STWC (STWC) 10-K 7 Oct 14 2014 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Document and Entity Information:	'	'
Entity Registrant Name	'4th Grade Films Inc	'
Document Type	'10-K	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001400683	'
Current Fiscal Year End Date	'--06-30	'
Entity Common Stock, Shares Outstanding	'	2,345,000
Entity Public Float	'	$23,450
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'FY	'

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Jun. 30, 2014	Jun. 30, 2013
ASSETS	'	'
Cash	$28	$1,091
Total current assets	28	1,091
Total Assets	28	1,091
Liabilities	'	'
Accrued Liabilities - related party	27,186	22,701
Unearned Revenue	1,500	'
Income Taxes Payable	100	100
Total Current Liabilities	28,786	22,801
Note Payable - Shareholder	110,533	89,118
Total Liabilities	139,319	111,919
Stockholders' Deficit	'	'
Common Stock	23,450	23,450
Additional Paid-in Capital	123,762	123,762
Accumulated Deficit	-286,503	-258,040
Total Stockholders' Deficit	-139,291	-110,828
Total Liabilities and Stockholders' Deficit	$28	$1,091

Statement_of_Financial_Positio

Statement of Financial Position - Parenthetical (USD $)	Jun. 30, 2014	Jun. 30, 2013
Statement of Financial Position	'	'
Preferred Stock, Par Value	$0.01	$0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$0.01	$0.01
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares Issued	2,345,000	2,345,000
Common Stock, Shares Outstanding	2,345,000	2,345,000

STATEMENTS_OF_OPERATIONS_For_t

STATEMENTS OF OPERATIONS (For the Years Ended June 30, 2014 and 2013) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Statement of Income	'	'
Revenues	$8	$97
Revenues - related party	133	2,000
Cost of Revenues	-8	-97
Gross Profit	133	2,000
Operating Expenses	'	'
Professional Expenses	17,505	16,178
Selling, General and Administrative	1,091	963
Impairment of Unamortized Film Development Costs	'	12,200
Total Operating Expenses	18,596	29,341
Net Loss from Operations	-18,463	-27,341
Interest Expense - Related Party	-9,900	-7,887
Net Loss Before Income Taxes	-28,363	-35,228
Provision for Income Taxes	100	100
Net Loss	($28,463)	($35,328)
Loss Per Share - Basic and Diluted	($0.01)	($0.01)
Basic and Diluted Weighted Average Shares Outstanding	2,345,000	2,345,000

STATEMENTS_OF_CASH_FLOWS_For_t

STATEMENTS OF CASH FLOWS (For the Years Ended June 30, 2014 and 2013) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash Flows from Operating Activities	'	'
Net Loss	($28,463)	($35,328)
Impairment of Capitalized Film Development Costs	'	12,200
Increase in deferred Revenue	1,600	'
Amortization of Film Costs	'	97
Decrease in Accounts Receivable	'	9
Increase in Accrued Liabilities- related party	4,486	3,400
Accrued Interest included in Notes Payable Balance	9,900	7,887
Net Cash Used in Operating Activities	-12,477	-11,735
Cash Flows from Financing Activities	'	'
Proceeds from Loan from Shareholder	11,414	12,823
Net Cash from Financing Activities	11,414	12,823
Net Increase (Decrease) in cash	-1,063	1,088
Beginning Cash Balance	1,091	3
Ending Cash Balance	$28	$1,091

STATEMENTS_OF_STOCKHOLDERS_DEF

STATEMENTS OF STOCKHOLDERS' DEFICIT (For the Years Ended June 30, 2014 and 2013) (USD $)	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders' Deficit
		USD ($)	USD ($)	USD ($)	USD ($)
Balance, Value at Jun. 30, 2012	'	$23,450	$123,762	($222,712)	($75,500)
Balance, Shares at Jun. 30, 2012	'	2,345,000	'	'	'
Net loss for the year	'	'	'	-35,328	-35,328
Balance, Value at Jun. 30, 2013	'	23,450	123,762	-258,040	-110,828
Balance, Shares at Jun. 30, 2013	2,345,000	2,345,000	'	'	'
Net loss for the year	'	'	'	-28,463	-28,463
Balance, Value at Jun. 30, 2014	'	$23,450	$123,762	($286,503)	($139,291)
Balance, Shares at Jun. 30, 2014	2,345,000	2,345,000	'	'	'

Note_1_Organization_and_Summar

Note 1 Organization and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 1 Organization and Summary of Significant Accounting Policies	'
	NOTE 1   ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	(a) Organization
	4th Grade Films, Inc. (Company) was incorporated under the laws of the State of Utah on April 25, 2007. 4th Grade is an independent film production company. The Company is engaged in developing, financing, producing, marketing and distributing film content.
	(b) Income Taxes
	The Company applies the provisions of FASB Accounting Standard Codification (ASC) 740 Income Taxes. The Statement requires an asset and liability approach for financial accounting and reporting for income taxes, and the recognition of deferred tax assets and liabilities for the temporary differences between the financial reporting basis and tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled.  A valuation allowance is provided if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	The Company’s policy is to recognize potential interest and penalties accrued related to unrecognized tax benefits within general and administrative expenses for penalties and interest expense for interest. For the years ended June 30, 2014 and 2013, we did not have any interest or penalties relating to income taxes.
	(c) Net Loss per Common Share
	Loss per common share is based on the weighted-average number of common shares outstanding. Diluted loss per share is computed using weighted average number of common shares plus dilutive common share equivalents outstanding during the period using the treasury stock method.  There are no common stock equivalents outstanding, thus, basic and diluted loss per share calculations are the same.
	(d) Statement of Cash Flows
	For purposes of the statements of cash flows, the Company considers cash on deposit in the bank to be cash.  The Company had $28 and $1,091 of cash at June 30, 2014 and 2013, respectively.
	(e) Use of Estimates in Preparation of Financial Statements
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	(f) Advertising
	Advertising Costs are expensed as incurred. The total advertising expense for the years ended June 30, 2014 and 2013 was $0.
	(g) Revenue Recognition
	The Company recognizes revenue from the distribution of its films when earned and reported to it by its distributor, Vanguard International Cinema. The Company recognizes revenues derived from its feature films net of reserves for returns, rebates and other incentives after the distributor has retained a distribution fee as a percentage of revenue.
	Because a third party is the principal distributor of the Company’s films, the amount of revenue that is recognized from films in any given period is dependent on the timing, accuracy and sufficiency of the information received from the distributor. As is typical in the film industry, the distributor may make adjustments in future periods to information previously provided to the Company that could have a material impact on the Company’s operating results in later periods. Furthermore, management may, in its judgment, make material adjustments in future periods to the information reported by the distributor to ensure that revenues are accurately reflected in the Company’s financial statements. To date, the distributor has not made subsequent, nor has the Company made, material adjustments to information provided by the distributor and used in the preparation of the Company’s historical financial statements. Revenue from promotional video sales is recognized when the video is delivered and accepted by customers, and collection is reasonably assured.
	(h) Film Costs
	In accordance with ASC 926, “Entertainment –Films” (“ASC 926”), Film costs include capitalized production costs. These costs are recognized as operating expenses on an individual film based on the ratio that year’s fiscal gross revenues bear to management’s estimate of total remaining ultimate gross revenues. Marketing costs and development costs are charged as operating expenses as incurred.
	(i) Long-Lived Assets
	The Company assesses impairment of long-lived assets whenever there is an indication that the carrying amount of the asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted cash flows generated by those assets to the assets' net carrying value. The amount of impairment loss, if any, is measured as the difference between the net book value of the assets and the estimated fair value of the related assets. As a result of the Company’s analysis, an impairment charge of $12,200 was recorded for the year ended June 30, 2013.
	(j) Unamortized Film Costs
	The Company adopted ASU 2012-07, “Accounting for Fair Value Information That Arises after the Measurement Date and Its Inclusion in the Impairment Analysis of Unamortized Film Costs” (“ASU 2012-07”), which would have the effect of incorporating into the fair value measurement used for the impairment analysis of unamortized film costs only information that is known or knowable as of the measurement date, consistent with how information is incorporated into other fair value measurements. ASU 2012-07 is effective for the Company for impairment assessments performed on or after December 15, 2012. Prospective application of ASU 2012-07 had no effect on the consolidated financial statements of the Company for the current periods presented.
	(k) Impact of New Accounting Standards
	The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. The Company has reviewed the recently issued pronouncements.  During this review the Company decided to early adopt ASU 2014-10 which eliminates the definition of a development stage entity, eliminates the development stage presentation and disclosure requirements under ASC 915, and amends provisions of existing variable interest entity guidance under ASC 810.

Note_2_Liquidity_and_Going_Con

Note 2 Liquidity and Going Concern	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 2 Liquidity and Going Concern	'
	NOTE 2 LIQUIDITY AND GOING CONCERN
	The Company has accumulated losses from inception through June 30, 2014 of ($286,503), has minimal assets, and has negative working capital.  These factors raise substantial doubt about the Company’s ability to continue as a going concern.  These factors may have potential adverse effects on the Company including the ceasing of operations. Management plans include developing film production opportunities or finding a well-capitalized merger candidate to commence operations.  If management is unsuccessful in these efforts, discontinuance of operations is possible.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note_3_Film_Costs

Note 3 Film Costs	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 3 Film Costs	'
	NOTE 3 FILM COSTS
	During the year ended June 30, 2013, management determined that the unamortized costs of the film exceeded the net realizable value for the film. Accordingly, the Company recognized an impairment charge of $12,200 on the film. The international distribution of the film has not generated any revenues and future revenues, if any, are expected to be nominal.

Note_4_Income_Taxes

Note 4 Income Taxes	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 4 Income Taxes	'
	NOTE 4 INCOME TAXES
	The provision for income taxes consists of the following as of June 30, 2014 and 2013:
			2014			2013
	FEDERAL
	Current		$	-		$	-
	Deferred			-			-
	STATE
	Current			100			100
	Deferred			-			-
	TOTAL PROVISION		$	100		$	100
	Deferred income tax assets and liabilities at June 30, 2014 and 2013 consist of the following temporary differences:
			2014			2013
	DEFERRED TAX ASSETS
	Current		$	-		$	-
	Noncurrent
	Net operating losses			83,828			47,460
	Unpaid Related party interest			(3,631	)		4,168
	Film costs			-			-
	Total noncurrent			80,197			51,628
	Valuation Allowance			(80,197	)		(51,628	)
	NET DEFERRED TAX ASSET			-			-
	DEFERRED TAX LIABILITIES			-			-
	NET DEFERRED TAXES		$	-		$	-
	The Company’s valuation allowance has increased $28,569 during the year ended June 30, 2014. The income/franchise tax payable at June 30, 2014 of $100 is the minimum tax due to the State of Utah for the year ended June 30, 2014.
	The following is a summary of federal net operating loss carry forwards and their expiration dates:
		Amount			Expiration
		$	5,325		6/30/27
			30,061		6/30/28
			27,975		6/30/29
			18,789		6/30/30
			30,247		6/30/31
			18,032		6/30/32
			106,369		6/30/33
			16,878		6/30/34
		$	253,676
	A reconciliation between income taxes at statutory tax rates (20%) and the actual income tax provision for continuing operations as of June 30, 2014 and 2013 is, as follows:
			2014			2013
	Expected provision (based on statutory rate)		$	(28,549	)	$	(7,066	)
	Effect of:
	State minimum tax, net of federal benefit			80			80
	Increase (decrease) in valuation allowance			28,569			7,086
	Total actual provision		$	100		$	100
	Uncertain Tax Positions
	The Company has not made any adjustments to deferred tax assets or liabilities.  The Company did not identify any material uncertain tax positions of the Company on returns that have been filed or that will be filed.  The Company has a Net Operating Loss as disclosed above.  Since the Company cannot estimate whether the Net Operating Loss will ever produce a tax benefit, even if examined by taxing authorities and disallowed entirely, there would be no effect on the financial statements.
	A reconciliation of our unrecognized tax benefits for 2014 is presented in the table below:
			2014			2013
	Balance as of beginning of year		$	-		$	-
	Additions based on tax positions related to the current year			-			-
	Additions based on tax positions related to the prior year			-			-
	Reductions for tax positions of prior years			-			-
	Reductions due to expiration of statute of limitations			-			-
	Settlements with taxing authorities			-			-
	Balance as of end of year		$	-		$	-
	The tax years ended June 30, 2011, through June 30, 2014 are open for examination for federal income tax purposes and by other major taxing jurisdictions to which we are subject.

Note_5_Officer_Compensation_Ex

Note 5 Officer Compensation Expenses and Related Party Transactions	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 5 Officer Compensation Expenses and Related Party Transactions	'
	NOTE 5 OFFICER COMPENSATION EXPENSES AND RELATED PARTY TRANSACTIONS
	As of June 30, 2014 and 2013, James Doolin, a shareholder of the Company and former President and Director, had loaned the Company a total of $56,572 and $52,087, respectively, on an unsecured debenture.  The Note accrues interest at 10% per annum and matures on December 31, 2014.  As of June 30, 2014 and 2013, the outstanding note payable to the shareholder was $81,560 and $69,648, respectively, which includes $24,897 and $17,561 in accrued interest, respectively.  For the fiscal year ended June 30, 2014 and 2013 the Company accrued interest of $7,427 and $6,407 on the note, respectively.
	As of June 30, 2014 and 2013 a shareholder had loaned the Company a total of $23,221 and $16,191 on an unsecured debenture, respectively. The Note accrues interest at 10% per annum and matures on December 31, 2014.  As of June 30, 2014 and 2013, the outstanding note payable to the shareholder was $28,973 and $19,470, respectively, which includes $5,752 and $3,279, respectively, in accrued interest.  In the years ended June 30, 2014 and 2013, the Company accrued interest of $2,473 on $1,480 on the note, respectively.
	As of June 30, 2014, approximately 75.5% of the Company’s issued and outstanding common stock was controlled by one family giving them effective power to control the vote on substantially all significant matters without the approval of other stockholders.
	The Company rented office space, telephone service, and computer usage from a shareholder of the Company. Management has estimated a percentage of usage of the resources to calculate and record the expenses and believes this estimate to be reasonable.  The amount expensed and accrued for the year ended June 30, 2014 and 2013 was $900 and $900, respectively. The Company also pays James Doolin a fee of $500 per Form 10-Q and $1,000 per Form 10-K to prepare the Company’s EDGAR filings. The amount expensed and accrued for the year ended June 30, 2014 and 2013 was $2,000 and $2,000, respectively.  As of June 30, 2014 and 2013, the Company has accrued $11,075 and $8,175, respectively, in unpaid fees from this arrangement.
	During the years ended June 30, 2014 and 2013 legal services were provided by a shareholder.  The total expense incurred for these services was $1,585 and $460 for the years ending June 30, 2014 and 2013, respectively.  As of June 30, 2014 and 2013, the outstanding amounts payable to the shareholder was $16,111, and $14,526, respectively.

Note_6_Concentrations

Note 6 Concentrations	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 6 Concentrations	'
	NOTE 6 CONCENTRATIONS
	The Company depends significantly on funding from a single shareholder to meet it obligations and maintain filing status.  If funds from this shareholder were no longer available, the Company may experience significant adverse effects including the need to cease operations.

Note_7_Commitments

Note 7 Commitments	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 7 Commitments	'
	NOTE 7 COMMITMENTS
	The Company has an arrangement with Savage Pictures, LLC (“Savage Pictures”), Savage Pictures is entitled to receive 10% of St. Julian’s net proceeds, which shall take into account deductions including without limitation, production costs, post-production costs, and marketing costs.

Note_8_Subsequent_Events_Share

Note 8 Subsequent Events - Share Exchange	12 Months Ended
	Jun. 30, 2014
Notes	'
Note 8 Subsequent Events - Share Exchange	'
	NOTE 8 SUBSEQUENT EVENTS – SHARE EXCHANGE
	On August 19, 2014, pursuant to an Agreement to Exchange Securities, the Company acquired approximately 90% of the outstanding common stock of Strainwise, Inc., a Colorado corporation (“Strainwise Colorado”), in exchange for 23,124,184 shares of the Company’s common stock.
	As part of the share exchange, Strainwise Colorado paid $134,700 of the Company’s liabilities and purchased 1,038,000 shares of the Company’s common stock for $120,300 from two shareholders of the Company.  The 1,038,000 shares were returned to treasury and cancelled.  The Company also agreed to sell its rights to a motion picture (Four Stories of St. Julian), together with all related domestic and international distribution agreements, and all pre-production and other rights to the film, to a former officer and director of the Company in consideration for the assumption by a shareholder of the Company of all liabilities of the Company (net of the $134,700 paid by Strainwise Colorado) which were outstanding immediately prior to the closing of the transaction.
	On September 5, 2014 the Company changed its name to Strainwise, Inc.
	On September 12, 2014 the Company acquired the remaining outstanding shares of Strainwise Colorado in exchange for the issuance of 2,517,000 shares of its common stock.  In connection with this transaction:
		the Company issued 1,112,350 Series A warrants to former Strainwise Colorado shareholders in exchange for a like number of warrants held by the former Strainwise Colorado shareholders.  The Series A warrants the Company issued have the same terms as the warrants exchanged by the former Strainwise Colorado shareholders (exercise price: $5.00 per share/expiration date: January 31, 2019).
		the Company issued 500,000 warrants to one non-affiliated person in exchange for a like number of warrants held by the former Strainwise Colorado warrant holder.  The warrants the Company issued have the same terms as the warrants exchanged by the former Strainwise Colorado warrant holder (exercise price: $0.10 per share/expiration date: January 31, 2019).
	The acquisition of Strainwise Colorado will be accounted for as a reverse acquisition and recapitalization using accounting principles applicable to reverse acquisitions whereby the financial statements subsequent to the date of the transaction will be presented as a continuation of the Company. Under reverse acquisition accounting Strainwise Colorado (subsidiary) is treated as the accounting parent (acquirer) and the Company (parent) is treated as the accounting subsidiary (acquiree). All outstanding shares of the Company will be restated to reflect the effect of the business combination.

Note_1_Organization_and_Summar1

Note 1 Organization and Summary of Significant Accounting Policies: (a) Organization (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(a) Organization	'
	(a) Organization
	4th Grade Films, Inc. (Company) was incorporated under the laws of the State of Utah on April 25, 2007. 4th Grade is an independent film production company. The Company is engaged in developing, financing, producing, marketing and distributing film content.

Note_1_Organization_and_Summar2

Note 1 Organization and Summary of Significant Accounting Policies: (b) Income Taxes (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(b) Income Taxes	'
	(b) Income Taxes
	The Company applies the provisions of FASB Accounting Standard Codification (ASC) 740 Income Taxes. The Statement requires an asset and liability approach for financial accounting and reporting for income taxes, and the recognition of deferred tax assets and liabilities for the temporary differences between the financial reporting basis and tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled.  A valuation allowance is provided if, based on the weight of available evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	The Company’s policy is to recognize potential interest and penalties accrued related to unrecognized tax benefits within general and administrative expenses for penalties and interest expense for interest. For the years ended June 30, 2014 and 2013, we did not have any interest or penalties relating to income taxes.

Note_1_Organization_and_Summar3

Note 1 Organization and Summary of Significant Accounting Policies: (c) Net Loss Per Common Share (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(c) Net Loss Per Common Share	'
	(c) Net Loss per Common Share
	Loss per common share is based on the weighted-average number of common shares outstanding. Diluted loss per share is computed using weighted average number of common shares plus dilutive common share equivalents outstanding during the period using the treasury stock method.  There are no common stock equivalents outstanding, thus, basic and diluted loss per share calculations are the same.

Note_1_Organization_and_Summar4

Note 1 Organization and Summary of Significant Accounting Policies: (d) Statement of Cash Flows (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(d) Statement of Cash Flows	'
	(d) Statement of Cash Flows
	For purposes of the statements of cash flows, the Company considers cash on deposit in the bank to be cash.  The Company had $28 and $1,091 of cash at June 30, 2014 and 2013, respectively.

Note_1_Organization_and_Summar5

Note 1 Organization and Summary of Significant Accounting Policies: (e) Use of Estimates in Preparation of Financial Statements (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(e) Use of Estimates in Preparation of Financial Statements	'
	(e) Use of Estimates in Preparation of Financial Statements
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Note_1_Organization_and_Summar6

Note 1 Organization and Summary of Significant Accounting Policies: (f) Advertising (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(f) Advertising	'
	(f) Advertising
	Advertising Costs are expensed as incurred. The total advertising expense for the years ended June 30, 2014 and 2013 was $0.

Note_1_Organization_and_Summar7

Note 1 Organization and Summary of Significant Accounting Policies: (g) Revenue Recognition (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(g) Revenue Recognition	'
	(g) Revenue Recognition
	The Company recognizes revenue from the distribution of its films when earned and reported to it by its distributor, Vanguard International Cinema. The Company recognizes revenues derived from its feature films net of reserves for returns, rebates and other incentives after the distributor has retained a distribution fee as a percentage of revenue.
	Because a third party is the principal distributor of the Company’s films, the amount of revenue that is recognized from films in any given period is dependent on the timing, accuracy and sufficiency of the information received from the distributor. As is typical in the film industry, the distributor may make adjustments in future periods to information previously provided to the Company that could have a material impact on the Company’s operating results in later periods. Furthermore, management may, in its judgment, make material adjustments in future periods to the information reported by the distributor to ensure that revenues are accurately reflected in the Company’s financial statements. To date, the distributor has not made subsequent, nor has the Company made, material adjustments to information provided by the distributor and used in the preparation of the Company’s historical financial statements. Revenue from promotional video sales is recognized when the video is delivered and accepted by customers, and collection is reasonably assured.

Note_1_Organization_and_Summar8

Note 1 Organization and Summary of Significant Accounting Policies: (h) Film Costs (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(h) Film Costs	'
	(h) Film Costs
	In accordance with ASC 926, “Entertainment –Films” (“ASC 926”), Film costs include capitalized production costs. These costs are recognized as operating expenses on an individual film based on the ratio that year’s fiscal gross revenues bear to management’s estimate of total remaining ultimate gross revenues. Marketing costs and development costs are charged as operating expenses as incurred.

Note_1_Organization_and_Summar9

Note 1 Organization and Summary of Significant Accounting Policies: (i) Long-lived Assets (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(i) Long-lived Assets	'
	(i) Long-Lived Assets
	The Company assesses impairment of long-lived assets whenever there is an indication that the carrying amount of the asset may not be recoverable. Recoverability of these assets is determined by comparing the forecasted undiscounted cash flows generated by those assets to the assets' net carrying value. The amount of impairment loss, if any, is measured as the difference between the net book value of the assets and the estimated fair value of the related assets. As a result of the Company’s analysis, an impairment charge of $12,200 was recorded for the year ended June 30, 2013.

Recovered_Sheet1

Note 1 Organization and Summary of Significant Accounting Policies: (j) Unamortized Film Costs (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(j) Unamortized Film Costs	'
	(j) Unamortized Film Costs
	The Company adopted ASU 2012-07, “Accounting for Fair Value Information That Arises after the Measurement Date and Its Inclusion in the Impairment Analysis of Unamortized Film Costs” (“ASU 2012-07”), which would have the effect of incorporating into the fair value measurement used for the impairment analysis of unamortized film costs only information that is known or knowable as of the measurement date, consistent with how information is incorporated into other fair value measurements. ASU 2012-07 is effective for the Company for impairment assessments performed on or after December 15, 2012. Prospective application of ASU 2012-07 had no effect on the consolidated financial statements of the Company for the current periods presented.

Recovered_Sheet2

Note 1 Organization and Summary of Significant Accounting Policies: (k) Impact of New Accounting Standards (Policies)	12 Months Ended
	Jun. 30, 2014
Policies	'
(k) Impact of New Accounting Standards	'
	(k) Impact of New Accounting Standards
	The Financial Accounting Standards Board (“FASB”) periodically issues new accounting standards in a continuing effort to improve standards of financial accounting and reporting. The Company has reviewed the recently issued pronouncements.  During this review the Company decided to early adopt ASU 2014-10 which eliminates the definition of a development stage entity, eliminates the development stage presentation and disclosure requirements under ASC 915, and amends provisions of existing variable interest entity guidance under ASC 810.

Note_4_Income_Taxes_Schedule_o

Note 4 Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Components of Income Tax Expense (Benefit)	'
		2014		2013
	FEDERAL
	Current	$	-	$	-
	Deferred		-		-
	STATE
	Current		100		100
	Deferred		-		-
	TOTAL PROVISION	$	100	$	100

Note_4_Income_Taxes_Schedule_o1

Note 4 Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Deferred Tax Assets and Liabilities	'
		2014			2013
	DEFERRED TAX ASSETS
	Current	$	-		$	-
	Noncurrent
	Net operating losses		83,828			47,460
	Unpaid Related party interest		(3,631	)		4,168
	Film costs		-			-
	Total noncurrent		80,197			51,628
	Valuation Allowance		(80,197	)		(51,628	)
	NET DEFERRED TAX ASSET		-			-
	DEFERRED TAX LIABILITIES		-			-
	NET DEFERRED TAXES	$	-		$	-

Note_4_Income_Taxes_Summary_of

Note 4 Income Taxes: Summary of Operating Loss Carryforwards (Tables)	12 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Summary of Operating Loss Carryforwards	'
		Amount		Expiration
		$	5,325	6/30/27
			30,061	6/30/28
			27,975	6/30/29
			18,789	6/30/30
			30,247	6/30/31
			18,032	6/30/32
			106,369	6/30/33
			16,878	6/30/34
		$	253,676

Note_4_Income_Taxes_Schedule_o2

Note 4 Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	12 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Effective Income Tax Rate Reconciliation	'
		2014			2013
	Expected provision (based on statutory rate)	$	(28,549	)	$	(7,066	)
	Effect of:
	State minimum tax, net of federal benefit		80			80
	Increase (decrease) in valuation allowance		28,569			7,086
	Total actual provision	$	100		$	100

Note_4_Income_Taxes_Schedule_o3

Note 4 Income Taxes: Schedule of Unrecognized Tax Benefits Roll Forward (Tables)	12 Months Ended
	Jun. 30, 2014
Tables/Schedules	'
Schedule of Unrecognized Tax Benefits Roll Forward	'
		2014		2013
	Balance as of beginning of year	$	-	$	-
	Additions based on tax positions related to the current year		-		-
	Additions based on tax positions related to the prior year		-		-
	Reductions for tax positions of prior years		-		-
	Reductions due to expiration of statute of limitations		-		-
	Settlements with taxing authorities		-		-
	Balance as of end of year	$	-	$	-

Recovered_Sheet3

Note 1 Organization and Summary of Significant Accounting Policies: (d) Statement of Cash Flows (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2012
Details	'	'	'
Cash	$28	$1,091	$3

Recovered_Sheet4

Note 1 Organization and Summary of Significant Accounting Policies: (f) Advertising (Details) (USD $)	12 Months Ended
	Jun. 30, 2014
Details	'
Advertising Expense	$0

Recovered_Sheet5

Note 1 Organization and Summary of Significant Accounting Policies: (i) Long-lived Assets (Details) (USD $)	12 Months Ended
	Jun. 30, 2013
Details	'
Impairment of Unamortized Film Development Costs	$12,200

Note_2_Liquidity_and_Going_Con1

Note 2 Liquidity and Going Concern (Details) (USD $)	Jun. 30, 2014	Jun. 30, 2013
Details	'	'
Accumulated Deficit	($286,503)	($258,040)

Note_3_Film_Costs_Details

Note 3 Film Costs (Details) (USD $)	12 Months Ended
	Jun. 30, 2013
Details	'
Impairment of Unamortized Film Development Costs	$12,200

Note_4_Income_Taxes_Details

Note 4 Income Taxes (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Details	'	'
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$28,569	'
Provision for Income Taxes	$100	$100

Note_5_Officer_Compensation_Ex1

Note 5 Officer Compensation Expenses and Related Party Transactions (Details) (USD $)	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Details	'	'
Proceeds from Issuance of Unsecured Debt	$56,572	$52,087
Notes Payable, Current	81,560	69,648
Proceeds from Noncontrolling Interests	23,221	16,191
Due to Affiliate, Current	28,973	19,470
Operating Leases, Rent Expense	900	900
Other General and Administrative Expense	2,000	2,000
Due to Related Parties	11,075	8,175
Legal Fees	1,585	460
Due to Other Related Parties, Classified, Current	$16,111	$14,526