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 ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Statement of Comprehensive Income [Abstract]        
Revenues $ 2,169 $ 0 $ 2,169 $ 0
Cost of revenues 1,071 0 1,071 0
Gross profit 1,098 0 1,098 0
Operating expenses:        
Selling, general and administrative expenses 4,014 1,060 5,820 2,159
Operating loss (2,916) (1,060) (4,722) (2,159)
Other income (expense):        
Interest income (expense), net 4 365 (248) 840
Unrealized loss on marketable securities (180) 0 (370) (247)
Unrealized gain on exchange transactions 461 0 461 0
Realized gain on exchange transactions 240 0 240 0
Other income, net 129 757 158 739
Total other income, net 654 1,122 241 1,332
Income (loss) from continuing operations before provision for income taxes (2,262) 62 (4,481) (827)
Income tax benefit (2,851) (17) (2,926) (244)
Net income (loss) from continuing operations 589 79 (1,555) (583)
Gain from discontinued operations 0 1 0 13,976
Income tax provision (benefit) for discontinued operations 0 (43) 0 3,186
Net income from discontinued operations 0 44 0 10,790
Net income (loss) $ 589 $ 123 $ (1,555) $ 10,207
Net income (loss) per share:        
Net income (loss) per share from continuing operations, basic (in usd per share) $ 0.07 $ 0.02 $ (0.18) $ (0.17)
Net income (loss) per share from continuing operations, diluted (in usd per share) 0.07 0.02 (0.18) (0.17)
Net income per share from discontinued operations, basic (in usd per share) 0 0.01 0 3.14
Net income per share from discontinued operations, diluted (in usd per share) 0 0.01 0 3.14
Net income per shares, basic (in usd per share) 0.07 0.03 (0.18) 2.97
Net income per share, diluted (in usd per share) $ 0.07 $ 0.03 $ (0.18) $ 2.97
Weighted average common shares outstanding:        
Basic (in shares) 8,404,102 3,665,887 8,426,349 3,432,374
Diluted (in shares) 8,404,102 3,665,887 8,426,349 3,432,374