QUICKLOGIC CORPORATION | ||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
(in thousands) | ||||||||
(Unaudited) | ||||||||
|
| ||||||||
|
|
| September 29, 2019 |
|
| December 30, 2018 (1) |
| ||
ASSETS |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
| $ | 24,722 |
|
| $ | 26,363 |
|
Restricted cash |
|
| 100 |
|
|
| 100 |
|
Accounts receivable, net |
|
| 1,259 |
|
|
| 2,209 |
|
Inventories |
|
| 3,378 |
|
|
| 3,836 |
|
Other current assets |
|
| 1,506 |
|
|
| 1,775 |
|
Total current assets |
|
| 30,965 |
|
|
| 34,283 |
|
Property and equipment, net |
|
| 1,033 |
|
|
| 1,449 |
|
Right of use assets |
|
| 2,170 |
|
|
| - |
|
Intangible assets, net |
|
| 1,045 |
|
|
| - |
|
Goodwill |
|
| 282 |
|
|
| - |
|
Other assets |
|
| 306 |
|
|
| 354 |
|
TOTAL ASSETS |
| $ | 35,801 |
|
| $ | 36,086 |
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Revolving line of credit |
| $ | 15,000 |
|
| $ | 15,000 |
|
Trade payables |
|
| 1,004 |
|
|
| 1,488 |
|
Accrued liabilities |
|
| 1,474 |
|
|
| 1,903 |
|
| Current portion of lease obligations |
|
| 662 |
|
|
| 316 |
|
| Total current liabilities |
|
| 18,140 |
|
|
| 18,707 |
|
| Long-term liabilities: |
|
|
|
|
|
|
|
|
| Lease obligations, less current portion |
|
| 1,423 |
|
|
| 108 |
|
| Other long-term liabilities |
|
| - |
|
|
| 16 |
|
| Total liabilities |
|
| 19,563 |
|
|
| 18,831 |
|
| Stockholders' equity: |
|
|
|
|
|
|
|
|
| Common stock, par value |
|
| 116 |
|
|
| 95 |
|
| Additional paid-in capital |
|
| 296,317 |
|
|
| 284,974 |
|
| Accumulated deficit |
|
| (280,195) |
|
|
| (267,814) |
|
| Total stockholders' equity |
|
| 16,238 |
|
|
| 17,255 |
|
| TOTAL LIABILITIES AND STOCKHOLDERS ' EQUITY |
| $ | 35,801 |
|
| $ | 36,086 |
|
|
|
|
|
|
|
|
|
| (1) | Derived from the December 30, 2018 audited balance sheet included in the 2018 Annual Report on Form 10-K of QuickLogic Corporation. | |||||
