Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Assessment of Liquidity Risk

Note 10 - Assessment of Liquidity Risk
3 Months Ended
Apr. 01, 2018
Notes to Financial Statements  
Substantial Doubt about Going Concern [Text Block]
Assessment of Liquidity Risk
As at
April 1, 2018,
the Company’s liquidity is comprised of
(as at
December 31, 2017,
) in cash on hand and
(as at
December 31, 2017,
) of funds available to borrow under the PNC Revolving Credit Facility (as defined in Note
). In addition, the Company negotiated the Thirteenth Amendment to the PNC Facilities, which provides additional capital of up to
(subject to a limit of
in the aggregate for loans advanced for the purchase of equipment which will be located specifically in Mexico) to acquire capital equipment to support the Company’s growth primarily in the Mexico facility. The Company is in compliance with the financial covenants included in the PNC Facilities as at
April 1, 2018.
Based on management’s updated forecasted cash flows, the Company anticipates that it will continue to be in compliance with the amended financial covenants in the PNC Facilities for fiscal
and beyond.  
Management believes that the Company will be able to satisfy its liquidity needs, for at least but
limited to, the
months from the issuance date of these financial statements.