Revenue Disclosures (Tables)
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9 Months Ended |
Sep. 30, 2025 |
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| Revenue from Contract with Customer [Abstract] |
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| Schedule of Disaggregation of Revenue |
The following table shows the Company’s revenues disaggregated according to the timing of transfer of services:
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2025 |
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2024 |
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2025 |
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2024 |
| Revenue recognized at a point in time |
$ |
10,870,558 |
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$ |
10,525,387 |
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$ |
32,678,171 |
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$ |
31,143,350 |
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| Revenue recognized over time |
2,510,127 |
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2,129,009 |
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7,050,374 |
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6,305,798 |
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| Total revenue |
$ |
13,380,685 |
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$ |
12,654,396 |
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$ |
39,728,545 |
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$ |
37,449,148 |
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| Schedule of Rollforward of Accounts Receivable |
Changes in the Company’s accounts receivable, net during the nine months ended September 30, 2025 were as follows:
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Accounts Receivable, Net |
| Balance at December 31, 2023 |
$ |
2,580,589 |
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| Balance at December 31, 2024 |
$ |
2,586,381 |
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| Cash received against accounts receivable included at the beginning of the year |
(2,211,280) |
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| Net increase during the nine months ended September 30, 2025 |
2,525,927 |
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| Balance at September 30, 2025 |
$ |
2,901,028 |
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| Schedule of Rollforward of Contract Liabilities Contract Assets |
Changes in the Company’s contract liability for deferred franchise fees during the nine months ended September 30, 2025 were as follows:
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Deferred Revenue Short and Long-Term |
| Balance at December 31, 2023 |
$ |
16,113,879 |
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| Balance at December 31, 2024 |
$ |
14,997,105 |
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| Revenue recognized that was included in the contract liability at the beginning of the year |
(2,449,659) |
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| Net increase during the nine months ended September 30, 2025 |
1,263,601 |
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| Balance at September 30, 2025 |
$ |
13,811,047 |
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The Company’s deferred franchise and development costs represent capitalized sales commissions. Changes during the nine months ended September 30, 2025 were as follows:
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Deferred Franchise and Development Costs Short and Long-Term |
| Balance at December 31, 2023 |
$ |
6,251,366 |
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| Balance at December 31, 2024 |
$ |
5,569,473 |
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| Cost of revenue recognized that was included in the contract asset at the beginning of the year |
(809,336) |
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| Net increase during the nine months ended September 30, 2025 |
229,968 |
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| Balance at September 30, 2025 |
$ |
4,990,105 |
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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 September 30, 2025:
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| Contract liabilities expected to be recognized in |
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Amount |
| 2025 (remainder) |
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$ |
639,221 |
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| 2026 |
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2,504,387 |
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| 2027 |
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2,398,316 |
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| 2028 |
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2,239,558 |
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| 2029 |
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1,887,872 |
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| Thereafter |
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4,141,693 |
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| Total |
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$ |
13,811,047 |
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