Quarterly report pursuant to Section 13 or 15(d)

Restatements and Reclassifications (Tables)

v3.23.1
Restatements and Reclassifications (Tables)
9 Months Ended
Oct. 01, 2022
Restatements and Reclassifications [Abstract]  
Summary of Restatements And Reclassifications of Quaterly Report

 

 

October 1,
2022

 

 

 

(Unaudited)

 

 

 

(As restated)

 

 

 

Previously Reported

 

Effect of Restatement

 

(Unaudited)

 

Consolidated balance sheets as of October 1, 2022

 

 

 

 

 

 

 

Note receivable, net

 

 

11,345

 

 

(1,720

)

 

9,625

 

Total assets

 

$

31,304

 

$

(1,720

)

$

29,584

 

Total liabilities

 

 

30,159

 

 

 

 

30,159

 

Additional paid-in capital

 

 

45,747

 

 

 

 

45,747

 

Accumulated deficit

 

 

(43,988

)

 

(1,720

)

 

(45,708

)

Total stockholders' equity (deficit)

 

 

1,145

 

 

(1,720

)

 

(575

)

Total liabilities and stockholders' equity (deficit)

 

$

31,304

 

$

(1,720

)

$

29,584

 

 

 

 

For the Thirteen Weeks Ended

 

 

For the Thirty-Nine Weeks Ended

 

 

 

October 1,
2022

 

 

October 1,
2022

 

 

 

Previously Reported

 

Effect of Restatement

 

(As restated)

 

 

Previously Reported

 

Effect of Restatement

 

(As restated)

 

Selling, general and administrative expenses

 

 

2,858

 

 

 

 

2,858

 

 

 

8,711

 

 

(6

)

 

8,705

 

Gain on sale of GeoTraq

 

 

 

 

 

 

 

 

 

(12,091

)

 

12,091

 

 

 

Operating income (loss)

 

 

(1,824

)

 

 

 

(1,824

)

 

 

7,916

 

 

(12,085

)

 

(4,169

)

Interest income (expense), net

 

 

36

 

 

94

 

 

130

 

 

 

(254

)

 

131

 

 

(123

)

Total other income (expense), net

 

 

(234

)

 

94

 

 

(140

)

 

 

1,931

 

 

131

 

 

2,062

 

Income (loss) from continuing operations before provision for income taxes

 

 

(2,058

)

 

94

 

 

(1,964

)

 

 

9,847

 

 

(11,954

)

 

(2,107

)

Net income (loss) from continuing operations

 

 

(2,074

)

 

94

 

 

(1,980

)

 

 

9,824

 

 

(11,954

)

 

(2,130

)

Net income from discontinued operations, net of tax

 

 

 

 

(1

)

 

(1

)

 

 

 

 

10,234

 

 

10,234

 

Net income (loss)

 

$

(2,074

)

$

93

 

$

(1,981

)

 

$

9,824

 

$

(1,720

)

$

8,104

 

Net income (loss) per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted income (loss) per share from continuing operations

 

$

(0.66

)

$

0.03

 

$

(0.63

)

 

$

3.12

 

$

(3.80

)

$

(0.68

)

Basic income per share from discontinued operations

 

$

 

$

(0.00

)

$

(0.00

)

 

$

 

$

3.25

 

$

3.25

 

Diluted income per share from discontinued operations

 

$

 

$

(0.00

)

$

(0.00

)

 

$

 

$

2.93

 

$

2.93

 

Basic income (loss) per share

 

$

(0.66

)

$

0.03

 

$

(0.63

)

 

$

3.12

 

$

(0.55

)

$

2.57

 

Diluted income (loss) per share

 

$

(0.66

)

$

0.03

 

$

(0.63

)

 

$

2.81

 

$

(0.49

)

$

2.32

 

 

 

 

For the Thirty-Nine Weeks Ended

 

 

 

October 1, 2022

 

 

 

Previously Reported

 

Effect of Restatement

 

As restated

 

OPERATING ACTIVITIES:

 

 

 

 

 

 

 

Net income (loss)

 

$

9,824

 

 

(1,720

)

$

8,104

 

Accretion of note receivable discount

 

 

(95

)

 

(130

)

 

(225

)

Gain on sale of GeoTraq

 

 

(12,091

)

 

1,850

 

 

(10,241

)

Net cash used in operating activities

 

 

(2,391

)

 

 

 

(2,391

)