Balance Sheet

v3.19.3
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 28, 2019
Mar. 30, 2019
Current assets:    
Cash and cash-equivalents $ 704 $ 878
Trade accounts receivable, net of allowance of $8 and $8, respectively 994 568
Inventories, net 3,217 2,734
Prepaid expenses and other current assets 1,864 1,354
Total current assets 6,779 5,534
Property and equipment, net 567 569
Right of use asset 1,231
Other long term assets 176 176
Total assets 8,753 6,279
Liabilities and shareholders' equity    
Accounts payable 1,512 747
Loans payable, net of discounts and issuance costs 2,073 1,781
Accrued payroll and benefits 280 476
Deferred rent 2 74
Lease obligations 396 41
Deferred liability related to asset sale 29 40
Other current liabilities 591 754
Total current liabilities 4,883 3,913
Other non-current liabilities 192 172
Long term deferred rent 2 358 [1]
Long term obligations - leases 1,268 21
Total liabilities 6,345 4,464
Commitments and contingencies
Shareholders' equity:    
Common stock; no par value; Authorized - 40,000,000 shares; 13,215,188 shares at September 28, 2019 and 11,360,511 shares at March 30, 2019 issued and outstanding 26,279 25,557
Accumulated deficit (28,494) (28,548)
Total shareholders' equity 2,408 1,815
Total liabilities and shareholders' equity 8,753 6,279
Series A Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock; no par value; Authorized - 1,000,000 shares Series A convertible- designated 250,000 shares; no shares at September 28, 2019 and March 30, 2019 issued and outstanding
Series B, C, and D Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock; no par value; Authorized - 1,000,000 shares Series A convertible- designated 250,000 shares; no shares at September 28, 2019 and March 30, 2019 issued and outstanding 2,745 2,911
Series E Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock; no par value; Authorized - 1,000,000 shares Series A convertible- designated 250,000 shares; no shares at September 28, 2019 and March 30, 2019 issued and outstanding $ 1,878 $ 1,895
[1] Represents noncurrent portion of deferred rent reclassified to Operating lease liability - non-current portion.

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