Quarterly report pursuant to Section 13 or 15(d)

Revenue Disclosures (Tables)

v3.20.2
Revenue Disclosures (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2020 were as follows:
Deferred Revenue
short and long-term
Balance at December 31, 2019 $ 15,107,276 
Recognized as revenue during the nine months ended September 30, 2020
 (2,199,820)
Fees received and deferred during the nine months ended September 30, 2020
 2,487,944 
Balance at September 30, 2020 $ 15,395,400 
Changes in the Company's contract assets for deferred franchise and regional development costs during the nine months ended September 30, 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 nine months ended September 30, 2020
 (625,066)
Costs incurred and deferred during the nine months ended September 30, 2020
 818,974 
Balance at September 30, 2020 $ 4,586,641 
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 September 30, 2020:
Contract liabilities expected to be recognized in Amount
2020 (remainder) $ 752,271 
2021 2,882,481 
2022 2,502,259 
2023 2,177,666 
2024 1,700,429 
Thereafter 5,380,294 
Total $ 15,395,400