Balance Sheet

v3.19.2
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 29, 2019
Mar. 30, 2019
Current assets:    
Cash and cash-equivalents $ 1,010 $ 878 [1]
Trade accounts receivable, net of allowance of $8 and $8, respectively 823 568 [1]
Inventories, net 2,748 2,734 [1]
Prepaid expenses and other current assets 1,302 1,354 [1]
Total current assets 5,883 5,534 [1]
Property and equipment, net 543 569 [1]
Right of use asset 1,297 [1]
Other long term assets 176 176 [1]
Total assets 7,899 6,279 [1]
Liabilities and shareholders' equity    
Line of credit 429 [1]
Accounts payable 930 747 [1]
Loan payable, net of discounts and issuance costs 1,473 1,781 [1]
Accrued payroll and benefits 387 476 [1]
Deferred rent 74 [1]
Lease obligations 386 41 [1]
Deferred liability related to asset sale 40 40 [1]
Other current liabilities 715 754 [1]
Total current liabilities 4,360 3,913 [1]
Other non-current liabilities 242 172 [1]
Long term deferred rent 358 [1],[2]
Long term obligations - leases 1,372 21 [1]
Total liabilities 5,974 4,464 [1]
Commitments and contingencies [1]
Shareholders' equity:    
Convertible preferred stock
Common stock; no par value; Authorized - 40,000,000 shares; 11,343,011 shares at June 29, 2019 and 11,360,511 shares at March 30, 2019 issued and outstanding 25,654 25,557 [1]
Accumulated deficit (28,533) (28,548) [1]
Total shareholders' equity 1,925 1,815 [1]
Total liabilities and shareholders' equity 7,899 6,279 [1]
Series B, C, and D Preferred Stock [Member]    
Shareholders' equity:    
Convertible preferred stock 2,911 2,911 [1]
Series E Preferred Stock [Member]    
Shareholders' equity:    
Convertible preferred stock $ 1,893 $ 1,895 [1]
[1] Derived from the audited consolidated financial statements as of and for the fiscal year ended March 30, 2019.
[2] Represents noncurrent portion of deferred rent reclassified to Operating lease liability - non-current portion.

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