Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.21.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 03, 2021
Sep. 27, 2020
ASSETS    
Cash and Cash Equivalents $ 3,900 $ 4,700
Accounts Receivable, Net 3,183 2,953
Inventory, Net 7,583 8,791
Prepaid Expenses 262 229
Current Assets 14,928 16,673
Property and Equipment, Net 1,017 1,006
Other Assets    
Deferred Tax Asset 1,288 1,227
Right-of-use Asset 3,599 [1] 1,416
Security Deposits 23 23
Other Assets 4,910 2,666
Total Assets 20,855 20,345
Current Liabilities    
Accounts Payable 551 833
Operating Lease Liability 528 417
Accrued Expenses 851 1,077
Warrant Liability 2,544
Accrued Warranty Costs 78 83
Customer Advance Deposits 1
Current Liabilities 2,008 4,955
Other Liabilities    
Credit Facility 377
Operating Lease Liability, net of current portion 3,133 1,037
Other Liabilities 3,133 1,414
Total Liabilities 5,141 6,369
Commitments and Contingencies  
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 authorized, 8,523,704 and 8,795,869 shares issued, and 8,488,149 and 8,690,136 outstanding, respectively) 9 9
Treasury Stock (at cost, 35,555 and 105,733 shares held, respectively) (69) (200)
Additional Paid in capital 25,752 26,276
Accumulated Deficit (9,978) (12,109)
Stockholders’ Equity 15,714 13,976
Total Liabilities and Stockholders’ Equity $ 20,855 $ 20,345
[1] Short-term and Long-term portion of Operating Lease Liability is $528 thousand and $3,133 thousand, respectively.