Contract Liabilities:

12 Months Ended

Dec. 26, 2020

Contract Liabilities:

Contract Liabilities:

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 2020 and 2019, respectively:

	December 26, 2020		December 28, 2019
Balance at beginning of period	$	9,575,500	$	10,177,300
Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period		860,100		1,203,500
Fees earned that were included in the balance at the beginning of the period		(1,727,300)		(1,805,300)
Balance at end of period	$	8,708,300	$	9,575,500

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 26, 2020:

Contract Liabilities expected to be recognized in	Amount
2021	$	1,657,400
2022		1,512,500
2023		1,341,200
2024		1,143,500
2025		927,100
Thereafter		2,126,600
	$	8,708,300