| Schedule of Notes Payable |
|
| September 30, 2024
|
| June 30, 2024
|
|
|
|
|
|
Current notes payable; Issued December 2023-January 2024;
15% stated interest rate; Due April 1, 2024 - in default
|
| $4,140,000
|
| $4,140,000
|
Current notes payable; Issued July 2024-September 2024;
10% stated interest rate; Due March 28, 2025
|
| 61,064
|
| -
|
Non-current notes payable; Issued June 2023-May 2024;
15% stated interest rate; Due February 1, 2026
|
| 1,330,000
|
| 1,330,000
|
Non-current notes payable; Issued July 2024-September 2024;
15%-20% stated interest rates; Due upon the earlier of a sale of a film or closing of a senior debt facility.
|
| 755,000
|
| -
|
Non-current notes payable; Issued July 2024-September 2024;
15% stated interest rate; Due upon sale of film
|
| 125,000
|
| -
|
Tax credit assignment loans; Issued January of 2024;
Participation in future tax receivable; No stated interest rate or due date
|
| 750,000
|
| 750,000
|
Related party notes payable to a beneficial owner; Issued October-November of 2023;
15% stated interest rate; Due February 1, 2026 (refer to Note 8)
|
| 2,880,000
|
| 2,880,000
|
Related party notes payable to parent company;
Issued at various dates; no stated interest rate or due date (refer to Note 8)
|
| -
|
| 7,888,316
|
Total notes payable
|
| 10,041,064
|
| 16,988,316
|
Less current maturities
|
| (4,951,064)
|
| (4,890,000)
|
Total notes payable, non-current portion
|
| $5,090,000
|
| $12,098,316
|
|
|
|
|
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