QUICKLOGIC CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(Unaudited)

September 27,
2020

December 29,
2019

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

24,685

$

21,548

Accounts receivable, net

1,115

1,991

Inventories

3,138

3,260

Other current assets

1,167

1,565

Total current assets

30,105

28,364

Property and equipment, net

563

830

Capitalized internal-use software, net

844

333

Right of use assets

1,995

2,370

Intangible assets, net

897

1,008

Goodwill

185

185

Other assets

279

314

TOTAL ASSETS

$

34,868

$

33,404

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

1,010

1,003

Accrued liabilities

1,368

1,133

Paycheck protection program loan, current portion

660

—

Deferred revenue

45

158

Current portion of capital lease obligations

709

704

Total current liabilities

18,792

17,998

Long-term liabilities:

Paycheck protection program loan, less current portion

532

—

Capital lease obligations, less current portion

1,297

1,583

Total liabilities

20,621

19,581

Stockholders' equity:

Common stock, par value

11

8

Additional paid-in capital

305,703

297,073

Accumulated deficit

(291,467)

(283,258)

Total stockholders' equity

14,247

13,823

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

34,868

$

33,404