Segment Reporting:

9 Months Ended

Sep. 25, 2021

Segment Reporting:

Segment Reporting:

10. Segment Reporting:

The Company currently has two reportable business segments, franchising and leasing. The franchising segment franchises value-oriented retail store concepts that buy, sell, trade and consign merchandise. The leasing segment includes the Company’s equipment leasing business. Segment reporting is intended to give financial statement users a better view of how the Company manages and evaluates its businesses. The Company’s internal management reporting is the basis for the information disclosed for its business segments and includes allocation of shared-service costs. Segment assets are those that are directly used in or identified with segment operations, including cash, restricted cash, accounts receivable, prepaid expenses, inventory, property and equipment, investment in leasing operations and goodwill. Unallocated assets include corporate cash and cash equivalents, current and deferred tax amounts, operating lease right of use assets and other corporate assets. Inter-segment balances and transactions have been eliminated. The following tables summarize financial information by segment and provide a reconciliation of segment contribution to operating income:

	Three Months Ended				Nine Months Ended
	September 25, 2021		September 26, 2020		September 25, 2021		September 26, 2020
Revenue:
Franchising	$	17,887,200	$	15,581,200	$	49,490,100	$	37,225,700
Leasing		2,266,200		2,695,800		8,351,800		12,040,800
Total revenue	$	20,153,400	$	18,277,000	$	57,841,900	$	49,266,500
Reconciliation to operating income:
Franchising segment contribution	$	12,330,200	$	10,789,900	$	33,601,600	$	22,601,000
Leasing segment contribution		1,459,000		1,707,900		4,821,500		6,676,400
Total operating income	$	13,789,200	$	12,497,800	$	38,423,100	$	29,277,400
Depreciation and amortization:
Franchising	$	59,400	$	70,800	$	187,600	$	216,100
Leasing		46,200		49,900		141,200		150,600
Total depreciation and amortization	$	105,600	$	120,700	$	328,800	$	366,700

	As of
	September 25, 2021		December 26, 2020
Identifiable assets:
Franchising	$	3,953,200	$	4,848,300
Leasing		5,691,100		14,462,600
Unallocated		45,327,500		12,032,300
Total	$	54,971,800	$	31,343,200