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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 26, 2020
Dec. 28, 2019
[1]
Current assets:    
Cash and cash equivalents $ 11,932 $ 12,653
Accounts receivable, net of allowance for doubtful accounts of $278 as of September 26, 2020 and $187 as of December 28, 2019 6,083 9,323
Inventories 7,004 8,174
Prepaid expenses and other current assets 542 401
Total current assets 25,561 30,551
Property and equipment, net 451 730
Intangible assets, net 72 84
Goodwill 533 533
Operating lease right-of-use assets, net 1,693 2,764
Other long-term assets 149 151
Total assets 28,459 34,813
Current liabilities:    
Accounts payable 1,475 2,592
Accrued compensation 1,889 2,398
Accrued expenses 1,682 1,544
Current portion of PPP loan 1,526  
Accrued warranty 182 380
Deferred revenue 1,072 1,450
Operating lease liabilities 1,387 1,414
Total current liabilities 9,213 9,778
Long-term liabilities:    
PPP loan 971  
Accrued warranty 102 156
Deferred revenue 286 360
Operating lease liabilities 616 1,795
Other long-term liabilities 19 19
Total liabilities 11,207 12,108
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.01 par value, 2,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.01 par value: Authorized: 30,000,000 shares; Issued and outstanding 13,787,969 and 13,785,233 shares as of March 28, 2020 and December 28, 2019, respectively 148 147
Additional paid-in capital 73,837 73,093
Accumulated other comprehensive income 32 80
Accumulated deficit (56,765) (50,615)
Total stockholders’ equity 17,252 22,705
Total liabilities and stockholders’ equity $ 28,459 $ 34,813
[1] Derived from the audited consolidated financial statements included in the Annual Report on Form 10-K filed with the SEC for the year ended December 28, 2019.