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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 27, 2020
Dec. 29, 2019
CURRENT ASSETS    
Cash $ 1,393,263 $ 258,101
Receivables 21,728 15,363
Inventory 57,618 56,432
Prepaid expenses 626 6,929
Total current assets 1,473,235 336,825
PROPERTY AND EQUIPMENT, net 1,597,635 1,650,012
LAND AND BUILDINGS HELD FOR SALE 349,244 449,244
INVESTMENT IN AND NOTE RECEIVABLE FROM RELATED COMPANY 75,000 179,000
OTHER ASSETS, net 27,184 18,458
Total assets 3,522,298 2,633,539
CURRENT LIABILITIES    
Current maturities of long-term debt 240,680 277,666
Accounts payable 422,054 321,855
Accrued expenses 203,413 202,732
Income taxes payable 235,898 2,898
Total current liabilities 1,102,045 805,151
LONG-TERM DEBT, less current maturities 3,001,206 3,221,035
UNEARNED VENDOR REBATE 0 3,668
Total liabilities 4,103,251 4,029,854
COMMITMENTS AND CONTINGENCIES 0 0
SHAREHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $.001 par value, 2,000,000 shares authorized, no shares outstanding at September 27, 2020 and December 29, 2019 0 0
Common stock, $.001 par value, 50,000,000 authorized, 8,095,004 shares outstanding at September 27, 2020 and December 29, 2019 8,095 8,095
Additional paid-in capital 497,671 497,671
Accumulated deficit (1,086,719) (1,902,081)
Total shareholders' deficit (580,953) (1,396,315)
Total liabilities and shareholders' deficit $ 3,522,298 $ 2,633,539