Investment in Leasing Operations: (Tables)

12 Months Ended

Dec. 30, 2017

Investment in Leasing Operations:

Schedule of investment in leasing operations

	December 30, 2017		December 31, 2016
Direct financing and sales-type leases:
Minimum lease payments receivable	$	36,119,700	$	37,839,800
Estimated residual value of equipment		4,762,700		4,754,200
Unearned lease income net of initial direct costs deferred		(5,371,900)		(5,844,500)
Security deposits		(4,526,000)		(4,424,400)
Equipment installed on leases not yet commenced		10,989,700		9,961,600
Total investment in direct financing and sales-type leases		41,974,200		42,286,700
Allowance for credit losses		(711,200)		(896,000)
Net investment in direct financing and sales-type leases		41,263,000		41,390,700
Operating leases:
Operating lease assets		1,045,400		800,700
Less accumulated depreciation and amortization		(1,030,800)		(775,900)
Net investment in operating leases		14,600		24,800
Total net investment in leasing operations	$	41,277,600	$	41,415,500

Schedule of future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred

Future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred, is as follows as of December 30, 2017:

	Direct Financing and Sales-Type Leases
	Minimum Lease		Income
Fiscal Year	Payments Receivable		Amortization
2018	$	20,679,500	$	3,946,100
2019		12,413,200		1,296,900
2020		2,982,900		124,700
2021		18,000		2,300
2022		13,700		1,300
Thereafter		12,400		600
	$	36,119,700	$	5,371,900

Schedule of activity in the allowance for credit losses for leasing operations

	December 30, 2017		December 31, 2016		December 26, 2015
Balance at beginning of period	$	896,000	$	859,100	$	386,000
Provisions charged to expense		9,000		18,500		(149,700)
Recoveries		8,600		47,700		632,200
Deductions for amounts written-off		(202,400)		(29,300)		(9,400)
Balance at end of period	$	711,200	$	896,000	$	859,100

Schedule of investment in direct financing and sales-type leases (investment in leases) and allowance for credit losses by loss evaluation methodology

	December 30, 2017				December 31, 2016
	Investment		Allowance for		Investment		Allowance for
	In Leases		Credit Losses		In Leases		Credit Losses
Collectively evaluated for loss potential	$	41,974,200	$	711,200	$	42,286,700	$	896,000
Individually evaluated for loss potential		—		—		—		—
Total	$	41,974,200	$	711,200	$	42,286,700	$	896,000

Schedule of information regarding accruing and non-accrual leases

	December 30, 2017
	0-60 Days		61-90 Days		Over 90 Days
	Delinquent		Delinquent		Delinquent and
	and Accruing		and Accruing		Accruing		Non-Accrual		Total
Middle-Market	$	40,657,500	$	133,700	$	—	$	—	$	40,791,200
Small-Ticket		1,183,000		—		—		—		1,183,000
Total Investment in Leases	$	41,840,500	$	133,700	$	—	$	—	$	41,974,200

	December 31, 2016
	0-60 Days		61-90 Days		Over 90 Days
	Delinquent		Delinquent		Delinquent and
	and Accruing		and Accruing		Accruing		Non-Accrual		Total
Middle-Market	$	41,299,600	$	—	$	—	$	—	$	41,299,600
Small-Ticket		987,100		—		—		—		987,100
Total Investment in Leases	$	42,286,700	$	—	$	—	$	—	$	42,286,700