Almost Never Films (HLWD) 10-Q 19 Nov 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2018	Nov. 19, 2018
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	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		5,778,765
Document Type	10-Q
Document Period End Date	Sep. 30, 2018
Amendment Flag	false
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2018	Jun. 30, 2018
Current Assets
Cash and cash equivalents	$ 87,944	$ 270,826
Prepaid expenses and deposits	129,391	218,658
Loan receivable	32,000	32,000
Total Current Assets	249,335	521,484
Deferred assets	119,583	137,083
Film costs	2,957,929	2,535,359
TOTAL ASSETS	3,326,847	3,193,926
Current Liabilities
Accrued liabilities	54,053	87,237
Deferred film revenue	2,027,024	1,799,471
Interest payable	70,534	50,182
Other Payable	55,000	55,000
Promissory Note Payable	480,000	480,000
Promissory note payable - related party	350,000
Total Current Liabilities	3,036,611	2,471,890
Long-term Liabilities
Promissory note payable - related party		350,000
TOTAL LIABILITIES	3,036,611	2,821,890
Commitments and Contingencies
Stockholders' Equity
Preferred stock: no par value, 5,000,000 authorized; Series A Preferred stock: 2,000,000 authorized; No shares issued and outstanding
Common stock: 25,000,000 authorized; $0.001 par value 5,328,765 and 5,328,765 shares issued and outstanding respectively.	5,329	5,329
Additional paid in capital	1,655,956	1,655,956
Accumulated deficit	(1,371,049)	(1,289,249)
Total Stockholders' Equity	290,236	372,036
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 3,326,847	$ 3,193,926

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Sep. 30, 2018	Jun. 30, 2018
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, shares authorized	25,000,000	25,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares issued	5,328,765	5,328,765
Common stock, shares outstanding	5,328,765	5,328,765
Series A Preferred stock
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Income Statement [Abstract]
Revenues	$ 0	$ 0
Operating Expenses
General and administration expenses	41,768	21,976
Professional fees	19,680	19,703
Total operating expenses	61,448	41,679
Loss from operations	(61,448)	(41,679)
Other (Expense) Income
Interest income		4,841
Interest expense	(20,352)	(7,838)
Total other income (expense)	(20,352)	(2,997)
Net loss before income taxes	(81,800)	(44,676)
Provision for income taxes	0	0
Net loss	$ (81,800)	$ (44,676)
Net Loss Per Common Share - Basic and Diluted (in dollars per share)	$ (0.02)	$ (0.01)
Weighted Average Common Shares Outstanding - Basic and Diluted (in shares)	5,328,765	4,673,765

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Cash Flows from Operating Activities:
Net loss	$ (81,800)	$ (44,676)
Adjustments to reconcile net loss to net cash used in operating activities:
Consulting expense	17,500
Changes in operating assets and liabilities:
Interest receivable		5,159
Prepaid expenses and deposits	89,267	7,781
Film costs	(422,570)
Accrued liabilities	(33,184)	15,245
Deferred film revenue	227,553
Interest payable	20,352	(2,162)
Net Cash Used in Operating Activities	(182,882)	(18,653)
Cash Flows from Investing Activities:
Issuance of Promissory note receivable		400,000
Loan receivable		(12,000)
Net Cash Provided by Investing Activities		388,000
Cash Flows from Financing Activities:
Proceeds from issuance of promissory note payable - related party		350,000
Payment of promissory note payable		(200,000)
Payment of Promissory note payable - related party		(200,000)
Proceeds from common stock subscribed		250,000
Retirement of Common Stock		(20,000)
Net Cash Provided By Financing Activities		180,000
Net Increase in Cash and Cash Equivalents	(182,882)	549,347
Cash and Cash Equivalents, beginning of period	270,826	91,590
Cash and Cash Equivalents, end of period	87,944	640,937
Supplemental Disclosure Information:
Cash paid for interest		10,000
Cash paid for income taxes	$ 0	$ 0

ORGANIZATION, OPERATIONS AND BA

ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING	3 Months Ended
	Sep. 30, 2018
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, finance and production related services for movies under budgets of $35 million. 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 2,500,000 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 5,000,000 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. On August 9, 2017, the Company has approved a 1 for 40 reverse split of its issued and outstanding common stock. The common stock accounts and all share related balances have been be applied retroactively for all periods presented. The new symbol of the Company is HLWD in OTCQB. Going Concern The accompanying 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 three months ended September 30, 2018, the Company had a net loss from operations of $81,800 and net cash outflows from operating activities of $182,882. As of September 30, 2018, the Company has an accumulated deficit of $1,371,049. 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. The Company plans on raising the required funds through completion of film projects resulting in revenues, and further potential equity and debt offerings.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Sep. 30, 2018
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. 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) and FWIL, LLC (Indiana), and its 90 % owned subsidiaries, One HLWD KY LLC (Kentucky), Two HLWD KY LLC (Kentucky) and Three HLWD KY (Kentucky), LLC, as well as the following entities, which are 100 % owned: Virginia Christmas, LLC (New York), Christmas Camp, LLC (New York), and Country Christmas, LLC (Ohio). All significant intercompany transactions and balances have been eliminated in consolidation. Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, these condensed financial statements do not include all of the information and footnotes required for audited annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited financial statements and the notes thereto that are included in the Company’s audited June 30, 2018 financial statements that was filed with the SEC on October 15, 2018. The results of operations for the three months ended September 30, 2018, are not necessarily indicative of the results to be expected for the full year. 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, film costs, among others. Actual results could differ from these estimates. Cash Cash includes demand deposits with banks or other financial institutions. All cash balances are hold by major banking institutions. The Company maintains its cash with a financial institution, and at times, amounts may exceed federally insured limits. Currently the FDIC insurance coverage limit is $250,000, and the Company is potentially exposed to no un-insured cash balances. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash. Film Costs The Company records film costs in accordance with ASC – 926 - Entertainment – Films 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 September 30, 2018, the balance reported for cash approximates its fair value because of its short maturities. Notes payable are recorded at agreed values. Debt balances are stated at historical amounts less principal payments, which approximate fair market value. Promissory notes receivable and payable are stated at historical amounts less principal payments. The Company believes interest rates in its debt agreements are commensurate with lender risk profiles for similar companies. Revenue Recognition The Company has chosen to early adopt and apply the standards beginning in the fiscal year ended June 30, 2018 related to Accounting Standards Codification ASC - 606 Revenue from Contracts with Customers. Revenue Recognition The Company recognizes revenue from its contracts with customers in accordance with ASC 606 – Revenue from Contracts with Customers. Revenue related to contracts with customers is evaluated utilizing the following steps: (i) Identify the contract, or contracts, with a customer; (ii) Identify the performance obligations in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; (v) Recognize Revenue when we satisfy a performance obligation. When the Company enters into a contract, the Company analyses the services required in the contract in order to identify the required performance obligations which would indicate the Company has met and fulfilled its obligations. To appropriately identify the performance obligations, the Company considers all of the services required to be satisfied per the contract, whether explicitly stated or implicitly implied. The Company allocates the full transaction price to the single performance obligation being satisfied. The Company performed an analysis of two revenues streams: revenue from Production Service Agreements, and revenue from self-produced films. In order for the revenue to be recognized, the following criteria must be met: (i) persuasive evidence of an agreement exists, (ii) the film or production has been completed and delivered, (iii) the distribution or license period has started, (iv) the price is fixed or determinable, and (v) the collection of the consideration is reasonably assured. The Company will allow for doubtful accounts if a determination is made that collection may not be fulfilled. The Company recognizes revenue when the customer confirms to the Company that all of the terms and conditions of the contract has been met, and the sign-off of the project has been completed. Production Service Agreement Revenue: based on the analysis performed, the Company determined that the performance obligations as of September 30, 2018 had not been satisfied, and therefore the Company did not recognize any revenues associated with the Production Service Agreements. Revenue from self-produced films: based on the analysis performed, the Company determined that the performance obligations as of September 30, 2018 had not been satisfied, and therefore the Company did not recognize any revenues associated with the self-produced films. The Company analyses whether gross sales, or net sales should be recorded, based on whether the Company is subject to inventory risk, has control over establishing price, and has control over the related costs with earning revenues. The Company has recorded all revenues at the gross price. Cash payments received are recorded as deferred revenue until the conditions, stated above, of revenue recognition have been met, specifically all obligations have been met as specified in the related customer contract and the associated payment has been received. Stock Repurchase and Cancellation During the year ended June 30, 2018, the Company repurchased and cancelled 85,475 shares of common stock. The Company accounted for the transaction in accordance with ASC 505 – Equity – 30 Treasury Stock, Purchase of Treasury Shares or Stock Rights. Stock Subscription Receivable The Company has accounted for Stock Subscription Receivable in accordance with ASC – 505 – Equity – 10 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 three months ended September 30, 2018, and 2017, as there are no potential shares outstanding that would have a dilutive effect. Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”, which supersedes nearly all existing revenue recognition guidance under accounting principles generally accepted in the United States of America. The core principle of this ASU is that revenue should be recognized for the amount of consideration expected to be received for promised goods or services transferred to customers. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments, and assets recognized for costs incurred to obtain or fulfill a contract. ASU 2014-09 was scheduled to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date,” which deferred the effective date of ASU 2014-09 by one year and allowed entities to early adopt, but no earlier than the original effective date. ASU 2014-09 is now effective for public business entities for the annual reporting period beginning December 15, 2017. This update allows for either full retrospective or modified retrospective adoption. In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,” which amends guidance previously issued on these matters in ASU 2014-09. The effective date and transition requirements of ASU 2016-10 are the same as those for ASU 2014-09. In May 2016, the FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients,” which clarifies certain aspects of the guidance, including assessment of collectability, treatment of sales taxes and contract modifications, and providing certain technical corrections. The effective date and transition requirements of ASU 2016-12 are the same as those for ASU 2014-09. The Company adopted the new guidance, Accounting Standards Codification ASC - 606 Revenue from Contracts with Customers In June 2018, the FASB issued ASU No. 2018-07 , Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting 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.

PROMISSORY NOTES RECEIVABLE

PROMISSORY NOTES RECEIVABLE	3 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
PROMISSORY NOTES RECEIVABLE	NOTE 3 – PROMISSORY NOTES RECEIVABLE On June 7, 2017, the Company entered into an agreement for a 2.5% promissory note in exchange for lending $200,000 to a third party. The principal of $200,000 is due to the Company forty-five (45) days from receipt of the funds. The cash was received on July 17, 2017. On June 12, 2017, the Company entered into an agreement for a 2.5% promissory note in exchange for lending $200,000 to a third party. The principal of $200,000 is due to the Company forty-five (45) days from receipt of the funds. The cash was received on July 26, 2017. The proceeds from the two Promissory Notes Receivable were utilized in order to provide a Bridge Loan to a third party in connection with the productions of the certain motion pictures. During the three months ended September 30, 2018, and 2017 a total amount of $0 and $4,841, respectively was recorded as interest income related to the two $200,000 notes. The Company received full payments for the two Promissory Notes Receivable and $10,000 of interest receivable related to the two Promissory Notes Receivable during the year ended June 30, 2018.

FILM COSTS

FILM COSTS	3 Months Ended
	Sep. 30, 2018
Film Costs [Abstract]
FILM COSTS	NOTE 4 – FILM COSTS Film costs are comprised of the following: September 30, 2018 June 30, 2018 Independent Self-Produced Film Costs 1,027,696 982,175 Capitalized Film Costs covered under Production Service Agreements 1,930,233 1,553,184 Total Film Costs 2,957,929 2,535,359 Film costs include salaries and wages, and all other direct costs associated with the motion pictures and television productions. As of September 30, 2018, the Company performed fair value measurements related to film costs and determined that there were no indicators of impairment. During the three months ended September 30, 2018, the Company did not recognize impairment loss. On November 10, 2017 the Company executed a First Amendment Agreement to its 6x picture Production and Distribution Agreement between Big Film Factory LLC (“Big Film” or “Prodco”) and Pure Flix Entertainment LLC (“PFE”), (the “Agreement”). The Agreement memorializes the understanding with respect to the development, packaging, production, post-production and worldwide distribution of the films intended for initial and primary worldwide exhibition. The parent company, Almost Never Films, will be added as a party to the initial agreement by and between Big Film and PFE, wherever Big Film is referenced in connection with providing production services in conjunction with Big Film as well as providing production capital and cash following each of the first six (6) films produced under the Agreement (“6 Pictures”). Both Prodco and PFE agree to expand the defined role of “Prodco” in the Agreement, to add the Company to that definition, and grant the Company equally the same role and responsibilities heretofore only held by Big Film in connection with the 6 Pictures.

DEFERRED FILM REVENUE

DEFERRED FILM REVENUE	3 Months Ended
	Sep. 30, 2018
Deferred Film Revenue [Abstract]
DEFERRED FILM REVENUE	NOTE 5 – DEFERRED FILM REVENUE On March 27, 2018, the Company entered into a Production Services Agreement with MVE Productions, LLC to provide production services for a film. In relation to the film, the Company created a Limited Liability Corporation, ‘Christmas Camp LLC.’ The Production Services Agreement was planned to run from April 9, 2018 to August 27, 2018. As of the date of this filing, the Production Service Agreement is still ongoing. The Company has not recognized any film revenue as of September 30, 2018. As of September 30, 2018, the Company has recorded $817,533 of deferred revenue in relation to this film. On March 27, 2018, the Company entered into a Production Services Agreement with MVE Productions, LLC to provide production services for a film. In relation to the film, the Company created a Limited Liability Corporation, ‘Last Vermont Christmas LLC.’ The Production Services Agreement was planned to run from April 9, 2018 to September 28, 2018. As of the date of this filing the Production Service Agreement is still ongoing. The Company has not recognized any film revenue as of September 30, 2018. As of September 30, 2018, the Company has recorded $841,772 of deferred revenue in relation to this film. On June 19, 2018, the Company entered into a Production Services Agreement with MVE Productions, LLC to provide production services for a film. In relation to the film, the Company created a Limited Liability Corporation, ‘Country Christmas.’ The Production Services Agreement will run from June 25, 2018 to October 15, 2018. The Company has not recognized any film revenue as of September 30, 2018. As of September 30, 2018, the Company has recorded $367,719 of deferred revenue in relation to this film.

PROMISSORY NOTES PAYABLE

PROMISSORY NOTES PAYABLE	3 Months Ended
	Sep. 30, 2018
Promissory Notes Payable [Abstract]
PROMISSORY NOTES PAYABLE	NOTE 6 – PROMISSORY NOTES PAYABLE On October 11, 2017, the Company issued a $150,000 Promissory Note in exchange for receiving $150,000 proceeds. The principal of $150,000 is due fourteen (14) months from the receipt of the funds, and a total interest charge of ten percent, or $15,000 is to be recorded over the term of the loan. An interest payable of $12,459 has been recorded as of September 30, 2018. During the three months ended September 30, 2018, interest expense of $3,212 was recorded. The proceeds were be used by the Company to fund the motion picture known as One HLWD KY LLC. On January 4, 2018, the Company issued a $80,000 Promissory Note in exchange for receiving $80,000 proceeds. The principal of $80,000 is due twelve (12) months from the receipt of the funds, and bears interest at 10% per annum. An interest payable of $5,896 has been recorded as of September 30, 2018. During the three months ended September 30, 2018, interest expense of $2,016 was recorded. The proceeds were be used by the Company to fund the motion picture known as River Runs Red. On February 6, 2018, the Company issued a $100,000 Promissory Note in exchange for receiving $100,000 proceeds. The principal of $100,000 is due twelve (12) months from the receipt of the funds, and bears interest at 10% per annum. An interest payable of $6,466 has been recorded as of June 30, 2018. During the three months ended September 30, 2018, interest expense of $2,521 was recorded. The proceeds were be used by the Company to fund the motion picture known as River Runs Red. On February 7, 2018, the Company issued a $150,000 Promissory Note in exchange for receiving $150,000 proceeds. The principal of $150,000 is due twelve (12) months from the receipt of the funds, and bears interest at 10% per annum. An interest payable of $9,658 has been recorded as of September 30, 2018. During the three months ended September 30, 2018, interest expense of $3,781 was recorded. The proceeds were be used by the Company to fund the motion picture known as River Runs Red.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2018
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS On September 19, 2017 the company issued a 10% Promissory Note in exchange for receiving $350,000 to Kruse Farms, LP., a Company owned by one of the Company’s principle owners. The principal of $350,000 is due to the lender in twenty four (24) months from receipt of the funds. An interest payable of $36,055 has been recorded as of September 30, 2018. During the three months ended September 30, 2018, interest expense of $8,822 was recorded. During the three months ended September 30, 2017, interest expense of $1,055 was recorded. The proceeds will be used by the Company to fund production of a motion picture. As of September 30, 2018, the Company has advanced $12,000 as a loan to an employee, not a member of management, which bears no interest and is due on demand. As of September 30, 2018, the Company has advanced $20,000 as a loan to the Company’s Chief Creative Officer. The loan receivable bears no interest and is due on March 28, 2019. During the three months ended September 30, 2018, and 2017, the Company paid $25,640, and $0, respectively to the Chief Creative Officer for fees related to production and managing movie services.

NOTE PAYABLE

NOTE PAYABLE	3 Months Ended
	Sep. 30, 2018
Short-term Debt [Abstract]
NOTE PAYABLE	NOTE 8 – 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. During the year ended June 30, 2018, the Company settled the principal amount of $66,613, and interest payable of $17,209, a total of $83,822 through the issuance of 83,822 common shares. For the three months ended September 30, 2018, and 2017, interest expense of $0, and $1,679 were recorded, respectively.

SHARE CAPITAL

SHARE CAPITAL	3 Months Ended
	Sep. 30, 2018
Equity [Abstract]
SHARE CAPITAL	NOTE 9 – SHARE CAPITAL Common Stock On November 22, 2016, the Company issued 312,500 common shares at $0.80 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 143,750 shares were issued on November 22, 2016. On July 5, 2017, the Company repurchased and cancelled 85,475 shares of common stock of the company for $20,000. On August 9, 2017, the Company has approved a 1 for 40 reverse split of its issued and outstanding common stock. The common stock accounts and all share related balances have been applied retroactively for all periods presented. On September 11, 2017, the Company amended the Articles of Incorporation to decrease the authorized capital to 25,000,000 shares of common stock. During the year ended June 30, 2018, the Company entered into four share purchase agreements with four investors for 406,000 common shares at $1 per share. The shares were issued during the year ended June 30, 2018. During the year ended June 30, 2018, the Company issued 83,822 common shares to settle $132,437 of principal note payable and accrued interest. During the year ended June 30, 2018, the Company issued 43,894 common shares to settle $69,352 of accounts payable. During the year ended June 30, 2018, the Company issued 125,000 common shares for consulting services, valued at $140,000. There were 5,328,765 shares of common stock issued and outstanding as of September 30, 2018.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 10 – 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.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 11 – INCOME TAXES 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. On December 22, 2017, the Tax Cuts and Jobs Act (the “Tax Act”), was signed into law. The Tax Act includes numerous changes to tax laws impacting business, the most significant being a permanent reduction in the federal corporate income tax rate from 34% to 21%. The rate reduction took effect on January 1, 2018. As the Company’s 2018 fiscal year ended on June 30, 2018, the Company’s federal blended corporate tax rate for fiscal year 2018 is 26.9%, based on the applicable tax rates before and after the Tax Act and the number of days in the fiscal year to which the two different rates applied. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% and 34% to the net loss before provision for income taxes for the following reasons: Three Months ended September 30, 2018 2017 Federal Income Tax benefits (expenses) attributable to Current Operation $ 17,178 $ 15,190 Less: Valuation Allowance (17,178 ) (15,190 ) Net Provision for Federal Income Taxes $ - $ - Net deferred tax assets consist of the following components as of: September 30, June 30, 2018 2018 Deferred tax assets $ 193,807 $ 176,629 Less: valuation allowance (193,807 ) (176,629 ) Deferred tax assets, net $ - $ - In accordance with Income Tax laws of United States of America, net operating loss carry forwards of $922,891 which expire commencing in fiscal 2036, 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 12 – SUBSEQUENT EVENTS Management has evaluated subsequent events through the date the consolidated financial statements were issued. Based on our evaluation no events have occurred that require recognition or disclosure, other than those listed below. On October 17, 2018, the Company issued 250,000 and 200,000 common shares at $0.50 for consulting services, to two individuals, valued at $125,000, and $100,000, respectively.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2018
Summary of Significant Accounting Policies [Abstract]
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) and FWIL, LLC (Indiana), and its 90 % owned subsidiaries, One HLWD KY LLC (Kentucky), Two HLWD KY LLC (Kentucky) and Three HLWD KY (Kentucky), LLC, as well as the following entities, which are 100 % owned: Virginia Christmas, LLC (New York), Christmas Camp, LLC (New York), and Country Christmas, LLC (Ohio). All significant intercompany transactions and balances have been eliminated in consolidation.
Basis of Presentation	Basis of Presentation The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, these condensed financial statements do not include all of the information and footnotes required for audited annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited financial statements and the notes thereto that are included in the Company’s audited June 30, 2018 financial statements that was filed with the SEC on October 15, 2018. The results of operations for the three months ended September 30, 2018, are not necessarily indicative of the results to be expected for the full year.
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, film costs, among others. Actual results could differ from these estimates.
Cash	Cash Cash includes demand deposits with banks or other financial institutions. All cash balances are hold by major banking institutions. The Company maintains its cash with a financial institution, and at times, amounts may exceed federally insured limits. Currently the FDIC insurance coverage limit is $250,000, and the Company is potentially exposed to no un-insured cash balances. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk on cash.
Film Costs	Film Costs The Company records film costs in accordance with ASC – 926 - Entertainment – Films
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 September 30, 2018, the balance reported for cash approximates its fair value because of its short maturities. Notes payable are recorded at agreed values. Debt balances are stated at historical amounts less principal payments, which approximate fair market value. Promissory notes receivable and payable are stated at historical amounts less principal payments. The Company believes interest rates in its debt agreements are commensurate with lender risk profiles for similar companies.
Revenue Recognition	Revenue Recognition The Company has chosen to early adopt and apply the standards beginning in the fiscal year ended June 30, 2018 related to Accounting Standards Codification ASC - 606 Revenue from Contracts with Customers. Revenue Recognition The Company recognizes revenue from its contracts with customers in accordance with ASC 606 – Revenue from Contracts with Customers. Revenue related to contracts with customers is evaluated utilizing the following steps: (i) Identify the contract, or contracts, with a customer; (ii) Identify the performance obligations in the contract; (iii) Determine the transaction price; (iv) Allocate the transaction price to the performance obligations in the contract; (v) Recognize Revenue when we satisfy a performance obligation. When the Company enters into a contract, the Company analyses the services required in the contract in order to identify the required performance obligations which would indicate the Company has met and fulfilled its obligations. To appropriately identify the performance obligations, the Company considers all of the services required to be satisfied per the contract, whether explicitly stated or implicitly implied. The Company allocates the full transaction price to the single performance obligation being satisfied. The Company performed an analysis of two revenues streams: revenue from Production Service Agreements, and revenue from self-produced films. In order for the revenue to be recognized, the following criteria must be met: (i) persuasive evidence of an agreement exists, (ii) the film or production has been completed and delivered, (iii) the distribution or license period has started, (iv) the price is fixed or determinable, and (v) the collection of the consideration is reasonably assured. The Company will allow for doubtful accounts if a determination is made that collection may not be fulfilled. The Company recognizes revenue when the customer confirms to the Company that all of the terms and conditions of the contract has been met, and the sign-off of the project has been completed. Production Service Agreement Revenue: based on the analysis performed, the Company determined that the performance obligations as of September 30, 2018 had not been satisfied, and therefore the Company did not recognize any revenues associated with the Production Service Agreements. Revenue from self-produced films: based on the analysis performed, the Company determined that the performance obligations as of September 30, 2018 had not been satisfied, and therefore the Company did not recognize any revenues associated with the self-produced films. The Company analyses whether gross sales, or net sales should be recorded, based on whether the Company is subject to inventory risk, has control over establishing price, and has control over the related costs with earning revenues. The Company has recorded all revenues at the gross price. Cash payments received are recorded as deferred revenue until the conditions, stated above, of revenue recognition have been met, specifically all obligations have been met as specified in the related customer contract and the associated payment has been received.
Stock Repurchase and Cancellation	Stock Repurchase and Cancellation During the year ended June 30, 2018, the Company repurchased and cancelled 85,475 shares of common stock. The Company accounted for the transaction in accordance with ASC 505 – Equity – 30 Treasury Stock, Purchase of Treasury Shares or Stock Rights.
Stock Subscription Receivable	Stock Subscription Receivable The Company has accounted for Stock Subscription Receivable in accordance with ASC – 505 – Equity – 10
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 three months ended September 30, 2018, and 2017, as there are no potential shares outstanding that would have a dilutive effect.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606)”, which supersedes nearly all existing revenue recognition guidance under accounting principles generally accepted in the United States of America. The core principle of this ASU is that revenue should be recognized for the amount of consideration expected to be received for promised goods or services transferred to customers. This ASU also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments, and assets recognized for costs incurred to obtain or fulfill a contract. ASU 2014-09 was scheduled to be effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. In August 2015, the FASB issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date,” which deferred the effective date of ASU 2014-09 by one year and allowed entities to early adopt, but no earlier than the original effective date. ASU 2014-09 is now effective for public business entities for the annual reporting period beginning December 15, 2017. This update allows for either full retrospective or modified retrospective adoption. In April 2016, the FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing,” which amends guidance previously issued on these matters in ASU 2014-09. The effective date and transition requirements of ASU 2016-10 are the same as those for ASU 2014-09. In May 2016, the FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Topic 606): Narrow Scope Improvements and Practical Expedients,” which clarifies certain aspects of the guidance, including assessment of collectability, treatment of sales taxes and contract modifications, and providing certain technical corrections. The effective date and transition requirements of ASU 2016-12 are the same as those for ASU 2014-09. The Company adopted the new guidance, Accounting Standards Codification ASC - 606 Revenue from Contracts with Customers In June 2018, the FASB issued ASU No. 2018-07 , Compensation—Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting 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.

FILM COSTS (Tables)

FILM COSTS (Tables)	3 Months Ended
	Sep. 30, 2018
Film Costs [Abstract]
Schedule of Film costs	September 30, 2018 June 30, 2018 Independent Self-Produced Film Costs 1,027,696 982,175 Capitalized Film Costs covered under Production Service Agreements 1,930,233 1,553,184 Total Film Costs 2,957,929 2,535,359

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of provision for income taxes differs from the amounts	Three Months ended September 30, 2018 2017 Federal Income Tax benefits (expenses) attributable to Current Operation $ 17,178 $ 15,190 Less: Valuation Allowance (17,178 ) (15,190 ) Net Provision for Federal Income Taxes $ - $ -
Schedule of Net deferred tax assets	September 30, June 30, 2018 2018 Deferred tax assets $ 193,807 $ 176,629 Less: valuation allowance (193,807 ) (176,629 ) Deferred tax assets, net $ - $ -

ORGANIZATION, OPERATIONS AND _2

ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING (Detail Textuals)	Aug. 09, 2017shares	Jan. 15, 2016USD ($)Shareholdershares	Sep. 30, 2018USD ($)shares	Jun. 30, 2018shares	Sep. 11, 2017shares	Feb. 29, 2016shares
Organization Operations And Basis Of Accounting [Line Items]
Film production costs | $			$ 35,000,000
Assets acquired | $		$ 6,566
Liabilities assumed | $		$ 598,869
Common stock, shares authorized | shares	25,000,000		25,000,000	25,000,000	25,000,000	5,000,000
Description of common stock reverse stock split	1 for 40
Share exchange agreement | Smack Sportswear ("Smack") | Mr. Chan and Mr. Williams
Organization Operations And Basis Of Accounting [Line Items]
Number of shareholders | Shareholder		2
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 preferred stock converted | shares		1,000,000
Number of common stock issued in conversion of preferred stock | shares		2,500,000

ORGANIZATION, OPERATIONS AND _3

ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING (Detail Textuals 1) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Organization, Operations and Basis of Accounting [Abstract]
Net loss from operations	$ (81,800)	$ (44,676)
Cash used in operating activities	182,882
Accumulated deficit	$ (1,371,049)		$ (1,289,249)

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($)	Jul. 05, 2017	Sep. 30, 2018	Jun. 30, 2018
Summary of Significant Accounting Policies [Abstract]
Percentage of subsidiaries		90.00%
FDIC insurance uninsured amount		$ 250,000
Stock repurchased and forfeited shares during the period	85,475		85,475

PROMISSORY NOTES RECEIVABLE (De

PROMISSORY NOTES RECEIVABLE (Detail Textuals)	Jun. 12, 2017USD ($)	Jun. 07, 2017USD ($)	Sep. 30, 2018USD ($)Promissory_Note	Sep. 30, 2017USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of notes receivable | Promissory_Note			2
Interest income				$ 4,841
Promissory note agreement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income			$ 0	$ 4,841
Cash paid for interest			$ 10,000
Third Party One | Promissory Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of promissory note		2.50%
Promissory notes receivable		$ 200,000
Term of promissory note receivable		45 days
Third Party Two | Promissory Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of promissory note	2.50%
Promissory notes receivable	$ 200,000
Term of promissory note receivable	45 days

FILM COSTS (Details)

FILM COSTS (Details) - USD ($)	Sep. 30, 2018	Jun. 30, 2018
Film Costs [Abstract]
Independent Self-Produced Film Costs	$ 1,027,696	$ 982,175
Capitalized Film Costs covered under Production Service Agreements	1,930,233	1,553,184
Total Film Costs	$ 2,957,929	$ 2,535,359

DEFERRED FILM REVENUE (Detail T

DEFERRED FILM REVENUE (Detail Textuals)	3 Months Ended
	Sep. 30, 2018USD ($)
Deferred Revenue Arrangement [Line Items]
Deferred film revenue	$ 227,553
Production services agreement with MVE productions | Christmas Camp LLC
Deferred Revenue Arrangement [Line Items]
Deferred film revenue	817,533
Production services agreement with MVE productions | Last Vermont Christmas LLC
Deferred Revenue Arrangement [Line Items]
Deferred film revenue	841,772
Production services agreement with MVE productions | Country Christmas LLC
Deferred Revenue Arrangement [Line Items]
Deferred film revenue	$ 367,719

PROMISSORY NOTES PAYABLE (Detai

PROMISSORY NOTES PAYABLE (Detail Textuals) - USD ($)	Feb. 07, 2018	Feb. 06, 2018	Jan. 04, 2018	Oct. 11, 2017	Sep. 30, 2018	Jun. 30, 2018
Short-term Debt [Line Items]
Promissory note payable					$ 480,000	$ 480,000
Interest payable					70,534	50,182
Promissory note on October 11, 2017
Short-term Debt [Line Items]
Percentage of notes payable				10.00%
Promissory note payable				$ 150,000
Proceeds from promissory notes payable				$ 150,000
Term of promissory note payable				14 months
Recorded interest over term of loan				$ 15,000
Interest expense					3,212
Interest payable					12,459
Promissory note on January 4, 2018
Short-term Debt [Line Items]
Percentage of notes payable			10.00%
Promissory note payable			$ 80,000
Proceeds from promissory notes payable			$ 80,000
Term of promissory note payable			12 months
Interest expense					2,016
Interest payable					5,896
Promissory note on February 6, 2018
Short-term Debt [Line Items]
Percentage of notes payable		10.00%
Promissory note payable		$ 100,000
Proceeds from promissory notes payable		$ 100,000
Term of promissory note payable		12 months
Interest expense					2,521
Interest payable						$ 6,466
Promissory note on February 7, 2018
Short-term Debt [Line Items]
Percentage of notes payable	10.00%
Promissory note payable	$ 150,000
Proceeds from promissory notes payable	$ 150,000
Term of promissory note payable	12 months
Interest expense					3,781
Interest payable					$ 9,658

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 19, 2017	Sep. 30, 2018	Sep. 30, 2017
Related Party Transaction [Line Items]
Interest expense		$ 20,352	$ 7,838
Employee
Related Party Transaction [Line Items]
Advances of loan		12,000
Chief Creative Officer
Related Party Transaction [Line Items]
Advances of loan		20,000
Production and managing movie services fees		25,640	0
Kruse Farms, LP | Promissory note
Related Party Transaction [Line Items]
Promissory note receivable	$ 350,000
Percentage of promissory note	10.00%
Term of promissory note receivable	24 months
Interest expense		8,822	$ 1,055
Promissory note interest payable		$ 36,055

NOTE PAYABLE (Detail Textuals)

NOTE PAYABLE (Detail Textuals) - USD ($)	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018	Aug. 31, 2015
Debt Instrument [Line Items]
Outstanding balance of notes payable			$ 66,613
Interest expense	$ 20,352	$ 7,838
Unsecured promissory note
Debt Instrument [Line Items]
Outstanding balance of notes payable			$ 83,822
Interest expense	$ 0	$ 1,679
Number of common stock issued			83,822
Interest payable			$ 17,209
Smack Sportswear ("Smack") | Unsecured promissory note
Debt Instrument [Line Items]
Maximum borrowing capacity of unsecured debt				$ 66,613
Note payable interest rate				10.00%

SHARE CAPITAL (Detail Textuals)

SHARE CAPITAL (Detail Textuals)	Aug. 09, 2017shares	Jul. 05, 2017USD ($)shares	Nov. 22, 2016USD ($)$ / sharesshares	Jun. 29, 2016USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2018USD ($)AgreementInvestors$ / sharesshares	Sep. 30, 2018shares	Sep. 11, 2017shares	Feb. 29, 2016shares
Schedule of Capitalization, Equity [Line Items]
Proceeds from common stock subscribed | $					$ 250,000
Stock repurchased and forfeited shares during the period | shares		85,475				85,475
Stock repurchased and forfeited during the period | $		$ 20,000
Description of common stock reverse stock split	1 for 40
Common stock, shares issued | shares						5,328,765	5,328,765
Common stock, shares outstanding | shares						5,328,765	5,328,765
Common stock, shares authorized | shares	25,000,000					25,000,000	25,000,000	25,000,000	5,000,000
Share Purchase Agreements
Schedule of Capitalization, Equity [Line Items]
Number of agreements | Agreement						4
Number of investor | Investors						4
Number of share purchase | shares						406,000
Share price of stock purchase in agreement | $ / shares						$ 1
Common Stock
Schedule of Capitalization, Equity [Line Items]
Common shares issued to settle note payable and accrued interest | $						$ 132,437
Common shares issued to settle note payable and accrued interest (in shares) | shares						83,822
Common shares issued to settle accounts payable | $						$ 69,352
Common shares issued to settle accounts payable (in shares) | shares						43,894
Common shares issued for consulting services | $						$ 140,000
Common shares issued for consulting services (in shares) | shares						125,000
Issuance one | Common Stock
Schedule of Capitalization, Equity [Line Items]
Number of common stock issued | shares			312,500
Shares issued price per share (in dollars per share) | $ / shares			$ 0.80
Proceeds from common stock subscribed | $			$ 250,000
Value of common stock issued | $				$ 135,000
Issuance two | Common Stock
Schedule of Capitalization, Equity [Line Items]
Value of common stock issued | $			115,000
Issuance three | Common Stock
Schedule of Capitalization, Equity [Line Items]
Value of common stock issued | $			$ 143,750

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
Initial option fee of project	$ 10,000
Initial 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%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Federal income tax benefit attributable to:
Federal Income Tax benefits (expenses) attributable to Current Operation	$ 17,178	$ 15,190
Less: Valuation Allowance	(17,178)	(15,190)
Net Provision for Federal Income Taxes	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Sep. 30, 2018	Jun. 30, 2018
Deferred tax asset attributable to:
Deferred tax assets	$ 193,807	$ 176,629
Less: valuation allowance	(193,807)	(176,629)
Deferred tax assets, net	$ 0	$ 0

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Income Tax Disclosure [Line Items]
Statutory federal income tax rate		26.90%
Net operating loss carry forwards	$ 922,891
Earliest tax year
Income Tax Disclosure [Line Items]
Statutory federal income tax rate	34.00%
Latest tax year
Income Tax Disclosure [Line Items]
Statutory federal income tax rate	21.00%

SUBSEQUENT EVENTS (Detail Textu

SUBSEQUENT EVENTS (Detail Textuals) - Subsequent event	1 Months Ended
	Oct. 17, 2018USD ($)$ / sharesshares
First individual
Subsequent Event [Line Items]
Number of common shares issued for consulting services (in shares) | shares	250,000
Amount of common shares issued for consulting services | $	$ 125,000
Shares issued price per share (in dollars per share) | $ / shares	$ 0.50
Second individual
Subsequent Event [Line Items]
Number of common shares issued for consulting services (in shares) | shares	200,000
Amount of common shares issued for consulting services | $	$ 100,000
Shares issued price per share (in dollars per share) | $ / shares	$ 0.50