This excerpt taken from the RICK 8-K filed Feb 11, 2008.
Notes to Combined Financial Statements
September 30, 2007 and December 31, 2006
Miami Gardens Square One, Inc. and Stellar Management Corporation were incorporated in the state of Florida in 2003. The Companies have common ownership and currently own and operate a nightclub that offers live adult entertainment. The nightclub and corporate office are located in Miami Gardens, Florida. The companies are collectively referred to herein as “the Company”.
A summary of the Company’s significant accounting policies consistently applied in the preparation of the accompanying financial statements follows:
Principles of Combination