Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Revenue $ 13,052 $ 11,768
Cost of revenue 8,111 7,180
Gross profit 4,941 4,588
Operating expenses:    
Engineering 2,153 1,552
Selling, general and administrative 3,873 3,469
Total operating expenses 6,026 5,021
Operating loss (1,085) (433)
Gain on extinguishment of PPP Loan 791
Interest expense, net (97) (252)
Loss before income taxes (391) (685)
Provision for income taxes 2 2
Net loss (393) (687)
Deemed Dividend on Series E shares (14) (94)
Cumulative dividends on Series E (1,245)
Net loss attributable to common shareholders $ (407) $ (2,026)
Loss per common share - basic (in dollars per share) $ (0.15) $ (1.64)
Weighted average shares used in per share calculation:    
Basic and diluted (in shares) 2,636 1,232
Product [Member]    
Revenue $ 3,670 $ 3,521
Service [Member]    
Revenue $ 9,382 $ 8,247