Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.21.2
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 27, 2021
Mar. 28, 2020
Cash flows from operating activities:    
Net loss $ (393,000) $ (687,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 253,000 315,000
Stock based compensation 354,000 301,000
Amortization of debt discount 20,000
Gain on extinguishment of debt (786,000)
Interest forgiven (5,000)
Changes in operating assets and liabilities:    
Trade accounts receivable 131,000 (364,000)
Inventories, net (445,000) (658,000)
Prepaid expenses 7,000 (49,000)
Unbilled receivable 982,000 (806,000)
Right of use asset 318,000 178,000
Other long-term assets 7,000
Accounts payable 241,000 56,000
Accrued payroll and benefits 146,000 (176,000)
Deferred revenue (152,000) 159,000
Accrued interest (91,000) (257,000)
Change in deferred rent (3,000)
Other current and non-current liabilities (208,000) (388,000)
Net cash provided by (used in) operating activities 359,000 (2,359,000)
Cash flows from investing activities:    
Purchases of property and equipment (94,000) (123,000)
Net cash used in investing activities (94,000) (123,000)
Cash flows from financing activities:    
Payments on leases (426,000) (291,000)
Repayments of borrowings (2,680,000) (1,676,000)
Proceeds from loan payable, net of issuance costs 2,920,000 1,453,000
Proceeds from issuance of stock, net of issuance costs 2,564,000
Proceeds from exercise of warrants 211,000
Payments of dividends
Net cash provided by (used in) financing activities (186,000) 2,261,000
Increase (decrease) in cash 79,000 (221,000)
Beginning cash 657,000 878,000
Ending cash 736,000 657,000
Supplementary disclosure of cash flow information:    
Cash paid for income taxes 2,000 57,000
Cash paid for interest 98,000 402,000
Supplementary disclosure of noncash investing and financing activities:    
Cumulative effect of adoption of ASC 842 on right of use assets 1,361,000
Cumulative effect of adoption of ASC 842 on deferred rent 429,000
Cumulative effect of adoption of ASC 842 on lease liability 1,790,000
Issuance of dividends in kind $ (190,000)