Quarterly report pursuant to Section 13 or 15(d)

6. Inventory

6. Inventory
3 Months Ended
Mar. 30, 2019
Inventory Disclosure [Abstract]  

Note 6:       Inventory


Appliances held for sale are stated at the lower of cost, determined on a specific identification basis, or market. Inventory raw material - chips, are stated at the lower of average cost or market. Total inventory consists of the following as of March 30, 2019 and December 29, 2018:


    March 30, 2019     December 29, 2018  
Appliances held for resale   $ 775     $ 801  
Inventory - raw material - chips     200        
Total inventory   $ 975     $ 801  


We provide estimated provisions for the obsolescence of inventories, including adjustments to market, 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 reports and margin analyses in determining our provision estimate. A revised cost basis is used once a provision for obsolescence is recorded. At March 30, 2019 and December 29, 2018, we do not have an inventory reserve.