XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.26.1

Revenue Disclosures (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table shows our revenues disaggregated according to the timing of transfer of services:
| Three Months Ended March 31, |  |
| 2026 |  | 2025 |  |  |  |
Revenue recognized at a point in time | $ | 12,140,264 |  |  | $ | 10,787,104 |  |  |  |  |
Revenue recognized over time | 2,679,969 |  |  | 2,290,486 |  |  |  |  |
Total revenue | $ | 14,820,233 |  |  | $ | 13,077,590 |  |  |  |  |
Schedule of Rollforward of Accounts Receivable | Changes in our accounts receivable, net during the three months ended March 31, 2026 were as follows:
| Accounts Receivable, Net
Balance at December 31, 2025 | $ | 2,849,864 |
Cash received against accounts receivable included at the beginning of the year | (2,799,293) |
Net increase during the three months ended March 31, 2026 | 2,805,336 |
Allowance for credit losses | (512,103) |
Balance at March 31, 2026 | $ | 2,343,804 |
Schedule of Rollforward of Contract Liabilities Contract Assets | Changes in our contract liability for deferred franchise fees during the three months ended March 31, 2026 were as follows:
| Deferred Revenue Short and Long-Term
Balance at December 31, 2025 | $ | 13,418,289 |
Revenue recognized that was included in the contract liability at the beginning of the year | (1,204,043) |
Net increase during the three months ended March 31, 2026 | 481,064 |
Balance at March 31, 2026 | $ | 12,695,310 |
Our deferred franchise and development costs represent capitalized sales commissions. Changes during the three months ended March 31, 2026 were as follows:
| Deferred Franchise and Development Costs Short and Long-Term
Balance at December 31, 2025 | $ | 4,773,062 |
Cost of revenue recognized that was included in the contract asset at the beginning of the year | (421,091) |
Net increase during the three months ended March 31, 2026 | 29,104 |
Balance at March 31, 2026 | $ | 4,381,075 |
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 March 31, 2026:
Contract liabilities expected to be recognized in |  | Amount
2026 (remainder) |  | $ | 1,884,694 |
2027 |  | 2,371,605 |
2028 |  | 2,186,148 |
2029 |  | 1,851,952 |
2030 |  | 1,590,027 |
Thereafter |  | 2,810,884 |
Total |  | $ | 12,695,310 |

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-13 + Details
Name: | us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration