Note 5 - Balance Sheet Components

6 Months Ended

Jun. 29, 2025

Supplemental Balance Sheet Disclosures [Text Block]

Note 5 — Balance Sheet Components

The following table provides details relating to certain balance sheet line items from continuing operations as of June 29, 2025, and December 29, 2024 (in thousands):

	*June 29,*			*December 29,*
	*2025*			*2024*
Inventories, net - current:
Work-in-process	$	709		$	710
Finished goods		158			230
		867			940
Inventories, net - non-current:
Work-in-process		623			690
Finished goods		25			28
		648			718
	$	1,515		$	1,658
Prepaid expenses and other current assets:
Prepaid taxes	$	86		$	498
Deferred charges		400			792
Other prepaid taxes, royalties, and other prepaid expenses		332			242
Other		482			134
	$	1,300		$	1,666
Property and equipment, net:
Equipment	$	9,608		$	9,598
Software tools		3,077			3,402
Tooling		18,428			14,357
Software		1,776			1,776
Furniture and fixtures		54			54
Leasehold improvements		647			647
		33,590			29,834
Less: Accumulated depreciation and amortization		(15,823	)		(14,135	)
	$	17,767		$	15,699
Capitalized internal-use software, net:
Capitalized internal-use software	$	1,124		$	798
Less: Accumulated amortization		(157	)		(87	)
	$	967		$	711
Accrued liabilities:
Accrued compensation	$	687		$	842
Accrued employee benefits		80			75
Accrued payroll tax		61			124
Other		214			546
	$	1,042		$	1,587

As of June 29, 2025 and December 29, 2024, work-in-process ("WIP") inventories, net consist primarily of $0.4 million and $0.5 million, respectively, of die wafers and $0.9 million and $1.0 million, respectively, of tested, unmarked devices held for sale, which are completed upon customer orders, and open work orders.

The Company capitalized $1.78 million and $4.07 million in pre-production design and development costs as tooling to be utilized under its long-term professional services contracts for the three and six months ended June 29, 2025, respectively. $0.32 million and $4.28 million in pre-production design and development costs were capitalized as tooling for the three and six months ended June 30, 2024, respectively.

The Company recorded depreciation and amortization expense for continuing operations of $1.3 million and $2.6 million for the three and six months ended June 29, 2025, respectively, and $0.7 million and $1.3 million for the three and six months ended June 30, 2024, respectively. No interest was capitalized for any period presented.

Depreciation and amortization expense included approximately $39 thousand and $70 thousand of amortization expense related to capitalized internal-use software for the three and six months ended June 29, 2025, respectively, and $14 thousand and $28 thousand for the three and six months ended June 30, 2024, respectively.