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

October 2, 2022

January 2, 2022

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

20,036

$

19,605

Accounts receivable, net(1)

3,905

1,294

Inventories

2,201

2,078

Other current assets

1,357

1,181

Total current assets

27,499

24,158

Property and equipment, net

514

499

Capitalized internal-use software, net

1,451

1,241

Right of use assets

944

1,529

Intangible assets, net

672

752

Goodwill

185

185

Investment In Non-Affiliate

300

300

Other assets

191

309

TOTAL ASSETS

$

31,756

$

28,973

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

1,602

934

Accrued liabilities

1,513

1,665

Deferred revenue

216

455

Lease liabilities, current

646

819

Total current liabilities

18,977

18,873

Long-term liabilities:

Lease liabilities, non-current

346

744

Other long-term liabilities

125

147

Total liabilities

19,448

19,764

Stockholders' equity:

Common stock, par value

13

12

Additional paid-in capital

316,355

310,222

Accumulated deficit

(304,060)

(301,025)

Total stockholders' equity

12,308

9,209

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

31,756

$

28,973

(1) Accounts receivables includes contract assets of $1,459 and $243, respectively