Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements (Tables)

v3.23.1
Fair Value Measurements (Tables)
12 Months Ended
Jan. 02, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following tables summarize the fair values of financial instruments measured at fair value on a recurring basis as of January 2, 2023 and December 31, 2021.
Items Measured at Fair Value at January 2, 2023
(in thousands) Quoted prices in active market for identical assets (liabilities) (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3)
Warrant liability   195   
Total $   $ 195  $  
Items Measured at Fair Value at December 31, 2021
(in thousands) Quoted prices in active market for identical assets (liabilities) (Level 1) Significant other observable inputs (Level 2) Significant unobservable inputs (Level 3)
Warrant liability —  2,706 
Total $ —  $ —  $ 2,706 
Fair Value Measurement Inputs and Valuation Techniques The input variables for the Black-Scholes are noted in the table below:
January 2, 2023 December 31, 2021
Risk-free interest rate 4.14  % 1.11  %
Expected life in years 3.0 years 3.96 years
Expected volatility 68.0  % 41.8  %
Expected dividend yield % %