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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Apr. 01, 2023
Mar. 26, 2022
OPERATING ACTIVITIES:    
Net Income $ 8,942,700 $ 9,852,500
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 192,500 102,500
Provisions for credit losses (4,600) (8,900)
Compensation expense related to stock options 475,900 421,600
Deferred income taxes 24,200 (113,200)
Operating lease right of use asset amortization 66,900 60,300
Tax benefits on exercised stock options 77,700 95,300
Change in operating assets and liabilities:    
Receivables (143,200) (369,900)
Principal collections on lease receivables 423,800 530,500
Income tax receivable/payable 2,490,900 2,946,500
Inventories 356,300 (167,100)
Prepaid expenses 422,400 23,500
Other assets (40,400) (10,400)
Accounts payable (678,300) (203,000)
Accrued and other liabilities 1,140,200 390,500
Rents received in advance and security deposits (194,200) (159,700)
Deferred revenue 297,700 (43,100)
Net cash provided by operating activities 13,850,500 13,347,900
INVESTING ACTIVITIES:    
Purchase of property and equipment (5,500) (21,500)
Net cash used for investing activities (5,500) (21,500)
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit   15,600,000
Payments on line of credit   (2,000,000)
Payments on notes payable (1,062,500) (1,062,500)
Repurchases of common stock   (36,591,400)
Proceeds from exercises of stock options 590,400 1,258,300
Dividends paid (2,421,900) (1,625,300)
Net cash used for financing activities (2,894,000) (24,420,900)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 10,951,000 (11,094,500)
Cash, cash equivalents and restricted cash, beginning of period 13,680,600 11,437,000
Cash, cash equivalents and restricted cash, end of period $ 24,631,600 $ 342,500