Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Apr. 30, 2022
Jan. 29, 2022
May 01, 2021
CURRENT ASSETS      
Cash and cash equivalents $ 828 $ 1,218 $ 5,030
Restricted cash 1,158 1,158 1,184
Accounts receivable 2,727 2,335 3,113
Merchandise inventory 32,254 29,277 22,567
Prepaid expenses and other current assets 558 649 592
Total current assets 37,525 34,637 32,486
Restricted cash 2,160 2,447 3,277
Fixed assets, net 2,441 2,335 2,366
Operating lease right-of-use assets 1,990 2,144 2,595
Intangible assets, net 0 0 475
Cash surrender value 3,800 4,154 4,168
Other assets 872 965 1,230
TOTAL ASSETS 48,788 46,682 46,597
CURRENT LIABILITIES      
Accounts payable 7,664 6,271 5,682
Short-term borrowings 10,508 9,966 0
Accrued expenses and other current liabilities 2,208 2,362 2,640
Current portion of operating lease liabilities 663 649 609
Current portion of PPP loan 0 0 2,018
Total current liabilities 21,043 19,248 10,949
Operating lease liabilities 1,439 1,608 2,101
Long-term debt 7,944 4,356 5,261
Other long-term liabilities 13,987 14,185 15,954
TOTAL LIABILITIES 44,413 39,397 34,265
SHAREHOLDERS' EQUITY      
Preferred stock ($0.01 par value; 5,000,000 shares authorized; none issued) 0 0 0
Common stock ($0.01 par value; 200,000,000 shares authorized; 3,902,985, 3,902,985 and 3,889,169 shares issued, respectively) 39 39 39
Additional paid-in capital 360,738 359,220 358,749
Treasury stock at cost (1,410,417, 1,410,417 and 1,410,417 shares, respectively) (230,170) (230,170) (230,170)
Accumulated other comprehensive loss (910) (910) (2,007)
Accumulated deficit (125,322) (120,894) (114,279)
TOTAL SHAREHOLDERS' EQUITY 4,375 7,285 12,332
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 48,788 $ 46,682 $ 46,597