| Schedule of Balance Sheet Table |
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July 2,
2022 |
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(Unaudited) |
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(Unaudited) |
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Previously Reported |
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Effect of Restatement |
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(As restated) |
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Consolidated balance sheets as of July 2, 2022 |
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Note receivable, net |
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11,277 |
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(1,813 |
) |
|
9,464 |
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Total assets |
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$ |
27,519 |
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$ |
(1,813 |
) |
$ |
25,706 |
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Total liabilities |
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24,301 |
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— |
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24,301 |
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Accumulated deficit |
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(41,914 |
) |
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(1,813 |
) |
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(43,727 |
) |
Total stockholders' equity (deficit) |
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3,218 |
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(1,813 |
) |
|
1,405 |
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Total liabilities and stockholders' equity (deficit) |
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$ |
27,519 |
|
$ |
(1,813 |
) |
$ |
25,706 |
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| Schedule of Income Statement Table |
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For the Thirteen Weeks Ended |
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For the Twenty Six Weeks Ended |
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July 2,
2022 |
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July 2,
2022 |
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Previously Reported |
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Effect of Restatement |
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(As restated) |
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Previously Reported |
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Effect of Restatement |
|
(As restated) |
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Selling, general and administrative expenses |
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2,908 |
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(2 |
) |
|
2,906 |
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|
5,853 |
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(6 |
) |
|
5,847 |
|
Gain on sale of GeoTraq |
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|
(12,091 |
) |
|
12,091 |
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— |
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(12,091 |
) |
|
12,091 |
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— |
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Operating income (loss) |
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10,832 |
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(12,089 |
) |
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(1,257 |
) |
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9,740 |
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(12,085 |
) |
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(2,345 |
) |
Interest expense, net |
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(98 |
) |
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37 |
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(61 |
) |
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(290 |
) |
|
37 |
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(253 |
) |
Total other income (expense), net |
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(141 |
) |
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37 |
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(104 |
) |
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2,165 |
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|
37 |
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|
2,202 |
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Income (loss) from operations before provision for income taxes |
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10,691 |
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(12,052 |
) |
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(1,361 |
) |
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11,905 |
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(12,048 |
) |
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(143 |
) |
Net income (loss) from continuing operations |
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10,687 |
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(12,052 |
) |
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(1,365 |
) |
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11,898 |
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(12,048 |
) |
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(150 |
) |
Net income from discontinued operations, net of tax |
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— |
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$ |
10,239 |
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$ |
10,239 |
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— |
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|
10,235 |
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|
10,235 |
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Net income (loss) |
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$ |
10,687 |
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$ |
(1,813 |
) |
$ |
8,874 |
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$ |
11,898 |
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$ |
(1,813 |
) |
$ |
10,085 |
|
Net income (loss) per share: |
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Basic and diluted income (loss) per share from continuing operations |
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$ |
3.39 |
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$ |
(3.83 |
) |
$ |
(0.43 |
) |
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$ |
3.78 |
|
$ |
(3.82 |
) |
$ |
(0.05 |
) |
Basic income per share from discontinued operations |
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$ |
— |
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$ |
3.25 |
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$ |
3.25 |
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$ |
— |
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$ |
3.25 |
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$ |
3.25 |
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Diluted income per share from discontinued operations |
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$ |
— |
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$ |
2.93 |
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$ |
2.93 |
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$ |
— |
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$ |
2.93 |
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$ |
2.93 |
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Basic income (loss) per share |
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$ |
3.39 |
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$ |
(0.58 |
) |
$ |
2.82 |
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$ |
3.78 |
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$ |
(0.58 |
) |
$ |
3.20 |
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Diluted income (loss) per share |
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$ |
3.06 |
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$ |
(0.52 |
) |
$ |
2.54 |
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$ |
3.40 |
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$ |
(0.52 |
) |
$ |
2.88 |
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| Schedule of Cash Flow Statement Table |
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For the Twenty Six Weeks Ended |
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July 2, 2022 |
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Previously Reported |
|
Effect of Restatement |
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(As restated) |
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OPERATING ACTIVITIES: |
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Net income (loss) |
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$ |
11,898 |
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$ |
(1,813 |
) |
$ |
10,085 |
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating
activities: |
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Accretion of note receivable discount |
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(27 |
) |
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(37 |
) |
|
(64 |
) |
Gain on sale of GeoTraq |
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(12,091 |
) |
|
1,850 |
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(10,241 |
) |
Net cash provided by (used in) operating activities |
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1,489 |
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— |
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1,489 |
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