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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 27, 2022
Jun. 27, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 7,237 $ 8,330
Accounts receivable, less allowance for bad debts of $22 and $47, respectively 1,175 911
Notes receivable, current 443 901
Deferred contract charges, current 36 35
Prepaid expenses and other 131 196
Total current assets 9,022 10,373
LONG-TERM ASSETS    
Property, plant and equipment, net 365 445
Operating lease right of use asset, net 1,771 2,085
Intangible assets definite-lived, net 196 183
Notes receivable, net of current portion 242 52
Deferred contract charges, net of current portion 223 207
Total assets 11,819 13,345
CURRENT LIABILITIES    
Accounts payable - trade 615 644
Accrued expenses 749 924
Other current liabilities 46 46
Operating lease liability, current 483 465
Short term loan, current 60 250
Convertible notes short term, net of unamortized debt issuance costs and discounts 0 1,576
Deferred revenues, current 430 626
Total current liabilities 2,383 4,531
LONG-TERM LIABILITIES    
Operating lease liability, net of current portion 1,546 1,911
Deferred revenues, net of current portion 795 1,170
Total liabilities 4,724 7,612
COMMITMENTS AND CONTINGENCIES (SEE NOTE D)
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value; authorized 26,000,000 shares; issued 25,090,058 and 25,090,058 shares, respectively; outstanding 18,004,904 and 18,004,904 shares, respectively 251 251
Additional paid-in capital 37,342 37,215
Accumulated deficit (5,961) (7,196)
Treasury stock at cost Shares in treasury: 7,085,154 and 7,085,154, respectively (24,537) (24,537)
Total shareholders' equity 7,095 5,733
Total liabilities and shareholders' equity $ 11,819 $ 13,345