We currently conduct our operations in manufacturing facilities that are located in Stoughton, Wisconsin and Earby, England.

Year Ended January 2, 2022 Compared to the Year Ended January 3, 2021

The following table sets forth, for the year ended January 2, 2022 ("year ended 2021") and January 3, 2021 ("year ended 2020"), certain operational data including their respective percentage of net sales:

(1,581,907 ) -2.6 % (59,092 ) 3.7 % Funding from Paycheck Protection Program

Funding from Paycheck Protection Program:

For the year ended 2021, the tax provision was $732,994 compared to a tax benefit of $1,275,743 for the year ended 2020. The tax provision for the year ended 2021 and the tax benefit for the year ended 2020 were principally attributable to the results of the U.S. operations.

Liquidity and Sources of Capital

We have no off balance sheet arrangements.

Critical Accounting Policies, Judgments and Estimates

Goodwill and Intangible Indefinite-Lived Assets

Fair Value of Financial Instruments

Our short-term financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable and lines of credit. We adjust the carrying value of financial instruments denominated in other currencies such as cash, accounts receivable, accounts payable and lines of credit using the appropriate exchange rates at the balance sheet date. We believe that the carrying values of these short-term financial instruments approximate their estimated fair values.

Postretirement and Postemployment Benefit Liabilities

See Note 1 to the consolidated financial statements for a discussion on accounting standards that we adopted during 2021 and on those recently issued but not yet required to be adopted.

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