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Income Taxes (Tables)
 12 Months Ended
Dec. 29, 2024
Income Taxes [Abstract]  
Schedule of Loss from Continuing Operations Before Provision for Income Taxes

The Company’s loss from continuing operations before provision for income taxes for the fiscal years ended December 29, 2024 and December 31, 2023, was as follows (in thousands):

 

   Fiscal Year Ended 
   December 29,
2024		   December 31,
2023		 
Domestic  $(54,444)  $(94,222)
Foreign   -    (1,995)
Total  $(54,444)  $(96,217)
Schedule of Reconciliation of Federal Statutory Income Tax Rate to Our Effective Income Tax Rate

The following is a reconciliation of the Company’s income tax applied at the federal statutory income tax rate compared to the income tax provision in its consolidated statements of operations for continuing operations. Certain prior year amounts have been reclassified to conform to the current year presentation (in thousands):

 

   Fiscal Year Ended 
   December 29,
2024		   December 31,
2023		 
Statutory federal income tax  $(11,433)  $(20,206)
State income taxes, net of federal tax benefits   (2,444)   7,833 
Stock compensation   1,102    637 
Fair value adjustments   (980)   (5,540)
Nondeductible items   1,332    141 
Debt extinguishment   (6,571)   2,171 
Foreign earnings taxed at different rates   -    419 
Forward purchase agreements   -    9,780 
Effect of changes in tax rates   706    - 
Prior year adjustments   2,058    - 
Valuation allowance   16,171    3,145 
Other   59    1,600 
Tax Provision  $-   $(20)
Schedule of Deferred Tax Assets and Liabilities

Significant components of our deferred tax assets and liabilities are as follows. Certain prior year amounts have been reclassified to conform to the current year presentation (in thousands):

   As of 
   December 29,   December 31, 
   2024   2023 
Deferred income tax assets        
Net operating loss  $34,749   $17,957 
Debt derivatives   24,591    - 
Bad debt reserve   431    2,799 
Stock based compensation   452    3,060 
Lease liability   1,512    10 
Other reserves   3,381    3,764 
Interest expense carryover   7,005    5,503 
Intangibles   1,279    32 
Capitalized research and development   824    808 
Other   3,336    5,827 
Total   77,560    39,760 
Valuation allowance   (55,714)   (38,407)
Net deferred tax assets   21,846    1,353 
Deferred income tax liabilities          
Convertible loan discount   (19,175)   (759)
Other   (2,671)   (594)
Total deferred tax liabilities   (21,846)   (1,353)
Net deferred tax assets  $-   $- 
Schedule of Unrecognized Tax Benefits

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in thousands):

 

   Fiscal Year Ended 
   December 29,
2024		   December 31,
2023		 
Unrecognized tax benefits as of beginning of year  $53,153   $1,335 
Increases related to prior year tax positions   -    5 
Increases related to current year tax positions   -    51,813 
Decreases related to prior year tax positions   (53,153)   - 
Unrecognized tax benefits as of end of year  $-   $53,153