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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Jun. 26, 2021
Dec. 26, 2020
Current Assets:    
Cash and cash equivalents $ 7,223,300 $ 6,659,000
Restricted cash 25,000 25,000
Receivables, less allowance for doubtful accounts of $1,000 and $800 1,176,300 1,581,900
Net investment in leases - current 6,005,300 8,687,500
Income tax receivable 695,200 221,200
Inventories 329,400 106,600
Prepaid expenses 687,200 995,200
Total current assets 16,141,700 18,276,400
Net investment in leases - long-term 1,779,400 4,573,600
Property and equipment, net 2,158,200 2,332,800
Operating lease right of use asset 3,116,400 3,226,300
Goodwill 607,500 607,500
Other assets 418,100 435,900
Deferred income taxes 2,798,100 1,890,700
Total assets 27,019,400 31,343,200
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $13,900 and $13,900 4,236,100 4,236,100
Accounts payable 1,458,000 1,769,600
Accrued liabilities 3,102,600 2,624,000
Discounted lease rentals 816,200 1,096,600
Deferred revenue 1,650,200 1,657,400
Total current liabilities 11,263,100 11,383,700
Long-term Liabilities:    
Notes payable, net of unamortized debt issuance costs of $47,900 and $54,800 15,514,600 17,632,700
Discounted lease rentals 217,200 574,000
Deferred revenue 6,937,800 7,050,900
Operating lease liabilities 5,063,500 5,307,400
Other liabilities 763,700 773,200
Total long-term liabilities 28,496,800 31,338,200
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,668,019 and 3,756,028 shares issued and outstanding   9,281,800
Retained earnings (accumulated deficit) (12,740,500) (20,660,500)
Total shareholders' equity (deficit) (12,740,500) (11,378,700)
Total liabilities and shareholders' equity (deficit) $ 27,019,400 $ 31,343,200