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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Mar. 27, 2021
Dec. 26, 2020
Current Assets:    
Cash and cash equivalents $ 7,959,900 $ 6,659,000
Restricted cash 25,000 25,000
Receivables, less allowance for doubtful accounts of $1,400 and $800 2,096,900 1,581,900
Net investment in leases - current 8,156,900 8,687,500
Income tax receivable   221,200
Inventories 110,200 106,600
Prepaid expenses 839,900 995,200
Total current assets 19,188,800 18,276,400
Net investment in leases - long-term 2,706,900 4,573,600
Property and equipment, net 2,253,300 2,332,800
Operating lease right of use asset 3,172,100 3,226,300
Goodwill 607,500 607,500
Other assets 438,500 435,900
Deferred income taxes 2,330,600 1,890,700
Total assets 30,697,700 31,343,200
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $13,900 and $13,900 4,236,100 4,236,100
Accounts payable 1,399,300 1,769,600
Income tax payable 3,159,200  
Accrued liabilities 2,223,500 2,624,000
Discounted lease rentals 959,200 1,096,600
Deferred revenue 1,647,700 1,657,400
Total current liabilities 13,625,000 11,383,700
Long-term Liabilities:    
Notes payable, net of unamortized debt issuance costs of $51,400 and $54,800 16,573,600 17,632,700
Discounted lease rentals 382,200 574,000
Deferred revenue 6,975,700 7,050,900
Operating lease liabilities 5,176,900 5,307,400
Other liabilities 768,500 773,200
Total long-term liabilities 29,876,900 31,338,200
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,700,723 and 3,756,028 shares issued and outstanding   9,281,800
Retained earnings (accumulated deficit) (12,804,200) (20,660,500)
Total shareholders' equity (deficit) (12,804,200) (11,378,700)
Total liabilities and shareholders' equity (deficit) $ 30,697,700 $ 31,343,200