Scores Holdings (SCRH)

[jtomm]

Ah, thanks, there they are. Didn't think to look there, but should have.

Interesting that the licenses don't even mention anything about charging additional fees for nonpayment, penalties, or interest accruing on the amount if they don't pay, etc. Scores has the ability to terminate the license, but that's about it, as far as I could see.

I'm guessing that the part I was remembering as giving the location some time to get established is the part about the first two years it's a flat fee, and then it kicks in to the greater of the fixed fee or 4.99% of net revenues, which presumably could be a lot higher.

Detroit doesn't surprise me as not performing, but Houston loves the "gentleman's clubs" so it definitely surprises me that they are not paying. That one is concerning. Seems like either the location isn't doing well, or there is a dispute.

Interesting that on the license for North West Indiana they forgot to change the written-out amount for a smaller location. Under Royalties and Other Payments, it says "fixed fee of Ten Thousand Dollars ($1,250) per week" lol See below: