SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 26, 2021

Revenue from External Customers by Geographic Areas

Concentration of Credit Risk

Concentration of credit risk is limited due to the Company's diverse client partner base and their dispersion across many different industries and geographic locations nationwide. No single client partner accounted for more than 10% of the Company’s accounts receivable as of September 26, 2021 and December 27, 2020 or revenue for the thirty-nine week periods ended September 26, 2021 and September 27, 2020. Geographic revenue in excess of 10% of the Company's consolidated revenue in Fiscal 2021 and the related percentage for Fiscal 2020 was generated in the following areas:


	Thirty-nine Weeks Ended
	September 26, 2021		September 27, 2020


Tennessee	11	%	14	%
Texas	28	%	23	%

Consequently, weakness in economic conditions in these regions could have a material adverse effect on the Company’s financial position and results of future operations.

Summary of Valuation Allowance

Changes in the allowance for credit losses are as follows:


	Thirteen Weeks Ended				Thirty-nine Weeks Ended
	September 26, 2021		September 27, 2020		September 26, 2021		September 27, 2020
Beginning balance	$	521,001	$	467,200	$	492,087	$	468,233
EdgeRock Technology Holdings, Inc. (“EdgeRock”) acquisition	—		—		—		47,498
Provision for credit losses, net	88,862		53,896		322,144		153,805
Amounts written off, net	(88,862)		(44,109)		(293,230)		(192,549)
Ending balance	$	521,001	$	476,987	$	521,001	$	476,987

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted earnings per share for the respective periods:


		Thirteen Weeks Ended		Thirty-nine Weeks Ended
		September 26, 2021	September 27, 2020	September 26, 2021	September 27, 2020
Weighted-average number of common shares outstanding:		10,380,900	10,312,939	10,351,319	10,309,457
Effect of dilutive securities:
	Stock options and restricted stock	46,212	13,554	53,581	—

Weighted-average number of diluted common shares outstanding		10,427,112	10,326,493	10,404,900	10,309,457

	Stock options and restricted stock	408,050	606,557	408,050	419,850
	Warrants	—	25,862	—	25,862
Antidilutive shares		408,050	632,419	408,050	445,712