Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Shareholders' Equity

v3.19.3.a.u2
Consolidated Statements of Shareholders' Equity - USD ($)
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Loss [Member]
Treasury (Common) Stock [Member]
Total
Balance at Dec. 29, 2017 $ 1,087 $ 12,272 $ 45,129,517 $ (23,509,386) $ (721,070) $ (662,000) $ 20,250,420
Balance, shares at Dec. 29, 2017 1,086,739 12,271,390          
Cumulative effect of adopting ASC 606 1,444,121 1,444,121
Balance at Jan. 02, 2018 $ 1,087 $ 12,272 45,129,517 (22,065,265) (721,070) (662,000) 21,694,541
Balance, shares at Jan. 02, 2018 1,086,739 12,271,390          
Net loss (2,138,480) (2,138,480)
Foreign currency translation adjustment (699,998) (699,998)
Issuance of stock under the equity incentive plan $ 29 $ 299 (328)
Issuance of stock under the equity incentive plan, shares 29,550 299,167          
Common stock warrants issued 101,989 101,989
Stock-based compensation, net of cash settlements 2,264,223 2,264,223
Tax withholding obligations on stock issued to employees (345,500) (345,500)
Issuance of preferred stock, net of fees and expenses $ 1,020 22,816,546 22,817,566
Issuance of preferred stock, net of fees and expenses, shares 1,020,000          
Preferred stock dividends [1] (4,823,987) (4,823,987)
Balance at Dec. 31, 2018 $ 2,136 $ 12,571 65,142,460 (24,203,745) (1,421,068) (662,000) 38,870,354
Balance, shares at Dec. 31, 2018 2,136,289 12,570,557          
Net loss (871,800) (871,800)
Foreign currency translation adjustment 578,054 578,054 [2]
Issuance of stock under the equity incentive plan $ 30 $ 408 (438)
Issuance of stock under the equity incentive plan, shares 30,006 407,928          
Stock-based compensation, net of cash settlements 1,920,533 1,920,533
Tax withholding obligations on stock issued to employees (858,804) (858,804)
Issuance of preferred stock, net of fees and expenses $ 373 9,585,769 9,586,142
Issuance of preferred stock, net of fees and expenses, shares 373,030            
Preferred stock dividends [1] (6,386,154) (6,386,154)
Balance at Dec. 31, 2019 $ 2,539 $ 12,979 $ 69,403,366 $ (25,075,545) $ (843,014) $ (662,000) $ 42,838,325
Balance, shares at Dec. 31, 2019 2,539,325 12,978,485          
[1] For all periods presented, the preferred stock dividends were paid monthly at the rate of $2.75 per share per annum.
[2] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.