Quarterly report [Sections 13 or 15(d)]

Unaudited Condensed Consolidated Balance Sheets

v3.25.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 28, 2025
Mar. 30, 2025
Cash and cash equivalents $ 810 $ 521
Accounts receivable - net of allowances of $2,046 and $1,723, respectively    
Due from factor 16,119 21,854
Other 2,314 2,654
Inventory, Net 32,582 27,800
Prepaid expenses 2,264 2,474
Total current assets 54,089 55,303
Operating lease right of use assets 10,265 12,253
Property, plant and equipment - net of accumulated depreciation of $5,426 and $5,037, respectively 1,825 1,888
Intangible assets - net of accumulated amortization of $11,241 and $10,840, respectively 6,649 7,050
Deferred income taxes 4,487 4,508
Other assets 150 152
Total Assets 77,465 81,154
Current liabilities:    
Accounts payable 8,907 5,225
Accrued royalties 266 1,507
Dividends payable 892 876
Operating lease liabilities, current 4,031 3,987
Accrued liabilities 1,158 1,920
Current maturities of long-term debt 1,990 1,990
Total current liabilities 17,244 15,505
Non-current liabilities:    
Long-term debt 14,352 16,512
Operating lease liabilities, noncurrent 7,086 9,107
Reserve for unrecognized tax liabilities 426 411
Total non-current liabilities 21,864 26,030
Shareholders' equity:    
Common stock - $0.01 par value per share; Authorized 40,000,000 shares at September 28, 2025 and March 30, 2025; Issued 13,616,749 shares at September 28, 2025 and 13,478,402 shares at March 30, 2025 136 135
Additional paid-in capital 59,026 58,637
Treasury stock - at cost - 2,913,962 shares at September 28, 2025 and 2,910,859 shares at March 30, 2025 (15,889) (15,880)
Retained Earnings (accumulated deficit) (4,916) (3,273)
Total shareholders' equity 38,357 39,619
Total Liabilities and Shareholders' Equity $ 77,465 $ 81,154