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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 02, 2022
Jan. 01, 2022
[1]
Current assets:    
Cash and cash equivalents $ 20,621 $ 23,852
Accounts receivable, net of allowance for doubtful accounts of $264 as of April 2, 2022 and $268 as of January 1, 2022 7,042 6,610
Receivable from related party 3,409 3,106
Inventories 9,091 7,614
Prepaid expenses and other current assets 1,766 1,071
Total current assets 41,929 42,253
Property and equipment, net 363 428
Intangible assets, net 2,157 2,205
Goodwill 965 965
Operating lease right-of-use assets, net 2,332 2,565
Other long-term assets 278 271
Total assets 48,024 48,687
Current liabilities:    
Accounts payable 3,454 2,772
Payable to related party 899 627
Accrued compensation 2,325 3,192
Accrued expenses 1,646 1,575
Other current liabilities 853 1,098
Accrued warranty 117 100
Deferred revenue 2,356 2,355
Operating lease liabilities 938 927
Total current liabilities 12,588 12,646
Long-term liabilities:    
Accrued warranty 76 58
Deferred revenue 12,531 10,930
Operating lease liabilities 1,479 1,729
Other long-term liabilities 24 25
Total liabilities 26,698 25,388
Commitments and contingencies (Note 7)
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 15,862,523 and 13,899,683 shares as of October 2, 2021 and January 2, 2021, respectively 168 168
Additional paid-in capital 85,645 85,255
Accumulated other comprehensive income 73 45
Accumulated deficit (64,560) (62,169)
Total stockholders’ equity 21,326 23,299
Total liabilities and stockholders’ equity $ 48,024 $ 48,687
[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.