XML 42 R30.htm IDEA: XBRL DOCUMENT v3.21.1
LEASES (Tables)
 3 Months Ended
Mar. 27, 2021
Leases [Abstract]  
SCHEDULE OF LEASE EXPENSE

The components of lease expense were as follows:

 

   Three months ended   Three months ended 
   March 27, 2021   March 28, 2020 
Operating lease cost  $290,884   $283,000 
SCHEDULE OF FUTURE LEASE PAYMENT UNDER NON-CANCELLABLE LEASE

At March 27, 2021, the Company’s future lease payments under non-cancellable leases were as follows:

 

      
2021 (excluding the three months ended March 27, 2021)  $764,613 
2022   657,674 
2023   201,333 
Total future lease payments   1,623,620 
Less imputed interest   (93,968)
Total  $1,529,652 
SCHEDULE OF OPERATING LEASE PAYMENTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS

The Company’s lease liabilities recognized in the Company’s condensed consolidated balance sheet at March 27, 2021 was as follows:

 

   March 27, 2021 
Operating lease liabilities–current  $886,609 
Operating lease liabilities–noncurrent   643,043 
Total lease liabilities  $1,529,652 
SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases was as follows:

 

   Three months ended 
   March 27, 2021 
Cash paid for amounts included in the measurement of operating lease liabilities  $301,995 

 

Other information related to leases was as follows:

 

   March 27, 2021 
Weighted Average Discount Rate–Operating Leases   6.17%
Weighted Average Remaining Lease Term–Operating Leases (in years)   2.33