QUICKLOGIC CORPORATION | ||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
(in thousands) | ||||||||
(Unaudited) | ||||||||
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| ||||||||
|
|
| December 29, 2019 |
|
| December 30, 2018 (1) |
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ASSETS |
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|
|
|
|
|
|
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Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
| $ | 21,448 |
|
| $ | 26,363 |
|
Restricted cash |
|
| 100 |
|
|
| 100 |
|
Accounts receivable, net |
|
| 1,991 |
|
|
| 2,209 |
|
Inventories |
|
| 3,260 |
|
|
| 3,836 |
|
Other current assets |
|
| 1,565 |
|
|
| 1,775 |
|
Total current assets |
|
| 28,364 |
|
|
| 34,283 |
|
Property and equipment, net |
|
| 830 |
|
|
| 1,449 |
|
Internal Use Software, net |
|
| 333 |
|
|
| - |
|
Right of use assets |
|
| 2,370 |
|
|
| - |
|
Intangible assets, net |
|
| 1,008 |
|
|
| - |
|
Goodwill |
|
| 185 |
|
|
| - |
|
Other assets |
|
| 314 |
|
|
| 354 |
|
TOTAL ASSETS |
| $ | 33,404 |
|
| $ | 36,086 |
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
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|
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|
|
|
|
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Current liabilities: |
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|
|
|
|
|
|
|
Revolving line of credit |
| $ | 15,000 |
|
| $ | 15,000 |
|
| Trade payables |
|
| 1,003 |
|
|
| 1,488 |
|
| Accrued liabilities |
|
| 1,133 |
|
|
| 1,903 |
|
| Deferred Revenue |
|
| 158 |
|
|
| - |
|
| Current portion of lease obligations |
|
| 704 |
|
|
| 316 |
|
| Total current liabilities |
|
| 17,998 |
|
|
| 18,707 |
|
| Long-term liabilities: |
|
|
|
|
|
|
|
|
| Lease obligations, less current portion |
|
| 1,583 |
|
|
| 108 |
|
| Other long-term liabilities |
|
| - |
|
|
| 16 |
|
| Total liabilities |
|
| 19,581 |
|
|
| 18,831 |
|
| Stockholders' equity: |
|
|
|
|
|
|
|
|
| Common stock, par value (2) |
|
| 8 |
|
|
| 7 |
|
| Additional paid-in capital (2) |
|
| 297,073 |
|
|
| 285,062 |
|
| Accumulated deficit |
|
| (283,258) |
|
|
| (267,814) |
|
| Total stockholders' equity |
|
| 13,823 |
|
|
| 17,255 |
|
| TOTAL LIABILITIES AND STOCKHOLDERS ' EQUITY |
| $ | 33,404 |
|
| $ | 36,086 |
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| (1) | Derived from the December 30, 2018 audited balance sheet included in the 2018 Annual Report on Form 10-K of QuickLogic Corporation. | |||||||
| (2) | Common stock, par value and additional paid-in capital amounts are adjusted to reflect 1-for-14 reverse stock split effected on December 24, 2019. | |||||||
