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Revenues
 6 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
Revenues

4. Revenues

 

The Company recognizes revenue from the sale of alcoholic beverages, food and merchandise, service and other revenues at the point-of-sale upon receipt of cash, check, or credit card charge, net of discounts and promotional allowances based on consideration specified in implied contracts with customers. Sales and liquor taxes collected from customers and remitted to governmental authorities are presented on a net basis in the accompanying unaudited condensed consolidated statements of operations. The Company recognizes revenue when it satisfies a performance obligation (point in time of sale) by transferring control over a product or service to a customer.

 

Commission revenues, such as ATM commission, are recognized when the basis for such commission has transpired. Revenues from the sale of magazines and advertising content are recognized when the issue is published and shipped. Revenues and external expenses related to the Company’s annual Expo convention are recognized upon the completion of the convention, which normally occurs during our fiscal fourth quarter. Other lease revenues are recognized when earned (recognized over time) and are more appropriately covered by guidance under ASC Topic 842, Leases (ASC 840 in prior year). See Note 14.

 

Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 12), are shown below (in thousands):

 

    Three Months Ended March 31, 2020     Three Months Ended March 31, 2019  
    Nightclubs     Bombshells     Other     Total     Nightclubs     Bombshells     Other     Total  
Sales of alcoholic beverages   $ 11,860     $ 5,059     $ -     $ 16,919     $ 14,148     $ 4,338     $ -     $ 18,486  
Sales of food and merchandise     2,799       3,680       -       6,479       3,293       3,146       -       6,439  
Service revenues     14,290       58       -       14,348       16,943       36       -       16,979  
Other revenues     2,418       6       256       2,680       2,663       7       252       2,922  
    $ 31,367     $ 8,803     $ 256     $ 40,426     $ 37,047     $ 7,527     $ 252     $ 44,826  
                                                                 
Recognized at a point in time   $ 30,977     $ 8,803     $ 252     $ 40,032     $ 36,582     $ 7,527     $ 238     $ 44,347  
Recognized over time     390 *     -       4       394       465 *     -       14       479  
    $ 31,367     $ 8,803     $ 256     $ 40,426     $ 37,047     $ 7,527     $ 252     $ 44,826  

 

    Six Months Ended March 31, 2020     Six Months Ended March 31, 2019  
    Nightclubs     Bombshells     Other     Total     Nightclubs     Bombshells     Other     Total  
Sales of alcoholic beverages   $ 26,544     $ 11,118     $ -     $ 37,662     $ 28,950     $ 7,846     $ -     $ 36,796  
Sales of food and merchandise     6,063       7,863       -       13,926       6,500       5,629       -       12,129  
Service revenues     31,384       157       -       31,541       34,256       54       -       34,310  
Other revenues     5,235       15       441       5,691       5,069       11       534       5,614  
    $ 69,226     $ 19,153     $ 441     $ 88,820     $ 74,775     $ 13,540     $ 534     $ 88,849  
                                                                 
Recognized at a point in time   $ 68,411     $ 19,153     $ 430     $ 87,994     $ 73,974     $ 13,540     $ 505     $ 88,019  
Recognized over time     815 *     -       11       826       801 *     -       29       830  
    $ 69,226     $ 19,153     $ 441     $ 88,820     $ 74,775     $ 13,540     $ 534     $ 88,849  

 

* Lease revenue (included in Other Revenues) as covered by ASC Topic 842 in the current year (and ASC Topic 840 in the prior year). All other revenues are covered by ASC Topic 606.

 

The Company does not have contract assets with customers. The Company’s unconditional right to consideration for goods and services transferred to the customer is included in accounts receivable, net in our unaudited condensed consolidated balance sheet. A reconciliation of contract liabilities with customers is presented below (in thousands):

 

   

Balance at

September 30, 2019

     Consideration Received     Recognized in Revenue    

Balance at

March 31, 2020

  
Ad revenue   $ 76     $ 355     $ (303 )   $ 128  
Expo revenue     -       351       -       351  
Other     7       12       (17 )     2  
    $ 83     $ 718     $ (320 )   $ 481  

 

Contract liabilities with customers are included in accrued liabilities as unearned revenues in our unaudited condensed consolidated balance sheets (see also Note 5), while the revenues associated with these contract liabilities are included in other revenues in our unaudited condensed consolidated statements of operations.