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INCOME TAXES (Tables)

12 Months Ended

Jan. 01, 2023

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The Company's income tax expense for the fiscal years are comprised of the following: 

						2022						2021						2020
Current federal income tax						$	589,528					$	594,483					$	752,397
Current state income tax						716,942						765,716						919,966
Deferred income tax (benefit)						2,352,601						1,279,388						(2,413,019)
Income tax expense (benefit) from continuing operations						3,659,071						2,639,587						(740,656)
Income tax expense from discontinued operations						4,810,362						918,613						1,253,748
Income tax expense						$	8,469,433					$	3,558,200					$	513,092

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred income taxes from continuing operations are as follows at: 

									January 1, 2023						December 26, 2021
Deferred tax assets:
			Allowance for credit losses						$	127,430					$	103,609
			Goodwill and intangible assets						786,455						996,763
			Accrued payroll and expenses						404,050						207,600
			Contingent consideration						271,130						535,687
			Other long-term liabilities (deferred employer FICA)						—						1,843,081
			Share-based compensation						503,961						452,029
			Net operating loss carry forward						984,902						1,356,294
Deferred tax liabilities:
			Prepaid expenses and other current assets						(579,593)						(579,027)
			Fixed assets						(302,651)						(367,751)
Deferred income taxes, net									$	2,195,684					$	4,548,285

Schedule of Effective Income Tax Rate Reconciliation

The income tax provision, reconciled to the tax computed at the statutory federal rate, is as follows: 

						2022									2021									2020
Tax expense (benefit) at federal statutory rate						$	3,133,256		21.0		%				$	2,750,467		21.0		%				$	(590,634)		21.0		%
State income taxes, net of federal benefit						794,554			5.3		%				1,100,072			8.4		%				96,269			(3.4)		%
Equity, permanent differences and other						178,493			1.2		%				(503,123)			(3.9)		%				239,020			(8.5)		%
Work Opportunity Tax Credit, net						(447,232)			(3.0)		%				(707,829)			(5.4)		%				(485,311)			17.3		%
Income tax expense (benefit) from continuing operations						3,659,071			24.5		%				2,639,587			20.1		%				(740,656)			26.4		%
Income tax expense from discontinued operations						4,810,362			24.5		%				918,613			20.1		%				1,253,748			26.4		%
Income tax expense						$	8,469,433		24.5		%				$	3,558,200		20.1		%				$	513,092		26.4		%

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- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ 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
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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