Discontinued Operations (Tables)

9 Months Ended

Oct. 01, 2022

Discontinued Operations (see note B)

Schedule Income From Discontinued Operations

	Three Months Ended						Nine Months Ended
	October 1, 2022			October 2, 2021			October 1, 2022			October 2, 2021
	(unaudited)			(unaudited)			(unaudited)			(unaudited)
Net sales	$	2,516,064		$	11,477,553		$	7,356,491		$	36,495,452
Cost of products sold		(1,656,694	)		(8,749,365	)		(4,943,751	)		(29,793,971	)
Gross margin		859,370			2,728,188			2,412,740			6,701,481
Selling, general and administrative expenses		(311,190	)		(1,093,716	)		(857,747	)		(3,407,113	)
Gain (loss) on classification of assets as held for sale					1,308,639						(9,274,439	)
Operating income (loss)		548,180			2,943,111			1,554,993			(5,980,071	)
Interest expense		(52,360	)		(142,409	)		(128,424	)		(462,838	)
Gain (loss) from discontinued operations before income taxes		495,820			2,800,702			1,426,569			(6,442,909	)
Income tax (expense) benefit		(133,500	)		(659,285	)		(384,104	)		1,516,661
Income (loss) from discontinued operations, net of tax	$	362,320		$	2,141,417		$	1,042,465		$	(4,926,248	)

Schedule Of Assets And Liabilities From Discontinued Operations

	October 1, 2022		January 1, 2022
	(unaudited)
Cash	$	376,835	$	434,126
Accounts receivable		963,659		1,153,274
Inventory		2,905,947		1,258,032
Prepaid expenses		61,183		59,850
Property, plant and equipment, net		529,941		591,920
Right of use assets		233,638		24,697
Total assets of discontinued operations¹	$	5,071,203	$	3,521,899
Accounts payable	$	79,711	$	167,794
Accrued compensation and other accrued expenses		263,769		388,499
Current portion of lease liability		93,455		24,697
Other long-term liabilities		140,183		-
Total liabilities of discontinued operations¹	$	577,118	$	580,990