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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 29, 2024
STOCK BASED COMPENSATION  
Company's stock options

 

 

Number of Options

 

 

Weighted Average

Exercise Price

 

 

Weighted Average Remaining Term

(In Years)

 

 

Aggregate Intrinsic Value

 

Options outstanding at January 1, 2023

 

 

220,250

 

 

$2.74

 

 

 

9.0

 

 

$-

 

Granted

 

 

100,000

 

 

 

2.50

 

 

 

6.2

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Canceled, forfeited, or expired

 

 

(1,000)

 

 

2.58

 

 

 

-

 

 

 

-

 

Options outstanding at December 31, 2023

 

 

319,250

 

 

$2.62

 

 

 

7.6

 

 

$-

 

Options exercisable at December 31, 2023

 

 

106,702

 

 

 

2.85

 

 

 

8.3

 

 

$-

 

Options outstanding at December 31, 2023

 

 

319,250

 

 

$2.62

 

 

 

7.6

 

 

$-

 

Granted

 

 

20,000

 

 

 

1.64

 

 

 

9.3

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Canceled, forfeited, or expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Options outstanding at December 29, 2024

 

 

339,250

 

 

$2.53

 

 

 

7.4

 

 

$-

 

Options exercisable at December 29, 2024

 

 

169,554

 

 

$2.65

 

 

 

6.8

 

 

$-

 

Schedule of assumptions used to estimate the fair value of the stock options

 

 

2024

 

 

2023

 

The fair value of options and warrants granted during the period

 

$

1.08 to $ 1.19

 

 

$1.60

 

Expected life (in years)

 

 

6.0

 

 

 

6.0

 

Expected dividend

 

 

-

 

 

 

-

 

Expected stock volatility

 

 

63%

 

 

63%

Risk-free interest rate

 

 

3.75%

 

 

3.75%