Annual report pursuant to Section 13 and 15(d)

Note 14 - Income Taxes (Tables)

v3.7.0.1
Note 14 - Income Taxes (Tables)
 12 Months Ended
Mar. 25, 2017
Notes Tables  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
Fiscal years ended  
March 25,
    
March 26,
  
(in thousands)
  
2017
    
2016
  
             
Current
                
Federal
   $
—
     $
—
  
State
    
2
      
2
  
Total Current    
2
      
2
  
Deferred
                
Federal
    
(496
 )    
(1,297
 )
State
    
(6
 )    
215
  
Total Deferred    
(502
 )    
(1,082
 )
                 
Change in liability for uncertain tax positions
    
14
      
13
  
Change in valuation allowance
    
488
      
1,069
  
Provision for income taxes
   $
2
     $
2
  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
Fiscal years ended (In thousands)
 
March 25,
2017
 
 
March 26,
2016
 
Net operating loss carryforwards
   $
15,984
     $
15,065
  
Income tax credits
    
323
      
296
  
Inventory reserves and additional costs capitalized
    
1,450
      
1,935
  
Accrued vacation
    
109
      
131
  
Deferred rent
    
—
      
44
  
Non-qualified stock options and restricted stock
    
5
      
(10
 )
Other
    
146
      
68
  
Total deferred tax assets
    
18,017
      
17,529
  
                 
Valuation allowance
    
(18,017
 )    
(17,529
 )
Net deferred tax assets
   $
—
     $
—
  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Fiscal years ended
(In thousands except percentages)
 
March 25, 2017
 
 
March 25, 2016
 
Statutory federal income tax (benefit)   $
(525
 )    
34.0
 %   $
(1,395
 )    
34.0
 %
Valuation allowance
    
488
      
(31.6
 )    
1,069
      
(26.1
 )
State income tax, net of federal benefit
    
(90
 )    
5.8
      
(239
 )    
5.8
  
Net operating loss expiration
    
86
      
(5.6
 )    
451
      
(11.0
 )
Non tax-deductible expenses
    
77
      
(5.0
 )    
107
      
(2.6
 )
Tax credits
    
(40
 )    
2.6
      
(35
 )    
0.9
  
Liability for uncertain tax positions
    
14
      
(0.9
 )    
13
      
(0.3
 )
Other
    
(8
 )    
0.5
      
31
      
(0.8
 )
Effective income tax   $
2
      
(0.2
 )%   $
2
      
(0.1
 )%
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]
(In thousands)
 
Fiscal Year
2017
 
 
Fiscal Year
2016
 
Balance as of beginning of year
   $
106
     $
93
  
Additions based on current year tax positions
    
14
      
13
  
(Reductions) additions for prior year tax positions
    
—
      
—
  
Balance as of end of year
   $
120
     $
106