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RELATED PARTY TRANSACTIONS
12 Months Ended
Jan. 03, 2021
Related Party Transactions  
Related Party Transactions

(16)         RELATED PARTY TRANSACTIONS

Anand D. Gala is a franchisee of the Company and currently serves as a director of the Company. Mr. Gala is the Founder, President and Chief Executive Officer of Gala Holdings International, a diversified holding company that conducts consulting, restaurant development and management operations.

Charles Davidson, a franchisee of the Company, currently serves as a director of the Company and is the beneficial owner of approximately 17.4% of the Company’s common stock as of the date that these financial statements were available to be issued, by virtue of his ownership interest in Wexford Capital.

The following table outlines amounts received from related parties during the years ended January 3, 2021 and December 29, 2019:

Year Ended

(in thousands)

January 3, 2021

    

December 29, 2019

Revenues and NAF contributions - Anand Gala

$

1,062

$

1,649

Revenues and NAF contributions - Charles Davidson

515

314

The following table outlines accounts receivable, net from related parties as of January 3, 2021 and December 29, 2019:

(in thousands)

January 3, 2021

    

December 29, 2019

Accounts receivable, net - Anand Gala

$

207

$

290

Accounts receivable, net - Charles Davidson

52

77