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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
Dec. 28, 2024
Dec. 30, 2023
Current Assets:    
Cash and cash equivalents $ 12,189,800 $ 13,361,500
Restricted cash 140,000 25,000
Receivables, less allowance for credit losses of $500 and $600 1,336,400 1,475,300
Net investment in leases   75,100
Income tax receivable 96,400 31,400
Inventories 397,600 386,100
Prepaid expenses 1,205,400 1,392,100
Total current assets 15,365,600 16,746,500
Property and equipment:    
Furniture and equipment 2,679,400 3,602,900
Building and building improvements 2,952,100 2,952,100
Less - accumulated depreciation and amortization (4,212,100) (4,885,200)
Property and equipment, net 1,419,400 1,669,800
Operating lease right of use asset 2,108,700 2,425,900
Intangible assets, net 2,640,300 2,994,300
Goodwill 607,500 607,500
Other assets 491,200 471,300
Deferred income taxes 4,211,800 4,052,400
Total assets 26,844,500 28,967,700
Current Liabilities:    
Notes payable, net of unamortized debt issuance costs of $- and $32,100   4,217,900
Accounts payable 1,562,000 1,719,400
Accrued liabilities 1,866,200 2,858,200
Deferred revenue 1,659,700 1,666,100
Total current liabilities 5,087,900 10,461,600
Long-term Liabilities:    
Line of credit/Term loan 30,000,000 30,000,000
Notes payable, net of unamortized debt issuance costs of $57,200 and $88,700 29,942,800 34,848,800
Deferred revenue 8,027,600 7,657,500
Operating lease liabilities 3,092,800 3,715,800
Other liabilities 1,739,500 1,440,100
Total long-term liabilities 72,802,700 77,662,200
Shareholders' Equity (Deficit):    
Common stock, no par value, 10,000,000 shares authorized, 3,539,744 and 3,496,977 shares issued and outstanding 14,790,500 7,768,800
Retained earnings (accumulated deficit) (65,836,600) (66,924,900)
Total shareholders' equity (deficit) (51,046,100) (59,156,100)
Total liabilities and shareholders' equity (deficit) $ 26,844,500 $ 28,967,700