Quarterly report pursuant to Section 13 or 15(d)

Sale of ARCA and Connexx - Additional Information (Details)

v3.23.1
Sale of ARCA and Connexx - Additional Information (Details)
 3 Months Ended
Apr. 01, 2023
USD ($)
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Guaranteed consideration description The minimum consideration to be received by the Company from the Disposition Transaction, as discussed above, is $1.6 million per year for 15 years, or $24.0 million in the aggregate, plus cash of $3,000 paid at close.
Monthly payment description Each monthly payment is to be the greater of (a) $140,000 (or $100,000 for each January and February during the 15-year payment period) or (b) a monthly percentage-based payment, which is an amount calculated as follows: (i) 5% of the Subsidiaries’ aggregate gross revenues up to $2,000,000 for the relevant month, plus (ii) 4% of the Subsidiaries’ aggregate gross revenues between $2,000,000 and $3,000,000 for the relevant month, plus (iii) 3% of the Subsidiaries aggregate gross revenues over $3,000,000 for the relevant month.
Discount Rate Percentage 20.00%
Discount Recorded As Offset To The Principal Amount $ 6,000,000.0
Aggregate monthly payments from the Buyer 24,000,000.0
Redunction in liabilities 17,600,000
Asssets disposed of, Escess of assets 9,800,000
Asset Acquisition, Contingent Consideration 6,000,000.0
Consideration paid at close of transactions 3,000
ARCA and Connexx Sale | Internal Revenue Service  
Income Statement Balance Sheet And Additional Disclosures By Disposal Groups Including Discontinued Operations [Line Items]  
Aggregate amount $ 931,000
Amount of the reduction percentage 50.00%
ERC payable amount $ 454,000
ERC payments due amount $ 477,000,000