Scores Holding Company, Inc. reported lower royalty revenue and net income for the nine months ended September 30, 2025, compared with the same period in 2024. Nine-month revenue was $158,400, versus $220,500, and net income was $57,275, versus $83,440. For the third quarter, revenue was $52,800 versus $73,500 and net income was $19,752 versus $28,671. The company provided $148 in net cash from operating activities in the nine-month period, compared with $29,025 a year earlier, and had $87,197 of cash as of September 30, 2025.
As of September 30, 2025, the company reported a $128,135 working capital deficit and a $6,760,938 accumulated deficit. Management said these conditions raise substantial doubt about its ability to continue as a going concern within one year after the financial statements are issued. Management also concluded disclosure controls were ineffective and identified material weaknesses in the financial statement review and close process, and in the preparation, documentation, and review of journal entries and account reconciliations. It plans formal close-process procedures and continued monitoring; additional analyses supported management’s conclusion that the statements fairly present the company’s financial position and results.
Scores Holding Company, Inc. (SCRH), which licenses the Scores brand, reported revenue of $52,800 for the three months ended June 30, 2025, versus $73,500 a year earlier, and net income of $220 versus $22,894. It said one revenue source was not recognized in 2025 because collectability was not probable under ASC 606. For the six months ended June 30, revenue was $105,600 versus $147,000, and net income was $37,523 versus $54,769.
Net cash used in operating activities for the six months was $5,937, compared with $46,290 a year earlier. As of June 30, 2025, cash and cash equivalents were $81,112, the working capital deficit was $143,387, and accumulated deficit was $6,780,690. The company said these conditions raise substantial doubt about its ability to continue as a going concern within one year after the financial statements are issued. Management reported ineffective disclosure controls and material weaknesses in financial statement review, closing, journal-entry, and account-reconciliation processes.
SCORES HOLDING CO INC (SCRH) reported a very small but profitable quarter while continuing to face severe financial risk. For the three months ended March 31, 2025, royalty revenue was $52,800, down from $73,500 a year earlier as one revenue source was not recognized under ASC 606 collectability rules. Aggressive cost control cut general and administrative expenses to $15,495 from $41,625, lifting net income to $37,305 from $31,875.
The balance sheet remains weak: total assets were $128,449 against total liabilities of $663,554, leaving a stockholders’ deficit of $535,105 and a working capital deficit of $139,105. Contract liabilities were $396,000, reflecting licensing fees collected but not yet recognized as revenue. The company disclosed an accumulated deficit of $6,780,908 and stated that these conditions raise substantial doubt about its ability to continue as a going concern. Management also reported material weaknesses in internal control over financial reporting related to the financial close process and journal entry/reconciliation controls, and is planning remediation steps while concluding the financial statements still fairly present results.
Scores Holding Company, Inc. filed its annual report showing a small profit but ongoing financial strain. For 2024, royalty revenue was $279,000, down from $350,000 in 2023, while general and administrative expenses fell to $231,735 from $338,293, lifting net income to $47,265.
Despite this profit, the company reports an accumulated deficit of $6,818,213 and a working capital deficit of $171,910 as of December 31, 2024, and its auditor highlights substantial doubt about its ability to continue as a going concern. Cash rose to $87,049, liabilities totaled $700,709, and stockholders’ deficit was $572,410. The business has no employees and earns revenue by licensing the “Scores” brand to five gentlemen’s clubs, relying on a related-party management services agreement for operations.
Scores Holding Company, Inc. filed its quarterly report for the period ended September 30, 2024, showing a small royalty-based licensing business that remains financially fragile. Revenue was flat at $73,500 for the quarter, but net income improved to $28,671 as general and administrative costs declined.
For the first nine months of 2024, revenue was $220,500 versus $276,500 a year earlier, while net income rose to $83,440. Cash increased to $75,649, yet the company still has a working capital deficit of $131,235 and an accumulated deficit of $6,782,038. Management states that these conditions raise substantial doubt about the company’s ability to continue as a going concern.
The business depends on a small group of licensees, with high revenue concentration, and related-party management arrangements. Contract liabilities of $405,000 reflect deferred licensing income under long-term agreements. Management also discloses material weaknesses in internal control over financial reporting, particularly in the financial close and review process, though it plans remediation steps.
Scores Holding Company, Inc. reported a small profit while highlighting serious financial strain and control issues. For the six months ended June 30, 2024, revenue from licensing royalties was $147,000, down from $203,000 a year earlier, as deferred income recognition fell.
Net income rose to $54,769, mainly because general and administrative costs dropped to $92,233 from $174,300. Despite this, the company had only $334 in cash, an accumulated deficit of $6,810,709 and a working capital deficit of $155,406, leading management to state there is substantial doubt about its ability to continue as a going concern.
The business depends on royalties from a small group of licensees and on management services from a related party. Management also concluded disclosure controls and procedures were not effective due to material weaknesses in the financial close and review process.
Scores Holding Company, Inc. reported steady royalty revenue of $73,500 for the quarter ended March 31, 2024, unchanged from a year earlier. General and administrative costs fell to $41,625, turning last year’s net loss of $(22,900) into net income of $31,875.
Despite the small profit, the company remains financially strained, with an accumulated deficit of $6,833,603, a working capital deficit of $173,800, and stockholders’ deficit of $587,800. Management states these conditions raise substantial doubt about its ability to continue as a going concern.
Cash declined to $29,291 from $46,624 as operating activities used $17,333, mainly to reduce related-party payables from $135,000 to $80,000. Revenue is concentrated among a small group of licensees, while management fees to a related-party provider totaled $22,500. The company also discloses material weaknesses in internal control over financial reporting and is implementing remediation steps.
Scores Holding Company, Inc. filed its Form 10-K reporting a small net income of $11,120 for the year ended December 31, 2023, compared with $262,084 in 2022. Revenue fell to $350,000 from $634,500, mainly because 2022 included a one-time recognition of $450,000 in deferred revenue.
The company licenses its “Scores” adult entertainment trademarks to nightclubs and had five such clubs operating under the brand as of January 7, 2026. Cash was $46,624 at year-end 2023, with a working capital deficit of $201,175 and an accumulated deficit of $6,865,478, leading management and the auditor to highlight substantial doubt about the company’s ability to continue as a going concern.
Scores has no employees and relies on a related-party management services agreement. Its common stock trades on the OTC Pink as a “Pink No Information” security with a stop sign, and the company reports material weaknesses in internal control over financial reporting and ineffective disclosure controls.