Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 28, 2013
Dec. 29, 2012
Current assets:    
Cash and cash equivalents $ 818 $ 1,030
Short-term investments 47 110
Accounts receivable, net of allowances of $213 and $221 at December 28, 2013 and December 29, 2012, respectively 5,029 7,431
Inventory 36,986 42,727
Deferred income taxes   39
Other current assets 3,234 4,176
Total current assets 46,114 55,513
Property and equipment, net 19,663 28,559
Intangible assets, net 1,601 3,227
Other non-current assets 1,804 1,578
Total assets 69,182 88,877
Current liabilities:    
Accounts payable 19,669 28,025
Accrued expenses 5,959 10,485
Revolving loan payable 6,774 16,222
Current portion of capital leases payable 269 70
Other current liabilities 3,682 4,738
Total current liabilities 36,353 59,540
Capital leases payable, net of current portion 9,502 70
Deferred income taxes 335 314
Other non-current liabilities 2,126 1,309
Total liabilities 48,316 61,233
Commitments and contingencies      
Stockholders' equity:    
Common stock, $0.001 par value; 100,000 shares authorized; 33,352 and 31,128 shares issued and outstanding at December 28, 2013 and December 29, 2012, respectively 33 31
Additional paid-in-capital 168,693 159,781
Accumulated other comprehensive income 446 384
Accumulated deficit (148,370) (132,552)
Total stockholders' equity 20,866 27,644
Total liabilities and stockholders' equity 69,182 88,877
Series A Convertible Preferred Stock [Member]
    
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 and 0 shares issued and outstanding at December 28, 2013 and December 29, 2012, respectively 4  
Common stock dividend distributable on Series A convertible preferred stock $ 60