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Segment Reporting:

12 Months Ended

Dec. 28, 2024

Segment Reporting:

Segment Reporting:

13.     Segment Reporting:

The Company currently has one reportable business 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 CODM is its Chief Executive Officer. Our CODM primarily reviews revenue and income from operations for purposes of allocating resources and evaluating financial performance. Expenses are reviewed on a consolidated basis. 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 income from operations:

​

​	​	​	​	​	​	​	​	​	​
​	Year ended
​	December 28, 2024			December 30, 2023			December 31, 2022
Revenue:	​	​	​	​	​	​	​	​	​
Franchising	$	79,477,300	​	$	78,477,300	​	$	74,473,100	​
Other		1,811,800	​		4,766,200	​		6,937,700	​
Total revenue	$	81,289,100	​	$	83,243,500	​	$	81,410,800	​
​	​	​	​	​	​	​	​	​	​
Franchising segment operating expenses:	​	​	​	​	​	​	​	​	​
Merchandise COGS	$	3,379,200	​	$	4,461,500	​	$	3,712,800	​
Selling, general and administrative expenses	​	24,504,800	​	​	24,639,900	​	​	21,752,400	​
Total franchising segment expenses	$	27,884,000	​	$	29,101,400	​	$	25,465,200	​
​	​	​	​	​	​	​	​	​	​
Reconciliation to operating income:	​	​	​	​	​	​	​	​	​
Franchising segment income from operations	$	51,593,300	​	$	49,375,900	​	$	49,007,900	​
Other operating segment income from operations		1,337,300	​		3,904,700	​		4,604,900	​
Total income from operations	$	52,930,600	​	$	53,280,600	​	$	53,612,800	​
​	​	​	​	​	​	​	​	​	​
Depreciation and amortization:	​	​	​	​	​	​	​	​	​
Franchising	$	715,500	​	$	646,900	​	$	463,100	​
Other		83,800	​		125,800	​		140,000	​
Total depreciation and amortization	$	799,300	​	$	772,700	​	$	603,100	​

​

​

​	​	​	​	​	​	​
​	​	As of
​		December 28, 2024			December 30, 2023
Identifiable assets:	​	​	​	​	​	​
Franchising	​	$	7,289,500	​	$	7,570,000
Other	​		19,400	​		281,200
Unallocated	​		19,535,600	​		21,116,500
Total	​	$	26,844,500	​	$	28,967,700

​

Revenues are all generated from United States operations other than franchising revenues from Canadian operations of $7.3 million, $6.8 million and $6.4 million in each of fiscal 2024, 2023 and 2022, respectively. All long-lived assets are located within the United States.

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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