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Segment Information
 6 Months Ended
Mar. 31, 2023
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
March 31,		For the Six Months Ended
March 31,
2023202220232022
Revenues (from external customers)
Nightclubs$57,031 $48,174 $113,356 $94,955 
Bombshells14,315 15,333 27,746 30,104 
Other171 185 383 469 
$71,517 $63,692 $141,485 $125,528 
Income (loss) from operations
Nightclubs$17,995 $19,126 $40,735 $37,862 
Bombshells1,775 3,468 3,622 6,270 
Other(168)(34)(353)(77)
Corporate(6,175)(5,479)(13,679)(11,063)
$13,427 $17,081 $30,325 $32,992 
Depreciation and amortization
Nightclubs$2,464 $2,206 $4,949 $3,753 
Bombshells931 454 1,389 883 
Other63 7 126 13 
Corporate302 210 603 422 
$3,760 $2,877 $7,067 $5,071 
Capital expenditures
Nightclubs$1,214 $1,662 $5,358 $10,890 
Bombshells5,508 1,901 13,827 2,205 
Other41 359 78 548 
Corporate1,574 218 1,627 347 
$8,337 $4,140 $20,890 $13,990 
March 31, 2023September 30, 2022
Total assets
Nightclubs$503,697 $437,096 
Bombshells76,171 62,021 
Other2,751 2,635 
Corporate38,512 28,986 
$621,131 $530,738 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended March 31, 2023 amounting to $3.9 million and $31,000, respectively, and for the six months ended March 31, 2023 amounting to $7.6 million and $262,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and six months ended March 31, 2023 amounting to $78,000 and $115,000, respectively. Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended March 31, 2022 amounting to $3.3 million and $31,000, and for the six months ended March 31, 2022 amounting to $6.5 million and $199,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and six months ended March 31, 2022 amounting to $53,000 and $122,000, respectively. 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.
As of March 31, 2023, we reclassified $9.4 million of goodwill from Corporate to Nightclubs and $4.7 million of prepaid insurance to $3.7 million in Nightclubs, $961,000 in Bombshells, and $29,000 in Other. As of September 30, 2022, we reclassified $9.0 million of goodwill from Corporate to Nightclubs to conform to current year presentation. See Note 1.