Every 10-Q that SCORES HOLDING CO INC (SCRH) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SCRH and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SCRH filings page.
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.