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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 29, 2025
Dec. 29, 2024
Current assets:    
Cash and cash equivalents $ 1,534 $ 4,460
Accounts receivable 3,325 2,158
Inventory, net 37,349 34,036
Assets for recovery 4,020 2,383
Income tax refund receivable, net 1,149 4,177
Prepaids and other current assets 4,219 4,287
Total current assets 51,596 51,501
Property and equipment, net 3,026 3,642
Goodwill 7,056 7,056
Tradename 18,509 18,509
Intangible assets, net 2,650 2,762
Lease right-of-use assets 17,471 24,030
Other noncurrent assets 652 698
Total assets 100,960 108,198
Current liabilities:    
Accounts payable 6,403 10,991
Accrued expenses and other current liabilities 27,717 15,985
Returns reserve 16,530 9,765
Stored-value card liability 19,927 17,883
Revolving line of credit 5,750 13,090
Lease liabilities, current 6,402 6,611
Total current liabilities 82,729 74,325
Lease liabilities, noncurrent 13,073 19,653
Other noncurrent liabilities 905 852
Total liabilities 96,707 94,830
Commitments and Contingencies (Note 7)
Stockholders' equity:    
Preferred stock: $0.001 par value, 10,000,000 shares authorized, and no shares issued or outstanding
Common stock: $0.001 par value, 250,000,000 shares authorized; 2,878,213 and 2,804,542 shares issued and outstanding as of June 29, 2025 and December 29, 2024, respectively [1] 43 42
Additional paid-in capital 264,932 262,313
Accumulated deficit (259,484) (248,491)
Treasury stock, at cost, 112,092 shares and 22,621 shares as of June 29, 2025 and December 29, 2024, respectively [1] (1,238) (496)
Total stockholders' equity 4,253 13,368
Total liabilities and stockholders' equity $ 100,960 $ 108,198
[1] Shares have been adjusted to reflect the 1-for-15 reverse stock split that became effective as of the opening of business on July 7, 2025. Refer to Note 2, Significant Accounting Policies in the accompanying Notes to the Condensed Consolidated Financial Statements for additional details.