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Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2023
Discontinued Operations  
Schedule of income from discontinued operations

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2023

 

 

October 1, 2022

 

 

September 30, 2023

 

 

October 1, 2022

 

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

 

(unaudited)

 

Net sales

 

$-

 

 

$2,516,064

 

 

$-

 

 

$7,356,491

 

Cost of products sold

 

 

-

 

 

 

(1,656,694)

 

 

-

 

 

 

(4,943,751)

Gross margin

 

 

-

 

 

 

859,370

 

 

 

-

 

 

 

2,412,740

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative expenses

 

 

-

 

 

 

(311,190)

 

 

-

 

 

 

(857,747)

Operating income

 

 

-

 

 

 

548,180

 

 

 

-

 

 

 

1,554,993

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

-

 

 

 

(52,360)

 

 

-

 

 

 

(128,424)

Gain from discontinued operations before income taxes

 

 

-

 

 

 

495,820

 

 

 

-

 

 

 

1,426,569

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income tax expense

 

 

-

 

 

 

(133,500)

 

 

-

 

 

 

(384,104)

Income from discontinued operations, net of tax

 

$-

 

 

$362,320

 

 

$-

 

 

$1,042,465