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Thursday, November 19, 2015 2:27:58 PM
Revenues from the New York Club increased six percent (6%) to $21,665 as compared to $20,384 for the 2015 and 2014 three-month periods, respectively. Revenues from our Chicago nightclub decreased one percent (1%) to $44,475 for the 2015 three-month period from $44,936 from the 2014 three-month period, while revenues from our Baltimore club increased twelve percent (12%) to $40,379 for the 2015 three-month period from $36,073 for the 2014 three-month period and revenues from our New Orleans club remained the same at $30,000 for the 2015 and 2014 three-month period. Revenue from our Tampa club remained the same at $30,000 for the 2015 and 2014 three-month period. Revenue from our Scoreslive.com licensee decreased seventy-two percent (72%) to $2,551 for the 2015 three-month period from $9,000 for the 2014 three-month period. Revenues from our Atlantic City nightclub licensee remained the same at $30,000 for the 2015 and 2014 three-month period. Revenues from our Harvey Club increased one hundred percent (100%) to $15,000 as royalties commenced in the fourth quarter of 2014. Revenues from our Gary, Indiana Club increased one hundred percent (100%) to $8,000, as royalties commenced in the first quarter of 2015. Revenues from our Savannah Club remained the same at $15,000 for the 2015 and 2014 three-month period. Revenues from our Jacksonville Club increased fifty percent (50%) to $15,000 for the 2015 three-month period from $10,000 from the 2014 three-month period. 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.
When the rest start paying, revs and profits should go up a bunch. I don't even see Houston in here and they have been around for a while. There may even be a provision in some of them that they don't have to pay the royalty unless reaching a threshold. I just haven't found any parameters like that anywhere.
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