Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 28, 2024
Dec. 30, 2023
Assets    
Cash and cash equivalents $ 8,669 $ 5
Trade and other receivables, net 903 266
Digital assets receivable 20,888 0
Prepaid expenses and other current assets 1,437 75
Total current assets 31,897 346
Property and equipment, net 1,170 0
Right of use assets 120 0
Marketable securities 0 286
Deposits and other assets 0 9
Intangible assets, net 33,977 17,846
Goodwill 7,724 0
Total assets 74,888 18,487
Liabilities:    
Accounts payable 2,879 2,272
Accrued liabilities 3,801 3,633
Digital assets payable 28,834 0
Due to Soin 2,850 0
Convertible debentures 563 0
Operating lease liabilities 26 0
Total current liabilities 42,328 5,905
Deferred income taxes, net 1,161 639
Notes payable 6,695 0
Operating lease liabilities 94 0
Other noncurrent liabilities 0 34
Total liabilities 50,807 7,285
Commitments and contingencies (Note 16)
Mezzanine equity    
Convertible preferred stock, series S - par value $0.001 per share, 200,000 authorized, 100,000 and 100,000 shares issued and outstanding at September 28, 2024 and December 30, 2023, respectively 3,900  
Stockholders' equity:    
Common stock, par value $0.001 per share, 200,000,000 shares authorized, 14,019,015 and 4,957,647 shares issued and outstanding at September 28, 2024 and at December 30, 2023, respectively 7 3
Accumulated other comprehensive deficit (2,995) 0
Additional paid-in capital 59,679 47,323
Accumulated deficit (53,011) (50,634)
Total stockholders' equity (deficit) 20,225 (3,308)
Total liabilities and stockholders' equity 74,888 18,487
Series S    
Mezzanine equity    
Convertible preferred stock, series S - par value $0.001 per share, 200,000 authorized, 100,000 and 100,000 shares issued and outstanding at September 28, 2024 and December 30, 2023, respectively 3,856 14,510
Stockholders' equity:    
Preferred stock, value 7,993 0
Series A-1 Preferred    
Stockholders' equity:    
Preferred stock, value 0 0
Series B    
Stockholders' equity:    
Preferred stock, value 8,552 0
Series M    
Stockholders' equity:    
Preferred stock, value 0 0
Nonrelated Party    
Liabilities:    
Notes payable 2,577 0
Related Party    
Liabilities:    
Notes payable 798 0
Related party notes payable $ 529 $ 707