XML 31 R19.htm IDEA: XBRL DOCUMENT
v3.25.1

Note 12 - Income Taxes | 12 Months Ended
--- | ---
Dec. 28, 2024
Notes to Financial Statements |
Income Tax Disclosure [Text Block] | (12) Income Taxes Components of income tax expense (benefit) for each year are as follows:
|  | 2024 |  |  | 2023 |
Current: |  |  |  |  |  |  |  |
Federal |  | $ | - |  |  | $ | 81,919 |
State |  |  | 456 |  |  |  | 456 |
Current income tax provision (benefit): |  |  | 456 |  |  |  | 82,375 |
Deferred: |  |  |  |  |  |  |  |
Federal |  |  | (727,390 | ) |  |  | 357,507 |
State |  |  | (231,566 | ) |  |  | 142,203 |
Deferred income tax provision (benefit), net |  |  | (958,956 | ) |  |  | 499,710 |
Total |  | $ | (958,500 | ) |  | $ | 582,085 |
Deferred tax assets as of December 28, 2024 and December 30, 2023 are as follows:
|  | December 28, 2024 |  |  | December 30, 2023 |
Deferred Tax Assets: |  |  |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 766,023 |  |  | $ | - |
Stock compensation |  |  | 117,453 |  |  |  | 209,609 |
Credit carryforwards |  |  | 899,441 |  |  |  | 865,928 |
Inventory |  |  | 141,615 |  |  |  | 84,955 |
Accrued liabilities |  |  | 6,468 |  |  |  | - |
Depreciation |  |  | 120,452 |  |  |  | 143,081 |
Capitalized R&D, net |  |  | 474,088 |  |  |  | 263,421 |
Other |  |  | 3,142 |  |  |  | 2,732 |
Net deferred tax assets |  | $ | 2,528,682 |  |  | $ | 1,569,726 |
A summary of the change in the deferred tax asset is as follows:
|  | 2024 |  |  | 2023 |
Gross deferred tax balance at beginning of year |  | $ | 1,569,726 |  |  | $ | 2,069,436 |
Deferred tax benefit (provision) |  |  | 958,956 |  |  |  | (499,710 | )
Balance at end of year, net |  | $ | 2,528,682 |  |  | $ | 1,569,726 |
Income tax expense is different from the amounts computed by applying the U.S. federal statutory income tax rate of 21 percent to pretax income as a result of the following:
|  | 2024 |  |  | 2023 |
Tax at statutory rate |  | $ | (857,216 | ) |  | $ | 416,663 |
State tax, net of federal benefit |  |  | (231,204 | ) |  |  | 142,562 |
Other |  |  | 129,920 |  |  |  | 22,860 |
Total |  | $ | 958,500 |  |  | $ | 582,085 |
The Company’s income tax filings are subject to review and examination by federal and state taxing authorities. The Company is currently open to audit under the applicable statutes of limitations for the years 2020 through 2023.

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

X
- Definition The entire disclosure for income tax. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477891/740-270-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-13 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/740/tableOfContent Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-14 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-21 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-17 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482603/740-30-50-2 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration