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LEASES | 3 Months Ended
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Mar. 28, 2020
Leases [Abstract] |
LEASES | 11. LEASES The Company enters into operating leases primarily for: real estate, including for manufacturing, engineering, research, administration and sales facilities, and information technology (“IT”) equipment. At March 28, 2020 and December 28, 2019, the Company did not have any finance leases. Approximately all of our future lease commitments, and related lease liability, relate to the Company’s real estate leases. Some of the Company’s leases include options to extend or terminate the lease. The components of lease expense were as follows: SCHEDULE OF LEASE EXPENSE
|  | Three months ended |  |  | Three months ended |
|  | March 28, 2020 |  |  | March 30, 2019 |
Operating lease cost |  | $ | 283,000 |  |  | $ | 301,000 |
At March 28, 2020, the Company’s future lease payments under non-cancellable leases were as follows: SCHEDULE OF FUTURE LEASE PAYMENT UNDER NON-CANCELLABLE LEASE
2020 (excluding the three months ended March 28, 2020) |  | $ | 893,000 |
2021 |  |  | 1,050,000 |
2022 |  |  | 654,000 |
2023 |  |  | 201,000 |
Thereafter |  |  | — |
Total future lease payments |  |  | 2,798,000 |
Less imputed interest |  |  | (225,000 | )
Total |  | $ | 2,573,000 |
The Company’s lease liabilities recognized in the Company’s condensed consolidated balance sheet at March 28, 2020 was as follows: SCHEDULE OF OPERATING LEASE PAYMENTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS
|  | March 28, 2020 |
Operating lease liabilities–current |  | $ | 1,059,429 |
Operating lease liabilities–noncurrent |  |  | 1,513,520 |
Total lease liabilities |  | $ | 2,572,949 |
Supplemental cash flow information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES
|  | Three months ended |
|  | March 28, 2020 |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 295,000 |
Other information related to leases was as follows:
|  | March 28, 2020 |
Weighted Average Discount Rate–Operating Leases |  |  | 6.16% |
Weighted Average Remaining Lease Term–Operating Leases (in years) |  |  | 2.61 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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