Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Shareholders' Equity (Unaudited)

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Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred Stock Including Additional Paid in Capital [Member]
Common Stock Including Additional Paid in Capital [Member]
Retained Earnings [Member]
Total
Balance (in shares) at Mar. 28, 2020 26,982 2,635,856    
Balance at Mar. 28, 2020 $ 2,922 $ 31,952 $ (30,574) $ 4,300
Net income (loss) 0 0 72 72
Stock based compensation $ 0 $ 76 0 76
Balance (in shares) at Jun. 27, 2020 26,982 2,635,856    
Balance at Jun. 27, 2020 $ 2,922 $ 32,028 (30,502) 4,448
Balance (in shares) at Mar. 27, 2021 26,982 2,635,856    
Balance at Mar. 27, 2021 $ 2,922 $ 32,306 (30,981) 4,247 [1]
Net income (loss) 0 0 (860) (860)
Stock based compensation $ 0 $ 155 0 155
Restricted stock granted (in shares) 0 18,000    
Restricted stock granted $ 0 $ 0 0 0
Restricted stock forfeited (in shares) 0 (10,000)    
Restricted stock forfeited $ 0 $ 0 0 0
Deemed dividend in connection with prefunded warrants issuance $ 0 $ 0 (203) (203)
Common stock issuance, net of offering costs (in shares) 0 46,154    
Common stock issuance, net of offering costs $ 0 $ 145 0 145
Conversion of Series E preferred stock to common stock (in shares) (3,500) 35,000    
Conversion of Series E preferred stock to common stock $ (87) $ 130 0 43
Balance (in shares) at Jun. 26, 2021 23,482 2,725,010    
Balance at Jun. 26, 2021 $ 2,835 $ 32,736 $ (32,044) $ 3,527
[1] Derived from the audited financial statements as of and for the fiscal year ended March 27, 2021.