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Contract Liabilities: | 9 Months Ended
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Sep. 28, 2024
Contract Liabilities: |
Contract Liabilities: | 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 nine months of 2024 and 2023, respectively: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 28, 2024 |  | September 30, 2023
Balance at beginning of period | ​ | $ | 9,323,600 | ​ | $ | 8,618,100
Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period | ​ |  | 1,659,700 | ​ |  | 1,957,300
Fees earned that were included in the balance at the beginning of the period | ​ |  | (1,284,600) | ​ |  | (1,341,100)
Balance at end of period | ​ | $ | 9,698,700 | ​ | $ | 9,234,300
​ ​ The following table illustrates future estimated revenue to be recognized for the remainder of 2024 and full fiscal years thereafter related to performance obligations that are unsatisfied (or partially unsatisfied) as of September 28, 2024. ​
​ | ​ | ​ | ​
Contract Liabilities expected to be recognized in | ​ | Amount
2024 | ​ | $ | 413,800
2025 | ​ |  | 1,618,800
2026 | ​ |  | 1,414,500
2027 | ​ |  | 1,239,800
2028 | ​ |  | 1,070,300
Thereafter | ​ |  | 3,941,500
​ | ​ | $ | 9,698,700
​

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