| Schedule of Segment Information |
The following tables present our segment information for the 26 weeks ended July 2, 2022 and July 3, 2021 (in $000's):
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Thirteen Weeks Ended |
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Twenty Six Weeks Ended |
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July 2, 2022 |
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July 3, 2021 |
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July 2, 2022 |
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July 3, 2021 |
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(as restated) |
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(as restated) |
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Revenues |
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Biotechnology |
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$ |
— |
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$ |
— |
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$ |
— |
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|
$ |
— |
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Recycling |
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10,538 |
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8,606 |
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19,862 |
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|
17,278 |
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Discontinued operations |
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— |
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— |
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— |
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|
— |
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Total Revenues |
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$ |
10,538 |
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$ |
8,606 |
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$ |
19,862 |
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$ |
17,278 |
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Gross profit |
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Biotechnology |
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$ |
— |
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$ |
— |
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$ |
— |
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|
$ |
— |
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Recycling |
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1,649 |
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1,743 |
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3,502 |
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3,164 |
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Discontinued operations |
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— |
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— |
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— |
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— |
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Total Gross profit |
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$ |
1,649 |
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$ |
1,743 |
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$ |
3,502 |
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$ |
3,164 |
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Operating Income (loss) |
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Biotechnology |
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$ |
(110 |
) |
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$ |
(808 |
) |
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$ |
(352 |
) |
|
$ |
(1,050 |
) |
Recycling |
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(1,147 |
) |
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|
(1,099 |
) |
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(1,993 |
) |
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|
(2,027 |
) |
Operating loss from continuing operations |
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(1,257 |
) |
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(1,907 |
) |
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(2,345 |
) |
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(3,077 |
) |
Discontinued operations |
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10,239 |
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(945 |
) |
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10,235 |
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(1,884 |
) |
Total Operating income (loss) |
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$ |
8,982 |
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$ |
(2,852 |
) |
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$ |
7,890 |
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$ |
(4,961 |
) |
Depreciation and amortization |
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Biotechnology |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Recycling |
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|
137 |
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|
110 |
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268 |
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|
218 |
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Depreciation and amortization from continuing operations |
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|
137 |
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|
110 |
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|
268 |
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|
218 |
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Discontinued operations |
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— |
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|
935 |
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|
2 |
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|
1,872 |
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Total Depreciation and amortization |
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$ |
137 |
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$ |
1,045 |
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$ |
270 |
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$ |
2,090 |
|
Interest expense, net |
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Biotechnology |
|
$ |
— |
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$ |
— |
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$ |
— |
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|
$ |
— |
|
Recycling |
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|
61 |
|
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|
125 |
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|
253 |
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|
198 |
|
Discontinued operations |
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— |
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— |
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— |
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— |
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Total Interest expense, net |
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$ |
61 |
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$ |
125 |
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$ |
253 |
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$ |
198 |
|
Net income (loss) before benefit from income taxes |
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Biotechnology |
|
$ |
(110 |
) |
|
$ |
(808 |
) |
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$ |
(352 |
) |
|
$ |
(1,050 |
) |
Recycling |
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(1,363 |
) |
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(2,992 |
) |
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|
127 |
|
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(1,353 |
) |
Net loss before benefit from income taxes |
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(1,473 |
) |
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(3,800 |
) |
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(225 |
) |
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(2,403 |
) |
Discontinued operations |
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10,351 |
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(974 |
) |
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10,317 |
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(1,871 |
) |
Total Net income (loss) before benefit from income taxes |
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$ |
8,878 |
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$ |
(4,774 |
) |
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$ |
10,092 |
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$ |
(4,274 |
) |
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As of
July 2,
2022 |
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As of
January 1,
2022 |
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Assets |
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Biotechnology |
|
$ |
— |
|
|
$ |
— |
|
Recycling |
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|
25,706 |
|
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|
15,058 |
|
Discontinued operations |
|
|
— |
|
|
|
107 |
|
Total Assets |
|
$ |
25,706 |
|
|
$ |
15,165 |
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Intangible assets |
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Biotechnology |
|
$ |
— |
|
|
$ |
— |
|
Recycling |
|
|
345 |
|
|
|
268 |
|
Discontinued operations |
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|
— |
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|
— |
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Total Intangible assets |
|
$ |
345 |
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|
$ |
268 |
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