XML 54 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
Jun. 29, 2013
Dec. 29, 2012
Current Assets:    
Cash and cash equivalents $ 2,041,300 $ 2,233,400
Marketable securities 84,500 85,900
Receivables, less allowance for doubtful accounts of $15,200 and $17,300 1,230,400 1,237,100
Net investment in leases - current 16,149,700 13,461,200
Income tax receivable 856,800 1,400,700
Inventories 76,800 71,200
Prepaid expenses 388,800 445,200
Total current assets 20,828,300 18,934,700
Net investment in leases - long-term 21,043,900 22,697,100
Long-term investments (See Note 4) 0  
Property and equipment, net 1,166,000 1,229,500
Other assets 677,500 677,500
Total assets 43,715,700 43,538,800
Current Liabilities:    
Line of credit 2,000,000 10,800,000
Accounts payable 1,258,600 2,203,700
Accrued liabilities 1,983,800 1,286,300
Discounted lease rentals 906,400 896,800
Rents received in advance 62,000 134,800
Deferred revenue 1,569,700 1,641,700
Deferred income taxes 3,555,600 3,549,900
Total current liabilities 11,336,100 20,513,200
Long-Term Liabilities:    
Discounted lease rentals 445,200 177,900
Rents received in advance 119,700 117,700
Deferred revenue 956,100 953,000
Other liabilities 1,184,600 1,254,700
Deferred income taxes 2,659,600 2,594,300
Total long-term liabilities 5,365,200 5,097,600
Shareholders' Equity:    
Common stock, no par value, 10,000,000 shares authorized, 5,044,484 and 4,996,459 shares issued and outstanding 1,142,900  
Accumulated other comprehensive loss (4,900) (4,000)
Retained earnings 25,876,400 17,932,000
Total shareholders' equity 27,014,400 17,928,000
Total liabilities and shareholders' equity $ 43,715,700 $ 43,538,800