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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 03, 2021
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 26,259 $ 11,626 [1]
Accounts receivable, net of allowance for doubtful accounts of $250 as of July 3, 2021 and $244 as of January 2, 2021 8,599 7,289 [1]
Inventories 7,962 5,714 [1]
Prepaid expenses and other current assets 911 730 [1]
Total current assets 43,731 25,359 [1]
Property and equipment, net 646 449 [1]
Intangible assets, net 2,301 68 [1]
Goodwill 965 533 [1]
Operating lease right-of-use assets, net 2,821 1,428 [1]
Other long-term assets 56 132 [1]
Total assets 50,520 27,969 [1]
Current liabilities:    
Accounts payable 2,249 1,148 [1]
Accrued compensation 2,068 1,965 [1]
Accrued expenses 1,454 990 [1]
Other current liabilities 2,193 816 [1]
Current portion of PPP loan [1]   1,249
Accrued warranty 99 166 [1]
Deferred revenue 2,005 938 [1]
Operating lease liabilities 854 1,409 [1]
Total current liabilities 10,922 8,681 [1]
Long-term liabilities:    
PPP loan [1]   1,248
Accrued warranty 81 81 [1]
Deferred revenue 10,479 289 [1]
Operating lease liabilities 2,136 282 [1]
Other long-term liabilities 22 22 [1]
Total liabilities 23,640 10,603 [1]
Commitments and contingencies (Note 8) [1]
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding [1]
Common stock, $0.01 par value: Authorized: 30,000,000 shares: Issued and outstanding 15,783,704 and 13,899,683 shares as of July 3, 2021 and January 2, 2021, respectively 167 148 [1]
Additional paid-in capital 84,265 74,181 [1]
Accumulated other comprehensive income (loss) 9 (19) [1]
Accumulated deficit (57,561) (56,944) [1]
Total stockholders’ equity 26,880 17,366 [1]
Total liabilities and stockholders’ equity $ 50,520 $ 27,969 [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 2, 2021.