|
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 and the Konavore rewards program (in thousands):
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
2023 |
|
2022 |
Deferred license revenue (1) |
|
$ |
278 |
|
$ |
297 |
Deferred gift card and gift certificate revenue (2) |
|
$ |
1,197 |
|
$ |
1,680 |
Advanced party deposits (2) |
|
$ |
345 |
|
$ |
435 |
Konavore rewards program (3) |
|
$ |
166 |
|
$ |
163 |
| (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 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. |
Changes in deferred license revenue and deferred gift card revenue for the three months ended March 31, 2023 and 2022 are as follows (in thousands):
|
|
|
|
|
|
|
|
|
March 31, |
|
March 31, |
|
|
2023 |
|
2022 |
Revenue recognized from deferred license revenue |
|
$ |
20 |
|
$ |
31 |
Revenue recognized from deferred gift card revenue |
|
$ |
571 |
|
$ |
627 |
Revenue recognized from advanced party deposits |
|
$ |
271 |
|
$ |
162 |
The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of March 31, 2023 were as follows for each year ending (in thousands):
|
|
|
|
2023, nine months remaining |
|
$ |
59 |
2024 |
|
|
45 |
2025 |
|
|
44 |
2026 |
|
|
37 |
2027 |
|
|
34 |
Thereafter |
|
|
59 |
Total future estimated deferred license revenue |
|
$ |
278 |
|