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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 28, 2020
Jun. 30, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 2,969 $ 2,264
Restricted cash 234 233
Accounts receivable, less allowance for bad debts of $269 and $209, respectively 965 1,191
Notes receivable, less allowance for bad debt of $0 and $916, respectively 546 389
Inventories 0 7
Income tax receivable 0 4
Property held for sale 0 231
Deferred contract charges 44 38
Prepaid expenses and other 174 346
Total current assets 4,932 4,703
LONG-TERM ASSETS    
Property, plant and equipment, net 366 500
Operating lease right of use asset, net 3,567 0
Intangible assets definite-lived, net 155 196
Long-term notes receivable 449 735
Deferred tax asset, net 0 4,060
Long-term deferred contract charges 231 232
Deposits and other 5 0
Total assets 9,705 10,426
CURRENT LIABILITIES    
Accounts payable - trade 446 400
Accounts payable - lease termination impairments 407 832
Accrued expenses 775 834
Deferred rent 0 37
Operating lease liability, current 632 0
Deferred revenues 254 275
Total current liabilities 2,514 2,378
LONG-TERM LIABILITIES    
Convertible notes 1,549 1,584
PPP loan 657 0
Deferred rent, net of current portion 0 397
Operating lease liability, net of current portion 3,471 0
Deferred revenues, net of current portion 960 1,561
Other long-term liabilities 51 72
Total liabilities 9,202 5,992
COMMITMENTS AND CONTINGENCIES (SEE NOTE J)
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value; authorized 26,000,000 shares; issued 22,550,376 and 22,208,141 shares, respectively; outstanding 15,465,222 and 15,090,837 shares, respectively 225 222
Additional paid-in capital 33,531 33,327
Accumulated deficit (8,716) (4,483)
Treasury stock at cost Shares in treasury: 7,085,154 and 7,117,304, respectively (24,537) (24,632)
Total shareholders' equity 503 4,434
Total liabilities and shareholders' equity $ 9,705 $ 10,426