XML 31 R2.htm IDEA: XBRL DOCUMENT v3.20.4
Balance Sheets - USD ($)
Dec. 26, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 195,203 $ 133,965
Accounts receivable-trade, net 2,914,800 4,086,945
Inventories, net 3,709,471 3,099,824
Prepaid expenses and other current assets 71,506 147,786
Total current assets 6,890,980 7,468,520
Property and equipment:    
Production equipment 10,265,471 9,649,169
Furniture and office equipment 568,846 508,423
Leasehold improvements 951,384 934,195
Total cost 11,785,701 11,091,787
Accumulated depreciation and amortization (10,558,816) (10,110,663)
Construction in progress 61,062 255,754
Net property and equipment 1,287,947 1,236,878
Right-of-use lease asset (note 4, leases) 25,000 171,000
Deferred taxes, net 117,000 147,873
Total assets 8,320,927 9,024,271
Current liabilities:    
Borrowings against line of credit 1,249,588
Notes payable, current portion 58,134
Accounts payable 909,291 1,436,417
Accrued expenses 804,091 815,166
Deferred revenue 12,177 21,110
Lease liability, current portion 25,000 148,000
Total current liabilities 1,808,693 3,670,281
Notes payable less current portion 154,570
Long term lease liability 23,000
Total liabilities 1,963,263 3,693,281
Stockholders’ Equity:    
Common stock, $0.01 par value, authorized 20,000,000 shares; issued 13,746,242 and 13,427,492 shares; outstanding 13,313,790 and 13,207,436; at December 26, 2020 and December 28, 2019, respectively 137,462 134,275
Additional paid-in capital 36,688,894 36,094,201
Accumulated deficit (29,472,369) (30,380,433)
Less cost of 432,452 and 220,056 common shares repurchased at December 26, 2020 and December 28, 2019, respectively (996,323) (517,053)
Total stockholders’ equity 6,357,664 5,330,990
[us-gaap:AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract]    
Total liabilities and stockholders’ equity $ 8,320,927 $ 9,024,271