Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

v3.23.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Assets    
Cash and cash equivalents   $ 705
Trade and other receivables, net $ 4,273 4,220
Income taxes receivable   0
Inventories   1,104
Prepaid expenses and other current assets 869 1,423
Current assets from discontinued operations   105
Total current assets 6,800 7,557
Property and equipment, net   2,113
Right of use asset - operating leases   3,671
Intangible assets, net 345 268
Note receivable, net   0
Marketable securities   0
Deposits and other assets 1,554 1,556
Total assets 25,706 15,165
Liabilities:    
Accounts payable   5,071
Accrued liabilities - other   5,232
Accrued liability - California Sales Taxes 6,100 6,022
Lease obligation short term - operating leases   1,304
Short term debt   288
Current portion of note payable   261
Current portion of related party note payable   1,000
Current liabilities from discontinued operations   195
Related party note   1,000
Total current liabilities   19,373
Lease obligation long term - operating leases   2,470
Long term portion of notes payable   1,318
Long-term portion related party note payable   0
Other noncurrent liabilities   680
Total liabilities   23,841
Commitments and contingencies (Note 15)  
Stockholders' equity:    
Preferred stock, series A - par value $0.001 per share 2,000,000 authorized, 222,588 and 238,729 shares issued and outstanding at July 2, 2022 and January 1, 2022, respectively   0
Common stock, par value $0.001 per share, 10,000,000 shares authorized, 3,150,230 and 2,827,410 shares issued and outstanding at July 2, 2022 and at January 1, 2022, respectively   2
Additional paid in capital   45,743
Accumulated deficit   (53,804)
Accumulated other comprehensive loss   (617)
Total stockholders' equity (deficit)   (8,676)
Total liabilities and stockholders' equity (deficit)   15,165
As Restated [Member]    
Assets    
Cash and cash equivalents 1,181  
Trade and other receivables, net 4,273  
Income taxes receivable 12  
Inventories 494  
Prepaid expenses and other current assets 869  
Current assets from discontinued operations 0  
Total current assets 6,829  
Property and equipment, net 2,676  
Right of use asset - operating leases 4,268  
Intangible assets, net 345  
Note receivable, net 9,464  
Marketable securities 570  
Deposits and other assets 1,554  
Total assets 25,706  
Liabilities:    
Accounts payable 5,839  
Accrued liabilities - other 4,963  
Accrued liability - California Sales Taxes 6,140  
Lease obligation short term - operating leases 1,405  
Short term debt 0  
Current portion of note payable 315  
Current portion of related party note payable 223  
Current liabilities from discontinued operations 0  
Related party note 223  
Total current liabilities 18,885  
Lease obligation long term - operating leases 2,964  
Long term portion of notes payable 1,509  
Long-term portion related party note payable 724  
Other noncurrent liabilities 219  
Total liabilities 24,301  
Commitments and contingencies (Note 15)  
Stockholders' equity:    
Preferred stock, series A - par value $0.001 per share 2,000,000 authorized, 222,588 and 238,729 shares issued and outstanding at July 2, 2022 and January 1, 2022, respectively 0  
Common stock, par value $0.001 per share, 10,000,000 shares authorized, 3,150,230 and 2,827,410 shares issued and outstanding at July 2, 2022 and at January 1, 2022, respectively 2  
Additional paid in capital 45,747  
Accumulated deficit (43,727)  
Accumulated other comprehensive loss (617)  
Total stockholders' equity (deficit) 1,405 $ (8,676)
Total liabilities and stockholders' equity (deficit) $ 25,706