Revenues

6 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Abstract]

Revenues

4. Revenues

On October 1, 2018, the Company adopted ASC Topic 606, Revenue from Contracts with Customers (formerly ASU 2014-09). The Company recognizes revenue from the sale of alcoholic beverages, food and merchandise, service and other revenues at the point-of-sale upon receipt of cash, check, or credit card charge, net of discounts and promotional allowances based on consideration specified in implied contracts with customers. Sales and liquor taxes collected from customers and remitted to governmental authorities are presented on a net basis in the unaudited condensed accompanying consolidated statements of income. The Company recognizes revenue when it satisfies a performance obligation (point in time of sale) by transferring control over a product or service to a customer.

Commission revenues, such as ATM commission, are recognized when the basis for such commission has transpired. Revenues from the sale of magazines and advertising content are recognized when the issue is published and shipped. Revenues and external expenses related to the Company’s annual Expo convention are recognized upon the completion of the convention, which normally occurs during our fiscal fourth quarter. Other rental revenues are recognized when earned (recognized over time) and are more appropriately covered by guidance under ASC Topic 840, Leases.

Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 11), are shown below.

	Three Months Ended March 31, 2019									Three Months Ended March 31, 2018
	Nightclubs			Bombshells		Other		Total		Nightclubs			Bombshells		Other		Total
Sales of alcoholic beverages	$	14,148		$	4,338	$	-	$	18,486	$	13,992		$	3,380	$	-	$	17,372
Sales of food and merchandise		3,293			3,146		-		6,439		3,208			2,216		-		5,424
Service revenues		16,943			36		-		16,979		16,133			-		-		16,133
Other revenues		2,663			7		252		2,922		2,110			6		181		2,297
	$	37,047		$	7,527	$	252	$	44,826	$	35,443		$	5,602	$	181	$	41,226
Recognized at a point in time	$	36,582		$	7,527	$	238	$	44,347	$	35,152		$	5,602	$	163	$	40,917
Recognized over time		465	*		-		14		479		291	*		-		18		309
	$	37,047		$	7,527	$	252	$	44,826	$	35,443		$	5,602	$	181	$	41,226

	Six Months Ended March 31, 2019									Six Months Ended March 31, 2018
	Nightclubs			Bombshells		Other		Total		Nightclubs			Bombshells		Other		Total
Sales of alcoholic beverages	$	28,950		$	7,846	$	-	$	36,796	$	28,117		$	7,060	$	-	$	35,177
Sales of food and merchandise		6,500			5,629		-		12,129		6,370			4,361		-		10,731
Service revenues		34,256			54		-		34,310		32,022			-		-		32,022
Other revenues		5,069			11		534		5,614		4,152			9		347		4,508
	$	74,775		$	13,540	$	534	$	88,849	$	70,661		$	11,430	$	347	$	82,438
Recognized at a point in time	$	73,974		$	13,540	$	505	$	88,019	$	70,079		$	11,430	$	308	$	81,817
Recognized over time		801	*		-		29		830		582	*		-		39		621
	$	74,775		$	13,540	$	534	$	88,849	$	70,661		$	11,430	$	347	$	82,438

* Rental revenue (included in Other Revenues) as covered by ASC Topic 840. All other revenues are covered by ASC Topic 606.

The Company does not have contract assets with customers. The Company’s unconditional right to consideration for goods and services transferred to the customer is included in accounts receivable, net in our unaudited condensed consolidated balance sheet. A reconciliation of contract liabilities with customers is presented below:

	Balance at September 30, 2018		Consideration Received		Recognized in Revenue			Balance at March 31, 2019
Ad revenue	$	126	$	374	$	(311	)	$	189
Expo revenue		-		357		(2	)		355
Other		8		33		(29	)		12
	$	134	$	764	$	(342	)	$	556

Contract liabilities with customers are included in accrued liabilities as unearned revenues in our unaudited condensed consolidated balance sheets (see also Note 5), while the revenues associated with these contract liabilities are included in other revenues in our unaudited condensed consolidated statements of income.