Annual report pursuant to Section 13 and 15(d)

Revenue recognition (Tables)

v3.20.1
Revenue recognition (Tables)
12 Months Ended
Dec. 31, 2019
Revenue recognition  
Schedule of contract receivables and liabilities

The following table provides information about contract receivables and liabilities from contracts with customers, which include deferred license revenue, deferred gift card revenue and the Konavore rewards program (in thousands):

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

 

 

2019

 

2018

Receivables (1)

 

$

250

 

$

174

Deferred license revenue (2)

 

 

1,368

 

 

1,179

Deferred gift card and gift certificate revenue (3)

 

 

3,210

 

 

491

Konavore rewards program (4)

 

$

84

 

$

 —


(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.

Konavore rewards program is included in accrued expenses on the consolidated balance sheets.

Schedule of changes in deferred license revenue and deferred gift card revenue

Significant changes in deferred license revenue and deferred gift card revenue for the years ended December 31, 2019 and 2018 are as follows (in thousands):

 

 

 

 

 

 

 

 

    

December 31, 

    

December 31, 

 

 

2019

 

2018

Revenue recognized from deferred license revenue

 

$

483

 

$

1,019

Revenue recognized from deferred gift card revenue

 

 

2,145

 

 

1,249

Deferred gift card revenue acquired in business combination

 

$

2,277

 

$

 —

 

Schedule of estimated deferred license revenue to be recognized in the future related to performance obligations

As of December 31, 2019, the estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of December 31, 2019 were as follows for each year ending (in thousands):

 

 

 

 

2020

    

$

205

2021

 

 

205

2022

 

 

181

2023

 

 

276

2024

 

 

116

Thereafter

 

 

385

Total future estimated deferred license revenue

 

$

1,368