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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 26, 2016
Mar. 28, 2015
OPERATING ACTIVITIES:    
Net Income $ 4,562,900 $ 6,054,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 109,200 107,600
Provision for credit losses (14,400) (69,100)
Compensation expense related to stock options 449,800 405,300
Deferred income taxes   (1,027,300)
Loss on sale of marketable securities 6,200 22,800
Deferred initial direct costs (180,700) (154,900)
Amortization of deferred initial direct costs 100,000 259,400
Tax benefits on exercised stock options (9,700) (16,600)
Change in operating assets and liabilities:    
Receivables 71,100 139,200
Restricted cash 10,000  
Income tax receivable/payable 4,904,400 5,662,900
Inventories (35,100) 17,400
Prepaid expenses (268,500) (62,700)
Accounts payable 426,700 507,300
Accrued and other liabilities 338,300 (14,100)
Rents received in advance and security deposits 129,000 (242,100)
Deferred revenue 7,600 158,100
Net cash provided by operating activities 10,606,800 11,747,500
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities 17,100 299,000
Purchase of marketable securities   (33,800)
Purchase of property and equipment (19,900) (52,700)
Purchase of equipment for lease contracts (4,734,500) (7,873,100)
Principal collections on lease receivables 5,343,400 9,166,900
Net cash provided by investing activities 606,100 1,506,300
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 500,000 600,000
Payments on line of credit (9,400,000) (13,500,000)
Payments on notes payable (500,000)  
Repurchases of common stock (1,477,800)  
Proceeds from exercises of stock options 150,200 100
Dividends paid (288,700) (299,900)
Tax benefits on exercised stock options 9,700 16,600
Net cash used for financing activities (11,006,600) (13,183,200)
NET INCREASE IN CASH AND CASH EQUIVALENTS 206,300 70,600
Cash and cash equivalents, beginning of period 1,006,700 2,089,700
Cash and cash equivalents, end of period 1,213,000 2,160,300
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 635,300 103,500
Cash paid (received) for income taxes, net $ (2,079,600) $ (860,600)