Contract Liabilities:

12 Months Ended

Dec. 25, 2021

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 2021 and 2020, respectively:

	December 25, 2021		December 26, 2020
Balance at beginning of period	$	8,708,300	$	9,575,500
Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period		1,583,700		860,100
Fees earned that were included in the balance at the beginning of the period		(1,783,500)		(1,727,300)
Balance at end of period	$	8,508,500	$	8,708,300

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 25, 2021:

Contract Liabilities expected to be recognized in	Amount
2022	$	1,645,000
2023		1,473,700
2024		1,276,000
2025		1,059,600
2026		855,200
Thereafter		2,199,000
	$	8,508,500