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INCOME TAXES (Tables) | 12 Months Ended
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Dec. 28, 2024
INCOME TAXES |
Schedule of Deferred Income Tax (Assets) Liabilities |
|  | 2024 |  |  | 2023 |
Property, plant, and equipment |  | $ | 2,587,121 |  |  | $ | 3,897,991 |
Right of Use Asset |  |  | 4,146,568 |  |  |  | 4,192,368 |
Intangible assets |  |  | - |  |  |  | 1,674,225 |
Other |  |  | 295,062 |  |  |  | 369,358 |
Total deferred income tax liabilities |  |  | 7,028,751 |  |  |  | 10,133,942 |
Other postretirement benefits |  |  | (93,832 | ) |  |  | (139,050 | )
Inventories |  |  | (1,926,286 | ) |  |  | (1,587,374 | )
Intangible assets |  |  | (2,342,735 | ) |  |  |  |
Allowance for doubtful accounts |  |  | (136,667 | ) |  |  | (133,988 | )
Accrued compensation |  |  | (422,490 | ) |  |  | (434,631 | )
Lease Obligation |  |  | (4,146,568 | ) |  |  | (4,192,368 | )
Pensions |  |  | (3,362,108 | ) |  |  | (4,819,568 | )
Foreign Tax Credit |  |  | (1,209,583 | ) |  |  | (1,110,534 | )
Total deferred income tax assets |  |  | (13,640,269 | ) |  |  | (12,417,513 | )
Net deferred income tax (assets) liabilities |  | $ | (6,611,518 | ) |  | $ | (2,283,571 | )
Schedule of Income Before Income Taxes |
|  | 2024 |  |  | 2023 |
|  | Continuing Operations |  |  | Discontinued Operations |  |  | Total Income Statement |  |  | Continuing Operations |  |  | Discontinued Operations |  |  | Total Income Statement |
Domestic |  | $ | 13,362,740 |  |  | $ | (26,029,224 | ) |  | $ | (12,666,484 | ) |  | $ | 8,351,677 |  |  |  | - |  |  | $ | 8,351,677 |
Foreign |  |  | 3,711,580 |  |  |  | 119,551 |  |  |  | 3,831,131 |  |  |  | 2,640,266 |  |  |  | - |  |  |  | 2,640,266 |
|  | $ | 17,074,320 |  |  | $ | (25,909,673 | ) |  | $ | (8,835,353 | ) |  | $ | 10,991,943 |  |  |  | - |  |  | $ | 10,991,943 |
Schedule of Provision for Income Taxes |
|  | 2024 |  |  | 2023 |
|  | Continuing Operations |  |  | Discontinued Operations |  |  | Total Income Statement |  |  | Continuing Operations |  |  | Discontinued Operations |  |  | Total Income Statement |
Current |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  | $ | 2,561,006 |  |  | $ | - |  |  | $ | 2,561,006 |  |  | $ | 2,558,279 |  |  |  | - |  |  | $ | 2,558,279 |
Foreign |  |  | 1,572,973 |  |  |  | 31,681 |  |  |  | 1,604,654 |  |  |  | 967,152 |  |  |  | - |  |  |  | 967,152 |
State |  |  | 859,579 |  |  |  | - |  |  |  | 859,579 |  |  |  | 503,738 |  |  |  | - |  |  |  | 503,738 |
Deferred: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | (959,267 | ) |  |  | (3,730,004 | ) |  |  | (4,689,271 | ) |  |  | (1,371,310 | ) |  |  | - |  |  |  | (1,371,310 | )
Foreign |  |  | - |  |  |  |  |  |  |  | - |  |  |  | (60,462 | ) |  |  | - |  |  |  | (60,462 | )
State |  |  | (175,495 | ) |  |  | (466,609 | ) |  |  | (642,104 | ) |  |  | (190,457 | ) |  |  | - |  |  |  | (190,457 | )
|  | $ | 3,858,796 |  |  | $ | (4,164,932 | ) |  | $ | (306,136 | ) |  | $ | 2,406,940 |  |  |  | - |  |  | $ | 2,406,940 |
Schedule of Reconciliation of Income Taxes Computed Using the U.S. Federal Statutory Rate to that Reflected in Operations |
|  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Income taxes using U.S. federal statutory rate |  | $ | (1,855,424 | ) |  |  | 21 | % |  | $ | 2,308,308 |  |  |  | 21 | %
State income taxes, net of federal benefit |  |  | 188,037 |  |  |  | (2 | ) |  |  | 244,874 |  |  |  | 2 |
Impact of goodwill impairment charge |  |  | 1,638,143 |  |  |  | (18 | ) |  |  | - |  |  |  | 0 |
Impact on Foreign Repatriation Tax Reform |  |  | 252,786 |  |  |  | (3 | ) |  |  | 306,330 |  |  |  | 3 |
Impact of foreign subsidiaries on effective tax rate |  |  | (95,924 | ) |  |  | 1 |  |  |  | (297,728 | ) |  |  | (3 | )
Impact of Research & Development tax credit |  |  | (472,561 | ) |  |  | 5 |  |  |  | (136,343 | ) |  |  | (1 | )
Uncertain tax positions reserve |  |  | (14,056 | ) |  |  | 0 |  |  |  | 461 |  |  |  | 0 |
Other net |  |  | 52,863 |  |  |  | 0 |  |  |  | (18,962 | ) |  |  | 0 |
|  | $ | (306,136 | ) |  |  | 4 | % |  | $ | 2,406,940 |  |  |  | 22 | %
|  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Income taxes using U.S. federal statutory rate |  | $ | 3,585,607 |  |  |  | 21 | % |  | $ | 2,308,308 |  |  |  | 21 | %
State income taxes, net of federal benefit |  |  | 556,658 |  |  |  | 3 |  |  |  | 244,874 |  |  |  | 2 |
Impact on Foreign Repatriation Tax Reform |  |  | 252,786 |  |  |  | 2 |  |  |  | 306,330 |  |  |  | 3 |
Impact of foreign subsidiaries on effective tax rate |  |  | (102,501 | ) |  |  | (1 | ) |  |  | (297,728 | ) |  |  | (3 | )
Impact of Research & Development tax credit |  |  | (472,561 | ) |  |  | (2 | ) |  |  | (136,343 | ) |  |  | (1 | )
Uncertain tax positions reserve |  |  | (14,056 | ) |  |  | 0 |  |  |  | 461 |  |  |  | 0 |
Other net |  |  | 52,863 |  |  |  | 0 |  |  |  | (18,962 | ) |  |  | 0 |
|  | $ | 3,858,796 |  |  |  | 23 | % |  | $ | 2,406,940 |  |  |  | 22 | %
|  | 2024 |  |  | 2023 |
|  | Amount |  |  | Percent |  |  | Amount |  |  | Percent |
Income taxes using U.S. federal statutory rate |  | $ | (5,441,031 | ) |  |  | 21 | % |  |  | - |  |  |  | 0 | %
State income taxes, net of federal benefit |  |  | (368,621 | ) |  |  | 1 |  |  |  | - |  |  |  | 0 |
Impact of foreign subsidiaries on effective tax rate |  |  | 6,577 |  |  |  | 0 |  |  |  | - |  |  |  | 0 |
Impact of goodwill impairment charge |  |  | 1,638,143 |  |  |  | (6 | ) |  |  | - |  |  |  | 0 |
|  | $ | (4,164,932 | ) |  |  | 16 | % |  | $ | - |  |  |  | 0 | %
Schedule of Reconciliation of Unrecognized Tax Benefits |
|  | 2024 |  |  | 2023 |
Balance at beginning of year |  | $ | 571,864 |  |  | $ | 685,518 |
Increase for positions taken during the current period |  |  | (2,303 | ) |  |  | 34,293 |
Increase (decrease) for positions taken during the prior period |  |  | - |  |  |  | (59,779 | )
Decrease resulting from the expiration of the statute of limitations |  |  | (75,203 | ) |  |  | (88,168 | )
Balance at end of year |  | $ | 494,358 |  |  | $ | 571,864 |

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