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Segment Reporting:

3 Months Ended

Mar. 29, 2025

Segment Reporting:

Segment Reporting:

11. Segment Reporting:

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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 chief operating decision maker (“CODM”) is its Chief Executive Officer. The Company’s 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:

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​	​	​	​	​	​	​
​	​	Three Months Ended
​		March 29, 2025			March 30, 2024
Revenue:	​	​	​	​	​	​
Franchising	​	$	19,611,900	​	$	19,272,700
Other	​		2,307,800	​		836,800
Total revenue	​	$	21,919,700	​	$	20,109,500
​	​	​	​	​	​	​
Franchising segment operating expenses:	​	​	​	​	​	​
Merchandise COGS	​	$	888,300	​	$	1,038,900
Selling, general and administrative expenses	​	​	7,351,300	​	​	6,757,900
Total franchising segment expenses	​	$	8,239,600	​	$	7,796,800
​	​	​	​	​	​	​
Reconciliation to operating income:	​	​	​	​	​	​
Franchising segment income from operations	​	$	11,372,300	​	$	11,475,900
Other operating segment income from operations	​		2,224,300	​		742,300
Total income from operations	​	$	13,596,600	​	$	12,218,200
​	​	​	​	​	​	​
Depreciation and amortization:	​	​	​	​	​	​
Franchising	​	$	185,700	​	$	165,400
Other	​		—	​		31,400
Total depreciation and amortization	​	$	185,700	​	$	196,800

​

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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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