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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 03, 2021
Jan. 02, 2021
[1]
Current assets:    
Cash and cash equivalents $ 27,993 $ 11,626
Accounts receivable, net of allowance for doubtful accounts of $250 as of April 3, 2021 and $244 as of January 2, 2021 8,185 7,289
Inventories 7,042 5,714
Prepaid expenses and other current assets 1,001 730
Total current assets 44,221 25,359
Property and equipment, net 719 449
Intangible assets, net 2,349 68
Goodwill 965 533
Operating lease right-of-use assets, net 1,228 1,428
Other long-term assets 77 132
Total assets 49,559 27,969
Current liabilities:    
Accounts payable 1,687 1,148
Accrued compensation 1,873 1,965
Accrued expenses 1,447 990
Other current liabilities 2,274 816
Current portion of PPP loan 2,185 1,249
Accrued warranty 124 166
Deferred revenue 1,812 938
Operating lease liabilities 1,345 1,409
Total current liabilities 12,747 8,681
Long-term liabilities:    
PPP loan 312 1,248
Accrued warranty 81 81
Deferred revenue 10,653 289
Operating lease liabilities 95 282
Other long-term liabilities 22 22
Total liabilities 23,910 10,603
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value: Authorized: 30,000,000 shares; Issued and outstanding 15,522,809 and 13,899,683 shares as of April 3, 2021 and January 2, 2021, respectively 165 148
Additional paid-in capital 84,419 74,181
Accumulated other comprehensive income (loss) 19 (19)
Accumulated deficit (58,954) (56,944)
Total stockholders’ equity 25,649 17,366
Total liabilities and stockholders’ equity $ 49,559 $ 27,969
[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 2, 2021.