v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 04, 2026
Jan. 03, 2026
Current assets:    
Cash and cash equivalents $ 4,595 $ 6,028
Accounts receivable, net 6,844 7,613
Receivable from related party 1,572 1,932
Inventories 9,325 7,877
Prepaid expenses and other current assets 2,248 1,802
Total current assets 24,584 25,252
Property and equipment, net 139 58
Intangible assets, net 904 984
Goodwill 965 965
Operating lease right-of-use assets, net 496 768
Other long-term assets 1,186 1,124
Total assets 28,274 29,151
Current liabilities:    
Accounts payable 5,753 5,385
Payable to related party 301 117
Accrued compensation 1,718 2,340
Accrued expenses 692 608
Other current liabilities 1,900 1,899
Deferred revenue, current 2,040 2,160
Operating lease liabilities, current 424 699
Total current liabilities 12,828 13,208
Long-term liabilities:    
Deferred revenue 6,422 6,801
Operating lease liabilities 87 98
Convertible note payable 3,765 3,735
Other long-term liabilities 440 387
Total liabilities 23,542 24,229
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.01 par value: Authorized: 63,500,000 shares; Issued and outstanding 17,395,350 shares as of April 4, 2026 and 17,306,521 as of January 3, 2026 174 174
Additional paid-in capital 91,538 91,208
Accumulated other comprehensive loss (10) (14)
Accumulated deficit (92,970) (92,446)
Total stockholders’ equity 4,732 4,922
Total liabilities, convertible preferred stock, and stockholders' equity 28,274 29,151
Series B convertible preferred stock    
Stockholders’ equity:    
Preferred stock, $0.01 par value Authorized: 2,000,000 shares; Issued and outstanding: 600,000 shares of Series B convertible preferred stock as of both April 4, 2026 and January 3, 2026 (liquidation preference of $6.0 million as of both April 4, 2026 and January 3, 2026) $ 6,000 $ 6,000