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Segment Information
 3 Months Ended
Dec. 31, 2023
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,
20232022
Revenues (from external customers)
Nightclubs$61,033 $56,325 
Bombshells12,731 13,431 
Other143 212 
$73,907 $69,968 
Income (loss) from operations
Nightclubs$20,369 $22,740 
Bombshells86 1,847 
Other(196)(185)
Corporate(7,094)(7,504)
$13,165 $16,898 
Depreciation and amortization
Nightclubs$2,905 $2,485 
Bombshells643 458 
Other2 63 
Corporate303 301 
$3,853 $3,307 
Capital expenditures
Nightclubs$1,532 $4,144 
Bombshells1,908 8,319 
Other1,498 37 
Corporate197 53 
$5,135 $12,553 
4. Segment Information - continued
December 31, 2023September 30, 2023
Total assets
Nightclubs$491,046 $483,563 
Bombshells86,730 85,215 
Other7,628 6,936 
Corporate33,811 35,170 
$619,215 $610,884 
Excluded from revenues in the table above are intercompany rental revenues of the Nightclubs and Corporate segments for the three months ended December 31, 2023, amounting to $4.5 million and $227,000, respectively, and for the three months ended December 31, 2022, amounting to $3.7 million and $231,000, respectively; and intercompany sales of Robust Energy Drink included in Other segment for the three months ended December 31, 2023 and 2022 amounting to $39,000 and $37,000, 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.