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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 27, 2020
Dec. 29, 2019
Current assets    
Accounts receivable (net of allowance for credit losses of $492,087 for 2020 and $468,233 for 2019) $ 41,493,800 $ 39,423,801
Prepaid expenses and other current assets 2,154,966 1,243,746
Income taxes receivable 0 69,649
Total current assets 43,648,766 40,737,196
Property and equipment, net 3,723,582 3,545,049
Other assets    
Deposits and other assets 5,211,145 3,843,023
Deferred income taxes, net 5,827,673 4,071,847
Right-of-use asset - operating leases 6,009,054 4,386,317
Intangible assets, net 33,781,168 33,807,973
Goodwill 32,076,880 25,194,639
Total other assets 82,905,920 71,303,799
Accounts payable 130,278,268 115,586,044
Current liabilities    
Long-term debt, current portion 2,625,000 375,000
Accrued interest 78,134 73,027
Accounts payable 219,693 479,422
Accrued payroll and expenses 11,448,403 10,485,039
Lease liability, current portion 2,031,898 1,277,843
Other current liabilities 0 1,016,565
Income taxes payable 1,861,116 0
Total current liabilities 18,264,244 13,706,896
Line of credit (net of deferred finance fees of $268,076 and $351,128 for 2020 and 2019, respectively) 5,709,266 19,993,829
Long-term debt, less current portion 26,300,000 7,125,000
Contingent consideration, less current portion 2,287,926 2,174,378
Lease liability, less current portion 4,903,539 4,128,951
Other long-term liabilities 7,355,541 0
Total liabilities 64,820,516 47,129,054
Commitments and contingencies
Preferred stock, $0.01 par value per share, 500,000 shares authorized, -0- shares issued and outstanding 0 0
Common stock, $0.01 par value per share; 19,500,000 shares authorized, 10,328,379 and 10,309,236 shares issued and outstanding for 2020 and 2019, respectively, net of treasury stock, at cost, 1,235 and 1,004 shares for 2020 and 2019, respectively 73,834 75,775
Additional paid in capital 60,457,044 59,617,787
Retained earnings 5,049,748 8,763,428
Total stockholders’ equity 65,457,752 68,456,990
Total liabilities and stockholders’ equity $ 130,278,268 $ 115,586,044