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Shelf Registration Statement | 12 Months Ended
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Dec. 30, 2012
Shelf Registration Statement [Abstract] |
Shelf Registration Statement | SHELF REGISTRATION STATEMENT On August 21, 2009, the Company filed a shelf registration statement on Form S-3, which was declared effective on September 2, 2009 and expired on September 1, 2012. Under the shelf registration statement, the Company raised $5.5 million, net of placement agent's fees and other offering expenses of $774,000 on November 17, 2009. On June 1, 2012, the Company filed a registration statement on Form S-3 MEF to increase the amount of securities that may be sold under the shelf registration statement by $3,362,600. In June 2012, the Company issued an aggregate of 5,122,000 shares of common stock and warrants to purchase up to an aggregate of 2,304,900 shares of common stock in a confidentially marketed underwritten offering. The common stock and warrants were issued in units (the “Units”), with each Unit consisting of (i) one share of common stock and (ii) a warrant to purchase 0.45 of a share of common stock, at a price of $2.50 per Unit. The Company received total net proceeds from the offering of $11.9 million, net of underwriting discounts and other offering expenses of $929,000. The warrants are exercisable any time for a period of 60 month s from the date of issuance on June 6, 2012, and are exercisable at a price of $2.98 per share.

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