|
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 and deposits from customers for future events (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
2022 |
|
2021 |
Deferred license revenue (1) |
|
|
297 |
|
|
388 |
Deferred gift card revenue (2) |
|
|
1,680 |
|
|
1,769 |
Advanced party deposits (2) |
|
|
435 |
|
|
260 |
Konavore rewards program (3) |
|
|
163 |
|
|
136 |
| (1) |
Includes the current and long-term portion of deferred license revenue which are included in other current liabilities and other long-term liabilities on the consolidated balance sheets. |
| (2) |
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 consolidated balance sheets. |
| (3) |
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, 2022 and 2021 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
2022 |
|
2021 |
Revenue recognized from deferred license revenue |
|
$ |
79 |
|
$ |
164 |
Revenue recognized from deferred gift card revenue |
|
|
1,295 |
|
|
1,214 |
Revenue recognized from advanced party deposits |
|
|
248 |
|
|
60 |
As of December 31, 2022, the estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of December 31,2022 were as follows for each year ending (in thousands):
|
|
|
|
2023 |
|
$ |
78 |
2024 |
|
|
45 |
2025 |
|
|
44 |
2026 |
|
|
37 |
2027 |
|
|
34 |
Thereafter |
|
|
59 |
Total future estimated deferred license revenue |
|
$ |
297 |
|