QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

October 3, 2021

January 3, 2021

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

19,581

$

22,748

Accounts receivable, net

2,012

1,688

Inventories

2,182

2,688

Other current assets

1,157

1,066

Total current assets

24,932

28,190

Property and equipment, net

542

548

Capitalized internal-use software, net

1,191

986

Right of use assets

1,722

1,839

Intangible assets, net

779

860

Goodwill

185

185

Other assets

279

280

TOTAL ASSETS

$

29,630

$

32,888

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

1,376

935

Accrued liabilities

1,591

1,340

Deferred revenue

94

52

Lease liabilities, current

803

685

Total current liabilities

18,864

18,012

Long-term liabilities:

Notes payable - non-current

—

1,192

Lease liabilities, non-current

993

1,197

Other long-term liabilities

167

—

Total liabilities

20,024

20,401

Stockholders' equity:

Common stock, par value

12

11

Additional paid-in capital

309,036

306,885

Accumulated deficit

(299,442)

(294,409)

Total stockholders' equity

9,606

12,487

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

29,630

$

32,888