|
Note 9 – Revenue from Contracts with Customers
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):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2021 |
|
2020 |
Receivables (1) |
|
$ |
— |
|
$ |
125 |
Deferred license revenue (2) |
|
$ |
418 |
|
$ |
1,160 |
Deferred gift card and gift certificate revenue (3) |
|
$ |
817 |
|
$ |
1,945 |
Konavore rewards program (4) |
|
$ |
127 |
|
$ |
102 |
| (1) |
Receivables are included in accounts receivable on the condensed consolidated balance sheets. |
| (2) |
Includes the current and long-term portion of deferred license revenue. |
| (3) |
Deferred gift card revenue and advance party deposits on goods and services yet to be provided are included in deferred gift card revenue and other on the condensed consolidated balance sheets. |
| (4) |
Konavore rewards program is included in accrued expenses on the condensed consolidated balance sheets. |
Significant changes in deferred license revenue and deferred gift card revenue for the nine months ended September 30, 2021 and 2020 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
September 30, |
|
September 30, |
|
|
2021 |
|
2020 |
Revenue recognized from deferred license revenue |
|
$ |
134 |
|
$ |
154 |
Revenue recognized from deferred gift card revenue |
|
$ |
1,232 |
|
$ |
1,173 |
The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of September 30, 2021 were as follows for each year ending (in thousands):
|
|
|
|
2021, three months remaining |
|
$ |
30 |
2022 |
|
|
90 |
2023 |
|
|
79 |
2024 |
|
|
45 |
2025 |
|
|
44 |
Thereafter |
|
|
130 |
Total future estimated deferred license revenue |
|
$ |
418 |
|