Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers

v3.22.2
Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2022
Revenue from Contracts with Customers  
Revenue from Contracts with Customers

Note 8 – Revenue from Contracts with Customers

The following table provides information about liabilities from contracts with customers, which include deferred license revenue, deferred gift card revenue, the Konavore rewards program and deposits from customers for future events (in thousands):

    

June 30, 

    

December 31, 

2022

2021

Deferred license revenue (1)

$

337

$

388

Deferred gift card and gift certificate revenue (2)

$

1,033

$

1,769

Advanced party deposits (2)

$

512

$

260

Konavore rewards program (3)

$

153

$

136

(1) Includes the current and long-term portion of deferred license revenue.
(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 is as follows (in thousands):

    

June 30, 

    

June 30, 

2022

2021

Revenue recognized from deferred license revenue

$

40

$

105

Revenue recognized from deferred gift card revenue

$

1,196

$

958

Revenue recognized from advanced party deposits

$

198

$

60

The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of June 30, 2022 were as follows for each year ending (in thousands):

2022, six months remaining

    

$

39

2023

 

79

2024

 

45

2025

 

44

2026

 

37

Thereafter

 

93

Total future estimated deferred license revenue

$

337