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Segment Information | 6 Months Ended
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Mar. 31, 2024
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,
| 2024 |  | 2023 |  | 2024 |  | 2023
Revenues (from external customers) |  |  |  |  |  |  |
Nightclubs | $ | 59,372 |  |  | $ | 57,031 |  |  | $ | 120,405 |  |  | $ | 113,356 |
Bombshells | 12,771 |  |  | 14,315 |  |  | 25,502 |  |  | 27,746 |
Other | 140 |  |  | 171 |  |  | 283 |  |  | 383 |
| $ | 72,283 |  |  | $ | 71,517 |  |  | $ | 146,190 |  |  | $ | 141,485 |
Income (loss) from operations |  |  |  |  |  |  |
Nightclubs | $ | 11,021 |  |  | $ | 17,995 |  |  | $ | 31,390 |  |  | $ | 40,735 |
Bombshells | 699 |  |  | 1,775 |  |  | 785 |  |  | 3,622 |
Other | (277) |  |  | (168) |  |  | (473) |  |  | (353) |
Corporate | (6,786) |  |  | (6,175) |  |  | (13,880) |  |  | (13,679) |
| $ | 4,657 |  |  | $ | 13,427 |  |  | $ | 17,822 |  |  | $ | 30,325 |
4. Segment Information - continued
| For the Three Months Ended March 31, |  | For the Six Months Ended March 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Depreciation and amortization |  |  |  |  |  |  |
Nightclubs | $ | 2,927 |  |  | $ | 2,464 |  |  | $ | 5,832 |  |  | $ | 4,949 |
Bombshells | 650 |  |  | 931 |  |  | 1,293 |  |  | 1,389 |
Other | 2 |  |  | 63 |  |  | 4 |  |  | 126 |
Corporate | 305 |  |  | 302 |  |  | 608 |  |  | 603 |
| $ | 3,884 |  |  | $ | 3,760 |  |  | $ | 7,737 |  |  | $ | 7,067 |
Capital expenditures |  |  |  |  |  |  |
Nightclubs | $ | 2,699 |  |  | $ | 1,214 |  |  | $ | 4,231 |  |  | $ | 5,358 |
Bombshells | 1,535 |  |  | 6,708 |  |  | 3,443 |  |  | 15,027 |
Other | 2,205 |  |  | 41 |  |  | 3,703 |  |  | 78 |
Corporate | 1,228 |  |  | 1,574 |  |  | 1,425 |  |  | 1,627 |
| $ | 7,667 |  |  | $ | 9,537 |  |  | $ | 12,802 |  |  | $ | 22,090 |
| March 31, 2024 |  | September 30, 2023
Total assets |  |  |
Nightclubs | $ | 472,743 |  |  | $ | 483,563 |
Bombshells | 89,679 |  |  | 85,215 |
Other | 11,945 |  |  | 6,936 |
Corporate | 35,526 |  |  | 35,170 |
| $ | 609,893 |  |  | $ | 610,884 |
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended March 31, 2024, amounting to $4.6 million and $21,000, respectively, and for the six months ended March 31, 2024, amounting to $9.1 million and $248,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three and six months ended March 31, 2024 amounting to $89,000 and $128,000, 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, 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. 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.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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