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DEBT (Tables)

12 Months Ended

Dec. 29, 2019

Debt Disclosure [Abstract]

Schedule of Line of Credit Facilities

Borrowings under the revolving facilities consisted of and bore interest at:

	December 29, 2019							December 30, 2018
Base Rate	$	2,844,957			5.25	%		$	650,289			6.50	%
LIBOR	17,500,000				3.26	%		10,000,000				5.16	%
Total	$	20,344,957						$	10,650,289

Schedule of Long-term Debt Instruments

Long-term debt consisted of and bore interest at:

		December 29, 2019						December 30, 2018
Base Rate (1)		$	7,500,000		5.25	%		$	1,121,000		6.50	%
LIBOR		—			—	%		9,000,000			5.41	%
Long-term debt		$	7,500,000					$	10,121,000
(1) On January 21, 2020 the rate was changed to 3.16%

Schedule of Maturities of Long-term Debt

Maturities on the Revolving Facility with BMO and long-term debt as of December 29, 2019, are as follows:

Fiscal:
2020	$	375,000
2021	562,500
2022	750,000
2023	937,500
2024	25,219,957
	27,844,957
Less deferred finance fees	(351,128		)
Total	$	27,493,829

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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