Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Jan. 01, 2022
Jan. 02, 2021
Operating activities      
Net loss $ (951) $ (10,339) $ (1,513)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:      
Depreciation and amortization expense 13,607 9,895 7,657
Amortization of intangible assets 108 110 102
Share-based compensation expense 11,296 15,685 7,778
Stock awards issued for non-employee director service 22 23 24
Stock awards related to officers and directors stock purchase plan from payroll deferral 26    
(Gain) loss from disposition of assets (41) 52  
Amortization of deferred financing costs 53 18 18
Changes in operating assets and liabilities:      
Accounts receivable (1,424) 1,303 (3,650)
Inventory 2,825 (49,535) (36,815)
Other current assets (141) 1,340 (2,983)
Other non-current assets (636) 551 (1,056)
Accounts payable and accrued expenses (9,629) 22,436 8,398
Other current liabilities (129) 374 1,120
Right-of-use obligation - operating leases - current 402 1,696 1,143
Right-of-use obligation - operating leases - long-term (200) (836) (321)
Other non-current liabilities 180 239 1,030
Net cash provided by (used in) operating activities 15,368 (6,988) (19,068)
Investing activities      
Additions to property and equipment (12,585) (11,578) (9,657)
Payment for intangible assets     (101)
Proceeds from sale of property and equipment 68 27  
Net cash used in investing activities (12,517) (11,551) (9,758)
Financing activities      
Borrowings from revolving loan payable 10,417 131 1,415
Payments made on revolving loan payable (10,417) (131) (1,415)
Proceeds from notes payable     4,107
Payments of notes payable     (5,333)
Repurchase of treasury stock   (524)  
Payments on finance leases (4,232) (2,164) (1,005)
Net proceeds from issuance of common stock for ESPP 795    
Net proceeds from issuance of common stock     60,461
Statutory tax withholding payment for share-based compensation   (3) (93)
Proceeds from exercise of stock options 1,284 3,661 4,257
Payment of registration costs of common stock   (68)  
Preferred stock dividends paid     (33)
Net cash (used in) provided by financing activities (2,153) 902 62,361
Effect of exchange rate changes on cash (75) (21) (6)
Net change in cash and cash equivalents 623 (17,658) 33,529
Cash and cash equivalents, beginning of period 18,144 35,802 2,273
Cash and cash equivalents, end of period 18,767 18,144 35,802
Supplemental disclosure of non-cash investing and financing activities:      
Right-of-use operating asset acquired   15,000 15,508
Right-of-use finance asset acquired 9,206 4,975 4,766
Accrued asset purchases 624 1,764 1,822
Share-based compensation expense capitalized in property and equipment 1,180 2,159 659
Stock issued for services 81 778  
Supplemental disclosure of cash flow information:      
Cash paid during the period for income taxes 649 88 135
Cash paid during the period for interest $ 1,366 $ 1,102 $ 1,834