IRIDEX Corporation Condensed Consolidated Balance Sheets (In thousands) (unaudited) | ||||
July 3, | January 2, | |||
2010 | 2010 | |||
Assets | (unaudited) | |||
| Current Assets: | ||||
Cash and cash equivalents | $ 7,000 | $ 9,378 | ||
Accounts receivable, net | 6,616 | 7,482 | ||
Inventories, net | 9,479 | 8,999 | ||
Prepaids and other current assets | 552 | 470 | ||
Total current assets | 23,647 | 26,329 | ||
| Property and equipment, net | 386 | 486 | ||
Other long-term assets | 250 | 323 | ||
| Other intangible assets, net | 1,892 | 1,153 | ||
| Goodwill | 473 | - | ||
Total assets | $ 26,648 | $ 28,291 | ||
Liabilities and Stockholders' Equity | ||||
| Current Liabilities: | ||||
Accounts payable | $ 2,013 | $ 1,872 | ||
Bank line of credit | - | 3,520 | ||
Accrued compensation | 1,691 | 2,171 | ||
Accrued expenses | 1,584 | 1,983 | ||
Accrued warranty | 1,150 | 1,165 | ||
Deferred revenue | 2,266 | 2,405 | ||
Total current liabilities | 8,704 | 13,116 | ||
| Long Term Liabilities: | ||||
Other long-term liabilities | 573 | 149 | ||
| Total liabilities | 9,277 | 13,265 | ||
| Stockholders' Equity: | ||||
| Convertible preferred stock | 5 | 5 | ||
Common Stock | 89 | 89 | ||
Additional paid-in capital | 40,859 | 39,820 | ||
Accumulated other comprehensive loss | (205) | (212) | ||
Treasury stock, at cost | (430) | (430) | ||
Accumulated deficit | (22,947) | (24,246) | ||
Total stockholders' equity | 17,371 | 15,026 | ||
Total liabilities and stockholders' equity | $ 26,648 | $ 28,291 | ||
