Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 30, 2019

Accounting Policies [Abstract]

Schedule of financial instruments measured at fair value

The following table sets forth the Company’s financial instruments that were measured at fair value on a recurring basis based on the fair value hierarchy (in thousands):

	March 30, 2019
	Level 1		Level 2		Level 3		Total
Financial Liabilities:
Preferred stock warrant liability	$	—	$	—	$	1,998	$	1,998
Common stock warrant liability	—		—		679		679
Total	$	—	$	—	$	2,677	$	2,677
	December 31, 2018
	Level 1		Level 2		Level 3		Total
Financial Liabilities:
Preferred stock warrant liability	$	—	$	—	$	1,441	$	1,441
Common stock warrant liability	—		—		477		477
Total	$	—	$	—	$	1,918	$	1,918

Schedule of assumptions used for valuation

The key assumptions used in the Black-Scholes option-pricing model for the valuation of the preferred stock warrant liability and common stock warrant liability upon re-measurement were as follows:

	For the Three Months Ended
	March 30, 2019			March 31, 2018
Expected term (in years)	2.0			3.0
Fair value of underlying shares	$	19.49		$	3.00
Volatility	55.0		%	55.0		%
Risk-free interest rate	2.27		%	1.98		%
Dividend yield	—			—

Summary of changes in fair value

The following table sets forth a summary of the changes in the fair value of the preferred and common stock warrant liabilities:

	For the Three Months Ended
(in thousands)	March 30, 2019		March 31, 2018
Beginning balance	$	1,918	$	550
Change in fair value of warrant liability	759		129
Ending balance	$	2,677	$	679

Schedule of net revenues by platform and channel

The Company’s net revenues by platform and channel are included in the tables below:

	For the Three Months Ended
(in thousands)	March 30, 2019			March 31, 2018
Net revenues:
Fresh Platform	$	38,806		$	9,596
Frozen Platform	4,512			4,748
Less: Discounts	(3,112		)	(1,568		)
Net revenues	$	40,206		$	12,776

	For the Three Months Ended
(in thousands)	March 30, 2019		March 31, 2018
Net revenues:
Retail	$	19,579	$	9,288
Restaurant and Foodservice	20,627		3,488
Net revenues	$	40,206	$	12,776