Warrants

3 Months Ended

Apr. 02, 2016

Warrants

Warrants

The following table summarizes activity of warrants at April 2, 2016 and changes during the three months then ended:

		Weighted Average
			Remaining	Aggregate
	Number of	Exercise	Contractual	Intrinsic
	Shares	Price	Term	Value
Outstanding at January 2, 2016	423,007	$             4.02	3.07
Warrants Issued	64,103	$            4.80
Warrants Exercised	-	-
Warrants Expired	-	-
Outstanding and exercisable at April 2, 2016	487,110	$            4.12	2.83	$171,000

The aggregate intrinsic value in the table above is based on the Company’s stock price of $4.29, which is the closing price of the Company’s stock adjusted for the effect of 1 for 3 reverse split, on the last day of business for the period ended April 2, 2016.