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Revenue Recognition: Franchising (Tables)
6 Months Ended
Jun. 30, 2018
Revenue Recognition: Franchising  
Schedule of activity of current and noncurrent deferred franchise revenue

 

 

 

 

 

 

 

 

    

June 30, 2018

    

July 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

 

 

964,700

 

 

836,300

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

 

 

(933,200)

 

 

(983,300)

Balance at end of period

 

$

10,341,700

 

$

10,261,500

 

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

 

 

 

 

 

 

Contract Liabilities expected to be recognized in

 

 

Amount

2018

 

 

 

$

838,800

2019

 

 

 

 

1,679,800

2020

 

 

 

 

1,543,200

2021

 

 

 

 

1,404,400

2022

 

 

 

 

1,259,500

Thereafter

 

 

 

 

3,616,000

 

 

 

 

$

10,341,700