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Revenues
 12 Months Ended
Sep. 30, 2021
Revenue from Contract with Customer [Abstract]  
Revenues

4. Revenues

 

Revenues, as disaggregated by revenue type, timing of recognition, and reportable segment (see also Note 17), are shown below (in thousands).

 

   Fiscal 2021 
   Nightclubs   Bombshells   Other   Total 
Sales of alcoholic beverages  $54,305   $32,380   $-   $86,685 
Sales of food and merchandise   17,221    23,890    -    41,111 
Service revenues   55,146    315    -    55,461 
Other revenues   10,676    36    1,289    12,001 
   $137,348   $56,621   $1,289   $195,258 
                     
Recognized at a point in time  $135,799   $56,617   $1,284   $193,700 
Recognized over time   1,549    4    5    1,558 
   $137,348   $56,621   $1,289   $195,258 

 

   Fiscal 2020 
   Nightclubs   Bombshells   Other   Total 
Sales of alcoholic beverages  $31,950   $27,130   $-   $59,080 
Sales of food and merchandise   8,561    15,899    -    24,460 
Service revenues   41,004    158    -    41,162 
Other revenues   6,858    28    739    7,625 
   $88,373   $43,215   $739   $132,327 
                     
Recognized at a point in time  $87,049   $43,215   $725   $130,989 
Recognized over time   1,324    -    14    1,338 
   $88,373   $43,215   $739   $132,327 

 

   Fiscal 2019 
   Nightclubs   Bombshells   Other   Total 
Sales of alcoholic beverages  $57,277   $17,863   $-   $75,140 
Sales of food and merchandise   13,051    12,779    -    25,830 
Service revenues   67,893    162    -    68,055 
Other revenues   10,385    24    1,625    12,034 
   $148,606   $30,828   $1,625   $181,059 
                     
Recognized at a point in time  $146,938   $30,828   $1,572   $179,338 
Recognized over time   1,668    -    53    1,721 
   $148,606   $30,828   $1,625   $181,059 

 

* Lease revenue (included in Other Revenues) is covered by ASC 842 in fiscal 2021 and 2020, and ASC 840 in fiscal 2019. All other revenues are covered by ASC Topic 606.

 

 

 

RCI HOSPITALITY HOLDINGS, INC.

Notes to Consolidated Financial Statements

 

4. Revenues - continued

 

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 consolidated balance sheet. A reconciliation of contract liabilities with customers, included in accrued liabilities in our consolidated balance sheets, is presented below (in thousands):

 

   Balance at September 30, 2019   Consideration Received   Recognized in Revenue   Balance at September 30, 2020   Consideration Received   Recognized in Revenue   Balance at September 30, 2021 
Ad revenue  $76   $538   $(522)  $92   $593   $(601)  $84 
Expo revenue   -    211    -    211    393    (453)   151 
Other (including franchise fees, see below)   7    40    (14)   33    94    (8)   119 
   $83   $789   $(536)  $336   $1,080   $(1,062)  $354 

 

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

 

On December 22, 2020, the Company signed a franchise development agreement with a group of private investors to open three Bombshells locations in San Antonio, Texas over a period of five years, and the right of first refusal for three more locations in Corpus Christi, New Braunfels, and San Marcos, all in Texas. Upon execution of the agreement, the Company collected $75,000 in development fees representing 100% of the initial franchise fee of the first restaurant and 50% of the initial franchise fee of the second restaurant.