CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Jan. 01, 2022 |
Jan. 02, 2021 |
| OPERATING ACTIVITIES: |
|
|
| Net loss |
$ (16,887)
|
$ (8,498)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization |
4,192
|
4,122
|
| Amortization of debt issuance costs |
9
|
27
|
| Gain on Payroll Protection Program loan forgiveness |
(1,872)
|
0
|
| Stock based compensation expense |
303
|
578
|
| Gain on settlement of vendor advance payments |
(952)
|
(142)
|
| Impairment charges |
9,786
|
0
|
| Gain on litigation settlement |
0
|
(418)
|
| Changes in assets and liabilities: |
|
|
| Accounts receivable |
(620)
|
2,980
|
| Inventories |
421
|
(282)
|
| Prepaid expenses and other current assets |
(287)
|
(780)
|
| Change in deferred income taxes |
0
|
(270)
|
| Income taxes receivable |
196
|
(120)
|
| Right of use assets |
883
|
165
|
| Other assets |
(1,399)
|
59
|
| Lease liabilities |
(907)
|
(73)
|
| Accounts payable and accrued expenses |
1,842
|
2,035
|
| Net cash used in operating activities |
(5,292)
|
(617)
|
| INVESTING ACTIVITIES: |
|
|
| Purchases of property and equipment |
(1,659)
|
(507)
|
| Proceeds from the sale of property and equipment |
3
|
0
|
| Purchase of intangible assets |
(65)
|
(327)
|
| Net cash used in investing activities |
(1,721)
|
(834)
|
| FINANCING ACTIVITIES: |
|
|
| Proceeds from note payable |
1,835
|
0
|
| Payment on related party note |
0
|
(1,500)
|
| Proceeds from issuance of short term notes payable |
795
|
3,469
|
| Payments on short term notes payable |
(651)
|
(565)
|
| Proceeds from equity financing, net |
5,544
|
0
|
| Payments on notes payable |
(182)
|
0
|
| Proceeds from stock option exercise |
27
|
0
|
| Net cash provided by financing activities |
7,368
|
1,404
|
| Effect of changes in exchange rate on cash and cash equivalents |
(29)
|
(55)
|
| INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
326
|
(102)
|
| CASH AND CASH EQUIVALENTS, beginning of period |
379
|
481
|
| CASH AND CASH EQUIVALENTS, end of period |
705
|
379
|
| Supplemental cash flow disclosures: |
|
|
| Interest paid |
475
|
129
|
| Income taxes paid, net |
$ 40
|
$ 30
|