XML 40 R26.htm IDEA: XBRL DOCUMENT v3.24.1
SUBSEQUENT EVENTS
12 Months Ended
Dec. 30, 2023
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

NOTE 20 – SUBSEQUENT EVENTS

 

                The Company has evaluated subsequent events through the date these financial statements were issued. The Company determined there were no events, other than as described below, that required disclosure or recognition in these financial statements.

 

                Priority Agreement

 

                On January 23, 2024, the Company terminated the invoice factoring agreement with FundThrough USA, Inc.

 

Trade Receivable Settlement

 

On February 14, 2024, the Company entered into a settlement and release agreement with a client for indebtedness relating to unpaid invoices.

 

Credit Agreement

 

On January 30, 2024, the Company borrowed an additional $0.2 million under the Credit Agreement with Alliance.