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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
OPERATING ACTIVITIES:    
Net Income $ 8,819,000 $ 8,942,700
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment 108,300 104,000
Amortization of intangible assets 88,500 88,500
Provisions for credit losses (1,500) (4,600)
Compensation expense related to stock options 485,900 475,900
Deferred income taxes   24,200
Operating lease right of use asset amortization 74,200 66,900
Tax benefits on exercised stock options   77,700
Change in operating assets and liabilities:    
Receivables (213,300) (143,200)
Principal collections on lease receivables 62,300 423,800
Income tax receivable/payable 2,500,400 2,490,900
Inventories (34,800) 356,300
Prepaid expenses 126,500 422,400
Other assets (16,600) (40,400)
Accounts payable (423,100) (678,300)
Accrued and other liabilities 1,729,800 1,140,200
Rents received in advance and security deposits (19,700) (194,200)
Deferred revenue 78,100 297,700
Net cash provided by operating activities 13,364,000 13,850,500
INVESTING ACTIVITIES:    
Purchase of property and equipment (87,900) (5,500)
Net cash used for investing activities (87,900) (5,500)
FINANCING ACTIVITIES:    
Payments on notes payable (1,062,500) (1,062,500)
Proceeds from exercises of stock options 70,000 590,400
Dividends paid (2,797,900) (2,421,900)
Net cash used for financing activities (3,790,400) (2,894,000)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 9,485,700 10,951,000
Cash, cash equivalents and restricted cash, beginning of period 13,386,500 13,680,600
Cash, cash equivalents and restricted cash, end of period $ 22,872,200 $ 24,631,600