Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2015 | Aug. 14, 2015 | |
Document Information [Line Items] | ||
Entity Registrant Name | SCORES HOLDING CO INC | |
Entity Central Index Key | 831,489 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | SCRH | |
Entity Common Stock, Shares Outstanding | 165,186,144 | |
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2015 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2,015 |
CONDENSED CONSOLIDATED BALANCE
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) | Jun. 30, 2015 | Dec. 31, 2014 |
CURRENT ASSETS: | ||
Cash | $ 286,518 | $ 127,253 |
Trade receivables - including affiliates, net | 468,840 | 324,410 |
Prepaid expenses | 28,093 | 11,268 |
Loan receivable | 0 | 34,844 |
Settlement receivable | 0 | 23,781 |
Total Current Assets | 783,451 | 521,556 |
TOTAL ASSETS | 783,451 | 521,556 |
CURRENT LIABILITIES: | ||
Accounts payable and accrued expenses | 105,992 | 105,254 |
Security deposit payable | 50,000 | 37,500 |
Note payable related party | 0 | 34,844 |
Related party payable | 15,000 | 0 |
Settlement payable due to related party | 0 | 28,654 |
Total Current Liabilities | 170,992 | 206,252 |
TOTAL LIABILITIES | $ 170,992 | $ 206,252 |
Commitments and Contingencies (Note 8) | ||
STOCKHOLDERS' EQUITY | ||
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 outstanding | 165,186 | 165,186 |
Additional paid-in capital | 6,058,117 | 6,058,117 |
Accumulated deficit | (5,610,844) | (5,907,999) |
Total stockholders' Equity | 612,459 | 315,304 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ 783,451 | $ 521,556 |
CONDENSED CONSOLIDATED BALANCE3
CONDENSED CONSOLIDATED BALANCE SHEETS [PARENTHETICAL] - $ / shares | Jun. 30, 2015 | Dec. 31, 2014 |
Preferred stock, par value (in dollars per share) | $ 0.0001 | $ 0.0001 |
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) | $ 0.001 | $ 0.001 |
Common stock, shares authorized | 500,000,000 | 500,000,000 |
Common stock, shares issued | 165,186,144 | 165,186,144 |
Common stock, shares outstanding | 165,186,144 | 165,186,144 |
CONDENSED CONSOLIDATED STATEMEN
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
REVENUES | ||||
Royalty Revenue | $ 392,279 | $ 166,405 | $ 614,267 | $ 370,758 |
Total Revenue | 392,279 | 166,405 | 614,267 | 370,758 |
EXPENSES | ||||
General and Administrative Expenses | 125,266 | 117,545 | 316,891 | 234,334 |
INCOME FROM OPERATIONS | 267,013 | 48,860 | 297,376 | 136,424 |
OTHER INCOME/(EXPENSE) | ||||
Interest Income/(Expense), net | (63) | (420) | (220) | (921) |
Settlement | 0 | 33,274 | 0 | 97,161 |
TOTAL OTHER INCOME/(EXPENSE) | (63) | 32,854 | (220) | 96,240 |
NET INCOME BEFORE INCOME TAXES | 266,950 | 81,714 | 297,156 | 232,664 |
PROVISION FOR INCOME TAXES | 0 | 0 | 0 | 0 |
NET INCOME | $ 266,950 | $ 81,714 | $ 297,156 | $ 232,664 |
NET INCOME PER SHARE-Basic and Diluted (in dollars per share) | $ 0.002 | $ 0 | $ 0.002 | $ 0.001 |
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING-Basic and Diluted (in shares) | 165,186,144 | 165,186,124 | 165,186,144 | 165,186,124 |
CONDENSED CONSOLIDATED STATEME5
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Income | $ 297,156 | $ 232,664 |
Changes in assets and liabilities: | ||
Licensee receivable | (144,430) | (48,138) |
Prepaid expenses | (16,825) | (16,352) |
Security deposit payable | 12,500 | 15,000 |
Accounts payable and accrued expenses | 737 | (12,688) |
NET CASH PROVIDED BY OPERATING ACTIVITIES | 149,138 | 170,486 |
CASH FLOW FROM FINANCING ACTIVITIES: | ||
Related party payables | 15,000 | (143,775) |
Settlement receivable | 23,781 | 68,440 |
Loan receivable | 34,844 | (838) |
Settlement payable | (28,654) | (97,172) |
Loan payable | (34,844) | 838 |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | 10,127 | (172,507) |
NET INCREASE/(DECREASE) IN CASH | 159,265 | (2,021) |
Cash and cash equivalents - beginning of year | 127,253 | 4,522 |
Cash and cash equivalents - end of year | 286,518 | 2,501 |
Supplemental disclosures of cash flow information: | ||
Cash paid during the year for interest | 952 | 12,125 |
Cash paid for income taxes | $ 1,225 | $ 1,139 |
Organization
Organization | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Organization [Text Block] | Note 1. Organization BASIS OF PRESENTATION 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 condensed 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. (“SLC”). Our condensed consolidated financial statements include our accounts, as well as those of our wholly-owned subsidiary. Certain prior period amounts have been reclassified to conform to the current period presentation. Our accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnote disclosures required by U.S. GAAP for complete financial statements. The condensed consolidated financial statements reflect all adjustments considered necessary for a fair presentation of the condensed consolidated results of operations and financial position for the interim periods presented. All such adjustments are of a normal recurring nature. These unaudited condensed interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes to the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2014. The preparation of financial statements in conformity with U.S. GAAP requires us 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 results of operations for the six months ended June 30, 2015 are not necessarily indicative of the results to be expected for any other interim period or for the year ending December 31, 2015. |
Summary of Significant Accounti
Summary of Significant Accounting Principles | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
Summary Of Significant Accounting Principles [Text Block] | Note 2. Summary of Significant Accounting Principles The Company earns predominately royalty revenues and to a lesser extent merchandise sales from 14 licensees. With regards to 2015, concentrations of sales from 4 licensees range from 11 14 52 15 25 61 11 15 21 25 With regards to 2014, concentrations of sales from 5 licensees range from 16 20 86 11 41 87 16 22 41 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. 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. 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 Net income per share data for both the six-month periods ending June 30, 2015 and 2014 are based on net income available to common shareholders divided by the weighted average of the number of common shares outstanding. As of June 30, 2015, there are no outstanding stock equivalents. 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. In June 2014, FASB issued Accounting Standards Update (“ASU”) No. 2014-09, “ Revenue from Contracts with Customers”. All 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. |
Related-Party Transactions
Related-Party Transactions | 6 Months Ended |
Jun. 30, 2015 | |
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 80 117,189 111,279 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 2 99,207 59,935 The Company also leases office space directly from Westside Realty of New York, Inc. (WSR), the owner of the West 27 th 80 2,500 0 0 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 On May 5, 2015, we entered into an amendment, effective as of January 1, 2015, to our management services agreement with Metropolitan Lumber, Hardware and Building Supplies, Inc. Pursuant to the amendment, the fee we pay MLH for the management and other services it provides to us was increased from $ 30,000 90,000 15,000 0 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 Starlight will purchase the licensed products from us or our affiliates at our cost plus 25% 92.165 1 70,000 60,000 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 June 30, 2015 and December 31, 2014 was $ 15,000 0 286,397 231,214 |
Intangible Assets
Intangible Assets | 6 Months Ended |
Jun. 30, 2014 | |
Goodwill and Intangible Assets Disclosure [Abstract] | |
Intangible Assets [Text Block] | Note 4. Intangible Assets Trademark The Company has been in the business of licensing the “Scores” trademarks and other intellectual property to gentlemen’s nightclubs with adult entertainment in the United States. In connection with the acquisition of Scores Licensing Company (“SLC”) during 2002, the Company acquired the trademark to the name "SCORES". Through 2008 the trademark had accumulated a gross recorded value of $ 878,318 250,000 175,000 453,318 |
Licensees
Licensees | 6 Months Ended |
Jun. 30, 2015 | |
Licenses [Abstract] | |
Licenses Disclosure [Text Block] | Note 5. Licensees The Company has eighteen license agreements which were obtained between 2003 and 2015; 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 and Jacksonville), 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”, TWDDD, Inc. known as “Scores Mooresville”, Greenville, South Carolina, Columbus, Ohio, Providence, Rhode Island and New Haven, Connecticut. See Note 8 for litigation relating to a few of these clubs. “IMO’s” members are our majority shareholder, Robert M. Gans ( 72 2 80 6 16 80 1 8 92.165 10 8 |
Settlement_Note Receivables
Settlement/Note Receivables | 6 Months Ended |
Jun. 30, 2015 | |
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 $ 450,000 300,000 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 $ 64,500 440,000 5 11,965 2,400,000 0 23,781 On December 29, 2011 the Company entered into a Promissory Note with Goldring for $ 30,000 5 11,965 0 34,844 |
Settlement_Note Payable
Settlement/Note Payable | 6 Months Ended |
Jun. 30, 2015 | |
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 30,000 0 28,654 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 8. Commitments and Contingencies The Company records $ 7,500 90,000 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 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 alleged that both the Company and IMO were her employers. The lawsuit sought unspecified damages for alleged loss of past and future earnings and emotional distress and humiliation. The Company disputed that that it was an employer of the plaintiff and categorically denied 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 parties settled the litigation with no liability on the Company’s part, and a stipulation of discontinuance was filed on April 22, 2015. 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 March 7, 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 alleged 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 sought unspecified compensatory damages for plaintiff’s alleged loss of past wages and reimbursement of allegedly unlawful deductions. Without any party admitting liability, the parties settled the referenced litigation for approximately $ 21,403.65 April 13, 2015 On February 13, 2015 we, together with our subsidiary SLC, filed an action against Southeast Show Clubs, LLC and Michael Tomkovich in the Supreme Court of the State of New York for the County of New York. Defendants had utilized the “Scores” name and trademark in connection with their ownership and operation of adult entertainment clubs in Jacksonville and Palm Beach, Florida and in Savannah, Georgia. In this action we sought damages for breach of contract in the amount of $900,000 plus interest, damages due to defamation and tortious interference in connection with the use of the “Scores” trademark in the amount of $500,000 Pursuant to the settlement, defendants agreed to pay us $150,000, payable in 13 installments. The first installment of $50,000 was paid upon finalization of the settlement, with 12 subsequent monthly payments of $8,333.33 commencing on May 1, 2015 5,000 On February 19, 2015 we, together with our subsidiary SLC, filed an action against Norm A Properties LLC in the Supreme Court of the State of New York for the County of New York. Defendant utilizes the “Scores” name and trademark in connection with its ownership and operation of and adult entertainment club in Detroit, Michigan. In this action we sought damages for breach of contract in the amount of $ 110,000 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 | 6 Months Ended |
Jun. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events [Text Block] | Note 9. 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 Accoun15
Summary of Significant Accounting Principles (Policies) | 6 Months Ended |
Jun. 30, 2015 | |
Accounting Policies [Abstract] | |
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 2015, concentrations of sales from 4 licensees range from 11 14 52 15 25 61 11 15 21 25 With regards to 2014, concentrations of sales from 5 licensees range from 16 20 86 11 41 87 16 22 41 |
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. |
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 |
Earnings Per Share, Policy [Policy Text Block] | Income per Share Net income per share data for both the six-month periods ending June 30, 2015 and 2014 are based on net income available to common shareholders divided by the weighted average of the number of common shares outstanding. As of June 30, 2015, there are no outstanding stock equivalents. |
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. |
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”. All 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 Accoun16
Summary of Significant Accounting Principles (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Jun. 30, 2014 | |
Accounting policies [Line Items] | ||
Cash, FDIC Insured Amount | $ 250,000 | |
Merchandising sales - 5 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 86.00% | |
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 | 20.00% | |
Merchandising sales - 1 License [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 11.00% | 16.00% |
Merchandise Receivables - 3 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 61.00% | |
Merchandise Receivables - 3 Licenses [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 15.00% | |
Merchandise Receivables - 3 Licenses [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 25.00% | |
Merchandise Receivables - 2 Licensee [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 22.00% | |
Merchandise Receivables - 2 Licensee [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 41.00% | |
Merchandise Receivables - 1st of 3 Licencees [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 25.00% | |
Merchandise Receivables - 1st of 3 Licencees [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 15.00% | |
Merchandise Receivables - 1st of 3 Licencees [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 21.00% | |
Merchandising Receivables - 4 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 87.00% | |
Merchandising Receivables - 4 Licenses [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 11.00% | |
Merchandising Receivables - 4 Licenses [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 41.00% | |
Merchandising Sales - 4 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 52.00% | |
Merchandising Sales - 4 Licenses [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 11.00% | |
Merchandising Sales - 4 Licenses [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 14.00% |
Related-Party Transactions (Det
Related-Party Transactions (Details Textual) - USD ($) | May. 05, 2015 | Jan. 24, 2006 | Jun. 30, 2015 | Dec. 31, 2014 | Apr. 30, 2014 | Dec. 09, 2013 | Jan. 27, 2009 |
Related Party Transaction [Line Items] | |||||||
Due To Related Parties, Current | $ 15,000 | $ 0 | |||||
Royalty Payment Rate On Gross Revenue | 4.99% | ||||||
Royalties And Expenses Payable, Related Party | 117,189 | 111,279 | |||||
Due from Related Parties, Current | 286,397 | 231,214 | |||||
Westside Realty of New York Inc [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Rent Per Month | 2,500 | ||||||
Rent Payable, Related Party | $ 0 | 0 | |||||
Scores New York [Member] | Director [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Equity Method Investment, Ownership Percentage | 2.00% | ||||||
Star Light Evens LLC [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Related Party Royalties Payable Per Month | $ 10,000 | ||||||
License Agreement Selling Price Description | Starlight will purchase the licensed products from us or our affiliates at our cost plus 25% | ||||||
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 | $ 70,000 | 60,000 | |||||
I.M. Operating LLC [Member] | Director [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Equity Method Investment, Ownership Percentage | 2.00% | ||||||
I.M. Operating LLC [Member] | Royalty Receivable [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Due to Affiliate | $ 99,207 | 59,935 | |||||
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% | 72.00% | |||||
Robert M. Gans [Member] | Star Light Evens LLC [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Equity Method Investment, Ownership Percentage | 92.165% | ||||||
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 Payable | $ 15,000 | $ 0 | |||||
Metropolitan Lumber [Member] | Maximum [Member] | Subsequent Event [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Management Services, Fee Amount Per Year | $ 90,000 | ||||||
Metropolitan Lumber [Member] | Minimum [Member] | Subsequent Event [Member] | |||||||
Related Party Transaction [Line Items] | |||||||
Management Services, Fee Amount Per Year | $ 30,000 | $ 30,000 |
Intangible Assets (Details Text
Intangible Assets (Details Textual) - Trademarks [Member] - USD ($) | 6 Months Ended | 12 Months Ended |
Jun. 30, 2015 | Dec. 31, 2008 | |
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 | |
Settlement Agreement [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Finite-lived Intangible Assets Acquired | 175,000 | |
Master License Agreement [Member] | ||
Indefinite-lived Intangible Assets [Line Items] | ||
Finite-lived Intangible Assets Acquired | $ 453,318 |
Licensees (Details Textual)
Licensees (Details Textual) | 6 Months Ended | ||
Jun. 30, 2015 | Jun. 30, 2014 | Jan. 27, 2009 | |
I.M. Operating LLC [Member] | |||
Licenses [Line Items] | |||
Percentage Of Royalty Revenue | 6.00% | 16.00% | |
I.M. Operating LLC [Member] | Director [Member] | |||
Licenses [Line Items] | |||
Equity Method Investment, Ownership Percentage | 2.00% | ||
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] | |||
Licenses [Line Items] | |||
Percentage Of Royalty Revenue | 1.00% | 8.00% | |
Swan Media Group, Inc [Member] | Robert M. Gans [Member] | |||
Licenses [Line Items] | |||
Equity Method Investment, Ownership Percentage | 80.00% | ||
Scores Atlantic City [Member] | |||
Licenses [Line Items] | |||
Percentage Of Royalty Revenue | 10.00% | 8.00% | |
Scores Atlantic City [Member] | Robert M. Gans [Member] | |||
Licenses [Line Items] | |||
Equity Method Investment, Ownership Percentage | 92.165% | ||
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% | 72.00% |
Settlement_Note Receivables (De
Settlement/Note Receivables (Details Textual) - USD ($) | 1 Months Ended | 6 Months Ended | 12 Months Ended | ||
Sep. 26, 2011 | Jun. 30, 2015 | Dec. 31, 2014 | 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 | $ 0 | $ 23,781 | |||
Promissory Note [Member] | |||||
Settlement and Note Receivables [Line Items] | |||||
Debt Instrument, Face Amount | $ 30,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 5.00% | ||||
Notes Payable, Current | $ 0 | $ 34,844 |
Settlement_Note Payable (Detail
Settlement/Note Payable (Details Textual) - USD ($) | 6 Months Ended | |
Jun. 30, 2015 | Dec. 31, 2014 | |
Account Payables And Accrued Liabilities [Line Items] | ||
Settlement Liability, Outstanding | $ 0 | $ 28,654 |
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 |
Commitments and Contingencies (
Commitments and Contingencies (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||||
Apr. 17, 2015 | Feb. 19, 2015 | Feb. 13, 2015 | Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014 | |
Other Commitments [Line Items] | |||||||
Litigation Settlement, Amount | $ 0 | $ 33,274 | $ 0 | $ 97,161 | |||
Defendants [Member] | Settled Litigation [Member] | |||||||
Other Commitments [Line Items] | |||||||
Litigation Settlement, Amount | $ 21,403.65 | ||||||
Loss Contingency, Date of Dismissal | Apr. 13, 2015 | ||||||
Norm A Properties LLC [Member] | |||||||
Other Commitments [Line Items] | |||||||
Loss Contingency, Damages Sought, Value | $ 110,000 | ||||||
Southeast Show Clubs, LLC and Michael Tomkovich [Member] | Settled Litigation [Member] | |||||||
Other Commitments [Line Items] | |||||||
Loss Contingency, Damages Sought | amount of $900,000 plus interest, damages due to defamation and tortious interference in connection with the use of the Scores trademark in the amount of $500,000 | ||||||
Loss Contingency, Settlement Agreement, Terms | Pursuant to the settlement, defendants agreed to pay us $150,000, payable in 13 installments. The first installment of $50,000 was paid upon finalization of the settlement, with 12 subsequent monthly payments of $8,333.33 commencing on May 1, 2015 | ||||||
Monthly Royalty Fee | $ 5,000 | ||||||
Robert Gan [Member] | |||||||
Other Commitments [Line Items] | |||||||
Lease Amount Per Month | $ 2,500 | ||||||
Metropolitan Lumber [Member] | |||||||
Other Commitments [Line Items] | |||||||
Contributed Services Rent Per Month | 7,500 | ||||||
Discretionary Cash Bonus | $ 90,000 | $ 90,000 |