BUSINESS ACQUISITIONS (Tables)

12 Months Ended

Jan. 02, 2021

BUSINESS ACQUISITIONS

Schedule of Intangible Assets

Asset Class/Description	Amount		Weighted-Average Period in Years
Patents, technology, and licenses
Customer relationships	$	2,345,000	6
Intellectual property		591,000	6
Non-compete agreements		1,001,000	5
	$	3,937,000

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

At August 30, 2019:

Consideration
Cash	$	338,714
Cash proceeds from debt		80,817,039
	$	81,155,753
Recognized amounts of identifiable assets acquired and liabilities assumed
Accounts receivable	$	13,649,937
Inventory		3,240,382
Prepaid and other assets		32,268
Property plant and equipment		13,770,170
Other noncurrent assets		1,337,337
Other intangible assets		21,054,000
Current liabilities		(4,910,384	)
Deferred revenue		(1,585,709	)
Income tax payable		(2,039,117	)
Note payable		(375,379	)
Deferred tax liabilities		(7,114,732	)
Total identifiable net assets		37,058,773
Goodwill		44,096,980
	$	81,155,753