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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jul. 03, 2022
Jul. 04, 2021
Jul. 03, 2022
Jul. 04, 2021
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)        
SALES $ 3,524,881 $ 2,382,683 $ 5,598,076 $ 4,323,555
Restaurant operating expenses        
Food and paper costs 1,311,373 908,760 1,786,828 1,636,053
Labor costs 1,179,118 621,227 435,920 1,186,719
Occupancy costs 261,282 167,106 332,181 303,654
Other operating expenses 212,314 128,872 178,701 252,081
Depreciation and amortization expenses 109,286 58,558 178,701 113,394
General and administrative expenses 455,656 110,983 746,717 220,982
Total costs and expenses 3,529,029 1,995,506 5,513,303 3,712,883
Income from operations (4,148) 387,177 84,773 610,672
UNREALIZED LOSS ON MARKETABLE SECURITIES (80,238) 0 (80,238) 0
INTEREST AND OTHER INCOME 9,473 0 9,473 0
INTEREST EXPENSE (26,190) (89,661) (54,461) (128,232)
EQUITY IN NET LOSS OF AFFILIATE (14,172) 0 (14,172) 0
INCOME (LOSS) BEFORE TAXES (115,275) 297,516 (54,625) 482,440
INCOME TAX (EXPENSE) BENEFIT 23,000 (85,000) 5,000 (135,000)
NET INCOME (LOSS) $ (92,275) $ 212,516 $ (49,625) $ 347,440
NET INCOME (LOSS) PER COMMON SHARE - Basic and Diluted $ (0.01) $ 0.05 $ (0.01) $ 0.09
WEIGHTED AVERAGE SHARES USED IN COMPUTING PER COMMON SHARE AMOUNTS - Basic and Diluted 6,461,118 4,047,502 6,458,276 4,047,502