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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
May 04, 2024
Apr. 29, 2023
Cash flows from operating activities:    
Net loss $ (8,830,000) $ (12,107,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of property and equipment 2,624,000 3,257,000
Amortization of debt issue costs 131,000 20,000
Asset impairment 11,000 225,000
Gain on disposal of property and equipment (6,000) (21,000)
Stock-based compensation expense 292,000 490,000
Changes in assets and liabilities:    
Inventories, net (1,699,000) 739,000
Prepaid expenses and other current assets 1,063,000 184,000
Accounts payable (5,653,000) (5,792,000)
Accrued expenses (133,000) (570,000)
Operating lease assets and liabilities (1,365,000) (1,555,000)
Other assets and liabilities (90,000) 349,000
Net cash used in operating activities (13,655,000) (14,781,000)
Cash flows from investing activities:    
Proceeds from sale of property and equipment 6,000 60,000
Capital expenditures (770,000) (846,000)
Net cash used in investing activities (764,000) (786,000)
Cash flows from financing activities:    
Borrowings on revolving line of credit 9,000,000 21,000,000
Repayments on revolving line of credit (4,100,000) (3,000,000)
Borrowings on term loan 10,000,000 0
Debt issuance costs (399,000) (456,000)
Cash used in net share settlement of stock options and restricted stock units (51,000) (76,000)
Net cash provided by financing activities 14,450,000 17,468,000
Cash and cash equivalents:    
Net increase 31,000 1,901,000
Beginning of the period 3,805,000 5,171,000
End of the period 3,836,000 7,072,000
Supplemental schedule of non-cash activities:    
Non-cash accruals for purchases of property and equipment 390,000 844,000
Non-cash accruals for debt issuance costs $ 860,000 $ 0