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Revenue Recognition: Franchising (Tables)
3 Months Ended
Mar. 31, 2018
Revenue Recognition: Franchising  
Schedule of activity of current and noncurrent deferred franchise revenue

 

 

 

 

 

 

 

 

    

March 31, 2018

    

April 1, 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

 

 

486,000

 

 

380,500

Fees earned that were included in the balance at the beginning of the period

 

 

(473,300)

 

 

(433,400)

Balance at end of period

 

$

10,322,900

 

$

10,355,600

 

Schedule of future estimated reveue to be recognized related to performance obligations

 

 

 

 

 

 

Contract Liabilities expected to be recognized in

 

 

Amount

2018

 

 

 

$

1,247,500

2019

 

 

 

 

1,634,700

2020

 

 

 

 

1,498,100

2021

 

 

 

 

1,359,300

2022

 

 

 

 

1,214,400

Thereafter

 

 

 

 

3,368,900

 

 

 

 

$

10,322,900