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Segment Information

3 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Information

11. Segment Information

The Company owns and operates adult nightclubs and Bombshells Restaurants and Bars. The Company has identified such reportable segments based on management responsibility and the nature of the Company’s products, services, and costs. There are no major distinctions in geographical areas served as all operations are in the United States. The Company measures segment profit (loss) as income (loss) from operations. Segment assets are those assets controlled by each reportable segment. The Other category below includes our media and energy drink divisions that are not significant to the consolidated financial statements.

Below is the financial information related to the Company’s segments (in thousands):

		For the Three Months
		Ended December 31,
		2018				2017
Revenues
Nightclubs		$	37,728			$	35,218
Bombshells			6,013				5,828
Other			282				166
		$	44,023			$	41,212
Income (loss) from operations
Nightclubs		$	15,387			$	13,371
Bombshells			119				891
Other			(119	)			(137	)
General corporate			(4,255	)			(4,985	)
		$	11,132			$	9,140
Depreciation and amortization
Nightclubs		$	1,507			$	1,335
Bombshells			292				336
Other			104				2
General corporate			150				236
		$	2,053			$	1,909
Capital expenditures
Nightclubs		$	447			$	450
Bombshells			4,009				2,228
Other			9				-
General corporate			2,830				91
		$	7,295			$	2,769

		December 31, 2018				September 30, 2018
						(As Revised)
Total assets
Nightclubs		$	269,313			$	252,335
Bombshells			43,540				39,560
Other			2,144				1,978
General corporate			34,525				35,859
		$	349,522			$	329,732

General corporate expenses include corporate salaries, health insurance and social security taxes for officers, legal, accounting and information technology employees, corporate taxes and insurance, legal and accounting fees, depreciation and other corporate costs such as automobile and travel costs. Management considers these to be non-allocable costs for segment purposes.

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- References

No definition available.

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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