Document_And_Entity_Informatio
Document And Entity Information (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Mar. 06, 2015 | Jun. 30, 2014 | |
Document Information [Line Items] | |||
Entity Registrant Name | SCORES HOLDING CO INC | ||
Entity Central Index Key | 831489 | ||
Current Fiscal Year End Date | -19 | ||
Entity Filer Category | Smaller Reporting Company | ||
Trading Symbol | SCRH | ||
Entity Common Stock, Shares Outstanding | 165,186,144 | ||
Document Type | 10-K | ||
Amendment Flag | FALSE | ||
Document Period End Date | 31-Dec-14 | ||
Document Fiscal Period Focus | FY | ||
Document Fiscal Year Focus | 2014 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $4,577,154 |
CONSOLIDATED_BALANCE_SHEETS
CONSOLIDATED BALANCE SHEETS (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
CURRENT ASSETS: | ||
Cash | $127,253 | $4,522 |
Trade receivables - including affiliates, net | 324,410 | 188,988 |
Prepaid expenses | 11,268 | 11,217 |
Loan receivable | 34,844 | 0 |
Settlement receivable | 23,781 | 138,608 |
Total Current Assets | 521,556 | 343,335 |
Settlement receivable | 0 | 23,781 |
Loan receivable | 0 | 33,148 |
TOTAL ASSETS | 521,556 | 400,264 |
CURRENT LIABILITIES: | ||
Accounts payable and accrued expenses | 105,254 | 130,460 |
Security deposit payable | 37,500 | 10,000 |
Note payable related party | 34,844 | 0 |
Related party payable | 0 | 143,775 |
Settlement payable due to related party | 28,654 | 189,071 |
Total Current Liabilities | 206,252 | 473,306 |
Settlement payable due to related party | 0 | 28,654 |
Note payable to related party | 0 | 33,148 |
TOTAL LIABILITIES | 206,252 | 535,108 |
Commitments and Contingencies (Note 10) | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock, $.0001 par value, 10,000,000 shares authorized, -0- issued and outstanding | 0 | 0 |
Common stock, $.001 par value; 500,000,000 shares authorized, 165,186,144 issued and 165,186,124 outstanding, respectively | 165,186 | 165,186 |
Additional paid-in capital | 6,058,117 | 6,058,117 |
Accumulated deficit | -5,907,999 | -6,358,147 |
Total stockholders' Equity (Deficit) | 315,304 | -134,844 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $521,556 | $400,264 |
CONSOLIDATED_BALANCE_SHEETS_PA
CONSOLIDATED BALANCE SHEETS [PARENTHETICAL] (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Preferred stock, par value (in dollars per share) | $0.00 | $0.00 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 165,186,144 | 165,186,124 |
Common stock, shares outstanding | 165,186,144 | 165,186,124 |
CONSOLIDATED_STATEMENTS_OF_OPE
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
REVENUES | ||
Royalty Revenue | $835,240 | $731,563 |
Total Revenue | 835,240 | 731,563 |
EXPENSES | ||
General and Administrative Expenses | 481,178 | 528,133 |
INCOME FROM OPERATIONS | 354,062 | 203,430 |
OTHER INCOME/(EXPENSE) | ||
Interest Income/(Expense), net | -1,075 | -2,823 |
Settlement | 97,161 | 0 |
TOTAL OTHER INCOME/(EXPENSE) | 96,086 | -2,823 |
NET INCOME BEFORE INCOME TAXES | 450,148 | 200,607 |
PROVISION FOR INCOME TAXES | 0 | 0 |
NET INCOME | $450,148 | $200,607 |
NET INCOME PER SHARE-Basic and Diluted (in dollars per share) | $0.00 | $0.00 |
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING-Basic and Diluted (in shares) | 165,186,144 | 165,186,124 |
CONSOLIDATED_STATEMENT_OF_STOC
CONSOLIDATED STATEMENT OF STOCKHOLDER'S EQUITY (DEFICIT) (USD $) | Total | Common Stock [Member] | Additional Paid-in Capital [Member] | Accumulated Deficit during Development Stage [Member] |
Balance at Dec. 31, 2012 | ($335,451) | $165,186 | $6,058,117 | ($6,558,754) |
Balance (in shares) at Dec. 31, 2012 | 165,186,124 | |||
Net Income | 200,607 | 200,607 | ||
Balance at Dec. 31, 2013 | -134,844 | 165,186 | 6,058,117 | -6,358,147 |
Balance (in shares) at Dec. 31, 2013 | 165,186,124 | |||
Common stock adjustment for rounding | 0 | 0 | 0 | 0 |
Common stock adjustment for rounding (in shares) | 20 | |||
Net Income | 450,148 | 450,148 | ||
Balance at Dec. 31, 2014 | $315,304 | $165,186 | $6,058,117 | ($5,907,999) |
Balance (in shares) at Dec. 31, 2014 | 165,186,144 |
CONSOLIDATED_STATEMENTS_OF_CAS
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Income | $450,148 | $200,607 |
Changes in assets and liabilities: | ||
Licensee receivable | -135,422 | -117,077 |
Prepaid expenses | -51 | -3,788 |
Security deposit payable | 27,500 | 10,000 |
Accounts payable and accrued expenses | -25,206 | -27,244 |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 316,969 | 62,498 |
CASH FLOW FROM FINANCING ACTIVITIES: | ||
Related party payables | -143,775 | -77,840 |
Settlement receivable | 138,608 | 131,862 |
Loan receivable | -1,696 | -1,613 |
Settlement payable | -189,071 | -171,137 |
Loan payable | 1,696 | 1,613 |
NET CASH USED IN FINANCING ACTIVITIES | -194,238 | -117,115 |
NET INCREASE/(DECREASE) IN CASH | 122,731 | -54,617 |
Cash and cash equivalents - beginning of year | 4,522 | 59,139 |
Cash and cash equivalents - end of year | 127,253 | 4,522 |
Supplemental disclosures of cash flow information: | ||
Cash paid during the year for interest | 15,839 | 30,489 |
Cash paid for income taxes | $1,239 | $0 |
Organization
Organization | 12 Months Ended |
Dec. 31, 2014 | |
Accounting Policies [Abstract] | |
Organization [Text Block] | Note 1. Organization |
Scores Holding Company, Inc. and subsidiary (the “Company”) is a Utah corporation, formed in September 1981 and located in New York, NY. Originally incorporated as Adonis Energy, Inc., the Company adopted its current name in July 2002. The Company is a licensing company that exploits the “SCORES” name and trademark for licensing options. | |
The consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States. The consolidated financial statements of the Company include the accounts of Scores Licensing Corp. | |
Summary_of_Significant_Account
Summary of Significant Accounting Principles | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accounting Policies [Abstract] | ||||||||
Summary Of Significant Accounting Principles [Text Block] | Note 2. Summary of Significant Accounting Principles | |||||||
BASIS OF PRESENTATION | ||||||||
Principles of consolidation | ||||||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Inter-company items and transactions have been eliminated in consolidation. | ||||||||
Cash and cash equivalents | ||||||||
The Company considers all highly liquid temporary cash investments, with a maturity of three months or less when purchased, to be cash equivalents. There are times when cash may exceed $250,000, the FDIC insured limit. | ||||||||
Fair Value of Financial Instruments | ||||||||
The carrying value of cash, trade receivables, prepaid expenses, other receivables and accrued expenses, if applicable, approximate their fair values based on the short-term maturity of these instruments. The carrying amounts of debt were also estimated to approximate fair value. | ||||||||
The Company utilizes the methods of fair value measurement as described in ASC 820 to value its financial assets and liabilities. As defined in ASC 820, fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability in fair value measurements, ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: | ||||||||
Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. | ||||||||
Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. | ||||||||
Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. | ||||||||
Licensee receivable and reserves | ||||||||
Accounts deemed uncollectible are applied against the allowance for doubtful accounts. Allowance for doubtful accounts had a balance of $-0- and $-0- for the December 31, 2014 and 2013 periods. In reviewing any delinquent royalty or note receivable, the Company considers many factors in estimating its reserve, including historical data, experience, customer types, credit worthiness, financial distress and economic trends. From time to time, the Company may adjust its assumptions for anticipated changes in any of above or other factors expected to affect collectability. | ||||||||
Stock Based Compensation | ||||||||
The Company accounts for the plans under the recognition and measurement provisions of Accounting Standards Codification (ASC) Topic 718 Compensation – Stock Compensation. The standard requires entities to measure the cost of employee services received in exchange for stock options based on the grant-date fair value of the award, and to recognize the cost over the period the employee is required to provide services for the award. | ||||||||
There were no stock options or warrants issued during the years ended December 31, 2014 and 2013, hence the Company has recorded no compensation expense. If the Company were to issue equity rights for compensation, then the Company would recognize compensation expense under Topic 718 over the requisite service period using the Black-Scholes model for equity rights granted. | ||||||||
Revenue recognition | ||||||||
The Company records revenues earned as royalties under its license agreements as they are earned over the term of the license agreements. The terms of the royalties earned under these license agreements vary from a flat monthly fee to a percentage of the revenues of the licensee on a monthly basis. If a license agreement is terminated then the remaining unearned balance of the deferred revenues are recorded as earned if applicable. | ||||||||
As a result of the tenuous nature of the gentlemen’s club industry in general and the resulting financial instability of several of our new licensees the company has implemented a policy of recognizing revenue for these specific entities as it is received rather than when it is earned. Once our relationship with them has been more firmly established and payments have been made regularly and on time we will report these revenues when earned. | ||||||||
Income Taxes | ||||||||
The Company accounts for income taxes in accordance with ASC 740-10-25, “Accounting for Income Taxes”. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. | ||||||||
The Company has net operating loss carryforwards of approximately $4,675,000, which expire in the years 2018 through 2034. The related deferred tax asset of approximately $4,675,000 has been offset by a valuation allowance. The Company’s net operating loss carryforwards have been limited, pursuant to the Internal Revenue Code Section 382, as to the utilization of such net operating loss carryforwards due to changes in ownership of the Company over the years. We have determined the Company has lost $1,450,000 of net operating loss carryforwards or $635,000 of the deferred tax asset due to the change in ownership in 2001. The Company is currently undertaking a study to determine the value of the Company at a second ownership change in 2009. Upon finalization of the study we will determine how much of a deferred tax asset should be recorded from the remaining net operating loss carryforwards. | ||||||||
2014 | 2013 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforward | $ | 1,850,000 | $ | 2,690,000 | ||||
Temporary – legal accrual | - | - | ||||||
Less valuation allowance | -1,850,000 | -2,690,000 | ||||||
Net deferred tax asset | $ | - | $ | - | ||||
The reconciliation of the Company’s effective tax rate differs from the Federal income tax rate of 34% for the years ended December 31, 2014 and 2013, as a result of the following: | ||||||||
2014 | 2013 | |||||||
Tax (benefit) at statutory rate | $ | 153,000 | $ | 68,000 | ||||
State and local taxes | 46,000 | 21,000 | ||||||
Permanent differences | - | - | ||||||
Change in valuation allowance | -199,000 | -89,000 | ||||||
Tax due | $ | - | $ | - | ||||
The past three years of tax returns remain subject to examination by the relevant tax authorities. | ||||||||
Income per Share | ||||||||
Under ASC 260-10-45, “Earnings Per Share”, basic income (loss) per common share is computed by dividing the income (loss) applicable to common stockholders by the weighted average number of common shares assumed to be outstanding during the period of computation. Diluted income (loss) per common share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Accordingly, the weighted average number of common shares outstanding for the years ended December 31, 2014 and 2013, respectively, is the same for purposes of computing both basic and diluted net income per share for such years. | ||||||||
Accounting Estimates and Assumptions | ||||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||
The Company is charged a monthly fee for operating expenses and overhead as a result of the use of a shared facility and employees of an affiliate. | ||||||||
Concentration of Credit Risk | ||||||||
The Company earns predominately royalty revenues and to a lesser extent merchandise sales from 14 licensees. | ||||||||
With regards to 2014, concentrations of sales from 6 licensees range from 11% to 18%, totalling 88%.There are receivables from 3 licensees ranging from 18% to 34%, totalling 71%. Included in theses amounts for 2014 were sales from 2 licensees considered related parties representing 11% and 13% of sales. There are receivables from 3 licensees that are considered related parties of 18%, 18% and 34%. | ||||||||
With regards to 2013, concentrations of sales from 5 licensees range from 16% to 21%, totalling 93%.There are receivables from 3 licensees ranging from 13% to 51%, totalling 79%. Included in these amounts for 2013 was 1 licensee considered a related party. Sales from this licensee were 21%. There is a receivable from 1 related party licensee of 51%. | ||||||||
New Accounting Pronouncements | ||||||||
In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers”. The update gives entities a single comprehensive model to use in reporting information about the amount and timing of revenue resulting from contracts to provide goods or services to customers. The proposed ASU, which would apply to any entity that enters into contracts to provide goods or services, would supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, the update would supersede some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. The update removes inconsistencies and weaknesses in revenue requirements and provides a more robust framework for addressing revenue issues and more useful information to users of financial statements through improved disclosure requirements. In addition, the update improves comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets and simplifies the preparation of financial statements by reducing the number of requirements to which an entity must refer. The update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition. | ||||||||
All other new accounting pronouncements issued but not yet effective or adopted have been deemed not to be relevant to us, hence are not expected to have any impact once adopted. | ||||||||
RelatedParty_Transactions
Related-Party Transactions | 12 Months Ended |
Dec. 31, 2014 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Note 3. Related-Party Transactions |
Transactions with Common ownership affiliates: | |
On January 24, 2006, the Company entered into a licensing agreement with AYA International, Inc. (“AYA”) granting AYA the right to use our trademarks in connection with its online video chat website, “Scoreslive.com.” The agreement with AYA provides for royalty payments to be made directly to the Company at the rate of 4.99% of weekly gross revenues from all revenue sources within the AYA website. On December 21, 2009, AYA transferred all of its rights in Scoreslive.com and in its licensing agreement with us to Swan Media Group, Inc., a newly formed New York corporation whose majority owner (80%) is Robert M. Gans, who is also the majority shareholder and chief executive officer of the Company. The Company is owed $111,279 and $95,899 in unpaid royalties and expenses as of December 31, 2014 and December 31, 2013, respectively. | |
On January 27, 2009, the Company entered into a licensing agreement with its affiliate through common ownership I.M. Operating LLC (“IMO”) for the use of the Scores brand name “Scores New York”. Robert M. Gans is the majority owner (72%) of IMO and is also the Company’s majority shareholder, and Howard Rosenbluth, the Company’s Treasurer and a Director, owns 2%. IMO owes the Company a royalty receivable of $59,935 as of December 31, 2014. IMO paid for various years of administrative costs related to accounting, business development, insurance and legal services for the Company, which a portion thereof in the amount of $6,275 remains a payable to this related party as of December 31, 2013. | |
The Company also leases office space directly from Westside Realty of New York, Inc. (WSR), the owner of the West 27th Street Building. The majority owner of WSR (80%) is Robert M. Gans. Since April 1, 2009, the monthly rent has been $2,500 per month including overhead costs. The Company owed WSR $0 and $107,500 in unpaid rents as of December 31, 2014 and December 31, 2013, respectively. | |
Effective January 1, 2013, the Company entered into a management services agreement with Metropolitan Lumber Hardware and Building Supplies, Inc., pursuant to which Metropolitan Lumber Hardware and Building Supplies, Inc. provides management and other services to the Company, including the services of Robert M. Gans and Howard Rosenbluth to act as executive officers of the Company. In consideration of the services, the Company pays Metropolitan Lumber Hardware and Building Supplies, Inc. a fee in the amount of $30,000 per year. The agreement may be terminated by either party upon ten days’ written notice. Mr. Gans is the sole owner of Metropolitan Lumber Hardware and Building Supplies, Inc. The Company owed Metropolitan Lumber Hardware and Building Supplies, Inc. $0 and $30,000 in unpaid management services as of December 31, 2014 and December 31, 2013, respectively. | |
Effective December 9, 2013, we granted an exclusive, non-transferable license for the use of the “Scores Atlantic City” name to Star Light Events LLC (“Star Light”) for its gentlemen’s club in Atlantic City, New Jersey. Royalties under this license are payable at the rate of $10,000 per month, commencing in April 2014, and the license is for a term of five years, with five successive five year renewal terms. Pursuant to the written agreement, we also granted Star Light a non-exclusive, non-transferable license to sell certain licensed products bearing our trademarks. Starlight will purchase the licensed products from us or our affiliates at our cost plus 25%. Robert M. Gans, our President, Chief Executive Officer and a director, is the majority owner (92.165%) of Star Light Events LLC and Howard Rosenbluth, our Secretary, Treasurer and a Director, owns 1%. Starlight owes the Company a royalty receivable of $60,000 at December 31, 2014. | |
On December 9, 2013, the Company entered into a license agreement with its subsidiary, SLC, granting SLC the exclusive right to use certain trademarks, including the “Scores” stylized trademark, in connection with certain goods and services. The grant of license also includes the right to issue sublicenses to third parties, subject to the approval of the Company. Pursuant to the agreement, SLC shall pay to the Company a royalty, as determined by the Company, such as a percentage of net revenue or a flat fee, received in connection with the provision of services and/or sale of goods using the trademarks. SLC may also pay a percentage, as determined by the Company, of all royalties received by SLC under any sublicense agreements. SLC and any sublicensees are to adhere to quality standards as set by the Company, and the Company has the right to inspect all facilities and approve all promotional and marketing materials as well as any related packaging. The agreement has a one-year term with automatic one-year renewals, subject to either party’s election to terminate the agreement at least thirty days prior to such renewal. The Company also has the right to terminate the agreement, with immediate effect, upon the occurrence of certain events. The license is subject to any pre-existing license agreements as of the date of the agreement. | |
The total amounts due to the various related parties as of December 31, 2014 and December 31, 2013 was $0 and $143,775 respectively and the total amounts due to the Company from the various related parties as of December 31, 2014 and 2013 was $231,214 and $95,899, respectively. | |
Intangible_Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets [Text Block] | Note 4. Intangible Assets |
Trademark | |
In connection with the acquisition of Scores Licensing Company (“SLC”) as discussed above, the Company acquired the trademark to the name "SCORES". This trademark had a gross recorded value at December 31, 2008 of $878,318 which had been increased for the purchase from SLC for $250,000. This trademark has been registered in the United States, Canada, Japan, Mexico and the European Community. The trademark has been completely amortized by straight line method over an estimated useful life of ten years. The Company's trademark having an infinite useful life by its definition is being amortized over ten years due to the difficult New York legal environment for which the related showcase adult club is operating. As of December 31, 2014 and 2013 the cost of the trademark has been fully amortized. | |
Licensees
Licensees | 12 Months Ended |
Dec. 31, 2014 | |
Licenses [Abstract] | |
Licenses Disclosure [Text Block] | Note 5. Licensees |
The Company has fourteen license agreements which were obtained between 2003 and 2014; Stone Park Entertainment Group, Inc. known as “Scores Chicago”, Club 2000 Eastern Avenue Inc. known as “Scores Baltimore”, Silver Bourbon, Inc., I.M Operating LLC known as “IMO”, Tampa Food and Entertainment Inc., Norm A Properties, LLC, Swan Media Group, Inc. (formerly AYA International, Inc.), South East Clubs (which includes Savannah, Jacksonville and West Palm Beach), Starlight Events LLC known as “Scores Atlantic City”, Scores Licensing Corp known as “SLC”, Houston KP LLC, Parallax Management Corporation known as “Scores Gary”, Manhattan Fashion, L.L.C. known as “Scores Harvey” and TWDDD, Inc. known as “Scores Mooresville”. | |
“IMO’s” members are our majority shareholder, Robert M. Gans (72%), and Secretary and Director, Howard Rosenbluth (2%) hence making “IMO” a related party. The building occupied by IMO is owned by Westside Realty of New York Inc., of which the majority owner is Robert M. Gans (80%). The club accounted for 13% and 21% of our royalty revenues for the years 2014 and 2013, respectively. Mr. Gans is also the majority owner (80%) of Swan Media Group, Inc., which accounted for 5% and 7% of our royalty revenues for the years 2014 and 2013. Mr. Gans is also the majority owner (92.165%) of Scores Atlantic City, which accounted for 11% and of our royalty revenues for the year 2014, royalties did not commence until April 2014. | |
SettlementNote_Receivables
Settlement/Note Receivables | 12 Months Ended |
Dec. 31, 2014 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Deferred Costs Capitalized Prepaid And Other Assets [Text Block] | Note 6. Settlement/Note Receivables |
On September 26, 2011, the Company, Richard Goldring and Elliot Osher (Goldring and Osher were formerly two of the Company’s principal shareholders) (collectively the “Defendants”) and Sari Diaz et al. (the “Plaintiffs”) entered into a Court approved Joint Stipulation of Settlement and Release (the “Settlement Agreement”) relating to a purported class action and collective action on behalf of all tipped employees filed by Plaintiffs, pursuant to which Defendants agreed to make a settlement payment of $450,000 to resolve and settle awards to Plaintiffs and related Plaintiffs’ attorneys’ fees. Additionally, the Defendants agreed to pay the employer portion of payroll taxes on approximately $300,000 in distributions, approximately $15,600. | |
In a settlement payment agreement among the Company, Goldring and Osher, the Company agreed to advance all of the Defendants’ obligations under the Settlement Agreement and to pay $64,500 of Goldring’s and Osher’s legal fees to their designated attorney. In consideration for the Company’s payment of these obligations, Goldring and Osher agreed, jointly and severally, to pay the Company $440,000 plus interest at the rate of 5% per annum on the unpaid balance of such amount, in 40 equal monthly payments of $11,965 per month. To secure his obligations under this agreement, Goldring agreed to assign to the Company a portion of his interests in a promissory note dated September 14, 2009 in the principal amount of $2,400,000 made by a third party to Goldring (the “Note”) and to grant the Company a security interest in the Note, which will remain in effect until his obligations under this settlement payment agreement are paid in full. As of December 31, 2014 and 2013, the settlement receivable is $23,781 and $138,608, respectively. | |
On December 29, 2011 the Company entered into a Promissory Note with Goldring for $30,000 plus interest at the rate of 5% per annum on the unpaid balance. To secure his obligations under this agreement, Goldring agreed to assign to the Company a portion of his interests in a promissory note dated September 14, 2009 in the principal amount of $2,400,000 made by a third party to Goldring (the “Note”) and to grant the Company a security interest in the Note, which will remain in effect until his obligations under this settlement payment agreement are paid in full. Three payments of $11,965 are due beginning March 2015. As of December 31, 2014 and 2013, this promissory note balance is $34,844 and $33,148, respectively. | |
SettlementNote_Payable
Settlement/Note Payable | 12 Months Ended |
Dec. 31, 2014 | |
Account Payables And Accrued Liabilities [Abstract] | |
Notes Payable [Text Block] | Note 7. Settlement/Note Payable |
As discussed in Note 6 regarding the settlement receivable it should be noted that Mr. Gans (the Company’s Chief Executive Officer and majority stockholder) advanced $560,151 to settle the Sari Diaz et. al. litigation and fund the $30,000 loan to Mr. Goldring. As of December 31, 2014 and 2013, $28,654 and $189,071, respectively, is outstanding. | |
Accounts_Payable_and_Accrued_E
Accounts Payable and Accrued Expenses | 12 Months Ended |
Dec. 31, 2014 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | Note 8. Accounts Payable and Accrued Expenses |
Accounts payable and accrued expenses as of December 31, 2014 is comprised of professional fees of $24,000, legal fees of $60,254, filing fees of $4,499, marketing fees of $6,500 and miscellaneous accruals and payables of $5,000. Accounts payable and accrued expenses as of December 31, 2013 is comprised of professional fees of $36,000, legal fees of $58,244, filing fees of $14,651, marketing fees of $8,000 and miscellaneous accruals and payables of $13,565. | |
Stock_Option
Stock Option | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] | Note 9. Stock Option | |||||||
Stock option plan: The below options are unsubscribed and were granted to the Company’s former President, CEO, Director and Secretary in consideration with their employment with the Company. These options were granted by the Board for the optionee to purchase shares of the Company’s common stock. These stock options are not “incentive stock options” under Section 422 of the Internal Revenue Code of 1986. The granted options fully vested upon issuance on October 22, 2002 and expired on March 31, 2013. | ||||||||
Stock option activity for the two years ended December 31, 2014 is summarized as follows: | ||||||||
Weighted | ||||||||
Average | ||||||||
Shares | Exercise Price | |||||||
Outstanding at December 31, 2012 | 85,000 | $ | 2.8 | |||||
Granted | - | - | ||||||
Exercised | - | - | ||||||
Expired or cancelled | -85,000 | - | ||||||
Outstanding at December 31, 2013 | -0- | 0 | ||||||
Granted | - | - | ||||||
Exercised | - | - | ||||||
Expired or cancelled | - | - | ||||||
Outstanding at December 31, 2014 | -0- | 0 | ||||||
The intrinsic value of a stock option/SSAR is the amount by which the market value of the underlying stock exceeds the exercise price of the options/SSAR. The intrinsic value of the options/SSAR as of December 31, 2014 and 2013 was $0 and $0 respectively. | ||||||||
Commitments_and_Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2014 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 10. Commitments and Contingencies |
The Company records $2,500 a month as rent, overhead, and services due to Metropolitan Lumber Hardware Building Supplies, Inc. for services rendered by the management of the Company. Mr. Gans is the sole owner of Metropolitian Lumber Hardware Building Supplies, Inc. | |
The Company currently leases office space from the Westside Realty of New York which is owned and operated by Robert Gans our majority shareholder, for $2,500 a month. | |
On June 14, 2011, Christina Maldonado, a former front door receptionist/coat checker at Scores New York, located in New York NY filed a civil lawsuit against the Company and IMO alleging violations of Title VII of the Civil Rights Act, New York State Human Rights Law, New York Executive Law, New York City Human Rights Law and the New York City Administrative Code, based on allegations of sexual discrimination and sexual harassment. The lawsuit further alleges that both the Company and IMO were her employers. The lawsuit seeks unspecified damages for alleged loss of past and future earnings and emotional distress and humiliation. The Company disputes that that it was an employer of the plaintiff and categorically denies all allegations of sexual discrimination and sexual harassment. The Company responded to the complaint and later filed an amended complaint and asserted a cross claim against IMO. The Company is vigorously defending itself in this litigation and does not expect that the outcome will be material. | |
On June 14, 2013, Elizabeth Shiflett, a former cocktail waitress, filed a civil lawsuit against the Company in the S.D.N.Y. alleging violations of Title VII of the Civil Rights Act of 1964 (“Title VII”), as amended, the New York State Human Rights Law (“NYSHRL”) and the New York City Human Rights Law (“NYCHRL”) based upon allegations of sexual discrimination, creating a hostile work environment based upon plaintiff’s sex and race and unlawful retaliation against plaintiff. The lawsuit further alleges that at all material times the Company was the employer of the plaintiff. The lawsuit had been preceded by a Determination of the U.S. Equal Employment Opportunity Commission (the “EEOC”) on January 25, 2013 that there was reasonable cause to believe that the Company had violated Title VII as a result of the complained-of conduct. The lawsuit seeks a declaratory judgment that the practices complained of violated Title VII, the NYSHRL and the NYCHRL, an injunction enjoining the Company from engaging in future unlawful acts of discrimination, harassment and retaliation, unspecified compensatory damages for plaintiff’s alleged loss of past and future earnings, emotional distress, humiliation and loss of reputation, punitive damages as a result of the Company’s alleged disregard of plaintiff’s protected civil rights, and attorneys’ fees and costs. The Company disputes that it was an employer of the plaintiff and categorically denies all allegations of sexual discrimination, sexual and racial harassment and retaliation. In an order dated April 10, 2014, the Court dismissed all federal claims. In May 2014, Ms. Shiflett filed an appeal. On February 19, 2015 the United States Court of Appeals Second Circuit, upheld the order from April 2014 and all federal claims have been dismissed. | |
On or about February 28, 2014, Kiana Love, a former entertainer and masseuse at The Penthouse Executive Club and Scores New York, both located in New York, NY, filed a civil lawsuit in the SDNY against us, The Executive Club, LLC, Go West Entertainment, Inc., Scores Entertainment, Inc., Entertainment Management Services, Inc., 333 East 60th Street., Inc., I.M. Operating, LLC, Richard Goldring, Elliot Osher, Robert Gans and Mark Yackow (collectively “Defendants”), alleging, for the time during which she performed as a masseuse, violations of the state and federal wage and hour laws, including the New York Labor Law and Fair Labor Standards Act, based upon allegations of failure to pay minimum wage, uniform related expenses, and allegations of improper wage deductions and tip misappropriation as well as record keeping violations. The lawsuit further alleges that at all material times Defendants were employers of Ms. Love, the plaintiff, while she performed massage services at Scores New York as well as The Penthouse Executive Club. The lawsuit seeks unspecified compensatory damages for plaintiff’s alleged loss of past wages and reimbursement of allegedly unlawful deductions. We dispute that we were an employer of the plaintiff, who was at all material times an independent contractor, and categorically deny all allegations of violations of law, including the wage and hour laws, improper tip taking, and violations related to uniforms. The Complaint in the action was served in June 2014. Certain defendants, including Scores Holding Company, Inc. answered on July 21, 2014. The Executive Club LLC and I.M. Operating, LLC each interposed a counterclaim for offset / unjust enrichment which Plaintiff answered on August 13, 2014. Fact discovery is set to close in June 2015. | |
There are no other material legal proceedings pending to which the Company or any of its property is subject, nor to our knowledge are any such proceedings threatened. | |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2014 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Note 11. SUBSEQUENT EVENTS |
Management evaluated subsequent events through the date of this filing and determined that no additional events have occurred that would require adjustment to or disclosure in the financial statements. | |
Summary_of_Significant_Account1
Summary of Significant Accounting Principles (Policies) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accounting Policies [Abstract] | ||||||||
Consolidation, Policy [Policy Text Block] | Principles of consolidation | |||||||
The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Inter-company items and transactions have been eliminated in consolidation. | ||||||||
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and cash equivalents | |||||||
The Company considers all highly liquid temporary cash investments, with a maturity of three months or less when purchased, to be cash equivalents. There are times when cash may exceed $250,000, the FDIC insured limit. | ||||||||
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments | |||||||
The carrying value of cash, trade receivables, prepaid expenses, other receivables and accrued expenses, if applicable, approximate their fair values based on the short-term maturity of these instruments. The carrying amounts of debt were also estimated to approximate fair value. | ||||||||
The Company utilizes the methods of fair value measurement as described in ASC 820 to value its financial assets and liabilities. As defined in ASC 820, fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability in fair value measurements, ASC 820 establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: | ||||||||
Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. | ||||||||
Level 2: Observable prices that are based on inputs not quoted on active markets, but corroborated by market data. | ||||||||
Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. | ||||||||
Licensee Receivable And Reserves [Policy Text Block] | Licensee receivable and reserves | |||||||
Accounts deemed uncollectible are applied against the allowance for doubtful accounts. Allowance for doubtful accounts had a balance of $-0- and $-0- for the December 31, 2014 and 2013 periods. In reviewing any delinquent royalty or note receivable, the Company considers many factors in estimating its reserve, including historical data, experience, customer types, credit worthiness, financial distress and economic trends. From time to time, the Company may adjust its assumptions for anticipated changes in any of above or other factors expected to affect collectability. | ||||||||
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Stock Based Compensation | |||||||
The Company accounts for the plans under the recognition and measurement provisions of Accounting Standards Codification (ASC) Topic 718 Compensation – Stock Compensation. The standard requires entities to measure the cost of employee services received in exchange for stock options based on the grant-date fair value of the award, and to recognize the cost over the period the employee is required to provide services for the award. | ||||||||
There were no stock options or warrants issued during the years ended December 31, 2014 and 2013, hence the Company has recorded no compensation expense. If the Company were to issue equity rights for compensation, then the Company would recognize compensation expense under Topic 718 over the requisite service period using the Black-Scholes model for equity rights granted. | ||||||||
Revenue Recognition, Policy [Policy Text Block] | Revenue recognition | |||||||
The Company records revenues earned as royalties under its license agreements as they are earned over the term of the license agreements. The terms of the royalties earned under these license agreements vary from a flat monthly fee to a percentage of the revenues of the licensee on a monthly basis. If a license agreement is terminated then the remaining unearned balance of the deferred revenues are recorded as earned if applicable. | ||||||||
As a result of the tenuous nature of the gentlemen’s club industry in general and the resulting financial instability of several of our new licensees the company has implemented a policy of recognizing revenue for these specific entities as it is received rather than when it is earned. Once our relationship with them has been more firmly established and payments have been made regularly and on time we will report these revenues when earned. | ||||||||
Income Tax, Policy [Policy Text Block] | Income Taxes | |||||||
The Company accounts for income taxes in accordance with ASC 740-10-25, “Accounting for Income Taxes”. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. | ||||||||
The Company has net operating loss carryforwards of approximately $4,675,000, which expire in the years 2018 through 2034. The related deferred tax asset of approximately $4,675,000 has been offset by a valuation allowance. The Company’s net operating loss carryforwards have been limited, pursuant to the Internal Revenue Code Section 382, as to the utilization of such net operating loss carryforwards due to changes in ownership of the Company over the years. We have determined the Company has lost $1,450,000 of net operating loss carryforwards or $635,000 of the deferred tax asset due to the change in ownership in 2001. The Company is currently undertaking a study to determine the value of the Company at a second ownership change in 2009. Upon finalization of the study we will determine how much of a deferred tax asset should be recorded from the remaining net operating loss carryforwards. | ||||||||
2014 | 2013 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforward | $ | 1,850,000 | $ | 2,690,000 | ||||
Temporary – legal accrual | - | - | ||||||
Less valuation allowance | -1,850,000 | -2,690,000 | ||||||
Net deferred tax asset | $ | - | $ | - | ||||
The reconciliation of the Company’s effective tax rate differs from the Federal income tax rate of 34% for the years ended December 31, 2014 and 2013, as a result of the following: | ||||||||
2014 | 2013 | |||||||
Tax (benefit) at statutory rate | $ | 153,000 | $ | 68,000 | ||||
State and local taxes | 46,000 | 21,000 | ||||||
Permanent differences | - | - | ||||||
Change in valuation allowance | -199,000 | -89,000 | ||||||
Tax due | $ | - | $ | - | ||||
The past three years of tax returns remain subject to examination by the relevant tax authorities. | ||||||||
Earnings Per Share, Policy [Policy Text Block] | Income per Share | |||||||
Under ASC 260-10-45, “Earnings Per Share”, basic income (loss) per common share is computed by dividing the income (loss) applicable to common stockholders by the weighted average number of common shares assumed to be outstanding during the period of computation. Diluted income (loss) per common share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Accordingly, the weighted average number of common shares outstanding for the years ended December 31, 2014 and 2013, respectively, is the same for purposes of computing both basic and diluted net income per share for such years. | ||||||||
Use of Estimates, Policy [Policy Text Block] | Accounting Estimates and Assumptions | |||||||
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | ||||||||
The Company is charged a monthly fee for operating expenses and overhead as a result of the use of a shared facility and employees of an affiliate. | ||||||||
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk | |||||||
The Company earns predominately royalty revenues and to a lesser extent merchandise sales from 14 licensees. | ||||||||
With regards to 2014, concentrations of sales from 6 licensees range from 11% to 18%, totalling 88%.There are receivables from 3 licensees ranging from 18% to 34%, totalling 71%. Included in theses amounts for 2014 were sales from 2 licensees considered related parties representing 11% and 13% of sales. There are receivables from 3 licensees that are considered related parties of 18%, 18% and 34%. | ||||||||
With regards to 2013, concentrations of sales from 5 licensees range from 16% to 21%, totalling 93%.There are receivables from 3 licensees ranging from 13% to 51%, totalling 79%. Included in these amounts for 2013 was 1 licensee considered a related party. Sales from this licensee were 21%. There is a receivable from 1 related party licensee of 51%. | ||||||||
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements | |||||||
In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers”. The update gives entities a single comprehensive model to use in reporting information about the amount and timing of revenue resulting from contracts to provide goods or services to customers. The proposed ASU, which would apply to any entity that enters into contracts to provide goods or services, would supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance throughout the Industry Topics of the Codification. Additionally, the update would supersede some cost guidance included in Subtopic 605-35, Revenue Recognition – Construction-Type and Production-Type Contracts. The update removes inconsistencies and weaknesses in revenue requirements and provides a more robust framework for addressing revenue issues and more useful information to users of financial statements through improved disclosure requirements. In addition, the update improves comparability of revenue recognition practices across entities, industries, jurisdictions, and capital markets and simplifies the preparation of financial statements by reducing the number of requirements to which an entity must refer. The update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition. | ||||||||
All other new accounting pronouncements issued but not yet effective or adopted have been deemed not to be relevant to us, hence are not expected to have any impact once adopted. | ||||||||
Summary_of_Significant_Account2
Summary of Significant Accounting Principles (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Accounting Policies [Abstract] | ||||||||
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | ||||||||
2014 | 2013 | |||||||
Deferred tax assets: | ||||||||
Net operating loss carryforward | $ | 1,850,000 | $ | 2,690,000 | ||||
Temporary – legal accrual | - | - | ||||||
Less valuation allowance | -1,850,000 | -2,690,000 | ||||||
Net deferred tax asset | $ | - | $ | - | ||||
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] | The reconciliation of the Company’s effective tax rate differs from the Federal income tax rate of 34% for the years ended December 31, 2014 and 2013, as a result of the following: | |||||||
2014 | 2013 | |||||||
Tax (benefit) at statutory rate | $ | 153,000 | $ | 68,000 | ||||
State and local taxes | 46,000 | 21,000 | ||||||
Permanent differences | - | - | ||||||
Change in valuation allowance | -199,000 | -89,000 | ||||||
Tax due | $ | - | $ | - | ||||
Stock_Option_Tables
Stock Option (Tables) | 12 Months Ended | |||||||
Dec. 31, 2014 | ||||||||
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block] | Stock option activity for the two years ended December 31, 2014 is summarized as follows: | |||||||
Weighted | ||||||||
Average | ||||||||
Shares | Exercise Price | |||||||
Outstanding at December 31, 2012 | 85,000 | $ | 2.8 | |||||
Granted | - | - | ||||||
Exercised | - | - | ||||||
Expired or cancelled | -85,000 | - | ||||||
Outstanding at December 31, 2013 | -0- | 0 | ||||||
Granted | - | - | ||||||
Exercised | - | - | ||||||
Expired or cancelled | - | - | ||||||
Outstanding at December 31, 2014 | -0- | 0 | ||||||
Summary_of_Significant_Account3
Summary of Significant Accounting Principles (Details) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Deferred tax assets: | ||
Net operating loss carryforward | $1,850,000 | $2,690,000 |
Temporary - legal accrual | 0 | 0 |
Less valuation allowance | -1,850,000 | -2,690,000 |
Net deferred tax asset | $0 | $0 |
Summary_of_Significant_Account4
Summary of Significant Accounting Principles (Details 1) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Accounting policies [Line Items] | ||
Tax (benefit) at statutory rate | $153,000 | $68,000 |
State and local taxes | 46,000 | 21,000 |
Permanent differences | 0 | 0 |
Change in valuation allowance | -199,000 | -89,000 |
Tax due | $0 | $0 |
Summary_of_Significant_Account5
Summary of Significant Accounting Principles (Details Textual) (USD $) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Dec. 31, 2001 | |
Accounting policies [Line Items] | |||
Cash, FDIC Insured Amount | $250,000 | ||
Allowance for Doubtful Accounts Receivable | 0 | 0 | |
Operating Loss Carryforwards | 4,675,000 | 1,450,000 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 34.00% | 34.00% | |
Operating Loss Carryforwards Expiration Dates 1 | expire in the years 2018 through 2034 | ||
Deferred Tax Assets, Valuation Allowance | 1,850,000 | 2,690,000 | |
Deferred Tax Assets, Gross | $635,000 | ||
Merchandising sales - 5 Licenses [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 93.00% | ||
Merchandising sales - 5 Licenses [Member] | Minimum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 16.00% | ||
Merchandising sales - 5 Licenses [Member] | Maximum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 21.00% | ||
Merchandising sales - 1 License [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 21.00% | ||
Merchandise Receivables - 3 Licenses [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 71.00% | 79.00% | |
Merchandise Receivables - 3 Licenses [Member] | Minimum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 18.00% | 13.00% | |
Merchandise Receivables - 3 Licenses [Member] | Maximum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 34.00% | 51.00% | |
Merchandise Receivables - 1 Licensee [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 51.00% | ||
Merchandising Sales 6 Licenses [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 88.00% | ||
Merchandising Sales 6 Licenses [Member] | Minimum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 11.00% | ||
Merchandising Sales 6 Licenses [Member] | Maximum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 18.00% | ||
Merchandising Sales 2 Licenses [Member] | Minimum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 11.00% | ||
Merchandising Sales 2 Licenses [Member] | Maximum [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 13.00% | ||
Merchandise Receivables - 1st of 3 Licencees [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 18.00% | ||
Merchandise Receivables - 2nd of 3 Licencees [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 18.00% | ||
Merchandise Receivables - 3rd of 3 Licencees [Member] | |||
Accounting policies [Line Items] | |||
Concentration Risk, Percentage | 34.00% |
RelatedParty_Transactions_Deta
Related-Party Transactions (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | ||||
Jan. 24, 2006 | Dec. 31, 2014 | Apr. 30, 2014 | Dec. 31, 2013 | Jan. 27, 2009 | Dec. 09, 2013 | |
Related Party Transaction [Line Items] | ||||||
Due To Related Parties, Current | $0 | $143,775 | ||||
Royalty Payment Rate On Gross Revenue | 4.99% | |||||
Royalties And Expenses Payable, Related Party | 111,279 | 95,899 | ||||
Related Party Royalties Payable Per Month | 10,000 | |||||
Due from Related Parties, Current | 231,214 | 95,899 | ||||
License Agreement Selling Price Description | Starlight will purchase the licensed products from us or our affiliates at our cost plus 25%. | |||||
Scores New York [Member] | Director [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 2.00% | |||||
Star Light Evens LLC [Member] | Director [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 1.00% | |||||
Star Light Evens LLC [Member] | Royalty Receivable [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Due to Affiliate | 60,000 | |||||
I.M. Operating LLC [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Due To Related Parties, Current | 6,275 | |||||
I.M. Operating LLC [Member] | Royalty Receivable [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Due to Affiliate | 59,935 | |||||
Robert M. Gans [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Related Party Rent Per Month | 2,500 | |||||
Rent Payable, Related Party | 0 | 107,500 | ||||
Robert M. Gans [Member] | Westside Realty of New York Inc [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 80.00% | |||||
Robert M. Gans [Member] | Scores New York [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 72.00% | |||||
Robert M. Gans [Member] | Star Light Evens LLC [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 92.17% | |||||
Robert M. Gans [Member] | Swan Media Group, Inc [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Equity Method Investment, Ownership Percentage | 80.00% | |||||
Metropolitan Lumber [Member] | ||||||
Related Party Transaction [Line Items] | ||||||
Management Services, Fee Amount Per Year | 30,000 | |||||
Management Services, Fee Payable | $0 | $30,000 |
Intangible_Assets_Details_Text
Intangible Assets (Details Textual) (Trademarks [Member], USD $) | 12 Months Ended |
Dec. 31, 2008 | |
Trademarks [Member] | |
Indefinite-lived Intangible Assets [Line Items] | |
Intangible Assets, Net (Excluding Goodwill) | $878,318 |
Finite-Lived Intangible Asset, Useful Life | 10 years |
Finite-lived Intangible Assets Acquired | $250,000 |
Licensees_Details_Textual
Licensees (Details Textual) | 12 Months Ended | ||
Dec. 31, 2014 | Dec. 31, 2013 | Jan. 27, 2009 | |
I.M. Operating LLC [Member] | |||
Licenses [Line Items] | |||
Percentage Of Royalty Revenue | 13.00% | 21.00% | |
Westside Realty of New York Inc [Member] | Robert M. Gans [Member] | |||
Licenses [Line Items] | |||
Equity Method Investment, Ownership Percentage | 80.00% | ||
Swan Media Group, Inc [Member] | Robert M. Gans [Member] | |||
Licenses [Line Items] | |||
Percentage Of Royalty Revenue | 5.00% | 7.00% | |
Equity Method Investment, Ownership Percentage | 80.00% | ||
Scores Atlantic City [Member] | |||
Licenses [Line Items] | |||
Percentage Of Royalty Revenue | 11.00% | ||
Scores Atlantic City [Member] | Robert M. Gans [Member] | |||
Licenses [Line Items] | |||
Equity Method Investment, Ownership Percentage | 92.17% | ||
Scores New York [Member] | Director [Member] | |||
Licenses [Line Items] | |||
Equity Method Investment, Ownership Percentage | 2.00% | ||
Scores New York [Member] | Robert M. Gans [Member] | |||
Licenses [Line Items] | |||
Equity Method Investment, Ownership Percentage | 72.00% |
SettlementNote_Receivables_Det
Settlement/Note Receivables (Details Textual) (USD $) | 1 Months Ended | 12 Months Ended | |||
Sep. 26, 2011 | Dec. 31, 2014 | Dec. 31, 2013 | Dec. 29, 2011 | Sep. 14, 2009 | |
Settlement and Note Receivables [Line Items] | |||||
Loss Contingency Settlement Payment By Defendant | $450,000 | ||||
Loss Contingency Agreement, Payroll Distributions | 300,000 | ||||
Loss Contingency Settlement, Additional Payment By Defendant | 15,600 | ||||
Loss Contingency Settlement Agreement, Advances To Defendant | 64,500 | ||||
Loss Contingency Settlement, Amount Receivable | 440,000 | ||||
Loss Contingency Settlement, Interest Rate On Receivables | 5.00% | ||||
Loss Contingency Settlement Agreement Amount Receivable Per Installment | 11,965 | ||||
Loss Contingency Settlement, Note Receivable | 2,400,000 | ||||
Settlement Assets Current And Noncurrent | 23,781 | 138,608 | |||
Debt Instrument, Face Amount | 30,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | ||||
Notes Payable, Current | $34,844 | $33,148 |
SettlementNote_Payable_Details
Settlement/Note Payable (Details Textual) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Account Payables And Accrued Liabilities [Line Items] | ||
Settlement Liability, Outstanding | $28,654 | $189,071 |
Mr. Gans [Member] | ||
Account Payables And Accrued Liabilities [Line Items] | ||
Advance For Settlement Of Litigation | 560,151 | |
Mr. Goldring [Member] | ||
Account Payables And Accrued Liabilities [Line Items] | ||
Loan Amount | $30,000 |
Accounts_Payable_and_Accrued_E1
Accounts Payable and Accrued Expenses (Details Textual) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Payables and Accruals [Line Items] | ||
Accrued Legal Fees Current | $60,254 | $58,244 |
Accrued Professional Fees, Current | 24,000 | 36,000 |
Other Accrued Liabilities, Current | 5,000 | 13,565 |
Accrued Filing Fees Current | 4,499 | 14,651 |
Accrued Marketing Costs, Current | $6,500 | $8,000 |
Stock_Option_Details
Stock Option (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2014 | Dec. 31, 2013 | |
Disclosure of Compensation Related Costs, Share-based Payments [Line Items] | ||
Beginning Balance (in shares) | 0 | 85,000 |
Granted (in shares) | 0 | 0 |
Exercised (in shares) | 0 | 0 |
Expired or cancelled (in shares) | 0 | -85,000 |
Ending Balance (in shares) | 0 | 0 |
Weighted Average Exercise Price, Beginning Balance | $0 | $2.80 |
Weighted Average Exercise Price, Granted | $0 | $0 |
Weighted Average Exercise Price, Exercised | $0 | $0 |
Weighted Average Exercise Price, Expired or cancelled | $0 | $0 |
Weighted Average Exercise Price, Ending Balance | $0 | $0 |
Stock_Option_Details_Textual
Stock Option (Details Textual) (USD $) | Dec. 31, 2014 | Dec. 31, 2013 |
Disclosure of Compensation Related Costs, Share-based Payments [Line Items] | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $0 | $0 |
Commitments_and_Contingencies_
Commitments and Contingencies (Details Textual) (USD $) | 12 Months Ended |
Dec. 31, 2014 | |
Other Commitments [Line Items] | |
Contributed Services Rent Per Month | $2,500 |
Robert Gan [Member] | |
Other Commitments [Line Items] | |
Lease Amount Per Month | $2,500 |