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Segment Reporting:
 6 Months Ended
Jun. 28, 2025
Segment Reporting:  
Segment Reporting:

11. Segment Reporting:

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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 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

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Six Months Ended

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June 28, 2025

    

June 29, 2024

    

June 28, 2025

    

June 29, 2024

Revenue:

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Franchising

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$

20,370,200

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$

19,596,100

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$

39,981,900

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$

38,869,000

Other

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46,600

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524,400

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2,354,500

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1,361,200

Total revenue

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$

20,416,800

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$

20,120,500

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$

42,336,400

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$

40,230,200

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Franchising segment operating expenses:

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Merchandise COGS

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$

766,500

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$

861,100

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$

1,654,800

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$

1,900,000

Selling, general and administrative expenses

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6,585,000

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6,145,800

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13,936,300

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12,903,700

Total franchising segment expenses

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$

7,351,500

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$

7,006,900

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$

15,591,100

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$

14,803,700

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Reconciliation to operating income:

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Franchising segment income from operations

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$

13,018,700

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$

12,589,300

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$

24,390,900

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$

24,065,200

Other operating segment income from operations

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42,400

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428,300

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2,266,700

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1,170,600

Total income from operations

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$

13,061,100

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$

13,017,600

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$

26,657,600

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$

25,235,800

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Depreciation and amortization:

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Franchising

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$

187,600

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$

173,000

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$

373,300

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$

338,400

Other

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—

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31,400

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—

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62,900

Total depreciation and amortization

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$

187,600

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$

204,400

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$

373,300

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$

401,300

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