QUICKLOGIC CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(Unaudited)

April 4, 2021

January 3, 2021

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

20,935

$

22,748

Accounts receivable, net

1,302

1,688

Inventories

2,490

2,688

Other current assets

1,367

1,066

Total current assets

26,094

28,190

Property and equipment, net

631

548

Capitalized internal-use software, net

1,066

986

Right of use assets

1,661

1,839

Intangible assets, net

833

860

Goodwill

185

185

Other assets

283

280

TOTAL ASSETS

$

30,753

$

32,888

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

1,375

935

Accrued liabilities

1,546

1,340

Deferred revenue

166

52

Lease liabilities, current

711

685

Total current liabilities

18,798

18,012

Long-term liabilities:

Notes payable - non-current

—

1,192

Lease liabilities, non-current

1,043

1,197

230

—

Total liabilities

20,071

20,401

Stockholders' equity:

Common stock, par value

11

11

Additional paid-in capital

306,769

306,885

Accumulated deficit

(296,098)

(294,409)

Total stockholders' equity

10,682

12,487

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

30,753

$

32,888