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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jan. 01, 2022
Jan. 02, 2021
Current assets:    
Cash and cash equivalents $ 23,852 $ 11,626
Accounts receivable, net of allowance for doubtful accounts of $268 as of January 1, 2022 and $244 as of January 2, 2021 6,610 7,289
Receivable from related party 3,106  
Inventories 7,614 5,714
Prepaid expenses and other current assets 1,071 730
Total current assets 42,253 25,359
Property and equipment, net 428 449
Intangible assets, net 2,205 68
Goodwill 965 533
Operating lease right-of-use assets, net 2,565 1,428
Other long-term assets 271 132
Total assets 48,687 27,969
Current liabilities:    
Accounts payable 2,772 1,148
Payable to related party 627  
Accrued compensation 3,192 1,965
Accrued expenses 1,575 990
Other current liabilities 1,098 816
Current portion of PPP loan   1,249
Accrued warranty 100 166
Deferred revenue 2,355 938
Operating lease liabilities 927 1,409
Total current liabilities 12,646 8,681
Long-term liabilities:    
PPP loan   1,248
Accrued warranty 58 81
Deferred revenue 10,930 289
Operating lease liabilities 1,729 282
Other long-term liabilities 25 22
Total liabilities 25,388 10,603
Commitments and contingencies (Note 12)
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 15,876,171 and 13,899,683 shares as of January 1, 2022 and January 2, 2021, respectively 168 148
Additional paid-in capital 85,255 74,181
Accumulated other comprehensive income (loss) 45 (19)
Accumulated deficit (62,169) (56,944)
Total stockholders’ equity 23,299 17,366
Total liabilities and stockholders’ equity $ 48,687 $ 27,969