Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 03, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash $ 14,141 $ 14,889
Accounts receivable, net 1,361 1,689
Inventory 1,317 1,387
Other current assets 5,288 3,258
TOTAL CURRENT ASSETS 22,107 21,223
PROPERTY & EQUIPMENT, net 23,061 29,035
OPERATING RIGHT-OF-USE ASSET, net 49,804 0
GOODWILL 43,021 98,000
INTANGIBLE ASSETS, net 162,356 168,723
OTHER ASSETS 1,358 738
TOTAL ASSETS 301,707 317,719
CURRENT LIABILITIES    
Accounts payable - trade and other 9,254 7,841
Accrued expenses 8,606 5,302
Short-term operating lease liability 9,505 0
Short-term borrowings, including finance leases 3,491 3,331
Other current liabilities 7,055 7,856
TOTAL CURRENT LIABILITIES 37,911 24,330
NON-CURRENT LIABILITIES    
Long-term borrowings, including finance leases 56,181 56,797
Redeemable preferred stock, $0.0001 par value, 10,000,000 shares authorized, 2,120,000 shares issued and outstanding as of October 3, 2022 and December 31, 2021, $53 million principal redemption value 50,416 47,525
Long-term operating lease liability 41,372 0
Related party note 9,107 8,724
Deferred income taxes 903 1,353
Other non-current liabilities 1,602 5,715
TOTAL LIABILITIES 197,492 144,444
COMMITMENTS AND CONTINGENCIES - Note 7
STOCKHOLDERS' EQUITY    
Common stock, $0.0001 par value, 100,000,000 shares authorized, 22,253,232 and 21,303,500 shares issued and outstanding as of October 3, 2022 and December 31, 2021, respectively 2 2
Additional paid-in capital 305,201 296,992
Accumulated deficit (200,988) (123,719)
TOTAL STOCKHOLDERS' EQUITY 104,215 173,275
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 301,707 $ 317,719