NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Exploitation and Participation Costs (Policies) |
3 Months Ended |
|---|---|
Sep. 30, 2024 | |
| Policies | |
| Exploitation and Participation Costs | Exploitation and Participation Costs The Company accounts for advertising costs in accordance with ASC 720-35, Other Expenses-Advertising Costs. All other direct costs incurred in connection with the distribution of a film are expensed as incurred. In addition, the Company will begin to accrue (expense) participation costs when i) a film is released and ii) it begins to recognize revenue from the film. Participation costs are accrued (expensed) using the individual-film-forecast-computation method. The Company incurred participation costs of $0 and $100,000 for the three months ended September 30, 2024 and 2023, respectively, which is included in general and administrative expense on the condensed consolidated statements of operations. |