QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

July 3, 2022

January 2, 2022

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

18,546

$

19,605

Accounts receivable, net

3,560

1,294

Inventories

2,212

2,078

Other current assets

1,201

1,181

Total current assets

25,519

24,158

Property and equipment, net

607

499

Capitalized internal-use software, net

1,343

1,241

Right of use assets

1,141

1,529

Intangible assets, net

699

752

Investment In Non-Affiliate

300

300

Goodwill

185

185

Other assets

195

309

TOTAL ASSETS

$

29,989

$

28,973

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

1,898

934

Accrued liabilities

1,652

1,665

Deferred revenue

142

455

Lease liabilities, current

705

819

Total current liabilities

19,397

18,873

Long-term liabilities:

Lease liabilities, non-current

482

744

Other long-term liabilities

125

147

Total liabilities

20,004

19,764

Stockholders' equity:

Common stock, par value

12

12

Additional paid-in capital

312,686

310,222

Accumulated deficit

(302,713)

(301,025)

Total stockholders' equity

9,985

9,209

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

29,989

$

28,973