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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Jul. 04, 2021
Jun. 28, 2020
Jan. 03, 2021
Dec. 29, 2019
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)            
SALES $ 2,382,683 $ 2,396,338 $ 4,323,555 $ 3,699,768 $ 8,159,796 $ 6,480,564
Restaurant operating expenses            
Food and paper costs 908,760 895,892 1,636,053 1,435,992 3,090,816 2,574,388
Labor costs 621,227 610,698 1,186,719 1,094,007 2,335,949 2,140,157
Occupancy costs 167,106 171,445 303,654 334,033 709,704 718,905
Other operating expenses 128,872 105,100 252,081 191,274 426,553 353,502
Depreciation and amortization 58,558 46,100 113,394 90,920 189,389 212,787
Impairment of assets held for sale 0 100,000 0 100,000 90,493 93,488
Impairment of goodwill         0 200,000
General and administrative 115,644 116,947 220,982 183,163 687,524 560,885
Total costs and expenses 2,000,167 2,046,182 3,712,883 3,429,389 7,630,428 6,854,112
Income from operations 382,516 350,156 610,672 270,379 529,368 (373,548)
INTEREST EXPENSE (89,661) (54,692) (128,232) (91,159) (177,757) (207,841)
INTEREST INCOME 0 64,200 0 64,200 103,623 4,402
OTHER INCOME 0 466,758 0 466,758 466,758 8,410
INCOME BEFORE TAXES 297,516 826,422 482,440 710,178 921,992 (568,577)
PROVISION FOR INCOME TAXES (85,000) (149,000) (135,000) (149,000) (130,000) 102,000
NET INCOME $ 212,516 $ 677,422 $ 347,440 $ 561,178 $ 791,922 $ (466,577)
NET INCOME PER COMMON SHARE -            
Basic and Diluted $ 0.05 $ 0.17 $ 0.09 $ 0.14 $ 0.20 $ (0.12)
WEIGHTED AVERAGE NUMBER OF SHARES USED IN COMPUTING PER COMMON SHARE AMOUNTS            
Basic and Diluted 4,047,502 4,047,502 4,047,502 4,047,502 4,047,502 4,043,989