Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Current Period Unaudited)

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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Dec. 25, 2021
Mar. 27, 2021
Current assets:    
Cash $ 316,000 $ 736,000
Trade accounts receivable, net of allowance of $0 and $3, respectively 223,000 801,000
Inventories 4,645,000 3,601,000
Prepaid expenses 40,000 100,000
Unbilled receivable 1,620,000 1,120,000
Total current assets 6,844,000 6,358,000
Property and equipment, net 370,000 455,000
Right-of-use asset 609,000 865,000
Other long-term assets 308,000 169,000
Total assets 8,131,000 7,847,000
Liabilities and shareholders’ equity    
Accounts payable 1,165,000 1,044,000
Loans payable, net of discounts and issuance costs 670,000 683,000
Accrued payroll and benefits 580,000 446,000
Deferred revenue 0 7,000
Lease obligations 476,000 445,000
Other current liabilities 247,000 279,000
Total current liabilities 3,138,000 2,904,000
Other non-current liabilities 4,000 6,000
Long term lease obligations 328,000 690,000
Total liabilities 3,470,000 3,600,000
Shareholders’ equity:    
Common stock 34,603,000 32,306,000
Accumulated deficit (32,777,000) (30,981,000)
Total shareholders’ equity 4,661,000 4,247,000
Total liabilities and shareholders’ equity 8,131,000 7,847,000
Series A Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock 0 0
Series B, C, and D Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock 2,745,000 2,745,000
Series E Preferred Stock [Member]    
Shareholders’ equity:    
Preferred stock $ 90,000 $ 177,000