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Discontinued Operations (Tables)
6 Months Ended
Jul. 01, 2023
Discontinued Operations  
Schedule of income from discontinued operations

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

July 1, 2023

 

 

July 2, 2022

 

 

July 1, 2023

 

 

July 2, 2022

 

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Net sales

 

$-

 

 

$2,473,201

 

 

$-

 

 

$4,840,427

 

Cost of products sold

 

 

-

 

 

 

(1,683,295)

 

 

-

 

 

 

(3,287,057)

Gross margin

 

 

-

 

 

 

789,906

 

 

 

-

 

 

 

1,553,370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

-

 

 

 

(289,497)

 

 

-

 

 

 

(546,557)

Operating income (loss)

 

 

-

 

 

 

500,409

 

 

 

-

 

 

 

1,006,813

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

-

 

 

 

(40,846)

 

 

-

 

 

 

(76,064)

Gain (Loss) from discontinued operations before income taxes

 

 

-

 

 

 

459,563

 

 

 

-

 

 

 

930,749

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax (expense) benefit

 

 

-

 

 

 

(123,737)

 

 

-

 

 

 

(250,604)

Income (loss) from discontinued operations, net of tax

 

$-

 

 

$335,826

 

 

$-

 

 

$680,145