v3.21.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 02, 2021
Dec. 28, 2019
OPERATING ACTIVITIES:    
Net loss $ (8,498) $ (11,964)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 4,122 4,076
Amortization of debt issuance costs 27 307
Stock based compensation expense 578 631
Gain on settlement of vendor advance payments (142) 0
Impairment charges   2,992
Gain on litigation settlement (418) (694)
Other 59 131
Changes in assets and liabilities:    
Accounts receivable 2,980 (765)
Prepaid expenses and other current assets (780) 680
Change in deferred rent   (48)
Change in deferred compensation   (148)
Change in deferred income taxes (270) (3,279)
Income taxes receivable (120) 25
Inventories (282) (546)
Right of use assets 165 (295)
Lease liabilities (73) 329
Accounts payable and accrued expenses 2,035 5,058
Net cash used in operating activities (617) (3,510)
INVESTING ACTIVITIES:    
Purchases of property and equipment (507) (212)
Purchase of intangible asset (327) (288)
Net payments received from ApplianceSmart Holdings LLC note receivable   845
Net cash provided by (used in) investing activities (834) 345
FINANCING ACTIVITIES:    
Proceeds from related party note   2,500
Payment on related party note (1,500)  
Proceeds from issuance of short term notes payable 3,469 471
Payments on short term notes payable (565) (509)
Net cash provided by financing activities 1,404 2,462
Effect of changes in exchange rate on cash and cash equivalents (55) (11)
DECREASE IN CASH AND CASH EQUIVALENTS (102) (714)
CASH AND CASH EQUIVALENTS, beginning of period 481 1,195
CASH AND CASH EQUIVALENTS, end of period 379 481
Supplemental cash flow disclosures:    
Interest paid 129 133
Income taxes paid, net $ 30 $ 263

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