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(8) Income Taxes
9 Months Ended
Sep. 27, 2014
Income Tax Disclosure [Abstract]  
(8) Income Taxes

(8) Income Taxes

At December 28, 2013, the Company had approximately $1.71 million of net operating loss carryforwards available to offset future income for U.S. Federal income tax purpose.

 

The Company has a current and non-current deferred tax asset aggregating $2,255 thousand and $2,476 thousand on the Company’s balance sheet at September 27, 2014 and December 28, 2013, respectively. A valuation allowance is required to be established or maintained when it is "more likely than not" that all or a portion of deferred tax assets will not be realized. The Company believes that it will generate sufficient future taxable income to realize the tax benefits related to the remaining deferred tax assets and as such no valuation allowance has been provided against the deferred tax asset.