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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 27, 2020
Jun. 28, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 6,292 $ 2,969
Restricted cash 235 234
Accounts receivable, less allowance for bad debts of $166 and $269, respectively 919 965
Notes receivable 1,006 546
Deferred contract charges 35 44
Prepaid expenses and other 261 174
Total current assets 8,748 4,932
LONG-TERM ASSETS    
Property, plant and equipment, net 324 366
Operating lease right of use asset, net 3,274 3,567
Intangible assets definite-lived, net 136 155
Notes receivable, net of current portion 65 449
Long-term deferred contract charges 232 231
Deposits and other 0 5
Total assets 12,779 9,705
CURRENT LIABILITIES    
Accounts payable - trade 649 446
Accounts payable - lease termination impairments 0 407
Accrued expenses 791 775
Operating lease liability, current 658 632
Deferred revenues 155 254
Total current liabilities 2,253 2,514
LONG-TERM LIABILITIES    
Convertible notes 1,562 1,549
PPP loan 657 657
Operating lease liability, net of current portion 3,138 3,471
Deferred revenues, net of current portion 806 960
Other long-term liabilities 51 51
Total liabilities 8,467 9,202
COMMITMENTS AND CONTINGENCIES (SEE NOTE D)
SHAREHOLDERS' EQUITY    
Common stock, $.01 par value; authorized 26,000,000 shares; issued 25,090,058 and 22,550,376 shares, respectively; outstanding 18,004,904 and 15,465,222 shares, respectively 251 225
Additional paid-in capital 37,136 33,531
Accumulated deficit (8,538) (8,716)
Treasury stock at cost Shares in treasury: 7,085,154 and 7,085,154, respectively (24,537) (24,537)
Total shareholders' equity 4,312 503
Total liabilities and shareholders' equity $ 12,779 $ 9,705