v3.22.1

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Apr. 02, 2022	Jan. 01, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 598	$ 535
Trade receivables, net of allowance for doubtful accounts	28,804	30,934
Inventory, net	21,973	28,621
Prepaid and other current assets	2,013	1,143
TOTAL CURRENT ASSETS	53,388	61,233
Property and equipment, net	3,709	4,128
Other intangible assets, net	11,284	11,382
Right of use assets, noncurrent	13,601	14,383
Other assets	105	104
TOTAL ASSETS	82,087	91,230
CURRENT LIABILITIES
Accounts payable	22,547	27,985
Accrued expenses	8,555	5,698
Lease liabilities, current	3,171	3,133
Current portion of long term debt	2,125	2,125
Current portion of long term debt - Related parties	188
TOTAL CURRENT LIABILITIES	36,586	38,941
Long-term debt, less current portion and unamortized debt issuance costs	33,541	37,420
Long-term debt, less current portion - Related parties	1,762
Deferred tax liabilities	152	152
Lease liabilities, noncurrent	11,219	12,034
Other liabilities	108	108
TOTAL LIABILITIES	83,368	88,655
STOCKHOLDERS' EQUITY
Preferred Stock, $0.0001 par value, 1,000,000 authorized, none issued or outstanding at April 2, 2022 and January 1, 2022, respectively
Common Stock $0.0001 par value, authorized, issued and outstanding of 49,000,000, 2,194,975 and 2,164,791 at April 2, 2022 and 49,000,000, 2,194,892 and 2,164,708 at January 1, 2022, respectively	2	2
Treasury Stock at cost (30,184 shares at April 2, 2022 and January 1, 2022)	(1,283)	(1,283)
Additional paid-in capital	78,402	78,370
Accumulated deficit	(77,003)	(73,088)
Accumulated other comprehensive loss	(1,399)	(1,426)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	(1,281)	2,575
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 82,087	$ 91,230

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Summer Infant, Inc. 10-Q