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ACQUISITIONS (Tables)
12 Months Ended
Dec. 26, 2021
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The acquisition has been allocated to the assets acquired and liabilities assumed as of the date of acquisition as follows:
Accounts receivable$6,728,261 
Prepaid expenses and other assets56,108 
Property and equipment296,309 
Right-of-use asset - operating leases1,714,984 
Intangible assets10,264,000 
Goodwill (non-deductible for tax purposes)6,882,241 
Current liabilities assumed(2,567,617)
Deferred income taxes(657,193)
Lease liability - operating leases(1,714,984)
Total net assets acquired$21,002,109 
Cash$21,600,000 
Working capital adjustment(597,891)
Total fair value of consideration transferred for acquired business$21,002,109 
The acquisition has been allocated to the assets acquired and liabilities assumed as of the date of acquisition as follows:
Accounts receivable$345,121 
Prepaid expenses and other assets3,626 
Property plant and equipment, net5,101 
Intangible assets3,347,970 
Goodwill2,089,823 
Liabilities Assumed$(73,708)
Total net assets acquired$5,717,933 
Cash3,791,210 
Fair value of contingent consideration1,926,723 
Total fair value of consideration transferred for acquired business$5,717,933 
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
The allocation of the intangible assets is as follows:
 Estimated Fair
Value
Estimated 
Useful Lives
Covenants not to compete$171,000 5 years
Trade name6,000,000 Indefinite
Client partner list4,093,000 6 years
Total$10,264,000  
The allocation of the intangible assets is as follows:
 Estimated Fair
Value
Estimated 
Useful Lives
Covenants not to compete$37,800 5 years
Trade name1,420,000 Indefinite
Client partner list1,890,170 10 years
Total$3,347,970  
Business Acquisition, Pro Forma Information
The Company estimates the revenues and net income from continuing operations for the periods below that would have been reported if the EdgeRock and Momentum acquisitions had taken place on the first day of the Company's Fiscal 2020 would be as follows (dollars in thousands, except per share amounts): 
20212020
Revenues$239,263 $212,934 
Gross profit$81,106 $68,580 
Net income$10,500 $(1,884)
Net income per share: 
Basic$1.01 $(0.18)
Diluted$1.01 $(0.18)