Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
 3 Months Ended 9 Months Ended
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Revenues $ 8,587,000 $ 12,113,000 $ 28,449,000 $ 29,391,000
Cost of revenues   9,032,000   23,146,000
Gross profit 1,034,000 3,081,000 4,536,000 6,245,000
Operating expenses:        
Selling, general and administrative expenses   2,989,000   9,230,000
Gain on sale of GeoTraq   0   0
Operating income (loss)   92,000   (2,985,000)
Other income (expense):        
Interest income (expense), net 130,000 (125,000) (123,000) (323,000)
Gain on Payroll Protection Program loan forgiveness   0   1,872,000
Gain (loss) on litigation settlement, net   0   (1,950,000)
Gain on settlement of vendor advance payments   11,000   952,000
Gain on reversal of contingency loss   0   0
Unrealized loss on marketable securities (270,000) 0 (646,000) 0
Other income, net   23,000   45,000
Total other income (expense), net   (91,000)   596,000
Income (loss) from continuing operations before provision for income taxes   1,000   (2,389,000)
Provision for income taxes   33,000 23,000 236,000
Income Loss   (32,000)   (2,625,000)
Net income (loss) from discontinued operations, net of tax   (936,000)   (2,820,000)
Net income (loss)   $ (968,000)   $ (5,445,000)
Net income (loss) per share:        
Basic income (loss) per share from continuing operations   $ (0.01)   $ (1.01)
Diluted income (loss) per share from continuing operations   (0.01)   (1.01)
Basic income (loss) per share from discontinued operations   (0.33)   (1.08)
Diluted income (loss) per share from discontinued operations   (0.33)   (1.08)
Basic income (loss) per share   (0.34)   (2.09)
Diluted income (loss) per share   $ (0.34)   $ (2.09)
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic   2,827,410   2,601,827
Weighted Average Number of Shares Outstanding, Diluted   2,827,410   2,601,827
Net income (loss)   $ (968,000)   $ (5,445,000)
Other comprehensive loss, net of tax:        
Effect of foreign currency translation adjustments   0   (42,000)
Total other comprehensive income loss, net of tax   0   (42,000)
Comprehensive income (loss)   $ (968,000)   $ (5,487,000)
As Restated [Member]        
Revenues 8,587,000   28,449,000  
Cost of revenues 7,553,000   23,913,000  
Gross profit 1,034,000   4,536,000  
Operating expenses:        
Selling, general and administrative expenses 2,858,000   8,705,000  
Gain on sale of GeoTraq 0   0  
Operating income (loss) (1,824,000)   (4,169,000)  
Other income (expense):        
Interest income (expense), net 130,000   (123,000)  
Gain on Payroll Protection Program loan forgiveness 0   0  
Gain (loss) on litigation settlement, net 0   1,835,000  
Gain on settlement of vendor advance payments 0   0  
Gain on reversal of contingency loss 0   637,000  
Unrealized loss on marketable securities (270,000)   (646,000)  
Other income, net 0   359,000  
Total other income (expense), net (140,000)   2,062,000  
Income (loss) from continuing operations before provision for income taxes (1,964,000)   (2,107,000)  
Provision for income taxes 16,000   23,000  
Income Loss (1,980,000)   (2,130,000)  
Net income (loss) from discontinued operations, net of tax (1,000)   10,234,000  
Net income (loss) $ (1,981,000)   $ 8,104,000  
Net income (loss) per share:        
Basic income (loss) per share from continuing operations $ (0.63)   $ (0.68)  
Diluted income (loss) per share from continuing operations (0.63)   (0.68)  
Basic income (loss) per share from discontinued operations 0.00   3.25  
Diluted income (loss) per share from discontinued operations 0.00   2.93  
Basic income (loss) per share (0.63)   2.57  
Diluted income (loss) per share $ (0.63)   $ 2.32  
Weighted average common shares outstanding:        
Weighted Average Number of Shares Outstanding, Basic 3,150,230   3,150,230  
Weighted Average Number of Shares Outstanding, Diluted 3,150,230   3,496,003  
Net income (loss) $ (1,981,000)   $ 8,104,000  
Other comprehensive loss, net of tax:        
Effect of foreign currency translation adjustments 0   0  
Total other comprehensive income loss, net of tax 0   0  
Comprehensive income (loss) $ (1,981,000)   $ 8,104,000