Note 3 - Leasing Arrangements

6 Months Ended

Dec. 29, 2019

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

3.

     Leasing arrangements

As of

December 29, 2019,

the Company leased

one

bowling center.  The lease is classified as an operating lease in accordance with ASU

2016

-

02.

  For the

26

week period ended

December 29, 2019,

the Company recorded amortization of its right to use asset under the lease of

$85,372

which is included as a component of rent expense.  The lease liability at

December 29, 2019

was

$1,898,406.

The current portion of the lease liability of

$148,873

is included in other current liabilities on the accompanying condensed consolidated balance sheet.