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Note 5 - Balance Sheet Components

9 Months Ended

Sep. 28, 2025

Supplemental Balance Sheet Disclosures [Text Block]

Note 5 — Balance Sheet Components

The following table provides details relating to certain balance sheet line items from continuing operations as of September 28, 2025, and December 29, 2024 (in thousands):

	*September 28,*			*December 29,*
	*2025*			*2024*
Inventories, net - current:
Work-in-process	$	670		$	710
Finished goods		199			230
		869			940
Inventories, net - non-current:
Work-in-process		593			690
Finished goods		25			28
		618			718
	$	1,487		$	1,658
Prepaid expenses and other current assets:
Prepaid taxes	$	210		$	498
Deferred charges		502			792
Other prepaid taxes, royalties, and other prepaid expenses		366			242
Other		183			134
	$	1,261		$	1,666
Property and equipment, net:
Equipment	$	9,566		$	9,598
Software tools		3,077			3,402
Tooling		18,428			14,357
Software		1,776			1,776
Furniture and fixtures		54			54
Leasehold improvements		647			647
		33,548			29,834
Less: Accumulated depreciation and amortization		(16,901	)		(14,135	)
	$	16,647		$	15,699
Capitalized internal-use software, net:
Capitalized internal-use software	$	1,284		$	798
Less: Accumulated amortization		(203	)		(87	)
	$	1,081		$	711
Accrued liabilities:
Accrued compensation	$	415		$	842
Accrued employee benefits		238			75
Accrued payroll tax		99			124
Other		200			546
	$	952		$	1,587

As of September 28, 2025 and December 29, 2024, work-in-process ("WIP") inventories, net consist primarily of $0.4 million and $0.5 million, respectively, of die wafers and $0.9 million and $1.0 million, respectively, of tested, unmarked devices held for sale, which are completed upon customer orders, and open work orders.

The Company capitalized $0 million and $4.07 million in pre-production design and development costs as tooling to be utilized under its long-term professional services contracts for the three and nine months ended September 28, 2025, respectively. $1.07 million and $5.35 million in pre-production design and development costs were capitalized as tooling for the three and nine months ended September 29, 2024, respectively.

The Company recorded depreciation and amortization expense for continuing operations of $1.4 million and $3.9 million for the three and nine months ended September 28, 2025, respectively, and $0.9 million and $2.2 million for the three and nine months ended September 29, 2024, respectively. No interest was capitalized for any period presented.

Depreciation and amortization expense included approximately $46 thousand and $116 thousand of amortization expense related to capitalized internal-use software for the three and nine months ended September 28, 2025, respectively, and $20 thousand and $48 thousand for the three and nine months ended September 29, 2024, respectively.