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Selected Account Information
 9 Months Ended
Jun. 30, 2021
Selected Account Information  
Selected Account Information

5. Selected Account Information

 

The components of accounts receivable, net are as follows (in thousands):

 

   June 30, 2021   September 30, 2020 
Credit card receivables  $1,220   $880 
Income tax refundable   201    4,325 
ATM in-transit   253    160 
Insurance receivable   -    191 
Other (net of allowance for doubtful accounts of $605 and $261, respectively)   784    1,211 
Total accounts receivable, net  $2,458   $6,767 

 

Notes receivable consist primarily of secured promissory notes executed between the Company and various buyers of our businesses and assets with interest rates ranging from 6% to 9% per annum and having terms ranging from 1 to 20 years, net of allowance for doubtful notes amounting to $160,000 and $182,000 as of June 30, 2021 and September 30, 2020, respectively.

 

The components of prepaid expenses and other current assets are as follows (in thousands):

 

   June 30, 2021   September 30, 2020 
Prepaid insurance  $1,506   $4,884 
Prepaid legal   761    735 
Prepaid taxes and licenses   506    428 
Prepaid rent   372    37 
Other   917    404 
Total prepaid expenses and other current assets  $4,062   $6,488 

 

The components of accrued liabilities are as follows (in thousands):

 

   June 30, 2021   September 30, 2020 
Payroll and related costs  $3,243   $2,419 
Sales and liquor taxes   2,467    2,613 
Insurance   1,382    4,405 
Property taxes   1,636    2,003 
Unearned revenues   231    336 
Interest   517    1,390 
Patron tax   488    309 
Lawsuit settlement   103    100 
Other   1,671    998 
Total accrued liabilities  $11,738   $14,573 

 

The components of selling, general and administrative expenses are as follows (in thousands):

 

   2021   2020   2021   2020 
   For the Three Months   For the Nine Months 
   Ended June 30,   Ended June 30, 
   2021   2020   2021   2020 
Taxes and permits  $2,345   $1,187   $6,457   $6,101 
Supplies and services   1,701    681    4,417    3,605 
Insurance   1,474    1,481    4,358    4,437 
Advertising and marketing   1,929    428    4,502    4,745 
Lease   992    1,010    2,941    3,063 
Utilities   873    512    2,444    2,205 
Security   1,073    272    2,763    1,869 
Legal   1,255    841    2,928    3,109 
Charge card fees   988    146    2,247    2,037 
Repairs and maintenance   787    353    2,037    1,802 
Accounting and professional fees   336    407    1,348    2,916 
Other   944    1,590    3,025    4,000 
Total selling, general and administrative expenses  $14,697   $8,908   $39,467   $39,889 

 

The components of other charges, net are as follows (in thousands):

 

   2021   2020   2021   2020 
   For the Three Months   For the Nine Months 
   Ended June 30,   Ended June 30, 
   2021   2020   2021   2020 
Impairment of assets  $271   $982   $1,672   $9,192 
Settlement of lawsuits   127    50    280    74 
Gain on disposal of businesses and assets   (541)   (608)   (455)   (645)
Gain on insurance   -    -    (209)   (33)
Total other charges (gains), net  $(143)  $424   $1,288   $8,588 

 

The components of non-operating gains (losses), net are as follows (in thousands):

 

   2021   2020   2021   2020 
   For the Three Months   For the Nine Months 
   Ended June 30,   Ended June 30, 
   2021   2020   2021   2020 
Gain on debt extinguishment  $-   $-   $5,329   $- 
Unrealized gain (loss) on equity securities   9    31    (58)   (103)
Other   -    -    85    - 
Total non-operating gains (losses), net  $9   $31   $5,356   $(103)

 

 

RCI HOSPITALITY HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)