QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

December 29, 2019

December 30, 2018 ⁽¹⁾

ASSETS

Current assets:

Cash and cash equivalents

$

21,448

$

26,363

Restricted cash

100

100

Accounts receivable, net

1,991

2,209

Inventories

3,260

3,836

Other current assets

1,565

1,775

Total current assets

28,364

34,283

Property and equipment, net

830

1,449

Internal Use Software, net

333

-

Right of use assets

2,370

-

Intangible assets, net

1,008

-

Goodwill

185

-

Other assets

314

354

TOTAL ASSETS

$

33,404

$

36,086

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

1,003

1,488

Accrued liabilities

1,133

1,903

Deferred Revenue

158

-

Current portion of lease obligations

704

316

Total current liabilities

17,998

18,707

Long-term liabilities:

Lease obligations, less current portion

1,583

108

Other long-term liabilities

-

16

Total liabilities

19,581

18,831

Stockholders' equity:

Common stock, par value ⁽²⁾

8

7

Additional paid-in capital  ⁽²⁾

297,073

285,062

Accumulated deficit

(283,258)

(267,814)

Total stockholders' equity

13,823

17,255

TOTAL LIABILITIES AND STOCKHOLDERS '  EQUITY

$

33,404

$

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.

⁽²⁾ 

Common stock, par value and additional paid-in capital amounts are adjusted to reflect 1-for-14 reverse stock split effected on December 24, 2019.