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Note 1 - Basis of Presentation | 3 Months Ended
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Apr. 01, 2023
Notes to Financial Statements |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] |
| 1. | Basis of Presentation
The accompanying condensed consolidated interim financial statements of RCM Technologies, Inc. and subsidiaries (“RCM” or the “Company”) are unaudited. The year-end consolidated balance sheet was derived from the Company’s audited statements but does not include all disclosures required by accounting principles generally accepted in the United States. These statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission pertaining to reports on Form 10-Q and should be read in conjunction with the Company’s consolidated financial statements and the notes thereto for the year ended December 31, 2022 included in the Company’s Annual Report Form 10-K for such period. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. The condensed consolidated financial statements for the unaudited interim periods presented include all adjustments (consisting only of normal, recurring adjustments) necessary for a fair presentation of financial position, results of operations and cash flows for such interim periods. Results for the thirteen weeks ended April 1, 2023 are not necessarily indicative of results that may be expected for the full year or any future period. Fiscal Year The Company follows a 52/53 week fiscal reporting calendar ending on the Saturday closest to December 31. Both the current fiscal year ending December 30, 2023 (fiscal 2023) and the prior fiscal year ended December 31, 2022 (fiscal 2022) are 52-week reporting years. The fiscal quarters for fiscal 2022 and fiscal 2022 align as follows:
Fiscal 2023 Quarters | Weeks | Fiscal 2022 Quarters | Weeks
April 1, 2023 | Thirteen | April 2, 2022 | Thirteen
July 1, 2023 | Thirteen | July 2, 2022 | Thirteen
September 30, 2023 | Thirteen | October 1, 2022 | Thirteen
December 30, 2023 | Thirteen | December 31, 2022 | Thirteen

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