Note 3 - Leasing Arrangements

9 Months Ended

Mar. 29, 2020

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

3.

    Leasing arrangements

As of

March 29, 2020,

the Company leased

one

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

2016

-

02.

  For the

39

week period ended

March 29, 2020,

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

$124,758

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

March 29, 2020

was

$1,861,856.

The current portion of the lease liability of

$150,672

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