v3.19.2
Interim Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2019
Dec. 30, 2018
Current assets:    
Cash $ 634,000 $ 1,601,000
Accounts receivable — net (note 4) 64,951,000 72,986,000
Unbilled contract assets (note 4) 27,619,000 20,405,000
Inventories (note 4) 46,149,000 53,203,000
Prepaid expenses and other assets 6,691,000 5,548,000
Derivative assets (note 11) 15,000
Income taxes receivable 158,000 160,000
Total current assets 146,202,000 153,918,000
Property, plant and equipment — net (note 4) 26,855,000 28,160,000
Operating lease right of use assets — net (notes 2 and 6) 4,445,000
Goodwill (note 4) 18,165,000 18,165,000
Intangible assets — net (note 4) 16,247,000 19,935,000
Deferred income taxes — net 285,000 380,000
Deferred financing costs — net 646,000 668,000
Total assets 212,845,000 221,226,000
Current liabilities:    
Revolving Credit Facility 13,748,000 25,020,000
Accounts payable 66,639,000 76,893,000
Accrued liabilities (note 4) 12,174,000 13,040,000
Warrant liability (note 5) 1,948,000 2,009,000
Contingent consideration (note 4) 3,050,000
Income taxes payable 213,000 12,000
Current portion of long-term debt (note 5) 1,368,000 1,368,000
Current portion of operating lease obligations (notes 2 and 6) 1,891,000
Current portion of finance lease obligations (notes 2 and 6) 1,401,000 1,547,000
Total current liabilities 99,382,000 122,939,000
Long-term debt (note 5) 55,887,000 56,039,000
Operating lease obligations (notes 2 and 6) 3,019,000
Finance lease obligations (notes 2 and 6) 9,284,000 9,947,000
Total liabilities 167,572,000 188,925,000
Shareholders’ equity:    
Capital stock (note 7) 506,000 458,000
Additional paid-in capital 292,829,000 278,648,000
Deficit (248,062,000) (246,805,000)
Total Stockholders' Equity 45,273,000 32,301,000
Total liabilities and shareholders’ equity $ 212,845,000 $ 221,226,000

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