Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Oct. 01, 2016
Jan. 02, 2016
Current assets:    
Cash and cash equivalents $ 7,505 $ 5,537
Short-term investments 32 65
Accounts receivable, net of allowances of $90 and $17 at October 1, 2016 and January 2, 2016, respectively 2,991 3,236
Inventory 49,471 51,216
Other current assets 3,291 2,475
Total current assets 63,290 62,529
Property and equipment, net 18,005 18,431
Intangible assets, net 1,115 1,476
Other non-current assets 1,056 1,320
Total assets 83,466 83,756
Current liabilities:    
Accounts payable 33,130 25,523
Accrued expenses 7,663 7,267
Revolving loan payable 0 11,759
Current portion of capital leases payable 534 521
Other current liabilities 4,146 3,854
Total current liabilities 45,473 48,924
Capital leases payable, net of current portion 9,915 10,168
Deferred income taxes 650 944
Other non-current liabilities 1,710 1,577
Total liabilities 57,748 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 October 1, 2016 and January 2, 2016 4 4
Common stock, $0.001 par value; 100,000 shares authorized; 34,977 and 34,137 shares issued and outstanding at October 1, 2016 and January 2, 2016 35 34
Additional paid-in capital 179,300 176,873
Accumulated other comprehensive income 456 440
Accumulated deficit (155,107) (157,011)
Total stockholders’ equity 24,688 20,340
Noncontrolling interest 1,030 1,803
Total equity 25,718 22,143
Total liabilities and stockholders’ equity $ 83,466 $ 83,756