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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Sep. 25, 2021
Dec. 26, 2020
Current Assets:    
Cash and cash equivalents $ 37,569,100 $ 6,659,000
Restricted cash 15,000 25,000
Receivables, less allowance for doubtful accounts of $1,200 and $800 1,394,900 1,581,900
Net investment in leases - current 3,884,600 8,687,500
Income tax receivable 188,200 221,200
Inventories 408,600 106,600
Prepaid expenses 958,700 995,200
Total current assets 44,419,100 18,276,400
Net investment in leases - long-term 1,157,000 4,573,600
Property and equipment, net 2,055,800 2,332,800
Operating lease right of use asset 3,059,300 3,226,300
Goodwill 607,500 607,500
Other assets 416,900 435,900
Deferred income taxes 3,256,200 1,890,700
Total assets 54,971,800 31,343,200
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $17,400 and $13,900 4,232,600 4,236,100
Accounts payable 1,988,600 1,769,600
Accrued liabilities 2,918,800 2,624,000
Discounted lease rentals   1,096,600
Deferred revenue 1,643,900 1,657,400
Total current liabilities 10,783,900 11,383,700
Long-term Liabilities:    
Notes payable, net of unamortized debt issuance costs of $65,500 and $54,800 44,434,500 17,632,700
Discounted lease rentals   574,000
Deferred revenue 6,849,600 7,050,900
Operating lease liabilities 4,946,900 5,307,400
Other liabilities 759,000 773,200
Total long-term liabilities 56,990,000 31,338,200
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,623,538 and 3,756,028 shares issued and outstanding   9,281,800
Retained earnings (accumulated deficit) (12,802,100) (20,660,500)
Total shareholders' equity (deficit) (12,802,100) (11,378,700)
Total liabilities and shareholders' equity (deficit) $ 54,971,800 $ 31,343,200