v3.25.2
PROPERTY AND EQUIPMENT
6 Months Ended
Jun. 29, 2025
PROPERTY AND EQUIPMENT  
PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

 

Property and equipment consisted of the following: 

 

 

 

June 29,

2025

 

 

  December 29,

2024

 

Land

 

$435,239

 

 

$435,239

 

Equipment

 

 

3,985,458

 

 

 

4,149,525

 

Buildings and leasehold improvements

 

 

2,577,155

 

 

 

2,915,784

 

Total property and equipment

 

 

6,997,852

 

 

 

7,500,548

 

Accumulated depreciation

 

 

(3,586,034)

 

 

(3,575,663)

Net

 

 

3,411,818

 

 

 

3,924,885

 

Less – property held for sale

 

 

(682,894)

 

 

(258,751)

Less – impairment charge

 

 

-

 

 

 

(322,794)

Net property and equipment

 

$2,728,924

 

 

$3,343,340

 

 

Depreciation expense for the 26-week periods in 2025 and 2024 was $265,029 and $267,943, respectively. For the 13-week periods in 2025 and 2024, the depreciation expense was $136,770 and $133,951, respectively.