v3.22.2
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 26, 2022
Mar. 27, 2021
Cash flows from operating activities:    
Net loss $ (2,715,000) $ (393,000)
Depreciation and amortization 202,000 253,000
Stock-based compensation 579,000 354,000
Gain on extinguishment of PPP Loan 0 (786,000)
Interest forgiven 0 (5,000)
Finance costs for issuance of prefunded warrants 157,000 0
Gain on remeasurement of prefunded warrants liability (92,000) 0
Changes in operating assets and liabilities:    
Trade accounts receivable, net 271,000 131,000
Inventories, net (1,340,000) (445,000)
Prepaid expenses 38,000 7,000
Unbilled receivable (260,000) 982,000
Right-of-use asset 344,000 318,000
Other long term assets (174,000) 7,000
Accounts payable 486,000 241,000
Accrued payroll and benefits 162,000 146,000
Deferred revenue (7,000) (152,000)
Accrued interest 17,000 (91,000)
Other current and non-current liabilities (54,000) (208,000)
Net cash provided by (used in) operating activities (2,386,000) 359,000
Cash flows from investing activities:    
Purchases of property and equipment 0 (94,000)
Net cash used in investing activities 0 (94,000)
Cash flows from financing activities:    
Payments on leases (445,000) (426,000)
Repayments of borrowings (6,136,000) (2,680,000)
Proceeds from loan payable, net of issuance costs 6,703,000 2,920,000
Proceeds from exercise of stock options 78,000 0
Proceeds from issuance of stock, net of issuance costs 141,000 0
Proceeds from issuance of prefunded warrants, net of issuance costs 1,343,000 0
Net cash provided by (used in) financing activities 1,675,000 (186,000)
Increase (decrease) in cash (711,000) 79,000
Beginning cash 736,000 657,000
Ending cash 25,000 736,000
Supplementary disclosure of cash flow information:    
Cash paid for income taxes 2,000 2,000
Cash paid for interest 52,000 98,000
Series E Preferred Stock Dividends [Member]    
Cash flows from financing activities:    
Dividend on Series E preferred stock (9,000) 0
Prefunded Warrant Dividends [Member]    
Supplementary disclosure of noncash activities:    
Deemed dividend on common shares from prefunded warrants issuance 203,000 0
Conversion of Series E Preferred Stock [Member]    
Supplementary disclosure of noncash activities:    
Deemed dividend on common shares from prefunded warrants issuance $ 43,000 $ 0

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