Investment in Leasing Operations: (Tables)

12 Months Ended

Dec. 25, 2021

Investment in Leasing Operations:

Schedule of investment in leasing operations

	December 25, 2021		December 26, 2020
Direct financing and sales-type leases:
Minimum lease payments receivable	$	3,387,500	$	12,536,300
Estimated unguaranteed residual value of equipment		1,316,100		2,950,100
Unearned lease income, net of initial direct costs deferred		(418,100)		(1,439,500)
Security deposits		(1,122,500)		(2,169,000)
Equipment installed on leases not yet commenced		—		1,634,400
Total investment in direct financing and sales-type leases		3,163,000		13,512,300
Allowance for credit losses		(63,600)		(270,200)
Net investment in direct financing and sales-type leases		3,099,400		13,242,100
Operating leases:
Operating lease assets		626,200		599,100
Less accumulated depreciation and amortization		(605,700)		(580,100)
Net investment in operating leases		20,500		19,000
Total net investment in leasing operations	$	3,119,900	$	13,261,100

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

Future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred, is as follows as of December 25, 2021:

	Direct Financing and Sales-Type Leases
	Minimum Lease		Income
Fiscal Year	Payments Receivable		Amortization
2022		3,162,200		399,500
2023		221,800		18,500
2024		3,500		100
	$	3,387,500	$	418,100

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

	December 25, 2021		December 26, 2020		December 28, 2019
Balance at beginning of period	$	270,200	$	580,600	$	861,200
Provisions charged to expense		(206,600)		(79,300)		(78,300)
Recoveries		—		(11,800)		21,900
Deductions for amounts written-off		—		(219,300)		(224,200)
Balance at end of period	$	63,600	$	270,200	$	580,600

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

	December 25, 2021				December 26, 2020
	Investment		Allowance for		Investment		Allowance for
	In Leases		Credit Losses		In Leases		Credit Losses
Collectively evaluated for loss potential	$	3,163,000	$	63,600	$	13,512,300	$	270,200
Individually evaluated for loss potential		—		—		—		—
Total	$	3,163,000	$	63,600	$	13,512,300	$	270,200

Schedule of information regarding accruing and non-accrual leases

	December 25, 2021
	0-60 Days		61-90 Days		Over 90 Days
	Delinquent		Delinquent		Delinquent and
	and Accruing		and Accruing		Accruing		Non-Accrual		Total
Total investment in leases	$	3,163,000	$	—	$	—	$	—	$	3,163,000

	December 26, 2020
	0-60 Days		61-90 Days		Over 90 Days
	Delinquent		Delinquent		Delinquent and
	and Accruing		and Accruing		Accruing		Non-Accrual		Total
Total investment in leases	$	13,512,300	$	—	$	—	$	—	$	13,512,300

Schedule of components of leasing income

	Year Ended		Year Ended		Year Ended
	December 25, 2021		December 26, 2020		December 28, 2019
Interest income on direct financing and sales-type leases	$	1,755,200	$	3,651,700	$	7,602,600
Selling profit (loss) at commencement of sales-type leases		1,829,800		2,117,500		2,470,300
Operating lease income		2,017,300		2,346,500		2,525,600
Income on sales of equipment under lease		4,799,400		5,246,000		2,855,400
Other		746,600		1,122,300		601,900
Leasing income	$	11,148,300	$	14,484,000	$	16,055,800