Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 28, 2021
Sep. 27, 2020
ASSETS    
Cash and Cash Equivalents $ 3,880,000 $ 4,700,000
Accounts Receivable, Net 2,031,000 2,953,000
Inventory, Net 8,993,000 8,791,000
Prepaid Expenses 158,000 229,000
Current Assets 15,062,000 16,673,000
Property and Equipment, Net 1,005,000 1,006,000
Other Assets    
Deferred Tax Asset 1,195,000 1,227,000
Right-of-use Asset 3,842,000 [1] 1,416,000
Security Deposits 23,000 23,000
Other Assets 5,060,000 2,666,000
Total Assets 21,127,000 20,345,000
Current Liabilities    
Accounts Payable 537,000 833,000
Operating Lease Liability 477,000 417,000
Accrued Expenses 812,000 1,077,000
Warrant Liability 1,686,000 2,544,000
Accrued Warranty Costs 63,000 83,000
Customer Advance Deposits 1,000
Current Liabilities 3,575,000 4,955,000
Other Liabilities    
Credit Facility - Long Term 377,000 377,000
Operating Lease Liability, net of current portion 3,374,000 1,037,000
Other Liabilities 3,751,000 1,414,000
Total Liabilities 7,326,000 6,369,000
Commitments and Contingencies
Stockholders' Equity    
Common Stock - ($0.001 par, 2,000,000,000 authorized, 8,854,261 and 8,795,869 shares issued, and 8,373,594 and 8,690,136 outstanding, respectively) 9,000 9,000
Treasury Stock (at cost, 480,667 shares and 105,733 shares held, respectively) (930,000) (200,000)
Additional Paid in capital 26,346,000 26,276,000
Accumulated Deficit (11,624,000) (12,109,000)
Stockholders' Equity 13,801,000 13,976,000
Total Liabilities and Stockholders' Equity $ 21,127,000 $ 20,345,000
[1] Includes $9 thousand of unamortized deferred rent for the Applied Optics Lease term expiring on October 31, 2021.