Discontinued Operations (Tables)

3 Months Ended

Apr. 02, 2022

Discontinued Operations (see Note B )

Schedule Income From Discontinued Operations

	Three Months Ended
	April 2, 2022			April 3, 2021
	(unaudited)			(unaudited)
Net sales	$	2,367,226		$	11,324,442
Cost of products sold		(1,603,762	)		(9,904,720	)
Gross margin		763,464			1,419,722
Selling and administrative expenses		(257,060	)		(1,032,827	)
Operating income		506,404			386,895
Interest expense		(35,217	)		(175,714	)
Income from discontinued operations before income taxes		471,187			211,181
Income tax expense		(126,867	)		(49,712	)
Income from discontinued operations, net of tax	$	344,320		$	161,469

Schedule Of Assets And Liabilities From Discontinued Operations

	April 2, 2022		January 1, 2022
	(unaudited)
Cash	$	128,548	$	434,126
Accounts receivable		1,112,294		1,153,274
Inventory		2,539,551		1,258,032
Prepaid expenses		43,293		59,850
Property, plant and equipment, net		571,260		591,920
Right of use assets		276,969		24,697
Total assets of discontinued operations¹	$	4,671,915	$	3,521,899
Accounts payable	$	566,653	$	167,794
Accrued compensation and other accrued expenses		382,795		388,499
Current portion of lease liability		92,323		24,697
Other long-term liabilities		184,646		-
Total liabilities of discontinued operations¹	$	1,226,417	$	580,990