Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jul. 03, 2021
Jun. 27, 2020
Operating activities    
Net (loss) income $ (650) $ 590
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization expense 4,550 3,532
Amortization of intangible assets 55 50
Share-based compensation expense 7,272 4,385
Stock awards issued for non-employee director service 12 12
Loss from disposition of assets   1
Amortization of deferred financing costs 9 9
Changes in operating assets and liabilities:    
Accounts receivable (676) (2,609)
Inventory (24,649) (12,883)
Other current assets 1,316 (1,597)
Other non-current assets 540 (296)
Accounts payable and accrued expenses 12,883 32,055
Other current liabilities 42 1,671
Right-of-use obligation - operating leases - current 430 483
Right-of-use obligation - operating leases - long-term (76) (383)
Other non-current liabilities (77) 148
Net cash provided by operating activities 981 25,168
Investing activities    
Additions to property and equipment (5,398) (3,840)
Net cash used in investing activities (5,398) (3,840)
Financing activities    
Borrowings from revolving loan payable 90 1,273
Payments made on revolving loan payable (90) (1,273)
Proceeds from notes payable   4,107
Payments of notes payable   (5,333)
Payments on finance leases (990) (315)
Statutory tax withholding payment for share-based compensation (3) (85)
Proceeds from exercise of stock options 2,779 2,893
Net cash provided by financing activities 1,786 1,267
Effect of exchange rate changes on cash (22) (8)
Net change in cash and cash equivalents (2,653) 22,587
Cash and cash equivalents, beginning of period 35,802 2,273
Cash and cash equivalents, end of period 33,149 24,860
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use operating asset acquired 17 9,065
Right-of-use finance asset acquired 3,629 385
Accrued asset purchases 1,954 665
Share-based compensation expense capitalized in property and equipment 1,018 155
Stock issued for services 389  
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes 65 90
Cash paid during the period for interest $ 543 $ 1,125