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PROPERTY AND EQUIPMENT
6 Months Ended
Jul. 03, 2022
PROPERTY AND EQUIPMENT  
NOTE 3 - PROPERTY AND EQUIPMENT

NOTE 4 PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following:

 

 

 

July 3, 2022

 

 

January 2, 2022

 

Land

 

$485,239

 

 

$485,239

 

Equipment

 

 

3,417,413

 

 

 

2,674,529

 

Buildings and leasehold improvements

 

 

1,998,516

 

 

 

1,322,085

 

 

 

 

 

 

 

 

 

 

Total property and  equipment

 

 

5,901,168

 

 

 

4,481,853

 

Accumulated depreciation

 

 

(2,680,610)

 

 

(2,630,764)

Less - property held for sale

 

 

(258,751)

 

 

(258,751)

Net property and equipment

 

$2,961,807

 

 

$1,592,338

 

 

Depreciation expense for the 26-week periods in 2022 and 2021 was $177,676 and $113,394, respectively.