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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 27, 2021
Jun. 28, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 8,330 $ 2,969
Restricted cash 0 234
Accounts receivable, less allowance for bad debts of $47 and $269, respectively 911 965
Notes receivable, current 901 546
Deferred contract charges, current 35 44
Prepaid expenses and other 196 174
Total current assets 10,373 4,932
LONG-TERM ASSETS    
Property, plant and equipment, net 445 366
Operating lease right of use asset, net 2,085 3,567
Intangible assets definite-lived, net 183 155
Notes receivable, net of current portion 52 449
Deferred contract charges, net of current portion 207 231
Deposits and other 0 5
Total assets 13,345 9,705
CURRENT LIABILITIES    
Accounts payable - trade 644 446
Accounts payable - lease termination impairments 0 407
Accrued expenses 924 775
Other current liabilities 46 0
Operating lease liability, current 465 632
Short term loan, current 250 0
Convertible notes short term, net of unamortized debt issuance costs and discounts 1,576 0
Deferred revenues, current 626 254
Total current liabilities 4,531 2,514
LONG-TERM LIABILITIES    
Convertible notes, net of current portion 0 1,549
PPP loan 0 657
Operating lease liability, net of current portion 1,911 3,471
Deferred revenues, net of current portion 1,170 960
Other long-term liabilities 0 51
Total liabilities 7,612 9,202
COMMITMENTS AND CONTINGENCIES (SEE NOTE K)
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value; authorized 26,000,000 shares; issued 25,090,058 and 22,550,376 shares, respectively; outstanding 18,004,904 and 15,465,222 shares, respectively 251 225
Additional paid-in capital 37,215 33,531
Accumulated deficit (7,196) (8,716)
Treasury stock at cost Shares in treasury: 7,085,154 and 7,085,154, respectively (24,537) (24,537)
Total shareholders' equity 5,733 503
Total liabilities and shareholders' equity $ 13,345 $ 9,705