QUICKLOGIC CORPORATION | ||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
(in thousands) | ||||||||
(Unaudited) | ||||||||
| ||||||||
|
|
December 31, 2017 |
|
January 1, 2017 (1) | ||||
ASSETS |
|
|
|
| ||||
Current assets: |
|
|
|
| ||||
Cash and cash equivalents |
|
$ |
16,527 |
|
|
$ |
14,870 |
|
Accounts receivable, net |
|
925 |
|
|
839 |
| ||
Inventories |
|
3,559 |
|
|
2,017 |
| ||
Other current assets |
|
997 |
|
|
1,123 |
| ||
Total current assets |
|
22,008 |
|
|
18,849 |
| ||
Property and equipment, net |
|
2,375 |
|
|
2,765 |
| ||
Other assets |
|
253 |
|
|
230 |
| ||
TOTAL ASSETS |
|
$ |
24,636 |
|
|
$ |
21,844 |
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
| ||||
Current liabilities: |
|
|
|
| ||||
Revolving line of credit |
|
$ |
6,000 |
|
|
$ |
6,000 |
|
Trade payables |
|
1,437 |
|
|
2,018 |
| ||
Accrued liabilities |
|
1,653 |
|
|
1,580 |
| ||
Current portion of capital lease obligations |
|
299 |
|
|
209 |
| ||
Total current liabilities |
|
9,389 |
|
|
9,807 |
| ||
Long-term liabilities: |
|
|
|
| ||||
Capital lease obligations, less current portion |
|
355 |
|
|
— |
| ||
Other long-term liabilities |
|
14 |
|
|
49 |
| ||
Total liabilities |
|
9,758 |
|
|
9,856 |
| ||
Stockholders' equity: |
|
|
|
| ||||
Common stock, par value |
|
80 |
|
|
68 |
| ||
Additional paid-in capital |
|
268,833 |
|
|
251,824 |
| ||
Accumulated deficit |
|
(254,035) |
|
|
(239,904) |
| ||
Total stockholders' equity |
|
14,878 |
|
|
11,988 |
| ||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
|
$ |
24,636 |
|
|
$ |
21,844 |
|
|
|
|
|
|
|
(1) |
Derived from the January 1, 2017 audited balance sheet included in the 2016 Annual Report on Form 10-K of QuickLogic Corporation. |