Annual report pursuant to Section 13 and 15(d)

Note 18 - COVID-19 (Coronavirus)

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Note 18 - COVID-19 (Coronavirus)
12 Months Ended
Mar. 27, 2021
Notes to Financial Statements  
Unusual or Infrequent Items, or Both, Disclosure [Text Block]
Note
18.
COVID
-
19
(Coronavirus)
 
On
January 30, 2020,
the World Health Organization announced a global health emergency because of a new strain of coronavirus 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.
 
COVID-
19
has caused significant disruptions to the global, national and local economies. While the disruptions are currently expected to be temporary and infection rates are decreasing nationally with the vaccine roll-out, there is continued uncertainty around the duration and the total economic impact of the pandemic which cannot be predicted at this time. If this situation is prolonged, it could cause additional 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.