Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
OPERATING ACTIVITIES:    
Net loss $ (4,477) $ (4,725)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,090 2,044
Amortization of debt issuance costs 0 20
Stock based compensation expense 180 511
Gain on Payroll Protection Program loan forgiveness (1,872)  
Gain on settlement of vendor advance payments (941)  
Change in deferred income taxes 0 (473)
Other (123) 29
Changes in assets and liabilities:    
Accounts receivable (204) 3,304
Income taxes receivable 173 33
Prepaid expenses and other current assets 110 (489)
Inventories 303 (481)
Right of use assets (681) 102
Lease liability 650 0
Accounts payable and accrued expenses 2,485 (1,497)
Net cash used in operating activities (2,307) (1,622)
INVESTING ACTIVITIES:    
Purchases of property and equipment (1,458) (21)
Purchases of intangibles (65) (114)
Net cash used in investing activities (1,523) (135)
FINANCING ACTIVITIES:    
Proceeds from issuance of short term debt 0 3,469
Proceeds from equity financing, net 5,544 0
Proceeds from stock option exercise 27 0
Proceeds from note payable 1,835 0
Payments on notes payable (59)  
Payment on related party note 0 (1,000)
Payments on short term notes payable (144) (280)
Net cash provided by financing activities 7,203 2,189
Effect of changes in exchange rate on cash and cash equivalents (42) (30)
INCREASE IN CASH AND CASH EQUIVALENTS 3,331 402
CASH AND CASH EQUIVALENTS, beginning of period 379 481
CASH AND CASH EQUIVALENTS, end of period 3,710 883
Supplemental cash flow disclosures:    
Interest paid 84 103
Income taxes paid 28 0
Right to use asset - operating leases capitalized $ 1,244 $ 930