|
Note 8 – Revenue recognition
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, |
|
|
2021 |
|
2020 |
Receivables (1) |
|
$ |
— |
|
$ |
125 |
Deferred license revenue (2) |
|
|
388 |
|
|
1,160 |
Deferred gift card revenue (3) |
|
|
1,769 |
|
|
1,945 |
Konavore rewards program (4) |
|
|
136 |
|
|
102 |
| (1) |
Deferred license 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 and advance party deposits on good and services yet to be provided are included in deferred gift card revenue and other on the consolidated balance sheets. |
| (4) |
Konavore rewards program is included in accrued expenses on the consolidated balance sheets. |
Significant changes in deferred license revenue and deferred gift card revenue for the years ended December 31, 2021 and 2020 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
2021 |
|
2020 |
Revenue recognized from deferred license revenue |
|
$ |
164 |
|
$ |
206 |
Revenue recognized from deferred gift card revenue |
|
|
1,214 |
|
|
1,904 |
As of December 31, 2021, the estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of December 31, 2021 were as follows for each year ending (in thousands):
|
|
|
|
2022 |
|
$ |
90 |
2023 |
|
|
79 |
2024 |
|
|
45 |
2025 |
|
|
44 |
2026 |
|
|
37 |
Thereafter |
|
|
93 |
Total future estimated deferred license revenue |
|
$ |
388 |
|