Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (Unaudited)

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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 04, 2015
Jan. 03, 2015
Current assets:    
Cash and cash equivalents $ 6,608 $ 7,653
Short-term investments 59 62
Accounts receivable, net of allowances of $39 and $41 at July 4, 2015 and January 3, 2015, respectively 3,118 3,804
Inventory 45,220 48,362
Other current assets 2,929 2,669
Total current assets 57,934 62,550
Property and equipment, net 17,044 16,966
Intangible assets, net 1,502 1,707
Other non-current assets 1,635 1,684
Total assets 78,115 82,907
Current liabilities:    
Accounts payable 23,854 25,362
Accrued expenses 7,541 7,747
Revolving loan payable 7,986 11,022
Current portion of capital leases payable 339 269
Other current liabilities 4,458 3,505
Total current liabilities 44,178 47,905
Capital leases payable, net of current portion 9,437 9,270
Deferred income taxes 1,163 1,618
Other non-current liabilities 1,673 1,891
Total liabilities $ 56,451 $ 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 July 4, 2015 and January 3, 2015 $ 4 $ 4
Common stock, $0.001 par value; 100,000 shares authorized; 34,001 and 33,624 shares issued and outstanding at July 4, 2015 and January 3, 2015 34 33
Additional paid-in capital 175,274 174,369
Accumulated other comprehensive income 352 360
Accumulated deficit (156,443) (155,489)
Total stockholders’ equity 19,221 19,277
Noncontrolling interest 2,443 2,946
Total equity 21,664 22,223
Total liabilities and stockholders’ equity $ 78,115 $ 82,907