Revenue Disclosures (Tables)
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6 Months Ended |
Jun. 30, 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
June 30, |
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Six Months Ended
June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
| Revenue recognized at a point in time |
$ |
12,883,996 |
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$ |
11,020,509 |
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$ |
25,024,260 |
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$ |
21,807,613 |
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| Revenue recognized over time |
2,297,918 |
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2,249,761 |
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4,977,887 |
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4,540,247 |
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| Total revenue |
$ |
15,181,914 |
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$ |
13,270,270 |
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$ |
30,002,147 |
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$ |
26,347,860 |
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| Schedule of Rollforward of Accounts Receivable |
Changes in our accounts receivable, net during the six months ended June 30, 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 |
(2,596,399) |
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| Net increase during the six months ended June 30, 2026 |
2,630,005 |
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| Allowance for credit losses |
(476,390) |
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| Balance at June 30, 2026 |
$ |
2,407,080 |
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| Schedule of Rollforward of Contract Liabilities Contract Assets |
Changes in our contract liability for deferred franchise fees during the six months ended June 30, 2026 were as follows:
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Deferred Revenue Short and Long-Term |
| 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 |
(1,884,706) |
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| Net increase during the six months ended June 30, 2026 |
1,026,271 |
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| Balance at June 30, 2026 |
$ |
12,559,854 |
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Our deferred franchise and development costs represent capitalized sales commissions. Changes during the six months ended June 30, 2026 were as follows:
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Deferred Franchise and Development Costs Short and Long-Term |
| 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 |
(659,333) |
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| Net increase during the six months ended June 30, 2026 |
41,422 |
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| Balance at June 30, 2026 |
$ |
4,155,151 |
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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, 2026:
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| Contract liabilities expected to be recognized in |
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Amount |
| 2026 (remainder) |
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$ |
1,267,425 |
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| 2027 |
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2,414,027 |
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| 2028 |
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2,233,749 |
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| 2029 |
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1,899,478 |
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| 2030 |
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1,637,472 |
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| Thereafter |
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3,107,703 |
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| Total |
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$ |
12,559,854 |
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