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Receivables:
12 Months Ended
Dec. 31, 2011
Receivables:  
Receivables:

5.             Receivables:

 

The Company’s current receivables consisted of the following:

 

 

 

December 31, 2011

 

December 25, 2010

 

Trade

 

$

55,100

 

$

135,900

 

Royalty

 

989,300

 

999,400

 

Notes receivable

 

3,500

 

11,300

 

Interest receivable

 

 

235,700

 

Other

 

268,300

 

459,000

 

 

 

$

1,316,200

 

$

1,841,300

 

 

The activity in the allowance for doubtful accounts for accounts and note receivables is as follows:

 

 

 

December 31, 2011

 

December 25, 2010

 

Balance at beginning of year

 

$

17,400

 

$

37,100

 

Provisions charged to expense

 

(2,200

)

(14,400

)

Deductions for amounts written-off

 

(100

)

(5,300

)

Balance at end of year

 

$

15,100

 

$

17,400

 

 

As part of its normal operating procedures, the Company requires Standby Letters of Credit as collateral for a portion of its trade receivables.