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. 03, 2015
Jan. 03, 2015
Current assets:    
Cash and cash equivalents $ 5,676 $ 7,653
Short-term investments 63 62
Accounts receivable, net of allowances of $7 and $41 at October 3, 2015 and January 3, 2015, respectively 3,543 3,804
Inventory 46,185 48,362
Other current assets 3,338 2,669
Total current assets 58,805 62,550
Property and equipment, net 18,514 16,966
Intangible assets, net 1,387 1,707
Other non-current assets 1,555 1,684
Total assets 80,261 82,907
Current liabilities:    
Accounts payable 24,802 25,362
Accrued expenses 7,471 7,747
Revolving loan payable 8,291 11,022
Current portion of capital leases payable 551 269
Other current liabilities 4,161 3,505
Total current liabilities 45,276 47,905
Capital leases payable, net of current portion 10,278 9,270
Deferred income taxes 939 1,618
Other non-current liabilities 1,659 1,891
Total liabilities $ 58,152 $ 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 shares issued and outstanding at October 3, 2015 and January 3, 2015 $ 4 $ 4
Common stock, $0.001 par value; 100,000 shares authorized; 34,067 and 33,624 shares issued and outstanding at October 3, 2015 and January 3, 2015 34 33
Additional paid-in capital 176,060 174,369
Accumulated other comprehensive income 360 360
Accumulated deficit (156,496) (155,489)
Total stockholders’ equity 19,962 19,277
Noncontrolling interest 2,147 2,946
Total equity 22,109 22,223
Total liabilities and stockholders’ equity $ 80,261 $ 82,907