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PROPERTY AND EQUIPMENT
 12 Months Ended
Dec. 29, 2024
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 2 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following at the end of the respective fiscal year:

 

 

 

December 29,

2024

 

 

December 31,

2023

 

Land

 

$435,239

 

 

$435,239

 

Equipment

 

 

4,149,525

 

 

 

3,994,685

 

Buildings and leasehold improvements

 

 

2,915,784

 

 

 

2,463,626

 

Total property and equipment

 

 

7,500,548

 

 

 

6,893,550

 

Accumulated depreciation

 

 

(3,575,663 )

 

 

(3,387,786 )

Net

 

 

3,924,885

 

 

 

3,505,764

 

Less - property held for sale

 

 

(258,751 )

 

 

(258,751 )

Less - impairment charge

 

 

(322,794 )

 

 

—

 

Net property and equipment

 

$3,343,340

 

 

$3,247,013

 

 

Depreciation expenses for 2024 and 2023 were $652,967 and $539,675, respectively.