Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Operating activities    
Net loss $ 1,051 $ 2,103
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization expense 3,919 2,957
Amortization of intangible assets 11 28
Share-based compensation expense 3,899 3,992
Stock awards issued for non-employee director service 6 6
Stock awards related to officers and directors stock purchase plan from payroll deferral   23
Amortization of deferred financing costs 16 4
Changes in operating assets and liabilities:    
Accounts receivable (3,362) (1,445)
Inventory 23,662 (19,087)
Other current assets (511) (998)
Other non-current assets (55) (503)
Accounts payable and accrued expenses 2,399 18,296
Other current liabilities 1,450 (136)
Right-of-use obligation - operating leases - current 181 125
Right-of-use obligation - operating leases - long-term (117) (1)
Other non-current liabilities 232 (98)
Net cash provided by (used in) operating activities 32,781 5,266
Investing activities    
Additions to property and equipment (2,745) (3,760)
Net cash used in investing activities (2,745) (3,760)
Financing activities    
Borrowings from revolving loan payable 76 5,032
Payments made on revolving loan payable (76) (32)
Payments on finance leases (1,242) (844)
Net proceeds from issuance of common stock 221 431
Proceeds from exercise of stock options 1,523 792
Net cash (used in) provided by financing activities 502 5,379
Effect of exchange rate changes on cash   6
Net change in cash and cash equivalents 30,538 6,891
Cash and cash equivalents, beginning of period 18,767  
Cash and cash equivalents, end of period 49,305 25,035
Supplemental disclosure of non-cash investing and financing activities:    
Right-of-use finance asset acquired   3,206
Accrued asset purchases 312 1,560
Share-based compensation expense capitalized in property and equipment 271 314
Stock issued for services   81
Supplemental disclosure of cash flow information:    
Cash paid during the period for income taxes (34) 15
Cash paid during the period for interest $ 381 $ 306