Intangible Assets

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Note 4. Intangible Assets

Trademark

The Company has been in the business of licensing the “Scores” trademarks and other intellectual property to gentlemen’s nightclubs with adult entertainment in the United States. In connection with the acquisition of Scores Licensing Company (“SLC”) during 2002, the Company acquired the trademark to the name "SCORES". Through 2008 the trademark had accumulated a gross recorded value of $878,318 which was derived from the initial purchase of HEIR Holding Co., Inc. (subsequently renamed SLC) for $250,000, $175,000 as a result of a settlement agreement entered into in September 2006 between the Company and now former affiliated parties and Scores Entertainment Inc. ("SEI") and Irving Bilzinsky and $453,318 as a result of our purchase of the royalty rights and licensing rights under the Master License Agreement from a former affiliate Entertainment Management Services, Inc. in December 2008. This trademark has been registered in the United States, Canada, Japan, Mexico and the European Community. The Company's trademark having an infinite useful life by its definition is being amortized over ten years due to the difficult New York legal environment for which the related showcase adult club is operating. As of September 30, 2015 and December 31, 2014 the cost of the trademark has been fully amortized and or partially impaired in the prior years.