Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.24.3
Discontinued Operations (Tables)
 9 Months Ended
Sep. 28, 2024
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations in Consolidated Statements of Operations and Cash Flows The results of operations for these entities for the 39 weeks ended September 28, 2024 and September 30, 2023 have been reflected as discontinued operations in the consolidated statements of operations and comprehensive income (loss) and consist of the following:
13 weeks ended 39 Weeks Ended
September 28, 2024 September 30, 2023 September 28, 2024 September 30, 2023
Revenues $ —  $ —  $ —  $ 3,795 
Cost of revenues —  —  —  3,992 
Gross profit —  —  —  (197)
Operating expenses from discontinued operations:
Selling, general and administrative expenses $ —  $ —  —  1,468 
Gain on sale of ARCA —  —  —  (15,824)
Total operating expenses from discontinued operations —  —  —  (14,356)
Operating income from discontinued operations —  —  —  14,159 
Other income (expense) from discontinued operations
Interest expense, net —  —  —  (181)
Other income expense, net —  —  —  (2)
Total other income (loss), net —  —  $ —  $ (183)
Income before provision for income taxes from discontinued operations —  —  —  13,976 
Income tax provision (benefit) —  (28) —  3,158 
Net income from discontinued operations $ —  $ 28  $ —  $ 10,818 
The cash flow activity from discontinued operations for the 39 weeks ended September 28, 2024 and September 30, 2023 have been reflected as discontinued operations in the consolidated statements of cash flows and consist of the following:
39 weeks ended
September 28, 2024 September 30, 2023
DISCONTINUED OPERATING ACTIVITIES:
Net income from discontinued operations —  10,818 
Depreciation and amortization —  96 
Amortization of debt issuance costs —  11 
Amortization of right-of-use assets —  53 
Change in deferred taxes —  3,157 
Gain on sale of ARCA, net of cash —  (15,967)
Gain on sale of GeoTraq —  — 
Changes in assets and liabilities:
Accounts receivable —  2,932 
Inventories —  299 
Prepaid expenses and other current assets —  55 
Accounts payable and accrued expenses —  866 
Net cash provided by operating activities from discontinued operations $ —  $ 2,320 
DISCONTINUED INVESTING ACTIVITIES:
Purchases of property and equipment —  (123)
Purchase of intangible assets —  (33)
Net cash used in investing activities from discontinued operations $ —  $ (156)
DISCONTINUED FINANCING ACTIVITIES:
Proceeds from note payable —  5,162 
Payment on related party note —  (38)
Proceeds from issuance of short-term notes payable —  (7,291)
Payments on notes payable —  (45)
Net cash used in financing activities from discontinued operations $ —  $ (2,212)
Effect of changes in exchange rate on cash and cash equivalents —  (5)
DECREASE IN CASH AND CASH EQUIVALENTS —  (53)
CASH AND CASH EQUIVALENTS, beginning of period —  53 
CASH AND CASH EQUIVALENTS, end of period $ —  $ —