QUICKLOGIC CORPORATION | |||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | |||||||
(in thousands) | |||||||
(Unaudited) | |||||||
|
| |||||||
|
|
| March 29, 2020 |
|
| December 29, 2019 (1) | ||
ASSETS |
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
Cash and cash equivalents |
| $ | 18,898 |
|
| $ | 21,448 |
Restricted cash |
|
| 100 |
|
|
| 100 |
Accounts receivable, net |
|
| 1,376 |
|
|
| 1,991 |
Inventories |
|
| 3,085 |
|
|
| 3,260 |
Other current assets |
|
| 1,285 |
|
|
| 1,565 |
Total current assets |
|
| 24,744 |
|
|
| 28,364 |
Property and equipment, net |
|
| 713 |
|
|
| 830 |
Internal-use software |
|
| 561 |
|
|
| 333 |
Right of use assets |
|
| 2,444 |
|
|
| 2,370 |
Intangible assets, net |
|
| 971 |
|
|
| 1,008 |
Goodwill |
|
| 185 |
|
|
| 185 |
Other assets |
|
| 293 |
|
|
| 314 |
TOTAL ASSETS |
| $ | 29,911 |
|
| $ | 33,404 |
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
Revolving line of credit |
| $ | 15,000 |
|
| $ | 15,000 |
Trade payables |
|
| 944 |
|
|
| 1,003 |
Accrued liabilities |
|
| 1,223 |
|
|
| 1,133 |
| Deferred revenue |
|
| 95 |
|
|
| 158 |
| Current portion of capital lease obligations |
|
| 775 |
|
|
| 704 |
| Total current liabilities |
|
| 18,037 |
|
|
| 17,998 |
| Long-term liabilities: |
|
|
|
|
|
|
|
| Capital lease obligations, less current portion |
|
| 1,639 |
|
|
| 1,583 |
| Total liabilities |
|
| 19,676 |
|
|
| 19,581 |
| Stockholders' equity: |
|
|
|
|
|
|
|
| Common stock, par value (2) |
|
| 8 |
|
|
| 8 |
| Additional paid-in capital (2) |
|
| 296,650 |
|
|
| 297,073 |
| Accumulated deficit |
|
| (286,423) |
|
|
| (283,258) |
| Total stockholders' equity |
|
| 10,235 |
|
|
| 13,823 |
| TOTAL LIABILITIES AND STOCKHOLDERS ' EQUITY |
| $ | 29,911 |
|
| $ | 33,404 |
|
|
|
|
|
| (1) | Derived from the December 29, 2019 audited balance sheet included in the 2019 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 23, 2019. | ||
