Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Shareholders' Equity (Unaudited)

v3.19.3
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - 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 income (loss) 75,036 75,036
Foreign currency translation adjustment (203,146) (203,146)
Issuance of stock under the equity incentive plan $ 29 $ 134 (163)
Issuance of stock under the equity incentive plan, shares 29,550 134,583          
Stock-based compensation, net of cash settlements 112,090 112,090
Tax withholding obligations on stock issued to employees (226,250) (226,250)
Preferred stock dividends (775,332) (775,332)
Balance at Mar. 31, 2018 $ 1,116 $ 12,406 44,239,862 (21,990,229) (924,216) (662,000) 20,676,939
Balance, shares at Mar. 31, 2018 1,116,289 12,405,973          
Net income (loss) 195,280 195,280
Foreign currency translation adjustment (227,258) (227,258)
Stock-based compensation, net of cash settlements 364,710 364,710
Preferred stock dividends (1,248,717) (1,248,717)
Issuance of preferred stock, net of fees and expenses $ 420 9,354,490 9,354,910
Issuance of preferred stock, shares 420,000            
Balance at Jun. 30, 2018 $ 1,536 $ 12,406 52,710,345 (21,794,949) (1,151,474) (662,000) 29,115,864
Balance, shares at Jun. 30, 2018 1,536,289 12,405,973          
Net income (loss) (1,832,453) (1,832,453)
Foreign currency translation adjustment 175,032 175,032 [1]
Issuance of stock under the equity incentive plan $ 165 (165)
Issuance of stock under the equity incentive plan, shares   164,584          
Stock-based compensation, net of cash settlements 881,605 881,605
Tax withholding obligations on stock issued to employees (119,250) (119,250)
Preferred stock dividends (1,056,214) (1,056,214)
Issuance of preferred stock, shares            
Common stock warrants issued 101,989 101,989
Balance at Sep. 30, 2018 $ 1,536 $ 12,571 52,518,310 (23,627,402) (976,442) (662,000) 27,266,573
Balance, shares at Sep. 30, 2018 1,536,289 12,570,557          
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 income (loss) (295,691) (295,691)
Foreign currency translation adjustment 209,345 209,345
Issuance of stock under the equity incentive plan $ 26 $ 180 (206)
Issuance of stock under the equity incentive plan, shares 26,160 179,984          
Stock-based compensation, net of cash settlements 523,556 523,556
Tax withholding obligations on stock issued to employees (800,271) (800,271)
Preferred stock dividends (1,492,700) (1,492,700)
Balance at Mar. 31, 2019 $ 2,162 $ 12,751 63,372,839 (24,499,436) (1,211,723) (662,000) 37,014,593
Balance, shares at Mar. 31, 2019 2,162,449 12,750,541          
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 income (loss)             (1,204,207)
Foreign currency translation adjustment [1]             148,774
Balance at Sep. 30, 2019 $ 2,308 $ 12,953 64,743,714 (25,407,952) (1,272,294) (662,000) 37,416,729
Balance, shares at Sep. 30, 2019 2,307,633 12,953,122          
Balance at Mar. 31, 2019 $ 2,162 $ 12,751 63,372,839 (24,499,436) (1,211,723) (662,000) 37,014,593
Balance, shares at Mar. 31, 2019 2,162,449 12,750,541          
Net income (loss) (770,972) (770,972)
Foreign currency translation adjustment (762,563) (762,563)
Issuance of stock under the equity incentive plan $ 18 (18)
Issuance of stock under the equity incentive plan, shares   18,500          
Stock-based compensation, net of cash settlements 473,387 473,387
Tax withholding obligations on stock issued to employees (58,536) (58,536)
Preferred stock dividends (1,486,706) (1,486,706)
Balance at Jun. 30, 2019 $ 2,162 $ 12,769 62,300,966 (25,270,408) (1,974,286) (662,000) 34,409,203
Balance, shares at Jun. 30, 2019 2,162,449 12,769,041          
Net income (loss) (137,544) (137,544)
Foreign currency translation adjustment 701,992 701,992 [1]
Issuance of stock under the equity incentive plan $ 184 (184)
Issuance of stock under the equity incentive plan, shares 184,081          
Stock-based compensation, net of cash settlements 326,803 326,803
Preferred stock dividends (1,602,831) (1,602,831)
Issuance of preferred stock, net of fees and expenses $ 146 3,718,960 3,719,106
Issuance of preferred stock, shares 145,184            
Balance at Sep. 30, 2019 $ 2,308 $ 12,953 $ 64,743,714 $ (25,407,952) $ (1,272,294) $ (662,000) $ 37,416,729
Balance, shares at Sep. 30, 2019 2,307,633 12,953,122          
[1] No tax effect has been recorded as the Company recorded a valuation allowance against the tax benefit from its foreign currency translation adjustments.