Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition

v3.24.2.u1
Revenue Recognition
6 Months Ended
Jun. 30, 2024
Revenue from Contracts with Customers  
Revenue Recognition

Note 9 – Revenue Recognition

The following table provides information about contract liabilities, which include deferred license revenue, deferred gift card revenue, advanced party deposits and the Konavore rewards program (in thousands):

    

June 30, 

    

December 31, 

2024

2023

Deferred license revenue (1)

$

195

$

218

Deferred gift card and gift certificate revenue (2)

$

6,076

$

1,716

Advanced party deposits (2)

$

639

$

361

Konavore rewards program (3)

$

187

$

177

(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 condensed 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 condensed consolidated balance sheets.
(3) Konavore rewards program is included in accrued expenses on the condensed consolidated balance sheets.

Revenue recognized during the period from contract liabilities as of the preceding fiscal year end date is as follows (in thousands):

    

June 30, 

    

June 30, 

2024

2023

Revenue recognized from deferred license revenue

$

23

$

40

Revenue recognized from deferred gift card revenue

$

895

$

917

Revenue recognized from advanced party deposits

$

361

$

278

The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of June 30, 2024 were as follows for each year ending (in thousands):

2024, six months remaining

    

$

21

2025

 

44

2026

 

37

2027

 

34

2028

 

34

Thereafter

 

25

Total future estimated deferred license revenue

$

195