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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
OPERATING ACTIVITIES:    
Net income $ 1,211 $ 502
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 133 1,045
Amortization of debt issuance costs 3 0
Stock based compensation expense 4 109
Loss on legal settlement (115) 0
Gain on Payroll Protection Program loan forgiveness 0 (1,872)
Gain on settlement of vendor advance payments 0 (810)
Gain on reversal of contingent liability (637) 0
Changes in assets and liabilities:    
Accounts receivable (610) 82
Prepaid expenses and other current assets 192 402
Inventories (40) 623
Right of use assets 730 (73)
Lease liability (746) 41
Accounts payable and accrued expenses 1,893 (385)
Other Assets 37 (6)
Net cash provided by (used in) operating activities 2,055 (342)
INVESTING ACTIVITIES:    
Purchases of property and equipment (127) (297)
Purchases of intangibles 0 (49)
Net cash used in investing activities (127) (346)
FINANCING ACTIVITIES:    
Proceeds from equity financing, net 0 5,544
Proceeds from stock option exercise 0 11
Payments on debt obligations (279) (144)
Net cash provided by (used in) financing activities (279) 5,411
Effect of changes in exchange rate on cash and cash equivalents (41) (42)
INCREASE IN CASH AND CASH EQUIVALENTS 1,608 4,681
CASH AND CASH EQUIVALENTS, beginning of period 705 379
CASH AND CASH EQUIVALENTS, end of period 2,313 5,060
Supplemental cash flow disclosures:    
Interest paid 22 23
Income taxes paid 0 0
Right of use asset - operating leases capitalized $ 323 $ 424

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