Investment in Leasing Operations: (Tables)

9 Months Ended

Sep. 29, 2018

Investment in Leasing Operations:

Schedule of investment in leasing operations

	September 29, 2018		December 30, 2017
Direct financing and sales-type leases:
Minimum lease payments receivable	$	41,669,100	$	36,119,700
Estimated residual value of equipment		4,254,200		4,762,700
Unearned lease income net of initial direct costs deferred		(7,222,200)		(5,371,900)
Security deposits		(4,112,700)		(4,526,000)
Equipment installed on leases not yet commenced		10,861,600		10,989,700
Total investment in direct financing and sales-type leases		45,450,000		41,974,200
Allowance for credit losses		(969,200)		(711,200)
Net investment in direct financing and sales-type leases		44,480,800		41,263,000
Operating leases:
Operating lease assets		736,800		1,045,400
Less accumulated depreciation and amortization		(699,300)		(1,030,800)
Net investment in operating leases		37,500		14,600
Total net investment in leasing operations	$	44,518,300	$	41,277,600

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

	Direct Financing and Sales-Type Leases				Operating Leases
	Minimum Lease		Income		Minimum Lease
Fiscal Year	Payments Receivable		Amortization		Payments Receivable
2018	$	6,522,300	$	1,832,900	$	42,100
2019		23,754,600		4,580,700		76,900
2020		9,623,900		752,700		—
2021		1,742,200		54,000		—
2022		13,700		1,300		—
Thereafter		12,400		600		—
	$	41,669,100	$	7,222,200	$	119,000

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

	September 29, 2018		September 30, 2017
Balance at beginning of period	$	711,200	$	896,000
Provisions charged to expense		148,400		(26,200)
Recoveries		210,700		13,800
Deductions for amounts written-off		(101,100)		—
Balance at end of period	$	969,200	$	883,600

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

	September 29, 2018				December 30, 2017
	Investment		Allowance for		Investment		Allowance for
	In Leases		Credit Losses		In Leases		Credit Losses
Collectively evaluated for loss potential	$	45,450,000	$	969,200	$	41,974,200	$	711,200
Individually evaluated for loss potential		—		—		—		—
Total	$	45,450,000	$	969,200	$	41,974,200	$	711,200

Schedule of information regarding accruing and non-accrual leases

	September 29, 2018
	0-60 Days		61-90 Days		Over 90 Days
	Delinquent		Delinquent		Delinquent and
	and Accruing		and Accruing		Accruing		Non-Accrual		Total
Middle-Market	$	44,145,700	$	—	$	—	$	—	$	44,145,700
Small-Ticket		1,304,300		—		—		—		1,304,300
Total Investment in Leases	$	45,450,000	$	—	$	—	$	—	$	45,450,000

	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