v3.3.1.900
Long Term Debt (Tables)
 12 Months Ended
Jan. 02, 2016
Debt Disclosure [Abstract]  
Summary of Long-term Debt

Long-term debt of the Company was as follows:

 

     January 2,
2016		      December 27,
2014		  

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.

    $ 330,333       $ 816,400   

Less: Current portion of long-term debt

      (330,333 )       (125,600 ) 
  

 

 

     

 

 

  

Total long-term debt, net of current portion

    $ —         $ 690,800   
  

 

 

     

 

 

  
Summary of Principal Repayment Requirements on Long-term Debt

At January 2, 2016, principal repayment requirements on long-term debt were as follows:

 

For year ended December 31,

    Amount  

2016

    $ 330,333   
  

 

 

  

Total repayments on long-term debt

    $ 330,333