Quarterly report pursuant to Section 13 or 15(d)

Revenue Disclosures (Tables)

v3.22.2.2
Revenue Disclosures (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Schedule of 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, 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 (2,397,451)
Net increase during the nine months ended September 30, 2022 2,325,811 
Balance at September 30, 2022 $ 18,579,173 
The Company's deferred franchise and development costs represent capitalized sales commissions. Changes during the nine months ended September 30, 2022 were as follows:
Deferred Franchise and Development Costs
short and long-term
Balance at December 31, 2021 $ 6,500,007 
Cost of revenue recognized that was included in the contract asset at the beginning of the year (777,114)
Net increase during the nine months ended September 30, 2022 931,334 
Balance at September 30, 2022 $ 6,654,227 
Schedule of 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, 2022:
Contract liabilities expected to be recognized in Amount
2022 (remainder) $ 779,185 
2023 2,904,946 
2024 2,657,763 
2025 2,460,418 
2026 2,359,896 
Thereafter 7,416,965 
Total $ 18,579,173