Income Statement

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 29, 2018
Dec. 30, 2017
Dec. 29, 2018
Dec. 30, 2017
Revenue $ 1,893,000 $ 3,220,000 $ 7,623,000 $ 7,453,000
Cost of sales 1,069,000 2,415,000 4,367,000 5,695,000
Gross profit 824,000 805,000 3,256,000 1,758,000
Operating expenses:        
Engineering 302,000 452,000 1,020,000 1,313,000
Selling, general and administrative 853,000 891,000 2,754,000 3,158,000
Total operating expenses 1,155,000 1,343,000 3,774,000 4,471,000
Operating loss (331,000) (538,000) (518,000) (2,713,000)
Gain on sale of product line 324,000 375,000
Gain on adjustment of warrant liability to fair value 7,000 67,000
Interest expense:        
Interest expense, net (128,000) (71,000) (363,000) (238,000)
Interest expense from accretion of loan discount (58,000) (35,000) (163,000) (90,000)
Total interest expense, net (186,000) (106,000) (526,000) (328,000)
Loss before income taxes (517,000) (313,000) (1,044,000) (2,650,000)
Provision for income taxes 42,000 2,000
Net loss $ (517,000) $ (313,000) $ (1,086,000) $ (2,652,000)
Loss per common share - basic (in dollars per share) $ (0.05) $ (0.03) $ (0.10) $ (0.27)
Loss per common share - diluted (in dollars per share) $ (0.05) $ (0.03) $ (0.10) $ (0.27)
Weighted average shares used in per share calculation:        
Basic (in shares) 10,676 9,798 10,408 9,769
Diluted (in shares) 10,676 9,798 10,408 9,769
Product [Member]        
Revenue $ 100,000 $ 1,989,000 $ 416,000 $ 2,819,000
Service [Member]        
Revenue $ 1,793,000 $ 1,231,000 $ 7,207,000 $ 4,634,000

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