v2.4.0.8
Inventory Finance Notes Receivable and Allowance for Loan Loss (Tables)
 9 Months Ended
Sep. 27, 2014
Receivables [Abstract]  
Summary of Inventory Finance Notes Receivable

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

     September 27,     December 28,  
     2014     2013  
     (unaudited)        

Inventory finance notes receivable

    $ 3,949,370      $ 6,097,188   

Allowance for loan loss

      (130,980 )      (201,960 ) 
  

 

 

    

 

 

  
     3,818,390        5,895,228   

Current portion of inventory finance notes receivable

      (2,146,630 )      (2,607,456 ) 
  

 

 

    

 

 

  

Total inventory finance notes receivable, net

    $ 1,671,760      $ 3,287,772   
  

 

 

    

 

 
Summary of Changes in Estimated Allowance for Loan Losses

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

 

     September 27,     September 28,  
     2014     2013  
     (unaudited)     (unaudited)  

Balance at beginning of period

    $ 201,960      $ 329,500   

Provision/(Benefit) for credit losses

      (70,980 )      (117,660 ) 
  

 

 

    

 

 

  

Balance at end of period

    $ 130,980      $ 211,840