Contract Liabilities:

12 Months Ended

Dec. 31, 2022

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 2022 and 2021, respectively:

	December 31, 2022		December 25, 2021
Balance at beginning of period	$	8,508,500	$	8,708,300
Franchise and software license fees collected from franchisees, excluding amount earned as revenue during the period		1,951,800		1,583,700
Fees earned that were included in the balance at the beginning of the period		(1,842,200)		(1,783,500)
Balance at end of period	$	8,618,100	$	8,508,500

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 31, 2022:

Contract Liabilities expected to be recognized in	Amount
2023	$	1,643,900
2024		1,446,100
2025		1,229,800
2026		1,025,300
2027		850,700
Thereafter		2,422,300
	$	8,618,100