Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

v3.23.1
Property and Equipment
 9 Months Ended
Oct. 01, 2022
Property, Plant and Equipment [Abstract]  
Property and Equipment

Note 8: Property and Equipment

Property and equipment as of October 1, 2022 and January 1, 2022 consist of the following (in $000’s):

 

 

 

Useful Life
(Years)

 

October 1,
2022

 

 

January 1,
2022

 

Buildings and improvements

 

3-30

 

$

85

 

 

$

80

 

Equipment

 

3-15

 

 

3,664

 

 

 

3,638

 

Projects under construction

 

 

 

 

1,556

 

 

 

851

 

Property and equipment

 

 

 

 

5,305

 

 

 

4,569

 

Less accumulated depreciation and amortization

 

 

 

 

(2,649

)

 

 

(2,456

)

Total property and equipment, net

 

 

 

$

2,656

 

 

$

2,113

 

 

Depreciation expense was approximately $35,000 and $53,000 for the 13 weeks ended October 1, 2022 and October 2, 2021, respectively, and $193,000 and $128,000 for the 39 weeks ended October 1, 2022 and October 2, 2021, respectively.