XML 20 R10.htm IDEA: XBRL DOCUMENT
v3.22.2

CASH AND CASH EQUIVALENTS AND MARKETABLE DEBT SECURITIES | 6 Months Ended
--- | ---
Jun. 25, 2022
Cash and Cash Equivalents [Abstract] |
CASH AND CASH EQUIVALENTS AND MARKETABLE DEBT SECURITIES | 3. CASH AND CASH EQUIVALENTS AND MARKETABLE DEBT SECURITIES The Company considers all highly liquid, short-term debt instruments with original maturities of three months or less to be cash equivalents. Marketable debt securities consist primarily of commercial paper, medium-term corporate notes, and U.S. government and agency backed securities. The Company classifies these marketable debt securities as available-for-sale at fair value in “Marketable debt securities, at fair value.” The Company records the amortization of premium and accretion of discounts on marketable debt securities in the results of operations. The Company uses the specific identification method as a basis for determining cost and calculating realized gains and losses with respect to marketable debt securities. The gross gains and losses realized related to sales and maturities of marketable debt securities were not material during the three and six months ended June 25, 2022 and June 26, 2021. Investments in available-for-sale marketable debt securities were as follows at June 25, 2022 and December 25, 2021: SCHEDULE OF AVAILABLE-FOR-SALE MARKETABLE DEBT SECURITIES
|  | Amortized Cost |  |  | Unrealized (Losses) Gains |  |  | Fair Value |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
U.S. government and agency backed securities |  | $ | 2,500,006 |  |  | $ | 1,000,128 |  |  | $ | (69,001 | ) |  | $ | 522 |  |  | $ | 2,431,005 |  |  | $ | 1,000,650 |
Corporate debt and certificates of deposit |  |  | 2,500,024 |  |  |  | 1,500,000 |  |  |  | (3,236 | ) |  |  | 6,885 |  |  |  | 2,496,788 |  |  |  | 1,506,885 |
Total |  | $ | 5,000,030 |  |  | $ | 2,500,128 |  |  | $ | (72,237 | ) |  | $ | 7,407 |  |  | $ | 4,927,793 |  |  | $ | 2,507,535 |
The contractual maturity of the Company’s marketable debt securities was as follows at June 25, 2022: SCHEDULE OF MARKETABLE DEBT SECURITIES
|  | Less than One year |  |  | One to Five years |  |  | Total |
U.S. government and agency backed securities |  | $ | — |  |  | $ | 2,431,005 |  |  | $ | 2,431,005 |
Corporate debt and certificates of deposit |  |  | 2,496,788 |  |  |  | — |  |  |  | 2,496,788 |
Total |  | $ | 2,496,788 |  |  | $ | 2,431,005 |  |  | $ | 4,927,793 |

X
- References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure of cash, cash equivalents, and debt and equity securities, including any unrealized or realized gain (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 + Details
Name: | us-gaap_CashCashEquivalentsAndMarketableSecuritiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration