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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
CONSOLIDATED STATEMENTS OF INCOME (Unaudited)        
SALES $ 2,374,454 $ 1,850,167 $ 6,074,222 $ 5,116,161
Restaurant operating expenses        
Food and paper costs 863,997 727,095 2,299,989 2,021,258
Labor costs 624,696 570,220 1,718,703 1,624,219
Occupancy costs 170,199 156,074 504,142 538,963
Other operating expenses 121,827 108,148 313,101 259,289
Depreciation and Amortization 49,668 51,097 140,588 171,563
Impairment of assets held for sale 0 0 100,000 93,488
General and administrative 188,292 135,695 371,455 426,968
Total costs and expenses 2,018,589 1,748,329 5,447,978 5,135,748
Income (loss) from operations 355,865 101,838 626,244 (19,587)
INTEREST INCOME 28,507 0 92,707 0
OTHER INCOME 0 0 466,758 0
INTEREST EXPENSE (45,188) (73,211) (136,347) (159,964)
INCOME (LOSS) BEFORE TAXES 339,184 28,627 1,049,362 (179,551)
PROVISION FOR INCOME TAXES (85,000) 0 (234,000) 0
NET INCOME (LOSS) $ 254,184 $ 28,627 $ 815,362 $ (179,551)
NET INCOME (LOSS) PER COMMON SHARE - Basic and Diluted $ 0.03 $ (0.00) $ 0.10 $ (0.00)
WEIGHTED AVERAGE SHARES USED IN COMPUTING PER COMMON SHARE AMOUNTS - Basic and Diluted 8,095,004 8,086,004 8,095,004 8,086,004