v3.26.1
INTANGIBLE ASSETS
6 Months Ended
Jun. 28, 2026
INTANGIBLE ASSETS  
INTANGIBLE ASSETS

NOTE 2 – INTANGIBLE ASSETS

 

At June 28, 2026, and December 28, 2025, the value of acquired intangible assets subject to amortization consisted of the following:

 

 

 

Estimated

 

 

 

 

 

 

 

 

Net

 

 

 

Life

 

 

Original

 

 

Accumulated

 

 

Carrying

 

June 28, 2026

 

(Years)

 

 

Cost

 

 

Amortization

 

 

Value

 

Covenants not to compete

 

 

3

 

 

$100,000

 

 

$(69,444)

 

$30,556

 

Tradenames

 

 

15

 

 

 

344,000

 

 

 

(97,419)

 

 

246,581

 

 

 

 

 

 

 

$444,000

 

 

$(166,863)

 

$277,137

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

Net

 

 

 

Life

 

 

Original

 

 

Accumulated

 

 

Carrying

 

December 28, 2025

 

(Years)

 

 

Cost

 

 

Amortization

 

 

Value

 

Covenants not to compete

 

 

3

 

 

$100,000

 

 

$(41,542)

 

$58,458

 

Tradenames

 

 

15

 

 

 

344,000

 

 

 

(97,188)

 

 

246,812

 

 

 

 

 

 

 

$444,000

 

 

$(138,730)

 

$305,270

 

 

The total remaining amortization of intangible assets, including the covenants not to compete, will approximate $28,100 in 2026, $36,800 in 2027, and $23,000 per year through 2036 and approximately $5,200 in 2037.

 

The total amortization expense was $14,067 and $28,133, respectively, for the 13-week and 26-week periods in 2026. The total amortization expense was $19,625 and $36,091, respectively, for the 13-week and 26-week periods in 2025.