Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Jan. 02, 2016
Current assets:    
Cash and cash equivalents $ 6,643 $ 5,537
Short-term investments 30 65
Accounts receivable, net of allowances of $36 and $17 at December 31, 2016 and January 2, 2016, respectively 3,266 3,236
Inventory 50,904 51,216
Other current assets 2,815 2,475
Total current assets 63,658 62,529
Property and equipment, net 16,478 18,431
Intangible assets, net 969 1,476
Other non-current assets 1,029 1,320
Total assets 82,134 83,756
Current liabilities:    
Accounts payable 33,697 25,523
Accrued expenses 6,860 7,267
Revolving loan payable 0 11,759
Current portion of capital leases payable 542 521
Customer deposits 3,718 2,578
Other current liabilities 1,972 1,276
Total current liabilities 46,789 48,924
Capital leases payable, net of current portion 9,770 10,168
Deferred income taxes 156 944
Other non-current liabilities 2,097 1,577
Total liabilities 58,812 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 and 4,150 shares issued and outstanding at December 31, 2016 and January 2, 2016, respectively 4 4
Common stock, $0.001 par value; 100,000 shares authorized; 35,068 and 34,137 shares issued and outstanding at December 31, 2016 and January 2, 2016, respectively (445 of which are treasury stock) 35 34
Treasury stock (1,376) 0
Additional paid-in-capital 180,153 176,873
Accumulated other comprehensive income 557 440
Accumulated deficit (156,520) (157,011)
Total stockholders’ equity 22,853 20,340
Noncontrolling interest 469 1,803
Total equity 23,322 22,143
Total liabilities and equity $ 82,134 $ 83,756