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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 29, 2019
Dec. 30, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 13,246,990 $ 17,549,541 $ 5,848,434
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation 830,299 746,443 592,317
Amortization 3,989,957 4,298,044 5,699,641
Loss on disposal of property and equipment 30,767 17,765 17,373
Loss on extinguishment of debt, net 540,705 0 0
Contingent consideration adjustment 0 (3,775,307) (225,743)
Amortization of deferred financing fees 173,018 453,513 251,376
Interest expense on contingent consideration payable 123,761 624,145 1,208,095
Provision for doubtful accounts 128,260 40,618 760,633
Share-based compensation 952,738 1,069,482 447,301
Deferred income taxes 799,150 1,531,516 3,109,942
Net changes in operating assets and liabilities, net of effects of acquisitions:      
Accounts receivable (1,758,340) (939,454) 1,434,308
Prepaid expenses (726,840) (36,251) 102,443
Other current assets 3,217 120,504 27,425
Deposits (475,399) (302,315) (245,018)
Accrued interest (235,520) (22,083) 229,762
Accounts payable 675,790 (1,763,355) (555,971)
Accrued payroll and expenses (82,430) (1,129,431) 284,667
Accrued workers’ compensation (125,773) (61,141) (162,435)
Other current liabilities 16,565 (87,553) (299,691)
Income taxes receivable and payable (125,490) 246,753 (384,177)
Operating leases (27,581) 0 0
Other long-term liabilities 0 (154,959) (76,959)
Net cash provided by operating activities 17,953,844 18,426,475 18,063,723
Cash flows from investing activities      
Businesses acquired, net of cash received (7,500,000) 0 (24,500,000)
Capital expenditures (2,229,509) (923,994) (1,145,757)
Proceeds from sale of property and equipment 440 0 2,350
Net cash used in investing activities (9,729,069) (923,994) (25,643,407)
Cash flows from financing activities      
Net borrowings (payments) under line of credit 9,694,667 (10,717,778) (2,514,646)
Proceeds from issuance of long-term debt 7,500,000 0 25,000,000
Principal payments on long-term debt (10,121,000) (13,766,500) (1,112,500)
Payments of dividends (12,282,342) (10,921,909) (8,735,759)
Issuance of shares under the 2013 Long-Term Incentive Plan and Form S-3 registration statement, net of exercises 38,200 22,205,389 86,249
Option cancellation agreement 0 (3,335,169) 0
Contingent consideration paid (2,672,000) (962,996) (4,024,257)
Deferred financing costs (382,300) (3,518) (1,119,403)
Net cash (used in) provided by financing activities (8,224,775) (17,502,481) 7,579,684
Net change in cash and cash equivalents 0 0 0
Cash and cash equivalents, beginning of year 0 0 0
Cash and cash equivalents, end of year 0 0 0
Supplemental cash flow information:      
Cash paid for interest 1,350,713 1,764,960 1,447,138
Cash paid for taxes, net of refunds 3,563,703 2,012,325 5,909,250
Non-cash transactions:      
Leasehold improvements funded by landlord incentives $ 0 $ 366,202 $ 255,493