Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 02, 2016
Jan. 02, 2016
Current assets:    
Cash and cash equivalents $ 4,542 $ 5,537
Short-term investments 65 65
Accounts receivable, net of allowances of $34 and $17 at April 2, 2016 and January 2, 2016, respectively 3,461 3,236
Inventory 46,937 51,216
Other current assets 3,109 2,475
Total current assets 58,114 62,529
Property and equipment, net 18,138 18,431
Intangible assets, net 1,356 1,476
Other non-current assets 1,253 1,320
Total assets 78,861 83,756
Current liabilities:    
Accounts payable 27,635 25,523
Accrued expenses 7,679 7,267
Revolving loan payable 3,000 11,759
Current portion of capital leases payable 530 521
Other current liabilities 4,456 3,854
Total current liabilities 43,300 48,924
Capital leases payable, net of current portion 10,128 10,168
Deferred income taxes 766 944
Other non-current liabilities 1,566 1,577
Total liabilities $ 55,760 $ 61,613
Commitments and contingencies
Stockholders’ equity:    
Series A convertible preferred stock, $0.001 par value; $1.45 per share liquidation value or aggregate of $6,017; 4,150 shares authorized; 4,150 shares issued and outstanding at April 2, 2016 and January 2, 2016 $ 4 $ 4
Common stock, $0.001 par value; 100,000 shares authorized; 34,675 and 34,137 shares issued and outstanding at April 2, 2016 and January 2, 2016 35 34
Additional paid-in capital 176,919 176,873
Accumulated other comprehensive income 421 440
Accumulated deficit (155,819) (157,011)
Total stockholders’ equity 21,560 20,340
Noncontrolling interest 1,541 1,803
Total equity 23,101 22,143
Total liabilities and stockholders’ equity $ 78,861 $ 83,756