Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
Jan. 03, 2021
Dec. 29, 2019
Current assets:    
Cash $ 600,000 $ 1,368,000
Accounts receivable–net (note 4) 69,627,000 69,919,000
Unbilled contract assets (note 4) 39,336,000 26,271,000
Inventories (note 4) 49,799,000 47,826,000
Prepaids and other assets 7,872,000 7,044,000
Derivative assets (note 8) 1,055,000 0.0
Income taxes receivable 307,000  
Total current assets 168,596,000 152,428,000
Property, plant and equipment–net (note 4) 24,305,000 25,310,000
Operating lease right of use assets-net (note 5) 7,791,000 3,330,000
Goodwill (note 4) 18,165,000 18,165,000
Intangible assets – net (note 4) 9,701,000 12,747,000
Deferred income taxes–net (note 9) 569,000 540,000
Deferred financing costs–net 812,000 859,000
Total assets 229,939,000 213,379,000
Current liabilities:    
Revolving credit facility (note 5) 34,694,000 34,701,000
Accounts payable 72,608,000 74,126,000
Accrued liabilities (note 4) 21,946,000 11,164,000
Warrant liability (note 5) 3,233,000 1,730,000
Restructuring liability (note 14) 2,443,000 1,597,000
Income taxes payable 478,000 157,000
Current portion of long-term debt (note 5) 2,500,000 1,250,000
Current portion of operating lease obligations (note 5) 2,590,000 1,128,000
Current portion of finance lease obligations (note 5) 2,245,000 1,226,000
Total current liabilities 142,737,000 127,079,000
Long-term debt – net (note 5) 30,930,000 33,750,000
Operating lease obligations (note 5) 5,590,000 2,615,000
Finance lease obligations (note 5) 9,492,000 8,838,000
Total liabilities 188,749,000 172,282,000
Shareholders’ equity:    
Capital stock (note 6) 511,000 508,000
Additional paid-in capital 294,060,000 293,389,000
Deficit (253,381,000) (252,800,000)
Stockholders' Equity Attributable to Parent, Ending Balance 41,190,000 41,097,000
Total liabilities and shareholders’ equity $ 229,939,000 $ 213,379,000