Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 02, 2016
Jan. 03, 2015
Current assets:    
Cash and cash equivalents $ 5,537 $ 7,653
Short-term investments 65 62
Accounts receivable, net of allowances of $17 and $41 at January 2, 2016 and January 3, 2015, respectively 3,236 3,804
Inventory 51,216 48,362
Other current assets 2,475 2,669
Total current assets 62,529 62,550
Property and equipment, net 18,431 16,966
Intangible assets, net 1,476 1,707
Other non-current assets 1,320 1,684
Total assets 83,756 82,907
Current liabilities:    
Accounts payable 25,523 25,362
Accrued expenses 7,267 7,747
Revolving loan payable 11,759 11,022
Current portion of capital leases payable 521 269
Other current liabilities 3,854 3,505
Total current liabilities 48,924 47,905
Capital leases payable, net of current portion 10,168 9,270
Deferred income taxes 944 1,618
Other non-current liabilities 1,577 1,891
Total liabilities $ 61,613 $ 60,684
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 January 2, 2016 and January 3, 2015, respectively $ 4 $ 4
Common stock, $0.001 par value; 100,000 shares authorized; 34,137 and 33,624 shares issued and outstanding at January 2, 2016 and January 3, 2015, respectively 34 33
Additional paid-in-capital 176,873 174,369
Accumulated other comprehensive income 440 360
Accumulated deficit (157,011) (155,489)
Total stockholders’ equity 20,340 19,277
Noncontrolling interest 1,803 2,946
Total equity 22,143 22,223
Total liabilities and equity $ 83,756 $ 82,907