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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 30, 2019
Mar. 31, 2018
OPERATING ACTIVITIES:    
Net Income $ 7,272,200 $ 6,960,400
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 80,100 75,800
Provision for credit losses 10,100 95,000
Compensation expense related to stock options 498,800 490,800
Deferred income taxes 600  
Deferred initial direct costs (14,200) (979,800)
Amortization of deferred initial direct costs 209,500 299,700
Operating lease right of use asset amortization 102,300  
Tax benefits on exercised stock options 12,100  
Change in operating assets and liabilities:    
Receivables 97,600 203,200
Principal collections on lease receivables 4,662,800  
Income tax receivable/payable 2,218,100 2,192,900
Inventories (6,200) 17,400
Prepaid expenses (52,500) 248,300
Other assets (14,100) (47,800)
Accounts payable 366,000 (5,400)
Accrued and other liabilities (1,105,000) 774,400
Rents received in advance and security deposits 6,500 (38,700)
Deferred revenue (178,700) 12,700
Net cash provided by operating activities 14,166,000 10,298,900
INVESTING ACTIVITIES:    
Purchase of property and equipment (122,700) (170,200)
Purchase of equipment for lease contracts (1,717,400) (6,196,800)
Principal collections on lease receivables   5,881,000
Net cash used for investing activities (1,840,100) (486,000)
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 14,000,000  
Payments on line of credit (2,500,000) (10,800,000)
Payments on notes payable (812,500) (812,500)
Repurchases of common stock (24,028,100)  
Proceeds from exercises of stock options 156,600 48,400
Dividends paid (586,100) (423,200)
Proceeds from discounted lease rentals   2,916,800
Net cash used for financing activities (13,770,100) (9,070,500)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,444,200) 742,400
Cash, cash equivalents and restricted cash, beginning of period 2,576,000 1,163,200
Cash, cash equivalents and restricted cash, end of period $ 1,131,800 $ 1,905,600