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Discontinued Operations (Tables)
 9 Months Ended
Sep. 27, 2025
Discontinued Operations  
Schedule of Assets and Liabilities of Discontinued Operations

 

 

September 27,

2025

 

 

December 28,

2024

 

 

 

(unaudited)

 

 

 

 

Cash

 

$-

 

 

$833,141

 

Accounts receivable

 

 

-

 

 

 

2,533,357

 

Inventory

 

 

-

 

 

 

784,485

 

Prepaid expenses

 

 

-

 

 

 

789,438

 

Right of use assets

 

 

-

 

 

 

131,407

 

Total assets of discontinued operations

 

$-

 

 

$5,071,828

 

 

 

 

 

 

 

 

 

 

Current assets of discontinued operations¹

 

$-

 

 

$5,071,828

 

Total assets of discontinued operations

 

$-

 

 

$5,071,828

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$-

 

 

$756,842

 

Accrued compensation and other accrued expenses

 

 

-

 

 

 

1,242,812

 

Current portion of lease liability

 

 

-

 

 

 

128,670

 

Other long-term liabilities

 

 

-

 

 

 

16,249

 

Total liabilities of discontinued operations

 

$-

 

 

$2,144,573

 

 

 

 

 

 

 

 

 

 

Current liabilities of discontinued operations¹

 

$-

 

 

$2,144,573

 

Total liabilities of discontinued operations

 

$-

 

 

$2,144,573

 
Schedule of Income from Discontinued Operations

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 27,

 2025

 

 

September 28,

2024

 

 

September 27,

2025

 

 

September 28,

 2024

 

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Net sales

 

$-

 

 

$3,360,405

 

 

$1,670,208

 

 

$9,647,649

 

Cost of products sold

 

 

-

 

 

 

(2,804,743)

 

 

(1,653,484)

 

 

(8,402,175)

Gross margin

 

 

-

 

 

 

555,662

 

 

 

16,724

 

 

 

1,245,474

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling and administrative expenses

 

 

-

 

 

 

(1,145,232)

 

 

(388,848)

 

 

(3,483,904)

(Loss) income from disposal of discontinued operations

 

 

-

 

 

 

(23,087,775)

 

 

2,016,696

 

 

 

(23,087,775)

Operating (loss) income

 

 

-

 

 

 

(23,677,345)

 

 

1,644,572

 

 

 

(25,326,205)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

-

 

 

 

(177,420)

 

 

(147,882)

 

 

(512,414)

(Loss) income from discontinued operations before income taxes

 

 

-

 

 

 

(23,854,765)

 

 

1,496,690

 

 

 

(25,838,619)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax benefit (expense)

 

 

-

 

 

 

3,888,522

 

 

 

(315,951)

 

 

4,320,904

 

(Loss) income from discontinued operations, net of tax

 

$-

 

 

$(19,966,243)

 

$1,180,739

 

 

$(21,517,715)