Financial Statements

FINANCIAL STATEMENTS

 

The financial statements (specifically, the balance sheet) herein provided has been provided by the Company. This balance sheet has not been audited, reviewed, or otherwise reviewed by an outside accounting firm. It is the intent of the Company to obtain audited financials upon the filing of the S-1 registration statement. WHEN REVIEWING THIS FINANCIAL STATEMENT, THE READER MUST PROCEED WITH THE UTMOST CAUTION.

 

BALANCE SHEET

ASSETS
Current Assets
Checking/Savings
WF Operating Account 2,112.71
Total Checking/Savings 2,112.71
Total Current Assets 2,112.71
Fixed Assets
Start Up Costs 76,984.67
Production Fixed Assets
7-Star Productions 1,000,000.00
Film Rights 17,969,510.00
Total Production Fixed Assets 18,969,510.00
Less Accumulated Depreciation -51,592.00
Total Fixed Assets 18,994,902.67
TOTAL ASSETS 18,997,015.38
LIABILITIES & EQUITY
Liabilities  
    Long Term Liabilities
Note Payable – Film Rights 1,400,000.00
Loan from Officer 194,111.01
Total Long Term Liabilities 1,594,111.01
Total Liabilities 1,594,111.01
Equity
Common Stock Issued 19,220,660.00
Opening Bal Equity 866,000.00
Retained Earnings -2,648,015.86
Net Income -35,739.77
Total Equity 17,402,904.37
TOTAL LIABILITIES & EQUITY 18,997,015.38