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Segment Information
 3 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company owns and operates adult nightclubs and Bombshells Restaurants and Bars. The Company has identified such 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 unaudited condensed consolidated financial statements.
Below is the financial information related to the Company’s segments (in thousands):
For the Three Months Ended
December 31,
20222021
Revenues (from external customers)
Nightclubs$56,325 $46,781 
Bombshells13,431 14,771 
Other212 284 
$69,968 $61,836 
Income (loss) from operations
Nightclubs$22,740 $18,736 
Bombshells1,847 2,802 
Other(185)(43)
Corporate(7,504)(5,584)
$16,898 $15,911 
Depreciation and amortization
Nightclubs$2,485 $1,547 
Bombshells458 429 
Other63 6 
Corporate301 212 
$3,307 $2,194 
Capital expenditures
Nightclubs$4,144 $9,228 
Bombshells8,319 304 
Other37 189 
Corporate53 129 
$12,553 $9,850 
December 31, 2022September 30, 2022
Total assets
Nightclubs$444,362 $428,104 
Bombshells65,584 62,021 
Other2,758 2,635 
Corporate43,454 37,978 
$556,158 $530,738 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended December 31, 2022 amounting to $3.7 million and $231,000, respectively, and intercompany sales of Robust Energy Drink included in Other segment amounting to $37,000. Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended December 31, 2021 amounting to $3.2 million and $168,000, respectively, and intercompany sales of Robust Energy Drink included in Other segment amounting to $69,000. These intercompany revenue amounts are eliminated upon consolidation.
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.
Certain real estate assets previously wholly assigned to Bombshells have been subdivided and allocated to other future development or investment projects. Accordingly, those asset costs have been transferred out of the Bombshells segment.