Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2022
Oct. 03, 2021
ASSETS    
Cash and Cash Equivalents $ 5,169 $ 3,900
Accounts Receivable, Net 1,918 3,183
Inventory, Net 8,559 7,583
Prepaid Expenses 324 262
Current Assets 15,970 14,928
Property and Equipment, Net 1,033 1,017
Other Assets    
Deferred Tax Asset 948 1,288
Right-of-use Asset 3,339 [1] 3,599
Security Deposits 23 23
Other Assets 4,310 4,910
Total Assets 21,313 20,855
Current Liabilities    
Accounts Payable 838 551
Operating Lease Liability 599 528
Accrued Expenses 787 851
Accrued Warranty Costs 196 78
Customer Deposits 256
Current Liabilities 2,676 2,008
Operating Lease Liability, net of current portion 2,875 3,133
Total Liabilities 5,551 5,141
Commitments and Contingencies
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 authorized, 8,322,951 and 8,523,704 shares issued, and 8,322,951 and 8,488,149 outstanding, respectively) 8 9
Treasury Stock (at cost, zero and 35,555 shares held, respectively) (69)
Additional Paid in Capital 25,426 25,752
Accumulated Deficit (9,672) (9,978)
Stockholders’ Equity 15,762 15,714
Total Liabilities and Stockholders’ Equity $ 21,313 $ 20,855
[1] Short-term and Long-term portion of Operating Lease Liability is $599 thousand and $2,875 thousand, respectively.