LEASEHOLD INTERESTS

12 Months Ended

Sep. 27, 2014

NOTE 3. LEASEHOLD INTERESTS

	2014		2013

Leasehold interests, at cost	$	3,024,000	$	3,024,000
Less accumulated amortization		2,115,000		1,981,000
	$	909,000	$	1,043,000

Future leasehold amortization as of September 27, 2014 is as follows:


2015	$	128,000
2016		122,000
2017		122,000
2018		122,000
2019		122,000
Thereafter		293,000
Total	$	909,000

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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