Quarterly report pursuant to Section 13 or 15(d)

9. Inventory

9. Inventory
9 Months Ended
Sep. 29, 2018
Inventory Disclosure [Abstract]  

Note 9:          Inventories


Inventories, consisting principally of appliances, are stated at the lower of cost, determined on a specific identification basis, or net realizable value and consist of:


    September 29, 2018     December 30, 2017  
Appliances held for resale   $ 926     $ 762  


We provide estimated provisions for the obsolescence of our appliance inventories, including adjustments to net realizable value, based on various factors, including the age of such inventory and our management’s assessment of the need for such provisions. We look at historical inventory aging’s and margin analysis in determining our provision estimate.  A revised cost basis is used once a provision for obsolescence is recorded. For the period ended September 29, 2018 and December 30, 2017, there was no inventory obsolescence reserve.