QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

July 4, 2021

January 3, 2021

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

18,996

$

22,748

Accounts receivable, net

2,063

1,688

Inventories

2,205

2,688

Other current assets

984

1,066

Total current assets

24,248

28,190

Property and equipment, net

577

548

Capitalized internal-use software, net

1,135

986

Right of use assets

1,483

1,839

Intangible assets, net

806

860

Goodwill

185

185

Other assets

280

280

TOTAL ASSETS

$

28,714

$

32,888

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

1,316

935

Accrued liabilities

1,606

1,340

Deferred revenue

76

52

Lease liabilities, current

674

685

Total current liabilities

18,672

18,012

Long-term liabilities:

Notes payable - non-current

—

1,192

Lease liabilities, non-current

884

1,197

189

—

Total liabilities

19,745

20,401

Stockholders' equity:

Common stock, par value

12

11

Additional paid-in capital

307,117

306,885

Accumulated deficit

(298,160)

(294,409)

Total stockholders' equity

8,969

12,487

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

28,714

$

32,888