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CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 28, 2024
Dec. 30, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net Income $ 39,954,200 $ 40,178,100 $ 39,424,900
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation of property and equipment 445,300 418,700 411,400
Amortization of intangible assets 354,000 354,000 191,700
Provisions for credit losses (1,500) (5,600) (57,900)
Compensation expense related to stock options 1,988,000 1,952,400 1,652,400
Deferred income taxes (159,400) (512,000) (287,700)
Gain from disposal of property and equipment     (9,400)
Operating lease right of use asset amortization 317,100 290,100 266,000
Tax benefits on exercised stock options 1,307,700 1,138,500 858,300
Change in operating assets and liabilities:      
Receivables 138,900 (36,700) (335,200)
Principal collections on lease receivables 104,700 556,000 3,646,700
Income tax receivable/payable (1,372,800) (611,200) (749,500)
Inventories (11,500) 384,500 (445,400)
Prepaid expenses 186,700 (81,700) (301,800)
Other assets (19,900) (41,600) (11,400)
Accounts payable (157,400) (402,600) 23,000
Accrued and other liabilities (1,251,900) (16,900) 222,800
Rents received in advance and security deposits (28,000) (275,200) (819,200)
Deferred revenue 363,700 705,500 109,600
Net cash provided by operating activities 42,157,900 43,994,300 43,789,300
INVESTING ACTIVITIES:      
Proceeds from sales of property and equipment     9,400
Purchase of property and equipment (194,900) (383,900) (139,100)
Reacquired franchise rights     (3,540,000)
Net cash used for investing activities (194,900) (383,900) (3,669,700)
FINANCING ACTIVITIES:      
Proceeds from borrowings on line of credit/term loan     33,700,000
Payments on line of credit/term loan     (3,700,000)
Payments on notes payable (9,187,500) (4,250,000) (4,250,000)
Repurchases of common stock     (49,119,800)
Proceeds from exercises of stock options 5,033,700 4,009,700 4,751,700
Dividends paid (38,865,900) (43,664,200) (19,257,900)
Net cash used for financing activities (43,019,700) (43,904,500) (37,876,000)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,056,700) (294,100) 2,243,600
Cash, cash equivalents and restricted cash, beginning of period 13,386,500 13,680,600 11,437,000
Cash, cash equivalents and restricted cash, end of period $ 12,329,800 $ 13,386,500 $ 13,680,600