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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 30, 2023
Dec. 31, 2022
Dec. 25, 2021
OPERATING ACTIVITIES:      
Net Income $ 40,178,100 $ 39,424,900 $ 39,919,900
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment 418,700 411,400 430,600
Amortization of intangible assets 354,000 191,700  
Provisions for credit losses (5,600) (57,900) (206,600)
Compensation expense related to stock options 1,952,400 1,652,400 1,435,500
Deferred income taxes (512,000) (287,700) (1,362,000)
Loss from disposal of property and equipment   (9,400)  
Deferred initial direct costs     (2,100)
Amortization of deferred initial direct costs     18,900
Operating lease right of use asset amortization 290,100 266,000 244,300
Tax benefits on exercised stock options 1,138,500 858,300 2,479,600
Change in operating assets and liabilities:      
Receivables (36,700) (335,200) 478,500
Principal collections on lease receivables 556,000 3,646,700 9,915,400
Income tax receivable/payable (611,200) (749,500) (2,925,900)
Inventories 384,500 (445,400) (218,600)
Prepaid expenses (81,700) (301,800) (13,400)
Other assets (41,600) (11,400) 17,600
Accounts payable (402,600) 23,000 329,400
Accrued and other liabilities (16,900) 222,800 (948,500)
Rents received in advance and security deposits (275,200) (819,200) (1,046,600)
Deferred revenue 705,500 109,600 (199,800)
Net cash provided by operating activities 43,994,300 43,789,300 48,346,200
INVESTING ACTIVITIES:      
Proceeds from sales of property and equipment   9,400  
Purchase of property and equipment (383,900) (139,100) (74,700)
Reacquired franchise rights   (3,540,000)  
Purchase of equipment for lease contracts     (208,400)
Net cash used for investing activities (383,900) (3,669,700) (283,100)
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit/term loan   33,700,000  
Payments on line of credit/term loan   (3,700,000)  
Proceeds from borrowings on notes payable     30,000,000
Payments on notes payable (4,250,000) (4,250,000) (4,250,000)
Repurchases of common stock   (49,119,800) (44,217,500)
Proceeds from exercises of stock options 4,009,700 4,751,700 8,320,000
Dividends paid (43,664,200) (19,257,900) (33,162,600)
Net cash used for financing activities (43,904,500) (37,876,000) (43,310,100)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (294,100) 2,243,600 4,753,000
Cash, cash equivalents and restricted cash, beginning of period 13,680,600 11,437,000 6,684,000
Cash, cash equivalents and restricted cash, end of period $ 13,386,500 $ 13,680,600 $ 11,437,000