v2.4.0.8
Inventory Finance Notes Receivable and Allowance for Loan Loss (Tables)
 6 Months Ended
Jun. 28, 2014
Receivables [Abstract]  
Summary of Inventory Finance Notes Receivable

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

 

     June 28,
2014		     December 28,
2013		  
     (unaudited)        

Total Inventory finance notes receivable

    $ 4,366,352      $ 6,097,188   

Allowance for loan loss

      (131,210 )      (201,960 ) 
  

 

 

    

 

 

  
     4,235,142        5,895,228   

Current portion of inventory finance notes receivable

      (1,819,855 )      (2,607,456 ) 
  

 

 

    

 

 

  

Inventory finance notes receivable, net

    $ 2,415,287      $ 3,287,772   
  

 

 

    

 

 

  

Summary of Changes in Estimated Allowance for Loan Losses

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

 

     June 28,
2014		     June 29,
2013		  
     (unaudited)     (unaudited)  

Balance at beginning of period

    $ 201,960      $ 329,500   

Provision/(Benefit) for credit losses

      (70,750 )      (87,990 ) 
  

 

 

    

 

 

  

Balance at end of period

    $ 131,210      $ 241,510