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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Mar. 26, 2022
Dec. 25, 2021
Current Assets:    
Cash and cash equivalents $ 287,500 $ 11,407,000
Restricted cash 55,000 30,000
Receivables, less allowance for doubtful accounts of $500 and $600 1,473,300 1,103,400
Net investment in leases - current 2,593,000 2,890,600
Income tax receivable   667,500
Inventories 492,300 325,200
Prepaid expenses 985,100 1,008,600
Total current assets 5,886,200 17,432,300
Net investment in leases - long-term 165,000 229,300
Property and equipment, net 1,895,900 1,976,900
Operating lease right of use asset 2,921,700 2,982,000
Goodwill 607,500 607,500
Other assets 428,700 418,300
Deferred income taxes 3,365,900 3,252,700
Total assets 15,270,900 26,899,000
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $17,400 and $17,400 4,232,600 4,232,600
Accounts payable 1,896,000 2,099,000
Income tax payable 2,374,300  
Accrued liabilities 2,515,400 2,001,000
Deferred revenue 1,634,400 1,645,000
Total current liabilities 12,652,700 9,977,600
Long-term Liabilities:    
Line of credit 13,600,000  
Notes payable, net of unamortized debt issuance costs of $56,800 and $61,100 42,318,200 43,376,400
Deferred revenue 6,831,000 6,863,500
Operating lease liabilities 4,686,700 4,810,100
Other liabilities 950,000 954,800
Total long-term liabilities 68,385,900 56,004,800
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,480,376 and 3,635,806 shares issued and outstanding
Retained earnings (accumulated deficit) (65,767,700) (39,083,400)
Total shareholders' equity (deficit) (65,767,700) (39,083,400)
Total liabilities and shareholders' equity (deficit) $ 15,270,900 $ 26,899,000