Quarterly report pursuant to Section 13 or 15(d)

Revenue Disclosures (Tables)

v3.21.2
Revenue Disclosures (Tables)
 9 Months Ended
Sep. 30, 2021
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, 2021 were as follows:
Deferred Revenue
short and long-term
Balance at December 31, 2020 $ 16,504,114 
Revenue recognized that was included in the contract liability at the beginning of the year (2,605,401)
Net increase during the nine months ended September 30, 2021(1)
4,649,915 
Balance at September 30, 2021 $ 18,548,628 
(1) Includes deferred revenues derecognized in connection with the acquisitions of $115,894
Changes in the Company's contract assets for deferred franchise and regional development costs during the nine months ended September 30, 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 nine months ended September 30, 2021
 (817,877)
Net increase during the nine months ended September 30, 2021(1)
1,958,841 
Balance at September 30, 2021 $ 6,379,271 
(1) Includes deferred cost of revenues derecognized in connection with the acquisitions of $28,036
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, 2021:
Contract liabilities expected to be recognized in Amount
2021 (remainder) $ 836,890 
2022 3,089,736 
2023 2,793,482 
2024 2,332,747 
2025 2,131,559 
Thereafter 7,364,214 
Total $ 18,548,628