9. Contract Liabilities:

The Company’s contract liabilities for its franchise revenues consist of deferred revenue associated with franchise fees and software license fees. The table below presents the activity of the current and noncurrent deferred franchise revenue during fiscal years 2018 and 2017, respectively:


	December 29, 2018		December 30, 2017
Balance at beginning of period	$	10,310,200	$	10,408,500
Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period		1,749,100		1,725,100
Fees earned that were included in the balance at the beginning of the period		(1,882,000)		(1,823,400)
Balance at end of period	$	10,177,300	$	10,310,200

The following table illustrates future estimated revenue to be recognized for the next five fiscal years and fiscal years thereafter related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 29, 2018:


Contract Liabilities expected to be recognized in	Amount
2019	$	1,744,900
2020		1,608,400
2021		1,469,600
2022		1,324,700
2023		1,153,400
Thereafter		2,876,300
	$	10,177,300