Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.23.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 03, 2023
Jan. 02, 2023
Current Assets    
Cash $ 10,711 $ 11,917
Accounts receivable, net 1,457 1,926
Inventory 1,438 1,320
Assets held for sale 1,527 732
Prepaid expenses and other current assets 1,525 2,564
Total Current Assets 16,658 18,459
Property & equipment, net 18,247 19,371
Operating right-of-use assets, net 45,565 45,741
Goodwill 31,621 31,621
Intangible assets, net 155,213 160,208
Other assets 971 1,380
Total Assets 268,275 276,780
Current Liabilities    
Accounts payable - trade and other 7,723 8,464
Accrued expenses 8,381 10,589
Short-term operating lease liability 12,274 9,924
Short-term borrowings, including finance leases 3,485 4,985
Other current liabilities 2,842 6,241
Total Current Liabilities 34,705 40,203
Non-Current Liabilities    
Long-term borrowings, including finance leases 49,786 53,794
Redeemable preferred stock, $0.0001 par value, 10,000,000 shares authorized, 2,120,000 shares issued and outstanding as of July 3, 2023 and January 2, 2023, $53 million principal redemption value, respectively 53,482 51,418
Long-term operating lease liability 40,889 40,748
Related party note payable 14,412 9,235
Deferred income taxes 1,223 1,223
Other non-current liabilities 1,330 1,212
Total Liabilities 195,827 197,833
Commitments and Contingencies - Note 8
Common stock, shares issued (in shares) 26,724,218 22,257,772
Common stock, shares authorized (in shares) 100,000,000 100,000,000
Stockholders' Equity    
Common stock, $ 0.0001 par value, 100,000,000 shares authorized, 26,724,218, and 22,257,772 shares issued and outstanding as of July 3, 2023 and January 2, 2023, respectively $ 2 $ 2
Additional paid-in capital 314,749 306,096
Accumulated deficit (242,303) (227,151)
Total Stockholders' Equity 72,448 78,947
Total Liabilities and Stockholders' Equity $ 268,275 $ 276,780