ROYALTY ADVANCES |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||
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| ROYALTY ADVANCES | NOTE 6. ROYALTY ADVANCES The Company made royalty advances totaling $16,266,595 and $22,343,425 during the fiscal years ended March 31, 2026 and 2025, respectively, recoupable from the writer’s or artist’s share of future royalties otherwise payable, in varying amounts. Advances expected to be recouped within the next twelve months are classified as current assets, with the remainder classified as noncurrent assets, net of reserves for amounts that may not be recoverable. The following table reflects the change in royalty advances during the fiscal years ended March 31, 2026 and 2025:
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