Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Oct. 02, 2016
Sep. 27, 2015
Cash flows from operating activities:    
Net (loss) income $ (208) [1] $ 491
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 345 [1] 334
Gain on Change in Fair Value of Warrant Liability (739) [1]
Noncash interest expense (17) [1] 154
Stock compensation expense 192 [1] 140
Provision for inventory valuation 60 [1] 247
Loss on sale of fixed assets 5 [1]
(Increase) decrease in accounts receivable 771 [1] (2,135)
(Increase) decrease in inventory (net of progress billed) (562) [1] (49)
(Increase) decrease in prepaid expenses 51 [1] (130)
(Increase) decrease in security deposits [1] 3
Increase (decrease) in accounts payable and accrued expenses 130 [1],[2] 622
Increase (decrease) in accrued warranty costs [1] 3
Decrease in prepaid royalties - long term 30 [1] 30
Increase (decrease) in customer advance deposits (597) [1] (898)
Total adjustments (331) [1] (1,679)
Net cash (used in) operating activities (539) [1] (1,188)
Cash flows from investing activities    
Purchases of property and equipment (34) [1] (2,100)
Proceeds from sale of fixed assets 4 [1]
Net cash (used in) investing activities (30) [1] (2,100)
Cash flows from financing activities    
Proceeds from sale of common stock 4,750 [1]
Redemption of preferred stock (1,751) [1]
Deferred public offering costs (45) [1]
Proceeds from convertible notes issued [1] 1,560
Debt issuance fees [1] (74)
Proceeds (to) from credit facility (net) (500) [1] 800
Net cash provided by financing activities 2,454 [1] 2,286
Net increase (decrease) in cash and cash equivalents 1,885 [1] (1,002)
Cash and cash equivalents at beginning of period 683 [1] 1,685
Cash and cash equivalents at end of period [1] 2,568 683
Supplemental cash flow information:    
Cash paid for interest 53 [1] 25
Exchange of convertible note and accrued interest to series B preferred stock [1] 1,629
Beneficial conversion features on preferred stock 1,203 [1] 6,441
Exchange of preferred stock for common stock 6,939 [1] 10
Fair value of warrants issued for underwriter expenses in public offering $ 156 [1]
[1] Restated
[2] The increase in accounts payable and accrued expenses is a rounding adjustment to balance the financial statement accounts