XML 38 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 29, 2019
Dec. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (loss) $ (368,577) $ 20,803
Adjustments to reconcile net income (loss) to net cash provided by operating activities-    
Stock-based incentive compensation 13,500
Depreciation 211,087 225,814
Amortization of franchise agreement 1,700 1,700
Amortization of debt issuance cost 5,176 5,980
Impairment of asset held for sale 93,488
(Gain) /Loss on sale of property and equipment 1,800 (158,358)
Impairment of goodwill 48,500
Deferred tax benefit (48,500)
Write-off of deferred offering costs 40,000
Changes in operating assets and liabilities    
Receivables 4,878 (1,137)
Inventory 2,152 12,111
Prepaid expenses 1,282 (3,338)
Accounts payable 33,196 (63,162)
Unearned vendor rebate (6,112) (4,890)
Accrued expenses 27,746 (132)
Income taxes payable (10,827) 13,725
Net cash provided by operating activities 50,489 49,116
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds of sale of property and equipment 300,000
Investment in notes receivable from related entity (179,000) (16,770)
Purchase of property and equipment (66,652)
Net cash provided by (used in) investing activities (179,000) 216,578
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt 139,000
Principal payments on long-term debt (276,899) (403,927)
Issuance of common stock, net 492,266
Debt issuance costs (1,000)
Deferred offering costs (40,000)
Distributions to members (29,572)
Net cash provided by (used in) financing activities (276,899) 156,767
CHANGE IN CASH (405,410) 422,461
CASH, BEGINNING OF YEAR 663,511 241,050
CASH, END OF YEAR 258,101 663,511
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for interest 202,665 170,975
SUPPLEMENTAL DISCLOSURE OF INVESTING AND FINANCING ACTIVITIES    
Transfer of property and equipment to assets held for sale 189,640
Purchase of fixed assets in exchange for debt $ 200,000
Common stock warrants issued for offering 15,421
Common stock issued for offering costs 327,600
Goodwill and deferred tax liability assumed in reverse merger $ 48,500