Quarterly report pursuant to Section 13 or 15(d)

Revenue Disclosures (Tables)

v3.20.1
Revenue Disclosures (Tables)
 3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Contract with Customer, Asset and Liability
Changes in the Company's contract liability for deferred franchise and regional development fees during the three months ended March 31, 2020 were as follows:
Deferred Revenue
short and long-term
Balance at December 31, 2019 $ 15,107,276   
Recognized as revenue during the three months ended March 31, 2020 (720,393)  
Fees received and deferred during the three months ended March 31, 2020 938,701   
Balance at March 31, 2020 $ 15,325,584   
Changes in the Company's contract assets for deferred franchise and regional development costs during the three months ended March 31, 2020 were as follows:
Deferred Franchise and Development Costs
short and long-term
Balance at December 31, 2019 $ 4,392,733   
Recognized as cost of revenue during the three months ended March 31, 2020 (203,501)  
Costs incurred and deferred during the three months ended March 31, 2020 293,123   
Balance at March 31, 2020 $ 4,482,355   
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) as of March 31, 2020:
Contract liabilities expected to be recognized in Amount
2020 (remainder) $ 2,130,191   
2021 2,720,283   
2022 2,334,730   
2023 2,001,921   
2024 1,565,354   
Thereafter 4,573,105   
Total $ 15,325,584