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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 25, 2021
Dec. 26, 2020
Dec. 28, 2019
OPERATING ACTIVITIES:      
Net Income $ 39,919,900 $ 29,823,300 $ 32,149,300
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 430,600 484,700 400,100
Provisions for credit losses (206,600) (79,300) (78,300)
Compensation expense related to stock options 1,435,500 1,315,200 1,666,400
Deferred income taxes (1,362,000) (1,223,700) (1,815,300)
Loss from disposal of property and equipment   200 1,900
Deferred initial direct costs (2,100) (18,300) (92,600)
Amortization of deferred initial direct costs 18,900 105,900 550,000
Operating lease right of use asset amortization 244,300 368,900 345,400
Tax benefits on exercised stock options 2,479,600 872,900 1,218,900
Change in operating assets and liabilities:      
Receivables 478,500 87,600 (116,400)
Principal collections on lease receivables 9,915,400 14,829,200 19,421,400
Income tax receivable/payable (2,925,900) (596,200) (1,151,300)
Inventories (218,600) (20,600) 21,600
Prepaid expenses (13,400) (27,100) (66,500)
Other assets 17,600 56,600 (9,900)
Accounts payable 329,400 754,600 (336,800)
Accrued and other liabilities (948,500) (691,400) (661,600)
Rents received in advance and security deposits (1,046,600) (1,954,000) (197,300)
Deferred revenue (199,800) (867,200) (601,800)
Net cash provided by operating activities 48,346,200 43,221,300 50,647,200
INVESTING ACTIVITIES:      
Purchase of property and equipment (74,700) (45,100) (169,400)
Purchase of equipment for lease contracts (208,400) (4,114,000) (9,009,000)
Net cash used for investing activities (283,100) (4,159,100) (9,178,400)
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit   46,600,000 18,800,000
Payments on line of credit   (46,600,000) (18,800,000)
Proceeds from borrowings on notes payable 30,000,000    
Payments on notes payable (4,250,000) (3,750,000) (3,250,000)
Repurchases of common stock (44,217,500) (48,987,500) (24,028,100)
Proceeds from exercises of stock options 8,320,000 8,252,800 10,918,300
Dividends paid (33,162,600) (14,230,800) (3,449,100)
Proceeds from discounted lease rentals   1,157,000 944,400
Net cash used for financing activities (43,310,100) (57,558,500) (18,864,500)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 4,753,000 (18,496,300) 22,604,300
Cash, cash equivalents and restricted cash, beginning of period 6,684,000 25,180,300 2,576,000
Cash, cash equivalents and restricted cash, end of period $ 11,437,000 $ 6,684,000 $ 25,180,300