Note 18 - COVID-19 (Coronavirus) |
12 Months Ended | ||
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Mar. 28, 2020 | |||
Notes to Financial Statements | |||
Effect of Covid-19 Pandemic [Text Block] |
On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (“COVID-19” ) and in March 2020 classified the outbreak as a pandemic. In March 2020, the President of the United States and the Governor of California declared a state of emergency, based on the rapid increase in COVID-19 cases including in California. Since March 2020, with the spread of the coronavirus, we have implemented a number of directives to ensure the safety of our personnel and the continuity of our operations.Recently, COVID-
19 has caused significant disruptions to the global, national and local economy. The overall impact of COVID-19 on the California economy is not known and cannot be predicted at this time. While the disruption is currently expected to be temporary, there is uncertainty around the duration and the total economic impact. If this situation is prolonged, this could cause delays in our business and could have a short or long term adverse impact, possibly material, on the Company’s future financial condition, liquidity, and results of operations. |
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- Definition The entire disclosure for effects of COVID-19 pandemic. No definition available.
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- References No definition available.
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