Warrants (Tables)
3 Months Ended
Mar. 29, 2020
Other Liabilities Disclosure [Abstract]  
Summary of Warrant Activity

The Company’s warrant activity for the thirteen weeks ended March 29, 2020 is as follows:

 

     

Number of

Shares

   

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining

Contractual

Life (Years)

 
Warrants outstanding at December 29, 2019       2,091,652     $ 3.57       4.2  
Grants       -       -       -  
Exercised       -       -       -  
Forfeited       (1,167,404 )   $ 0.01       5.0  
Expired       -       -       -  
Warrants outstanding at March 29, 2020       924,248     $ 8.08       3.3  
Warrants exercisable at March 29, 2020       877,373     $ 8.08       3.2  

Schedule of Assumptions Used for Stock-based Compensation, Warrants

The range of assumptions used to establish the value of the warrants using the Black-Scholes valuation model are as follows:

 

      Warrants  
Expected dividend yield     4.00% - 6.63 %
Expected volatility     30.23% - 31.73 %
Risk-free interest rate     0.99% - 1.91 %
Expected term (in years)     3.80 - 5.00