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Segment Reporting:
 9 Months Ended
Sep. 30, 2023
Segment Reporting:  
Segment Reporting:

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11. Segment Reporting:

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For 2022, the Company’s leasing business did not reach any of the quantitative thresholds for a reportable segment, and the Company does not expect the results from its leasing business to be of significance in future periods. The revenues and operating income from the Company’s leasing business are included in Other in its reportable segment disclosures. During 2022, the segment asset information was no longer provided to the Company’s Chief Operating Decision Maker and therefore is not disclosed below. Disclosures for 2022 have been recast to be consistent with the 2023 presentation.

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The Company currently has one reportable operating segment, franchising, and one non-reportable operating segment. The franchising segment franchises value-oriented retail store concepts that buy, sell and trade merchandise. The non-reportable operating segment includes the Company’s equipment leasing business. Segment reporting is intended to give financial statement users a better view of how the Company manages and evaluates its businesses. The Company’s internal management reporting is the basis for the information disclosed for its operating segments. The following tables summarize financial information by segment and provide a reconciliation of segment contribution to operating income:

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Three Months Ended

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Nine Months Ended

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September 30, 2023

    

September 24, 2022

    

September 30, 2023

    

September 24, 2022

Revenue:

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Franchising

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$

21,025,900

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$

19,402,400

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$

59,254,900

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$

54,439,300

Other

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1,291,900

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1,762,100

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3,948,700

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5,845,800

Total revenue

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$

22,317,800

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$

21,164,500

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$

63,203,600

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$

60,285,100

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Reconciliation to operating income:

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Franchising segment contribution

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$

13,971,400

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$

13,346,800

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$

37,562,800

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$

36,289,900

Other operating segment contribution

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1,151,100

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1,074,300

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3,198,900

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3,924,500

Total operating income

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$

15,122,500

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$

14,421,100

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$

40,761,700

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$

40,214,400

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