PROJECT ADVANCES, PROJECT ADVANCES RELATED PARTIES |
6 Months Ended |
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Jun. 30, 2025 | |
PROJECT ADVANCES, PROJECT ADVANCES RELATED PARTIES | |
PROJECT ADVANCES, PROJECT ADVANCES RELATED PARTIES | NOTE 6. PROJECT ADVANCES, PROJECT ADVANCES RELATED PARTIES
Project advances represent unsecured, interest-free advances made by investors to help the Company fund film projects. If the film is successful, the investor can recoup the money advanced as well as earning a royalty based upon the revenues generated by the film. The terms of this arrangement vary by film and by investor. The Company records royalties payable when it becomes probable that royalties will be payable. As of June 30, 2025 and December 31, 2024 the amount of total project advances were $550,000 and $550,000, respectively, and no royalties had been accrued. As of June 30, 2025 and December 31, 2024 project advances of $150,000 and $150,000 respectively were provided by a related party. |