Results of Operations JUNE 30, 2015 UPDATE
Three Months Ended June 30, 2015 (“the 2015 three-month period”) Compared to Three Months Ended June 30, 2014 (“the 2014 three-month period”).
Revenues:
(I See only 12 licensee's producing revenue at this time leaving the door open for an even higher next quarter) and we are up to 35 followers now :) :) :)
Revenues increased to $392,279 for the 2015 three-month period from $166,405 for the 2014 three-month period.
(1) Revenues from the New York Club decreased twelve percent (12%) to $22,003 as compared to $24,987 for the 2015 and 2014 three-month periods, respectively.
(2) Revenues from our Chicago nightclub increased twenty-four percent (24%) to $43,867 for the 2015 three-month period from $35,489 from the 2014 three-month period,
(3) Revenues from our Baltimore club decreased three percent (3%) to $35,645 for the 2015 three-month period from $36,645 for the 2014 three-month period
(4) Revenues from our New Orleans club remained the same at $30,000 for the 2015 and 2014 three-month period.
(5) Revenue from our Tampa club remained the same at $30,000 for the 2015 and 2014 three-month period.
(6) Revenue from our Scoreslive.com licensee decreased seventy-six percent (76%) to $2,264 for the 2015 three-month period from $9,285 for the 2014 three-month period.
(7) Revenues from our Atlantic City nightclub licensee remained the same at $30,000 for the 2015 and 2014 three-month period.
(8) Revenues from our Houston Club increased one hundred percent (100%) to $11,500 as royalties commenced in the fourth quarter of 2014.
(9) Revenues from our Harvey Club increased one hundred percent (100%) to $15,000 as royalties commenced in the fourth quarter of 2014.
(10) Revenues from our Gary, Indiana Club increased one hundred percent (100%) to $2,000, as royalties commenced in the first quarter of 2015.
(11) Revenues from our Savannah Club increased one hundred percent (100%) to $85,000 as the Club has started to pay royalties including past due royalties.
(12) Revenues from our Jacksonville Club increased one hundred percent (100%) to $85,000 as the Club has started to pay royalties including past due royalties.
Since our licenses are mostly structured such that we receive a percentage of revenues from our licensees, the foregoing increase or decreases are a direct result of revenues at the licensee level.
And we are moving up to the round number of 20 producing licensee's.................
