Summary of Property and Equipment |
|
|
|
|
|
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
|
|
Useful Life |
|
|
|
|
|
|
|
|
(Years) |
|
2021 |
|
2020 |
Leasehold improvements |
|
life of lease |
|
|
11,773 |
|
|
11,506 |
Machinery and equipment |
|
2 – 0 |
|
|
366,198 |
|
|
334,643 |
Computer equipment and software |
|
2 – 5 |
|
|
64,648 |
|
|
61,737 |
Furniture and fixtures |
|
6 – 8 |
|
|
5,390 |
|
|
5,467 |
Construction in process |
|
|
|
|
10,372 |
|
|
5,352 |
Property and equipment, gross |
|
|
|
|
458,381 |
|
|
418,705 |
Less: Accumulated depreciation |
|
|
|
|
284,069 |
|
|
236,031 |
Property and equipment, net |
|
|
|
$ |
174,312 |
|
$ |
182,674 |
|
Schedule of Intangible Assets |
Other intangibles, net, as of December 25, 2021 and December 26, 2020 consist of the following:
|
|
|
|
|
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
|
|
Useful Life |
|
|
|
|
|
|
(Years) |
|
December 25, 2021 |
|
December 26, 2020 |
Customer relationships |
|
13 – 20 |
|
$ |
965,054 |
|
$ |
941,648 |
Trademarks – indefinite |
|
Indefinite |
|
|
85,591 |
|
|
85,603 |
Trademarks – other |
|
7 – 15 |
|
|
29,000 |
|
|
26,400 |
Technology and patents |
|
8 – 12 |
|
|
67,750 |
|
|
63,749 |
Intangible assets, gross |
|
|
|
|
1,147,395 |
|
|
1,117,400 |
Less: Accumulated amortization |
|
|
|
|
352,695 |
|
|
291,434 |
Intangible assets, net |
|
|
|
$ |
794,700 |
|
$ |
825,966 |
|
Schedule of Intangible Assets |
Other intangibles, net, as of December 25, 2021 and December 26, 2020 consist of the following:
|
|
|
|
|
|
|
|
|
|
|
Estimated |
|
|
|
|
|
|
|
|
Useful Life |
|
|
|
|
|
|
(Years) |
|
December 25, 2021 |
|
December 26, 2020 |
Customer relationships |
|
13 – 20 |
|
$ |
965,054 |
|
$ |
941,648 |
Trademarks – indefinite |
|
Indefinite |
|
|
85,591 |
|
|
85,603 |
Trademarks – other |
|
7 – 15 |
|
|
29,000 |
|
|
26,400 |
Technology and patents |
|
8 – 12 |
|
|
67,750 |
|
|
63,749 |
Intangible assets, gross |
|
|
|
|
1,147,395 |
|
|
1,117,400 |
Less: Accumulated amortization |
|
|
|
|
352,695 |
|
|
291,434 |
Intangible assets, net |
|
|
|
$ |
794,700 |
|
$ |
825,966 |
|
Summary of Disaggregation of Revenue |
The following table disaggregates our revenue by product category:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hardware and |
|
Robotics and |
|
|
|
|
|
|
|
Protective Solutions |
|
Digital Solutions |
|
Canada |
|
Total Revenue |
Year Ended December 25, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
Fastening and Hardware |
|
$ |
740,088 |
|
$ |
— |
|
$ |
149,165 |
|
$ |
889,253 |
Personal Protective |
|
|
284,886 |
|
|
— |
|
|
397 |
|
|
285,283 |
Keys and Key Accessories |
|
|
— |
|
|
190,697 |
|
|
1,826 |
|
|
192,523 |
Engraving |
|
|
— |
|
|
58,555 |
|
|
77 |
|
|
58,632 |
Resharp |
|
|
— |
|
|
276 |
|
|
— |
|
|
276 |
Consolidated |
|
$ |
1,024,974 |
|
$ |
249,528 |
|
$ |
151,465 |
|
$ |
1,425,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 26, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
Fastening and Hardware |
|
$ |
706,865 |
|
$ |
— |
|
$ |
131,493 |
|
$ |
838,358 |
Personal Protective |
|
|
317,527 |
|
|
— |
|
|
239 |
|
|
317,766 |
Keys and Key Accessories |
|
|
— |
|
|
157,828 |
|
|
2,878 |
|
|
160,706 |
Engraving |
|
|
— |
|
|
51,423 |
|
|
6 |
|
|
51,429 |
Resharp |
|
|
— |
|
|
36 |
|
|
— |
|
|
36 |
Consolidated |
|
$ |
1,024,392 |
|
$ |
209,287 |
|
$ |
134,616 |
|
$ |
1,368,295 |
Year Ended December 28, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
Fastening and Hardware |
|
$ |
607,247 |
|
$ |
— |
|
$ |
121,242 |
|
$ |
728,489 |
Personal Protective |
|
|
245,769 |
|
|
— |
|
|
— |
|
|
245,769 |
Keys and Key Accessories |
|
|
— |
|
|
185,451 |
|
|
4,009 |
|
|
189,460 |
Engraving |
|
|
— |
|
|
50,613 |
|
|
9 |
|
|
50,622 |
Resharp |
|
|
— |
|
|
22 |
|
|
— |
|
|
22 |
Consolidated |
|
$ |
853,016 |
|
$ |
236,086 |
|
$ |
125,260 |
|
$ |
1,214,362 |
The following table disaggregates our revenue by geographic location:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hardware and |
|
Robotics and |
|
|
|
|
|
|
|
Protective Solutions |
|
Digital Solutions |
|
Canada |
|
Total Revenue |
Year Ended December 25, 2021 |
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
1,004,803 |
|
$ |
246,494 |
|
$ |
— |
|
$ |
1,251,297 |
Canada |
|
|
7,326 |
|
|
3,034 |
|
|
151,465 |
|
|
161,825 |
Mexico |
|
|
12,845 |
|
|
— |
|
|
— |
|
|
12,845 |
Consolidated |
|
$ |
1,024,974 |
|
$ |
249,528 |
|
$ |
151,465 |
|
$ |
1,425,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 26, 2020 |
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
1,007,135 |
|
$ |
207,283 |
|
$ |
— |
|
$ |
1,214,418 |
Canada |
|
|
7,789 |
|
|
2,004 |
|
|
134,616 |
|
|
144,409 |
Mexico |
|
|
9,468 |
|
|
— |
|
|
— |
|
|
9,468 |
Consolidated |
|
$ |
1,024,392 |
|
$ |
209,287 |
|
$ |
134,616 |
|
$ |
1,368,295 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended December 28, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
$ |
835,957 |
|
$ |
234,216 |
|
$ |
— |
|
$ |
1,070,173 |
Canada |
|
|
5,905 |
|
|
1,870 |
|
|
125,260 |
|
|
133,035 |
Mexico |
|
|
11,154 |
|
|
— |
|
|
— |
|
|
11,154 |
Consolidated |
|
$ |
853,016 |
|
$ |
236,086 |
|
$ |
125,260 |
|
$ |
1,214,362 |
|