XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.20.2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
--- | ---
Sep. 27, 2020
Accounting Policies [Abstract] |
Revenue from External Customers by Geographic Areas | Concentration of Credit Risk Concentration of credit risk is limited due to the Company's diverse client partner base and their dispersion across many different industries and geographic locations nationwide. No single client partner accounted for more than 10% of the Company’s accounts receivable as of September 27, 2020 and December 29, 2019 or revenue for the thirty-nine week periods ended September 27, 2020 and September 29, 2019. 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:
|  | Thirty-nine Weeks Ended
|  | September 27, 2020 |  | September 29, 2019
Maryland |  | 11 | % |  | 10 | %
Massachusetts |  | 13 | % |  | 2 | %
Tennessee |  | 14 | % |  | 16 | %
Texas |  | 23 | % |  | 29 | %
Consequently, weakness in economic conditions in these regions could have a material adverse effect on the Company’s financial position and results of future operations.
Summary of Valuation Allowance | Changes in the allowance for credit losses are as follows:
|  | Thirteen Weeks Ended |  | Thirty-nine Weeks Ended
|  | September 27, 2020 |  | September 29, 2019 |  | September 27, 2020 |  | September 29, 2019
Beginning balance |  | $ | 468,233 |  |  | $ | 468,233 |  |  | $ | 468,233 |  |  | $ | 468,233 |
EdgeRock Technology Holdings, Inc. (“EdgeRock”) acquisition |  | — |  |  | — |  |  | 47,498 |  |  | — |
Provision for credit losses, net |  | 53,896 |  |  | 34,667 |  |  | 153,805 |  |  | 6,065 |
Amounts written off, net |  | (45,142) |  |  | (34,667) |  |  | (192,549) |  |  | (6,065) |
Ending balance |  | $ | 476,987 |  |  | $ | 468,233 |  |  | $ | 476,987 |  |  | $ | 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 |  | Thirty-nine Weeks Ended
|  |  | September 27, 2020 |  | September 29, 2019 |  | September 27, 2020 |  | September 29, 2019
Weighted-average number of common shares outstanding: |  | 10,312,939 |  |  | 10,239,126 |  |  | 10,309,457 |  |  | 10,233,725 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
| Stock options and restricted stock |  | 13,554 |  |  | 69,684 |  |  | — |  |  | 90,853 |
| Warrants |  | — |  |  | 34,863 |  |  | — |  |  | 41,293 |
Weighted-average number of diluted common shares outstanding |  | 10,326,493 |  |  | 10,343,673 |  |  | 10,309,457 |  |  | 10,365,871 |
| Stock options and restricted stock |  | 606,557 |  |  | 306,750 |  |  | 419,850 |  |  | 306,750 |
| Warrants |  | 25,862 |  |  | — |  |  | 25,862 |  |  | — |
Antidilutive shares |  | 632,419 |  |  | 306,750 |  |  | 445,712 |  |  | 306,750 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Subparagraph a -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 + Details
Name: | us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_SummaryOfValuationAllowanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration