Investment in Leasing Operations: (Tables)

9 Months Ended

Sep. 26, 2015

Investment in Leasing Operations:

Schedule of investment in leasing operations

	September 26, 2015			December 27, 2014
Direct financing and sales-type leases:
Minimum lease payments receivable	$	36,246,600		$	40,739,900
Estimated residual value of equipment	4,811,200			4,347,100
Unearned lease income net of initial direct costs deferred	(4,983,200		)	(6,061,100		)
Security deposits	(3,274,900		)	(3,253,200		)
Equipment installed on leases not yet commenced	8,326,000			8,364,100
Total investment in direct financing and sales-type leases	41,125,700			44,136,800
Allowance for credit losses	(882,000		)	(386,000		)
Net investment in direct financing and sales-type leases	40,243,700			43,750,800
Operating leases:
Operating lease assets	1,362,100			806,100
Less accumulated depreciation and amortization	(1,350,400		)	(536,400		)
Net investment in operating leases	11,700			269,700
Total net investment in leasing operations	$	40,255,400		$	44,020,500

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

Future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred, is as follows for the remainder of fiscal 2015 and the full fiscal years thereafter as of September 26, 2015:

	Direct Financing and Sales-Type Leases				Operating Leases
	Minimum Lease Payments Receivable		Income Amortization		Minimum Lease Payments Receivable
2015	$	6,320,200	$	1,228,500	$	7,600
2016	18,984,100		2,939,300		—
2017	9,748,000		789,800		—
2018	1,192,300		25,600		—
2019	2,000		—		—
Thereafter	—		—		—
	$	36,246,600	$	4,983,200	$	7,600

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

	September 26, 2015			September 27, 2014
Balance at beginning of period	$	386,000		$	822,700
Provisions charged to expense	(123,400		)	26,100
Recoveries	628,700			98,500
Deductions for amounts written-off	(9,300		)	(20,100		)
Balance at end of period	$	882,000		$	927,200

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

	September 26, 2015				December 27, 2014
	Investment In Leases		Allowance for Credit Losses		Investment In Leases		Allowance for Credit Losses
Collectively evaluated for loss potential	$	41,125,700	$	882,000	$	44,136,800	$	386,000
Individually evaluated for loss potential	—		—		—		—
Total	$	41,125,700	$	882,000	$	44,136,800	$	386,000

Schedule of information regarding accruing and non-accrual leases

	September 26, 2015
	0-60 Days Delinquent and Accruing		61-90 Days Delinquent and Accruing		Over 90 Days Delinquent and Accruing		Non-Accrual		Total
Middle-Market	$	39,972,700	$	—	$	—	$	—	$	39,972,700
Small-Ticket	1,153,000		—		—		—		1,153,000
Total Investment in Leases	$	41,125,700	$	—	$	—	$	—	$	41,125,700

	December 27, 2014
	0-60 Days Delinquent and Accruing		61-90 Days Delinquent and Accruing		Over 90 Days Delinquent and Accruing		Non-Accrual		Total
Middle-Market	$	42,948,000	$	—	$	—	$	—	$	42,948,000
Small-Ticket	1,188,800		—		—		—		1,188,800
Total Investment in Leases	$	44,136,800	$	—	$	—	$	—	$	44,136,800