Revenue Disclosures (Tables)
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6 Months Ended |
Jun. 30, 2025 |
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| Revenue from Contract with Customer [Abstract] |
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| Schedule of Disaggregation of Revenue |
The following table shows the Company’s revenues disaggregated according to the timing of transfer of services:
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Three Months Ended
June 30, |
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Six Months Ended
June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
| Revenue recognized at a point in time |
$ |
11,020,509 |
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$ |
10,475,897 |
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$ |
21,807,613 |
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$ |
20,617,963 |
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| Revenue recognized over time |
2,249,761 |
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2,134,139 |
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4,540,247 |
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4,176,789 |
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| Total revenue |
$ |
13,270,270 |
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$ |
12,610,036 |
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$ |
26,347,860 |
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$ |
24,794,752 |
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| Schedule of Rollforward of Accounts Receivable |
Changes in the Company’s accounts receivable, net during the six months ended June 30, 2025 were as follows:
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Accounts Receivable, Net |
| Balance at December 31, 2023 |
$ |
2,580,589 |
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| Balance at December 31, 2024 |
$ |
2,586,381 |
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| Cash received against accounts receivable included at the beginning of the year |
(2,181,550) |
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| Net increase during the six months ended June 30, 2025 |
2,385,891 |
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| Balance at June 30, 2025 |
$ |
2,790,722 |
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| Schedule of Rollforward of Contract Liabilities Contract Assets |
Changes in the Company’s contract liability for deferred franchise fees during the six months ended June 30, 2025 were as follows:
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Deferred Revenue
short and long-term |
| Balance at December 31, 2023 |
$ |
16,113,879 |
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| Balance at December 31, 2024 |
$ |
14,997,105 |
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| Revenue recognized that was included in the contract liability at the beginning of the year |
(1,662,396) |
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| Net increase during the six months ended June 30, 2025 |
1,181,468 |
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| Balance at June 30, 2025 |
$ |
14,516,177 |
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The Company’s deferred franchise and development costs represent capitalized sales commissions. Changes during the six months ended June 30, 2025 were as follows:
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Deferred Franchise and Development Costs
short and long-term |
| Balance at December 31, 2023 |
$ |
6,251,366 |
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| Balance at December 31, 2024 |
$ |
5,569,473 |
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| Cost of revenue recognized that was included in the contract asset at the beginning of the year |
(509,353) |
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| Net increase during the six months ended June 30, 2025 |
188,115 |
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| Balance at June 30, 2025 |
$ |
5,248,235 |
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| Schedule of Estimated Revenue Related to Performance Obligations |
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 June 30, 2025:
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| Contract liabilities expected to be recognized in |
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Amount |
| 2025 (remainder) |
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$ |
1,298,565 |
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| 2026 |
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2,521,378 |
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| 2027 |
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2,415,307 |
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| 2028 |
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2,256,657 |
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| 2029 |
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1,905,196 |
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| Thereafter |
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4,119,075 |
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| Total |
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$ |
14,516,177 |
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