Quarterly report pursuant to Section 13 or 15(d)

Revenue recognition (Tables)

v3.21.1
Revenue recognition (Tables)
3 Months Ended
Mar. 31, 2021
Revenue from contracts with customers  
Schedule of contract receivables and liabilities

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):

 

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

 

 

2021

 

2020

Receivables (1)

 

$

125

 

$

125

Deferred license revenue (2)

 

$

1,108

 

$

1,160

Deferred gift card and gift certificate revenue (3)

 

$

1,429

 

$

1,945

Konavore rewards program (4)

 

$

110

 

$

102


(1)

Receivables are included in accounts receivable on the condensed consolidated balance sheets.

(2)

Includes the current and long-term portion of deferred license revenue.

(3)

Deferred gift card revenue is included in deferred gift card revenue and other on the condensed consolidated balance sheets.

(4)

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

Schedule of changes in deferred license revenue and deferred gift card revenue

Significant changes in deferred license revenue and deferred gift card revenue for the three months ended March 31, 2021 and 2020 are as follows (in thousands):

 

 

 

 

 

 

 

 

    

March 31, 

    

March 31, 

 

 

2021

 

2020

Revenue recognized from deferred license revenue

 

$

52

 

$

52

Revenue recognized from deferred gift card revenue

 

$

587

 

$

746

 

Schedule of estimated deferred license revenue to be recognized in the future related to performance obligations

 

The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of March 31, 2021 were as follows for each year ending (in thousands):

 

 

 

 

 

2021, nine months remaining

    

$

155

2022

 

 

180

2023

 

 

169

2024

 

 

134

2025

 

 

133

Thereafter

 

 

337

Total future estimated deferred license revenue

 

$

1,108