v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Operating activities:    
Net loss $ (524) $ (1,686)
Adjustments to reconcile net loss to net cash used in operating activities:    
Loss on extinguishment of convertible note payable 0 1,335
Depreciation and amortization 100 135
Amortization of operating lease right-of-use assets 272 246
Accretion of original issue discount 0 58
Amortization of debt issuance costs 30 78
Stock-based compensation 211 213
Changes in operating assets and liabilities:    
Accounts receivable 769 (729)
Receivable from related party 360 (263)
Inventories (1,448) 675
Prepaid expenses and other current assets (446) (393)
Other long-term assets (62) 96
Accounts payable 368 (1,291)
Payable to related party 184 51
Accrued compensation (622) 343
Accrued expenses 84 492
Deferred revenue (499) (468)
Operating lease liabilities (286) (250)
Other liabilities 174 209
Net cash used in operating activities (1,335) (1,149)
Investing activities:    
Acquisition of property and equipment (101) (11)
Net cash used in investing activities (101) (11)
Financing activities:    
Proceeds from issuance of convertible note payable 0 4,000
Payments on note payable 0 (3,961)
Proceeds from issuance of Series B Preferred stock 0 6,000
Taxes paid related to net share settlements of equity awards (1) 0
Net cash provided by (used in) financing activities (1) 6,039
Effect of foreign exchange rate changes 4 (22)
Net increase (decrease) in cash and cash equivalents (1,433) 4,857
Cash and cash equivalents, beginning of year 6,028 2,387
Cash and cash equivalents, end of year 4,595 7,244
Supplemental disclosure of cash flow activities:    
Cash paid during the period for income taxes 0 24
Supplemental disclosure of non-cash activities:    
Debt issuance cost 0 360
Issuance of common shares in connection to paydown of accrued interest payable 120 0
Issuance of common shares in conjunction with extinguishment of convertible notes payable $ 0 $ 250