Document And Entity Information
Document And Entity Information - USD ($) | 12 Months Ended | ||
Dec. 31, 2017 | Jun. 04, 2018 | Sep. 29, 2017 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Amendment Flag | false | ||
Document Period End Date | Dec. 31, 2017 | ||
Document Fiscal Year Focus | 2,017 | ||
Document Fiscal Period Focus | FY | ||
Entity Registrant Name | SCORES HOLDING CO INC | ||
Entity Central Index Key | 831,489 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Filer Category | Smaller Reporting Company | ||
Entity Public Float | $ 389,058.06 | ||
Trading Symbol | SCRH | ||
Entity Common Stock, Shares Outstanding | 165,186,144 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
CURRENT ASSETS: | ||
Cash | $ 33,457 | $ 228,842 |
Trade receivables - including affiliates, net of allowance of $345,153 and $506,807, respectively | 73,943 | 46,329 |
Prepaid expenses | 12,547 | 11,879 |
Total Current Assets | 119,947 | 287,050 |
TOTAL ASSETS | 119,947 | 287,050 |
CURRENT LIABILITIES: | ||
Accounts payable and accrued expenses | 75,450 | 26,576 |
Accrued expenses, related | 15,842 | 9,074 |
Security deposit payable | 20,000 | 30,000 |
Related party payable | 30,000 | 0 |
Deferred revenue | 14,000 | 11,833 |
Total Current Liabilities | 155,292 | 77,483 |
Deferred revenue - long term | 35,750 | 51,417 |
TOTAL LIABILITIES | 191,042 | 128,900 |
Commitments and Contingencies (Note 8) | 0 | 0 |
STOCKHOLDERS' (DEFICIT)/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 165,186,144 outstanding, respectively | 165,186 | 165,186 |
Additional paid-in capital | 6,058,117 | 6,058,117 |
Accumulated deficit | (6,294,398) | (6,065,153) |
Total Stockholders' (Deficit)/Equity | (71,095) | 158,150 |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIT)/EQUITY | $ 119,947 | $ 287,050 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Allowance for Doubtful Accounts Receivable, Current | $ 345,153 | $ 506,807 |
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 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
REVENUES | ||
Royalty Revenue | $ 709,448 | $ 1,055,594 |
Initiation Fee | 13,500 | 35,250 |
Total Revenue | 722,948 | 1,090,844 |
EXPENSES | ||
General and Administrative Expenses | 1,175,917 | 1,330,794 |
LOSS FROM OPERATIONS | (452,969) | (239,950) |
OTHER INCOME/(EXPENSE) | ||
Interest Income/(Expense), net | 2,070 | (1,041) |
Other Income | 221,654 | 0 |
TOTAL OTHER INCOME/(EXPENSE) | 223,724 | (1,041) |
NET LOSS BEFORE INCOME TAXES | (229,245) | (240,991) |
INCOME TAXES | 0 | 0 |
NET LOSS | $ (229,245) | $ (240,991) |
NET LOSS PER SHARE-Basic and Diluted | $ (0.001) | $ (0.001) |
WEIGHTED AVERAGE OF COMMON SHARES OUTSTANDING-Basic and Diluted | 165,186,144 | 165,186,144 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net Loss | $ (229,245) | $ (240,991) |
Adjustments to reconcile net loss to net cash used in operating activities: | ||
Reserve for bad debts | 0 | 240,000 |
Recovery of bad debts | (221,654) | 0 |
Changes in assets and liabilities: | ||
Licensee receivable | 194,040 | (6,210) |
Prepaid expenses | (668) | (442) |
Security deposit payable | (10,000) | (5,000) |
Accounts payable and accrued expenses | 48,874 | (228,933) |
Accrued expenses, related party | 6,768 | 9,074 |
Accrued income tax payable | 30,000 | (49,400) |
Deferred revenue | (13,500) | (5,250) |
NET CASH USED IN OPERATING ACTIVITIES | (195,385) | (287,152) |
CASH FLOW FROM INVESTING ACTIVITES: | ||
Advances to related party | 0 | (275,000) |
Repayment of advances to related party | 0 | 275,000 |
NET CASH USED IN INVESTING ACTIVITIES | 0 | 0 |
NET DECREASE IN CASH | (195,385) | (287,152) |
Cash and cash equivalents - beginning of year | 228,842 | 515,994 |
Cash and cash equivalents - end of year | 33,457 | 228,842 |
Supplemental disclosures of cash flow information: | ||
Cash paid during the year for interest | 776 | 348 |
Cash paid for income taxes | $ 7,176 | $ 58,739 |
CONSOLIDATED STATEMENT OF STOCK
CONSOLIDATED STATEMENT OF STOCKHOLDER'S EQUITY/(DEFICIT) - USD ($) | Total | Common Stock [Member] | Additional Paid in Capital [Member] | Accumulated Deficit [Member] |
Balance at Dec. 31, 2015 | $ 399,141 | $ 165,186 | $ 6,058,117 | $ (5,824,162) |
Balance (in shares) at Dec. 31, 2015 | 165,186,144 | |||
Related party loan | (275,000) | (275,000) | ||
Repayment related party loan | 275,000 | 275,000 | ||
Net Loss | (240,991) | 0 | 0 | (240,991) |
Balance at Dec. 31, 2016 | 158,150 | $ 165,186 | 6,058,117 | (6,065,153) |
Balance (in shares) at Dec. 31, 2016 | 165,186,144 | |||
Net Loss | (229,245) | (229,245) | ||
Balance at Dec. 31, 2017 | $ (71,095) | $ 165,186 | $ 6,058,117 | $ (6,294,398) |
Balance (in shares) at Dec. 31, 2017 | 165,186,144 |
Organization
Organization | 12 Months Ended |
Dec. 31, 2017 | |
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 utilizes 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. (“SLC”). |
Summary of Significant Accounti
Summary of Significant Accounting Principles | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Summary Of Significant Accounting Principles [Text Block] | Note 2. Summary of Significant Accounting Principles As of December 31, 2017 the Company has cumulative losses totaling $ (6,294,398) (35,345) (229,245) These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. 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. Reclassifications The Company has made certain reclassifications to prior period amounts to conform with the current year’s presentation. 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 carrying value of cash 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. Accounts deemed uncollectible are applied against the allowance for doubtful accounts. Allowance for doubtful accounts as of December 31, 2017 and 2016 were $ 345,153 506,807 The Company accounts for the plans under the recognition and measurement provisions of Accounting Standards Codification (ASC) Topic 718 Compensation Stock Compensation There were no stock options or warrants issued during the years ended December 31, 2017 and 2016, 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. 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. 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, 2017 and 2016, respectively, is the same for purposes of computing both basic and diluted net income per share for such years. As of December 31, 2017, there are no outstanding stock equivalents. The Company earns predominately royalty revenues and to a lesser extent initiation fees from 22 licensees. With regards to 2017, concentrations of sales from 3 licensees range from 9 18 44 17 22 82 18 22 25 With regards to 2016, concentrations of sales from 4 licensees range from 10 14 49 20 26 92 22 24 26 In January 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) “ASU 2016 01 Recognition and Measurement of Financial Assets and Financial Liabilities” intended to improve the recognition and measurement of financial instruments. The ASU affects public and private companies, not-for-profit organizations, and employee benefit plans that hold financial assets or owe financial liabilities. The new guidance makes targeted improvements to existing GAAP by requiring equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. Eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities. Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The ASU on recognition and measurement will take effect for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU permits early adoption of the own credit provision (referenced above). Additionally, it permits early adoption of the provision that exempts private companies and not-for-profit organizations from having to disclose fair value information about financial instruments measured at amortized cost. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition. In April 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) “ASU 2016 10 Revenue from Contract with Customers (Topic 606): identifying Performance Obligations and Licensing.” The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. Topic 606 includes implementation guidance on (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The amendments in this update are intended render more detailed implementation guidance with the expectation to reduce the degree of judgment necessary to comply with Topic 606. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements in Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update2014-09 by one year. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition. 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 | 12 Months Ended |
Dec. 31, 2017 | |
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 80 104,986 122,109 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 76,726 144,698 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 7,500 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 paid Metropolitan Lumber Hardware and Building Supplies, Inc. a fee in the amount of $ 30,000 90,000 22,500 0 The Company has accrued expenses of $15,842 due to Metropolitan Lumber Hardware and Building Supplies, Inc. The Company owes $ 15,842 9,074 During the 2 nd 0 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 93,442 130,000 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. Effective February 28, 2017 (the “Effective Date”), we entered into separate Settlement Agreements (each, a “Settlement Agreement”) with three licensees, I.M. Operating LLC (“IMO”), Star Light Events LLC (“Star Light”) and Swan Media Group, Inc. (“Swan”), controlled by Robert M. Gans, our President, Chief Executive Officer and a member of our Board of Directors. As of the Effective Date, IMO owed us an aggregate of $ 255,406 22 consecutive monthly installments 4 As of the Effective Date, Starlight owed us an aggregate of $ 250,000 75,000 10 consecutive monthly installments 4 As of the Effective Date, Swan owed us an aggregate of $ 166,000 50,000 4 Mr. Gans personally guaranteed the obligations of each of IMO, Starlight and Swan under their respective promissory notes. To date the Company has not sought to enforce Mr. Gans’ obligations under these personal guarantees. In 2017, the Company paid a $ 280,000 The total amounts due to the various related parties as of December 31, 2017 and December 31, 2016 was $ 15,842 9,074 275,154 396,807 275,154 |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2017 | |
Income Tax Disclosure [Abstract] | |
Income Tax Disclosure [Text Block] | Note 4. 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. On December 22, 2017, the Tax Cuts and Jobs Act (the TCJA), which significantly modified U.S. corporate income tax law, was signed into law by President Trump. The TCJA contains significant changes to corporate income taxation, including but not limited to the reduction of the corporate income tax rate from a top marginal rate of 35 21 30 80 The Company has not recorded the necessary provisional adjustments in the financial statements in accordance with its current understanding of the TCJA and guidance currently available as of this filing, but is reviewing the TCJA’s potential ramifications. The Company has net operating loss carryforwards of approximately $ 5,391,000 330,000 1,780,000 435,000 21,759 2017 2016 Deferred tax assets: Net operating loss carryforward $ 283,000 $ 400,000 Allowance for doubtful accounts 152000 223,000 Less valuation allowance (435,000) (623,000) Net deferred tax asset $ - $ - 21 34 2017 2016 Tax (benefit) at statutory rate $ (48,000) $ (82,000) State and local taxes (24,000) (25,000) Permanent differences - - Change in valuation allowance 72,000 107,000 Tax due $ 0 $ 0 Federal and State/Local tax years remain open by statute, generally three years. There are no open Federal or State/Local audits at December 31, 2017. |
Licensees
Licensees | 12 Months Ended |
Dec. 31, 2017 | |
Licenses [Abstract] | |
Licenses Disclosure [Text Block] | Note 5. Licensees The Company has 26 license agreements which were obtained between 2003 and 2017; Stone Park Entertainment Group, Inc. known as “Scores Chicago”, Club 2000 Eastern Avenue Inc. known as “Scores Baltimore”, Silver Bourbon, Inc. known as “Scores New Orleans”, I.M Operating LLC known as “Scores New York”, Tampa Food and Entertainment Inc. known as “Scores Tampa”, Swan Media Group, Inc. (formerly AYA International, Inc.) known as “Scores Live”, South East Clubs, LLC (which includes “Scores Savannah” and “Scores Jacksonville”), Starlight Events LLC known as “Scores Atlantic City”, Scores Licensing Corp known as “SLC”, Houston KP LLC known as “Scores Houston”, Parallax Management Corporation known as “Scores Gary”, Manhattan Fashions, LLC known as “Scores Harvey”, TWDDD, Inc. known as “Scores Mooresville”, High Five Management Inc. known as “Scores Greenville”, CG Consulting LLC known as “Scores Columbus”, The Cadillac Lounge LLC known as “Scores Providence”, Funn House Productions LLC known as “Scores New Haven”, Palm Springs Grill LLC known as “Scores Palm Springs”, CJ NYC Inc, known as “Scores Queens”, Cary Golf & Travel Inc. known as “Scores Raleigh”, 5111 Genesee St Inc. known as “Scores Tiffany Buffalo”, Mustang Sally’s Spirits and Grill, Inc. known as “Scores Tonawanda Buffalo”, Bonkers Space Coast, Inc. known as “Scores Green Bay”, NEW 4125 LLC known as “Scores Phoenix”, Southern Highland Centerfolds, Inc. known as “Scores Las Vegas” and 1715 Northside Drive Inc. known as “Scores Atlanta”. 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 1 0 80 0 0 92.165 0 0 |
Deferred Revenue
Deferred Revenue | 12 Months Ended |
Dec. 31, 2017 | |
Deferred Revenue [Abstract] | |
Deferred Revenue Amortization Life [Text Block] | Note 6. Deferred Revenue License agreements sometimes include Initiation/Inception Fees. These fees are recorded as deferred revenue and amortized over the life of the agreements, usually five years. |
Accounts Payable and Accrued Ex
Accounts Payable and Accrued Expenses | 12 Months Ended |
Dec. 31, 2017 | |
Payables and Accruals [Abstract] | |
Accounts Payable and Accrued Liabilities Disclosure [Text Block] | Note 7. Accounts Payable and Accrued Expenses Accounts payable and accrued expenses as of December 31, 2017 is comprised of professional fees of $40,300, accrued payroll and taxes of $2,255, legal fees of $8,911, insurance of $9,414, filing fees of $2,248, marketing fees and expenses of $7,247 and miscellaneous accruals and payables of $5,075. Accounts payable and accrued expenses as of December 31, 2016 is comprised of professional fees of $12,800, accrued payroll and taxes of $3,487, legal fees of $2,000, filing fees of $2,248, marketing fees and expenses of $1,041 and miscellaneous accruals and payables of $5,000. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2017 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies Disclosure [Text Block] | Note 8. Commitments and Contingencies The Company records $ 7,500 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 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 an adult entertainment club in Detroit, Michigan. In this action we sought damages for breach of contract in the amount of $ 110,000 117,646.92 The Company was unable to collect on the judgement as the defendant, Norm. A. Properties, had no assets that could be found. The Company therefore filed another action with in the US District Court in the Southern District of New York seeking to recover the unpaid royalties from Scores Detroit, Inc., the company which is believed to have operated Scores Detroit and Majed Mike Dabish, its principal. On June 29, 2016 the court transferred the case to the US District Court for the Eastern District of Michigan for further proceedings. The parties subsequently settled this matter for $ 60,000 On April 3, 2016, fifty (50) individuals purporting to be professional models and/or actresses, filed a civil suit in the United States District Court for the Southern District of New York against the Company, I.M. Operating, LLC, The Executive Club, LLC, and Robert M. Gans (collectively, “Defendants”), alleging images of the plaintiffs were used without their consent for commercial purposes on websites and social media outlets to promote gentlemen’s clubs operated by the Defendants or licensees of the Defendants. The lawsuit further alleges that the unauthorized use of these images created, among other things, the false impression that these individuals either worked at, or endorsed, one or more of such clubs. The lawsuit asserts causes of action under Section 43 of the Lanham Act, 28 U.S.C. § 1125(a)(1), premised on a theory of false endorsement and/or association; New York Civil Rights Law §§ 50-51; New York’s Deceptive Trade Practices Act, New York General Business Law § 349; defamation; as well as various common law torts, namely negligence, conversion, unjust enrichment and quantum merit. The lawsuit seeks unspecified compensatory damages, punitive damages, as well as attorneys’ fees and costs. The lawsuit also seeks an injunction permanently enjoining the use of the individuals’ images to promote, via any medium, any of the clubs. On January 5, 2017, the Court issued an Order granting in part, and denying in part, the Defendants’ motion to dismiss the Complaint. Following the issuance of the Order, an amended complaint was filed and the Defendants have interposed an answer with affirmative defenses. The case is currently in the discovery phase. The Company, along with all of the Defendants, intends to vigorously defend themselves against the claims asserted against them in this lawsuit. On April 3, 2016, fifty (50) individuals purporting to be professional models and/or actresses, filed a civil suit in the United States District Court for the Southern District of New York against the Company, I.M. Operating, LLC, The Executive Club, LLC, and Robert M. Gans (collectively, “Defendants”), alleging images of the plaintiffs were used without their consent for commercial purposes on websites and social media outlets to promote gentlemen’s clubs operated by the Defendants or licensees of the Defendants. The lawsuit further alleges that the unauthorized use of these images created, among other things, the false impression that these individuals either worked at, or endorsed, one or more of such clubs. The lawsuit asserts causes of action under Section 43 of the Lanham Act, 28 U.S.C. § 1125(a)(1), premised on a theory of false endorsement and/or association; New York Civil Rights Law §§ 50-51; New York’s Deceptive Trade Practices Act, New York General Business Law § 349; defamation; as well as various common law torts, namely negligence, conversion, unjust enrichment and quantum meruit. The lawsuit seeks unspecified compensatory damages, punitive damages, as well as attorneys’ fees and costs. The lawsuit also seeks an injunction permanently enjoining the use of the individuals’ images to promote, via any medium, any of the clubs. On January 5, 2017, the Court issued an Order granting in part, and denying in part, the Defendants’ motion to dismiss the complaint. Following the issuance of this Order, the plaintiffs filed an amended complaint and the Defendants filed an answer responding to same. The case is presently in the discovery phase. The Company, along with all of the Defendants, intends to vigorously defend themselves against the claims asserted against them in this lawsuit; however, while discovery is ongoing, the parties are engaged in settlement discussions in an attempt to resolve the claims asserted in the lawsuit. On April 20, 2017, as a result of the claims asserted in the above action, the Company filed a third-party complaint against certain current and former licensees, namely CG Consulting, LLC; Anthony Quaranta; High Five Management Group, Inc.; Club 2000 Eastern Avenue, Inc.; SCMD, LLC; David Baucom; Manhattan Fashion L.L.C.; Stone Park Entertainment, Inc.; Silver Bourbon, Inc.; Tampa Food & Entertainment, Inc.; Funn House Productions, L.L.C.; Norm A Properties, LLC; Southeast Show Clubs, LLC; Michael Tomkovich; Palm Spring Grill LLC; Houston KP LLC; and Star Light Events LLC (collectively, “Third-Party Defendants”) asserting causes of action for breach of contract, breach of warranty, contractual indemnification, common law indemnification, contribution and breach of contract for failure to procure insurance. The Company alleges, among other things, that the Third-Party Defendants breached their respective license agreements by using promotional, marketing and advertising materials, including the images of the individuals implicated in the above-action without obtaining the Company’s approval and utilizing, publishing and/or disseminating the images of such individuals on their respective websites and/or social media accounts without all appropriate permissions, authorizations, releases or licenses in violation of the rights of such individuals. Additionally, the Company has alleged that pursuant to the Third-Party Defendants’ respective license agreements, each of the Third-Party Defendants are expressly obligated to indemnify, defend and hold harmless the Company, among others, for the claims asserted by the individuals in the above-action, including any resulting judgment, verdict or settlement obtained by such individuals based on the claims asserted in the amended complaint, as well as all amounts the Company has expended, and will continue to expend, in investigating and defending the claims asserted in the Amended Complaint. The Company is also seeking damages from the Third-Party Defendants for allegedly failing to procure insurance for the Company’s benefit, as required by the Third-Party Defendants’ respective license agreements. On January 3, 2017, we, together with our subsidiary SLC, filed an action against CJ NYC Inc in the United States District Court for the Southern District of New York. Defendant utilizes the “Scores” name and trademark in connection with its ownership and operation of an adult entertainment club in Woodside, New York. In this action we sought damages for breach of contract in the amount of $ 85,000 85,000 14,333.33 529.99 On January 31, 2017 we, together with our subsidiary SLC, filed an action against Funn House Productions LLC in the United States District Court for the Southern District of New York. Defendant utilizes the “Scores” name and trademark in connection with its ownership and operation of an adult entertainment club in New Haven, Connecticut. In this action we sought damages for breach of contract in the amount of $ 45,000 60,000 . On or about July 25, 2017, plaintiff Dislenia Munoz (“Plaintiff”), who formerly performed as an adult entertainer at Scores New York, owned in its entirety by I.M. Operating LLC (“I.M. Operating”), commenced a putative class action lawsuit (the “Lawsuit”) against the Company, I.M. Operating, Robert Gans and Mark Yackow (collectively, “Defendants”) in the Supreme Court of the State of New York, County of New York. Plaintiff alleges that she and other similarly situated entertainers at Scores New York were misclassified as independent contractors, that they should have been classified as employees, and as a result, the defendants violated, among other things, applicable state wage and hour laws. The Lawsuit seeks unspecified compensatory damages, liquidated damages, as well as attorneys’ fees and costs. The Company, along with all of the Defendants, intend to vigorously defend themselves against the claims asserted against them in the Lawsuit. At this time, the parties have reached a settlement in principle to resolve the claims in the Lawsuit which is being memorialized in a written agreement to be submitted to the court for approval. 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, 2017 | |
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 Accoun16
Summary of Significant Accounting Principles (Policies) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Going Concern [Policy Text Block] | Going Concern As of December 31, 2017 the Company has cumulative losses totaling $ (6,294,398) (35,345) (229,245) These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. |
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. |
Reclassification, Policy [Policy Text Block] | Reclassifications The Company has made certain reclassifications to prior period amounts to conform with the current year’s presentation. |
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 |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments The carrying value of cash 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 as of December 31, 2017 and 2016 were $ 345,153 506,807 |
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 There were no stock options or warrants issued during the years ended December 31, 2017 and 2016, 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. |
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, 2017 and 2016, respectively, is the same for purposes of computing both basic and diluted net income per share for such years. As of December 31, 2017, there are no outstanding stock equivalents. |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk The Company earns predominately royalty revenues and to a lesser extent initiation fees from 22 licensees. With regards to 2017, concentrations of sales from 3 licensees range from 9 18 44 17 22 82 18 22 25 With regards to 2016, concentrations of sales from 4 licensees range from 10 14 49 20 26 92 22 24 26 |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements In January 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) “ASU 2016 01 Recognition and Measurement of Financial Assets and Financial Liabilities” intended to improve the recognition and measurement of financial instruments. The ASU affects public and private companies, not-for-profit organizations, and employee benefit plans that hold financial assets or owe financial liabilities. The new guidance makes targeted improvements to existing GAAP by requiring equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (that is, securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements. Eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities. Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet, and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The ASU on recognition and measurement will take effect for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The ASU permits early adoption of the own credit provision (referenced above). Additionally, it permits early adoption of the provision that exempts private companies and not-for-profit organizations from having to disclose fair value information about financial instruments measured at amortized cost. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition. In April 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) “ASU 2016 10 Revenue from Contract with Customers (Topic 606): identifying Performance Obligations and Licensing.” The amendments in this Update do not change the core principle of the guidance in Topic 606. Rather, the amendments in this Update clarify the following two aspects of Topic 606: identifying performance obligations and the licensing implementation guidance, while retaining the related principles for those areas. Topic 606 includes implementation guidance on (a) contracts with customers to transfer goods and services in exchange for consideration and (b) determining whether an entity’s promise to grant a license provides a customer with either a right to use the entity’s intellectual property (which is satisfied at a point in time) or a right to access the entity’s intellectual property (which is satisfied over time). The amendments in this update are intended render more detailed implementation guidance with the expectation to reduce the degree of judgment necessary to comply with Topic 606. The amendments in this Update affect the guidance in Accounting Standards Update 2014-09, Revenue from Contracts with Customers (Topic 606), which is not yet effective. The effective date and transition requirements for the amendments in this Update are the same as the effective date and transition requirements in Topic 606 (and any other Topic amended by Update 2014-09). Accounting Standards Update 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, defers the effective date of Update2014-09 by one year. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition. 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. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2017 | |
Accounting Policies [Abstract] | |
Schedule of Deferred Tax Assets and Liabilities [Table Text Block] | 2017 2016 Deferred tax assets: Net operating loss carryforward $ 283,000 $ 400,000 Allowance for doubtful accounts 152000 223,000 Less valuation allowance (435,000) (623,000) 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 21 34 2017 2016 Tax (benefit) at statutory rate $ (48,000) $ (82,000) State and local taxes (24,000) (25,000) Permanent differences - - Change in valuation allowance 72,000 107,000 Tax due $ 0 $ 0 |
Summary of Significant Accoun18
Summary of Significant Accounting Principles (Details Textual) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Accounting policies [Line Items] | ||
Retained Earnings (Accumulated Deficit) | $ (6,294,398) | $ (6,065,153) |
Working Capital Surplus Deficit | (35,345) | |
Net Loss | (229,245) | (240,991) |
Cash, FDIC Insured Amount | 250,000 | |
Allowance for Doubtful Accounts Receivable | $ 345,153 | $ 506,807 |
Merchandise Sales 3 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 44.00% | |
Merchandise Sales 3 Licenses [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 9.00% | |
Merchandise Sales 3 Licenses [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 18.00% | |
Merchandise Receivables - 3 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 18.00% | 22.00% |
Merchandise Receivables - 3 Licenses [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 22.00% | 24.00% |
Merchandise Receivables - 3 Licenses [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 25.00% | 26.00% |
Merchandise Sales - 4 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 49.00% | |
Merchandise Sales - 4 Licenses [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 10.00% | |
Merchandise Sales - 4 Licenses [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 14.00% | |
Merchandise Receivables - 4 Licenses [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 82.00% | 92.00% |
Merchandise Receivables - 4 Licenses [Member] | Minimum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 17.00% | 20.00% |
Merchandise Receivables - 4 Licenses [Member] | Maximum [Member] | ||
Accounting policies [Line Items] | ||
Concentration Risk, Percentage | 22.00% | 26.00% |
Related-Party Transactions (Det
Related-Party Transactions (Details Textual) - USD ($) | May 05, 2015 | Dec. 09, 2013 | Feb. 28, 2017 | Jan. 01, 2013 | Jan. 24, 2006 | Dec. 31, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Apr. 30, 2014 | Dec. 21, 2009 | Jan. 27, 2009 |
Related Party Transaction [Line Items] | |||||||||||
Due to Related Parties, Current | $ 15,842 | $ 9,074 | |||||||||
Royalty Payment Rate On Gross Revenue | 4.99% | ||||||||||
Royalties And Expenses Payable, Related Party | 104,986 | 122,109 | |||||||||
Due from Related Parties, Current | 275,154 | 396,807 | |||||||||
License Agreement Selling Price Description | Starlight will purchase the licensed products from us or our affiliates at our cost plus 25% | ||||||||||
Due to Related Parties | 15,842 | 9,074 | |||||||||
Westside Realty of New York Inc [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Related Party Rent Per Month | 2,500 | ||||||||||
Rent Payable, Related Party | $ 7,500 | 0 | |||||||||
Scores New York [Member] | Director [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Equity Method Investment, Ownership Percentage | 2.00% | 2.00% | |||||||||
Star Light Evens LLC [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Related Party Royalties Payable Per Month | $ 10,000 | ||||||||||
Due from Related Parties | $ 250,000 | ||||||||||
Debt Instrument, Interest Rate During Period | 4.00% | ||||||||||
Debt Instrument, Frequency of Periodic Payment | 10 consecutive monthly installments | ||||||||||
Related Party Transaction, Amounts of Transaction | $ 75,000 | ||||||||||
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 | $ 93,442 | 130,000 | |||||||||
Swan Media Group, Inc [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Due from Related Parties | $ 166,000 | ||||||||||
Debt Instrument, Interest Rate During Period | 4.00% | ||||||||||
Debt Instrument, Frequency of Periodic Payment | 10 consecutive monthly installments | ||||||||||
Related Party Transaction, Amounts of Transaction | $ 50,000 | ||||||||||
I.M. Operating LLC [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Due from Related Parties | $ 255,406 | ||||||||||
Debt Instrument, Interest Rate During Period | 4.00% | ||||||||||
Debt Instrument, Frequency of Periodic Payment | 22 consecutive monthly installments | ||||||||||
I.M. Operating LLC [Member] | Royalty Receivable [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Due to Affiliate | 76,726 | 144,698 | |||||||||
Robert M. Gans [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Payments to Employees | $ 280,000 | ||||||||||
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% | 80.00% | |||||||||
Metropolitan Lumber [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Due to Related Parties, Current | $ 0 | ||||||||||
Management Services, Fee Amount Per Year | $ 90,000 | $ 30,000 | |||||||||
Management Services, Fee Payable | $ 22,500 | 0 | |||||||||
Starlin Llc [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Due to Related Parties, Current | $ 0 | ||||||||||
Metropolitan Lumber Hardware and Building Supplies, Inc. [Member] | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Due to Other Related Parties, Current | $ 15,842 | $ 9,074 |
Income Taxes (Details)
Income Taxes (Details) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Deferred tax assets: | ||
Net operating loss carryforward | $ 283,000 | $ 400,000 |
Allowance for doubtful accounts | 152,000 | 223,000 |
Less valuation allowance | (435,000) | (623,000) |
Net deferred tax asset | $ 0 | $ 0 |
Income Taxes (Details 1)
Income Taxes (Details 1) - USD ($) | 12 Months Ended | |
Dec. 31, 2017 | Dec. 31, 2016 | |
Tax (benefit) at statutory rate | $ (48,000) | $ (82,000) |
State and local taxes | (24,000) | (25,000) |
Permanent differences | 0 | 0 |
Change in valuation allowance | 72,000 | 107,000 |
Tax due | $ 0 | $ 0 |
Income Taxes (Details Textual)
Income Taxes (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | |
Deferred Tax Assets, Operating Loss Carryforward, Offset Against Valuation Allowance | $ 330,000 | ||
Deferred Tax Assets, Operating Loss Carryforwards, Total | 283,000 | $ 400,000 | |
Operating Loss Carryforwards | 5,391,000 | ||
Maximum Amount Of Deferred Tax Asset To Be utilized | $ 21,759 | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | 34.00% | |
Deferred Tax Assets, Valuation Allowance | $ 435,000 | $ 623,000 | |
Effective Income Tax Rate Reconciliation, Deduction, Percent | 30.00% | ||
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Percent | 80.00% | ||
Scenario, Plan [Member] | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% | ||
Maximum [Member] | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | ||
Change In Ownership [Member] | |||
Deferred Tax Assets, Operating Loss Carryforwards, Total | $ 1,780,000 |
Licensees (Details Textual)
Licensees (Details Textual) | 12 Months Ended | |||
Dec. 31, 2017 | Dec. 31, 2016 | Dec. 21, 2009 | Jan. 27, 2009 | |
I.M. Operating LLC [Member] | ||||
Licenses [Line Items] | ||||
Percentage Of Royalty Revenue | 1.00% | 0.00% | ||
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 | 0.00% | 0.00% | ||
Swan Media Group, Inc [Member] | Robert M. Gans [Member] | ||||
Licenses [Line Items] | ||||
Equity Method Investment, Ownership Percentage | 80.00% | 80.00% | ||
Scores Atlantic City [Member] | ||||
Licenses [Line Items] | ||||
Percentage Of Royalty Revenue | 0.00% | 0.00% | ||
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% | 2.00% | ||
Scores New York [Member] | Robert M. Gans [Member] | ||||
Licenses [Line Items] | ||||
Equity Method Investment, Ownership Percentage | 72.00% | 72.00% |
Deferred Revenue (Details Textu
Deferred Revenue (Details Textual) | 12 Months Ended |
Dec. 31, 2017 | |
Deferred Revenue Arrangement [Line Items] | |
Deferred Revenue Amortization Period | 5 years |
Accounts Payable and Accrued 25
Accounts Payable and Accrued Expenses (Details Textual) - USD ($) | Dec. 31, 2017 | Dec. 31, 2016 |
Payables and Accruals [Line Items] | ||
Accrued Legal Fees Current | $ 8,911 | $ 2,000 |
Accrued Professional Fees, Current | 40,300 | 12,800 |
Other Accrued Liabilities, Current | 5,075 | 5,000 |
Accrued Filing Fees Current | 2,248 | 2,248 |
Accrued Marketing Costs, Current | 7,247 | 1,041 |
Accrued Payroll Taxes, Current | 2,255 | $ 3,487 |
Accrued Insurance, Current | $ 9,414 |
Commitments and Contingencies (
Commitments and Contingencies (Details Textual) - USD ($) | Jan. 03, 2017 | May 25, 2017 | Feb. 28, 2017 | Jan. 31, 2017 | Aug. 31, 2015 | Feb. 19, 2015 | Dec. 31, 2017 |
Other Commitments [Line Items] | |||||||
Loss Contingency Defendant Awarding Total | $ 117,646.92 | ||||||
Litigation Settlement, Amount Awarded from Other Party | $ 60,000 | ||||||
Norm A Properties LLC [Member] | |||||||
Other Commitments [Line Items] | |||||||
Loss Contingency, Damages Sought, Value | $ 110,000 | ||||||
CJ NYC [Member] | |||||||
Other Commitments [Line Items] | |||||||
Loss Contingency, Damages Sought, Value | $ 85,000 | ||||||
Loss Contingency, Damages Awarded, Value | $ 85,000 | ||||||
CJ NYC [Member] | Other Expense [Member] | |||||||
Other Commitments [Line Items] | |||||||
Loss Contingency, Damages Awarded, Value | 529.99 | ||||||
CJ NYC [Member] | Damages [Member] | |||||||
Other Commitments [Line Items] | |||||||
Loss Contingency, Damages Awarded, Value | $ 14,333.33 | ||||||
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 | ||||||
Funn House Productions LLC [Member] | |||||||
Other Commitments [Line Items] | |||||||
Loss Contingency, Damages Sought, Value | $ 45,000 | ||||||
Loss Contingency Defendant Awarding Total | $ 60,000 |