QUICKLOGIC CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

January 3,
2021

December 29,
2019

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

22,748

$

21,548

Accounts receivable, net

1,688

1,991

Inventories

2,688

3,260

Other current assets

1,066

1,565

Total current assets

28,190

28,364

Property and equipment, net

548

830

Capitalized internal-use software, net

986

333

Right of use assets

1,839

2,370

Intangible assets, net

860

1,008

Goodwill

185

185

Other assets

280

314

TOTAL ASSETS

$

32,888

$

33,404

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

15,000

$

15,000

Trade payables

935

1,003

Accrued liabilities

1,340

1,133

Deferred revenue

52

158

Lease liabilities, current

685

704

Total current liabilities

18,012

17,998

Long-term liabilities:

Paycheck protection program loan

1,192

—

Lease liabilities, non-current

1,197

1,583

Total liabilities

20,401

19,581

Stockholders' equity:

Common stock, par value

11

8

Additional paid-in capital

306,885

297,073

Accumulated deficit

(294,409)

(283,258)

Total stockholders' equity

12,487

13,823

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

32,888

$

33,404