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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Operating activities    
Net loss $ (8,769,000) $ (10,673,000)
Adjustments to reconcile net loss to net cash and cash equivalents used in operating activities:    
Depreciation and amortization 681,000 776,000
Amortization of intangible assets 68,000 0
Net amortization (accretion) of investment premiums and discounts (108,000) (20,000)
Equity-based compensation 3,076,000 489,000
Straight-line rent adjustment and amortization of lease incentives (554,000) (483,000)
Deferred income taxes 183,000 345,000
(Gain) loss on disposal of equipment (41,000) 1,453,000
Changes in operating assets and liabilities (27,931,000) (3,322,000)
Total adjustments (24,626,000) (762,000)
Net cash and cash equivalents used in operating activities (33,395,000) (11,435,000)
Investing activities    
Purchases of investments (9,099,000) (45,663,000)
Proceeds from sales and maturities of investments 23,029,000 7,263,000
Proceeds from sales of fixed assets 65,000 0
Purchases of leasehold improvements and equipment (4,335,000) (888,000)
Net cash and cash equivalents provided by (used in) investing activities 9,660,000 (39,288,000)
Financing activities    
Net proceeds from issuance of common stock 838,000 2,211,000
Payment of acquisition-related contingent consideration (250,000) 0
Taxes paid related to net share settlement (1,563,000) (295,000)
Net cash and cash equivalents provided by (used in) financing activities (975,000) 1,916,000
Effect of exchange rate changes on cash and cash equivalents (219,000) (252,000)
Net decrease in cash, cash equivalents and restricted cash (24,929,000) (49,059,000)
Cash, cash equivalents and restricted cash at beginning of period 69,690,000 103,514,000
Cash, cash equivalents and restricted cash at end of period 44,761,000 54,455,000
Non-cash investing and financing activity    
Additions to right-of-use-assets obtained from new operating lease liabilities $ 0 $ 94,000