XML 24 R12.htm IDEA: XBRL DOCUMENT v3.22.2.2
Revenues
12 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 18), are shown below (in thousands).
Fiscal 2022
NightclubsBombshellsOtherTotal
Sales of alcoholic beverages$80,001 $33,315 $— $113,316 
Sales of food and merchandise18,289 26,005 — 44,294 
Service revenues93,481 407 — 93,888 
Other revenues14,480 198 1,444 16,122 
$206,251 $59,925 $1,444 $267,620 
   
Recognized at a point in time$204,644 $59,918 $1,443 $266,005 
Recognized over time1,607 1,615 
$206,251 $59,925 $1,444 $267,620 
Fiscal 2021
NightclubsBombshellsOtherTotal
Sales of alcoholic beverages$54,305 $32,380 $— $86,685 
Sales of food and merchandise17,221 23,890 — 41,111 
Service revenues55,146 315 — 55,461 
Other revenues10,676 36 1,289 12,001 
$137,348 $56,621 $1,289 $195,258 
   
Recognized at a point in time$135,799 $56,617 $1,284 $193,700 
Recognized over time1,549 1,558 
$137,348 $56,621 $1,289 $195,258 
Fiscal 2020
NightclubsBombshellsOtherTotal
Sales of alcoholic beverages$31,950 $27,130 $— $59,080 
Sales of food and merchandise8,561 15,899 — 24,460 
Service revenues41,004 158 — 41,162 
Other revenues6,858 28 739 7,625 
$88,373 $43,215 $739 $132,327 
   
Recognized at a point in time$87,049 $43,215 $725 $130,989 
Recognized over time1,324 — 14 1,338 
$88,373 $43,215 $739 $132,327 
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 consolidated balance sheet. A
reconciliation of contract liabilities with customers, included in accrued liabilities in our consolidated balance sheets, is presented below (in thousands):
Balance at September 30, 2020Consideration ReceivedRecognized in Revenue Balance at September 30, 2021Consideration ReceivedRecognized in Revenue Balance at September 30, 2022
Ad revenue$92 $593 $(601)$84 $611 $(613)$82 
Expo revenue211 393 (453)151 426 (569)
Other (including franchise fees, see below)33 94 (8)119 33 (8)144 
$336 $1,080 $(1,062)$354 $1,070 $(1,190)$234 
Contract liabilities with customers are included in accrued liabilities as unearned revenues in our consolidated balance sheets (see also Note 5), while the revenues associated with these contract liabilities are included in other revenues in our consolidated statements of operations.
On December 22, 2020, the Company signed a franchise development agreement with a group of private investors to open three Bombshells locations in San Antonio, Texas over a period of five years, and the right of first refusal for three more locations in Corpus Christi, New Braunfels, and San Marcos, all in Texas. Upon execution of the agreement, the Company collected $75,000 in development fees representing 100% of the initial franchise fee of the first restaurant and 50% of the initial franchise fee of the second restaurant. The first Bombshells franchised location opened in June 2022. On May 2, 2022, the Company signed a franchise development agreement with a private investor to open three Bombshells locations in the state of Alabama over a period of five years. Upon execution of the agreement, the Company received $50,000 in development fees representing 100% of the initial franchise fee of the first restaurant.