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FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 25, 2022

Fair Value Disclosures [Abstract]

SCHEDULE OF FAIR VALUE MEASUREMENTS OF FINANCIAL ASSETS

The following table details the fair value measurements of the Company’s financial assets:

 SCHEDULE OF FAIR VALUE MEASUREMENTS OF FINANCIAL ASSETS

						Fair Value Measurement at June 25, 2022 Using:
		Total				Level 1				Level 2				Level 3
Cash and cash equivalents		$	13,630,219			$	13,630,219			$	-			$	—
U.S. government securities			2,431,005				—				2,431,005				—
Corporate debt			1,499,360				—				1,499,360				—
Certificates of deposit			997,428				997,428				—				—
Equity investments			9,831,592				196,516				—				9,635,076
Financial instruments, owned, at fair value		$	28,389,604			$	14,824,163			$	3,930,365			$	9,635,076

						Fair Value Measurement at December 25, 2021 Using:
		Total				Level 1				Level 2				Level 3
Cash and cash equivalents		$	26,787,931			$	26,787,931			$	—			$	—
U.S. government securities			1,000,650				—				1,000,650				—
Corporate debt			1,506,885				—				1,506,885				—
Equity investments			4,912,022				296,173				—				4,615,849
Financial instruments, owned, at fair value		$	34,207,488			$	27,084,104			$	2,507,535			$	4,615,849

SCHEDULE OF FAIR VALUE, LIABILITIES MEASURED ON RECURRING BASIS

Transfers between levels of the fair value hierarchy are reported at the beginning of the reporting period in which they occur. Changes in Level 3 investments were as follows:

SCHEDULE OF FAIR VALUE, LIABILITIES MEASURED ON RECURRING BASIS

		December 25, 2021				Net unrealized gains				Purchases, issuances and settlements				Transfers in and or out of Level 3				June 25, 2022
Equity investments		$	4,615,849			$	4,519,229			$	499,998			$	—			$	9,635,076

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- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19279-110258

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-Topic 820
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-Paragraph 2C
-URI https://asc.fasb.org/extlink&oid=126976982&loc=SL7498348-110258

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-Subparagraph (a)
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611

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-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258

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