Segment Reporting:

12 Months Ended

Dec. 25, 2021

Segment Reporting:

Segment Reporting:

13.     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:

	Year ended
	December 25, 2021		December 26, 2020		December 28, 2019
Revenue:
Franchising	$	67,067,900	$	51,577,800	$	57,243,100
Leasing		11,148,300		14,484,000		16,055,800
Total revenue	$	78,216,200	$	66,061,800	$	73,298,900
Reconciliation to operating income:
Franchising segment contribution	$	44,832,100	$	31,880,200	$	35,169,900
Leasing segment contribution		6,504,100		8,331,300		7,961,200
Total operating income	$	51,336,200	$	40,211,500	$	43,131,100
Depreciation and amortization:
Franchising	$	243,900	$	285,300	$	281,600
Leasing		186,700		199,400		118,500
Total depreciation and amortization	$	430,600	$	484,700	$	400,100

	As of
	December 25, 2021		December 26, 2020
Identifiable assets:
Franchising	$	4,907,800	$	4,848,300
Leasing		3,600,500		14,462,600
Unallocated		18,390,700		12,032,300
Total	$	26,899,000	$	31,343,200

Revenues are all generated from United States operations other than franchising revenues from Canadian operations of $4.9 million, $4.0 million and $4.7 million in each of fiscal 2021, 2020 and 2019, respectively. All long-lived assets are located within the United States.