Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED

v3.19.1
CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Mar. 30, 2019
Dec. 29, 2018
Assets    
Cash and cash equivalents $ 652 $ 1,195
Trade and other receivables, net 4,612 5,804
Income taxes receivable 103 101
Inventories 975 801
Prepaid expenses and other current assets 613 617
Total current assets 6,955 8,518
Note receivable - ApplianceSmart Holdings, LLC a subsidiary of Live Ventures Incorporated 3,784 3,837
Property and equipment, net 700 617
Right to use asset - operating leases 1,884 0
Intangible assets, net 20,055 20,988
Deposits and other assets 641 661
Total assets 34,019 34,621
Liabilities:    
Accounts payable 3,929 3,169
Accrued liabilities - other 869 1,118
Accrued liability - California Sales Taxes 4,735 4,722
Short term debt 100 256
Lease obligation short term - operating leases 823 0
Total current liabilities 10,456 9,265
Lease obligation long term - operating leases 1,084 0
Deferred income taxes, net 2,848 3,549
Other noncurrent liabilities 44 196
Total liabilities 14,432 13,010
Stockholders' equity:    
Preferred stock, series A - par value $.001 per share 2,000 authorized, 288 shares issued and outstanding at March 30, 2019 and December 29, 2018 0 0
Common stock, par value $.001 per share, 50,000 shares authorized, 1,695 and 1,695 shares issued and outstanding at March 30, 2019 and at December 29, 2018, respectively 2 2
Additional paid in capital 38,660 38,660
Accumulated deficit (18,546) (16,518)
Accumulated other comprehensive loss (529) (533)
Total stockholders' equity 19,587 21,611
Total liabilities and shareholders' equity $ 34,019 $ 34,621