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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (Tables)
3 Months Ended
Jun. 28, 2019
Accounting Policies [Abstract]  
Schedule of Percentage of Company sales

The Company’s disaggregated revenue, as of June 28, 2019 and June 29, 2018, respectively, by geographical location is as follows:

 

   Three Months Ended as of  Three Months ended as of
   June 28, 2019  June 29, 2018
       
Domestic  $6,182,564   $8,260,806 
International   1,384,834    783,000 
Total  $7,567,398   $9,043,806 
Schedule of funds on deposit

As the Company reported net income for both the years ended June 28, 2019 and June 29, 2018, respectively, basic and diluted income per share are calculated separately as follows:

 

   Three months
ended
6/28/2019
   Three months
ended
6/29/2018
 
         
NET INCOME  $909,533   $2,259,285 
           
BASIC EARNINGS PER COMMON SHARE  $.39   $.98 
           
FULLY DILUTED EARNINGS PER SHARE  $.37   $.95 
           
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING-BASIC
   2,323,468    2,314,897 
 DILUTIVE EFFECT OF OPTIONS GRANTED   116,210    67,539 
WEIGHTED AVERAGE NUMBER OF
COMMON SHARES OUTSTANDING-FULLY DILUTED
   2,439,678    2,382,436
Schedule of Deferred Lease Liability

Presented below are the balances of ROU asset and the corresponding deferred lease liability and resultant amortization as of April 1, 2019 and June 28, 2019. The present value was calculated using an interest rate of six (6%) percent.

 

 

  

ROU

Asset

  

Deferred Lease

Liability

  

 

Amortization

 
April 1, 2019  $301,957   $301,957     
June 28, 2019   234,249    255,127    47,708 

 

Schedule of Future Lease Commitments

Future lease commitments to be paid by us as of June 28, 2019 were as follows:

 

   Payments      
Fiscal year  Operating Leases  Interest  Total
2020(a)  $142,740   $387   $143,127 
2021   128,480    (1,256)   127,224 
                
Total lease commitments  $271,220   $(869)  $270,351 

 

(a) Represents the remainder of fiscal year 2020 which excludes the three months ended June 29, 2019.