Annual report pursuant to Section 13 and 15(d)

Revenue from contracts with customers (Tables)

v3.19.1
Revenue from contracts with customers (Tables)
 12 Months Ended
Dec. 31, 2018
Revenue from Contract with Customer [Abstract]  
Schedule of Prospective Adoption of New Accounting Pronouncements The changes were as follows (in thousands):
 
 
 
December 31, 2017
 
 
ASC 606

Adjustments
 
 
January 1, 2018 
(1)
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
Accounts receivable
 
$
5,514
 
 
$
306
 
 
$
5,820
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
Deferred license revenue
 
$
115
 
 
$
273
 
 
$
388
 
Deferred license revenue, long-term
 
$
1,222
 
 
$
50
 
 
$
1,272
 
Equity
 
 
 
 
 
 
 
 
 
 
 
 
Accumulated deficit
 
$
(31,979
)
 
$
(17
)
 
$
(31,996
)
 
The impact of adopting ASC 606 as compared to the previous recognition guidance on the Company’s consolidated statement of operations and comprehensive income (loss) was as follows (in thousands):
 
 
 
For the year ended December 31, 2018
 
 
 
As Reported
 
 
Balances without

ASC 606 Adoption
 
 
Adoption Impact

of ASC 606
 
Revenues
 
 
 
 
 
 
 
 
 
Management, license and incentive fee revenue
 
$
11,568
  
 
$
11,873
  
 
$
(305
)
Net income (loss)
 
$
3,907
  
 
$
4,212
  
 
$
(305
)
Receivables And Contract Liabilities
The following table provides information about receivables and contract liabilities (deferred license revenue) from contracts with customers (in thousands):
 
 
 
December 31, 
2018
 
Receivables
(1)
 
$
174
 
Deferred license revenue
(2)
 
 
1,179
 
Deferred gift certificate revenue
(3)
 
$
491
 
 
(1)
Receivables are included in accounts receivable on the consolidated balance sheets.
 
(2)
Includes the current and long-term portion of deferred license revenue.
 
(3)
Deferred gift card revenue is included in deferred gift card revenue and other on the consolidated balance sheets.
Contract with Customer, Asset and Liability
Significant changes in deferred license revenue for the year ended December 31, 2018 are as follows (in thousands):
 
Deferred license revenue, as of January 1, 2018
(1)
 
$
1,660
 
Additions to deferred license revenue
 
 
538
 
Revenue recognized during the period
 
 
(1,019
)
Deferred license revenue, as of December 31, 2018
 
$
1,179
 
(1)
Includes the cumulative effect of adopting ASC 606.
Revenue Remaining Performance Obligations Expected Timing Of Satisfaction
As of December 31, 2018, the estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of December 31, 2018 were as follows for each year ending (in thousands):
 
2019
 
$
171
 
2020
 
 
154
 
2021
 
 
154
 
2022
 
 
154
 
2023
 
 
154
 
Thereafter
 
 
392
 
Total future estimated deferred license revenue
 
$
1,179
 
Schedule of Deferred Revenue, by Arrangement
Significant changes in deferred gift certificate revenue for the year ended December 31, 2018 are as follows (in thousands):
 
Deferred gift certificates revenue, as of January 1, 2018
(1)
 
$
757
 
Additions to deferred certificates revenue
 
 
983
 
Revenue recognized during the period related to redemptions
 
 
(1,047
)
Revenue recognized during the period related to breakage
 
 
(202
)
Deferred gift certificate revenue, as of December 31, 2018
 
$
491
 
(1)
There was no cumulative effect of adopting ASC 606 for deferred gift certificates.