QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

January 2, 2022

January 3, 2021

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

19,605

$

22,748

Accounts receivable, net

1,294

1,688

Inventories

2,078

2,688

Other current assets

1,181

1,066

Total current assets

24,158

28,190

Property and equipment, net

499

548

Capitalized internal-use software, net

1,241

986

Right of use assets

1,529

1,839

Intangible assets, net

752

860

Investment in Non-Affiliate

300

—

Goodwill

185

185

Other assets

309

280

TOTAL ASSETS

$

28,973

$

32,888

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

934

935

Accrued liabilities

1,665

1,340

Deferred revenue

455

52

Lease liabilities, current

819

685

Total current liabilities

18,873

18,012

Long-term liabilities:

Paycheck protection program loan

—

1,192

Lease liabilities, non-current

744

1,197

Other lease liabilities, non-current

147

—

Total liabilities

19,764

20,401

Stockholders' equity:

Common stock, par value

12

11

Additional paid-in capital

310,222

306,885

Accumulated deficit

(301,025)

(294,409)

Total stockholders' equity

9,209

12,487

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

28,973

$

32,888