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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Mar. 28, 2020
Dec. 28, 2019
Current Assets:    
Cash and cash equivalents $ 28,347,000 $ 25,130,300
Restricted cash 50,000 50,000
Receivables, less allowance for doubtful accounts of $2,100 and $1,900 980,500 1,669,500
Net investment in leases - current 12,422,200 12,800,100
Income tax receivable   497,900
Inventories 105,200 86,000
Prepaid expenses 1,221,900 968,100
Total current assets 43,126,800 41,201,900
Net investment in leases - long-term 8,921,700 12,505,500
Property and equipment:    
Property and equipment, net 2,680,700 2,772,600
Operating lease right of use asset 3,403,100 3,595,200
Goodwill 607,500 607,500
Other assets 496,100 492,500
Deferred income taxes 655,900 667,000
Total assets 59,891,800 61,842,200
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $13,900 and $13,900 3,986,100 3,736,100
Accounts payable 1,071,200 1,015,000
Income tax payable 1,635,600  
Accrued liabilities 2,342,000 2,783,100
Discounted lease rentals 2,436,300 2,680,700
Deferred revenue 1,714,400 1,717,000
Total current liabilities 13,185,600 11,931,900
Long-term Liabilities:    
Line of credit 40,000,000  
Notes payable, net of unamortized debt issuance costs of $65,200 and $68,700 20,809,700 21,868,800
Discounted lease rentals 1,341,400 836,900
Deferred revenue 7,765,600 7,858,500
Operating lease liabilities 5,625,100 5,846,100
Other liabilities 1,012,600 1,051,700
Total long-term liabilities 76,554,400 37,462,000
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,650,753 and 3,947,858 shares issued and outstanding   11,929,300
Retained earnings (accumulated deficit) (29,848,200) 519,000
Total shareholders' equity (deficit) (29,848,200) 12,448,300
Total liabilities and shareholders' equity (deficit) $ 59,891,800 $ 61,842,200