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Trade and Other Receivables | 12 Months Ended
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Dec. 31, 2022
Receivables [Abstract] |
Trade and Other Receivables | Note 4: Trade and other receivables The Company's trade and other receivables are as follows (in $000's):
|  | December 31, 2022 |  |  | January 1, 2022 |
Trade receivables, net |  | $ | 7,312 |  |  | $ | 6,105 |
Factored accounts receivable |  |  | — |  |  |  | (2,194 | )
Prestige Capital reserve receivable |  |  | — |  |  |  | 172 |
Other receivables |  |  | 610 |  |  |  | 137 |
Trade and other receivables, net |  | $ | 7,922 |  |  | $ | 4,220 |
Trade accounts receivable |  | $ | 5,497 |  |  | $ | 4,449 |
Un-billed trade receivables |  |  | 1,815 |  |  |  | 1,656 |
Total trade receivables, net |  | $ | 7,312 |  |  | $ | 6,105 |
Prestige Capital On March 26, 2018, Appliance Recycling Centers of America, Inc. (“ARCA”) entered into a purchase and sale agreement with Prestige Capital Corporation (“Prestige Capital”), whereby from time to time ARCA can factor certain accounts receivable to Prestige Capital up to a maximum advance and outstanding balance of $7.0 million. Discount fees ultimately paid depend upon how long an invoice and related amount is outstanding from ARCA’s customer. Prestige Capital has been granted a security interest in all ARCA accounts receivable. The term of the purchase and sale agreement is six months from March 26, 2018, and is automatically extended for successive six month periods unless cancelled by either party under the terms of the agreement. On September 26, 2022, in connection with ARCA Recycling's refinancing with Gulf Coast Bank and Trust Company (see Note 16), the Company terminated the agreement.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
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