outstanding common stock without the prior approval of the Board (an “Acquiring Person”). Any Rights held by an Acquiring Person are void and may not be exercised. The Rights will not be exercisable until the earlier of (i) 10 days after a public announcement by the Company that a person or group has become an Acquiring Person; and (ii) 10 business days (or a later date determined by the Board) after a person or group begins a tender or an exchange offer that, if completed, would result in that person or group becoming an Acquiring Person. Until the date that the Rights become exercisable (the “Distribution Date”), common stock certificates will also evidence the Rights and will contain a notation to that effect. Any transfer of shares of common stock prior to the Distribution Date will constitute a transfer of the associated Rights. After the Distribution Date, the Rights will separate from the common stock and be evidenced by Right certificates, which the Company will mail to all holders of Rights that have not become void. After the Distribution Date, if a person or group already is or becomes an Acquiring Person, all holders of Rights, except the Acquiring Person, may exercise their Rights upon payment of the purchase price to purchase shares of common stock (or other securities or assets as determined by the Board) with a market value of two times the purchase price (a “Flip-in Event”). After the Distribution Date, if a Flip-in Event has already occurred and the Company is acquired in a merger or similar transaction, all holders of Rights, except the Acquiring Person, may exercise their Rights upon payment of the purchase price, to purchase shares of the acquiring or other appropriate entity with a market value of two times the purchase price of the Rights. Rights may be exercised to purchase Series B Preferred Stock only after the Distribution Date occurs and prior to the occurrence of a Flip-in Event as described above. A Distribution Date resulting from the commencement of a tender offer or an exchange offer as described in the second bullet point above could precede the occurrence of a Flip-in Event, in which case the Rights could be exercised to purchase Series B Preferred Stock. A Distribution Date resulting from any occurrence described in the first bullet point above would necessarily follow the occurrence of a Flip-in Event, in which case the Rights could be exercised to purchase shares of common stock (or other securities or assets) as described above. The Rights will expire on the earliest of (i) October 15, 2024, or such earlier date as of which the Board determines that the Rights Agreement is no longer necessary for the preservation of the Company’s tax benefits, (ii) the time at which the Rights are redeemed, (iii) the time at which the Rights are exchanged, (iv) the effective time of the repeal of Section 382 of the Code if the Board determines that the Rights Agreement is no longer necessary for the preservation of the Company’s tax benefits, and (v) the first day of a taxable year to which the Board determines that no NOLs or other tax benefits may be carried forward. The Board may redeem all (but not less than all) of the Rights for a redemption price of $0.001 per Right at any time before the later of the Distribution Date and the date of the first public announcement or disclosure by the Company that a person or group has become an Acquiring Person. Once the Rights are redeemed, the right to exercise the Rights will terminate, and the only right of the holders of such Rights will be to receive the redemption price. The Board may adjust the purchase price of the Series B Preferred Stock, the number of shares of Series B Preferred Stock issuable and the number of outstanding Rights to prevent dilution that may occur as a result of certain events, including, among others, a stock dividend, a stock split or a reclassification of the Series B Preferred Stock or common stock. Before the time the Rights cease to be redeemable, the Board may amend or supplement the Rights Agreement without the consent of the holders of the Rights, except that no amendment may decrease the redemption price below $0.001 per Right.

SEGMENT AND GEOGRAPHIC DATA

SEGMENT AND GEOGRAPHIC DATA	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC DATA	SEGMENT AND GEOGRAPHIC DATA Segment Reporting The Company operates in three reportable segments: the Hudson regional businesses of Americas, Asia Pacific, and Europe. Corporate expenses are reported separately for the three reportable segments and pertain to certain functions, such as executive management, corporate governance, investor relations, legal, accounting, tax, and treasury. A portion of these expenses are attributed to the reportable segments for providing the above services to them, and have been allocated to the segments as management service expenses, and are included in the segments’ non-operating other income (expense). Segment information is presented in accordance with ASC 280, “ Segment Reporting. ” This standard is based on a management approach that requires segmentation based upon the Company’s internal organization and disclosure of revenue and certain expenses based upon internal accounting methods. The Company’s financial reporting systems present various data for management to run the business, including internal profit and loss statements prepared on a basis not consistent with U.S. GAAP. Accounts receivable and long-lived assets are the only significant asset separated by segment for internal reporting purposes. Americas Asia Pacific Europe Corporate Inter-Segment Elimination Total For The Three Months Ended March 31, 2024 Revenue, from external customers $ 5,994 $ 21,509 $ 6,388 $ — $ — $ 33,891 Inter-segment revenue 55 — — — (55) — Total revenue $ 6,049 $ 21,509 $ 6,388 $ — $ (55) $ 33,891 Adjusted net revenue, from external customers (a) $ 5,805 $ 6,546 $ 3,979 $ — $ — $ 16,330 Inter-segment adjusted net revenue 55 (47) (8) — — — Total adjusted net revenue $ 5,860 $ 6,499 $ 3,971 $ — $ — $ 16,330 EBITDA (loss) (b) $ (864) $ (601) $ 268 $ (1,485) $ — $ (2,682) Depreciation and amortization (349) (38) (7) (3) — (397) Intercompany dividend/interest (expense) income, net — (132) — 132 — — Interest income, net — 3 — 90 — 93 (Provision for) benefit from income taxes (15) 217 (86) (28) — 88 Net loss $ (1,228) $ (551) $ 175 $ (1,294) $ — $ (2,898) As of March 31, 2024 Accounts receivable, net $ 4,677 $ 11,654 $ 4,639 $ — $ — $ 20,970 Long-lived assets, net of accumulated depreciation and amortization (c) $ 7,423 $ 1,896 $ 26 $ 36 $ — $ 9,381 Total assets $ 16,223 $ 23,655 $ 11,424 $ 7,900 $ — $ 59,202 Americas Asia Pacific Europe Corporate Inter- Total For The Three Months Ended March 31, 2023 Revenue, from external customers $ 9,272 $ 27,276 $ 6,524 $ — $ — $ 43,072 Inter-segment revenue 9 — (24) — 15 — Total revenue $ 9,281 $ 27,276 $ 6,500 $ — $ 15 $ 43,072 Adjusted net revenue, from external customers (a) $ 8,922 $ 8,459 $ 4,383 $ — $ — $ 21,764 Inter-segment adjusted net revenue 9 20 (32) — 3 — Total adjusted net revenue $ 8,931 $ 8,479 $ 4,351 $ — $ 3 $ 21,764 EBITDA (loss) (b) $ (430) $ 1,434 $ 444 $ (949) $ — $ 499 Depreciation and amortization (311) (27) (7) (3) — (348) Intercompany (expense) interest income, net — (120) — 120 — — Interest (expense) income, net — 2 — 62 — 64 (Provision for) benefit from income taxes 228 (368) (114) 393 — 139 Net income (loss) $ (513) $ 921 $ 323 $ (377) $ — $ 354 As of December 31, 2023 Accounts receivable, net $ 5,502 $ 9,280 $ 4,928 $ — $ — $ 19,710 Long-lived assets, net of accumulated depreciation and amortization (c) $ 7,773 $ 1,954 $ 33 $ 38 $ — $ 9,798 Total assets $ 17,632 $ 23,604 $ 11,064 $ 8,658 $ — $ 60,958 (a) Adjusted net revenue is net of the Direct contracting costs and reimbursed expenses caption on the Condensed Consolidated Statements of Operations. Direct contracting costs and reimbursed expenses include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. The region where services are provided, the mix of RPO and contracting, and the functional nature of the staffing services provided can affect operating income and EBITDA. The salaries, commissions, payroll taxes, and employee benefits related to recruitment professionals are included under the caption “Salaries and related” in the Condensed Consolidated Statements of Operations. (b) SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company’s operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company’s profitability. (c) Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization. Geographic Data Reporting A summary of revenues for the three months ended March 31, 2024 and 2023 and net assets by geographic area as of March 31, 2024 and 2023 and as of December 31, 2023, were as follows: Australia United United Other Total For The Three Months Ended March 31, 2024 Revenue (a) $ 18,065 $ 5,915 $ 5,692 $ 4,219 $ 33,891 For The Three Months Ended March 31, 2023 Revenue (a) $ 24,372 $ 6,149 $ 8,670 $ 3,881 $ 43,072 As of March 31, 2024 Long-lived assets, net of accumulated depreciation and amortization (b) $ 40 $ 26 $ 7,459 $ 1,856 $ 9,381 Net assets $ 8,335 $ 4,829 $ 19,678 $ 11,461 $ 44,303 As of December 31, 2023 Long-lived assets, net of accumulated depreciation and amortization (b) $ 49 $ 33 $ 7,811 $ 1,905 $ 9,798 Net assets $ 9,634 $ 5,084 $ 22,585 $ 11,251 $ 48,554 (a) Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary. (b) Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.

STOCKHOLDER RIGHTS PLAN

STOCKHOLDER RIGHTS PLAN	3 Months Ended
	Mar. 31, 2024
Stockholder Rights Plan [Abstract]
Stockholders' Rights Plan	STOCKHOLDERS ’ EQUITY Common Stock On July 30, 2015, the Company announced that its Board authorized the repurchase of up to $10,000 of the Company ’ s common stock. On August 8, 2023, the Company’s Board of Directors authorized a new stock repurchase program for up to $5,000 of the Company’s outstanding shares of common stock. The Company has repurchased shares from time to time as market conditions warrant. This authorization does not expire. Under the new stock repurchase program, the Company intends to repurchase shares through open market purchases, privately negotiated transactions, block purchases, or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 of the Securities Exchange Act of 1934 (the “Exchange Act”). During the three months ended March 31, 2024 the Company repurchased 44,250 shares of its common stock on January 29, 2024 in connection with a transaction with a certain shareholder totaling $655 under this authorization. This excludes payment of tax withholdings. For the three months ended March 31, 2023, no repurchases of shares were made. As of March 31, 2024, under the July 30, 2015 and August 8, 2023 authorizations combined, the Company had repurchased an aggregate of 557,662 shares for a total cost of $11,042, completing the July 30, 2015 authorization and leaving $3,959 available for purchase under the August 8, 2023 authorization. The Company cannot predict when or if it will repurchase any shares of common stock as such stock repurchase program will depend on a number of factors, including constraints specified in any Rule 10b5-1 trading plans, price, general business and market conditions, and alternative investment opportunities. Information regarding share repurchases will be available in the Company’s periodic reports on Form 10-Q and 10-K filed with the Securities and Exchange Commission as required by the applicable rules of the Exchange Act. On October 15, 2018, the Company’s Board of Directors declared a dividend to the Company’s stockholders of record as of the close of business on October 25, 2018 (the “Record Date”), for each outstanding share of the Company’s common stock, of one right (a “Right”) to purchase one one-hundredth of a share of a new series of participating preferred stock of the Company. The terms of the Rights are set forth in the Rights Agreement, dated as of October 15, 2018 (as amended, the “Rights Agreement”), by and between the Company and Computershare Trust Company, N.A., as rights agent (the “Rights Agent”). The Company ’ s stockholders approved the Rights Agreement at the Company’s 2019 Annual Meeting of Stockholders held on May 6, 2019. On September 28, 2021, the Company and the Rights Agent entered into a First Amendment to Rights Agreement (the “Amendment”) that amended the Rights Agreement to extend its term through October 15, 2024. The amendment was approved by the Board on September 28, 2021, subject to stockholder approval, and the Company’s stockholders approved the Amendment at the Company’s 2022 Annual Meeting of Stockholders held on May 17, 2022. Each Right allows its holder to purchase from the Company one one-hundredth of a share of the Company’s Series B Junior Participating Preferred Stock (“Series B Preferred Stock”) for a purchase price of $3.50. Each fractional share of Series B Preferred Stock would give the stockholder approximately the same dividend, voting and liquidation rights as does one share of common stock. Prior to exercise, however, a Right does not give its holder any dividend, voting or liquidation rights. The Board entered into the Rights Agreement in an effort to preserve the value of the Company’s significant U.S. NOLs and other tax benefits. The Company’s ability to utilize its NOLs may be substantially limited if the Company experiences an “ownership change” within the meaning of Section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). In general, an “ownership change” would occur if the percentage of the Company’s ownership by one or more “5-percent shareholders” (as defined in the Code) increases by more than 50 percent over the lowest percentage owned by such stockholders at any time during the prior three years. The Rights Agreement is designed to preserve the Company’s tax benefits by deterring transfers of common stock that could result in an “ownership change” under Section 382 of the Code. The Rights Agreement replaced the Company’s prior rights agreement designed to preserve the value of the Company’s NOLs, which was approved by stockholders in 2015 and expired in accordance with its terms in January 2018. The Company also has a provision in its Amended and Restated Certificate of Incorporation (the “Charter Provision”) which generally prohibits transfers of its common stock that could result in an ownership change. In general terms, the Rights Agreement imposes a significant penalty upon any person or group that acquires beneficial ownership (as defined under the Rights Agreement) of 4.99% or more of the outstanding common stock without the prior approval of the Board (an “Acquiring Person”). Any Rights held by an Acquiring Person are void and may not be exercised. The Rights will not be exercisable until the earlier of (i) 10 days after a public announcement by the Company that a person or group has become an Acquiring Person; and (ii) 10 business days (or a later date determined by the Board) after a person or group begins a tender or an exchange offer that, if completed, would result in that person or group becoming an Acquiring Person. Until the date that the Rights become exercisable (the “Distribution Date”), common stock certificates will also evidence the Rights and will contain a notation to that effect. Any transfer of shares of common stock prior to the Distribution Date will constitute a transfer of the associated Rights. After the Distribution Date, the Rights will separate from the common stock and be evidenced by Right certificates, which the Company will mail to all holders of Rights that have not become void. After the Distribution Date, if a person or group already is or becomes an Acquiring Person, all holders of Rights, except the Acquiring Person, may exercise their Rights upon payment of the purchase price to purchase shares of common stock (or other securities or assets as determined by the Board) with a market value of two times the purchase price (a “Flip-in Event”). After the Distribution Date, if a Flip-in Event has already occurred and the Company is acquired in a merger or similar transaction, all holders of Rights, except the Acquiring Person, may exercise their Rights upon payment of the purchase price, to purchase shares of the acquiring or other appropriate entity with a market value of two times the purchase price of the Rights. Rights may be exercised to purchase Series B Preferred Stock only after the Distribution Date occurs and prior to the occurrence of a Flip-in Event as described above. A Distribution Date resulting from the commencement of a tender offer or an exchange offer as described in the second bullet point above could precede the occurrence of a Flip-in Event, in which case the Rights could be exercised to purchase Series B Preferred Stock. A Distribution Date resulting from any occurrence described in the first bullet point above would necessarily follow the occurrence of a Flip-in Event, in which case the Rights could be exercised to purchase shares of common stock (or other securities or assets) as described above. The Rights will expire on the earliest of (i) October 15, 2024, or such earlier date as of which the Board determines that the Rights Agreement is no longer necessary for the preservation of the Company’s tax benefits, (ii) the time at which the Rights are redeemed, (iii) the time at which the Rights are exchanged, (iv) the effective time of the repeal of Section 382 of the Code if the Board determines that the Rights Agreement is no longer necessary for the preservation of the Company’s tax benefits, and (v) the first day of a taxable year to which the Board determines that no NOLs or other tax benefits may be carried forward. The Board may redeem all (but not less than all) of the Rights for a redemption price of $0.001 per Right at any time before the later of the Distribution Date and the date of the first public announcement or disclosure by the Company that a person or group has become an Acquiring Person. Once the Rights are redeemed, the right to exercise the Rights will terminate, and the only right of the holders of such Rights will be to receive the redemption price. The Board may adjust the purchase price of the Series B Preferred Stock, the number of shares of Series B Preferred Stock issuable and the number of outstanding Rights to prevent dilution that may occur as a result of certain events, including, among others, a stock dividend, a stock split or a reclassification of the Series B Preferred Stock or common stock. Before the time the Rights cease to be redeemable, the Board may amend or supplement the Rights Agreement without the consent of the holders of the Rights, except that no amendment may decrease the redemption price below $0.001 per Right.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENT On April 15, 2024, the Company announced that it is entering into a strategic agreement with Striver, a Dubai-based executive search organization. This agreement will allow the Company to partner with new and existing clients for their senior talent acquisition needs in the Middle East region. The Company has not yet completed the accounting for this agreement.

Equity

Equity	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Shelf Registration statement	SHELF REGISTRATION STATEMENT On June 30, 2022, the Company filed a shelf registration on Form S-3 with the SEC. Under the Form S-3, the Company may offer, issue and sell, from time to time, in one or more offerings and series, together or separately, shares of its common stock, shares of preferred stock, debt securities, subscription rights, purchase contracts, or units, which together shall have an aggregate initial offering price not to exceed $100,000,000. The registration statement was declared effective by the SEC on July 26, 2022. As of March 31, 2024, no securities had been offered or issued under the registration statement.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net (loss) income	$ (2,898)	$ 354

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Comprehensive Text Block List (

Comprehensive Text Block List (Policies)	3 Months Ended
	Mar. 31, 2024
Text Block [Abstract]
Adoption of New Accounting Pronouncements	Adoption of New Accounting Pronouncements On January 1, 2023, the Company adopted Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments”. This update was issued by the Financial Accounting Standards Board (the “FASB”) in June 2016. This standard requires an impairment model (known as the current expected credit loss (“CECL”) model) and replaces the methodology that recognizes impairment of financial instruments when losses have been incurred with a methodology that recognizes impairment of financial instruments when losses are expected. The new standard requires entities to use a forward-looking “expected loss” model for most financial instruments, including accounts receivable and unbilled services that is based on historical information, current information, and reasonable and supportable forecasts. As a result of adopting the new standard, the Company recognized a cumulative increase to allowances for accounts receivable and unbilled services and a reduction to the 2023 opening balance of retained earnings of $51. Comparative periods prior to the adoption of this standard and their respective disclosures have not been adjusted. The adoption of ASU 2016-13 did not have a material impact on the Company’s Condensed Consolidated Financial Statements.

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	3 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents our disaggregated revenues by revenue source. For additional information on the revenues by geographical segment, see Note 14 to the Condensed Consolidated Financial Statements. Three Months Ended 2024 2023 RPO $ 15,838 $ 21,521 Contracting 18,053 21,551 Total Revenue $ 33,891 $ 43,072

ACCOUNT RECEIVABLE, NET (Tables

ACCOUNT RECEIVABLE, NET (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Accounts Receivable, Allowance for Credit Loss	The following table summarizes the components of “Accounts receivable, net” as presented on the Condensed Consolidated Balance Sheets: March 31, December 31, Accounts Receivable: 2024 2023 Billed receivables $ 14,731 $ 14,925 Unbilled receivables 6,606 5,163 Accounts Receivable, Gross $ 21,337 $ 20,088 Allowance for expected credit losses (367) (378) Accounts Receivable, Net $ 20,970 $ 19,710 The following table summarizes the total provision for expected credit losses and write-offs: Three Months Ended 2024 2023 Beginning balance $ 378 $ 51 Provision for expected credit losses (8) — Write-offs (3) — Cumulative-effect adjustment from adoption of ASU 2016-13, Credit Losses — 51 Ending Balance $ 367 $ 102

ACQUISITION (Tables)

ACQUISITION (Tables)	3 Months Ended
	Mar. 31, 2024
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	Below is a summary of the fair value of the net assets acquired on the acquisition date based on external valuations at the date of the Singapore Acquisition. Fair Value Assets Acquired: Cash and cash equivalents $ 491 Accounts receivable 753 Prepaid expenses and other assets 88 Property and equipment 9 Operating lease right-of-use assets 32 Deferred tax assets 766 Intangible assets 212 Goodwill 847 Assets Acquired $ 3,198 Liabilities Assumed: Accrued expenses and other current liabilities $ 580 Other long-term liabilities 44 Liabilities Assumed $ 624 Fair value of consideration transferred $ 2,574 Below is a summary of the fair value of the net assets acquired on the acquisition date based on internal valuations at the date of the HnB Acquisition. Fair Value Assets Acquired: Cash and cash equivalents $ 314 Accounts receivable 80 Prepaid expenses and other assets 77 Property and equipment 35 Intangible assets 150 Goodwill 687 Assets Acquired $ 1,343 Liabilities Assumed: Accrued expenses and other current liabilities $ 20 Other long-term liabilities 63 Liabilities Assumed $ 83 Fair value of consideration transferred $ 1,260
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives on the date of the Singapore Acquisition. Fair Value Useful Life Non-compete agreements $ 28 5 years Customer lists 97 4 years Trade name 87 5 years Total identifiable assets $ 212 Fair Value Useful Life Non-compete agreements $ 40 3 years Customer lists 60 3 years Trade name 50 5 years Total identifiable assets $ 150

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Restricted stock unit, vesting information	A summary of the quantity and vesting conditions for stock-based units granted to the Company ’ s employees for the three months ended March 31, 2024 was as follows: Vesting conditions Number of Restricted Stock Units Granted Performance and service conditions - Type 1 (1) (2) 10,439 Performance and service conditions - Type 2 (1) (2) 32,708 Service conditions only - Type 1 (2) 1,250 Total shares of stock award granted 44,397 (1) The performance conditions with respect to restricted stock units may be satisfied as follows: (a) For grants to Corporate office employees subject to 2024 performance conditions, 100% of the restricted stock units may be earned on the basis of performance as measured by a “group adjusted EBITDA”. (2) To the extent restricted stock units are earned, such restricted stock units will vest on the basis of service as follows: (a) 33% and 66.6% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the first anniversary of the grant date; (b) 33% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the second anniversary of the grant date; and (c) 34% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.
Schedule of stock-based compensation expense	For the three months ended March 31, 2024 and 2023, the Company’s stock-based compensation expense related to restricted stock units and restricted shares of common stock were as follows: Three Months Ended 2024 2023 Restricted shares of common stock $ — $ 16 Restricted stock units 378 457 Total $ 378 $ 473
Changes in restricted stock units and shares	Changes in the Company’s restricted stock units for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended March 31, 2024 Performance-based Time-based/Director Total Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Unvested restricted stock units at January 1, 2024 95,264 $ 23.49 80,422 $ 16.50 175,686 $ 20.29 Granted 43,147 $ 14.37 3,483 $ 16.54 46,630 $ 14.53 Shares earned above target (a) — $ — — $ — — $ — Vested (43,781) $ 17.21 (6,993) $ 15.55 (50,774) $ 16.98 Forfeited (28,841) $ 22.27 — $ — (28,841) $ 22.27 Unvested restricted stock units at March 31, 2024 65,789 $ 22.23 76,912 $ 16.59 142,701 $ 19.19 (a) The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date. (a) The number of shares earned above target are based on the performance targets established by the Compensation Committee at the initial grant date. Three Months Ended March 31, 2023 Performance-based Time-based/Director Total Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Number of Shares of Restricted Stock Units Weighted Average Grant-Date Fair Value Unvested restricted stock units at January 1, 2023 130,186 $ 23.56 33,390 $ 20.31 163,576 $ 22.89 Granted 28,841 $ 22.27 — $ — 28,841 $ 22.27 Shares earned above target (a) 3,940 $ 35.72 — $ — 3,940 $ 35.72 Vested (49,026) $ 18.82 (7,260) $ 14.54 (56,286) $ 18.27 Forfeited (8,228) $ 34.69 (850) $ 14.54 (9,078) $ 32.80 Unvested restricted stock units at March 31, 2023 105,713 $ 24.99 25,280 $ 22.16 130,993 $ 24.44 (a) The number of shares earned above target are based on the performance targets established by the Compensation Committee at the initial grant date. (a) The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date. Changes in the Company’s restricted shares of common stock for the three months ended March 31, 2023, were as follows: Three Months Ended 2023 Number of Weighted Unvested restricted shares of common stock at January 1 17,410 $ 9.57 Vested — $ — Unvested restricted shares of common stock at March 31, 17,410 $ 9.57

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of earnings per share, basic and diluted	A reconciliation of the numerators and denominators of the basic and diluted earnings (loss) per share calculations for the three months ended March 31, 2024 and 2023 were as follows: Three Months Ended 2024 2023 Earnings (loss) per share (“EPS”): Basic $ (0.95) $ 0.12 Diluted $ (0.95) $ 0.11 EPS numerator - basic and diluted: Net (loss) income $ (2,898) $ 354 EPS denominator (in thousands): Weighted average common stock outstanding - basic 3,041 3,033 Common stock equivalents: restricted stock units and restricted shares of common stock — (a) 89 Weighted average number of common stock outstanding - diluted 3,041 3,122 (a) The diluted weighted average number of shares of common stock outstanding did not differ from the basic weighted average number of shares of common stock outstanding because the effects of any potential common stock equivalents (see Note 7 to the Condensed Consolidated Financial Statements for further details on unvested restricted stock units) were anti-dilutive and therefore not included in the calculation of the denominator of dilutive earnings per share.
Schedule of antidilutive securities excluded from computation of earnings per share	The weighted average number of shares outstanding used in the computation of diluted net earnings (loss) per share for the three months ended March 31, 2024 and 2023 did not include the effect of the following potentially outstanding shares of common stock because the effect would have been anti-dilutive: Three Months Ended 2024 2023 Unvested restricted stock units — 1,000 Total — 1,000

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	For the three months ended March 31, 2024 and the twelve months ended December 31, 2023, the changes in carrying amount of goodwill were as follows: Carrying Value 2024 Goodwill, January 1, $ 5,749 Acquisition — Currency translation (21) Goodwill, March 31, 2024 $ 5,728 Carrying Value 2023 Goodwill, January 1, $ 4,875 Acquisition 847 Currency translation 27 Goodwill, December 31, 2023 $ 5,749
Schedule of Finite-Lived Intangible Assets	March 31, 2024 Weighted Average Remaining Amortization Useful Lives Gross Carrying Accumulated Net Carrying Non-compete agreements 3.2 $ 146 $ (102) $ 44 Trade name 6.6 1,636 (567) 1,069 Customer lists 3.3 3,955 (1,866) 2,089 Developed technology 0.8 657 (523) 134 $ 6,394 $ (3,058) $ 3,336 December 31, 2023 Weighted Average Remaining Amortization Useful Lives Gross Carrying Accumulated Net Carrying Non-compete agreements 3.4 $ 147 $ (98) $ 49 Trade name 6.7 1,638 (515) 1,123 Customer lists 3.5 3,957 (1,690) 2,267 Developed technology 0.9 657 (468) 189 $ 6,399 $ (2,771) $ 3,628
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated future amortization expense for intangible assets for the remainder of the fiscal year ending December 31, 2024, and for each of the next fiscal years are as follows: 2024 $ 838 2025 870 2026 634 2027 549 2028 129 Thereafter 316 $ 3,336
Schedule of Amortization Intangible Assets	The change in the book value of amortizable intangible assets is as follows: January 1, 2024 Beginning Balance Acquisition Amortization Translation and Other March 31, 2024 Ending Balance Non-compete agreements $ 49 $ — $ (5) $ — $ 44 Trade name 1,123 — (53) (1) 1,069 Customer lists 2,267 — (174) (4) 2,089 Developed technology 189 — (55) — 134 $ 3,628 $ — $ (287) $ (5) $ 3,336

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Lessee, Operating Lease, Liability, Maturity	As of March 31, 2024, future minimum operating lease payments are as follows: 2024 2025 2026 2027 Total Minimum lease payments $ 583 $ 562 $ 92 $ 8 $ 1,245

SEGMENT AND GEOGRAPHIC DATA (Ta

SEGMENT AND GEOGRAPHIC DATA (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of segment reporting information	Americas Asia Pacific Europe Corporate Inter-Segment Elimination Total For The Three Months Ended March 31, 2024 Revenue, from external customers $ 5,994 $ 21,509 $ 6,388 $ — $ — $ 33,891 Inter-segment revenue 55 — — — (55) — Total revenue $ 6,049 $ 21,509 $ 6,388 $ — $ (55) $ 33,891 Adjusted net revenue, from external customers (a) $ 5,805 $ 6,546 $ 3,979 $ — $ — $ 16,330 Inter-segment adjusted net revenue 55 (47) (8) — — — Total adjusted net revenue $ 5,860 $ 6,499 $ 3,971 $ — $ — $ 16,330 EBITDA (loss) (b) $ (864) $ (601) $ 268 $ (1,485) $ — $ (2,682) Depreciation and amortization (349) (38) (7) (3) — (397) Intercompany dividend/interest (expense) income, net — (132) — 132 — — Interest income, net — 3 — 90 — 93 (Provision for) benefit from income taxes (15) 217 (86) (28) — 88 Net loss $ (1,228) $ (551) $ 175 $ (1,294) $ — $ (2,898) As of March 31, 2024 Accounts receivable, net $ 4,677 $ 11,654 $ 4,639 $ — $ — $ 20,970 Long-lived assets, net of accumulated depreciation and amortization (c) $ 7,423 $ 1,896 $ 26 $ 36 $ — $ 9,381 Total assets $ 16,223 $ 23,655 $ 11,424 $ 7,900 $ — $ 59,202 Americas Asia Pacific Europe Corporate Inter- Total For The Three Months Ended March 31, 2023 Revenue, from external customers $ 9,272 $ 27,276 $ 6,524 $ — $ — $ 43,072 Inter-segment revenue 9 — (24) — 15 — Total revenue $ 9,281 $ 27,276 $ 6,500 $ — $ 15 $ 43,072 Adjusted net revenue, from external customers (a) $ 8,922 $ 8,459 $ 4,383 $ — $ — $ 21,764 Inter-segment adjusted net revenue 9 20 (32) — 3 — Total adjusted net revenue $ 8,931 $ 8,479 $ 4,351 $ — $ 3 $ 21,764 EBITDA (loss) (b) $ (430) $ 1,434 $ 444 $ (949) $ — $ 499 Depreciation and amortization (311) (27) (7) (3) — (348) Intercompany (expense) interest income, net — (120) — 120 — — Interest (expense) income, net — 2 — 62 — 64 (Provision for) benefit from income taxes 228 (368) (114) 393 — 139 Net income (loss) $ (513) $ 921 $ 323 $ (377) $ — $ 354 As of December 31, 2023 Accounts receivable, net $ 5,502 $ 9,280 $ 4,928 $ — $ — $ 19,710 Long-lived assets, net of accumulated depreciation and amortization (c) $ 7,773 $ 1,954 $ 33 $ 38 $ — $ 9,798 Total assets $ 17,632 $ 23,604 $ 11,064 $ 8,658 $ — $ 60,958 (a) Adjusted net revenue is net of the Direct contracting costs and reimbursed expenses caption on the Condensed Consolidated Statements of Operations. Direct contracting costs and reimbursed expenses include the direct staffing costs of salaries, payroll taxes, employee benefits, travel expenses, and insurance costs for the Company’s contractors and reimbursed out-of-pocket expenses and other direct costs. The region where services are provided, the mix of RPO and contracting, and the functional nature of the staffing services provided can affect operating income and EBITDA. The salaries, commissions, payroll taxes, and employee benefits related to recruitment professionals are included under the caption “Salaries and related” in the Condensed Consolidated Statements of Operations. (b) SEC Regulation S-K Item 229.10(e)1(ii)(A) defines EBITDA as earnings before interest, taxes, depreciation and amortization. EBITDA is presented to provide additional information to investors about the Company’s operations on a basis consistent with the measures that the Company uses to manage its operations and evaluate its performance. Management also uses this measurement to evaluate working capital requirements. EBITDA should not be considered in isolation or as a substitute for operating income and net income prepared in accordance with U.S. GAAP or as a measure of the Company’s profitability. (c) Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.
Revenue and long-lived assets by geographic area	A summary of revenues for the three months ended March 31, 2024 and 2023 and net assets by geographic area as of March 31, 2024 and 2023 and as of December 31, 2023, were as follows: Australia United United Other Total For The Three Months Ended March 31, 2024 Revenue (a) $ 18,065 $ 5,915 $ 5,692 $ 4,219 $ 33,891 For The Three Months Ended March 31, 2023 Revenue (a) $ 24,372 $ 6,149 $ 8,670 $ 3,881 $ 43,072 As of March 31, 2024 Long-lived assets, net of accumulated depreciation and amortization (b) $ 40 $ 26 $ 7,459 $ 1,856 $ 9,381 Net assets $ 8,335 $ 4,829 $ 19,678 $ 11,461 $ 44,303 As of December 31, 2023 Long-lived assets, net of accumulated depreciation and amortization (b) $ 49 $ 33 $ 7,811 $ 1,905 $ 9,798 Net assets $ 9,634 $ 5,084 $ 22,585 $ 11,251 $ 48,554 (a) Revenue by geographic region disclosed above is net of any inter-segment revenue and, therefore, represents only revenue from external customers according to the location of the operating subsidiary. (b) Comprised of property and equipment, intangible assets and goodwill, net of accumulated depreciation and amortization.

DESCRIPTION OF BUSINESS (Detail

DESCRIPTION OF BUSINESS (Details)	3 Months Ended
	Mar. 31, 2024 segments Country	Mar. 31, 2024 Country Segment
Description of Business [Abstract]
Number of countries in which entity operates	14	14
Number of reportable segments	3	3

ACCOUNTING PRONOUNCEMENTS (Deta

ACCOUNTING PRONOUNCEMENTS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Jan. 01, 2023
Accounting Policies [Abstract]
Accumulated deficit	$ 428,145	$ 425,247	$ 51

REVENUE RECOGNITION - Narrative

REVENUE RECOGNITION - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue	$ 33,891	$ 43,072
Deferred revenue	162		$ 96
Direct contracting costs and reimbursed expenses	$ 17,561	$ 21,308

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 33,891	$ 43,072
RPO Recruitment
Disaggregation of Revenue [Line Items]
Revenue	15,838	21,521
Contracting
Disaggregation of Revenue [Line Items]
Revenue	$ 18,053	$ 21,551

ACCOUNT RECEIVABLE, NET - Narra

ACCOUNT RECEIVABLE, NET - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Unbilled receivables	$ 6,606	$ 5,163

ACCOUNT RECEIVABLE, NET - Compo

ACCOUNT RECEIVABLE, NET - Components of Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Receivables [Abstract]
Billed receivables	$ 14,731	$ 14,925
Unbilled receivables	6,606	5,163
Accounts Receivable, Gross	21,337	20,088
Allowance for expected credit losses	(367)	(378)	$ (102)	$ (51)
Accounts Receivable, Net	$ 20,970	$ 19,710

ACCOUNT RECEIVABLE, NET - Sched

ACCOUNT RECEIVABLE, NET - Schedule of Provision (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	$ 378	$ 51
Provision for expected credit losses	(8)	0
Write-offs	(3)	0
Ending Balance	367	102
Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Beginning balance	$ 0	$ 51

ACQUISITION - Narrative (Detail

ACQUISITION - Narrative (Details) - USD ($)			3 Months Ended
	Oct. 31, 2023	Aug. 19, 2022	Mar. 31, 2024	Mar. 31, 2023
Business Acquisition [Line Items]
Revenue			$ 33,891,000	$ 43,072,000
Stock-based compensation			378,000	473,000
Salaries and related			$ 15,166,000	17,478,000
ACQUISITION			ACQUISITIONS Hudson Global Resources (Singapore) Pte. Ltd. On October 31, 2023, the Company entered into a share purchase agreement by and among Hudson RPO Limited, a wholly owned subsidiary of the Company (“Buyer”), and Hudson Global Resources (Australia) Pty Limited (“Seller”), and completed the acquisition by Hudson RPO Limited of all of the shares of Hudson Global Resources (Singapore) Pte. Ltd. (“Singapore Acquisition”). Hudson Singapore is a provider of recruitment services primarily to clients operating in Singapore, with a 30-year track record of senior placements and project recruitment work across Southeast Asia including Singapore, Malaysia, the Philippines, Vietnam, Thailand, and Indonesia. In connection with the Singapore Acquisition, Seller received $2,546 in cash, subject to certain adjustments, at the closing of the Singapore Acquisition. Additionally, Seller has a contingent right to receive earn-out payments not to exceed approximately $317 , based upon the achievement of certain performance thresholds and subject to the satisfaction of certain conditions. The Singapore Acquisition was accounted for as a business combination under the acquisition method of accounting. The purchase price of $2,574 , consisted of the amount paid in cash of $2,546 and a working capital adjustment of $28. P otential contingent earn-out payments of up to approximately $317 were excluded from the purchase price as the associated revenue milestones were not achieved by the seller through December 2023. No fair value was assigned to the earn-out as the performance thresholds were not achieved. The purchase price, which included $491 of cash and cash equivalents acquired, was allocated to the net tangible and intangible assets and liabilities based on their fair values on the acquisition date of October 31, 2023, with the excess recorded as goodwill. None of the goodwill is expected to be deductible for tax purposes. The Company’s goodwill represents the expected profit growth over time that is attributable to expanding our footprint and market share in Singapore and Southeast Asia. The values assigned to the assets acquired and liabilities assumed are based on the fair value available and may be adjusted during the measurement period of up to 12 months from the date of acquisition as further information becomes available. Any changes in the fair values of the assets acquired and liabilities assumed during the measurement period may result in adjustments to goodwill. The Company incurred transaction costs related to the Singapore Acquisition of $13 that were expensed as part of “Office and general”. The Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 included revenue of $867 and a net loss of $159 from Hudson Singapore. Below is a summary of the fair value of the net assets acquired on the acquisition date based on external valuations at the date of the Singapore Acquisition. Fair Value Assets Acquired: Cash and cash equivalents $ 491 Accounts receivable 753 Prepaid expenses and other assets 88 Property and equipment 9 Operating lease right-of-use assets 32 Deferred tax assets 766 Intangible assets 212 Goodwill 847 Assets Acquired $ 3,198 Liabilities Assumed: Accrued expenses and other current liabilities $ 580 Other long-term liabilities 44 Liabilities Assumed $ 624 Fair value of consideration transferred $ 2,574 Intangible assets are amortized on a straight-line basis over their estimated useful lives. The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives on the date of the Singapore Acquisition. Fair Value Useful Life Non-compete agreements $ 28 5 years Customer lists 97 4 years Trade name 87 5 years Total identifiable assets $ 212 Hunt & Badge Consulting Private Limited On August 19, 2022, the Company entered into a share purchase agreement by and among Hudson RPO Limited, a wholly owned subsidiary of the Company (“HnB Buyer”), Hunt & Badge Consulting Private Limited (“Seller” or “HnB”), and certain principals of HnB, and completed the acquisition by HnB Buyer of all of the membership interests of the Seller (the “HnB Acquisition”). HnB is a provider of recruitment services to customers operating in India. HnB partners with companies of all sizes, including well-known multinationals, across a variety of industries to help meet their talent procurement needs. In connection with the HnB Acquisition, Seller received $1,064 in cash, subject to certain adjustments, at the closing of the HnB Acquisition. Additionally, Seller has a contingent right to receive earn-out payments not to exceed $350 in aggregate payable over an eighteen-month period, subject to the achievement of certain performance thresholds and, the satisfaction of certain conditions. The HnB Acquisition was accounted for as a business combination under the acquisition method of accounting. The purchase price of $1,260, which consists of the amount paid in cash of $1,064, a working capital adjustment of $46, net of an owner receivable of $28, and contingent earn-out payments of up to $350 (which such earn-out payments are contingent upon the achievement of certain revenue milestones through December 2023), was allocated to the net tangible and intangible assets and liabilities based on their fair values on the acquisition date of August 19, 2022, with the excess recorded as goodwill. None of the goodwill is expected to be deductible for tax purposes. The Company’s goodwill represents the expected profit growth over time that is attributable to expanding our footprint and market share in India. The purchase price included $314 of cash and cash equivalents acquired. As of March 31, 2024, the estimated fair value for the contingent earn-out payments that the Company classified as Level 3 in the fair value hierarchy was $150, which is the agreed upon minimum payment. These fair value estimates are based on significant inputs not observed in the market and reflect our own assumptions (forecasted revenue) through December 31, 2023. In determining the fair value of the contingent consideration liability, the Company used an estimate based on a number of possible projections over the earn-out period. Given the short duration of the earn-out period, the fair value of contingent liability was measured on an undiscounted basis. The Company will continue to reassess the fair value of the acquisition-related contingent consideration at each reporting period based on additional information as it becomes available. This contingent consideration will be remeasured quarterly. If, as a result of remeasurement, the value of the contingent consideration changes, any charges or income will be marked to market and included in “Other income (expense), net” on the Company’s Condensed Consolidated Statements of Operations. For the three months ended March 31, 2024, no gains or losses were recognized in earnings for changes in the remeasurement of the contingent consideration. The values assigned to the assets acquired and liabilities assumed are based on the fair value available and may be adjusted during the measurement period of up to 12 months from the date of acquisition as further information becomes available. Excluding the contingent consideration, any changes in the fair values of the assets acquired and liabilities assumed during the measurement period may result in adjustments to goodwill. The Company incurred transaction costs related to the HnB Acquisition of $63 that were expensed as part of “Office and general”. The Company’s accounting for the business combination was completed as of December 31, 2022. The Company’s Condensed Consolidated Statements of Operations for the three months ended March 31, 2024 included revenue of $11 and net loss of $28, from HnB. Below is a summary of the fair value of the net assets acquired on the acquisition date based on internal valuations at the date of the HnB Acquisition. Fair Value Assets Acquired: Cash and cash equivalents $ 314 Accounts receivable 80 Prepaid expenses and other assets 77 Property and equipment 35 Intangible assets 150 Goodwill 687 Assets Acquired $ 1,343 Liabilities Assumed: Accrued expenses and other current liabilities $ 20 Other long-term liabilities 63 Liabilities Assumed $ 83 Fair value of consideration transferred $ 1,260 Intangible assets are amortized on a straight-line basis over their estimated useful lives. The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives on the date of the HnB Acquisition. Fair Value Useful Life Non-compete agreements $ 40 3 years Customer lists 60 3 years Trade name 50 5 years Total identifiable assets $ 150
Restricted common stock
Business Acquisition [Line Items]
Stock-based compensation			$ 0	16,000
HnB Acquisition
Business Acquisition [Line Items]
Payments to acquire businesses		$ 1,064,000
Contingent consideration payable		350,000
Consideration transferred		1,260,000
Business combination, preliminary working capital adjustment		46,000
Cash and cash equivalents		314,000
Acquired owner receivable		28,000
Goodwill, expected tax deductible amount		0
Transaction costs		63,000
Revenue since acquisition date			11,000
Earnings (loss) since acquisition date			(28,000)
Fair value of assets acquired and consideration transferred		$ 1,260,000
Contingent consideration, payable period		18 months
HnB Acquisition | Fair Value, Inputs, Level 3
Business Acquisition [Line Items]
Contingent consideration payable			150,000
Singapore Acquisition
Business Acquisition [Line Items]
Payments to acquire businesses	$ 2,546,000
Contingent consideration payable	317,000
Consideration transferred	2,574,000
Business combination, preliminary working capital adjustment	28,000
Cash and cash equivalents	491,000
Revenue			$ 867,000	$ (159,000)
Goodwill, expected tax deductible amount	0
Transaction costs	13,000
Fair value of assets acquired and consideration transferred	$ 2,574,000

ACQUISITION - Assets Acquired a

ACQUISITION - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Oct. 31, 2023	Dec. 31, 2022	Aug. 19, 2022
Business Acquisition [Line Items]
Goodwill	$ 5,728	$ 5,749		$ 4,875
HnB Acquisition
Business Acquisition [Line Items]
Cash and cash equivalents					$ 314
Accounts receivable					80
Prepaid expenses and other assets					77
Property and equipment					35
Intangible assets					150
Goodwill					687
Assets Acquired					1,343
Accrued expenses and other current liabilities					20
Other long-term liabilities					63
Liabilities Assumed					83
Fair value of consideration transferred					$ 1,260
Singapore Acquisition
Business Acquisition [Line Items]
Cash and cash equivalents			$ 491
Accounts receivable			753
Prepaid expenses and other assets			88
Property and equipment			9
Operating lease right-of-use assets			32
Deferred tax assets			766
Intangible assets			212
Goodwill			847
Assets Acquired			3,198
Accrued expenses and other current liabilities			580
Other long-term liabilities			44
Liabilities Assumed			624
Fair value of consideration transferred			$ 2,574

ACQUISITION - Intangible Assets

ACQUISITION - Intangible Assets Acquired (Details) - USD ($) $ in Thousands	Oct. 31, 2023	Aug. 19, 2022
HnB Acquisition
Business Acquisition [Line Items]
Intangible assets acquired		$ 150
Singapore Acquisition
Business Acquisition [Line Items]
Intangible assets acquired	$ 212
Non-compete agreements | HnB Acquisition
Business Acquisition [Line Items]
Intangible assets acquired		$ 40
Useful Life		3 years
Non-compete agreements | Singapore Acquisition
Business Acquisition [Line Items]
Intangible assets acquired	$ 28
Useful Life	5 years
Customer lists | HnB Acquisition
Business Acquisition [Line Items]
Intangible assets acquired		$ 60
Useful Life		3 years
Customer lists | Singapore Acquisition
Business Acquisition [Line Items]
Intangible assets acquired	$ 97
Useful Life	4 years
Trade name | HnB Acquisition
Business Acquisition [Line Items]
Intangible assets acquired		$ 50
Useful Life		5 years
Trade name | Singapore Acquisition
Business Acquisition [Line Items]
Intangible assets acquired	$ 87
Useful Life	5 years

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	May 17, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock, capital shares reserved for future issuance			250,000
Common stock reserved for issuance to participants	144,584
Granted, Number of share of restricted stock (shares)	44,397
Granted, weighted average grant date fair value (usd per share)	$ 14.53	$ 22.27
Stock-based compensation	$ 378	$ 473
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	46,630	28,841
Total compensation cost not yet recognized	$ 1,645
Weighted average service period	9 months 18 days
Stock-based compensation	$ 378	$ 457
Restricted stock units, type 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	10,439
Restricted stock units, type 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	32,708
Restricted stock units, type 2 | Vesting period two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)		28,841
Restricted common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 0	$ 16
Discretionary Time-Vested Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	1,250
Restricted stock units, type 1 and 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	43,147
Non-Employee Director | Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	2,233
Number outstanding	216,099

STOCK-BASED COMPENSATION - Stoc

STOCK-BASED COMPENSATION - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 378	$ 473
Restricted common stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	0	16
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 378	$ 457

STOCK-BASED COMPENSATION - Vest

STOCK-BASED COMPENSATION - Vesting Conditions (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	44,397
Restricted stock units, type 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	10,439
Restricted stock units, type 1 | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	33%
Restricted stock units, type 1 | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	33%
Restricted stock units, type 1 | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	34%
Restricted stock units, type 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	32,708
Restricted stock units, type 2 | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	66.60%
Restricted stock units, type 2 | Second Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)		28,841
Vesting rights, percentage	16.70%
Restricted stock units, type 2 | Third Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rights, percentage	16.70%
Restricted stock units, type 1 and 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	43,147
Restricted stock units, time
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, Number of share of restricted stock (shares)	1,250

STOCK-BASED COMPENSATION - Rest

STOCK-BASED COMPENSATION - Restricted Stock Units and Shares (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 19.19	$ 24.44	$ 20.29	$ 22.89
Granted, Number of share of restricted stock (shares)	44,397
Granted, weighted average grant date fair value (usd per share)	$ 14.53	22.27
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Above Target, Weighted Average Grant Date Fair Value	0	35.72
Vested, weighted average grant date fair value (usd per share)	16.98	18.27
Forfeited, weighted average grant date fair value (usd per share)	$ 22.27	$ 32.80
Performance-based
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	65,789	105,713	95,264	130,186
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 22.23	$ 24.99	$ 23.49	$ 23.56
Granted, Number of share of restricted stock (shares)	43,147	28,841
Granted, weighted average grant date fair value (usd per share)	$ 14.37	$ 22.27
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Above Target	$ 0	$ 3,940
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Above Target, Weighted Average Grant Date Fair Value	$ 0	$ 35.72
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(43,781)	(49,026)
Vested, weighted average grant date fair value (usd per share)	$ 17.21	$ 18.82
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(28,841)	(8,228)
Forfeited, weighted average grant date fair value (usd per share)	$ 22.27	$ 34.69
Time-based/Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	76,912	25,280	80,422	33,390
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 16.59	$ 22.16	$ 16.50	$ 20.31
Granted, Number of share of restricted stock (shares)	3,483	0
Granted, weighted average grant date fair value (usd per share)	$ 16.54	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Above Target	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Above Target, Weighted Average Grant Date Fair Value	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(6,993)	(7,260)
Vested, weighted average grant date fair value (usd per share)	$ 15.55	$ 14.54
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	0	(850)
Forfeited, weighted average grant date fair value (usd per share)	$ 0	$ 14.54
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	142,701	130,993	175,686	163,576
Granted, Number of share of restricted stock (shares)	46,630	28,841
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period Above Target	$ 0	$ 3,940
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	(50,774)	(56,286)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period	(28,841)	(9,078)
Restricted stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		17,410		17,410
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 9.57		$ 9.57
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period		0
Vested, weighted average grant date fair value (usd per share)		$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Income Tax Examination [Line Items]
Benefit from income taxes	$ (88)	$ (139)
Pre-tax income (loss)	$ (2,986)	$ 215
Effective income tax rate	3%	(65.00%)
U.S. Federal statutory rate	21%
Unrecognized tax benefits	$ 60
Income tax penalties and interest accrued	28		$ 27
Possible decrease of unrecognized tax benefits	$ 0
Tax Authority, Spain
Income Tax Examination [Line Items]
Benefit from income taxes		$ (408)

EARNINGS (LOSS) PER SHARE - Com

EARNINGS (LOSS) PER SHARE - Computation of Basic and Diluted Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ (0.95)	$ 0.12
Diluted (in dollars per share)	$ (0.95)	$ 0.11
Net (loss) income	$ (2,898)	$ 354
Basic (in shares)	3,041	3,033
Common stock equivalents: stock options and restricted stock units	0	89
Weighted-average number of common stock outstanding - diluted (in shares)	3,041	3,122

EARNINGS (LOSS) PER SHARE - Ant

EARNINGS (LOSS) PER SHARE - Antidilutive Securities Excluded From The Computation of Earnings (Loss) Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	0	1,000
Unvested restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share	0	1,000

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Aug. 19, 2022
Goodwill [Line Items]
Goodwill	$ 5,728		$ 5,749	$ 4,875
Amortization expense of intangible assets	287	$ 280
Impairment of intangible assets	0	$ 0
Accumulated Amortization	$ (3,058)		$ (2,771)
HnB Acquisition
Goodwill [Line Items]
Goodwill					$ 687

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
Goodwill [Roll Forward]
Goodwill, January 1,	$ 5,749	$ 4,875
Acquisition	0	847
Currency translation	(21)	$ 27
Goodwill, ending balance	$ 5,728

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 6,394		$ 6,399
Accumulated Amortization	(3,058)		(2,771)
Net Carrying Amount	3,336		$ 3,628
Amortization expense of intangible assets	$ 287	$ 280
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Average Remaining Amortization Useful Lives (in years)	3 years 2 months 12 days		3 years 4 months 24 days
Gross Carrying Amount	$ 146		$ 147
Accumulated Amortization	(102)		(98)
Net Carrying Amount	44		$ 49
Amortization expense of intangible assets	$ 5
Trade name
Finite-Lived Intangible Assets [Line Items]
Average Remaining Amortization Useful Lives (in years)	6 years 7 months 6 days		6 years 8 months 12 days
Gross Carrying Amount	$ 1,636		$ 1,638
Accumulated Amortization	(567)		(515)
Net Carrying Amount	1,069		$ 1,123
Amortization expense of intangible assets	$ 53
Customer lists
Finite-Lived Intangible Assets [Line Items]
Average Remaining Amortization Useful Lives (in years)	3 years 3 months 18 days		3 years 6 months
Gross Carrying Amount	$ 3,955		$ 3,957
Accumulated Amortization	(1,866)		(1,690)
Net Carrying Amount	2,089		$ 2,267
Amortization expense of intangible assets	$ 174
Developed technology
Finite-Lived Intangible Assets [Line Items]
Average Remaining Amortization Useful Lives (in years)	9 months 18 days		10 months 24 days
Gross Carrying Amount	$ 657		$ 657
Accumulated Amortization	(523)		(468)
Net Carrying Amount	134		$ 189
Amortization expense of intangible assets	$ 55

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2024	$ 838
2025	870
2026	634
2027	549
2028	129
Thereafter	316
Net Carrying Amount	$ 3,336	$ 3,628

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS - Amortization Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finite-Lived Intangible Assets [Line Items]
January 1, 2024 Beginning Balance	$ 3,628
Acquisition	0
Amortization	(287)	$ (280)
Translation and Other	(5)
March 31, 2024 Ending Balance	3,336
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
January 1, 2024 Beginning Balance	49
Acquisition	0
Amortization	(5)
Translation and Other	0
March 31, 2024 Ending Balance	44
Trade name
Finite-Lived Intangible Assets [Line Items]
January 1, 2024 Beginning Balance	1,123
Acquisition	0
Amortization	(53)
Translation and Other	(1)
March 31, 2024 Ending Balance	1,069
Customer lists
Finite-Lived Intangible Assets [Line Items]
January 1, 2024 Beginning Balance	2,267
Acquisition	0
Amortization	(174)
Translation and Other	(4)
March 31, 2024 Ending Balance	2,089
Developed technology
Finite-Lived Intangible Assets [Line Items]
January 1, 2024 Beginning Balance	189
Acquisition	0
Amortization	(55)
Translation and Other	0
March 31, 2024 Ending Balance	$ 134

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details)			3 Months Ended
	May 25, 2022 SGD ($)	Apr. 08, 2019 AUD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)
Commitments And Contingencies [Line Items]
Operating lease, cost			$ 358,000	$ 298,000
Operating lease, weighted average remaining lease term			1 year 9 months 18 days
Minimum
Commitments And Contingencies [Line Items]
Lessee, operating lease, remaining lease term			1 year
Maximum
Commitments And Contingencies [Line Items]
Lessee, operating lease, remaining lease term			4 years
NAB Facility Agreement | Line of Credit
Commitments And Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity		$ 4,000,000
Debt instrument, basis spread on variable rate		1.60%
Debt instrument, termination of debt notice		90 days
Note payable – long term			$ 0
Interest expense			$ 4,000	$ 4,000
Number of times EBITDA must be paid		2
Tangible net worth, minimum		$ 2,500,000
Tangible assets, minimum			25%
HSBC Facility Agreement | Line of Credit
Commitments And Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000,000
Debt instrument, basis spread on variable rate	3.50%
Note payable – long term			$ 0
Interest expense			$ 4,000
Tangible net worth, minimum	$ 1,000,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Operating Lease Payments (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 583
2025	562
2026	92
2027	8
Total	$ 1,245

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($)	3 Months Ended		104 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Aug. 08, 2023	Jul. 30, 2015
Equity, Class of Treasury Stock [Line Items]
Authorized amount of stock repurchase program				$ 5,000,000	$ 10,000,000
August 8 2023 Authorization
Equity, Class of Treasury Stock [Line Items]
Remaining authorized repurchase amount	$ 3,959,000		$ 3,959,000
June 2015 & August 2023 Authorization
Equity, Class of Treasury Stock [Line Items]
Treasury Stock, Shares, Acquired	44,250	0	557,662
Treasury Stock Acquired, Average Cost Per Share	$ 655,000		$ 11,042,000

SEGMENT AND GEOGRAPHIC DATA - S

SEGMENT AND GEOGRAPHIC DATA - Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2024 USD ($) segments	Mar. 31, 2024 USD ($) Segment	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments		3	3
Revenue, from external customers	$ 33,891			$ 43,072
Inter-segment revenue	0			0
Revenue	33,891			43,072
Adjusted net revenue, from external customers	16,330			21,764
Inter-segment adjusted net revenue	0			0
Total adjusted net revenue	16,330			21,764
EBITDA (loss)	(2,682)			499
Depreciation and amortization	(397)			(348)
Intercompany dividend/interest (expense) income, net	0			0
Interest income, net	93			64
(Loss) income before income taxes	(2,986)			215
Provision for income taxes	88			139
Net (loss) income	(2,898)			354
Accounts receivable, net	20,970	$ 20,970	$ 20,970	19,710	$ 19,710
Long-lived assets, net of accumulated depreciation and amortization	9,381	9,381	9,381	9,798
Total assets	59,202	59,202	59,202	60,958	$ 60,958
Inter-Segment Elimination
Segment Reporting Information [Line Items]
Revenue, from external customers	0			0
Inter-segment revenue	(55)			15
Revenue	(55)			15
Adjusted net revenue, from external customers	0			0
Inter-segment adjusted net revenue	0			3
Total adjusted net revenue	0			3
EBITDA (loss)	0			0
Depreciation and amortization	0			0
Intercompany dividend/interest (expense) income, net	0			0
Interest income, net	0			0
Provision for income taxes	0			0
Net (loss) income	0			0
Accounts receivable, net	0	0	0	0
Long-lived assets, net of accumulated depreciation and amortization	0	0	0	0
Total assets	0	0	0	0
Hudson Americas | Operating Segments
Segment Reporting Information [Line Items]
Revenue, from external customers	5,994			9,272
Inter-segment revenue	55			9
Revenue	6,049			9,281
Adjusted net revenue, from external customers	5,805			8,922
Inter-segment adjusted net revenue	55			9
Total adjusted net revenue	5,860			8,931
EBITDA (loss)	(864)			(430)
Depreciation and amortization	(349)			(311)
Intercompany dividend/interest (expense) income, net	0			0
Interest income, net	0			0
Provision for income taxes	(15)			228
Net (loss) income	(1,228)			(513)
Accounts receivable, net	4,677	4,677	4,677	5,502
Long-lived assets, net of accumulated depreciation and amortization	7,423	7,423	7,423	7,773
Total assets	16,223	16,223	16,223	17,632
Hudson Asia Pacific | Operating Segments
Segment Reporting Information [Line Items]
Revenue, from external customers	21,509			27,276
Inter-segment revenue	0			0
Revenue	21,509			27,276
Adjusted net revenue, from external customers	6,546			8,459
Inter-segment adjusted net revenue	(47)			20
Total adjusted net revenue	6,499			8,479
EBITDA (loss)	(601)			1,434
Depreciation and amortization	(38)			(27)
Intercompany dividend/interest (expense) income, net	(132)			(120)
Interest income, net	3			2
Provision for income taxes	217			(368)
Net (loss) income	(551)			921
Accounts receivable, net	11,654	11,654	11,654	9,280
Long-lived assets, net of accumulated depreciation and amortization	1,896	1,896	1,896	1,954
Total assets	23,655	23,655	23,655	23,604
Hudson Europe | Operating Segments
Segment Reporting Information [Line Items]
Revenue, from external customers	6,388			6,524
Inter-segment revenue	0			(24)
Revenue	6,388			6,500
Adjusted net revenue, from external customers	3,979			4,383
Inter-segment adjusted net revenue	(8)			(32)
Total adjusted net revenue	3,971			4,351
EBITDA (loss)	268			444
Depreciation and amortization	(7)			(7)
Intercompany dividend/interest (expense) income, net	0			0
Interest income, net	0			0
Provision for income taxes	(86)			(114)
Net (loss) income	175			323
Accounts receivable, net	4,639	4,639	4,639	4,928
Long-lived assets, net of accumulated depreciation and amortization	26	26	26	33
Total assets	11,424	11,424	11,424	11,064
Corporate Segment | Operating Segments
Segment Reporting Information [Line Items]
Revenue, from external customers	0			0
Inter-segment revenue	0			0
Revenue	0			0
Adjusted net revenue, from external customers	0			0
Inter-segment adjusted net revenue	0			0
Total adjusted net revenue	0			0
EBITDA (loss)	(1,485)			(949)
Depreciation and amortization	(3)			(3)
Intercompany dividend/interest (expense) income, net	132			120
Interest income, net	90			62
Provision for income taxes	(28)			393
Net (loss) income	(1,294)			(377)
Accounts receivable, net	0	0	0	0
Long-lived assets, net of accumulated depreciation and amortization	36	36	36	38
Total assets	$ 7,900	$ 7,900	$ 7,900	$ 8,658

SEGMENT AND GEOGRAPHIC DATA - G

SEGMENT AND GEOGRAPHIC DATA - Geographic Data Reporting (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Revenue	$ 33,891	$ 43,072
Long-lived assets, net of accumulated depreciation and amortization	9,381	9,798
Net assets	44,303	48,554
Australia
Segment Reporting Information [Line Items]
Revenue	18,065	24,372
Long-lived assets, net of accumulated depreciation and amortization	40	49
Net assets	8,335	9,634
United States
Segment Reporting Information [Line Items]
Revenue	5,692	8,670
Long-lived assets, net of accumulated depreciation and amortization	7,459	7,811
Net assets	19,678	22,585
United Kingdon
Segment Reporting Information [Line Items]
Revenue	5,915	6,149
Long-lived assets, net of accumulated depreciation and amortization	26	33
Net assets	4,829	5,084
Other
Segment Reporting Information [Line Items]
Revenue	4,219	3,881
Long-lived assets, net of accumulated depreciation and amortization	1,856	1,905
Net assets	$ 11,461	$ 11,251

STOCKHOLDER RIGHTS PLAN (Detail

STOCKHOLDER RIGHTS PLAN (Details) - $ / shares	Oct. 15, 2018	Mar. 31, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Warrants and Rights, Option to Exercise, Market Value Multiplier of Purchase Price	2
Common stock, par value (dollars per share)		$ 0.001	$ 0.001
Warrants and Rights, Preferred Stock to Common Stock Conversion, Treatment	1
Warrants And Rights, Not Exercisable, Number of Days After Public Announcement of Acquiring Person	10 days
Warrants And Rights, Not Exercisable, Number of Days After Tender or Exchange Offer Is Completed By Acquiring Person	10 days
Temporary Equity, Redemption Price Per Share	$ 0.001
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right	0.01
Class of Warrant or Right, Unissued	1
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Common stock, par value (dollars per share)	$ 3.50
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right	0.01
Minimum
Class of Stock [Line Items]
Ownership Percentage, Common Stock, Without Approval of Board	4.99%