Quarterly report pursuant to Section 13 or 15(d)

Sale of GeoTraq (Tables)

v3.22.2.2
Sale of GeoTraq (Tables)
6 Months Ended
Jul. 02, 2022
Sale of GeoTraq [Abstract]  
Schedule of illustrates calculation gain on sale of GeoTraq

The following table illustrates the calculation of the gain on sale of GeoTraq, as shown on the income statement (in $000's):

 

Purchase price

 

$

13,500

 

Discount on note receivable

 

 

(1,350

)

Premium on shares received

 

 

46

 

Derecognition of GeoTraq inventory

 

 

(105

)

Gain on sale

 

$

12,091