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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 17,966 $ 23,852 [1]
Accounts receivable, net of allowance for doubtful accounts of $264 as of July 2, 2022 and $268 as of January 1, 2022 6,808 6,610 [1]
Receivable from related party 2,429 3,106 [1]
Inventories 10,176 7,614 [1]
Prepaid expenses and other current assets 2,065 1,071 [1]
Total current assets 39,444 42,253 [1]
Property and equipment, net 431 428 [1]
Intangible assets, net 2,109 2,205 [1]
Goodwill 965 965 [1]
Operating lease right-of-use assets, net 2,098 2,565 [1]
Other long-term assets 599 271 [1]
Total assets 45,646 48,687 [1]
Current liabilities:    
Accounts payable 3,812 2,772 [1]
Payable to related party 180 627 [1]
Accrued compensation 2,303 3,192 [1]
Accrued expenses 1,697 1,575 [1]
Other current liabilities 868 1,098 [1]
Accrued warranty 131 100 [1]
Deferred revenue 2,367 2,355 [1]
Operating lease liabilities 994 927 [1]
Total current liabilities 12,352 12,646 [1]
Long-term liabilities:    
Accrued warranty 76 58 [1]
Deferred revenue 12,540 10,930 [1]
Operating lease liabilities 1,222 1,729 [1]
Other long-term liabilities 24 25 [1]
Total liabilities 26,214 25,388 [1]
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding 0 0 [1]
Issued and outstanding 15,890,778 and 15,876,171 shares as of July 2, 2022 and January 1, 2022, respectively 169 168 [1]
Additional paid-in capital 85,935 85,255 [1]
Accumulated other comprehensive income (loss) 129 45 [1]
Accumulated deficit (66,801) (62,169) [1]
Total stockholders’ equity 19,432 23,299 [1]
Total liabilities and stockholders’ equity $ 45,646 $ 48,687 [1]
[1] Derived from the audited consolidated financial statements included in the Annual Report on Form 10-K filed with the SEC for the year ended January 1, 2022.