v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Jun. 26, 2021
Jun. 27, 2020
Cash flows from operating activities:    
Net income (loss) $ (860,000) $ 72,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 52,000 68,000
Stock based compensation 155,000 76,000
Cumulative dividends on Series E preferred stock 43,000 0
Gain on remeasurement of prefunded warrants liability (46,000) 0
Finance costs for issuance of prefunded warrants 157,000 0
Changes in operating assets and liabilities:    
Trade accounts receivable 407,000 (176,000)
Inventories (829,000) 231,000
Prepaid expenses 37,000 (1,527,000)
Unbilled receivable 179,000 684,000
Right-of-use asset 84,000 77,000
Accounts payable (245,000) (42,000)
Accrued payroll and benefits 77,000 128,000
Deferred revenue 96,000 (12,000)
Accrued interest 10,000 (1,000)
Other current and non-current liabilities (16,000) (17,000)
Net cash used in operating activities (699,000) (439,000)
Cash flows from financing activities:    
Payments on leases (107,000) (110,000)
Repayments of borrowings (1,008,000) (597,000)
Proceeds from loan payable, net of issuance costs 620,000 1,131,000
Proceeds from issuance of stock, net of issuance costs 145,000 0
Proceeds from issuance of prefunded warrants 1,500,000 0
Finance costs from issuance of prefunded warrants (157,000) 0
Net cash provided by financing activities 993,000 424,000
Increase (decrease) in cash 294,000 (15,000)
Beginning cash 736,000 657,000
Ending cash 1,030,000 642,000
Supplementary disclosure of cash flow information:    
Cash paid for interest 3,000 38,000
Prefunded Warrant Dividends [Member]    
Supplementary disclosure of non-cash activities:    
Deemed dividend on common shares 203,000 0
Series E Preferred Stock Dividends [Member]    
Supplementary disclosure of non-cash activities:    
Deemed dividend on common shares $ 43,000 $ 0

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