Quarterly report pursuant to Section 13 or 15(d)

Revenue Disclosures (Tables)

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Revenue Disclosures (Tables)
 6 Months Ended
Jun. 30, 2022
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 six months ended June 30, 2022 were as follows:
Deferred Revenue
short and long-term
Balance at December 31, 2021 $ 18,650,813 
Revenue recognized that was included in the contract liability at the beginning of the year (1,652,449)
Net increase during the six months ended June 30, 2022 1,430,724 
Balance at June 30, 2022 $ 18,429,088 
The Company's deferred franchise and development costs represent capitalized sales commissions. Changes during the six months ended June 30, 2022 were as follows:
Deferred Franchise and Development Costs
short and long-term
Balance at December 31, 2021 $ 6,500,007 
Recognized as cost of revenue during the year (534,104)
Net increase during the six months ended June 30, 2022 707,508 
Balance at June 30, 2022 $ 6,673,411 
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 June 30, 2022:
Contract liabilities expected to be recognized in Amount
2022 (remainder) $ 1,543,910 
2023 2,944,520 
2024 2,534,728 
2025 2,346,342 
2026 2,244,847 
Thereafter 6,814,741 
Total $ 18,429,088