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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 28, 2020

Accounting Policies [Abstract]

Revenue from External Customers by Geographic Areas

Geographic revenue in excess of 10% of the Company's consolidated revenue in Fiscal 2020 and the related percentage for Fiscal 2019 was generated in the following areas:  

						Twenty-six Weeks Ended
						June 28, 2020						June 30, 2019
Maryland						12		%				11		%
Massachusetts						13		%				1		%
Tennessee						15		%				16		%
Texas						23		%				30		%

Summary of Valuation Allowance

Changes in the allowance for credit losses are as follows:

						Thirteen Weeks Ended																		Twenty-six Weeks Ended
						June 28, 2020						June 30, 2019						June 28, 2020						June 30, 2019
Beginning balance						$	468,233					$	468,233					$	468,233					$	468,233
EdgeRock Technology Holdings, Inc. (“EdgeRock”) acquisition						—						—						47,498						—
Provision for (recovery of) credit losses, net						68,251						24,855						99,909						(28,602)
Amounts (written off) collected, net						(69,284)						(24,855)						(148,440)						28,602
Ending balance						$	467,200					$	468,233					$	467,200					$	468,233

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the respective periods:

									Thirteen Weeks Ended																		Twenty-six Weeks Ended
									June 28, 2020						June 30, 2019						June 28, 2020						June 30, 2019
Weighted-average number of common shares outstanding:												10,306,986						10,232,588						10,307,715						10,231,025
Effect of dilutive securities:
			Stock options and restricted stock						—						89,833						—						105,156
			Warrants						—						39,617						—						44,014
Weighted-average number of diluted common shares outstanding												10,306,986						10,362,038						10,307,715						10,380,195
			Stock options and restricted stock						521,247						239,750						423,150						239,750
			Warrants						25,862						—						25,862						—
Antidilutive shares												547,109						239,750						449,012						239,750

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- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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