9. 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 fiscal years 2019 and 2018, respectively:


	December 28, 2019		December 29, 2018
Balance at beginning of period	$	10,177,300	$	10,310,200
Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period		1,203,500		1,749,100
Fees earned that were included in the balance at the beginning of the period		(1,805,300)		(1,882,000)
Balance at end of period	$	9,575,500	$	10,177,300

The following table illustrates future estimated revenue to be recognized for the next five fiscal years and fiscal years thereafter related to performance obligations that are unsatisfied (or partially unsatisfied) as of December 28, 2019:


Contract Liabilities expected to be recognized in	Amount
2020	$	1,717,000
2021		1,578,200
2022		1,433,300
2023		1,262,000
2024		1,064,300
Thereafter		2,520,700
	$	9,575,500