Annual report pursuant to Section 13 and 15(d)

Revenue recognition

v3.22.0.1
Revenue recognition
12 Months Ended
Dec. 31, 2021
Revenue recognition  
Revenue recognition

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