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LEASES | 3 Months Ended
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Apr. 01, 2023
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 April 1, 2023 and December 31, 2022, 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 |
|  | April 1, 2023 |  |  | March 26, 2022 |
Operating lease cost |  | $ | 214,563 |  |  | $ | 249,503 |
At April 1, 2023, the Company’s future lease payments under non-cancellable leases were as follows: SCHEDULE OF FUTURE LEASE PAYMENT UNDER NON-CANCELLABLE LEASE
2023 (excluding the three months ended April 1, 2023) |  | $ | 729,950 |
2024 |  |  | 891,292 |
2025 |  |  | 638,256 |
2026 |  |  | 604,000 |
2027 |  |  | 604,000 |
Thereafter |  |  | 201,333 |
Total future lease payments |  |  | 3,668,831 |
Less imputed interest |  |  | (500,016 | )
Total |  | $ | 3,168,815 |
The Company’s lease liabilities recognized in the Company’s condensed consolidated balance sheet at April 1, 2023 were as follows: SCHEDULE OF OPERATING LEASE PAYMENTS RECOGNIZED IN CONSOLIDATED BALANCE SHEETS
|  | April 1, 2023 |
Operating lease liabilities–current |  | $ | 790,567 |
Operating lease liabilities–noncurrent |  |  | 2,378,248 |
Total lease liabilities |  | $ | 3,168,815 |
Supplemental cash flow information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES
|  | Three months ended |
|  | April 1, 2023 |
Cash paid for amounts included in the measurement of operating lease liabilities |  | $ | 248,254 |
Other information related to leases was as follows:
|  | April 1, 2023 |
Weighted Average Discount Rate–Operating Leases |  |  | 5.97 | %
Weighted Average Remaining Lease Term–Operating Leases (in years) |  |  | 4.48 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//842-20/tableOfContent + Details
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