Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.1.9
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Dec. 27, 2014
Dec. 28, 2013
Dec. 27, 2014
Dec. 28, 2013
Net sales $ 4,509,000us-gaap_SalesRevenueNet $ 3,417,000us-gaap_SalesRevenueNet $ 14,127,000us-gaap_SalesRevenueNet $ 10,404,000us-gaap_SalesRevenueNet
Cost of sales 2,637,000us-gaap_CostOfRevenue 2,130,000us-gaap_CostOfRevenue 8,101,000us-gaap_CostOfRevenue 6,672,000us-gaap_CostOfRevenue
Gross margin 1,872,000us-gaap_GrossProfit 1,287,000us-gaap_GrossProfit 6,026,000us-gaap_GrossProfit 3,732,000us-gaap_GrossProfit
Operating expenses:        
Engineering 672,000us-gaap_ResearchAndDevelopmentExpense 979,000us-gaap_ResearchAndDevelopmentExpense 2,563,000us-gaap_ResearchAndDevelopmentExpense 3,040,000us-gaap_ResearchAndDevelopmentExpense
Selling, general and administrative 1,133,000us-gaap_SellingGeneralAndAdministrativeExpense 1,066,000us-gaap_SellingGeneralAndAdministrativeExpense 3,401,000us-gaap_SellingGeneralAndAdministrativeExpense 3,674,000us-gaap_SellingGeneralAndAdministrativeExpense
Restructuring   36,000us-gaap_RestructuringCharges 0us-gaap_RestructuringCharges 360,000us-gaap_RestructuringCharges
Total operating expenses 1,805,000us-gaap_OperatingExpenses 2,081,000us-gaap_OperatingExpenses 5,964,000us-gaap_OperatingExpenses 7,074,000us-gaap_OperatingExpenses
Operating income/(loss) 67,000us-gaap_OperatingIncomeLoss (794,000)us-gaap_OperatingIncomeLoss 62,000us-gaap_OperatingIncomeLoss (3,342,000)us-gaap_OperatingIncomeLoss
Gain on sale of product line   97,000us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax   913,000us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
Gain on adjustment of derivative liability to fair value 107,000us-gaap_DerivativeGainLossOnDerivativeNet   16,000us-gaap_DerivativeGainLossOnDerivativeNet  
Other income       7,000us-gaap_OtherNonoperatingIncomeExpense
Interest expense, net (62,000)us-gaap_InterestIncomeExpenseNet (21,000)us-gaap_InterestIncomeExpenseNet (199,000)us-gaap_InterestIncomeExpenseNet (52,000)us-gaap_InterestIncomeExpenseNet
Accretion of loan and warrant debt discounts (45,000)us-gaap_AmortizationOfDebtDiscountPremium   (115,000)us-gaap_AmortizationOfDebtDiscountPremium  
Income/(loss) before income taxes 67,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (718,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (236,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (2,474,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Provision for income taxes 0us-gaap_IncomeTaxExpenseBenefit 0us-gaap_IncomeTaxExpenseBenefit 47,000us-gaap_IncomeTaxExpenseBenefit 2,000us-gaap_IncomeTaxExpenseBenefit
Net income/(loss) $ 67,000us-gaap_NetIncomeLoss $ (718,000)us-gaap_NetIncomeLoss $ (283,000)us-gaap_NetIncomeLoss $ (2,476,000)us-gaap_NetIncomeLoss
Earnings/(loss) per common share – basic (in Dollars per share) $ 0.01us-gaap_EarningsPerShareBasic $ (0.14)us-gaap_EarningsPerShareBasic $ (0.05)us-gaap_EarningsPerShareBasic $ (0.49)us-gaap_EarningsPerShareBasic
Earnings/(loss) per common share – diluted (in Dollars per share) $ 0.01us-gaap_EarningsPerShareDiluted $ (0.14)us-gaap_EarningsPerShareDiluted $ (0.05)us-gaap_EarningsPerShareDiluted $ (0.49)us-gaap_EarningsPerShareDiluted
Weighted average shares used in per share calculation:        
Basic (in Shares) 5,208us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,060us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,166us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,057us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in Shares) 5,463us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,060us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,166us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 5,057us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding