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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Apr. 01, 2017
Mar. 26, 2016
OPERATING ACTIVITIES:    
Net Income $ 5,416,400 $ 4,562,900
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 98,500 109,200
Provision for credit losses (1,400) (14,400)
Compensation expense related to stock options 477,000 449,800
Loss on sale of marketable securities   6,200
Deferred initial direct costs (112,500) (180,700)
Amortization of deferred initial direct costs 125,600 100,000
Tax benefits on exercised stock options 96,100 9,700
Change in operating assets and liabilities:    
Receivables (34,200) 71,100
Restricted cash 10,000 10,000
Income tax receivable/payable 2,987,500 4,894,700
Inventories (18,700) (35,100)
Prepaid expenses 241,300 (268,500)
Accounts payable (442,200) 426,700
Accrued and other liabilities (69,100) 338,300
Rents received in advance and security deposits (86,900) 129,000
Deferred revenue 46,300 7,600
Net cash provided by operating activities 8,733,700 10,616,500
INVESTING ACTIVITIES:    
Proceeds from sale of marketable securities   17,100
Purchase of property and equipment (11,900) (19,900)
Purchase of equipment for lease contracts (7,512,900) (4,734,500)
Principal collections on lease receivables 7,289,500 5,343,400
Net cash provided by (used for) investing activities (235,300) 606,100
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 1,900,000 500,000
Payments on line of credit (9,100,000) (9,400,000)
Payments on notes payable (500,000) (500,000)
Repurchases of common stock   (1,477,800)
Proceeds from exercises of stock options 88,600 150,200
Dividends paid (416,500) (288,700)
Net cash used for financing activities (8,027,900) (11,016,300)
NET INCREASE IN CASH AND CASH EQUIVALENTS 470,500 206,300
Cash and cash equivalents, beginning of period 1,252,900 1,006,700
Cash and cash equivalents, end of period 1,723,400 1,213,000
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 519,600 635,300
Cash paid (received) for income taxes, net $ 138,107 $ (2,079,600)