SCORES HOLDING CO INC
AI Executive Summary
AI-powered analysis of 10-Q filing content
Scores Holding Co shows significant financial distress with stockholders' deficit of $536,235, declining royalty revenues from $276K to $220.5K year-over-year for nine months, and heavy reliance on related party transactions. The company operates as essentially an asset-light royalty collection entity with minimal operations and concerning liquidity position despite some cash improvement.
Red Flags Detected (7)
Stockholders' deficit of $536,235 indicating technical insolvency
Total liabilities of $651,634 far exceed total assets of $115,399
Declining royalty revenue from $276K to $220.5K (20% decrease year-over-year)
4 more red flags detected
Key Takeaways
Company is technically insolvent with liabilities exceeding assets by $536,235
Core royalty business is declining with 20% revenue drop year-over-year
2 more takeaways
Filing Overview
What This Means
High Risk Filing: This company is showing signs of financial stress or significant operational challenges.
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.