Investment in Leasing Operations: (Tables)

6 Months Ended

Jun. 25, 2016

Investment in Leasing Operations:

Schedule of investment in leasing operations

	June 25, 2016			December 26, 2015
Direct financing and sales-type leases:
Minimum lease payments receivable	$	34,906,500		$	37,181,600
Estimated residual value of equipment	4,417,700			4,511,000
Unearned lease income net of initial direct costs deferred	(5,033,200		)	(4,999,700		)
Security deposits	(3,850,400		)	(3,640,500		)
Equipment installed on leases not yet commenced	7,167,500			6,754,200
Total investment in direct financing and sales-type leases	37,608,100			39,806,600
Allowance for credit losses	(817,100		)	(859,100		)
Net investment in direct financing and sales-type leases	36,791,000			38,947,500
Operating leases:
Operating lease assets	1,147,300			1,083,300
Less accumulated depreciation and amortization	(974,100		)	(1,043,300		)
Net investment in operating leases	173,200			40,000
Total net investment in leasing operations	$	36,964,200		$	38,987,500

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
2016	$	12,004,400	$	2,240,000	$	41,300
2017	16,095,000		2,304,900		18,000
2018	6,167,600		473,300		—
2019	611,400		12,000		—
2020	8,400		1,500		—
Thereafter	19,700		1,500		—
	$	34,906,500	$	5,033,200	$	59,300

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

	June 25, 2016			June 27, 2015
Balance at beginning of period	$	859,100		$	386,000
Provisions charged to expense	(22,300		)	(162,200		)
Recoveries	9,600			630,300
Deductions for amounts written-off	(29,300		)	(9,300		)
Balance at end of period	$	817,100		$	844,800

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

	June 25, 2016				December 26, 2015
	Investment In Leases		Allowance for Credit Losses		Investment In Leases		Allowance for Credit Losses
Collectively evaluated for loss potential	$	37,608,100	$	817,100	$	39,806,600	$	859,100
Individually evaluated for loss potential	—		—		—		—
Total	$	37,608,100	$	817,100	$	39,806,600	$	859,100

Schedule of information regarding accruing and non-accrual leases

	June 25, 2016
	0-60 Days Delinquent and Accruing		61-90 Days Delinquent and Accruing		Over 90 Days Delinquent and Accruing		Non-Accrual		Total
Middle-Market	$	36,403,700	$	—	$	—	$	—	$	36,403,700
Small-Ticket	1,204,400		—		—		—		1,204,400
Total Investment in Leases	$	37,608,100	$	—	$	—	$	—	$	37,608,100

	December 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	$	38,616,600	$	—	$	—	$	—	$	38,616,600
Small-Ticket	1,185,800		4,200		—		—		1,190,000
Total Investment in Leases	$	39,802,400	$	4,200	$	—	$	—	$	39,806,600