Note 3 - Leasing Arrangements

3 Months Ended

Sep. 27, 2020

Notes to Financial Statements

Lessee, Operating Leases [Text Block]

3.

     Leasing arrangements

As of

September 27, 2020,

the Company leases

one

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

2016

-

02.

  For the

first

quarter ended

September 27, 2020,

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

$40,275

which is included as a component of rent expense.  The related long-term lease liability at

September 27, 2020

was

$1,633,090.

The current portion of the lease liability of

$154,335

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