v2.4.0.8
Inventory Finance Notes Receivable and Allowance for Loan Loss (Tables)
 3 Months Ended
Mar. 29, 2014
Receivables [Abstract]  
Summary of Inventory Finance Notes Receivable

Inventory finance notes receivable, net, consisted of the following:

 

     March 29,
2014		     December 28,
2013		  
     (unaudited)        

Inventory finance notes receivable

    $ 5,475,107      $ 6,097,188   

Allowance for loan loss

      (234,930 )      (201,960 ) 
  

 

 

    

 

 

  
     5,240,177        5,895,228   

Current portion of inventory finance notes receivable

      (2,337,304 )      (2,607,456 ) 
  

 

 

    

 

 

  

Total Inventory finance notes receivable, net

    $ 2,902,873      $ 3,287,772   
  

 

 

    

 

 

  
Summary of Changes in Estimated Allowance for Loan Losses

The following table represents changes in the estimated allowance for loan losses:

 

     March 29,
2014		      March 30,
2013		  
     (unaudited)         

Balance at beginning of period

    $ 201,960       $ 329,500   

Provision/(Benefit) for credit losses

      32,970         (16,180 ) 
  

 

 

     

 

 

  

Balance at end of period

    $ 234,930       $ 313,320