GOODWILL

12 Months Ended

Jan. 02, 2021

GOODWILL

4. GOODWILL

4. GOODWILL

The following is a roll-forward of goodwill for 2020 and 2019:

	Engineered			Diversified
	Solutions			Products			Total
2020
Beginning Balance	$	69,614,627		$	9,903,385		$	79,518,012
Investment in Hallink Moulds		2,302,000			-			2,302,000
Impairment Charge		(972,824	)		(4,002,548	)		(4,975,372	)
Foreign Exchange		50,375			-			50,375
Ending Balance	$	70,994,178		$	5,900,837		$	76,895,015
	Engineered			Diversified
	Solutions			Products			Total
2019
Beginning Balance	$	24,936,991		$	9,903,385		$	34,840,376
Investment in Big 3 Precision		44,636,744			-			44,636,744
Foreign Exchange		40,892			-			40,892
Ending Balance	$	69,614,627		$	9,903,385		$	79,518,012