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INCOME TAXES (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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