Share-Based Compensation (Tables)
3 Months Ended
Mar. 29, 2020
Equity [Abstract]  
Schedule of Stock Option Activity

The Company’s stock option activity for fiscal year ended March 29, 2020 can be summarized as follows:

 

    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (Years)  
Stock options outstanding at December 29, 2019     722,481     $ 8.45       8.2  
Grants     -     $ -       -  
Forfeited     (44,250 )   $ 8.01       8.5  
Expired     -     $ -       -  
Stock options outstanding at March 29, 2020     678,231     $ 8.48       8.2  
Stock options exercisable at March 29, 2020     318,271     $ 9.88       7.9  

Schedule of Assumptions Used for Stock-based Compensation

The assumptions used in the Black-Scholes valuation model to record the stock-based compensation are as follows:

 

      Including Non-Employee Options  
Expected dividend yield     4.00% - 10.43 %
Expected volatility     30.23% - 31.73 %
Risk-free interest rate     1.52% - 2.85 %
Expected term (in years)     5.50 – 5.75