Cash Flow

v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jun. 27, 2020
Jun. 29, 2019
Cash flows from operating activities:    
Net income $ 72 $ 15
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 42 47
Share-based compensation 76 95
Accretion of discounts on debt 20
Accrued interest and fees on loan payable (31) (327)
Change in deferred rent 1
Changes in operating assets and liabilities:    
Trade accounts receivable (176) (255)
Inventories 257 (14)
Prepaid expenses and other current assets (843) 52
Right of use asset 77 64
Accounts payable (42) 183
Accrued payroll and benefits 128 (89)
Deferred revenue (12)
Other current liabilities and non-current liabilities 13 27
Net cash used in operating activities (439) (181)
Cash flows from investing activities:    
Purchases of property and equipment (22)
Net cash used in investing activities (22)
Cash flows from financing activities:    
Principal payments on leases (110) (94)
Proceeds from borrowings, net of issuance costs 1,131 429
Repayments of borrowings (597)
Net cash provided by financing activities 424 335
Increase (decrease) in cash and cash-equivalents (15) 132
Beginning cash and cash-equivalents 657 878
Ending cash and cash-equivalents 642 1,010
Supplementary disclosure of cash flow information:    
Cash paid for income taxes 55
Cash paid for interest 38 256
Supplementary disclosure of noncash activities:    
Cumulative effect of adoption of ASC 842 on right of use assets 1,361
Cumulative effect of adoption of ASC 842 on deferred rent 429
Cumulative effect of adoption of ASC 842 on lease liability $ 1,790

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