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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Sep. 28, 2024
Dec. 30, 2023
Current Assets:    
Cash and cash equivalents $ 37,197,000 $ 13,361,500
Restricted cash 90,000 25,000
Receivables, less allowance for credit losses of $500 and $600 1,602,200 1,475,300
Net investment in leases - current   75,100
Income tax receivable   31,400
Inventories 441,800 386,100
Prepaid expenses 1,171,600 1,392,100
Total current assets 40,502,600 16,746,500
Property and equipment:    
Property and equipment, net 1,519,000 1,669,800
Operating lease right of use asset 2,197,600 2,425,900
Intangible assets, net 2,728,800 2,994,300
Goodwill 607,500 607,500
Other assets 478,400 471,300
Deferred income taxes 3,917,300 4,052,400
Total assets 51,951,200 28,967,700
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $27,900 and $32,100 3,472,100 4,217,900
Accounts payable 1,600,700 1,719,400
Income tax payable 30,400  
Accrued liabilities 3,776,100 2,858,200
Deferred revenue 1,670,100 1,666,100
Total current liabilities 10,549,400 10,461,600
Long-term Liabilities:    
Line of credit/Term loan 30,000,000 30,000,000
Notes payable, net of unamortized debt issuance costs of $68,800 and $88,700 32,431,200 34,848,800
Deferred revenue 8,028,600 7,657,500
Operating lease liabilities 3,260,100 3,715,800
Other liabilities 1,425,800 1,440,100
Total long-term liabilities 75,145,700 77,662,200
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,520,402 and 3,496,977 shares issued and outstanding 11,941,900 7,768,800
Retained earnings (accumulated deficit) (45,685,800) (66,924,900)
Total shareholders' equity (deficit) (33,743,900) (59,156,100)
Total liabilities and shareholders' equity (deficit) $ 51,951,200 $ 28,967,700