NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Film Costs (Policies) |
3 Months Ended |
|---|---|
Sep. 30, 2024 | |
| Policies | |
| Film Costs | Film Costs In accordance with ASC 926, Entertainment-Films, the Company reports production costs incurred as a separate asset on its condensed consolidated balance sheets ("Film costs"). Production costs include all direct negative costs incurred in the physical production of a film, such as compensation of cast and rental facilities on location, as well as allocations of production overhead and capitalized interest (if any). Further, costs incurred related to significant changes to a film are added to production costs and subsequently charged to expense when the Company recognizes the related revenue. |