LOSS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 26, 2020

Earnings Per Share [Abstract]

Schedule of Common Share Equivalent Basis and Outstanding Excluded from per Share Computations of Antidilutive

Diluted earnings per share are computed using the weighted average number of common stock shares and dilutive common stock equivalents outstanding during the period. Dilutive common stock equivalents consist of shares of common stock issuable upon the conversion of preferred stock, convertible notes, unvested equity awards and the exercise of stock options and warrants (calculated using the modified treasury stock method).  Such securities, shown below, presented on a common stock equivalent basis and outstanding as of September 26, 2020 and September 28, 2019 have not been included in the diluted earnings per share computations, as their inclusion would be anti-dilutive due to the Company’s net loss as of September 26, 2020 and September 28, 2019:

	September 26,		September 28,
	2020		2019
Convertible preferred shares		8,064,732		7,688,175
Warrants		1,015,934		925,935
Restricted shares - unvested		212,815		495,690
Long term incentive plan (2019 LTIP)		370,000		380,000
Options		76,500		79,560
Total		9,739,981		9,569,360