Revenue Disclosures (Tables)

3 Months Ended

Mar. 31, 2020

Revenue from Contract with Customer [Abstract]

Contract with Customer, Asset and Liability

Changes in the Company's contract liability for deferred franchise and regional development fees during the three months ended March 31, 2020 were as follows:

	Deferred Revenue short and long-term
Balance at December 31, 2019	$	15,107,276
Recognized as revenue during the three months ended March 31, 2020	(720,393)
Fees received and deferred during the three months ended March 31, 2020	938,701
Balance at March 31, 2020	$	15,325,584

Changes in the Company's contract assets for deferred franchise and regional development costs during the three months ended March 31, 2020 were as follows:

	Deferred Franchise and Development Costs short and long-term
Balance at December 31, 2019	$	4,392,733
Recognized as cost of revenue during the three months ended March 31, 2020	(203,501)
Costs incurred and deferred during the three months ended March 31, 2020	293,123
Balance at March 31, 2020	$	4,482,355

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table illustrates estimated revenues expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) as of March 31, 2020:

Contract liabilities expected to be recognized in	Amount
2020 (remainder)	$	2,130,191
2021	2,720,283
2022	2,334,730
2023	2,001,921
2024	1,565,354
Thereafter	4,573,105
Total	$	15,325,584