Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,313 $ 968
Trade and other receivables, net 10,036 8,971
Due From Appliancesmart Holdings LLC a subsidiary of Live Ventures Incorporated 6,500 0
Inventories, net 762 1,119
Income tax receivable 0 16
Prepaid expenses and other current assets 506 1,140
Current assets of business held for sale 0 16,331
Total current assets 21,117 28,545
Property and equipment, net 538 9,563
Intangible assets, net 24,718 57
Deposits and other assets 518 336
Deferred taxes 0 2,081
Non-current assets of business held for sale 0 1,274
Total assets 46,891 41,856
Current liabilities:    
Accounts payable 3,321 6,143
Accrued liabilities 6,561 8,888
Line of credit PNC bank 0 10,333
Notes payable - short term 300 0
Accrued income taxes 3 0
Current portion of long-term maturities 5,577 2,093
Total current liabilities 15,762 27,457
Deferred income taxes 4,577 0
Long-term obligations, less current maturities 0 2,826
Other noncurrent liabilities 314 364
Total liabilities 20,653 30,647
Stockholders' equity:    
Preferred stock, series A par value .001 per share - 2,000 authorized and 288 shares issued and and outstanding at December 30, 2017. No shares authorized, issued or outstanding at December 31, 2016 0 0
Common Stock, no par value; 50,000 shares authorized, 6,655 shares issued and outstanding at December 31, 2016; 10,000 shares authorized, 5,901 shares issued and outstanding at January 2, 2016Common stock, .001 par value, 50,000 shares authorized, 6,875 shares issued and outstanding at December 30, 2017 and 50,000 shares authorized, 6,655 shares issued and outstanding at December 31, 2016 7 7
Additional paid in capital 37,634 22,398
Accumulated deficit (10,910) (11,028)
Accumulated other comprehensive loss (493) (574)
Total stockholders' equity 26,238 10,803
Noncontrolling interest 0 406
Total liabilities and shareholders' equity $ 46,891 $ 41,856