Note 11 - Commitments
|9 Months Ended|
Oct. 02, 2016
|Notes to Financial Statements|
|Commitments and Contingencies Disclosure [Text Block]||
Purchase obligations not recorded on the balance sheet as at October 2, 2016 consist of open non-cancellable purchase orders for raw materials for $15,753 (September 27, 2015 - $18,538), which are expected to be received within 12 months of the purchase order issue date.
The Company executed two new facility lease agreements located in Fremont, California during the quarter. One location represents a lease term of three years commencing on October 1, 2016 for approximately 46,940 rentable square feet with a base rent of $46 per month with an escalation factor each year thereafter. The second location represents a lease term of five years commencing on August 1, 2016 for approximately 20,828 rentable square feet with a base rent of $23 per month with an escalation factor each year thereafter. The Company plans to transfer current operations in the San Jose, California leased location to these two new facilities by the end of the fourth quarter of 2016. The current San Jose facility lease expires on December 31, 2016.
The entire disclosure for commitments and contingencies.
Reference 1: http://www.xbrl.org/2003/role/presentationRef