Almost Never Films (HLWD) 10-Q 19 May 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2017	May 18, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Almost Never Films Inc.
Entity Central Index Key	1,422,768
Trading Symbol	hlwd
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		190,207,623
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Current Assets
Cash and cash equivalents	$ 109,677	$ 84,967
Prepaid expense	24,847	3,126
Total Current Assets	134,524	88,093
TOTAL ASSETS	134,524	88,093
Current Liabilities
Accrued Liabilities	47,350	28,988
Payroll taxes and sales taxes payable	271,398	271,398
Note payable	66,613	66,613
Total Current Liabilities	385,361	366,999
Total Liabilities	385,361	366,999
Stockholders' Deficit
Preferred stock, no par value, 5,000,000 shares authorized; Series A voting preferred stock, 2,000,000 shares authorized; No shares issued and outstanding
Common stock, $0.001 par value, 200,000,000 shares authorized; 190,207,623 and 177,707,623 shares issued and outstanding, respectively	190,208	177,708
Common stock subscribed		10,000
Stock subscription receivable		(65,000)
Additional paid-in capital	471,890	424,390
Accumulated deficit	(912,935)	(826,004)
Total Stockholders' Deficit	(250,837)	(278,906)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 134,524	$ 88,093

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2017	Jun. 30, 2016
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	190,207,623	177,707,623
Common stock, shares outstanding (in shares)	190,207,623	177,707,623
Series A Voting Preferred stock
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
REVENUE
OPERATING EXPENSES
General and administrative expenses	13,208	9,627	23,132	11,550
Professional fees	12,468	30,175	58,798	33,675
Total Operating Expenses	25,676	39,802	81,930	45,225
LOSS FROM OPERATIONS	(25,676)	(39,802)	(81,930)	(45,225)
OTHER EXPENSE
Interest expense	(1,643)	(4,990)	(5,001)	(4,990)
Loss on debt settlement		(745,800)		(745,800)
Total Other Expense	(1,643)	(750,790)	(5,001)	(750,790)
LOSS BEFORE INCOME TAXES	(27,319)	(790,592)	(86,931)	(796,015)
Provision for income taxes
NET LOSS	(27,319)	(790,592)	(86,931)	(796,015)
COMPREHENSIVE LOSS	$ (27,319)	$ (790,592)	$ (86,931)	$ (796,015)
BASIC AND DILUTED LOSS PER COMMON SHARE:
Net loss per share (in dollars per share)	$ 0	$ (0.01)	$ 0	$ (0.04)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED (in shares)	190,207,623	68,330,516	183,660,004	22,611,189

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net profit (loss)	$ (86,931)	$ (796,015)
Adjustments to reconcile net loss to net cash from operating activities:
Loss on debt settlement		745,800
Changes in operating assets and liabilities:
Prepaid expense	(21,721)	1,566
Accrued liabilities	18,362	6,852
Net cash provided (used) in operating activities	(90,290)	(41,797)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from common share issuance	115,000	85,000
Proceeds from preferred share issuance		10,000
Net cash provided (used) by financing activities	115,000	95,000
Net increase in cash and cash equivalents	24,710	53,203
Cash and cash equivalents - beginning of period	84,967
Cash and cash equivalents - end of period	109,677	53,203
Supplemental Cash Flow Disclosures
Cash paid for interest
Cash paid for income taxes
Non-Cash Investing and Financing Activity:
Net liabilities assumed in recapitalization		(776,294)
Common stock issued for note payable		248,600
Stock subscription receivable		(115,000)
Preferred stock converted to common stock		$ 100,000

ORGANIZATION, OPERATIONS AND BA

ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING	9 Months Ended
	Mar. 31, 2017
Organization, Operations and Basis of Accounting [Abstract]
ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING	NOTE 1 - ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING Nature of the Business Almost Never Films Inc. (the “Company”) was originally incorporated in Nevada in October 2007 as Smack Sportswear (“Smack”), which originally manufactured and sold performance and lifestyle based indoor and sand volleyball apparel and accessories. The Company is now an independent film company focused on film production and production related services in connection with genre specific motion pictures with production costs in the $5.0 million to $50.0 million range. Share Exchange and Recapitalization On January 15, 2016, Smack entered into a share exchange agreement with Almost Never Films Inc., a private company incorporated in Indiana on July 8, 2015, and its two shareholders, Danny Chan and Derek Williams. Pursuant to the agreement, Smack issued 1,000,000 shares of our Series A Convertible Preferred Stock to Mr. Chan and Mr. Williams in exchange for all 100,000,000 shares of issued and outstanding common stock of Almost Never Films Inc. (Indiana). As a result of the share exchange, Almost Never Films Inc. (Indiana) became Smack’s wholly-owned subsidiary, and Mr. Chan and Mr. Williams acquired a controlling interest in the Company. The share exchange was accounted for as a "reverse acquisition," and resulted in a recapitalization. Almost Never Films Inc. (Indiana) is deemed to be the acquirer for accounting purposes. The assets acquired and liabilities assumed were $6,566 and $598,869, respectively. Consequently, the assets and liabilities and the historical operations that will be reflected in the financial statements prior to the share exchange will be those of Almost Never Films Inc. (Indiana) and will be recorded at the historical cost basis of Almost Never Films Inc. (Indiana), and the combined financial statements after completion of the share exchange include the assets and liabilities of Almost Never Films Inc. (Indiana), historical operations of Almost Never Films Inc. (Indiana), and operations of Almost Never Films Inc. (Indiana) from the closing date of the share exchange. As a result of the issuance of the shares of our Series A Convertible Preferred Stock pursuant to the share exchange, a change in control of the Company occurred as of the date of consummation of the share exchange. All share and per share information in the accompanying consolidated financial statements and footnotes has been retroactively restated to reflect the recapitalization. The Company has not yet generated any revenue since inception. On February 29, 2016, the stockholders of Smack voted to amend the Articles of Incorporation of the Company to (i) increase the authorized capital of the Company to 200,000,00 shares of common stock and (ii) to change the name of the Company to “Almost Never Films Inc.” which took effect on March 2, 2016. The new symbol of the Company is HLWD. Going Concern The accompanying consolidated financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and liabilities and commitments in the normal course of business. The accompanying consolidated financial statements do not reflect any adjustments that might result if the Company is unable to continue as a going concern. During the nine months ended March 31, 2017, the Company incurred a net loss from continuing operations of $86,931 and cash used in operating activities was $90,290. As of March 31, 2017, the Company is delinquent in payments of $271,398 for payroll and sales taxes and of $66,613 of a note payable. As of March 31, 2017, the Company had a working capital deficiency of $250,837 and a shareholders’ deficit of $912,935. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern and appropriateness of using the going concern basis is dependent upon, among other things, an additional cash infusion and an identification of new business opportunities. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, it may contain undue restrictions on operations, in the case of debt financing, or cause substantial dilution for our stock holders, in case of equity financing.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The unaudited condensed consolidated financial statements presented herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair statement of the financial statements have been included. Operating results for the nine months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending June 30, 2017. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the year ended June 30, 2016, which were included in the Company’s 2016 Annual Report on Form 10-K. The accompanying condensed consolidated balance sheet as of June 30, 2016, has been derived from the Company’s audited consolidated financial statements as of that date. Basis of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Team Sports Superstore (Inactive) and Almost Never Films Inc. (Indiana). All significant intercompany transactions and balances have been eliminated in consolidation. Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the U.S requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the financial statement date, and reported amounts of revenue and expenses during the reporting period. Significant estimates are used in valuing the fair value of common stock issued for services, among others. Actual results could differ from these estimates. Fair Value of Financial Instruments Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk. In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which are determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. Level 2 – inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. As of March 31, 2017, the balances reported for cash, accounts payable and accrued expenses approximate their fair value because of their short maturities. Notes payable are recorded at agreed values. Debt balances are stated at historical amounts less principal payments, which approximate fair market value. The Company believes interest rates in its debt agreements are commensurate with lender risk profiles for similar companies. Stock Subscription Receivable The stock subscription receivable reflects the sales of common stock in March 2016 for which the Company had not received payment. As of March 31, 2017, the stock subscription receivable has been nullified based on a mutual agreement between the Company and the party involved in the subscription. Loss per Share Calculations Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The Company’s diluted loss per share is the same as the basic loss per share for the period ended March 31, 2017, as there are no potential shares outstanding that would have a dilutive effect. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

NOTE PAYABLE

NOTE PAYABLE	9 Months Ended
	Mar. 31, 2017
Short-term Debt [Abstract]
NOTE PAYABLE	NOTE 3 – NOTE PAYABLE In August 2015, Smack entered into an unsecured promissory note agreement with an individual. The agreement allowed for Smack to borrow up to $66,613 at an interest rate of 10 percent per year. This $66,613 note was assumed by the Company during the recapitalization. The outstanding principal balance under the agreement at March 31, 2017 was $66,613. During the nine months and three months periods ended March 31, 2017, the Company incurred $5,001 and $1,643 of interest expense relating to the unsecured promissory note. The outstanding principal amount and all accrued and unpaid interest was due by August 2016 and is currently delinquent.

SHARE CAPITAL

SHARE CAPITAL	9 Months Ended
	Mar. 31, 2017
Equity [Abstract]
SHARE CAPITAL	NOTE 4 – SHARE CAPITAL Common Stock On November 22, 2016, the Company issued 12,500,000 common shares at $0.02 per share, for total proceeds of $250,000. A total of $135,000 was received prior to June 30, 2016 and the shares were issued on November 22, 2016. The remaining $115,000 was received on November 22, 2016, and the 5,750,000 shares were issued on November 22, 2016. There were 190,207,623 shares of common stock issued and outstanding as of March 31, 2017. On March 16, 2017, the Company has approved a 1 for 40 reverse split of its issued and outstanding common stock which has not been completed as of March 31, 2017. After effective, the common stock accounts and all share related balances will be applied retroactively for all periods presented.

INCOME TAX

INCOME TAX	9 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
INCOME TAX	NOTE 5 – INCOME TAX The Company provides for income taxes under ASC 740, "Income Taxes." Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax basis of assets and liabilities and the tax rates in effect when these differences are expected to reverse. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 34% to the net loss before provision for income taxes for the following reasons: Three months Three months Nine months July 8, Federal income tax benefit attributable to: Current Operations $ (9,289 ) $ (268,801 ) $ (29,557 ) $ (270,645 ) Less: valuation allowance 9,289 268,801 29,557 270,645 Net provisions for Federal income taxes $ - $ - $ - $ - Net deferred tax assets consist of the following components as of: Inception to March 31, June 30, Deferred tax asset attributable to: Net operating loss carryover $ 310,398 $ 280,841 Less: valuation allowance (310,398 ) (280,841 ) Net deferred tax asset $ - $ - Net deferred tax assets consist of the following components as of: The following table reconciles the US statutory rates to the Company’s effective tax rate for the nine months ended March 31, 2017 and 2016: Three months Three months Nine months July 8, Effective tax rate attributable to: US statutory rate 34 % 34 % 34 % 34 % Less: change in unrecognized tax benefit from uncertain tax provision -34 % -34 % -34 % -34 % Tax per Financial Statements - - - - Due to the change in ownership provisions of the Income Tax laws of United States of America, net operating loss carry forwards of $912,935 which expire commencing in fiscal 2035, for federal income tax reporting purposes are subject to annual limitations. When a change in ownership occurs, net operating loss carry forwards may be limited as to use in future years.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 6 – COMMITMENTS AND CONTINGENCIES The Company neither owns nor leases any real or personal property. The Company's officers have provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future. On December 12, 2016, the Company entered into an agreement with Saisam Entertainment, LLC to develop, finance, and produce a motion picture project. Per the terms of the agreement, the Company will provide or source equity financing for the project in the amount of approximately $1,300,000. Per the terms of the agreement, the Company and Saisam Entertainment, LLC will create an LLC or other entity for the project currently entitled “Love is not Easy”. Saisam Entertainment, LLC owns and controls the rights to the screenplay, and will assign all rights in and to the project, pursuant to the terms of an option purchase agreement between the two parties, which includes an initial option fee of $10,000 for an option period of 18 months, a lien for all of the Company’s out of pocket costs, and will assist in additional funding. The Company will make or source financial contributions in accordance with the terms of the agreement, assist in the raising of additional financing, and will participate in the development and production. The Company and Saisam Entertainment, LLC will own an undivided 50% interest in the LLC or entity that is formed. The Company will be the managing member of the LLC or entity. The approved budget for the project is approximately $2,000,000. In consideration, the Company will receive a return of 20% of its investment, and will subsequently receive its portion of the net profits per the terms of the agreement. The LLC or entity has not been formed to date.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these financial statements were issued. Based on our evaluation no additional events have occurred that require disclosure.

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Mar. 31, 2017
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements presented herein have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Regulation S-X. Accordingly, the financial statements do not include all of the information and notes required by GAAP for complete financial statements. In the opinion of management, all adjustments, including normal recurring adjustments, considered necessary for a fair statement of the financial statements have been included. Operating results for the nine months ended March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending June 30, 2017. These unaudited condensed consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto for the year ended June 30, 2016, which were included in the Company’s 2016 Annual Report on Form 10-K. The accompanying condensed consolidated balance sheet as of June 30, 2016, has been derived from the Company’s audited consolidated financial statements as of that date.
Basis of Consolidation	Basis of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Team Sports Superstore (Inactive) and Almost Never Films Inc. (Indiana). All significant intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the U.S requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the financial statement date, and reported amounts of revenue and expenses during the reporting period. Significant estimates are used in valuing the fair value of common stock issued for services, among others. Actual results could differ from these estimates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk including our own credit risk. In addition to defining fair value, the standard expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which are determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: Level 1 – inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. Level 2 – inputs are based upon significant observable inputs other than quoted prices included in Level 1, such as quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models, and similar techniques. As of March 31, 2017, the balances reported for cash, accounts payable and accrued expenses approximate their fair value because of their short maturities. Notes payable are recorded at agreed values. Debt balances are stated at historical amounts less principal payments, which approximate fair market value. The Company believes interest rates in its debt agreements are commensurate with lender risk profiles for similar companies.
Stock Subscription Receivable	Stock Subscription Receivable The stock subscription receivable reflects the sales of common stock in March 2016 for which the Company had not received payment. As of March 31, 2017, the stock subscription receivable has been nullified based on a mutual agreement between the Company and the party involved in the subscription.
Loss per Share Calculations	Loss per Share Calculations Basic earnings per share is computed by dividing income available to common shareholders by the weighted-average number of common shares available. Diluted earnings per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The Company’s diluted loss per share is the same as the basic loss per share for the period ended March 31, 2017, as there are no potential shares outstanding that would have a dilutive effect.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

INCOME TAX (Tables)

INCOME TAX (Tables)	9 Months Ended
	Mar. 31, 2017
Income Taxes [Abstract]
Schedule of provision for income taxes	Three months Three months Nine months July 8, Federal income tax benefit attributable to: Current Operations $ (9,289 ) $ (268,801 ) $ (29,557 ) $ (270,645 ) Less: valuation allowance 9,289 268,801 29,557 270,645 Net provisions for Federal income taxes $ - $ - $ - $ -
Schedule of deferred tax assets	Inception to March 31, June 30, Deferred tax asset attributable to: Net operating loss carryover $ 310,398 $ 280,841 Less: valuation allowance (310,398 ) (280,841 ) Net deferred tax asset $ - $ -
Schedule of reconciliation of US statutory rates	Three months Three months Nine months July 8, Effective tax rate attributable to: US statutory rate 34 % 34 % 34 % 34 % Less: change in unrecognized tax benefit from uncertain tax provision -34 % -34 % -34 % -34 % Tax per Financial Statements - - - -

ORGANIZATION, OPERATIONS AND 15

ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING (Detail Textuals)	Jan. 15, 2016Shareholdershares	Mar. 31, 2017USD ($)shares	Jun. 30, 2016USD ($)shares
Organization Operations And Basis Of Accounting [Line Items]
Assets acquired		$ 6,566
liabilities assumed		$ 598,869
Common stock, shares authorized (in shares) | shares		200,000,000	200,000,000
Payroll taxes and sales taxes payable		$ 271,398	$ 271,398
Note payable		66,613	66,613
Working capital deficiency		(250,837)
Shareholders' deficit		(912,935)	$ (826,004)
Minimum
Organization Operations And Basis Of Accounting [Line Items]
Film production costs		5,000,000
Maximum
Organization Operations And Basis Of Accounting [Line Items]
Film production costs		$ 50,000,000
Share exchange agreement | Smack Sportswear ("Smack") | Mr. Chan and Mr. Williams | Series A Convertible Preferred Stock
Organization Operations And Basis Of Accounting [Line Items]
Number of shareholders | Shareholder	2
Number of preferred stock converted | shares	1,000,000
Number of common stock issued in conversion of preferred stock | shares	100,000,000

ORGANIZATION, OPERATIONS AND 16

ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING (Detail textuals 1) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Organization, Operations and Basis of Accounting [Abstract]
Net loss from continuing operations	$ (27,319)	$ (790,592)	$ (86,931)	$ (796,015)
Cash used in operating activities			$ (90,290)	$ (41,797)

NOTE PAYABLE (Detail Textuals)

NOTE PAYABLE (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2015	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Jun. 30, 2016
Debt Instrument [Line Items]
Outstanding balance of notes payable		$ 66,613		$ 66,613		$ 66,613
Interest expense related to unsecured promissory note		$ 1,643	$ 4,990	$ 5,001	$ 4,990
Smack Sportswear ("Smack") | Unsecured promissory note
Debt Instrument [Line Items]
Maximum borrowing capacity of unsecured debt	$ 66,613
Note payable interest rate	10.00%
Outstanding balance of notes payable	$ 66,613
Notes payable, maturity date	Aug. 31, 2016

SHARE CAPITAL (Detail Textuals)

SHARE CAPITAL (Detail Textuals) - USD ($)	1 Months Ended		9 Months Ended
	Nov. 22, 2016	Jun. 30, 2016	Mar. 31, 2017
Schedule of Capitalization, Equity [Line Items]
Common stock, shares issued		177,707,623	190,207,623
Common stock, shares outstanding		177,707,623	190,207,623
Common stock reverse stock split, Description			Company has approved a 1 for 40 reverse split of its issued and outstanding common stock which has not been completed as of March 31, 2017. After effective, the common stock accounts and all share related balances will be applied retroactively for all periods presented.
Issuance one | Common Stock
Schedule of Capitalization, Equity [Line Items]
Stock issued during period, Shares	12,500,000
Stock issued during period, Value	$ 250,000
Stock issued price per share	$ 0.02
Issuance two | Common Stock
Schedule of Capitalization, Equity [Line Items]
Stock issued during period, Value	$ 115,000	$ 135,000
Issuance three | Common Stock
Schedule of Capitalization, Equity [Line Items]
Stock issued during period, Shares	5,750,000

INCOME TAX (Details)

INCOME TAX (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Federal income tax benefit attributable to:
Current Operations	$ (9,289)	$ (268,801)	$ (29,557)	$ (270,645)
Less: valuation allowance	9,289	268,801	29,557	270,645
Net provisions for Federal income taxes

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($)	Mar. 31, 2017	Jun. 30, 2016
Deferred tax asset attributable to:
Net operating loss carryover	$ 310,398	$ 280,841
Less: valuation allowance	(310,398)	(280,841)
Net deferred tax asset

INCOME TAX (Details 2)

INCOME TAX (Details 2)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Effective tax rate attributable to:
US statutory rate	34.00%	34.00%	34.00%	34.00%
Less: change in unrecognized tax benefit from uncertain tax provision	(34.00%)	(34.00%)	(34.00%)	(34.00%)
Tax per Financial Statements

INCOME TAX (Detail Textuals)

INCOME TAX (Detail Textuals) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Income Taxes [Abstract]
Statutory federal income tax rate	34.00%	34.00%	34.00%	34.00%
Net operating loss carry forwards	$ 912,935		$ 912,935
Operating loss carryforwards, expiration date			Jun. 30, 2035

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Detail Textuals) - Saisam Entertainment LLC	Dec. 12, 2016USD ($)
Commitments And Contingencies [Line Items]
Project contractual obligation	$ 1,300,000
Option fee of project	$ 10,000
Option validity period	18 months
Undivided rights hold	50.00%
Total cost of the project	$ 2,000,000
Percentage of return on investment	20.00%