Balance Sheet

v3.10.0.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Dec. 29, 2018
Mar. 31, 2018
Current assets:    
Cash and cash-equivalents $ 448 $ 1,485
Trade accounts receivable, net of allowance of $8 and $8, respectively 694 364
Inventories, net 3,182 5,487
Prepaid expenses and other current assets 1,464 87
Total current assets 5,788 7,423
Property and equipment, net 627 833
Other long-term assets 175 175
Total assets 6,590 8,431
Liabilities and shareholders' equity    
Line of credit 455 552
Accounts payable 928 996
Loan payable, net of discounts and issuance costs 1,693 1,447
Accrued payroll and benefits 598 343
Deferred revenue 251 3,374
Capital lease obligations 43 52
Deferred liability related to asset sale 40 40
Deferred rent 69 58
Other current liabilities 870 947
Total current liabilities 4,947 7,809
Long term deferred rent 375 429
Long term obligations - capital lease 31 62
Total liabilities 5,353 8,300
Commitments and contingencies
Shareholders' equity:    
Common stock of no par value; Authorized - 40,000,000 shares; 10,996,511 shares at December 29, 2018 and 10,312,653 shares at March 31, 2018 issued and outstanding 25,478 25,200
Accumulated deficit (28,591) (28,682)
Total shareholders' equity 1,237 131
Total liabilities and shareholders' equity 6,590 8,431
Series A Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock
Series B, C, and D Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock 2,911 2,911
Series E Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock $ 1,439 $ 702

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