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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jul. 04, 2021
Jan. 03, 2021
Dec. 29, 2019
CURRENT ASSETS      
Cash $ 1,720,917 $ 1,321,244 $ 258,101
Receivables 31,751 19,030 15,363
Inventory 70,489 60,576 56,432
Prepaid expenses and other current assets 20,429 5,348 6,928
Total current assets 1,843,586 1,406,198 336,824
PROPERTY AND EQUIPMENT, net 1,587,200 1,632,457 1,650,012
LAND AND BUILDINGS HELD FOR SALE 258,751 258,751 449,244
INVESTMENT IN RELATED COMPANY 75,000 75,000 179,000
OTHER ASSETS, net 15,625 16,759 18,459
Total assets 3,780,162 3,389,165 2,633,539
CURRENT LIABILITIES      
Current maturities of long-term debt 174,350 245,306 277,666
Accounts payable 398,301 270,487 321,855
Accrued expenses 259,660 420,734 206,400
Income taxes payable 112,972 97,978 2,898
Total current liabilities 945,283 1,034,505 808,819
LONG-TERM DEBT, less current maturities 3,043,762 2,938,983 3,221,035
DEFERRED INCOME TAXES 146,000 118,000 98,000
Total liabilities 4,135,045 4,091,488 4,127,854
SHAREHOLDERS' DEFICIT      
Preferred stock, $.001 par value, 2,000,000 shares authorized, no shares outstanding at July 4, 2021 and January 3, 2021 0 0  
Common stock, $.002 par value, 50,000,000 authorized, 4,047,502 shares outstanding at July 4, 2021 and January 3, 2021 8,095 8,095 8,095
Additional paid-in capital 497,671 497,671 497,671
Accumulated deficit (860,649) (1,208,089) (2,000,081)
Total shareholders' deficit (354,883) (702,323) (1,396,315)
Total liabilities and shareholders' deficit $ 3,780,162 $ 3,389,165 $ 2,633,539