Quarterly report pursuant to Section 13 or 15(d)

Revenue Disclosures (Tables)

v3.22.1
Revenue Disclosures (Tables)
 3 Months Ended
Mar. 31, 2022
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, 2022 were as follows:
Deferred Revenue
short and long-term
Balance at December 31, 2021 $ 18,650,813 
Revenue recognized that was included in the contract liability at the beginning of the year (833,633)
Net increase during the three months ended March 31, 2022 723,812 
Balance at March 31, 2022 $ 18,540,992 
The Company's deferred franchise and development costs represent capitalized sales commissions. Changes during the three months ended March 31, 2022 were as follows:
Deferred Franchise and Development Costs
short and long-term
Balance at December 31, 2021 $ 6,500,007 
Recognized as cost of revenue during the year (261,789)
Net increase during the three months ended March 31, 2022 348,481 
Balance at March 31, 2022 $ 6,586,699 
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, 2022:
Contract liabilities expected to be recognized in Amount
2022 (remainder) $ 2,400,777 
2023 2,942,332 
2024 2,481,706 
2025 2,284,526 
2026 2,181,117 
Thereafter 6,250,534 
Total $ 18,540,992