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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 28, 2020
Mar. 30, 2019
OPERATING ACTIVITIES:    
Net Income $ 7,317,000 $ 7,272,200
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 123,100 80,100
Provision for credit losses 615,400 10,100
Compensation expense related to stock options 140,300 498,800
Deferred income taxes 11,100 600
Deferred initial direct costs (8,500) (14,200)
Amortization of deferred initial direct costs 37,200 209,500
Operating lease right of use asset amortization 192,100 102,300
Tax benefits on exercised stock options 87,000 12,100
Change in operating assets and liabilities:    
Receivables 689,000 97,600
Principal collections on lease receivables 4,988,400 4,662,800
Income tax receivable/payable 2,046,500 2,218,100
Inventories (19,200) (6,200)
Prepaid expenses (253,800) (52,500)
Other assets (3,600) (14,100)
Accounts payable 56,200 366,000
Accrued and other liabilities (674,200) (1,105,000)
Rents received in advance and security deposits (885,300) 6,500
Deferred revenue (95,500) (178,700)
Net cash provided by operating activities 14,363,200 14,166,000
INVESTING ACTIVITIES:    
Purchase of property and equipment (31,200) (122,700)
Purchase of equipment for lease contracts (1,706,000) (1,717,400)
Net cash provided by (used for) investing activities (1,737,200) (1,840,100)
FINANCING ACTIVITIES:    
Proceeds from borrowings on line of credit 45,700,000 14,000,000
Payments on line of credit (5,700,000) (2,500,000)
Payments on notes payable (812,500) (812,500)
Repurchases of common stock (48,987,500) (24,028,100)
Proceeds from exercises of stock options 145,900 156,600
Dividends paid (912,200) (586,100)
Proceeds from discounted lease rentals 1,157,000  
Net cash used for financing activities (9,409,300) (13,770,100)
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 3,216,700 (1,444,200)
Cash, cash equivalents and restricted cash, beginning of period 25,180,300 2,576,000
Cash, cash equivalents and restricted cash, end of period $ 28,397,000 $ 1,131,800