Note 2—Supplemental Financial Information

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Inventories

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Inventories consisted of the following (in thousands):

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Property and Equipment, net

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Property and equipment, net consisted of the following (in thousands):

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Substantially all our property and equipment are located within the United States as of December 27, 2025 and December 28, 2024.

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Disaggregation of Net Sales

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The following table shows disaggregated net sales by major source (in thousands):

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Net product sales by country presented below are based on the billing location of the customer (in thousands):

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The PRC accounted for more than 10% of our net product sales for fiscal year 2025. The United States and the PRC accounted for more than 10% of our net product sales for fiscal year 2024.

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Loss Per Share

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The following table shows the computation of basic and diluted loss per share of common stock (in thousands, except per share data):

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No allocation of undistributed earnings to participating securities was performed for periods with net loss as such securities do not have a contractual obligation to share in our loss.

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The table below sets forth potentially dilutive weighted average common share equivalents, consisting of shares issuable upon the exercise of outstanding stock options and warrants using the treasury stock method and the shares vesting of issuable upon RSUs. These potential weighted average common share equivalents have been excluded from the diluted net loss per share calculations above as their effect would be anti-dilutive (in thousands):

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Cash Flow Information

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The following table shows supplemental disclosures of cash flow information and non-cash financing activities (in thousands):

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Liquidity

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We incurred net loss of $24.8 million for the year ended December 27, 2025 and $53.9 million for the year ended December 28, 2024. As of December 27, 2025, cash, cash equivalents and restricted cash were $42.1 million, total assets were $49.5 million, working capital deficit was ($6.4) million, and stockholders’ deficit was ($5.2) million. We believe our existing balance of cash and cash equivalents (including restricted cash balances), which totaled $42.1 million as of December 27, 2025, along with cash receipts from revenues, borrowing availability under the 2023 SVB Credit Agreement (see Note 3), proceeds raised from the June 2025 Offering and October 2025 Offering (see Notes 8), funds raised through the March 2025 Purchase Agreement (see Note 8) and other future debt and equity offerings and taking into account cash expected to be used in our operations, will be sufficient to meet our anticipated cash needs for at least the next 12 months. This belief reflects our current assessment of known trends and uncertainties that could affect near term liquidity, including the timing of cash effects from customer advance payments, fluctuations in borrowing base availability and letters of credit usage and market conditions that affect our ability to utilize the March 2025 Purchase Agreement. For the long term (i.e., beyond the next 12 months), based on our current plans and assumptions, we believe our sources of liquidity and access to capital will be adequate to meet our cash requirements as they come due, and we are not currently aware of material cash requirements beyond 12 months other than those described in the Notes to Consolidated Financial Statements.