Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:    
Net (loss) income from continuing operations $ (17,095) $ 8,020
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 1,452 2
Accretion of note receivable discount (1,223) (387)
Stock based compensation expense 14 5
Bad debt expense 617 0
Gain on reversal of contingent liabilities 0 (637)
Write off of VM7 note receivable 5,320 0
Write off of SPYR note receivable 9,780 0
Unrealized loss on marketable securities 926 631
Change in deferred income taxes 444 (4,588)
Changes in assets and liabilities:    
Accounts receivable (367) (5,184)
Prepaid expenses and other current assets 320 70
Other assets 8 1,328
Accounts payable and accrued expenses (1,052) 184
Operating cash flows provided by (used in) discontinued operations 2,319 (2,501)
Net cash provided by (used in) operating activities 1,463 (3,057)
INVESTING ACTIVITIES:    
Investing cash flows used in discontinued operations (155) (1,509)
Net cash used in investing activities (155) (1,509)
FINANCING ACTIVITIES:    
Proceeds from equity financings, net 792 0
Warrants exercised 259 0
Payments on short term notes payable (274) (14)
Financing cash flows (used in) provided by discontinued operations (2,212) 3,993
Net cash (used in) provided by financing activities (1,435) 3,979
Effect of changes in exchange rate on cash and cash equivalents 17 (4)
DECREASE IN CASH AND CASH EQUIVALENTS (110) (591)
CASH AND CASH EQUIVALENTS, beginning of period   115
LESS CASH OF DISCONTINUED OPERATIONS, end of period 0 (53)
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS, end of period 5 61
Supplemental cash flow disclosures:    
Noncash recognition of new leases 0 4,000
Interest paid 133 407
Income taxes paid, net $ 0 $ 108