QUICKLOGIC CORPORATION | ||||||||
CONDENSED CONSOLIDATED BALANCE SHEETS | ||||||||
(in thousands) | ||||||||
(Unaudited) | ||||||||
|
| ||||||||
|
|
| September 30, 2018 |
|
| December 31, 2017 (1) |
| ||
ASSETS |
|
|
|
|
|
|
|
|
Current assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
| $ | 24,219 |
|
| $ | 16,527 |
|
Accounts receivable, net |
|
| 1,226 |
|
|
| 925 |
|
Inventories |
|
| 4,090 |
|
|
| 3,559 |
|
Other current assets |
|
| 1,087 |
|
|
| 997 |
|
Total current assets |
|
| 30,622 |
|
|
| 22,008 |
|
Property and equipment, net |
|
| 1,688 |
|
|
| 2,375 |
|
Other assets |
|
| 222 |
|
|
| 253 |
|
TOTAL ASSETS |
| $ | 32,532 |
|
| $ | 24,636 |
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
Current liabilities: |
|
|
|
|
|
|
|
|
Revolving line of credit |
| $ | 9,000 |
|
| $ | 6,000 |
|
Trade payables |
|
| 1,214 |
|
|
| 1,437 |
|
Accrued liabilities |
|
| 2,218 |
|
|
| 1,653 |
|
Current portion of capital lease obligations |
|
| 360 |
|
|
| 299 |
|
Total current liabilities |
|
| 12,792 |
|
|
| 9,389 |
|
Long-term liabilities: |
|
|
|
|
|
|
|
|
Capital lease obligations, less current portion |
|
| 142 |
|
|
| 355 |
|
Other long-term liabilities |
|
| 47 |
|
|
| 14 |
|
Total liabilities |
|
| 12,981 |
|
|
| 9,758 |
|
| Stockholders' equity: |
|
|
|
|
|
|
|
|
| Common stock, par value |
|
| 95 |
|
|
| 80 |
|
| Additional paid-in capital |
|
| 284,205 |
|
|
| 268,833 |
|
| Accumulated deficit |
|
| (264,749) |
|
|
| (254,035) |
|
| Total stockholders' equity |
|
| 19,551 |
|
|
| 14,878 |
|
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY |
| $ | 32,532 |
|
| $ | 24,636 |
|
|
| |
| ________________________ | |
| (1) | Derived from the December 31, 2017 audited balance sheet included in the 2017 Annual Report on Form 10-K of QuickLogic Corporation. |
