JanOne Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies (Tables)

Significant Accounting Policies (Tables)

12 Months Ended

Jan. 03, 2015

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Estimated future amortization expense is as follows:



Fiscal year 2015	$	97
Fiscal year 2016	61
Fiscal year 2017	25
	$	183

Schedule of inventories, consisting principally of appliances, are stated at the lower of cost, determined on a specific identification basis, or market

Inventories, consisting principally of appliances, are stated at the lower of cost, determined on a specific identification basis, or market and consist of the following as of January 3, 2015, and December 28, 2013:



	January 3, 2015		December 28, 2013
Appliances held for resale	$	15,511	$	16,274
Processed metals to be sold from recycled appliances	571		380
Other	31		—
	$	16,113	$	16,654

Schedule of property and equipment

Property and equipment consists of the following as of January 3, 2015 and December 28, 2013:



	Useful Life (Years)	January 3, 2015			December 28, 2013
Land	—	$	1,140		$	1,140
Buildings and improvements	18-30	3,321			3,273
Equipment (including computer software)	3-15	18,915			20,561
Projects under construction	—	440			63
		23,816			25,037
Less accumulated depreciation and amortization		(12,055		)	(13,613		)
		$	11,761		$	11,424

Schedule of warranty accrual

Changes in our warranty accrual, presented as a component of accrued expenses on the consolidated balance sheets, for the fiscal years ended January 3, 2015 and December 28, 2013 are as follows:



	For the fiscal years ended
	January 3, 2015			December 28, 2013
Beginning balance	$	34		$	47
Standard accrual based on units sold	31			40
Actual costs incurred	(16		)	(16		)
Periodic accrual adjustments	(19		)	(37		)
Ending balance	$	30		$	34

Schedule of reconciliation of the denominator in the basic and diluted income or loss per share

A reconciliation of the denominator in the basic and diluted income per share is as follows:



	For the fiscal year ended
	January 3, 2015		December 28, 2013
			(as restated)
Numerator:
Net income attributable to controlling interest	$	771	$	3,147
Denominator:
Weighted average common shares outstanding - basic	5,676		5,562
Employee stock options	104		7
Stock warrants	—		173
Weighted average common shares outstanding - diluted	5,780		5,742

Income per common share:
Basic	$	0.14	$	0.57
Diluted	$	0.13	$	0.55