Revenue Disclosures (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Revenue from Contract with Customer [Abstract] |
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| Schedule of Disaggregation of Revenue |
The following table shows our revenues disaggregated according to the timing of transfer of services:
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Three Months Ended
March 31, |
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2026 |
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2025 |
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| Revenue recognized at a point in time |
$ |
12,140,264 |
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$ |
10,787,104 |
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| Revenue recognized over time |
2,679,969 |
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2,290,486 |
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| Total revenue |
$ |
14,820,233 |
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$ |
13,077,590 |
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| Schedule of Rollforward of Accounts Receivable |
Changes in our accounts receivable, net during the three months ended March 31, 2026 were as follows:
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Accounts Receivable, Net |
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| Balance at December 31, 2025 |
$ |
2,849,864 |
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| Cash received against accounts receivable included at the beginning of the year |
(2,799,293) |
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| Net increase during the three months ended March 31, 2026 |
2,805,336 |
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| Allowance for credit losses |
(512,103) |
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| Balance at March 31, 2026 |
$ |
2,343,804 |
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| Schedule of Rollforward of Contract Liabilities Contract Assets |
Changes in our contract liability for deferred franchise fees during the three months ended March 31, 2026 were as follows:
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Deferred Revenue Short and Long-Term |
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| Balance at December 31, 2025 |
$ |
13,418,289 |
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| Revenue recognized that was included in the contract liability at the beginning of the year |
(1,204,043) |
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| Net increase during the three months ended March 31, 2026 |
481,064 |
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| Balance at March 31, 2026 |
$ |
12,695,310 |
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Our deferred franchise and development costs represent capitalized sales commissions. Changes during the three months ended March 31, 2026 were as follows:
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Deferred Franchise and Development Costs Short and Long-Term |
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| Balance at December 31, 2025 |
$ |
4,773,062 |
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| Cost of revenue recognized that was included in the contract asset at the beginning of the year |
(421,091) |
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| Net increase during the three months ended March 31, 2026 |
29,104 |
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| Balance at March 31, 2026 |
$ |
4,381,075 |
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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 March 31, 2026:
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| Contract liabilities expected to be recognized in |
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Amount |
| 2026 (remainder) |
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$ |
1,884,694 |
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| 2027 |
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2,371,605 |
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| 2028 |
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2,186,148 |
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| 2029 |
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1,851,952 |
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| 2030 |
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1,590,027 |
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| Thereafter |
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2,810,884 |
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| Total |
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$ |
12,695,310 |
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