|
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):
|
|
|
|
|
|
|
|
|
September 30, |
|
December 31, |
|
|
2024 |
|
2023 |
Deferred license revenue (1) |
|
$ |
185 |
|
$ |
218 |
Deferred gift card and gift certificate revenue (2) |
|
$ |
3,340 |
|
$ |
1,716 |
Advanced party deposits (2) |
|
$ |
692 |
|
$ |
361 |
Konavore rewards program (3) |
|
$ |
195 |
|
$ |
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):
|
|
|
|
|
|
|
|
|
September 30, |
|
September 30, |
|
|
2024 |
|
2023 |
Revenue recognized from deferred license revenue |
|
$ |
33 |
|
$ |
60 |
Revenue recognized from deferred gift card revenue |
|
$ |
1,106 |
|
$ |
1,121 |
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 September 30, 2024 were as follows for each year ending (in thousands):
|
|
|
|
2024, three months remaining |
|
$ |
11 |
2025 |
|
|
44 |
2026 |
|
|
37 |
2027 |
|
|
34 |
2028 |
|
|
34 |
Thereafter |
|
|
25 |
Total future estimated deferred license revenue |
|
$ |
185 |
|