Investment in Leasing Operations: (Tables)

3 Months Ended

Mar. 29, 2014

Schedule of investment in leasing operations

	March 29, 2014			December 28, 2013
Direct financing and sales-type leases:
Minimum lease payments receivable	$	38,245,300		$	35,450,900
Estimated residual value of equipment	3,953,400			4,348,800
Unearned lease income net of initial direct costs deferred	(6,700,400		)	(4,963,400		)
Security deposits	(3,276,300		)	(3,325,600		)
Equipment installed on leases not yet commenced	8,570,300			6,718,000
Total investment in direct financing and sales-type leases	40,792,300			38,228,700
Allowance for credit losses	(870,600		)	(822,700		)
Net investment in direct financing and sales-type leases	39,921,700			37,406,000

Operating leases:

Operating lease assets	375,200			1,353,500
Less accumulated depreciation and amortization	(280,300		)	(1,218,200		)
Net investment in operating leases	94,900			135,300

Total net investment in leasing operations	$	40,016,600		$	37,541,300

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 2014 and the full fiscal years thereafter as of March 29, 2014:

	Direct Financing and Sales-Type Leases				Operating Leases
	Minimum Lease Payments Receivable		Income Amortization		Minimum Lease Payments Receivable
2014	$	17,918,600	$	4,101,800	$	204,800
2015	15,189,200		2,200,900		76,800
2016	4,953,500		396,500		—
2017	184,000		1,200		—
2018	—		—		—
Thereafter	—		—		—
	$	38,245,300	$	6,700,400	$	281,600

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

	March 29, 2014		March 30, 2013
Balance at beginning of period	$	822,700	$	775,800
Provisions charged to expense	38,900		13,800
Recoveries	9,000		21,300
Deductions for amounts written-off	—		(10,900		)
Balance at end of period	$	870,600	$	800,000

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

	March 29, 2014				December 28, 2013
	Investment In Leases		Allowance for Credit Losses		Investment In Leases		Allowance for Credit Losses
Collectively evaluated for loss potential	$	40,792,300	$	870,600	$	38,228,700	$	822,700
Individually evaluated for loss potential	—		—		—		—
Total	$	40,792,300	$	870,600	$	38,228,700	$	822,700

Schedule of information regarding accruing and non-accrual leases

	March 29, 2014
	0-60 Days Delinquent and Accruing		61-90 Days Delinquent and Accruing		Over 90 Days Delinquent and Accruing		Non-Accrual		Total
Middle-Market	$	39,281,800	$	—	$	—	$	322,300	$	39,604,100
Small-Ticket	1,188,200		—		—		—		1,188,200
Total Investment in Leases	$	40,470,000	$	—	$	—	$	322,300	$	40,792,300

	December 28, 2013
	0-60 Days Delinquent and Accruing		61-90 Days Delinquent and Accruing		Over 90 Days Delinquent and Accruing		Non-Accrual		Total
Middle-Market	$	36,716,100	$	—	$	—	$	416,400	$	37,132,500
Small-Ticket	1,096,200		—		—		—		1,096,200
Total Investment in Leases	$	37,812,300	$	—	$	—	$	416,400	$	38,228,700