v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 04, 2026
Jan. 03, 2026
Current assets:    
Cash and cash equivalents $ 4,680 $ 6,028
Accounts receivable, net 5,674 7,613
Receivable from related party 1,415 1,932
Inventories 9,752 7,877
Prepaid expenses and other current assets 2,437 1,802
Total current assets 23,958 25,252
Property and equipment, net 182 58
Intangible assets, net 825 984
Goodwill 965 965
Operating lease right-of-use assets, net 220 768
Other long-term assets 1,108 1,124
Total assets 27,258 29,151
Current liabilities:    
Accounts payable 6,650 5,385
Payable to related party 159 117
Accrued compensation 1,634 2,340
Accrued expenses 760 608
Other current liabilities 1,683 1,899
Deferred revenue, current 2,146 2,160
Operating lease liabilities, current 141 699
Total current liabilities 13,173 13,208
Long-term liabilities:    
Deferred revenue 6,078 6,801
Operating lease liabilities 77 98
Convertible note payable 3,795 3,735
Other long-term liabilities 496 387
Total liabilities 23,619 24,229
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.01 par value: Authorized: 63,500,000 shares; Issued and outstanding 17,452,915 shares as of July 4, 2026 and 17,306,521 as of January 3, 2026 174 174
Additional paid-in capital 91,712 91,208
Accumulated other comprehensive loss (11) (14)
Accumulated deficit (94,236) (92,446)
Total stockholders’ equity 3,639 4,922
Total liabilities and stockholders' equity 27,258 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 July 4, 2026 and January 3, 2026 (liquidation preference of $6.0 million as of both July 4, 2026 and January 3, 2026) $ 6,000 $ 6,000