Note 3—Supplemental Financial Information

Inventories

Inventories consisted of the following (in thousands):


	December 28,		December 29,
	2019		2018
Raw materials	$	1,052	$	1,072
Work in process		25		25
Finished goods		2,419		1,849
	$	3,496	$	2,946

Property and Equipment, net

Property and equipment, net consisted of the following (in thousands):



	December 28,		December 29,
	2019		2018
Machinery and equipment	$	7,867	$	8,850
Computer equipment and software		2,447		3,878
Leasehold improvements		737		833
Furniture and fixtures		55		420
		11,106		13,981
Less: accumulated depreciation and amortization		(10,820)		(13,702)
	$	286	$	279

Substantially all the Company’s property and equipment, net, are located within the United States as of December 28, 2019 and December 29, 2018.

Other Assets

Other assets consisted of the following (in thousands):


	December 28,		December 29,
	2019		2018
Refundable withholding tax	$	1,320	$	1,320
Other assets		56		74
	$	1,376	$	1,394

Refundable withholding tax represents the amount of tax withheld by the Company’s customer in the Republic of Korea in November 2015 and is determined to be refundable from the Korean tax authority.

Disaggregation of Net Sales

The following table shows disaggregated net sales by major source (in thousands):


	Year Ended
	December 28,		December 29,
	2019		2018
Resales of third-party products	$	19,982	$	25,148
Sale of the Company's modular memory subsystems		6,121		8,381
Total net sales	$	26,103	$	33,529

Net sales by country presented below are based on the billing location of the customer (in thousands):


	Year Ended
	December 28,		December 29,
	2019		2018
United States	$	19,919	$	23,533
China(1)		2,167		4,151
Other countries		4,017		5,845
Total net sales	$	26,103	$	33,529

(1)China includes Hong Kong and Taiwan.

The United States was the only country that accounted for more than 10% of the Company’s net sales for the year ended December 28, 2019. For the year ended December 29, 2018, the United States and China were the only countries that accounted for more than 10% of the Company’s net sales.

Computation of Net Loss Per Share

The following table shows the computation of basic and diluted net loss per share of common stock (in thousands, except per share data):


	Year Ended
	December 28,		December 29,
	2019		2018
Numerator: Net loss	$	(12,452)	$	(17,120)
Denominator: Weighted-average common shares outstanding—basic and diluted		148,132		107,071
Net loss per share—basic and diluted	$	(0.08)	$	(0.16)

No allocation of undistributed earnings to participating securities was performed for periods with net losses as such securities do not have a contractual obligation to share in the losses of the Company.

The table below sets forth potentially dilutive weighted average common share equivalents, consisting of shares issuable upon the exercise of outstanding stock options and warrants using the treasury stock method, shares issuable upon conversion of the SVIC Note and the Iliad Note (see Note 5) using the “if-converted” method, and the vesting of restricted stock awards. These potential weighted average common share equivalents have been excluded from the diluted net loss per share calculations above as their effect would be anti-dilutive (in thousands):

Cash Flow Information

The following table shows supplemental disclosures of cash flow information and non-cash financing activities (in thousands):


	Year Ended
	December 28,		December 29,
	2019		2018
Supplemental disclosure of cash flow information:
Cash paid for Interest	$	62	$	55
Supplemental disclosure of non-cash financing activities:
Common stock issued on conversion of convertible note payable and accrued interest	$	2,448	$	—
Debt financing of insurance	$	412	$	721
Iliad debt discount	$	—	$	190

Year Ended

December 28,

December 29,

Weighted average common share equivalents