Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Apr. 03, 2022 | May 13, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000882508 | |
Entity Registrant Name | QUICKLOGIC Corp | |
Amendment Flag | false | |
Current Fiscal Year End Date | --01-01 | |
Document Fiscal Period Focus | Q1 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Apr. 3, 2022 | |
Document Transition Report | false | |
Entity File Number | 000-22671 | |
Entity Incorporation, State or Country Code | DE | |
Entity Tax Identification Number | 77-0188504 | |
Entity Address, Address Line One | 2220 Lundy Avenue | |
Entity Address, City or Town | San Jose | |
Entity Address, State or Province | CA | |
Entity Address, Postal Zip Code | 95131-1816 | |
City Area Code | 408 | |
Local Phone Number | 990-4000 | |
Title of 12(b) Security | Common Stock, par value $.001 per share | |
Trading Symbol | QUIK | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 12,395,629 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Apr. 03, 2022 | Jan. 02, 2022 |
Current assets: | ||
Cash, cash equivalents and restricted cash | $ 20,140 | $ 19,605 |
Accounts receivable, net of allowances for doubtful accounts of $62 | 1,581 | 1,294 |
Inventories | 2,292 | 2,078 |
Other current assets | 1,119 | 1,181 |
Total current assets | 25,132 | 24,158 |
Property and equipment, net | 499 | 499 |
Capitalized internal-use software, net | 1,291 | 1,241 |
Right of use assets | 1,336 | 1,529 |
Intangible assets | 725 | 752 |
Goodwill | 185 | 185 |
Investment in privately-held non-affiliate | 300 | 300 |
Other assets | 306 | 309 |
TOTAL ASSETS | 29,774 | 28,973 |
Current liabilities: | ||
Revolving line of credit | 15,000 | 15,000 |
Trade payables | 1,332 | 934 |
Accrued liabilities | 1,963 | 1,665 |
Deferred revenue | 67 | 455 |
Lease liabilities, current | 762 | 819 |
Total current liabilities | 19,124 | 18,873 |
Long-term liabilities: | ||
Lease liabilities, non-current | 615 | 744 |
Other liabilities, non-current | 125 | 147 |
Total liabilities | 19,864 | 19,764 |
Commitments and contingencies (see Note 10) | ||
Stockholders' equity: | ||
Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Common stock, $0.001 par value; 200,000 authorized; 12,362 and 11,863 shares issued and outstanding as of April 3, 2022 and January 2, 2022, respectively | 12 | 12 |
Additional paid-in capital | 312,087 | 310,222 |
Accumulated deficit | (302,189) | (301,025) |
Total stockholders' equity | 9,910 | 9,209 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 29,774 | $ 28,973 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands | Apr. 03, 2022 | Jan. 02, 2022 |
Allowance for doubtful accounts | $ 62 | $ 62 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 10,000 | 10,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Preferred stock, shares outstanding (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 200,000 | 200,000 |
Common stock, shares issued (in shares) | 12,362 | 11,863 |
Common stock, shares outstanding (in shares) | 12,362 | 11,863 |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 03, 2022 | Apr. 04, 2021 | ||
Total revenue | $ 4,096 | $ 2,240 | |
Cost of revenue | 1,635 | 1,096 | |
Gross profit | 2,461 | 1,144 | |
Operating expenses: | |||
Research and development | 1,333 | 1,887 | |
Selling, general and administrative | 2,137 | 1,947 | |
Total operating expenses | 3,470 | 3,834 | |
Loss from operations | (1,009) | (2,690) | |
Interest expense | (33) | (32) | |
Gain on forgiveness of debt | 0 | 1,192 | |
Interest income and other income (expense), net | (123) | (7) | |
Loss before income taxes | (1,165) | (1,537) | |
(Benefit from) provision for income taxes | (1) | 152 | |
Net loss | $ (1,164) | $ (1,689) | |
Net loss per share: | |||
Basic and diluted (in dollars per share) | [1] | $ (0.10) | $ (0.15) |
Weighted average shares outstanding: | |||
Basic and diluted (in shares) | 12,126 | 11,264 | |
[1] | Net loss equals comprehensive loss for all periods presented. |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 03, 2022 | Apr. 04, 2021 | Apr. 04, 2021 | |
Cash flows from operating activities: | |||
Net loss | $ (1,164) | $ (1,689) | $ (1,689) |
Adjustments to reconcile net loss to net cash used in operating activities: | |||
Depreciation and amortization | 162 | 162 | |
Stock-based compensation | 383 | 368 | |
Write-down of inventories and reclassifications | (26) | 15 | |
Gain on forgiveness of debt | 0 | (1,192) | |
Changes in operating assets and liabilities: | |||
Accounts receivable | (287) | 386 | |
Inventories | (188) | 183 | |
Other assets | 65 | (304) | |
Trade payables | 467 | 518 | |
Accrued liabilities | 298 | 206 | |
Deferred revenue | (388) | 114 | |
Other long-term liabilities | (22) | 230 | |
Net cash used in operating activities | (700) | (1,003) | |
Cash flows from investing activities: | |||
Capital expenditures for property and equipment | (10) | (144) | |
Capitalized internal-use software | (139) | (139) | |
Net cash used in investing activities | (149) | (283) | |
Cash flows from financing activities: | |||
Payment of finance lease obligations | (98) | (43) | |
Proceeds from line of credit | 15,000 | 15,000 | |
Repayment of line of credit | (15,000) | (15,000) | |
Proceeds from issuance of common stock | 1,482 | 0 | |
Taxes paid related to settlement of equity awards | 0 | (484) | |
Net cash provided by (used in) financing activities | 1,384 | (527) | |
Net (decrease) increase in cash, cash equivalents and restricted cash | 535 | (1,813) | |
Cash, cash equivalents and restricted cash at beginning of period | 19,605 | 22,748 | |
Cash, cash equivalents and restricted cash at end of period | $ 20,140 | $ 20,935 | $ 20,935 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Jan. 02, 2021 | 11,094 | |||
Balance at Jan. 02, 2021 | $ 11 | $ 306,885 | $ (294,409) | $ 12,487 |
Common stock issued under stock plans and employee stock purchase plans (in shares) | 354 | |||
Common stock issued under stock plans and employee stock purchase plans | $ 0 | (484) | 0 | (484) |
Net loss | 0 | 0 | (1,689) | (1,689) |
Stock-based compensation | 0 | 368 | 0 | 368 |
Net loss | $ 0 | 0 | (1,689) | (1,689) |
Balance (in shares) at Apr. 04, 2021 | 11,448 | |||
Balance at Apr. 04, 2021 | $ 11 | 306,769 | (296,098) | 10,682 |
Balance (in shares) at Jan. 02, 2022 | 11,863 | |||
Balance at Jan. 02, 2022 | $ 12 | 310,222 | (301,025) | 9,209 |
Issuance of common stock under Public Stock Offering, net of stock issuance costs (in shares) | 310 | |||
Issuance of common stock under Public Stock Offering, net of stock issuance costs | $ 0 | 1,482 | 0 | 1,482 |
Common stock issued under stock plans and employee stock purchase plans (in shares) | 189 | |||
Common stock issued under stock plans and employee stock purchase plans | $ 0 | 0 | 0 | 0 |
Stock-based compensation | 0 | 383 | 0 | 383 |
Net loss | 0 | 0 | (1,164) | (1,164) |
Net loss | $ 0 | 0 | (1,164) | (1,164) |
Balance (in shares) at Apr. 03, 2022 | 12,362 | |||
Balance at Apr. 03, 2022 | $ 12 | $ 312,087 | $ (302,189) | $ 9,910 |
Note 1 - The Company and Basis
Note 1 - The Company and Basis of Presentation | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block] | Note 1 QuickLogic Corporation (“QuickLogic” or “Company”) was founded in 1988 1999. The accompanying interim condensed consolidated financial statements are unaudited. In the opinion of the Company’s management, these statements have been prepared in accordance with the United States generally accepted accounting principles (“U.S. GAAP”), and include all adjustments, consisting only of normal recurring adjustments, necessary to provide a fair statement of results for the interim periods presented. The Company recommends that these interim unaudited condensed consolidated financial statements be read in conjunction with the Company's Form 10 January 2, 2022 March 22, 2022. three April 3, 2022 not may QuickLogic's fiscal year ends on the Sunday closest to December 31 first 2022 2021 April 3, 2022 April 4, 2021 COVID- 19 There have been no 19 10 January 2, 2022 March 22, 2022 Liquidity The Company has financed its operations and capital investments through sales of common stock, finance and operating leases, a revolving line of credit with Heritage Bank (the "Revolving Facility"), and cash flows used in operations. In addition to the Company's $20.1 million of cash, cash equivalents and restricted cash as of April 3, 2022 February 2022. The Company was in compliance with all loan covenants as of April 3, 2022 April 3, 2022 On February 9, 2022, $1.5 The Company currently uses its cash to fund its working capital to accelerate the development of next generation products and for general corporate purposes. Based on past performance and current expectations, the Company believes that its existing cash and cash equivalents, together with available financial resources from the Revolving Facility, will be sufficient to fund its operations and capital expenditures and provide adequate working capital for the next twelve Various factors can affect the Company’s liquidity, including, among others: the level of revenue and gross profit as a result of the cyclicality of the semiconductor industry, the conversion of design opportunities into revenue, market acceptance of existing and new products including solutions based on its eFPGA IP, ArcticLink ® ® S3 Over the longer term, the Company anticipates that sales generated from its new product offerings and existing cash and cash equivalents, together with financial resources from its Revolving Facility, assuming renewal of the Revolving Facility or the Company entering into a new debt agreement with an alternative lender prior to the expiration of the Revolving Facility in December 2023, Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of QuickLogic and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated. Foreign Currency The functional currency of the Company's non-U.S. operations is the U.S. dollar. Accordingly, all monetary assets and liabilities of these foreign operations are translated into U.S. dollars at current period-end exchange rates and non-monetary assets and related elements of expense are translated using historical exchange rates. Income and expense elements are translated to U.S. dollars using the average exchange rates in effect during the period. Gains and losses from the foreign currency transactions of these subsidiaries are recorded as interest income and other expense, net in the unaudited condensed consolidated statements of operations. Uses of Estimates The preparation of these unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosures of contingent assets and liabilities and the reported amounts of revenue and expenses during the period. Actual results could differ materially from those estimates, particularly in relation to revenue recognition, the allowance for doubtful accounts, sales returns, valuation of long-lived assets including mask sets, valuation of goodwill, capitalized internal-use software and related amortizable lives, fair value measurements, and intangibles related to the acquisition of SensiML, including the estimated useful lives of acquired intangible assets, valuation of inventories including identification of excess quantities, market value and obsolescence, measurement of stock-based compensation awards, accounting for income taxes and estimating accrued liabilities. For additional information, please refer to the Company's most recent annual report which was filed with the SEC on March 22, 2022. Concentration of Risk The Company's accounts receivable is denominated in U.S. dollars and are derived primarily from sales to customers located in North America, Asia Pacific, and Europe. The Company performs ongoing credit evaluations of its customers and generally does not 9, |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | Note 2 During the three April 3, 2022 no 10 January 2, 2022 10 January 2, 2022 March 22, 2022. Recent Accounting Standards Adopted In May 2021, No. 2021 04, Issuer s Accounting for Certain Modifications of Exchanges of Freestanding Equity-Classified Written Call Options January 3, 2022 not |
Note 3 - Net Loss Per Share
Note 3 - Net Loss Per Share | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | Note 3 Basic loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share was computed using the weighted average number of common shares outstanding during the period plus potentially dilutive common shares outstanding during the period under the treasury stock method. In computing diluted net loss per share, the weighted average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options and warrants. For the three April 3, 2022 April 4, 2021 2009 not May 29, 2018, not three April 3, 2022 April 4, 2021 |
Note 4 - Balance Sheet Componen
Note 4 - Balance Sheet Components | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Supplemental Balance Sheet Disclosures [Text Block] | Note 4 The following table provides details relating to certain balance sheet line items as of April 3, 2022 January 2, 2022 April 3, January 2, 2022 2022 Inventories: Work-in-process $ 1,698 $ 1,397 Finished goods 594 681 $ 2,292 $ 2,078 Other current assets: Prepaid taxes, royalties and other prepaid expenses $ 916 $ 921 Other 203 260 $ 1,119 $ 1,181 Property and equipment, net: Equipment $ 10,383 $ 10,341 Software 1,878 1,878 Furniture and fixtures 32 32 Leasehold improvements 466 466 12,759 12,717 Less: Accumulated depreciation and amortization (12,260 ) (12,218 ) $ 499 $ 499 Capitalized internal-use software, net: Capitalized internal-use software $ 1,837 $ 1,699 Less: Accumulated amortization (546 ) (458 ) $ 1,291 $ 1,241 Accrued liabilities: Employee related accruals $ 1,069 $ 953 Other 894 712 $ 1,963 $ 1,665 |
Note 5 - Debt Obligations
Note 5 - Debt Obligations | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | Note 5 Revolving Line of Credit As of April 3, 2022 January 2, 2022 first three April 3, 2022 April 4, 2021 On April 4, 2022, December 21, 2018 three 3 not nine not |
Note 6 - Leases
Note 6 - Leases | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Lessee, Operating and Finance Leases [Text Block] | Note 6 The Company entered into operating leases for office space for its headquarters. The Company has elected the practical expedient to apply to recognition requirements to short-term leases for its domestic and foreign subsidiaries and for its sales offices and recognized rent payments on short-term leases on a straight-line basis over the lease term. Finance leases are primarily for engineering design software. Operating leases generally have lease terms of one five two three April 3, 2022 January 2, 2022 Total rent expense was $0.1 million for the three April 3, 2022 April 4, 2021 The following table provides the expenses related to operating and finance leases (in thousands): Three Months Ended April 3, 2022 April 4, 2021 Operating lease costs: Fixed $ 100 $ 103 Short term 6 4 Total $ 106 $ 107 Finance lease costs: Amortization of ROU asset $ 109 $ 98 Interest 7 7 Total $ 116 $ 105 The following table provides the details of supplemental cash flow information. Right-of-use assets obtained in exchange for new finance and operating lease liabilities represent the new operating and finance leases entered into during the three April 3, 2022 April 4, 2021 Three Months Ended April 3, 2022 April 4, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 100 $ 102 Operating cash flows used for finance leases 7 8 Financing cash flows used for financing leases 98 43 Total $ 205 $ 153 The following table provides the details of right-of-use assets and lease liabilities as of April 3, 2022 January 2, 2022 April 3, 2022 January 2, 2022 Right-of-use assets: Operating leases $ 725 $ 809 Finance leases 611 720 Total right-of-use assets $ 1,336 $ 1,529 Lease liabilities: Operating leases $ 786 $ 873 Finance leases 591 690 Total lease liabilities $ 1,377 $ 1,563 The following table provided the details of future lease payments for operating and finance leases as of April 3, 2022 Operating Leases Finance Leases 2022 (remaining period) $ 309 $ 370 2023 422 141 2024 106 105 Total lease payments 837 616 Less: Interest (51 ) (25 ) Present value of lease liabilities $ 786 $ 591 The following table provides the details of lease terms and discount rates as of April 3, 2022 January 2, 2022 April 3, 2022 January 2, 2022 Right-of-use assets: Weighted-average remaining lease term (years) Operating leases 2.00 2.25 Finance leases 1.98 2.15 Weighted-average discount rates: Operating leases 6.00 % 6.00 % Finance leases 4.51 % 4.57 % |
Note 7 - Stock-based Compensati
Note 7 - Stock-based Compensation | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | Note 7 Stock-based compensation expense included in the Company's consolidated financial statements for the three April 3, 2022 April 4, 2021 Three Months Ended April 3, 2022 April 4, 2021 Cost of revenue $ 56 $ 36 Research and development 85 157 Selling, general and administrative 242 175 Total $ 383 $ 368 During the three April 3, 2022, no three April 4, 2021 No stock-based compensation was capitalized during any period presented above. Stock-Based Compensation Award Activity The following table summarizes the activity in the shares available for grant under the 2019 three April 3, 2022 Shares Available for Grants Balance at January 2, 2022 594 RSUs granted (61 ) RSUs forfeited or expired 10 Balance at April 3, 2022 543 Stock Options The following table summarizes stock options outstanding and stock option activity under the 2009 2019 three April 3, 2022 Weighted Weighted Average Average Aggregate Number of Exercise Remaining Intrinsic Shares Price Term Value (in thousands) (in years) (in thousands) Balance outstanding at January 2, 2022 93 $ 27.49 3.19 $ — Balance outstanding at April 3, 2022 93 $ 27.49 2.93 $ — Exercisable at April 3, 2022 93 $ 27.49 2.93 $ — Vested and expected to vest at April 3, 2022 93 $ 27.49 2.93 $ — No stock options were granted, exercised, forfeited or expired during the three April 3, 2022 April 4, 2021 Total stock-based compensation related to stock options was approximately $0 for the three April 3, 2022 April 4, 2021 April 3, 2022 Restricted Stock Units The Company grants restricted stock units (“RSUs”) and performance restricted stock units ("PRSUs") to employees and directors with various vesting terms. RSUs entitle the holder to receive, at no one three April 3, 2022 April 4, 2021 As of April 3, 2022 April 4, 2021 April 3, 2022 A summary of activity for the Company's RSUs and PRSUs for the three April 3, 2022 RSUs & PRSUs Outstanding Weighted Average Number of Grant Date Shares Fair Value (in thousands) Nonvested at January 2, 2022 568 $ 5.86 Granted 61 5.30 Vested (189 ) 6.04 Forfeited (10 ) 5.85 Nonvested at April 3, 2022 430 $ 5.71 Employee Stock Purchase Plan Total stock-based compensation related to the Company's ESPP was approximately $23 thousand and $30 thousand for the three April 3, 2022 April 4, 2021 |
Note 8 - Income Taxes
Note 8 - Income Taxes | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | Note 8 The Company recorded a net income tax benefit of $1 thousand and an income tax expense of $0.2 million for the three April 3, 2022 April 4, 2021 The income tax benefit for the first 2022 The valuation allowance primarily resulted from not not not April 3, 2022 The Company had no unrecognized tax benefits as of April 3, 2022 January 2, 2022 not 12 Accrued interest and penalties related to unrecognized tax benefits are recognized as part of the income tax provision in the condensed consolidated statements of operations. The Company is subject to U.S. federal income tax as well as income taxes in many U.S. states and foreign jurisdictions in which the Company operates. The U.S. tax years from 1999 forward remain effectively open to examination |
Note 9 - Information Concerning
Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | Note 9 The Company identifies its business segment based on business activities, management responsibility and geographic location. For all periods presented, the Company operated in a single reportable business segment. The following is a breakdown of revenue by product family (in thousands): Three Months Ended April 3, 2022 April 4, 2021 New products $ 3,450 $ 1,075 Mature products 646 1,165 Total revenue $ 4,096 $ 2,240 New products include all products manufactured on 180 professional engineering services revenue related to eFPGA IP three April 3, 2022 April 4, 2021 April 3, 2022 January 2, 2022 April 3, 2022 January 2, 2022 180 The following is a breakdown of revenue by shipment destination (in thousands): Three Months Ended April 3, 2022 April 4, 2021 Asia Pacific (1) $ 1,491 $ 753 North America (2) 2,433 1,259 Europe 172 228 Total revenue $ 4,096 $ 2,240 ( 1 Asia Pacific includes revenue from Japan of $1.4 million , or 33% of tota three April 3, 2022 April 4, 2021 ( 2 North America includes revenue from the United States of $2.4 million or 59% of total revenue, and $1.2 million, or 56% of total revenue for the three April 3, 2022 April 4, 2021 The following distributors and customers accounted for 10% Three Months Ended April 3, April 4, 2022 2021 Distributor "A" 11 % 12 % Distributor "C" 10 % 23 % Distributor "E" 30 % 29 % Customer "F" * 29 % Customer "N" 17 % 13 % Customer "O" 27 % 13 % Customer "P" 23 % * * Represents less than 10% The following distributors and customers accounted for 10% April 3, 2022 January 2, 2022 Distributor "A" 24 % 42 % Distributor "C" 21 % 17 % Distributor "E" 25 % 22 % Distributor "J" 27 % * Customer "O" * 10 % * Represents less than 10% |
Note 10 - Commitments and Conti
Note 10 - Commitments and Contingencies | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Commitments Disclosure [Text Block] | Note 10 Commitments The Company's manufacturing suppliers require the forecast of wafer starts several months in advance. The Company is required to take delivery of and pay for a portion of this forecasted wafer volume. As of April 3, 2022 January 2, 2022 The Company has purchase obligations with certain suppliers for the purchase of other goods and services entered into in the ordinary course of business. As of April 3, 2022 twelve Litigation From time to time, the Company may not third not may April 3, 2022 not |
Note 11 - Subsequent Events
Note 11 - Subsequent Events | 3 Months Ended |
Apr. 03, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | Note 11 On April 4, 2022, December 21, 2018 5, On May 10, 2022 ( 2019 900,000 2019 1 900,000, 2 3 2019 2009 zero |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Apr. 03, 2022 | |
Accounting Policies [Abstract] | |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Standards Adopted In May 2021, No. 2021 04, Issuer s Accounting for Certain Modifications of Exchanges of Freestanding Equity-Classified Written Call Options January 3, 2022 not |
Note 4 - Balance Sheet Compon_2
Note 4 - Balance Sheet Components (Tables) | 3 Months Ended |
Apr. 03, 2022 | |
Notes Tables | |
Condensed Balance Sheet [Table Text Block] | April 3, January 2, 2022 2022 Inventories: Work-in-process $ 1,698 $ 1,397 Finished goods 594 681 $ 2,292 $ 2,078 Other current assets: Prepaid taxes, royalties and other prepaid expenses $ 916 $ 921 Other 203 260 $ 1,119 $ 1,181 Property and equipment, net: Equipment $ 10,383 $ 10,341 Software 1,878 1,878 Furniture and fixtures 32 32 Leasehold improvements 466 466 12,759 12,717 Less: Accumulated depreciation and amortization (12,260 ) (12,218 ) $ 499 $ 499 Capitalized internal-use software, net: Capitalized internal-use software $ 1,837 $ 1,699 Less: Accumulated amortization (546 ) (458 ) $ 1,291 $ 1,241 Accrued liabilities: Employee related accruals $ 1,069 $ 953 Other 894 712 $ 1,963 $ 1,665 |
Note 6 - Leases (Tables)
Note 6 - Leases (Tables) | 3 Months Ended |
Apr. 03, 2022 | |
Notes Tables | |
Lease, Cost [Table Text Block] | Three Months Ended April 3, 2022 April 4, 2021 Operating lease costs: Fixed $ 100 $ 103 Short term 6 4 Total $ 106 $ 107 Finance lease costs: Amortization of ROU asset $ 109 $ 98 Interest 7 7 Total $ 116 $ 105 |
Lessee, Leases, Supplemental Cash Flow Information [Table Text Block] | Three Months Ended April 3, 2022 April 4, 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows used for operating leases $ 100 $ 102 Operating cash flows used for finance leases 7 8 Financing cash flows used for financing leases 98 43 Total $ 205 $ 153 |
Schedule of Right of Use Assets and Lease Liabilities [Table Text Block] | April 3, 2022 January 2, 2022 Right-of-use assets: Operating leases $ 725 $ 809 Finance leases 611 720 Total right-of-use assets $ 1,336 $ 1,529 Lease liabilities: Operating leases $ 786 $ 873 Finance leases 591 690 Total lease liabilities $ 1,377 $ 1,563 |
Schedule of Future Lease Payments for Leases [Table Text Block] | Operating Leases Finance Leases 2022 (remaining period) $ 309 $ 370 2023 422 141 2024 106 105 Total lease payments 837 616 Less: Interest (51 ) (25 ) Present value of lease liabilities $ 786 $ 591 |
Schedule of Lease Terms and Weighted Average Discount Rate [Table Text Block] | April 3, 2022 January 2, 2022 Right-of-use assets: Weighted-average remaining lease term (years) Operating leases 2.00 2.25 Finance leases 1.98 2.15 Weighted-average discount rates: Operating leases 6.00 % 6.00 % Finance leases 4.51 % 4.57 % |
Note 7 - Stock-based Compensa_2
Note 7 - Stock-based Compensation (Tables) | 3 Months Ended |
Apr. 03, 2022 | |
Notes Tables | |
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three Months Ended April 3, 2022 April 4, 2021 Cost of revenue $ 56 $ 36 Research and development 85 157 Selling, general and administrative 242 175 Total $ 383 $ 368 |
Share-Based Payment Arrangement, Activity [Table Text Block] | Shares Available for Grants Balance at January 2, 2022 594 RSUs granted (61 ) RSUs forfeited or expired 10 Balance at April 3, 2022 543 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Weighted Average Average Aggregate Number of Exercise Remaining Intrinsic Shares Price Term Value (in thousands) (in years) (in thousands) Balance outstanding at January 2, 2022 93 $ 27.49 3.19 $ — Balance outstanding at April 3, 2022 93 $ 27.49 2.93 $ — Exercisable at April 3, 2022 93 $ 27.49 2.93 $ — Vested and expected to vest at April 3, 2022 93 $ 27.49 2.93 $ — |
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | RSUs & PRSUs Outstanding Weighted Average Number of Grant Date Shares Fair Value (in thousands) Nonvested at January 2, 2022 568 $ 5.86 Granted 61 5.30 Vested (189 ) 6.04 Forfeited (10 ) 5.85 Nonvested at April 3, 2022 430 $ 5.71 |
Note 9 - Information Concerni_2
Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration (Tables) | 3 Months Ended |
Apr. 03, 2022 | |
Notes Tables | |
Revenue from External Customers by Products and Services [Table Text Block] | Three Months Ended April 3, 2022 April 4, 2021 New products $ 3,450 $ 1,075 Mature products 646 1,165 Total revenue $ 4,096 $ 2,240 |
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block] | Three Months Ended April 3, 2022 April 4, 2021 Asia Pacific (1) $ 1,491 $ 753 North America (2) 2,433 1,259 Europe 172 228 Total revenue $ 4,096 $ 2,240 |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | Three Months Ended April 3, April 4, 2022 2021 Distributor "A" 11 % 12 % Distributor "C" 10 % 23 % Distributor "E" 30 % 29 % Customer "F" * 29 % Customer "N" 17 % 13 % Customer "O" 27 % 13 % Customer "P" 23 % * April 3, 2022 January 2, 2022 Distributor "A" 24 % 42 % Distributor "C" 21 % 17 % Distributor "E" 25 % 22 % Distributor "J" 27 % * Customer "O" * 10 % |
Note 1 - The Company and Basi_2
Note 1 - The Company and Basis of Presentation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | Feb. 09, 2022 | Apr. 03, 2022 | Apr. 04, 2021 | Jan. 02, 2022 | Jan. 02, 2021 |
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance | $ 20,140 | $ 19,605 | |||
Line of Credit, Current | 15,000 | $ 15,000 | |||
Proceeds from Issuance of Common Stock | $ 1,482 | $ 0 | |||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 | |||
Registered Direct Offering [Member] | |||||
Proceeds from Issuance of Common Stock | $ 1,500 | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 310,000 | ||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | ||||
Shares Issued, Price Per Share (in dollars per share) | $ 4.78 | ||||
Heritage Bank of Commerce [Member] | Revolving Credit Facility [Member] | |||||
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance | $ 20,100 | ||||
Line of Credit, Current | 15,000 | $ 15,000 | |||
Line of Credit Facility, Maximum Borrowing Capacity | $ 15,000 | ||||
Debt Instrument, Interest Rate, Effective Percentage | 4.00% | 3.75% |
Note 3 - Net Loss Per Share (De
Note 3 - Net Loss Per Share (Details Textual) - shares shares in Thousands | 3 Months Ended | ||
Apr. 03, 2022 | Apr. 04, 2021 | May 29, 2018 | |
Common Stock [Member] | Maximum [Member] | |||
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | 386 | ||
Share-Based Payment Arrangement [Member] | |||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 578 | 304 |
Note 4 - Balance Sheet Compon_3
Note 4 - Balance Sheet Components - Balance Sheet Components (Details) - USD ($) $ in Thousands | Apr. 03, 2022 | Jan. 02, 2022 |
Inventories: | ||
Work-in-process | $ 1,698 | $ 1,397 |
Finished goods | 594 | 681 |
Inventory, Net, Total | 2,292 | 2,078 |
Other current assets: | ||
Prepaid taxes, royalties and other prepaid expenses | 916 | 921 |
Other | 203 | 260 |
Prepaid Expense and Other Assets, Current | 1,119 | 1,181 |
Property and equipment, net: | ||
Property and equipment, gross | 12,759 | 12,717 |
Less: Accumulated depreciation and amortization | (12,260) | (12,218) |
Property, Plant and Equipment, Net, Total | 499 | 499 |
Capitalized internal-use software, net: | ||
Capitalized internal-use software | 1,837 | 1,699 |
Less: Accumulated amortization | (546) | (458) |
Capitalized Computer Software, Net, Ending Balance | 1,291 | 1,241 |
Accrued liabilities: | ||
Employee related accruals | 1,069 | 953 |
Other | 894 | 712 |
Accrued Liabilities, Current, Total | 1,963 | 1,665 |
Equipment [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | 10,383 | 10,341 |
Software [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | 1,878 | 1,878 |
Furniture and Fixtures [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | 32 | 32 |
Leasehold Improvements [Member] | ||
Property and equipment, net: | ||
Property and equipment, gross | $ 466 | $ 466 |
Note 5 - Debt Obligations (Deta
Note 5 - Debt Obligations (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | |||
Apr. 03, 2022 | Apr. 04, 2021 | Jan. 02, 2022 | Jan. 02, 2021 | |
Line of Credit, Current | $ 15,000 | $ 15,000 | ||
Heritage Bank of Commerce [Member] | Revolving Credit Facility [Member] | ||||
Line of Credit, Current | $ 15,000 | $ 15,000 | ||
Debt Instrument, Interest Rate, Effective Percentage | 4.00% | 3.75% | ||
Interest Expense, Debt, Total | $ 24 | $ 32 |
Note 6 - Leases (Details Textua
Note 6 - Leases (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 03, 2022 | Apr. 04, 2021 | Jan. 02, 2022 | |
Operating and Finance Lease, Right of Use Asset | $ 1,336 | $ 1,529 | |
Operating and Finance Lease Liability | 1,377 | 1,563 | |
Operating Lease, Expense | 100 | $ 100 | |
Right of Use Asset Obtained in Exchange for Finance and Operating Lease Liability | 0 | $ 0 | |
Approximate [Member] | |||
Operating and Finance Lease, Right of Use Asset | 1,300 | 1,500 | |
Operating and Finance Lease Liability | $ 1,400 | $ 1,600 | |
Minimum [Member] | |||
Lessee, Operating Lease, Term of Contract (Year) | 1 year | ||
Lessee, Finance Lease, Term of Contract (Year) | 2 years | ||
Maximum [Member] | |||
Lessee, Operating Lease, Term of Contract (Year) | 5 years | ||
Lessee, Finance Lease, Term of Contract (Year) | 3 years |
Note 6 - Leases - Summary of Op
Note 6 - Leases - Summary of Operating and Finance Leases (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2022 | Apr. 03, 2021 | |
Fixed | $ 100 | $ 103 |
Short term | 6 | 4 |
Total | 106 | 107 |
Amortization of ROU asset | 109 | 98 |
Interest | 7 | 7 |
Total | $ 116 | $ 105 |
Note 6 - Leases - Summary of Su
Note 6 - Leases - Summary of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2022 | Apr. 04, 2021 | |
Operating cash flows used for operating leases | $ 100 | $ 102 |
Operating cash flows used for finance leases | 7 | 8 |
Financing cash flows used for financing leases | 98 | 43 |
Total | $ 205 | $ 153 |
Note 6 - Leases - Details of Ri
Note 6 - Leases - Details of Right-of-Use Assets and Lease Liabilities (Details) - USD ($) $ in Thousands | Apr. 03, 2022 | Jan. 02, 2022 |
Total right-of-use assets | $ 1,336 | $ 1,529 |
Total lease liabilities | 1,377 | 1,563 |
Right of Use Assets, Net [Member] | ||
Operating leases | 725 | 809 |
Finance leases | 611 | 720 |
Current and Lease Liabilities - Non-current [Member] | ||
Operating leases | 786 | 873 |
Finance leases | $ 591 | $ 690 |
Note 6 - Leases - Schedule of F
Note 6 - Leases - Schedule of Future Lease Payments for Leases (Details) - USD ($) $ in Thousands | Apr. 03, 2022 | Jan. 02, 2022 |
2022 (remaining period), operating | $ 309 | |
2022 (remaining period), finance | 370 | |
2023, operating | 422 | |
2023, finance | 141 | |
2024, operating | 106 | |
2024, finance | 105 | |
Total lease payments, operating | 837 | |
Total lease payments, finance | 616 | |
Less: Interest, operating | (51) | |
Less: Interest, finance | (25) | |
Current and Lease Liabilities - Non-current [Member] | ||
Present value of lease liabilities, operating | 786 | $ 873 |
Present value of lease liabilities, finance | $ 591 | $ 690 |
Note 6 - Leases - Schedule of L
Note 6 - Leases - Schedule of Lease Terms and Weighted Average Discount Rate (Details) | Apr. 03, 2022 | Jan. 02, 2022 |
Operating leases (Year) | 2 years | 2 years 3 months |
Finance leases (Year) | 1 year 11 months 23 days | 2 years 1 month 24 days |
Operating leases | 6.00% | 6.00% |
Finance leases | 4.51% | 4.57% |
Note 7 - Stock-based Compensa_3
Note 7 - Stock-based Compensation (Details Textual) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | |
Apr. 03, 2022 | Apr. 04, 2021 | |
Share-Based Payment Arrangement, Amount Capitalized | $ 0 | $ 0 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Gross (in shares) | 0 | 0 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Total (in shares) | 0 | 0 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period (in shares) | 0 | 0 |
Share-Based Payment Arrangement, Expense | $ 383 | $ 368 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Nonvested, Net of Forfeitures, Fair Value | 0 | |
Employee Stock Purchase Plan [Member] | ||
Employee Stock Ownership Plan (ESOP), Compensation Expense | 23 | 30 |
Share-Based Payment Arrangement, Option [Member] | ||
Share-Based Payment Arrangement, Expense | 0 | 0 |
RSUs and PRSUs [Member] | ||
Share-Based Payment Arrangement, Expense | 400 | 300 |
Restricted Stock Units (RSUs) [Member] | ||
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1,300 | $ 400 |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 7 months 28 days |
Note 7 - Stock-based Compensa_4
Note 7 - Stock-based Compensation - Schedule of Allocation of Recognized Period Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2022 | Apr. 04, 2021 | |
Total costs and expenses | $ 383 | $ 368 |
Cost of Sales [Member] | ||
Total costs and expenses | 56 | 36 |
Research and Development Expense [Member] | ||
Total costs and expenses | 85 | 157 |
Selling, General and Administrative Expenses [Member] | ||
Total costs and expenses | $ 242 | $ 175 |
Note 7 - Stock-based Compensa_5
Note 7 - Stock-based Compensation - Schedule of Stock Based Compensation Award Activity (Details) shares in Thousands | 3 Months Ended |
Apr. 03, 2022shares | |
Balance (in shares) | 93 |
Balance (in shares) | 93 |
Stock Plan 2019 [Member] | |
Balance (in shares) | 594 |
RSUs granted (in shares) | (61) |
RSUs forfeited or expired (in shares) | 10 |
Balance (in shares) | 543 |
Note 7 - Stock-Based Compensa_6
Note 7 - Stock-Based Compensation - Stock Options Activity (Details) - USD ($) $ / shares in Units, shares in Thousands | 3 Months Ended | 12 Months Ended |
Apr. 03, 2022 | Jan. 02, 2022 | |
Balance (in shares) | 93 | |
Weighted average price balance (in dollars per share) | $ 27.49 | |
Weighted average remaining, balance (Year) | 2 years 11 months 4 days | 3 years 2 months 8 days |
Balance (in shares) | 93 | 93 |
Weighted average price balance (in dollars per share) | $ 27.49 | $ 27.49 |
Exercisable, options (in shares) | 93 | |
Weighted average price balance, Exercisable (in dollars per share) | $ 27.49 | |
Weighted average remaining, Exercisable (Year) | 2 years 11 months 4 days | |
Exercisable at April 3, 2022 | $ 0 | |
Vested and expected to vest, options (in shares) | 93 | |
Weighted average price balance, Vested and expected to vest (in dollars per share) | $ 27.49 | |
Weighted average remaining, Vested and expected to vest (Year) | 2 years 11 months 4 days | |
Vested and expected to vest at April 3, 2022 | $ 0 |
Note 7 - Stock-Based Compensa_7
Note 7 - Stock-Based Compensation - Summary of Restricted Stock Units Activity (Details) - Restricted Stock Units (RSUs) [Member] | 3 Months Ended |
Apr. 03, 2022$ / sharesshares | |
Balance (in shares) | shares | 568 |
Balance (in dollars per share) | $ / shares | $ 5.86 |
Granted (in shares) | shares | 61 |
Granted (in dollars per share) | $ / shares | $ 5.30 |
Vested (in shares) | shares | (189) |
Vested (in dollars per share) | $ / shares | $ 6.04 |
Forfeited (in shares) | shares | (10) |
Forfeited (in dollars per share) | $ / shares | $ 5.85 |
Balance (in shares) | shares | 430 |
Balance (in dollars per share) | $ / shares | $ 5.71 |
Note 8 - Income Taxes (Details
Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands | Apr. 03, 2022 | Apr. 03, 2022 | Apr. 04, 2021 | Feb. 02, 2022 |
Income Tax Expense (Benefit), Total | $ (1) | $ 152 | ||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent | (4.30%) | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | |||
Unrecognized Tax Benefits that Would Impact Effective Tax Rate | $ 0 | $ 0 | $ 0 | |
Open Tax Year | 1999 2020 2021 | |||
Approximate [Member] | ||||
Income Tax Expense (Benefit), Total | $ (1) | $ 200 |
Note 9 - Information Concerni_3
Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 03, 2022 | Apr. 04, 2021 | Jan. 02, 2022 | |
Revenue from Contract with Customer, Excluding Assessed Tax | $ 4,096 | $ 2,240 | |
Contract with Customer, Liability, Current | 67 | $ 455 | |
JAPAN | |||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 1,400 | $ 700 | |
JAPAN | Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | |||
Concentration Risk, Percentage | 33.00% | 32.00% | |
UNITED STATES | |||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 2,400 | $ 1,200 | |
UNITED STATES | Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | |||
Concentration Risk, Percentage | 59.00% | 56.00% | |
Engineering Services [Member] | |||
Revenue from Contract with Customer, Excluding Assessed Tax | $ 1,600 | $ 0 | |
SaaS Revenue [Member] | |||
Revenue from Contract with Customer, Excluding Assessed Tax | 34 | $ 100 | |
Professional Services [Member] | |||
Contract with Customer, Asset, after Allowance for Credit Loss, Current, Total | 100 | 300 | |
Contract with Customer, Liability, Current | $ 0 | $ 300 |
Note 9 - Information Concerni_4
Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration - Schedule of Revenue by Product Line (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Apr. 03, 2022 | Apr. 04, 2021 | |
Total revenue | $ 4,096 | $ 2,240 |
New Products [Member] | ||
Total revenue | 3,450 | 1,075 |
Mature Products [Member] | ||
Total revenue | $ 646 | $ 1,165 |
Note 9 - Information Concerni_5
Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration - Schedule of Revenue by Shipment Destination (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Apr. 03, 2022 | Apr. 04, 2021 | ||
Total revenue | $ 4,096 | $ 2,240 | |
Asia Pacific [Member] | |||
Total revenue | [1] | 1,491 | 753 |
North America [Member] | |||
Total revenue | [2] | 2,433 | 1,259 |
Europe [Member] | |||
Total revenue | $ 172 | $ 228 | |
[1] | Asia Pacific includes revenue from China $1.1 million or 11% and Japan of $1.8 million or 17% of total revenue in 2019 and $1.8 million or 15% and $1.6 million or 12% of total revenue in 2018, respectively. In 2017, revenue from China and Japan were $1.3 million or 11% and $1.5 million or 12%, respectively. | ||
[2] | North America includes revenue from the United States of $4.7 million or 46% of total revenue in 2019, $6.4 million or 50% of total revenue in 2018 and $4.2 million or 34% of total revenue in 2017. |
Note 9 - Information Concerni_6
Note 9 - Information Concerning Product Lines, Geographic Information and Revenue Concentration - Customer and Distributor Concentration (Details) - Customer Concentration Risk [Member] | Apr. 03, 2022 | Jan. 02, 2022 | Apr. 03, 2022 | Apr. 04, 2021 |
Distributor "A" [Member] | Accounts Receivable [Member] | ||||
Concentration risk percentage | 24.00% | 42.00% | ||
Distributor "A" [Member] | Revenue Benchmark [Member] | ||||
Concentration risk percentage | 11.00% | 12.00% | ||
Distributor "C" [Member] | Accounts Receivable [Member] | ||||
Concentration risk percentage | 21.00% | 17.00% | ||
Distributor "C" [Member] | Revenue Benchmark [Member] | ||||
Concentration risk percentage | 10.00% | 23.00% | ||
Distributor "E" [Member] | Accounts Receivable [Member] | ||||
Concentration risk percentage | 25.00% | 22.00% | ||
Distributor "E" [Member] | Revenue Benchmark [Member] | ||||
Concentration risk percentage | 30.00% | 29.00% | ||
Distributor "J" [Member] | Accounts Receivable [Member] | ||||
Concentration risk percentage | 27.00% | |||
Customer "O" [Member] | Accounts Receivable [Member] | ||||
Concentration risk percentage | 10.00% | |||
Customer "O" [Member] | Revenue Benchmark [Member] | ||||
Concentration risk percentage | 27.00% | 13.00% | ||
Distributor "F" [Member] | Revenue Benchmark [Member] | ||||
Concentration risk percentage | 29.00% | |||
Customer "N" [Member] | Revenue Benchmark [Member] | ||||
Concentration risk percentage | 17.00% | 13.00% | ||
Customer P [Member] | Revenue Benchmark [Member] | ||||
Concentration risk percentage | 23.00% |
Note 10 - Commitments and Con_2
Note 10 - Commitments and Contingencies (Details Textual) - USD ($) | Apr. 03, 2022 | Jan. 02, 2022 |
Wafer Purchase Commitment [Member] | ||
Purchase Commitment, Remaining Minimum Amount Committed | $ 0.8 | $ 0.9 |
Goods and Services [Member] | ||
Purchase Obligation, Total | $ 0.9 |
Note 11 - Subsequent Events (De
Note 11 - Subsequent Events (Details Textual) - Subsequent Event [Member] - Stock Plan 2019 [Member] - shares | May 10, 2022 | May 09, 2022 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Additional Shares Authorized (in shares) | 900,000 | |
Common Stock, Capital Shares Reserved for Future Issuance (in shares) | 1,422,027 | 522,027 |