Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v2.4.1.9
Condensed Consolidated Balance Sheets (Unaudited) (USD $)
Dec. 27, 2014
Mar. 29, 2014
Current assets:    
Cash and cash-equivalents $ 1,396,000us-gaap_CashAndCashEquivalentsAtCarryingValue $ 1,059,000us-gaap_CashAndCashEquivalentsAtCarryingValue
Trade accounts receivable, net of allowance of $45 and $44, respectively 2,532,000us-gaap_AccountsReceivableNetCurrent 1,846,000us-gaap_AccountsReceivableNetCurrent
Inventories, net 3,275,000us-gaap_InventoryNet 3,321,000us-gaap_InventoryNet
Prepaid expenses and other current assets 246,000us-gaap_PrepaidExpenseAndOtherAssetsCurrent 349,000us-gaap_PrepaidExpenseAndOtherAssetsCurrent
Total current assets 7,449,000us-gaap_AssetsCurrent 6,575,000us-gaap_AssetsCurrent
Property and equipment, net 780,000us-gaap_PropertyPlantAndEquipmentNet 949,000us-gaap_PropertyPlantAndEquipmentNet
Other long term assets 78,000us-gaap_OtherAssetsNoncurrent 69,000us-gaap_OtherAssetsNoncurrent
Total assets 8,307,000us-gaap_Assets 7,593,000us-gaap_Assets
Liabilities and shareholders' equity    
Line of credit 1,622,000us-gaap_LinesOfCreditCurrent 1,165,000us-gaap_LinesOfCreditCurrent
Current portion of long term debt 801,000us-gaap_LongTermDebtCurrent 200,000us-gaap_LongTermDebtCurrent
Accounts payable 1,035,000us-gaap_AccountsPayableCurrent 1,430,000us-gaap_AccountsPayableCurrent
Accrued payroll and benefits 563,000us-gaap_EmployeeRelatedLiabilitiesCurrent 755,000us-gaap_EmployeeRelatedLiabilitiesCurrent
Deferred revenue 1,519,000us-gaap_DeferredRevenueCurrent 1,329,000us-gaap_DeferredRevenueCurrent
Deferred rent 121,000us-gaap_DeferredRentCreditCurrent 104,000us-gaap_DeferredRentCreditCurrent
Capital lease obligations 72,000us-gaap_CapitalLeaseObligationsCurrent 147,000us-gaap_CapitalLeaseObligationsCurrent
Other current liabilities 380,000us-gaap_OtherLiabilitiesCurrent 472,000us-gaap_OtherLiabilitiesCurrent
Total current liabilities 6,113,000us-gaap_LiabilitiesCurrent 5,602,000us-gaap_LiabilitiesCurrent
Long term loan and warrant debt, net of discounts 464,000us-gaap_OtherLongTermDebtNoncurrent 672,000us-gaap_OtherLongTermDebtNoncurrent
Derivative liability –at estimated fair value 235,000us-gaap_DerivativeLiabilitiesNoncurrent 128,000us-gaap_DerivativeLiabilitiesNoncurrent
Long term obligations - deferred rent 144,000us-gaap_DeferredRentCreditNoncurrent 237,000us-gaap_DeferredRentCreditNoncurrent
Long term obligations - capital lease 67,000us-gaap_CapitalLeaseObligationsNoncurrent 77,000us-gaap_CapitalLeaseObligationsNoncurrent
Total liabilities 7,023,000us-gaap_Liabilities 6,716,000us-gaap_Liabilities
Commitments and contingencies      
Convertible preferred stock of no par value; Authorized - 1,000,000 shares    
Common stock of no par value; Authorized - 40,000,000 shares; 5,444,747 shares at December 27, 2014 and 5,181,247 at March 29, 2014 issued and outstanding 16,914,000us-gaap_CommonStockValue 16,224,000us-gaap_CommonStockValue
Accumulated deficit (18,541,000)us-gaap_RetainedEarningsAccumulatedDeficit (18,258,000)us-gaap_RetainedEarningsAccumulatedDeficit
Total shareholders' equity 1,284,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 877,000us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and shareholders' equity 8,307,000us-gaap_LiabilitiesAndStockholdersEquity 7,593,000us-gaap_LiabilitiesAndStockholdersEquity
Series B, C, and D Preferred Stock [Member]    
Convertible preferred stock of no par value; Authorized - 1,000,000 shares    
Preferred Stock, Value Issued $ 2,911,000us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= giga_SeriesBCandDPreferredStockMember
$ 2,911,000us-gaap_PreferredStockValue
/ us-gaap_StatementClassOfStockAxis
= giga_SeriesBCandDPreferredStockMember