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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Dec. 25, 2021
Dec. 26, 2020
Current Assets:    
Cash and cash equivalents $ 11,407,000 $ 6,659,000
Restricted cash 30,000 25,000
Receivables, less allowance for doubtful accounts of $600 and $800 1,103,400 1,581,900
Net investment in leases - current 2,890,600 8,687,500
Income tax receivable 667,500 221,200
Inventories 325,200 106,600
Prepaid expenses 1,008,600 995,200
Total current assets 17,432,300 18,276,400
Net investment in leases - long-term 229,300 4,573,600
Property and equipment, net 1,976,900 2,332,800
Property and equipment:    
Furniture and equipment 3,406,600 3,575,800
Building and building improvements 2,952,100 2,952,100
Less - accumulated depreciation and amortization (4,381,800) (4,195,100)
Operating lease right of use asset 2,982,000 3,226,300
Goodwill 607,500 607,500
Other assets 418,300 435,900
Deferred income taxes 3,252,700 1,890,700
Total assets 26,899,000 31,343,200
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $17,400 and $13,900 4,232,600 4,236,100
Accounts payable 2,099,000 1,769,600
Accrued liabilities 2,001,000 2,624,000
Discounted lease rentals   1,096,600
Deferred revenue 1,645,000 1,657,400
Total current liabilities 9,977,600 11,383,700
Long-term Liabilities:    
Notes payable, net of unamortized debt issuance costs of $61,100 and $54,800 43,376,400 17,632,700
Discounted lease rentals   574,000
Deferred revenue 6,863,500 7,050,900
Operating lease liabilities 4,810,100 5,307,400
Other liabilities 954,800 773,200
Total long-term liabilities 56,004,800 31,338,200
Commitments and Contingencies
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,635,806 and 3,756,028 shares issued and outstanding   9,281,800
Retained earnings (accumulated deficit) (39,083,400) (20,660,500)
Total shareholders' equity (deficit) (39,083,400) (11,378,700)
Total liabilities and shareholders' equity (deficit) $ 26,899,000 $ 31,343,200