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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jul. 03, 2022

STOCK-BASED COMPENSATION (Tables)

Company's stock options

		Number of				Weighted Average				Weighted Average Remaining Term				Aggregate Intrinsic
		Options				Exercise Price				(In Years)				Value
Options outstanding at January 2, 2022			15,000			$	5.00				9.3			$	0
Granted			220,750				2.50							$	0
Exercised			0				0							$	0
Canceled, forfeited, or expired			(8,200	)			2.50							$	0
Options outstanding at July 3, 2022			227,550			$	2.67				9.8			$	0
Options exercisable at July 3, 2022			59,150			$	3.18				9.7			$	0

Estimate the fair value of the stock options

Fair value of options granted during the period		$	1.39
Expected life (in years)			4.83
Expected dividend		$	-
Expected stock volatility			63	%
Risk-free interest rate			2	%