One thing that kind of stood out was my brief scan of the acquisition of Stereo Live. It appears NGHT bought it from their CEO for 2 shares of stock. Appears it was a money loser and the sellers gave it away for an agreement that the "buyer" would cover their obligations on the entity.
Looks as if it was a money loser. It's been around there for some time and come and gone as other "clubs". The area it's in use to be hot but not anymore.
You need to read the SEC filings on the above because I just skimmed over this part and not sure how on target my initial thoughts on it are.