Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Apr. 03, 2022
Oct. 03, 2021
ASSETS    
Cash and Cash Equivalents $ 4,881 $ 3,900
Accounts Receivable, Net 1,924 3,183
Inventory, Net 8,381 7,583
Prepaid Expenses 290 262
Current Assets 15,476 14,928
Property and Equipment, Net 989 1,017
Other Assets    
Deferred Tax Asset 1,341 1,288
Right-of-use Asset 3,405 [1] 3,599
Security Deposits 23 23
Other Assets 4,769 4,910
Total Assets 21,234 20,855
Current Liabilities    
Accounts Payable 1,303 551
Operating Lease Liability 581 528
Accrued Expenses 802 851
Accrued Warranty Costs 155 78
Current Liabilities 2,841 2,008
Operating Lease Liability, net of current portion 2,951 3,133
Total Liabilities 5,792 5,141
Commitments and Contingencies
Stockholders’ Equity    
Common Stock – ($0.001 par, 2,000,000,000 authorized, 8,395,394 and 8,523,704 shares issued, and 8,395,394 and 8,488,149 outstanding, respectively) 8 9
Treasury Stock (at cost, zero and 35,555 shares held, respectively) (69)
Additional Paid in Capital 25,534 25,752
Accumulated Deficit (10,100) (9,978)
Stockholders’ Equity 15,442 15,714
Total Liabilities and Stockholders’ Equity $ 21,234 $ 20,855
[1]  Short-term and Long-term portion of Operating Lease Liability is $581 thousand and $2,951 thousand, respectively.