XML 38 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED CONDENSED BALANCE SHEETS (USD $)
Sep. 28, 2013
Dec. 29, 2012
Current Assets:    
Cash and cash equivalents $ 8,248,000 $ 2,233,400
Marketable securities 401,000 85,900
Receivables, less allowance for doubtful accounts of $5,000 and $17,300 1,116,900 1,237,100
Net investment in leases - current 16,398,700 13,461,200
Income tax receivable 366,700 1,400,700
Inventories 69,400 71,200
Prepaid expenses 618,600 445,200
Total current assets 27,219,300 18,934,700
Net investment in leases - long-term 20,274,700 22,697,100
Long-term investments (See Note 4) 0  
Property and equipment, net 1,073,700 1,229,500
Other assets 677,500 677,500
Total assets 49,245,200 43,538,800
Current Liabilities:    
Line of credit   10,800,000
Accounts payable 1,724,300 2,203,700
Accrued liabilities 2,359,100 1,286,300
Discounted lease rentals 834,000 896,800
Rents received in advance 48,700 134,800
Deferred revenue 1,787,900 1,641,700
Deferred income taxes 3,574,200 3,549,900
Total current liabilities 10,328,200 20,513,200
Long-Term Liabilities:    
Discounted lease rentals 382,700 177,900
Rents received in advance 111,800 117,700
Deferred revenue 1,128,200 953,000
Other liabilities 1,148,900 1,254,700
Deferred income taxes 2,864,700 2,594,300
Total long-term liabilities 5,636,300 5,097,600
Shareholders' Equity:    
Common stock, no par value, 10,000,000 shares authorized, 5,135,961 and 4,996,459 shares issued and outstanding 2,420,300  
Accumulated other comprehensive loss (9,900) (4,000)
Retained earnings 30,870,300 17,932,000
Total shareholders' equity 33,280,700 17,928,000
Total liabilities and shareholders' equity $ 49,245,200 $ 43,538,800