Leases

12 Months Ended

Dec. 26, 2020

Leases [Abstract]

Leases

3. Leases

The Company enters into operating leases primarily for manufacturing, engineering, research, administration and sales facilities, and information technology (“IT”) equipment. At December 26, 2020 and December 28, 2019, the Company did not have any finance leases. Almost all of our future lease commitments, and related lease liability, relate to the Company’s facility leases. Some of the Company’s leases include options to extend or terminate the lease.

	2020
Operating lease cost	$	1,155,967

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)

At December 26, 2020, the Company’s future lease payments under non-cancellable leases were as follows:

2021	1,065,879
2022	657,084
2023	201,333
Total future lease payments	1,924,296
Less imputed interest	(115,546	)
Total	1,808,750

Supplemental cash flow information related to leases was as follows:

	2020
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,196,386

Other information related to leases was as follows:

	2020
Weighted Average Discount Rate—Operating Leases		6.15	%
Weighted Average Remaining Lease Term—Operating Leases (in years)		2.22

Supplemental Information for Comparative Periods

Prior to December 30, 2018, the Company accounted for its leases in accordance with Topic 840, Leases. The Company leases various facilities.

Amounts incurred under operating leases are recorded as rent expense on a straight-line basis. Total rent expense in the fiscal year ended 2018 was approximately $1.4 million.