v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jan. 29, 2022
Jan. 30, 2021
OPERATING ACTIVITIES:    
Net loss $ (8,031) $ (3,892)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation of fixed assets 1,364 1,111
Amortization of intangible assets 732 1,028
Amortization of right-of-use asset 598 569
Stock-based compensation 447 323
Warrant proceeds amortization to interest 232 232
Interest on long term debt 722 542
Reversal of ASC 740 liability 0 (3,545)
Forgiveness of PPP Loan (1,963) 0
Change in cash surrender value (298) (503)
Changes in operating assets and liabilities that provide (use) cash:    
Accounts receivable 382 1,423
Merchandise inventory (4,762) (6,679)
Prepaid expenses and other current assets (84) 2,761
Other long-term assets 376 571
Accounts payable (2,622) (5,458)
Accrued expenses and other current liabilities (74) (1,107)
Other long-term liabilities (1,553) (767)
Net cash used in operating activities (14,534) (13,391)
INVESTING ACTIVITIES:    
Purchases of fixed assets (1,431) (1,190)
Proceeds from sale of fye business 0 11,779
Net cash provided by (used in) investing activities (1,431) 10,589
FINANCING ACTIVITIES:    
Proceeds from (payments of) long term borrowings (1,600) 5,063
Proceeds from (payments of) PPP Loan (76) 2,018
Issuance of director deferred shares and RSUs 0 234
Proceeds from short term borrowings 9,966 6,339
Payment of short term borrowings (6,339) (13,149)
Proceeds from stock offering 12,231 0
Exercise of stock options 51 0
Net cash provided by financing activities 14,233 505
Net decrease in cash, cash equivalents, and restricted cash (1,732) (2,297)
Cash, cash equivalents, and restricted cash, beginning of year 6,555 8,852
Cash, cash equivalents, and restricted cash, end of year 4,823 6,555
Supplemental disclosures and non-cash investing and financing activities:    
Interest paid $ 1,535 $ 463

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