Note 3 - Cash, Cash Equivalents and Restricted Cash

12 Months Ended

Dec. 28, 2024

Notes to Financial Statements

Cash and Cash Equivalents Disclosure [Text Block]

(3) Cash, Cash Equivalents and Restricted Cash

Our cash and cash equivalents are carried at fair value and consist primarily of cash, money market funds, cash deposits with commercial banks, U.S. government bonds and notes, and highly rated direct short-term instruments with an original maturity of 90 days or less. The Company has a restricted cash account in the amount of $84,715, as of December 28, 2024 to cover an open letter of credit for overseas purchases. Upon presentation of documents evidencing shipment of these goods, the issuing bank will draw on this account and make payment to the vendor. There was no restricted cash as of December 30, 2023.

	December 28, 2024		December 30, 2023
Cash and cash equivalents	$	3,280,687	$	8,813,626
Restricted cash1	$	84,715		–
Total cash, cash equivalents and restricted cash	$	3,365,402	$	8,813,626

(1) Recognized in prepaid expenses and other current assets on our Balance Sheet.