Document And Entity Information
Document And Entity Information - shares | 9 Months Ended | |
Sep. 27, 2020 | Oct. 30, 2020 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000882508 | |
Entity Registrant Name | QUICKLOGIC Corp | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-03 | |
Document Fiscal Period Focus | Q3 | |
Document Fiscal Year Focus | 2020 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 27, 2020 | |
Document Transition Report | false | |
Entity File Number | 000-22671 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 77-0188504 | |
Entity Address, Address Line One | 2220 Lundy Avenue | |
Entity Address, City or Town | San Jose | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 95131-1816 | |
City Area Code | 408 | |
Local Phone Number | 990-4000 | |
Title of 12(b) Security | Common Stock, par value $.001 per share | |
Trading Symbol | QUIK | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 11,068,479 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 27, 2020 | Dec. 29, 2019 |
Current assets: | ||
Cash, cash equivalents and restricted cash | $ 24,685 | $ 21,548 |
Accounts receivable, net of allowances for doubtful accounts of $0 | 1,115 | 1,991 |
Inventories | 3,138 | 3,260 |
Other current assets | 1,167 | 1,565 |
Total current assets | 30,105 | 28,364 |
Property and equipment, net | 563 | 830 |
Capitalized internal-use software, net | 844 | 333 |
Right of use assets | 1,995 | 2,370 |
Intangible assets | 897 | 1,008 |
Goodwill | 185 | 185 |
Other assets | 279 | 314 |
TOTAL ASSETS | 34,868 | 33,404 |
Current liabilities: | ||
Revolving line of credit | 15,000 | 15,000 |
Trade payables | 1,010 | 1,003 |
Accrued liabilities | 1,368 | 1,133 |
Paycheck protection program loan | 660 | 0 |
Deferred revenue | 45 | 158 |
Lease liabilities-current | 709 | 704 |
Total current liabilities | 18,792 | 17,998 |
Long-term liabilities: | ||
Paycheck protection program loan, less current portion | 532 | 0 |
Lease liabilities-non-current | 1,297 | 1,583 |
Total liabilities | 20,621 | 19,581 |
Commitments and contingencies (see Note 13) | ||
Stockholders' equity: | ||
Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Common stock, $0.001 par value; 200,000 authorized; 11,068 and 8,331 shares issued and outstanding as of September 27, 2020 and Balance at December 29, 2019, respectively | 11 | 8 |
Additional paid-in capital | 305,703 | 297,073 |
Accumulated deficit | (291,467) | (283,258) |
Total stockholders' equity | 14,247 | 13,823 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 34,868 | $ 33,404 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) shares in Thousands, $ in Thousands | Sep. 27, 2020 | Dec. 29, 2019 |
Allowance for doubtful accounts | $ 0 | $ 0 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 10,000 | 10,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 200,000 | 200,000 |
Common stock, shares issued (in shares) | 11,068 | 8,331 |
Common stock, shares outstanding (in shares) | 11,068 | 8,331 |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | ||
Revenue | [1] | $ 1,780,000 | $ 2,158,000 | $ 6,134,000 | $ 7,439,000 |
Cost of revenue | 857,000 | 1,117,000 | 3,092,000 | 3,397,000 | |
Gross profit | 923,000 | 1,041,000 | 3,042,000 | 4,042,000 | |
Operating expenses: | |||||
Research and development | 1,380,000 | 3,139,000 | 5,399,000 | 9,596,000 | |
Selling, general and administrative | 1,478,000 | 2,095,000 | 5,022,000 | 6,881,000 | |
Restructuring costs | 111,000 | 0 | 624,000 | 0 | |
Total operating expenses | 2,969,000 | 5,234,000 | 11,045,000 | 16,477,000 | |
Loss from operations | (2,046,000) | (4,193,000) | (8,003,000) | (12,435,000) | |
Interest expense | (36,000) | (63,000) | (299,000) | (270,000) | |
Interest income and other expense, net | 27,000 | 55,000 | 94,000 | 153,000 | |
Loss before income taxes | (2,055,000) | (4,201,000) | (8,208,000) | (12,552,000) | |
Provision for (benefit from) income taxes | 10,000 | 70,000 | 1,000 | (171,000) | |
Net loss | $ (2,065,000) | $ (4,271,000) | $ (8,209,000) | $ (12,381,000) | |
Net loss per share: | |||||
Basic and diluted (1) (in dollars per share) | [2] | $ (0.19) | $ (0.51) | $ (0.88) | $ (1.66) |
Weighted average shares outstanding: | |||||
Basic and diluted (1) (in shares) | [2] | 11,023 | 8,313 | 9,315 | 7,441 |
[1] | For all periods presented: New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, Quick AI and SensiML AI software as a service ("SaaS") revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometer. | ||||
[2] | Net loss per share, and weighted average shares outstanding basic and diluted for the three and nine months ended September 29, 2019 are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019. |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 27, 2020 | Sep. 29, 2019 | |
Cash flows from operating activities: | ||
Net loss | $ (8,209) | $ (12,381) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Depreciation and amortization | 644 | 900 |
Stock-based compensation | 601 | 2,490 |
Write-down of inventories | 55 | 80 |
Write-off of equipment | 41 | 2 |
Tax benefit from acquisition | 0 | (282) |
Changes in operating assets and liabilities: | ||
Accounts receivable | 876 | 950 |
Inventories | 67 | 378 |
Other assets | 433 | 304 |
Trade payables | 225 | (492) |
Accrued liabilities | 235 | (702) |
Deferred revenue | (113) | 19 |
Other long-term liabilities | 0 | (16) |
Net cash used in operating activities | (5,145) | (8,750) |
Cash flows from investing activities: | ||
Capital expenditures for property and equipment | (155) | (599) |
Capitalized internal-use software | (607) | 0 |
Cash received from business acquisition | 0 | 20 |
Net cash used in investing activities | (762) | (579) |
Cash flows from financing activities: | ||
Payment of finance lease obligations | (179) | (283) |
Proceeds from paycheck protection program loan | 1,191 | 0 |
Proceeds from line of credit | 42,000 | 32,000 |
Repayment of line of credit | (42,000) | (32,000) |
Proceeds from issuance of common stock, net of issuance costs | 8,099 | 8,258 |
Taxes paid related to net settlement of equity awards | (67) | (287) |
Net cash provided by financing activities | 9,044 | 7,688 |
Net increase in cash, cash equivalents and restricted cash | 3,137 | (1,641) |
Cash, cash equivalents and restricted cash at beginning of period | 21,548 | 26,463 |
Cash, cash equivalents and restricted cash at end of period | $ 24,685 | $ 24,822 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) - USD ($) shares in Thousands, $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | Total | |||
Balance (in shares) at Dec. 30, 2018 | [1] | 6,823 | |||||
Balance at Dec. 30, 2018 | $ 7 | [1] | $ 285,062 | [1] | $ (267,814) | $ 17,255 | |
Common stock issued under stock plans and employee stock purchase plan (in shares) | [1] | 35 | |||||
Common stock issued under stock plans and employee stock purchase plan | $ 0 | [1] | (163) | [1] | 0 | (163) | |
Net loss | 0 | [1] | 0 | [1] | (3,476) | (3,476) | |
Stock-based compensation | $ 0 | [1] | 951 | [1] | 0 | 951 | |
Common stock issued for SensiML acquisition (in shares) | [1] | 84 | |||||
Common stock issued for SensiML acquisition | $ 0 | [1] | 903 | [1] | 0 | 903 | |
Balance (in shares) at Mar. 31, 2019 | [1] | 6,942 | |||||
Balance at Mar. 31, 2019 | $ 7 | [1] | 286,753 | [1] | (271,290) | 15,470 | |
Balance (in shares) at Dec. 30, 2018 | [1] | 6,823 | |||||
Balance at Dec. 30, 2018 | $ 7 | [1] | 285,062 | [1] | (267,814) | 17,255 | |
Net loss | (12,381) | ||||||
Balance (in shares) at Sep. 29, 2019 | [1] | 8,325 | |||||
Balance at Sep. 29, 2019 | $ 8 | [1] | 296,425 | [1] | (280,195) | 16,238 | |
Balance (in shares) at Mar. 31, 2019 | [1] | 6,942 | |||||
Balance at Mar. 31, 2019 | $ 7 | [1] | 286,753 | [1] | (271,290) | 15,470 | |
Common stock issued under stock plans and employee stock purchase plan (in shares) | [1] | 38 | |||||
Common stock issued under stock plans and employee stock purchase plan | $ 0 | [1] | 210 | [1] | 0 | 210 | |
Net loss | $ 0 | [1] | 0 | [1] | (4,634) | (4,634) | |
Common stock offering, net of issuance costs (in shares) | [1] | 1,314 | |||||
Common stock offering, net of issuance costs | $ 1 | [1] | 8,024 | [1] | 0 | 8,025 | |
Stock-based compensation | $ 0 | [1] | 791 | [1] | 0 | 791 | |
Stock issuance costs | (1,200) | ||||||
Balance (in shares) at Jun. 30, 2019 | [1] | 8,294 | |||||
Balance at Jun. 30, 2019 | $ 8 | [1] | 295,778 | [1] | (275,924) | 19,862 | |
Common stock issued under stock plans and employee stock purchase plan (in shares) | [1] | 31 | |||||
Common stock issued under stock plans and employee stock purchase plan | $ 0 | [1] | (94) | [1] | 0 | (94) | |
Net loss | 0 | [1] | 0 | [1] | (4,271) | (4,271) | |
Stock-based compensation | 0 | [1] | 747 | [1] | 0 | 747 | |
Stock issuance costs | $ 0 | [1] | (6) | [1] | 0 | (6) | |
Balance (in shares) at Sep. 29, 2019 | [1] | 8,325 | |||||
Balance at Sep. 29, 2019 | $ 8 | [1] | 296,425 | [1] | (280,195) | 16,238 | |
Balance (in shares) at Dec. 29, 2019 | 8,331 | ||||||
Balance at Dec. 29, 2019 | $ 8 | 297,073 | (283,258) | 13,823 | |||
Common stock issued under stock plans and employee stock purchase plan (in shares) | 52 | ||||||
Common stock issued under stock plans and employee stock purchase plan | $ 0 | (25) | 0 | (25) | |||
Stock-based compensation | 0 | (398) | 0 | (398) | |||
Net loss | $ 0 | 0 | (3,165) | (3,165) | |||
Balance (in shares) at Mar. 29, 2020 | 8,383 | ||||||
Balance at Mar. 29, 2020 | $ 8 | 296,650 | (286,423) | 10,235 | |||
Balance (in shares) at Dec. 29, 2019 | 8,331 | ||||||
Balance at Dec. 29, 2019 | $ 8 | 297,073 | (283,258) | 13,823 | |||
Net loss | (8,209) | ||||||
Balance (in shares) at Sep. 27, 2020 | 11,068 | ||||||
Balance at Sep. 27, 2020 | $ 11 | 305,703 | (291,467) | 14,247 | |||
Balance (in shares) at Mar. 29, 2020 | 8,383 | ||||||
Balance at Mar. 29, 2020 | $ 8 | 296,650 | (286,423) | 10,235 | |||
Common stock issued under stock plans and employee stock purchase plan (in shares) | 29 | ||||||
Common stock issued under stock plans and employee stock purchase plan | $ 0 | (31) | 0 | (31) | |||
Net loss | $ 0 | 0 | (2,979) | (2,979) | |||
Common stock offering, net of issuance costs (in shares) | 2,500 | ||||||
Common stock offering, net of issuance costs | $ 3 | 7,653 | 0 | 7,656 | |||
Stock-based compensation | $ 0 | 741 | 0 | 741 | |||
Stock issuance costs | (1,100) | ||||||
Balance (in shares) at Jun. 28, 2020 | 10,912 | ||||||
Balance at Jun. 28, 2020 | $ 11 | 305,013 | (289,402) | 15,622 | |||
Common stock issued under stock plans and employee stock purchase plan (in shares) | 14 | ||||||
Common stock issued under stock plans and employee stock purchase plan | $ 0 | (13) | 0 | (13) | |||
Net loss | $ 0 | 0 | (2,065) | (2,065) | |||
Common stock offering, net of issuance costs (in shares) | 142 | ||||||
Common stock offering, net of issuance costs | $ 0 | 445 | 0 | 445 | |||
Stock-based compensation | $ 0 | 258 | 0 | 258 | |||
Stock issuance costs | (52) | ||||||
Balance (in shares) at Sep. 27, 2020 | 11,068 | ||||||
Balance at Sep. 27, 2020 | $ 11 | $ 305,703 | $ (291,467) | $ 14,247 | |||
[1] | Common stock shares and additional paid-in capital amounts as of December 31, 2018, and in the three-months ended March 31, 2019 and September 29, 2019 are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019. |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Changes In Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | |||
Sep. 27, 2020 | Jun. 28, 2020 | Sep. 29, 2019 | Jun. 30, 2019 | |
Common stock issuance costs | $ 52 | $ 1,100 | $ 6 | $ 1,200 |
Note 1 - The Company and Basis
Note 1 - The Company and Basis of Presentation | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | Note 1 QuickLogic Corporation (“QuickLogic” or “Company”) was founded in 1988 1999. The accompanying interim condensed consolidated financial statements are unaudited. In the opinion of the Company’s management, these statements have been prepared in accordance with the United States generally accepted accounting principles (“U.S. GAAP”), and include all adjustments, consisting only of normal recurring adjustments, necessary to provide a fair statement of results for the interim periods presented. The Company recommends that these interim condensed consolidated financial statements be read in conjunction with the Company's Form 10 December 29, 2019 March 13, 2020. three nine September 27, 2020 not may QuickLogic's fiscal year ends on the Sunday closest to December 31 third 2020 2019 September 27, 2020 September 29, 2019 COVID- 19 On January 30, 2020, 19 February 28, 2020, 19 19, As such, while COVID- 19 three nine September 27, 2020, 19 2020 may 19. 19 19 may may 19 Restructuring In January 2020, January 24, 2020. $624,000 nine September 27, 2020, third $111,000 Liquidity The Company has financed its operations and capital investments through sales of common stock, finance and operating leases, a revolving line of credit and cash flows from operations. As of September 27, 2020 of $24.7 $15.0 $1.2 mi November 6, 2019 one September 28, 2021. one one 0.50% five one one 5.50% On May 6, 2020, March 27, 2020. 6 On June 22, 2020, The Company incurred approximately $1.2 8 Various factors can affect the Company’s liquidity, including, among others: the level of revenue and gross profit as a result of the cyclicality of the semiconductor industry; the conversion of design opportunities into revenue; market acceptance of existing and new products including solutions based on its ArcticLink ® ® S3 Over the longer term, the Company anticipates that sales generated from its new product offerings, existing cash and cash equivalents, together with financial resources from its Revolving Facility with the Heritage Bank, assuming renewal of the Revolving Facility or the Company entering into a new debt agreement with an alternative lender prior to the expiration of the revolving line of credit in September 2021, Reverse Stock Split Effective on December 23, 2019, 1 14 one 10 May 2018 Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of QuickLogic and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated. Foreign Currency The functional currency of the Company's non-U.S. operations is the U.S. dollar. Accordingly, all monetary assets and liabilities of these foreign operations are translated into U.S. dollars at current period-end exchange rates and non-monetary assets and related elements of expense are translated using historical exchange rates. Income and expense elements are translated to U.S. dollars using the average exchange rates in effect during the period. Gains and losses from the foreign currency transactions of these subsidiaries are recorded as interest income and other expense, net in the unaudited condensed consolidated statements of operations. Uses of Estimates The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities and the reported amounts of revenue and expenses during the period. Actual results could differ materially from those estimates, particularly in relation to revenue recognition, the allowance for doubtful accounts, sales returns, valuation of long-lived assets including mask sets, valuation of goodwill, capitalized internal-use software and related amortizable lives and intangibles related to the acquisition of SensiML, including the estimated useful lives of acquired intangible assets, valuation of inventories including identification of excess quantities, market value and obsolescence, measurement of stock-based compensation awards, accounting for income taxes and estimating accrued liabilities. Contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may Judgment is required to determine the Stand-alone Selling Price (“SSP”) for each distinct performance obligation. The Company uses a range of amounts to estimate SSP when each of the products and services are sold separately and determines the discount to be allocated based on the relative SSP of the various products and services when products and services sold are bundled. In instances where SSP is not not may one may Concentration of Risk The Company's accounts receivable are denominated in U.S. dollars and are derived primarily from sales to customers located in North America, Asia Pacific, and Europe. The Company performs ongoing credit evaluations of its customers and generally does not 12 |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 2 During the nine September 27, 2020 no 10 December 29, 2019 nine September 27, 2020 10 December 29, 2019 March 13, 2020. first nine 2020 Fair Value Measurements The Company’s cash, cash equivalents and restricted cash include money market account balance of $24.1 $20.9 September 27, 2020 December 29, 2019 Restricted cash Cash, cash equivalent and restricted cash includes an amount of $100,000 p September 27, 2020 December 29, 2019 New Accounting Pronouncements Recently adopted accounting pronouncements: In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 December 30, 2019 no In August 2018, No. 2018 15, Intangibles - Goodwill and Other – Internal-Use Software (Subtopic 350 40 Customer’s Accounting for Implementations Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. December 15, 2019, December 15, 2021. December 30, 2019 no In June 2016, No. 2016 13 2016 13” Financial Instruments-Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments 2016 13 2016 13 December 30, 2019 no New accounting pronouncements not In December 2019, No. 2019 12, Simplifying the Accounting for Income Taxes 740, 1 2 3 December 15, 2020. In August 2020, No. 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 December 15, 2021, |
Note 3 - Net Loss Per Share
Note 3 - Net Loss Per Share | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 3 Basic loss per share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss per share was computed using the weighted average number of common shares outstanding during the period plus potentially dilutive common shares outstanding during the period under the treasury stock method. In computing diluted net loss per share, the weighted average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options and warrants. For the three nine September 27, 2020 September 29, 2019 2009 not May 29, 2018 not three nine September 27, 2020 September 29, 2019 All shares, equity awards, and per share amounts have been adjusted to reflect the 1 |
Note 4 - Balance Sheet Componen
Note 4 - Balance Sheet Components | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | Note 4 The following table provides details relating to certain balance sheet line items as of September 27, 2020 December 29, 2019 September 27, December 29, 2020 2019 Inventories: Raw materials $ 191 $ 222 Work-in-process 2,229 2,370 Finished goods 718 668 $ 3,138 $ 3,260 Other current assets: Prepaid taxes, royalties and other prepaid expenses $ 906 $ 1,296 Other 261 269 $ 1,167 $ 1,565 Property and equipment, net: Equipment $ 10,426 $ 10,694 Software 1,786 1,789 Furniture and fixtures 33 36 Leasehold improvements 466 474 12,711 12,993 Less: Accumulated depreciation and amortization (12,148 ) (12,163 ) $ 563 $ 830 Capitalized internal-use software, net: Capitalized internal-use software $ 972 $ 365 Less: Accumulated amortization (128 ) (32 ) $ 844 $ 333 Accrued liabilities: Employee related accruals $ 1,011 $ 713 Other 357 420 $ 1,368 $ 1,133 |
Note 5 - Intangible Assets
Note 5 - Intangible Assets | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Intangible Assets Disclosure [Text Block] | Note 5 The following table provides the details of the carrying value of intangible assets recorded from the acquisition of SensiML as of September 27, 2020 September 27, 2020 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 959 $ (168 ) $ 791 Customer relationships 81 (70 ) 11 Trade names and trademarks 116 (21 ) 95 Total acquired identifiable intangible assets $ 1,156 $ (259 ) $ 897 The following table provides the details of expected future annual amortization of intangible assets, based upon the current useful lives as of September 27, 2020 Annual Fiscal Years 2020 (remaining period) $ 38 2021 107 2022 107 2023 107 2024 107 Thereafter 431 Total $ 897 |
Note 6 - Debt Obligations
Note 6 - Debt Obligations | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Debt and Capital Leases Disclosures [Text Block] | Note 6 Revolving Line of credit On September 28, 2018, $9,000,000. On December 21, 2018, $9,000,000 $3,000,000 On November 6, 2019 one September 28, 2021. one one 0.50% five one one 5.50% As of September 27, 2020 December 29, 2019 $15.0 5.5% first September 28, 2020, $15.0 Payroll Protection Program Loan On May 6, 2020, $1.2 The PPP Loan is evidenced by a promissory note (“Note”) dated May 6, 2020, two 1.00% first six six may no may The principal and interest of the Loan are repayable in 18 $67,000 December 2020. first six fifth On June 5, 2020, 75% 60%, 24 8 2 5 June 5, 2020, 24 8 24 September 27, 2020 fourth 2020. |
Note 7 - Leases
Note 7 - Leases | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Leases of Lessee Disclosure [Text Block] | Note 7 The Company entered into operating leases for office space for its headquarter, domestic and foreign subsidiaries and sales offices. Finance leases are primarily for engineering design software. Operating leases generally have lease terms of 1 year to 5 years. Finance leases are generally 2 years to 3 years. As of September 27, 2020 July, 2020. not July 10, 2020, eleven July 2020, three September 27, 2020 September 29, 2019 nine September 27, 2020 September 29, 2019 The following table provides the expenses related to operating and finance leases (in thousands): Three Months Ended Nine Months Ended September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Operating lease costs: Fixed $ 146 $ 186 $ 440 $ 596 Short term 4 6 15 33 Total $ 150 $ 192 $ 455 $ 629 Finance lease costs: Amortization of ROU asset $ 91 $ 91 $ 224 $ 273 Interest 9 3 29 14 Total $ 100 $ 94 $ 253 $ 287 The following table provides the details of supplemental cash flow information. The right-of-use assets obtained in exchange for new finance and operating lease liabilities represent the new operating and finance leases entered into during the nine September 27, 2020 September 29, 2019 Nine Months Ended September 27, September 29, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 427 $ 633 Operating cash flows used for finance leases 29 20 Financing cash flows used for financing leases 179 283 Total $ 635 $ 936 Right-of-use assets obtained in exchange for obligations: Operating leases $ — $ 1,920 Finance leases 773 250 Total $ 773 $ 2,170 The following table provides the details of right-of-use assets and lease liabilities as of September 27, 2020 December 29, 2019 September 27, 2020 December 29, 2019 Right-of-use assets: Operating leases $ 1,344 $ 2,200 Finance leases 651 170 Total right of use assets $ 1,995 $ 2,370 Lease liabilities: Operating leases $ 1,386 $ 1,816 Finance leases 620 471 Total lease liabilities $ 2,006 $ 2,287 The following table provided the details of future lease payments for operating and finance leases as of September 27, 2020 Annual Fiscal Years Operating Leases Finance Leases 2020 (Remaining period) $ 110 $ 103 2021 488 281 2022 409 278 2023 422 — 2024 106 — Total lease payments 1,535 662 Less: Interest (149 ) (42 ) Present value of lease liabilities $ 1,386 $ 620 The following table provides the details of lease terms and discount rates as of September 27, 2020 December 29, 2019 September 27, 2020 December 29, 2019 Right-of-use assets: Weighted-average remaining lease term (years) Operating leases 3.26 3.81 Finance leases 2.25 2.65 Weighted-average discount rates: Operating leases 6.00 % 6.00 % Finance leases 5.50 % 5.81 % |
Note 8 - Stockholders' Equity
Note 8 - Stockholders' Equity | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | Note 8 Common and Preferred Stock As of September 27, 2020 Issuance of Common Stock On March 15, 2019, 3, may, one March 29, 2019. On June 21, 2019, On June 22, 2020, 30 July 21, 2020, $1.2 As of September 27, 2020 |
Note 9 - Employee Stock Plans
Note 9 - Employee Stock Plans | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Disclosure of Employee Stock Ownership Plans [Text Block] | Note 9 2009 On April 24, 2019, 2009 2019 ten March 15, 2028. 2009 April 24, 2019. 2019 On April 24, 2019, 2019 “2019 2009 2019 2009 The 2019 March 5, 2020 April 22, 2020 2019 September 27, 2020 2019 2009 The 2009 “2009 March 2009. 2009 January 2015 February 2017, April 23, 2015 April 26, 2017, 2009 The 2009 March 5, 2020, April 22, 2020 March 5, 2029. Further, the 2009 March 5, 2020 April 22, 2020 2009 September 27, 2020 2009 |
Note 10 - Stock-based Compensat
Note 10 - Stock-based Compensation | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Share-based Payment Arrangement [Text Block] | Note 10 Stock-based compensation expense included in the Company's consolidated financial statements for the three nine September 27, 2020 September 29, 2019 Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Cost of revenue $ 37 $ 15 $ 80 $ 59 Research and development 51 521 73 1,708 Selling, general and administrative 170 212 448 723 Total $ 258 $ 748 $ 601 $ 2,490 During the nine September 27, 2020 second 2020 No stock-based compensation was capitalized during any period presented above. No stock options were granted during the three nine September 27, 2020 September 29, 2019 Stock-Based Compensation Award Activity The following table summarizes the activity in the shares available for grant under the 2019 nine September 27, 2020 Shares Available for Grants 2020 Plan Balance at December 29, 2019 272 Authorized shares 550 RSUs granted (356 ) PRSU's granted (440 ) Options cancelled 50 RSUs forfeited or expired 168 PRSUs forfeited or expired 43 Balance at September 27, 2020 287 Stock Options The following table summarizes stock options outstanding and stock option activity under the 2009 2019 nine September 27, 2020 Weighted Weighted Average Average Aggregate Number of Exercise Remaining Intrinsic Shares Price Term Value (in thousands) (in years) (in thousands) Balance outstanding at December 29, 2019 186 $ 32.09 3.32 — Forfeited or expired (50 ) — Exercised — — Balance outstanding at September 27, 2020 136 $ 29.37 3.60 $ — Exercisable at September 27, 2020 136 $ 29.37 3.60 $ — Vested and expected to vest at September 27, 2020 136 $ 29.37 3.60 $ — There was no intrinsic value for the stock options based on the Company’s closing stock price of $3.12 per share as of September 27, 2020 There were no stock options exercises for the three nine September 27, 2020 three nine September 27, 2020 $0. nine September 29, 2019 no Total stock-based compensation related to stock options was approximately $11,000 and $24,000 for the three September 27, 2020 September 29, 2019 nine September 27, 2020 September 29, 2019 September 27, 2020 Restricted Stock Units The Company grants restricted stock units (“RSUs”) and performance restricted stock units ("PRSUs") to employees and directors with various vesting terms. RSUs entitle the holder to receive, at no one three September 27, 2020 September 29, 2019 nine September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 A summary of activity for the Company's RSUs for the nine September 27, 2020 RSUs & PRSUs Outstanding Weighted Average Number of Grant Date Shares Fair Value (in thousands) Nonvested at December 29, 2019 377 $ 12.55 Granted 796 $ 3.99 Vested (137 ) $ 10.59 Forfeited (210 ) $ — Nonvested at September 27, 2020 826 $ 6.24 2009 As of September 27, 2020 2009 three September 27, 2020 September 29, 2019 2009 nine September 27, 2020 September 29, 2019 2009 2009 September 27, 2020 September 29, 2019 The fair value of rights issued pursuant to the Company's 2009 Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Expected term (months) — — 6.08 6.00 Risk-free interest rate — — 0.15 % 2.40 % Volatility — — 88.35 % 53.77 % Dividend yield — — — — As of September 27, 2020 2009 |
Note 11 - Income Taxes
Note 11 - Income Taxes | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 11 The Company recorded a net income tax expense of approximately $10,000 and $70,000 for the three September 27, 2020 September 29, 2019 nine September 27, 2020 September 29, 2019 third 2020 2019 nine September 27, 2020 nine September 29, 2019 The Company believes it is more likely than not not not not not September 27, 2020 The Company had no unrecognized tax benefits as of September 27, 2020 December 31, 2019, not 12 Accrued interest and penalties related to unrecognized tax benefits are recognized as part of the income tax provision in the condensed consolidated statements of operations. The Company is subject to U.S. federal income tax as well as income taxes in many U.S. states and foreign jurisdictions in which the Company operates. The U.S. tax years from 1999 Under the Tax Reform Act of 1986, may may not 382 may The Company has not may On March 27, 2020, not On June 29, 2020, 85 "A.B.85" three three no $5 A.B.85 2020, 2021 2022 $1 January 1, 2020, January 1, 2023. A.B.85 not 2020 |
Note 12 - Information Concernin
Note 12 - Information Concerning Product Lines, Geographic Information and Revenue Concentration | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 12 The Company identifies its business segment based on business activities, management responsibility and geographic location. For all periods presented, the Company operated in a single reportable business segment. The following is a breakdown of revenue by product line (in thousands): Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Revenue by product line (1): New products $ 639 $ 1,015 $ 1,945 $ 2,413 Mature products 1,141 1,143 4,189 5,026 Total revenue $ 1,780 $ 2,158 $ 6,134 $ 7,439 ( 1 For all periods presented: New products include all products manufactured on 180 180 The following is a breakdown of revenue by shipment destination (in thousands): Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Revenue by geography: Asia Pacific (1) $ 320 $ 528 $ 1,505 $ 2,496 North America (2) 1,087 1,518 3,321 3,747 Europe 373 112 1,308 1,196 Total revenue $ 1,780 $ 2,158 $ 6,134 $ 7,439 ( 1 Asia Pacific includes revenue from Japan of $271,000, or 15% of total revenue and $510,000 or 24% of total revenue for the quarters ended September 27, 2020 September 29, 2019 nine September 27, 2020 September 29, 2019 ( 2 North America includes revenue from the United States of $1.1 million, or 61% of total revenue, and $1.4 million, or 67% of total revenue, for the three September 27, 2020 September 29, 2019 nine September 27, 2020 September 29, 2019 The following distributors and customers accounted for 10% Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Distributor "A" 22 % 55 % 29 % 43 % Distributor "C" 20 % * 18 % 10 % Distributor "E" 13 % 11 % 19 % * Distributor "G" * * * 12 % Customer "B" 10 % 17 % 12 % 14 % Customer "F" 13 % 11 % 19 % * Customer "I" * * * 11 % Customer "J" * 10 % * * Customer "K" 12 % * * * Customer "N" 16 % 14 % * * The following distributors and customers accounted for 10% September 27, December 29, 2020 2019 Distributor "A" 12 % 20 % Distributor "C" 20 % 23 % Distributor "E" 10 % 12 % Distributor "J" 27 % 31 % * Represents less than 10% As of September 27, 2020 |
Note 13 - Commitments and Conti
Note 13 - Commitments and Contingencies | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | Note 13 Commitments The Company's manufacturing suppliers require the forecast of wafer starts several months in advance. The Company is required to take delivery of and pay for a portion of forecasted wafer volume. As of September 27, 2020 December 29, 2019 The Company has purchase obligations with certain suppliers for the purchase of other goods and services entered into in the ordinary course of business. As of September 27, 2020 twelve |
Note 14 - Litigation
Note 14 - Litigation | 9 Months Ended |
Sep. 27, 2020 | |
Notes to Financial Statements | |
Legal Matters and Contingencies [Text Block] | Note 14 From time to time, the Company may not third not may September 27, 2020 not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 27, 2020 | |
Accounting Policies [Abstract] | |
Fair Value Measurement, Policy [Policy Text Block] | Fair Value Measurements The Company’s cash, cash equivalents and restricted cash include money market account balance of $24.1 $20.9 September 27, 2020 December 29, 2019 |
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block] | Restricted cash Cash, cash equivalent and restricted cash includes an amount of $100,000 p September 27, 2020 December 29, 2019 |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements Recently adopted accounting pronouncements: In August 2018, No. 2018 13, Fair Value Measurement (Topic 820 December 30, 2019 no In August 2018, No. 2018 15, Intangibles - Goodwill and Other – Internal-Use Software (Subtopic 350 40 Customer’s Accounting for Implementations Costs Incurred in a Cloud Computing Arrangement That is a Service Contract. December 15, 2019, December 15, 2021. December 30, 2019 no In June 2016, No. 2016 13 2016 13” Financial Instruments-Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments 2016 13 2016 13 December 30, 2019 no New accounting pronouncements not In December 2019, No. 2019 12, Simplifying the Accounting for Income Taxes 740, 1 2 3 December 15, 2020. In August 2020, No. 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 December 15, 2021, |
Note 4 - Balance Sheet Compon_2
Note 4 - Balance Sheet Components (Tables) | 9 Months Ended |
Sep. 27, 2020 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | September 27, December 29, 2020 2019 Inventories: Raw materials $ 191 $ 222 Work-in-process 2,229 2,370 Finished goods 718 668 $ 3,138 $ 3,260 Other current assets: Prepaid taxes, royalties and other prepaid expenses $ 906 $ 1,296 Other 261 269 $ 1,167 $ 1,565 Property and equipment, net: Equipment $ 10,426 $ 10,694 Software 1,786 1,789 Furniture and fixtures 33 36 Leasehold improvements 466 474 12,711 12,993 Less: Accumulated depreciation and amortization (12,148 ) (12,163 ) $ 563 $ 830 Capitalized internal-use software, net: Capitalized internal-use software $ 972 $ 365 Less: Accumulated amortization (128 ) (32 ) $ 844 $ 333 Accrued liabilities: Employee related accruals $ 1,011 $ 713 Other 357 420 $ 1,368 $ 1,133 |
Note 5 - Intangible Assets (Tab
Note 5 - Intangible Assets (Tables) | 9 Months Ended |
Sep. 27, 2020 | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] | Annual Fiscal Years 2020 (remaining period) $ 38 2021 107 2022 107 2023 107 2024 107 Thereafter 431 Total $ 897 |
Sensi ML [Member] | |
Notes Tables | |
Schedule of Finite-Lived Intangible Assets [Table Text Block] | September 27, 2020 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Developed technology $ 959 $ (168 ) $ 791 Customer relationships 81 (70 ) 11 Trade names and trademarks 116 (21 ) 95 Total acquired identifiable intangible assets $ 1,156 $ (259 ) $ 897 |
Note 7 - Leases (Tables)
Note 7 - Leases (Tables) | 9 Months Ended |
Sep. 27, 2020 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended Nine Months Ended September 27, 2020 September 29, 2019 September 27, 2020 September 29, 2019 Operating lease costs: Fixed $ 146 $ 186 $ 440 $ 596 Short term 4 6 15 33 Total $ 150 $ 192 $ 455 $ 629 Finance lease costs: Amortization of ROU asset $ 91 $ 91 $ 224 $ 273 Interest 9 3 29 14 Total $ 100 $ 94 $ 253 $ 287 |
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | Nine Months Ended September 27, September 29, 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 427 $ 633 Operating cash flows used for finance leases 29 20 Financing cash flows used for financing leases 179 283 Total $ 635 $ 936 Right-of-use assets obtained in exchange for obligations: Operating leases $ — $ 1,920 Finance leases 773 250 Total $ 773 $ 2,170 |
Schedule of Right of Use Assets and Lease Liabilities [Table Text Block] | September 27, 2020 December 29, 2019 Right-of-use assets: Operating leases $ 1,344 $ 2,200 Finance leases 651 170 Total right of use assets $ 1,995 $ 2,370 Lease liabilities: Operating leases $ 1,386 $ 1,816 Finance leases 620 471 Total lease liabilities $ 2,006 $ 2,287 |
Schedule of Future Lease Payments for Leases [Table Text Block] | Annual Fiscal Years Operating Leases Finance Leases 2020 (Remaining period) $ 110 $ 103 2021 488 281 2022 409 278 2023 422 — 2024 106 — Total lease payments 1,535 662 Less: Interest (149 ) (42 ) Present value of lease liabilities $ 1,386 $ 620 |
Schedule of Lease Terms and Weighted Average Discount Rate [Table Text Block] | September 27, 2020 December 29, 2019 Right-of-use assets: Weighted-average remaining lease term (years) Operating leases 3.26 3.81 Finance leases 2.25 2.65 Weighted-average discount rates: Operating leases 6.00 % 6.00 % Finance leases 5.50 % 5.81 % |
Note 10 - Stock-based Compens_2
Note 10 - Stock-based Compensation (Tables) | 9 Months Ended |
Sep. 27, 2020 | |
Notes Tables | |
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Cost of revenue $ 37 $ 15 $ 80 $ 59 Research and development 51 521 73 1,708 Selling, general and administrative 170 212 448 723 Total $ 258 $ 748 $ 601 $ 2,490 |
Share-based Payment Arrangement, Activity [Table Text Block] | Shares Available for Grants 2020 Plan Balance at December 29, 2019 272 Authorized shares 550 RSUs granted (356 ) PRSU's granted (440 ) Options cancelled 50 RSUs forfeited or expired 168 PRSUs forfeited or expired 43 Balance at September 27, 2020 287 |
Share-based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Weighted Average Average Aggregate Number of Exercise Remaining Intrinsic Shares Price Term Value (in thousands) (in years) (in thousands) Balance outstanding at December 29, 2019 186 $ 32.09 3.32 — Forfeited or expired (50 ) — Exercised — — Balance outstanding at September 27, 2020 136 $ 29.37 3.60 $ — Exercisable at September 27, 2020 136 $ 29.37 3.60 $ — Vested and expected to vest at September 27, 2020 136 $ 29.37 3.60 $ — |
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | RSUs & PRSUs Outstanding Weighted Average Number of Grant Date Shares Fair Value (in thousands) Nonvested at December 29, 2019 377 $ 12.55 Granted 796 $ 3.99 Vested (137 ) $ 10.59 Forfeited (210 ) $ — Nonvested at September 27, 2020 826 $ 6.24 |
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] | Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Expected term (months) — — 6.08 6.00 Risk-free interest rate — — 0.15 % 2.40 % Volatility — — 88.35 % 53.77 % Dividend yield — — — — |
Note 12 - Information Concern_2
Note 12 - Information Concerning Product Lines, Geographic Information and Revenue Concentration (Tables) | 9 Months Ended |
Sep. 27, 2020 | |
Notes Tables | |
Revenue from External Customers by Products and Services [Table Text Block] | Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Revenue by product line (1): New products $ 639 $ 1,015 $ 1,945 $ 2,413 Mature products 1,141 1,143 4,189 5,026 Total revenue $ 1,780 $ 2,158 $ 6,134 $ 7,439 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Revenue by geography: Asia Pacific (1) $ 320 $ 528 $ 1,505 $ 2,496 North America (2) 1,087 1,518 3,321 3,747 Europe 373 112 1,308 1,196 Total revenue $ 1,780 $ 2,158 $ 6,134 $ 7,439 |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | Three Months Ended Nine Months Ended September 27, September 29, September 27, September 29, 2020 2019 2020 2019 Distributor "A" 22 % 55 % 29 % 43 % Distributor "C" 20 % * 18 % 10 % Distributor "E" 13 % 11 % 19 % * Distributor "G" * * * 12 % Customer "B" 10 % 17 % 12 % 14 % Customer "F" 13 % 11 % 19 % * Customer "I" * * * 11 % Customer "J" * 10 % * * Customer "K" 12 % * * * Customer "N" 16 % 14 % * * September 27, December 29, 2020 2019 Distributor "A" 12 % 20 % Distributor "C" 20 % 23 % Distributor "E" 10 % 12 % Distributor "J" 27 % 31 % |
Note 1 - The Company and Basi_2
Note 1 - The Company and Basis of Presentation (Details Textual) | Jul. 21, 2020USD ($)shares | Jun. 22, 2020USD ($)$ / sharesshares | May 06, 2020USD ($) | Dec. 23, 2019 | Nov. 06, 2019 | Jun. 21, 2019USD ($)$ / sharesshares | Jul. 21, 2020USD ($) | Sep. 27, 2020USD ($)$ / sharesshares | Jun. 28, 2020shares | Jun. 30, 2019shares | [1] | Sep. 27, 2020USD ($)$ / shares | Sep. 29, 2019USD ($) | Dec. 29, 2019USD ($)$ / shares |
Restricted Cash and Cash Equivalents, Current, Total | $ 24,700,000 | $ 24,700,000 | ||||||||||||
Line of Credit, Current | $ 15,000,000 | 15,000,000 | $ 15,000,000 | |||||||||||
Proceeds from Issuance of Debt | $ 1,191,000 | $ 0 | ||||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||||
Proceeds from Issuance of Common Stock | $ 8,099,000 | $ 8,258,000 | ||||||||||||
Reverse Stock Split [Member] | ||||||||||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 14 | 14 | ||||||||||||
Underwritten Public Offering [Member] | ||||||||||||||
Payments of Stock Issuance Costs | $ 1,100,000 | |||||||||||||
Common Stock [Member] | ||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 142,000 | 2,500,000 | 1,314,000 | |||||||||||
Common Stock [Member] | Underwritten Public Offering [Member] | ||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 2,500,000 | 1,300,000 | ||||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | ||||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ / shares | $ 3.50 | $ 7 | ||||||||||||
Proceeds from Issuance of Common Stock | $ 8,800,000 | $ 8,000,000 | $ 9,300,000 | |||||||||||
Common Stock [Member] | Exercise of Option for Overallotment of Shares by Underwriters [Member] | ||||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 141,733 | 375,000 | 171,429 | |||||||||||
Proceeds from Issuance of Common Stock | $ 500,000 | |||||||||||||
Payments of Stock Issuance Costs | $ 52,000 | |||||||||||||
Common Stock [Member] | Underwritten Public Offering, Including Exercise of Overallotment Options by Underwriters [Member] | ||||||||||||||
Proceeds from Issuance of Common Stock | 9,300,000 | |||||||||||||
Payments of Stock Issuance Costs | 1,200,000 | |||||||||||||
Proceeds from Issuance of Common Stock, Net | $ 8,100,000 | |||||||||||||
Heritage Bank of Commerce [Member] | Revolving Credit Facility [Member] | ||||||||||||||
Line of Credit, Current | $ 15,000,000 | $ 15,000,000 | $ 15,000,000 | |||||||||||
Line of Credit Facility, Expiration Period (Year) | 1 year | |||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.50% | |||||||||||||
Heritage Bank of Commerce [Member] | Revolving Credit Facility [Member] | Prime Rate [Member] | ||||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | |||||||||||||
Paycheck Protection Program [Member] | ||||||||||||||
Proceeds from Issuance of Debt | $ 1,200,000 | $ 1,200,000 | ||||||||||||
[1] | Common stock shares and additional paid-in capital amounts as of December 31, 2018, and in the three-months ended March 31, 2019 and September 29, 2019 are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019. |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies (Details Textual) - USD ($) | Sep. 27, 2020 | Dec. 29, 2019 |
Pledged Cash Security Related to Use of Credit Cards | $ 100,000 | $ 100,000 |
Note 3 - Net Loss Per Share (De
Note 3 - Net Loss Per Share (Details Textual) | Dec. 23, 2019 | Sep. 27, 2020shares | Sep. 29, 2019shares | Sep. 27, 2020shares | Sep. 29, 2019shares | May 29, 2018shares |
Reverse Stock Split [Member] | ||||||
Stockholders' Equity Note, Stock Split, Conversion Ratio | 14 | 14 | ||||
Common Stock [Member] | Maximum [Member] | ||||||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 386,100 | |||||
Share-based Payment Arrangement [Member] | ||||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 979,363 | 559,587 | 979,363 | 559,587 |
Note 4 - Balance Sheet Compon_3
Note 4 - Balance Sheet Components - Balance Sheet Components (Details) - USD ($) $ in Thousands | Sep. 27, 2020 | Dec. 29, 2019 |
Inventories: | ||
Raw materials | $ 191 | $ 222 |
Work-in-process | 2,229 | 2,370 |
Finished goods | 718 | 668 |
Inventory, Net, Total | 3,138 | 3,260 |
Other current assets: | ||
Prepaid taxes, royalties and other prepaid expenses | 906 | 1,296 |
Other | 261 | 269 |
Prepaid Expense and Other Assets, Current | 1,167 | 1,565 |
Property and equipment, net: | ||
Property and equipment, gross | 12,711 | 12,993 |
Less: Accumulated depreciation and amortization | (12,148) | (12,163) |
Property, Plant and Equipment, Net, Ending Balance | 563 | 830 |
Capitalized internal-use software, net: | ||
Capitalized internal-use software | 972 | 365 |
Less: Accumulated amortization | (128) | (32) |
Capitalized Computer Software, Net, Ending Balance | 844 | 333 |
Accrued liabilities: | ||
Employee related accruals | 1,011 | 713 |
Other | 357 | 420 |
Accrued Liabilities, Current, Total | 1,368 | 1,133 |
Equipment [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | 10,426 | 10,694 |
Software [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | 1,786 | 1,789 |
Furniture and Fixtures [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | 33 | 36 |
Leasehold Improvements [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | $ 466 | $ 474 |
Note 5 - Intangible Assets - Sc
Note 5 - Intangible Assets - Schedule of Carrying Value of Intangible Assets (Details) $ in Thousands | Sep. 27, 2020USD ($) |
Net Carrying Amount | $ 897 |
Sensi ML [Member] | |
Gross Carrying Amount | 1,156 |
Accumulated Amortization | (259) |
Net Carrying Amount | 897 |
Sensi ML [Member] | Developed Technology Rights [Member] | |
Gross Carrying Amount | 959 |
Accumulated Amortization | (168) |
Net Carrying Amount | 791 |
Sensi ML [Member] | Customer Relationships [Member] | |
Gross Carrying Amount | 81 |
Accumulated Amortization | (70) |
Net Carrying Amount | 11 |
Sensi ML [Member] | Trademarks and Trade Names [Member] | |
Gross Carrying Amount | 116 |
Accumulated Amortization | (21) |
Net Carrying Amount | $ 95 |
Note 5 - Intangible Assets - _2
Note 5 - Intangible Assets - Schedule of Expected Future Annual Amortization of Intangible Assets (Details) $ in Thousands | Sep. 27, 2020USD ($) |
2020 (remaining period) | $ 38 |
2021 | 107 |
2022 | 107 |
2023 | 107 |
2024 | 107 |
Thereafter | 431 |
Total | $ 897 |
Note 6 - Debt Obligations (Deta
Note 6 - Debt Obligations (Details Textual) | Jun. 29, 2020USD ($) | May 06, 2020USD ($) | Nov. 06, 2019USD ($) | Sep. 27, 2020USD ($) | Sep. 29, 2019USD ($) | Dec. 29, 2019USD ($) | Dec. 21, 2018USD ($) | Sep. 28, 2018USD ($) |
Line of Credit, Current | $ 15,000,000 | $ 15,000,000 | ||||||
Repayments of Lines of Credit | 42,000,000 | $ 32,000,000 | ||||||
Heritage Bank of Commerce [Member] | Paycheck Protection Program [Member] | ||||||||
Debt Instrument, Face Amount | $ 1,200,000 | |||||||
Number of Monthly Equal Instalments | 18 | |||||||
Debt Instrument, Periodic Payment, Total | $ 67,000 | |||||||
Heritage Bank of Commerce [Member] | Revolving Credit Facility [Member] | ||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 15,000,000 | $ 9,000,000 | ||||||
Minimum Cash Required for Covenant Related to Credit Facility | $ 3,000,000 | |||||||
Line of Credit Facility, Expiration Period (Year) | 1 year | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.50% | |||||||
Line of Credit, Current | $ 15,000,000 | $ 15,000,000 | ||||||
Debt Instrument, Interest Rate, Effective Percentage | 5.50% | 5.50% | ||||||
Repayments of Lines of Credit | $ 15,000,000 | |||||||
Heritage Bank of Commerce [Member] | Revolving Credit Facility [Member] | Prime Rate [Member] | ||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% |
Note 7 - Leases (Details Textua
Note 7 - Leases (Details Textual) | 3 Months Ended | 9 Months Ended | ||||
Sep. 27, 2020USD ($) | Sep. 29, 2019USD ($) | Sep. 27, 2020USD ($) | Sep. 29, 2019USD ($) | Jul. 10, 2020ft² | Dec. 29, 2019USD ($) | |
Operating and Finance Lease, Right of Use Asset | $ 1,995,000 | $ 1,995,000 | $ 2,370,000 | |||
Operating and Finance Lease Liability | 2,006,000 | 2,006,000 | $ 2,287,000 | |||
Operating Lease, Expense | $ 150,000 | $ 192,000 | $ 455,000 | $ 629,000 | ||
Office in India [Member] | ||||||
Lessee, Operating Lease, Term of Contract (Year) | 11 months | |||||
Area of Land (Square Foot) | ft² | 1,100 | |||||
Minimum [Member] | ||||||
Lessee, Operating Lease, Term of Contract (Year) | 1 year | 1 year | ||||
Lessee, Finance Lease, Term of Contract (Year) | 2 years | 2 years | ||||
Maximum [Member] | ||||||
Lessee, Operating Lease, Term of Contract (Year) | 5 years | 5 years | ||||
Lessee, Finance Lease, Term of Contract (Year) | 3 years | 3 years |
Note 7 - Leases - Summary of Op
Note 7 - Leases - Summary of Operating and Finance Leases (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | |
Fixed | $ 146 | $ 186 | $ 440 | $ 596 |
Short term | 4 | 6 | 15 | 33 |
Total | 150 | 192 | 455 | 629 |
Amortization of ROU asset | 91 | 91 | 224 | 273 |
Interest | 9 | 3 | 29 | 14 |
Total | $ 100 | $ 94 | $ 253 | $ 287 |
Note 7 - Leases - Summary of Su
Note 7 - Leases - Summary of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 27, 2020 | Sep. 29, 2019 | |
Operating cash flows used for operating leases | $ 427 | $ 633 |
Operating cash flows used for finance leases | 29 | 20 |
Financing cash flows used for financing leases | 179 | 283 |
Total | 635 | 936 |
Operating leases | 0 | 1,920 |
Finance leases | 773 | 250 |
Total | $ 773 | $ 2,170 |
Note 7 - Leases - Details of Ri
Note 7 - Leases - Details of Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands | Sep. 27, 2020 | Dec. 29, 2019 |
Operating leases | $ 1,344 | $ 2,200 |
Finance leases | 651 | 170 |
Total right of use assets | 1,995 | 2,370 |
Operating leases | 1,386 | 1,816 |
Finance leases | 620 | 471 |
Total lease liabilities | $ 2,006 | $ 2,287 |
Note 7 - Leases - Schedule of F
Note 7 - Leases - Schedule of Future Lease Payments for Leases (Details) - USD ($) $ in Thousands | Sep. 27, 2020 | Dec. 29, 2019 |
2020 (Remaining period), operating | $ 110 | |
2020 (Remaining period), finance | 103 | |
2021, operating | 488 | |
2021, finance | 281 | |
2022, operating | 409 | |
2022, finance | 278 | |
2023, operating | 422 | |
2023, finance | 0 | |
2024, operating | 106 | |
2024, finance | 0 | |
Total lease payments, operating | 1,535 | |
Total lease payments, finance | 662 | |
Less: Interest, operating | (149) | |
Less: Interest, finance | (42) | |
Present value of lease liabilities, operating | 1,386 | $ 1,816 |
Present value of lease liabilities, finance | $ 620 | $ 471 |
Note 7 - Leases - Schedule of L
Note 7 - Leases - Schedule of Lease Terms and Weighted Average Discount Rate (Details) | Sep. 27, 2020 | Dec. 29, 2019 |
Operating leases (Year) | 3 years 3 months 3 days | 3 years 9 months 21 days |
Finance leases (Year) | 2 years 3 months | 2 years 7 months 24 days |
Operating leases | 6.00% | 6.00% |
Finance leases | 5.50% | 5.81% |
Note 8 - Stockholders' Equity (
Note 8 - Stockholders' Equity (Details Textual) - USD ($) | Jul. 21, 2020 | Jun. 22, 2020 | Jun. 21, 2019 | Jul. 21, 2020 | Sep. 27, 2020 | Jun. 28, 2020 | Jun. 30, 2019 | [1] | Sep. 27, 2020 | Sep. 29, 2019 | Dec. 29, 2019 | Mar. 29, 2019 |
Common Stock, Shares Authorized (in shares) | 200,000,000 | 200,000,000 | 200,000,000 | |||||||||
Preferred Stock, Shares Authorized (in shares) | 10,000,000 | 10,000,000 | 10,000,000 | |||||||||
Shelf Registration Maximum Offering | $ 75,000,000 | |||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||
Proceeds from Issuance of Common Stock | $ 8,099,000 | $ 8,258,000 | ||||||||||
Class of Warrant or Right, Outstanding (in shares) | 386,100 | 386,100 | ||||||||||
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ 19.32 | $ 19.32 | ||||||||||
Common Stock [Member] | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 142,000 | 2,500,000 | 1,314,000 | |||||||||
Underwritten Public Offering [Member] | ||||||||||||
Payments of Stock Issuance Costs | $ 1,100,000 | |||||||||||
Underwritten Public Offering [Member] | Common Stock [Member] | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,500,000 | 1,300,000 | ||||||||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | ||||||||||
Shares Issued, Price Per Share (in dollars per share) | $ 3.50 | $ 7 | ||||||||||
Proceeds from Issuance of Common Stock | $ 8,800,000 | $ 8,000,000 | $ 9,300,000 | |||||||||
Exercise of Option for Overallotment of Shares by Underwriters [Member] | Common Stock [Member] | ||||||||||||
Stock Issued During Period, Shares, New Issues (in shares) | 141,733 | 375,000 | 171,429 | |||||||||
Proceeds from Issuance of Common Stock | $ 500,000 | |||||||||||
Payments of Stock Issuance Costs | $ 52,000 | |||||||||||
Underwritten Public Offering, Including Exercise of Overallotment Options by Underwriters [Member] | Common Stock [Member] | ||||||||||||
Proceeds from Issuance of Common Stock | 9,300,000 | |||||||||||
Payments of Stock Issuance Costs | 1,200,000 | |||||||||||
Proceeds from Issuance of Common Stock, Net | $ 8,100,000 | |||||||||||
[1] | Common stock shares and additional paid-in capital amounts as of December 31, 2018, and in the three-months ended March 31, 2019 and September 29, 2019 are adjusted to reflect 1-for-14 reverse stock split effected on December 23, 2019. |
Note 9 - Employee Stock Plans (
Note 9 - Employee Stock Plans (Details Textual) - shares | Apr. 22, 2020 | Apr. 24, 2019 | Apr. 26, 2017 | Apr. 23, 2015 | Sep. 27, 2020 |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 362,335 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares) | 300,000 | 107,143 | 71,429 | ||
Stock Plan 2019 [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 550,000 | 357,143 | 286,628 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares) | 550,000 | ||||
Stock Plan 2009 [Member] | |||||
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation (in shares) | 299,070 |
Note 10 - Stock-based Compens_3
Note 10 - Stock-based Compensation (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 27, 2020 | Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | Dec. 29, 2019 | |
Share-based Payment Arrangement, Amount Capitalized | $ 0 | $ 0 | $ 0 | $ 0 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $ 0 | $ 0 | $ 0 | |||
Share Price (in dollars per share) | $ 3.12 | $ 3.12 | $ 3.12 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period (in shares) | 0 | 0 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value | $ 0 | $ 0 | ||||
Proceeds from Stock Options Exercised | 3,600 | |||||
Share-based Payment Arrangement, Expense | $ 258,000 | 748,000 | 601,000 | 2,490,000 | ||
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount | $ 0 | $ 0 | $ 0 | |||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 7 months 2 days | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 362,335 | 362,335 | 362,335 | |||
Employee Stock Purchase Plan [Member] | ||||||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 9,000 | $ 9,000 | $ 9,000 | |||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 8 months 12 days | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares) | 362,335 | 362,335 | 362,335 | |||
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 16,000 | $ 0 | $ 24,000 | $ 60,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ 1.83 | $ 1.83 | $ 0 | $ 1.83 | $ 0 | |
Share-based Payment Arrangement, Option [Member] | ||||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 | 0 | 0 | ||
Share-based Payment Arrangement, Expense | $ 11,000 | $ 24,000 | $ 39,000 | $ 73,000 | ||
Restricted Stock Units (RSUs) [Member] | ||||||
Share-based Payment Arrangement, Expense | 231,000 | 724,000 | 538,000 | 2,400,000 | ||
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1,200,000 | $ 1,200,000 | $ 2,700,000 | $ 1,200,000 | $ 2,700,000 | |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share) | $ 6.24 | $ 6.24 | $ 6.24 | $ 12.55 |
Note 10 - Stock-based Compens_4
Note 10 - Stock-based Compensation - Schedule of Allocation of Recognized Period Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | |
Total costs and expenses | $ 258 | $ 748 | $ 601 | $ 2,490 |
Cost of Sales [Member] | ||||
Total costs and expenses | 37 | 15 | 80 | 59 |
Research and Development Expense [Member] | ||||
Total costs and expenses | 51 | 521 | 73 | 1,708 |
Selling, General and Administrative Expenses [Member] | ||||
Total costs and expenses | $ 170 | $ 212 | $ 448 | $ 723 |
Note 10 - Stock-Based Compens_5
Note 10 - Stock-Based Compensation - Schedule of Stock Based Compensation Award Activity (Details) - shares | Apr. 22, 2020 | Apr. 26, 2017 | Apr. 23, 2015 | Sep. 27, 2020 |
Balance (in shares) | 186,000 | |||
Authorized shares (in shares) | 300,000 | 107,143 | 71,429 | |
Options cancelled (in shares) | 50,000 | |||
Balance (in shares) | 136,000 | |||
Restricted Stock Units (RSUs) [Member] | ||||
Granted (in shares) | (796,000) | |||
Forfeited or expired (in shares) | 210,000 | |||
Stock Plan 2019 [Member] | ||||
Balance (in shares) | 272,000 | |||
Authorized shares (in shares) | 550,000 | |||
Options cancelled (in shares) | 50,000 | |||
Balance (in shares) | 287,000 | |||
Stock Plan 2019 [Member] | Restricted Stock Units (RSUs) [Member] | ||||
Granted (in shares) | (356,000) | |||
Forfeited or expired (in shares) | 168,000 | |||
Stock Plan 2019 [Member] | Performance Restricted Stock Units (PRSUs) [Member] | ||||
Granted (in shares) | (440,000) | |||
Forfeited or expired (in shares) | 43,000 |
Note 10 - Stock-Based Compens_6
Note 10 - Stock-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, shares in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended |
Sep. 27, 2020 | Sep. 27, 2020 | Dec. 29, 2019 | |
Balance (in shares) | 186 | ||
Balance, weighted average exercise price (in dollars per share) | $ 32.09 | ||
Balance, weighted average remaining term (Year) | 3 years 7 months 6 days | 3 years 3 months 25 days | |
Forfeited or expired (in shares) | (50) | ||
Exercised (in shares) | 0 | 0 | |
Balance (in shares) | 136 | 136 | 186 |
Balance, weighted average exercise price (in dollars per share) | $ 29.37 | $ 29.37 | $ 32.09 |
Balance, aggregate intrinsic value | $ 0 | $ 0 | |
Exercisable (in shares) | 136 | 136 | |
Exercisable, weighted average exercise price (in dollars per share) | $ 29.37 | $ 29.37 | |
Exercisable, weighted average remaining term (Year) | 3 years 7 months 6 days | ||
Vested and expected to vest (in shares) | 136 | 136 | |
Vested and expected to vest, weighted average exercise price (in dollars per share) | $ 29.37 | $ 29.37 | |
Vested and expected to vest, weighted average remaining term (Year) | 3 years 7 months 6 days |
Note 10 - Stock-Based Compens_7
Note 10 - Stock-Based Compensation - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] shares in Thousands | 9 Months Ended |
Sep. 27, 2020$ / sharesshares | |
Nonvested (in shares) | 377 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 12.55 |
Granted (in shares) | 796 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | $ 3.99 |
Vested (in shares) | (137) |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 10.59 |
Forfeited (in shares) | (210) |
Nonvested (in shares) | 826 |
Nonvested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 6.24 |
Note 10 - Stock-Based Compens_8
Note 10 - Stock-Based Compensation - Schedule of Weighted Average Assumptions (Details) | 3 Months Ended | 9 Months Ended | ||
Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | |
Expected term (months) (Year) | 6 years 29 days | 6 years | ||
Risk-free interest rate | 0.00% | 0.00% | 0.15% | 2.40% |
Volatility | 0.00% | 0.00% | 88.35% | 53.77% |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% |
Note 11 - Income Taxes (Details
Note 11 - Income Taxes (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 27, 2020 | Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | Dec. 31, 2019 | |
Income Tax Expense (Benefit), Total | $ 10,000 | $ 10,000 | $ 70,000 | $ 1,000 | $ (171,000) | |
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | $ 0 | $ 0 | $ 0 | $ 0 |
Note 12 - Information Concern_3
Note 12 - Information Concerning Product Lines, Geographic Information and Revenue Concentration (Details Textual) - USD ($) | 3 Months Ended | 9 Months Ended | ||||
Sep. 27, 2020 | Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | ||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | [1] | $ 1,780,000 | $ 2,158,000 | $ 6,134,000 | $ 7,439,000 | |
JAPAN | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 271,000 | $ 510,000 | $ 1,400,000 | $ 1,300,000 | ||
JAPAN | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | ||||||
Concentration Risk, Percentage | 15.00% | 24.00% | 23.00% | 17.00% | ||
UNITED STATES | ||||||
Revenue from Contract with Customer, Excluding Assessed Tax, Total | $ 1,100,000 | $ 1,400,000 | $ 3,300,000 | $ 3,600,000 | ||
UNITED STATES | Revenue Benchmark [Member] | Geographic Concentration Risk [Member] | ||||||
Concentration Risk, Percentage | 61.00% | 67.00% | 54.00% | 49.00% | ||
Non-US [Member] | Assets, Total [Member] | Geographic Concentration Risk [Member] | ||||||
Concentration Risk, Percentage | 6.00% | |||||
[1] | For all periods presented: New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, Quick AI and SensiML AI software as a service ("SaaS") revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometer. |
Note 12 - Information Concern_4
Note 12 - Information Concerning Product Lines, Geographic Information and Revenue Concentration - Schedule of Revenue by Product Line (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | ||
Total revenue | [1] | $ 1,780 | $ 2,158 | $ 6,134 | $ 7,439 |
New Products [Member] | |||||
Total revenue | [1] | 639 | 1,015 | 1,945 | 2,413 |
Mature Products [Member] | |||||
Total revenue | [1] | $ 1,141 | $ 1,143 | $ 4,189 | $ 5,026 |
[1] | For all periods presented: New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, Quick AI and SensiML AI software as a service ("SaaS") revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometer. |
Note 12 - Information Concern_5
Note 12 - Information Concerning Product Lines, Geographic Information and Revenue Concentration - Schedule of Revenue by Shipment Destination (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | |||
Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | ||
Total revenue | [1] | $ 1,780 | $ 2,158 | $ 6,134 | $ 7,439 |
Asia Pacific [Member] | |||||
Total revenue | [2] | 320 | 528 | 1,505 | 2,496 |
North America [Member] | |||||
Total revenue | [3] | 1,087 | 1,518 | 3,321 | 3,747 |
Europe [Member] | |||||
Total revenue | $ 373 | $ 112 | $ 1,308 | $ 1,196 | |
[1] | For all periods presented: New products include all products manufactured on 180 nanometer or smaller semiconductor processes, eFPGA IP license, Quick AI and SensiML AI software as a service ("SaaS") revenues. Mature products include all products produced on semiconductor processes larger than 180 nanometer. | ||||
[2] | Asia Pacific includes revenue from Japan of $271,000, or 15% of total revenue and $510,000 or 24% of total revenue for the quarters ended September 27, 2020 and September 29, 2019, respectively. For the nine months ended September 27, 2020 and September 29, 2019, revenue from Japan was $1.4 million, or 23% of total revenue, and $1.3 million, or 17% of total revenue, respectively. | ||||
[3] | North America includes revenue from the United States of $1.1 million, or 61% of total revenue, and $1.4 million, or 67% of total revenue, for the three months ended September 27, 2020 and September 29, 2019, respectively. For the nine months ended September 27, 2020 and September 29, 2019 revenue from the United States was $3.3 million, or 54% of total revenue, and $3.6 million, or 49% of total revenue, respectively. |
Note 12 - Information Concern_6
Note 12 - Information Concerning Product Lines, Geographic Information and Revenue Concentration - Customer and Distributor Concentration (Details) - Customer Concentration Risk [Member] | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||
Sep. 27, 2020 | Sep. 29, 2019 | Sep. 27, 2020 | Sep. 29, 2019 | Dec. 29, 2019 | |
Distributor "A" [Member] | Accounts Receivable [Member] | |||||
Concentration risk percentage | 12.00% | 20.00% | |||
Distributor "A" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 22.00% | 55.00% | 29.00% | 43.00% | |
Distributor "C" [Member] | Accounts Receivable [Member] | |||||
Concentration risk percentage | 20.00% | 23.00% | |||
Distributor "C" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 20.00% | 18.00% | 10.00% | ||
Distributor "E" [Member] | Accounts Receivable [Member] | |||||
Concentration risk percentage | 10.00% | 12.00% | |||
Distributor "E" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 13.00% | 11.00% | 19.00% | ||
Distributor "J" [Member] | Accounts Receivable [Member] | |||||
Concentration risk percentage | 27.00% | 31.00% | |||
Distributor "G" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 12.00% | ||||
Customer "B" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 10.00% | 17.00% | 12.00% | 14.00% | |
Customer "F" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 13.00% | 11.00% | 19.00% | ||
Customer "I" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 11.00% | ||||
Customer "J" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 10.00% | ||||
Customer "K" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 12.00% | ||||
Customer "N" [Member] | Revenue Benchmark [Member] | |||||
Concentration risk percentage | 16.00% | 14.00% |
Note 13 - Commitments and Con_2
Note 13 - Commitments and Contingencies (Details Textual) - USD ($) | Sep. 27, 2020 | Dec. 29, 2019 |
Wafer Purchase Commitment [Member] | ||
Purchase Commitment, Remaining Minimum Amount Committed | $ 141,000 | $ 57,000 |
Other Goods and Services [Member] | ||
Purchase Obligation, Total | $ 469,000 |