Quarterly report pursuant to Section 13 or 15(d)

Revenue from Contracts with Customers

v3.23.2
Revenue from Contracts with Customers
6 Months Ended
Jun. 30, 2023
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, 

2023

2022

Deferred license revenue (1)

$

258

$

297

Deferred gift card and gift certificate revenue (2)

$

908

$

1,680

Advanced party deposits (2)

$

366

$

435

Konavore rewards program (3)

$

169

$

163

(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 as of the preceding fiscal year end date is as follows (in thousands):

    

June 30, 

    

June 30, 

2023

2022

Revenue recognized from deferred license revenue

$

40

$

40

Revenue recognized from deferred gift card revenue

$

917

$

1,196

Revenue recognized from advanced party deposits

$

278

$

198

The estimated deferred license revenue to be recognized in the future related to performance obligations that are unsatisfied as of June 30, 2023 were as follows for each year ending (in thousands):

2023, six months remaining

    

$

39

2024

 

45

2025

 

44

2026

 

37

2027

 

34

Thereafter

 

59

Total future estimated deferred license revenue

$

258