v2.4.1.9

Long Term Debt (Tables)

12 Months Ended

Dec. 27, 2014

Debt Disclosure [Abstract]

Summary of Long-term Debt

Long-term debt of the Company was as follows:

		December 27,				December 28,
		2014				2013
Note payable to Fifth Third Bank, payable in monthly installments of $10,467 plus interest at Libor plus 4.0%, maturing on June 1, 2016, secured by all assets of the Company.		$	816,400			$	942,000
Less: Current portion of long-term debt			(125,600	)			(125,600	)
Total long-term debt, net of current portion		$	690,800			$	816,400

Summary of Principal Repayment Requirements on Long-term Debt

At December 27, 2014, principal repayment requirements on long-term debt were as follows:

For year ended December 31,		Amount
2015			125,600
2016			565,200
Total repayments on long-term debt		$	690,800

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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