Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Earnings (Loss) Per Common Share (Details Textual)

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Note 7 - Earnings (Loss) Per Common Share (Details Textual) - $ / shares
 3 Months Ended 9 Months Ended
Oct. 02, 2016
Sep. 27, 2015
Oct. 02, 2016
Sep. 27, 2015
Treasury Stock Method Dilutive Options Average Share Price Used $ 1.52   $ 1.47  
Weighted Average Number Diluted Shares Outstanding Adjustment If there had Been Net Income 1,046,730      
Weighted Average Number Diluted Shares Outstanding Adjustment [1],[2],[3] 1,048,074
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants   0   0
Options Outstanding Considered in the Money   0   0
[1] Dilutive options were determined using the treasury stock method, using an average price of $1.52 per share for three months ended October 2, 2016. As a result of the net loss for the three months ended October 2, 2016, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net income for the three months ended October 2, 2016, dilutive stock awards would have been calculated as 1,046,730. For the nine months ended October 2, 2016, dilutive options were determined using the treasury stock method, using an average price of $1.47 per share. Total dilutive stock awards were calculated as 1,048,074.
[2] Dilutive stock awards include outstanding RSU’s and in-the money stock options determined using the treasury stock method
[3] For the three months and nine months ended September 27, 2015, as a result of the net loss, diluted earnings per share was calculated using the basic weighted average shares outstanding as the effect of potential common shares would have been anti-dilutive. Had there been net income for the three and nine months ended September 27, 2015, there still would be no dilutive stock awards as no outstanding stock options were considered in the money.