XML 20 R10.htm IDEA: XBRL DOCUMENT

Contract Liabilities:

3 Months Ended

Mar. 26, 2022

3. 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 the first three months of 2022 and 2021, respectively:


	March 26, 2022		March 27, 2021
Balance at beginning of period	$	8,508,500	$	8,708,300
Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period		458,000		355,700
Fees earned that were included in the balance at the beginning of the period		(501,100)		(440,600)
Balance at end of period	$	8,465,400	$	8,623,400

The following table illustrates future estimated revenue to be recognized for the remainder of 2022 and full fiscal years thereafter related to performance obligations that are unsatisfied (or partially unsatisfied) as of March 26, 2022.


Contract Liabilities expected to be recognized in	Amount
2022	$	1,202,300
2023		1,504,000
2024		1,306,200
2025		1,089,900
2026		885,400
Thereafter		2,477,600
	$	8,465,400