Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Revenues $ 0 $ 0
Cost of revenues 0 0
Gross profit 0 0
Operating expenses:    
Selling, general and administrative expenses 1,099,000 681,000
Other income (expense):    
Interest income (expense), net 475,000 (2,000)
Gain on litigation settlement, net 0 1,950,000
Unrealized loss on marketable securities (247,000) 0
Gain on reversal of contingency loss 0 637,000
Other income, net (18,000) 715,000
Total other income, net 210,000 3,300,000
Income (loss) from continuing operations before provision for income taxes (889,000) 2,619,000
Income tax benefit (227,000) 0
Net income (loss) from continuing operations (662,000) 2,619,000
Gain (loss) from discontinued operations (including a $15.8 million gain on sale) 13,976,000 (1,405,000)
Net income (loss) from discontinued operations 10,747,000 (1,408,000)
Net income $ 10,085,000 $ 1,211,000
Net income (loss) per share:    
Net income (loss) per share from continuing operations, basic $ (0.21) $ 0.93
Net income (loss) per share from continuing operations, diluted (0.21) 0.80
Net income (loss) per share from discontinued operations, basic 3.36 (0.50)
Net income (loss) per share from discontinued operations, diluted 3.36 (0.43)
Net income per shares, basic 3.15 0.43
Diluted income per share $ 3.15 $ 0.37
Weighted average common shares outstanding:    
Weighted average common shares outstanding 3,199,061 2,827,410
Diluted 3,199,061 3,274,123
Net income $ 10,085,000 $ 1,211,000
Continuing Operations [Member]    
Operating expenses:    
Operating loss (1,099,000) (681,000)
Other income (expense):    
Net income (loss) from continuing operations (662,000) 2,619,000
Net income 640,000  
Weighted average common shares outstanding:    
Net income 640,000  
Discontinued Operations [Member]    
Revenues 3,795,000 9,324,000
Cost of revenues 3,992,000 7,471,000
Gross profit (197,000) 1,853,000
Other income (expense):    
Interest income (expense), net 181,000 190,000
Income (loss) from continuing operations before provision for income taxes 13,976,000 (1,405,000)
Income tax provision for discontinued operations $ 3,229,000 $ 3,000