Investment in Leasing Operations: (Tables)

9 Months Ended

Sep. 28, 2013

Investment in Leasing Operations:

Schedule of investment in leasing operations

	September 28, 2013			December 29, 2012
Direct financing and sales-type leases:
Minimum lease payments receivable	$	37,061,800		$	33,094,100
Estimated residual value of equipment	4,399,100			2,925,900
Unearned lease income net of initial direct costs deferred	(5,544,700		)	(5,155,400		)
Security deposits	(3,135,300		)	(2,882,400		)
Equipment installed on leases not yet commenced	4,496,900			8,443,600
Total investment in direct financing and sales-type leases	37,277,800			36,425,800
Allowance for credit losses	(805,500		)	(775,800		)
Net investment in direct financing and sales-type leases	36,472,300			35,650,000
Operating leases:
Operating lease assets	1,229,800			1,564,300
Less accumulated depreciation and amortization	(1,028,700		)	(1,056,000		)
Net investment in operating leases	201,100			508,300
Total net investment in leasing operations	$	36,673,400		$	36,158,300

Schedule of future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred

	Direct Financing and Sales-Type Leases				Operating Leases
	Minimum Lease Payments Receivable		Income Amortization		Minimum Lease Payments Receivable
2013	$	5,862,700	$	1,635,700	$	429,100
2014	19,388,800		3,071,800		332,000
2015	9,836,500		790,500		49,900
2016	1,972,000		46,600		—
2017	1,800		100		—
Thereafter	—		—		—
	$	37,061,800	$	5,544,700	$	811,000

Schedule of activity in the allowance for credit losses for leasing operations

	September 28, 2013			September 29, 2012
Balance at beginning of period	$	775,800		$	803,800
Provisions charged to expense	(67,700		)	(69,600		)
Recoveries	114,700			195,900
Deductions for amounts written-off	(17,300		)	(128,100		)
Balance at end of period	$	805,500		$	802,000

Schedule of investment in direct financing and sales-type leases (investment in leases) and allowance for credit losses by loss evaluation methodology

	September 28, 2013				December 29, 2012
	Investment In Leases		Allowance for Credit Losses		Investment In Leases		Allowance for Credit Losses
Collectively evaluated for loss potential	$	37,277,800	$	805,500	$	36,425,800	$	775,800
Individually evaluated for loss potential	—		—		—		—
Total	$	37,277,800	$	805,500	$	36,425,800	$	775,800

Schedule of information regarding accruing and non-accrual leases

	September 28, 2013
	0-60 Days Delinquent and Accruing		61-90 Days Delinquent and Accruing		Over 90 Days Delinquent and Accruing		Non-Accrual		Total
Middle-Market	$	36,158,500	$	—	$	—	$	—	$	36,158,500
Small-Ticket	1,097,100		22,200		—		—		1,119,300
Total Investment in Leases	$	37,255,600	$	22,200	$	—	$	—	$	37,277,800

	December 29, 2012
	0-60 Days Delinquent and Accruing		61-90 Days Delinquent and Accruing		Over 90 Days Delinquent and Accruing		Non-Accrual		Total
Middle-Market	$	34,901,300	$	—	$	—	$	—	$	34,901,300
Small-Ticket	1,517,700		—		—		6,800		1,524,500
Total Investment in Leases	$	36,419,000	$	—	$	—	$	6,800	$	36,425,800