QUICKLOGIC CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)
(Unaudited)

June 30, 2024

December 31,
2023

ASSETS

Current assets:

Cash, cash equivalents and restricted cash

$

23,266

$

24,606

Accounts receivable, net of allowance for doubtful accounts of $24 and $34, as of June
30, 2024 and December 31, 2023, respectively

928

1,625

Contract assets

2,254

3,609

Inventories

1,751

2,029

Prepaid expenses and other current assets

1,686

1,561

Total current assets

29,885

33,430

Property and equipment, net

12,043

8,948

Capitalized internal-use software, net

2,287

2,069

Right of use assets, net

896

981

Intangible assets, net

484

537

Non-marketable equity investment

300

300

Goodwill

185

185

Note receivable

1,229

1,200

Other assets

142

142

TOTAL ASSETS

$

47,451

$

47,792

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Revolving line of credit

$

20,000

$

20,000

Trade payables

1,449

4,657

Accrued liabilities

1,277

2,673

Deferred revenue

756

1,052

Notes payable, current

890

946

Lease liabilities, current

266

302

Total current liabilities

24,638

29,630

Long-term liabilities:

Lease liabilities, non-current

609

681

Notes payable, non-current

274

461

Other long-term liabilities

125

125

Total liabilities

25,646

30,897

Commitments and contingencies

Stockholders' equity:

Preferred stock, $0.001 par value; 10,000 shares authorized; no shares issued and
outstanding

—

—

Common stock, $0.001 par value; 200,000 authorized; 14,458 and 14,118 shares issued
and outstanding as of June 30, 2024 and December 31, 2023, respectively

14

14

Additional paid-in capital

328,788

322,436

Accumulated deficit

(306,997)

(305,555)

Total stockholders' equity

21,805

16,895

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

47,451

$

47,792