According to Bor Restoration's 2024 Franchise Disclosure Document, the deferred revenue at the beginning of 2022 was $94,350. Deferred revenue represents payments Bor Restoration has received for services or products that have not yet been delivered or earned. This is a liability on the balance sheet because Bor Restoration owes the service or product to the customer. As the services are rendered or products delivered, the deferred revenue is recognized as actual revenue.

For a prospective Bor Restoration franchisee, understanding deferred revenue is crucial because it reflects the company's financial obligations to its customers. A high deferred revenue balance might indicate strong future revenue streams, but it also signifies a responsibility to fulfill those obligations. Monitoring changes in deferred revenue can provide insights into the sustainability and growth of Bor Restoration's revenue.

In the provided table, the line item "Revenue recognized that was included in deferred at the beginning of the year" shows ($94,350) for 2022. This means that the entire deferred revenue balance from the beginning of the year was recognized as revenue during 2022, indicating that Bor Restoration fulfilled its obligations related to those advance payments. The increase in deferred revenue due to cash received during the year is not specified in this excerpt, but it would be important to track to understand the overall revenue dynamics.