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Segment Information
 3 Months Ended
Dec. 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
December 31,
20242023
Revenues (from external customers)
Nightclubs$61,724 $61,033 
Bombshells9,587 12,731 
Other172 143 
$71,483 $73,907 
Income (loss) from operations
Nightclubs$20,882 $20,369 
Bombshells1,971 86 
Other(171)(196)
Corporate(8,776)(7,094)
$13,906 $13,165 
Depreciation and amortization
Nightclubs$2,971 $2,905 
Bombshells320 643 
Other13 2 
Corporate265 303 
$3,569 $3,853 
Capital expenditures
Nightclubs$1,554 $1,532 
Bombshells3,919 1,908 
Other85 1,498 
Corporate196 197 
$5,754 $5,135 
4. Segment Information—continued
December 31, 2024September 30, 2024
Total assets
Nightclubs$458,354 $454,892 
Bombshells75,966 79,091 
Other14,191 14,197 
Corporate37,707 36,184 
$586,218 $584,364 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended December 31, 2024, amounting to $4.7 million and $385,000, respectively, and for the three months ended December 31, 2023, amounting to $4.5 million and $227,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three months ended December 31, 2024, and 2023 amounting to $72,000 and $39,000, 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.