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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 25, 2021
Dec. 26, 2020
OPERATING ACTIVITIES:      
Net Income $ 39,424,900 $ 39,919,900 $ 29,823,300
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 603,100 430,600 484,700
Provisions for credit losses (57,900) (206,600) (79,300)
Compensation expense related to stock options 1,652,400 1,435,500 1,315,200
Deferred income taxes (287,700) (1,362,000) (1,223,700)
Loss from disposal of property and equipment (9,400)   200
Deferred initial direct costs   (2,100) (18,300)
Amortization of deferred initial direct costs   18,900 105,900
Operating lease right of use asset amortization 266,000 244,300 368,900
Tax benefits on exercised stock options 858,300 2,479,600 872,900
Change in operating assets and liabilities:      
Receivables (335,200) 478,500 87,600
Principal collections on lease receivables 3,646,700 9,915,400 14,829,200
Income tax receivable/payable (749,500) (2,925,900) (596,200)
Inventories (445,400) (218,600) (20,600)
Prepaid expenses (301,800) (13,400) (27,100)
Other assets (11,400) 17,600 56,600
Accounts payable 23,000 329,400 754,600
Accrued and other liabilities 222,800 (948,500) (691,400)
Rents received in advance and security deposits (819,200) (1,046,600) (1,954,000)
Deferred revenue 109,600 (199,800) (867,200)
Net cash provided by operating activities 43,789,300 48,346,200 43,221,300
INVESTING ACTIVITIES:      
Proceeds from sales of property and equipment 9,400    
Purchase of property and equipment (139,100) (74,700) (45,100)
Reacquired franchise rights (3,540,000)    
Purchase of equipment for lease contracts   (208,400) (4,114,000)
Net cash used for investing activities (3,669,700) (283,100) (4,159,100)
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit 33,700,000   46,600,000
Payments on line of credit (3,700,000)   (46,600,000)
Proceeds from borrowings on notes payable   30,000,000  
Payments on notes payable (4,250,000) (4,250,000) (3,750,000)
Repurchases of common stock (49,119,800) (44,217,500) (48,987,500)
Proceeds from exercises of stock options 4,751,700 8,320,000 8,252,800
Dividends paid (19,257,900) (33,162,600) (14,230,800)
Proceeds from discounted lease rentals     1,157,000
Net cash used for financing activities (37,876,000) (43,310,100) (57,558,500)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 2,243,600 4,753,000 (18,496,300)
Cash, cash equivalents and restricted cash, beginning of period 11,437,000 6,684,000 25,180,300
Cash, cash equivalents and restricted cash, end of period $ 13,680,600 $ 11,437,000 $ 6,684,000