Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Apr. 03, 2023
Mar. 31, 2022
Cash Flows (Used In) Provided By Operating Activities    
Net loss $ (9,151) $ (13,560)
Adjustments to reconcile net loss income to net cash (used in) provided by operating activities    
Depreciation and amortization 3,227 4,444
Share-based compensation 4,674 7,376
Loss on legal settlement 131 0
Non-cash lease cost 123 478
Loss on change in value of warrant liability 73 534
Loss on disposal of property and equipment 20 312
Deferred income taxes 0 (112)
Other non-cash interest 1,167 1,090
Other, net (242) (45)
Changes in operating assets and liabilities    
Accounts receivable (194) 209
Inventory (108) (48)
Prepaid expenses and other assets (20) 580
Accounts payable - trade 426 (63)
Accrued expenses and other current liabilities (2,176) 1,566
Other long-term liabilities 89 (900)
Cash Flows (Used In) Provided By Operating Activities (1,961) 1,861
Net Cash Flows Used In Investing Activities    
Purchases of property and equipment (802) (693)
Net Cash Flows Used In Investing Activities (802) (693)
Net Cash Flows Used In Financing Activities    
Payments on borrowings (4,836) (1,713)
Proceeds from related party note payable 5,100 0
Tax payments for restricted stock upon vesting (353) (985)
Repayments of finance leases (39) (36)
Net Cash Flows Used in Financing Activities (128) (2,734)
Net Decrease in Cash and Cash Equivalents (2,891) (1,566)
Cash and Cash Equivalents, beginning of quarter 11,917 14,889
Cash and Cash Equivalents, end of quarter 9,026 13,323
Supplemental cash flow disclosures:    
Cash paid for interest 1,562 728
Fair value of net liabilities assumed in legal settlement (79) 0
Fair value of common stock issued in legal settlement (351) 0
ROU assets obtained in the exchange for lease liabilities:    
Finance leases 0 855
Operating leases $ 1,433 $ 421