Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 28, 2013
Dec. 29, 2012
Operating activities    
Net income (loss) $ 3,633 $ (4,456)
Adjustments to reconcile net income (loss) to net cash and cash equivalents (used in) provided by operating activities:    
Depreciation and amortization 1,369 1,221
Impairment charge 0 1,082
Share-based compensation 233 153
Amortization of deferred financing costs 131 197
Amortization of deferred gain (488) (488)
Reversal of deferred income tax valuation allowance (1,200) 0
Deferred income taxes 703 367
Other 83 38
Changes in assets and liabilities:    
Accounts receivable (6,018) 1,178
Inventories 620 1,182
Income taxes receivable 440 (130)
Other current assets 711 (304)
Other assets (34) 20
Accounts payable and accrued expenses 1,557 491
Net cash flows provided by operating activities 1,740 551
Investing activities    
Purchases of property and equipment (501) (818)
Decrease (increase) in restricted cash (500) 0
Proceeds from sale of property and equipment 10   
Net cash flows used in investing activities (991) (818)
Financing activities    
Net borrowings (payments) under line of credit (898) (126)
Payments on debt obligations (1,032) (990)
Proceeds from issuance of debt obligations 220 0
Payment of deferred financing costs (129) 0
Proceeds from issuance of Common Stock 36 86
Net cash flows (used in) provided by financing activities (1,803) (1,030)
Effect of changes in exchange rate on cash and cash equivalents (172) 70
Increase (decrease) in cash and cash equivalents (1,226) (1,227)
Cash and cash equivalents at beginning of period 3,174  
Cash and cash equivalents at end of period 1,948 3,174
Supplemental disclosures of cash flow information    
Cash payments for interest 966 935
Cash payments (refunds) for income taxes (274) (154)
Non-cash investing and financing activities    
Equipment acquired under financing obligations and capital leases 78 159
Repayment of debt from trade-in of equipment $ 0 $ 87