Balance Sheet

v3.19.1
Consolidated Balance Sheets - USD ($)
Mar. 30, 2019
Mar. 31, 2018
Current assets:    
Cash and cash-equivalents $ 878,000 $ 1,485,000
Trade accounts receivable, net of allowance of $8 and $8, respectively 568,000 364,000
Inventories, net 2,734,000 5,487,000
Prepaid expenses and other current assets 1,354,000 87,000
Total current assets 5,534,000 7,423,000
Property and equipment, net 569,000 833,000
Other long term assets 176,000 175,000
Total assets 6,279,000 8,431,000
Liabilities and shareholders' equity    
Line of credit 552,000
Loan payable, net of discounts and issuance costs 1,781,000 1,447,000
Accounts payable 747,000 996,000
Accrued payroll and benefits 476,000 343,000
Deferred revenue 3,374,000
Deferred rent 74,000 58,000
Capital lease obligations 41,000 52,000
Deferred liability related to asset sale 40,000 40,000
Other current liabilities 754,000 947,000
Total current liabilities 3,913,000 7,809,000
Other non-current liabilities 172,000
Long term deferred rent 358,000 429,000
Long term obligations - capital lease 21,000 62,000
Total liabilities 4,464,000 8,300,000
Commitments and contingencies
Shareholders' equity:    
Common stock of no par value; Authorized - 40,000,000 shares; 11,360,511 shares at March 30, 2019 and 10,312,653 at March 31, 2018 issued and outstanding 25,557,000 25,200,000
Accumulated deficit (28,548,000) (28,682,000)
Total shareholders' equity 1,815,000 131,000
Total liabilities and shareholders' equity 6,279,000 8,431,000
Series A Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock
Series B, C, and D Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock 2,911,000 2,911,000
Series E Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock $ 1,895,000 $ 702,000

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