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Note L - Subsequent Event
3 Months Ended
Mar. 30, 2025
Notes to Financial Statements  
Subsequent Events [Text Block]

NOTE L - SUBSEQUENT EVENT

The Company evaluates events that occur through the financial statement filing date and discloses any material or significant events or transactions. 

 

During the Quarter ended March 30, 2025, the Company made deposits totaling $2,701,000 with a vendor in its Housewares/Small Appliances segment.  On April 21, 2025, a representative of the vendor notified the Company that the vendor was a going concern, and that it would be in breach of its contract with the Company.  As prescribed by ASC 855, Subsequent Events, no impairment has been recorded against the deposit as of March 30, 2025.