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Segment Information
 6 Months Ended
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,
2024202320242023
Revenues (from external customers)
Nightclubs$59,372 $57,031 $120,405 $113,356 
Bombshells12,771 14,315 25,502 27,746 
Other140 171 283 383 
$72,283 $71,517 $146,190 $141,485 
Income (loss) from operations
Nightclubs$11,021 $17,995 $31,390 $40,735 
Bombshells699 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,
2024202320242023
Depreciation and amortization
Nightclubs$2,927 $2,464 $5,832 $4,949 
Bombshells650 931 1,293 1,389 
Other2 63 4 126 
Corporate305 302 608 603 
$3,884 $3,760 $7,737 $7,067 
Capital expenditures
Nightclubs$2,699 $1,214 $4,231 $5,358 
Bombshells1,535 6,708 3,443 15,027 
Other2,205 41 3,703 78 
Corporate1,228 1,574 1,425 1,627 
$7,667 $9,537 $12,802 $22,090 
March 31, 2024September 30, 2023
Total assets
Nightclubs$472,743 $483,563 
Bombshells89,679 85,215 
Other11,945 6,936 
Corporate35,526 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.