v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
Income Statement [Abstract]    
Revenues $ 8,672 $ 8,450
Cost of revenues 7,251 6,976
Gross profit 1,421 1,474
Operating expenses:    
Selling, general and administrative expenses 3,530 4,873
Operating loss (2,109) (3,399)
Other income (expense):    
Interest expense, net (73) (113)
Gain on Payroll Protection Program loan forgiveness 1,872  
Gain on settlement of vendor advance payments 810  
Other income, net   818
Total other income (expense), net 2,609 705
Income (loss) from operations before benefit from income taxes 500 (2,694)
Income tax benefit 2 411
Net income (loss) $ 502 $ (2,283)
Dividends declared - Series A-1 preferred stock $ 0 $ 0
Dividends declared - Common stock 0 0
Income (loss) per share:    
Basic income (loss) per share 0.26 (1.33)
Diluted income (loss) per share $ 0.24 $ (1.33)
Weighted average common shares outstanding:    
Basic 1,922,673 1,711,883
Diluted 2,070,036 1,711,883
Net income (loss) $ 502 $ (2,283)
Other comprehensive income (loss), net of tax:    
Effect of foreign currency translation adjustments (42) 6
Total other comprehensive income (loss), net of tax (42) 6
Comprehensive income (loss) $ 460 $ (2,277)

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