Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets

v3.21.2
Consolidated Balance Sheets - USD ($)
Jun. 26, 2021
Dec. 26, 2020
Current Assets    
Cash $ 15,287,621 $ 45,254,655
Accounts receivable, less allowance for doubtful accounts; $3,819,000 and $4,485,000, at June 26, 2021 and December 26, 2020, respectively 79,557,005 75,135,295
Costs and estimated earnings in excess of billing on uncompleted contracts 16,614,552 11,398,934
Inventory, net 36,289,253 25,281,521
Prepaid expenses 8,443,195 5,949,711
Other current assets 2,322,802 5,192,386
Total current assets 158,514,428 168,212,502
Property and equipment, net 31,682,826 30,970,507
Other intangibles, net 16,627,892 17,387,745
Goodwill 260,275,193 259,422,822
Deferred tax asset 78,435,843  
Other assets 1,759,222 2,415,243
Total assets 930,677,988 873,478,745
Current Liabilities    
Accounts payable 45,316,067 29,889,057
Billing in excess of costs and estimated earnings on uncompleted contracts 21,612,809 21,525,319
Current maturities of long-term debt 6,346,071 6,523,417
Other accrued expenses 48,357,979 37,164,627
Total current liabilities 121,632,926 95,102,420
Long-term debt, net 557,574,245 617,604,254
Deferred tax liability 14,577,682 15,268,131
Derivative warrant liability 39,077,500  
Other long-term liabilities 2,885,875 4,631,115
Total liabilities 735,748,228 732,605,920
STOCKHOLDERS' EQUITY    
Common Stock, 825,000,000 shares authorized, $.0001 par value, 138,384,250 and 66,145,633 shares issued and outstanding at June 26, 2021 and December 26, 2020, respectively 13,838 6,615
Additional paid in capital 231,406,515 189,298,544
Accumulated other comprehensive income (loss) 46,526 (227,160)
Accumulated deficit (36,537,119) (48,205,174)
Total stockholders' equity 194,929,760 140,872,825
Total liabilities and stockholders' equity 930,677,988 873,478,745
Customer Relationships [Member]    
Current Assets    
Customer relationships, net 297,563,142 309,472,398
Trademarks and Trade Names [Member]    
Current Assets    
Tradename and trademarks $ 85,819,442 $ 85,597,528