"Girls Gone Wild" founder Joe Francis was found guilty Monday of misdemeanor counts of assault and false imprisonment stemming from a dispute with three women after a night out at a Hollywood club in 2011.

The company's bankruptcy filing listed $16.3 million in debt and $50,000 in assets. How can a company like this even have any assets? Is it the stacks of VHS tapes sitting in the corner? The Hollywood rights to "Sexiest Shower Scenes?"