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Investment in Leasing Operations: (Tables)

12 Months Ended

Dec. 31, 2022

Investment in Leasing Operations:

Schedule of investment in leasing operations


		December 31, 2022			December 25, 2021
Direct financing and sales-type leases:
Minimum lease payments receivable		$	294,100		$	3,387,500
Estimated unguaranteed residual value of equipment			461,700			1,316,100
Unearned lease income, net of initial direct costs deferred			(103,800)			(418,100)
Security deposits			(303,300)			(1,122,500)
Total investment in direct financing and sales-type leases			348,700			3,163,000
Allowance for credit losses			(7,100)			(63,600)
Net investment in direct financing and sales-type leases			341,600			3,099,400
Operating leases:
Operating lease assets			716,100			626,200
Less accumulated depreciation and amortization			(707,400)			(605,700)
Net investment in operating leases			8,700			20,500
Total net investment in leasing operations		$	350,300		$	3,119,900

Schedule of future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred

Future minimum lease payments receivable under lease contracts and the amortization of unearned lease income, net of initial direct costs deferred, is as follows as of December 31, 2022:


		Direct Financing and Sales-Type Leases
		Minimum Lease			Income
Fiscal Year		Payments Receivable			Amortization
2023		$	290,600		$	103,700
2024			3,500			100
		$	294,100		$	103,800

Schedule of activity in the allowance for credit losses for leasing operations


		December 31, 2022			December 25, 2021			December 26, 2020
Balance at beginning of period		$	63,600		$	270,200		$	580,600
Provisions charged to expense			(57,900)			(206,600)			(79,300)
Recoveries			1,400			—			(11,800)
Deductions for amounts written-off			—			—			(219,300)
Balance at end of period		$	7,100		$	63,600		$	270,200

Schedule of investment in direct financing and sales-type leases ("Investment in Leases") and allowance for credit losses by loss evaluation methodology


		December 31, 2022						December 25, 2021
		Investment			Allowance for			Investment			Allowance for
		In Leases			Credit Losses			In Leases			Credit Losses
Collectively evaluated for loss potential		$	348,700		$	7,100		$	3,163,000		$	63,600
Individually evaluated for loss potential			—			—			—			—
Total		$	348,700		$	7,100		$	3,163,000		$	63,600

Schedule of information regarding accruing and non-accrual leases


		December 31, 2022
		0-60 Days			61-90 Days			Over 90 Days
		Delinquent			Delinquent			Delinquent and
		and Accruing			and Accruing			Accruing			Non-Accrual			Total

Total investment in leases		$	348,700		$	—		$	—		$	—		$	348,700


		December 25, 2021
		0-60 Days			61-90 Days			Over 90 Days
		Delinquent			Delinquent			Delinquent and
		and Accruing			and Accruing			Accruing			Non-Accrual			Total

Total investment in leases		$	3,163,000		$	—		$	—		$	—		$	3,163,000

Schedule of components of leasing income


		Year Ended			Year Ended			Year Ended
		December 31, 2022			December 25, 2021			December 26, 2020
Interest income on direct financing and sales-type leases		$	760,500		$	1,755,200		$	3,651,700
Selling profit (loss) at commencement of sales-type leases			1,326,900			1,829,800			2,117,500
Operating lease income			2,243,300			2,017,300			2,346,500
Income on sales of equipment under lease			1,798,000			4,799,400			5,246,000
Other			809,000			746,600			1,122,300
Leasing income		$	6,937,700		$	11,148,300		$	14,484,000