Scores Holding Company, Inc. — Cyborg Score 3/10

Challenged
Adult entertainment nightclub licensing

Strategic Profile

The company generates revenue by licensing rights for nightclub operators to use the Scores name and through the sale of licensed merchandise. Scores licenses its trademarks to clubs operating in Chicago, Illinois; Tampa, Florida; Mooresville, North Carolina; Palm Springs, Florida; and Las Vegas, Nevada. The company's model relies on brand licensing rather than direct club operations, positioning it as an intellectual property and franchisor-style business.

Cyborg Score Rationale

As of December 31, 2025, Scores Holding has a market cap of $16.5K with 165M shares outstanding and a trailing 12-month revenue of $350K as of December 31, 2023. The company operates as a micro-cap OTC-traded entity with minimal revenue generation and liquidity constraints typical of shell-like holding companies relying on licensed intellectual property.

Top Insights

  • Revenue generation is primarily royalty-based, making earnings highly dependent on downstream licensee performance and nightclub industry health
  • Extreme micro-cap status ($16.5K market cap) with 165M shares suggests massive dilution and shareholder value destruction over company history
  • Brand still carries cultural cachet from 1990s fame but faces headwinds from changing nightlife demographics and regulatory pressures on adult entertainment venues
  • Asset-light licensing model eliminates operational overhead but also limits control over venue quality, customer experience, and brand evolution

Named Competitors

  • Spearmint Rhino — International adult entertainment chain
  • Gold Club — Regional gentlemen's club operator
  • Sapphire — Upscale adult entertainment venues

Recent Developments

  • As of December 31, 2025, market capitalization stands at $16.5K with 165M shares outstanding
  • Company maintains active trademark licensing in five major U.S. markets including Chicago, Tampa, Las Vegas, and Palm Springs

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