Quarterly report pursuant to Section 13 or 15(d)

Revenue Disclosures (Tables)

v3.21.1
Revenue Disclosures (Tables)
 3 Months Ended
Mar. 31, 2021
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, 2021 were as follows:
Deferred Revenue
short and long-term
Balance at December 31, 2020 $ 16,504,114 
Recognized as revenue during the three months ended March 31, 2021 (939,062)
Fees received and deferred during the three months ended March 31, 2021 1,041,265 
Balance at March 31, 2021 $ 16,606,317 
Changes in the Company's contract assets for deferred franchise and regional development costs during the three months ended March 31, 2021 were as follows:
Deferred Franchise and Development Costs
short and long-term
Balance at December 31, 2020 $ 5,238,307 
Recognized as cost of revenue during the three months ended March 31, 2021 (294,915)
Costs incurred and deferred during the three months ended March 31, 2021 434,195 
Balance at March 31, 2021 $ 5,377,587 
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, 2021:
Contract liabilities expected to be recognized in Amount
2021 (remainder) $ 2,317,749 
2022 2,758,710 
2023 2,460,622 
2024 1,984,982 
2025 1,768,199 
Thereafter 5,316,055 
Total $ 16,606,317