Almost Never Films (HLWD) 10-K 1 Sep 21 2020 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Jun. 30, 2020	Aug. 31, 2021
Cover [Abstract]
Entity Registrant Name	ALMOST NEVER FILMS INC.
Entity Central Index Key	0001422768
Document Type	10-K
Amendment Flag	false
Entity Voluntary Filers	No
Current Fiscal Year End Date	--06-30
Entity Well Known Seasoned Issuer	No
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Jun. 30, 2020
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Entity Common Stock Shares Outstanding		5,798,765
Entity Public Float		$ 0
Document Annual Report	true
Document Transition Report	false
Entity Interactive Data Current	No
Entity File Number	000-53049
Entity Incorporation State Country Code	NV
Entity Tax Identification Number	26-1665960
Entity Address Address Line 1	8605 Santa Monica Blvd #98258
Entity Address City Or Town	West Hollywood
Entity Address State Or Province	CA
Entity Address Postal Zip Code	90069-4109
City Area Code	213
Local Phone Number	296-3005
Security 12g Title	Common Stock, $0.001 par value

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Current Assets
Cash and cash equivalents	$ 80,510	$ 57,154
Accounts receivable	0	583,333
Loan receivable - related party	20,000	32,000
Total Current Assets	100,510	672,487
Deferred assets	0	103,898
Film costs	85,496	428,731
TOTAL ASSETS	186,006	1,205,116
Current Liabilities
Accounts payable and accrued expenses	64,920	41,813
Due to related party	500	12,000
Deferred film revenue	0	354,398
Interest payable	96,662	117,716
Promissory note payable	82,797	230,000
Promissory note payable - related party	110,000	320,000
Total Current Liabilities	354,879	1,075,927
TOTAL LIABILITIES	354,879	1,075,927
Stockholders' Equity (Deficit)
Preferred stock: no par value, 5,000,000 authorized; Series A Preferred stock: 2,000,000 authorized; No shares issued and outstanding	0	0
Common stock: 25,000,000 authorized; $0.001 par value 5,798,765 and 5,778,765 shares issued and outstanding as of June 30, 2020 and 2019, respectively.	5,799	5,779
Additional paid in capital	1,895,486	1,880,506
Accumulated deficit	(2,068,521)	(1,755,486)
Total shareholders' equity attributable to Almost Never Films Inc. shareholders	(167,236)	130,799
Non-controlling interest	(1,637)	(1,610)
Total shareholders' equity (deficit)	(168,873)	129,189
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 186,006	$ 1,205,116

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Jun. 30, 2019
Stockholders' Equity (Deficit)
Preferred stock, shares authorized	5,000,000	5,000,000
Common stock, shares authorized	25,000,000	25,000,000
Common stock, shares par value	$ 0.001	$ 0.001
Common stock, shares issued	5,798,765	5,778,765
Common stock, shares outstanding	5,798,765	5,778,765
Series A Preferred Stock [Member]
Stockholders' Equity (Deficit)
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Consolidated Statements of Operations and Comprehensive Loss
Revenues	$ 343,256	$ 2,526,346
Cost of Revenues	343,256	2,483,448
Gross Profit	0	42,898
Operating Expenses
General and administration expenses	197,067	348,636
Professional fees	63,970	56,170
Total operating expenses	261,037	404,806
Loss from operations	(261,037)	(361,908)
Other (Expense) Income
Interest expense	(59,807)	(105,939)
Gain on modification of debt	19,782	0
Bad debt for loan receivable	(12,000)	0
Total other income (expense)	(52,025)	(105,939)
Net loss before income taxes	(313,062)	(467,847)
Provision for income taxes	0	0
Net loss	(313,062)	(467,847)
Net loss attributable to:
Almost Never Films Inc.	(313,035)	(466,237)
Non-controlling interest	(27)	(1,610)
Comprehensive Loss	$ (313,062)	$ (467,847)
Net Loss per share attributable to Common stockholders of the Company -Basic and Diluted	$ (0.05)	$ (0.08)
Weighted Average Common Shares Outstanding - Basic and Diluted	5,794,162	5,645,614

Consolidated Statements of Stoc

Consolidated Statements of Stockholders Equity (Deficit) - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Non-controlling Interest [Member]
Balance, shares at Jun. 30, 2018		5,328,765
Balance, amount at Jun. 30, 2018	$ 372,036	$ 5,329	$ 1,655,956	$ (1,289,249)	$ 0
Common shares issued for consulting services, shares		450,000
Common shares issued for consulting services, amount	225,000	$ 450	224,550	0	0
Net loss	(467,847)	$ 0	0	(466,237)	(1,610)
Balance, shares at Jun. 30, 2019		5,778,765
Balance, amount at Jun. 30, 2019	129,189	$ 5,779	1,880,506	(1,755,486)	(1,610)
Net loss	(313,062)	$ 0	0	(313,035)	(27)
Common shares issued to settle interest of note payable, shares		20,000
Common shares issued to settle interest of note payable, amount	15,000	$ 20	14,980	0	0
Balance, shares at Jun. 30, 2020		5,798,765
Balance, amount at Jun. 30, 2020	$ (168,873)	$ 5,799	$ 1,895,486	$ (2,068,521)	$ (1,637)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash Flows from Operating Activities:
Net loss	$ (313,062)	$ (467,847)
Adjustments to reconcile net loss to net cash used in operating activities:
Consulting expense	103,898	258,185
Gain on modification of debt	(19,782)	0
Bad debt for loan receivable	12,000	0
Expenses paid directly by related party	500	0
Changes in operating assets and liabilities:
Accounts receivable	583,333	(583,333)
Prepaid expenses and deposits	0	218,658
Film costs	343,235	2,106,628
Accounts payable and accrued expenses	22,988	(45,424)
Deferred film revenue	(354,398)	(1,445,073)
Interest payable	43,847	67,534
Other payable	0	(55,000)
Net Cash Provided by Operating Activities	422,559	54,328
Cash Flows from Investing Activities:
Net Cash Provided by Investing Activities	0	0
Cash Flows from Financing Activities:
Borrowing from related party	0	12,000
Repayment of related party advances	(12,000)	0
Repayment of note payable	(97,203)	(250,000)
Repayment of promissory note payable - related party	(290,000)	(30,000)
Net Cash Provided by (Used in) Financing Activities	(399,203)	(268,000)
Net Increase (Decrease ) in Cash and Cash Equivalents	23,356	(213,672)
Cash and Cash Equivalents, beginning of period	57,154	270,826
Cash and Cash Equivalents, end of period	80,510	57,154
Supplemental Disclosure Information:
Cash paid for interest	14,797
Cash paid for income taxes	0	0
Supplemental Non-cash Disclosure:
Deferred consulting expense paid in restricted stock	0	225,000
Promissory note issued to related party for settlement of loan arrangement	50,000	0
Interest payable reclassified to note payable - related party	30,000	0
Conversion of debt into common stock	$ 15,000	$ 0

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	12 Months Ended
	Jun. 30, 2020
ORGANIZATION AND OPERATIONS
NOTE 1 - ORGANIZATION AND OPERATIONS	NOTE 1 – ORGANIZATION AND OPERATIONS 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 focusing on film production, finance and production related services for movies under budgets of $35 million. The Company’s common stock are currently traded on OTC Pink under the symbol of “HLWD.” 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 would be reflected in the financial statements prior to the share exchange would be those of Almost Never Films Inc. (Indiana) and would be recorded at the historical cost basis of Almost Never Films Inc. (Indiana), and the combined financial statements after completion of the share exchange included 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 (a) 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 applied retroactively for all periods presented.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Team Sports Superstore (Inactive), Almost Never Films Inc. (Indiana), FWIL, LLC (Indiana), Virginia Christmas, LLC (New York), Christmas Camp, LLC (New York), and Country Christmas, LLC (Ohio). Its 90% owned subsidiaries are One HLWD KY LLC (Kentucky), Two HLWD KY LLC (Kentucky) and Three HLWD KY (Kentucky), LLC. All significant intercompany transactions and balances have been eliminated in consolidation. The Company dissolved FWIL, LLC on September 16, 2019 and Country Christmas, LLC (CXA) on October 5, 2019. Basis of Presentation The accompanying audited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). 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. Concentration of Risk 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. The Company’s accounts receivable from customers individually accounting for more than 10% of total accounts receivable are as follows: June 30, June 30, 2020 2019 Accounts receivable – Pure Flix $ - $ 583,333 The Company’s revenue from customers individually accounting for more than 10% of total revenue are as follows: Years Ended June 30, 2020 2019 MVE Productions $ 343,256 $ 2,526,346 Film Costs, Net 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 June 30, 2020, the balance reported for cash and accounts receivable approximates its 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. Promissory notes receivable, loan receivable and promissory notes 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 In May 2014, the FASB issued new accounting guidance related to revenue from contracts with customers. The core principle of the Standard is that recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new guidance requires that companies disclose the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company has chosen to early adopt and apply the standards beginning in the fiscal year ended June 30, 2018 , 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 the Company satisfies 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. For the current contracts in place, the Company has identified performance obligations as one single event, the sign-off by both parties that production is completed and the product (film) is ready for distribution. 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 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. The Company derives its revenues from the follows: · Production Service Agreement Revenue is related to films where the Company has been engaged as an independent contractor to provide production services and other elements related to production for individual film projects. · Revenue from self-produced films is related to films where the Company has self-produced certain films along with a third party, with the expectation that these films will be distributed in the future. The Company analyses whether gross sales, or net sales should be recorded, 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. 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 years ended June 30, 2020, and 2019, as there are no potential shares outstanding that would have a dilutive effect. Recently Issued Accounting Pronouncements In March 2019, the FASB issued new guidance on film production costs ASU 2019-02, Entertainment Films- Other Assets – Film Costs (Subtopic 926-20). In March 2019, the FASB issued ASU No. 2019-02, Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters Intangibles-Goodwill and Other (Subtopic 920-350). The update aligns the accounting for production costs of an episodic television series with the accounting for production costs of films by removing the content distinction for capitalization. The amendments also require that an entity reassess estimates of the use of a film in a film group and account for any changes prospectively. The amendments in this update require that an entity test a film or license agreement for program material within the scope of Subtopic 920-350 for impairment at a film group level when the film or license agreement is predominantly monetized with other films and/or license agreements. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019 (for the year ended June 30, 2021 for the Company), and interim periods within those fiscal years. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Under this guidance, lessees will be required to recognize on the balance sheet a lease liability and a right-of-use asset for all leases, with the exception of short-term leases. The lease liability represents the lessee s obligation to make lease payments arising from a lease and will be measured as the present value of the lease payments. The right-of-use asset represents the lessee’s right to use a specified asset for the lease term, and will be measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee s initial direct costs. The standard also requires a lessee to recognize a single lease cost allocated over the lease term, generally on a straight-line basis. The new guidance is effective for fiscal years beginning after December 15, 2018. ASU 2016-02 is required to be applied using the modified retrospective approach for all leases existing as of the effective date and provides for certain practical expedients. Early adoption is permitted. The Company does not have any leases and does not have any material impact related to the new guidance. 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. COVID-19 In early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (“COVID-19”) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no retroactive material adverse impacts on the Company’s results of operations and financial position at June 30, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company in the future. The Company is not may 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 year ended June 30, 2020, the Company incurred a net loss of $313,062. As of June 30, 2020, the Company had a working capital deficiency of $254,369 and an accumulated deficit of $2,068,521. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

FILM COSTS, NET

FILM COSTS, NET	12 Months Ended
	Jun. 30, 2020
FILM COSTS, NET
NOTE 3 - FILM COSTS, NET	NOTE 3 – FILM COSTS, NET Film costs are comprised of the following: June 30, June 30, 2020 2019 Independent Self-Produced Film Costs, Net $ 85,496 $ 85,475 Capitalized Film Costs covered under Production Service Agreements, Net $ - $ 343,256 Total Film Costs, Net $ 85,496 $ 428,731 Film costs include salaries and wages, and all other direct costs associated with the motion pictures and television productions. In addition, the Company qualifies for certain government programs that provide incentives earned in regard to expenditures on qualifying film production activities. The incentives are recorded as an offset to the related asset balance. The Company performs fair value measurements related to film costs on an annual basis to evaluate and review indicators of impairment. During the years ended June 30, 2020 and 2019, the Company did not recognize an 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 Company 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”). In accordance with the Agreement, 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. On July 16, 2019, the Company received notice that Country Christmas Album has been confirmed as completed and delivered in accordance with the agreement terms. During the years ended June 30, 2020 and 2019, $343,256 and $2,483,448, respectively, of capitalized film costs were expensed as cost of revenues.

DEFERRED FILM REVENUE

DEFERRED FILM REVENUE	12 Months Ended
	Jun. 30, 2020
DEFERRED FILM REVENUE
NOTE 4 - DEFERRED FILM REVENUE	NOTE 4 – 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 February 28, 2019, all criteria had been met in order for the Company to recognize 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, ‘Last Vermont Christmas LLC.’ The Production Services Agreement was planned to run from April 9, 2018 to September 28, 2018. As of March 18, 2019, all criteria had been met in order for the Company to recognize revenue. 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 LLC.’ The Production Services Agreement was planned to run from June 25, 2018 to October 15, 2018. On July 16, 2019, the Company received notice that Country Christmas Album has been confirmed as completed and delivered in accordance with the agreement terms and therefore the Company has recorded $343,256 revenues during the year ended June 30, 2020.

PROMISSORY NOTES PAYABLE

PROMISSORY NOTES PAYABLE	12 Months Ended
	Jun. 30, 2020
PROMISSORY NOTES PAYABLE
NOTE 5 - PROMISSORY NOTES PAYABLE	NOTE 5 – PROMISSORY NOTES PAYABLE (i) 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. The proceeds were used by the Company to fund the motion picture known as One HLWD KY LLC. On September 24, 2019, the Company signed amendment agreement with lender for the balance of principal note of $50,000 with new maturity date of June 30, 2020. During the years ended June 30, 2020 and 2019, the Company made principal repayments of 50,000 and $100,000, respectively. During the years ended June 30, 2020, and 2019, interest expense of $4,767 and $23,263 was recorded, respectively. As of June 30, 2020, and 2019, an interest payable was $12,726 and $17,509, respectively. Due to change of maturity date of the loan agreement to June 30, 2020, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt. As of June 30, 2020, and 2019, the principal note payable was of $0 and $50,000, respectively. (ii) 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. The proceeds were used by the Company to fund the motion picture known as River Runs Red. On September 24, 2019, the Company signed amendment agreement with lender for the principal note of $80,000 with new maturity date of June 30, 2020. During the years ended June 30, 2020 and 2019, the Company made principal repayments of $2,203 and $0, respectively. During the years ended June 30, 2020, and 2019, interest expense of $7,999 and $12,805 was recorded, respectively. As of June 30, 2020, and June 30, 2019, the Company made interest payments on the note of $9,797 and $8,000, respectively. Due to change of maturity date of the loan agreement to June 30, 2020, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of changing recognized as of gain on gain on modification of debt. As of June 30, 2020, and 2019, the principal note payable was of $77,797 and $80,000, respectively. The Company did not reach an agreement with note holder for new maturity date and as of June 30, 2020, the note is in default. (iii) 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. The proceeds were used by the Company to fund the motion picture known as River Runs Red. On September 24, 2019, the Company signed amendment agreements with lender with maturity date of June 30, 2020, transferred the principal of note and interest payable equally to two new lenders. An interest payable of $16,328 has been recorded as of date of transfer. During the years ended June 30, 2020 and 2019, interest expenses of $2,521 and $15,271 was recorded, respectively. According to amendment agreement, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt. On September 24, 2019, the principal balance of the loan was transferred to a new lender [see note 5(v)] who assumed $50,000 of the outstanding principal balance and the Company’s Chief Executive Officer [see note 6(ii)] who assumed the remaining $50,000 outstanding principal balance. As of June 30, 2020, and June 30, 2019, interest payable was $0 and $19,216, respectively. (iv) 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. The proceeds were used by the Company to fund the motion picture known as River Runs Red. During the year ended June 30, 2019, the Company paid $150,000 of principal and $15,000 of interest payable. On September 24, 2019, the Company singed general and mutual release agreement with lender, to pay $15,000 the balance of due via issuance of 20,000 shares of common stock of the Company. As of September 24, 2019, unpaid interest of $15,000 was due. During the years ended June 30, 2020 and 2019, interest expenses of $4,955 and $19,168 was recorded, respectively. According to general and mutual release agreement, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt. (v) On September 24, 2019, the company issued a $50,000 Promissory Note in exchange of settlement loan agreement of February 06, 2018 with another lender for replacing $50,000 proceeds. The principal of $50,000 is due on June 30, 2020, and bears interest at 10% per annum. As of September 24, 2019, unpaid interest of $8,164 was due and transferred to a new lender. During the year ended June 30, 2020, the Company repaid $45,000 of principal note payable and $5,000 of interest payable. During the year ended June 30, 2020, interest expenses of $846 was recorded. As of June 30, 2020, unpaid principal note of $5,000 and interest of $4,011 was due. The Company did not reach an agreement with note holder for new maturity date and as of June 30, 2020, the note is in default.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Jun. 30, 2020
RELATED PARTY TRANSACTIONS
NOTE 6 - RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS (i) On September 19, 2017 the company issued a 10% Promissory Note in exchange for receiving $350,000 from Kruse Farms, LP., a Company owned by one of the Company’s principle owners, to fund the production of a motion picture. The principal of $350,000 is due in twenty-four (24) months from receipt of the funds. On September 24, 2019, the Company and the lender have extended the maturity date to June 30, 2020. During the year ended June 30, 2020, the Company paid the principal note of $290,000. During the years ended June 30, 2020, and 2019, interest expense of $33,720 and $34910 was recorded, respectively. As of June 30, 2020, and 2019, interest payable of $65,953 and $62,142 was due, respectively. As of June 30, 2020 and 2019, the principal balance of note was $60,000 and $350,000, respectively. The Company did not reach an agreement with note holder for new maturity date and as of June 30, 2020, the note is in default. (ii) On February 26, 2018, the Company issued a note receivable to its Chief Creative officer of $10,000 and an additional $10,000 on March 28, 2018. Amounts are unsecured, non-interest bearing and due on demand, with no fixed terms of repayment. As of June 30, 2020 and 2019, the Company had recorded a note receivable from this individual of $20,000 and $20,000, respectively. (iii) On September 24, 2019, the company issued a $50,000 Promissory Note to the Company’s Chief Executive Officer in exchange of settlement loan agreement of February 06, 2018 with another lender for replacing $50,000 proceeds. The principal of $50,000 is due on June 30, 2020, and bears interest at 10% per annum. As of September 24, 2019, unpaid interest of $8,164 was due and transferred to lender. During the year ended June 30, 2020, $3,836 interest expenses was recorded. As of June 30, 2020, unpaid principal and interest of $50,000 and $12,000 was due, respectively. The Company did not reach an agreement with note holder for new maturity date and as of June 30, 2020, the note is in default. (iv) During the year ended June 30, 2020, the Company repaid $12,000 to an individual related to the Company’s Chief Executive Officer from a previous advance to the Company. As of June 30, 2020 and 2019, the balance of the amount due was $0 and $12,000 respectively. The note was due on demand and non-interest bearing. (v) During the years ended June 30, 2020, and 2019, the Company paid $0 and $27,500, respectively to the Chief Creative Officer for fees related to production and managing movie services. (vi) During the year ended June 30, 2020, the Company’s officer paid $500 operating expenses on behalf of the Company.

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Jun. 30, 2020
SHARE CAPITAL
NOTE 7 - SHARE CAPITAL	NOTE 7 – SHARE CAPITAL Common Stock The Company has 25,000,000 shares of common stock authorized with a par value of $0.001 per share. 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. On September 24, 2019, the Company issued 20,000 common shares at $0.001 par value for settlement of $15,000 interest payable of notes As of June 30, 2020, and 2019, there were 5,798,765 and 5,778,765 shares of common stock issued and outstanding, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2020
COMMITMENTS AND CONTINGENCIES
NOTE 8 - COMMITMENTS AND CONTINGENCIES	NOTE 8 – 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.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2020
INCOME TAXES
NOTE 9 - INCOME TAXES	NOTE 9 – 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. The provision for income taxes differs from the amounts which would be provided by applying the statutory federal income tax rate of 21% to the net loss before provision for income taxes for the following reasons: Years Ended June 30, 2020 2019 Federal Income Tax benefits (expenses) attributable to Current Operation $ 37,621 $ 74,380 Less: Valuation Allowance (37,621 ) (74,380 ) Net Provision for Federal Income Taxes $ - $ - Net deferred tax assets consist of the following components as of: June 30, June 30, 2020 2019 Deferred tax assets $ 337,957 $ 300,336 Less: valuation allowance (337,957 ) (300,336 ) Deferred tax assets, net $ - $ - At June 30, 2020, the Company had $1,609,321 of the U.S. net operating losses (the “U.S. NOLs”), which begin to expire beginning in 2037. NOLs generated in tax years prior to June 30, 2018, can be carryforward for twenty years, whereas NOLs generated after June 30, 2019 can be carryforward indefinitely

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Jun. 30, 2020
SUBSEQUENT EVENTS
NOTE 10 - SUBSEQUENT EVENTS	NOTE 10 – SUBSEQUENT EVENTS (i) Subsequent to June 30, 2020, on March 10, 2021, the Company’s Chief Creative Officer repaid the note receivable described in note 6(ii). (ii) Subsequent to June 30, 2020, on April 7, 2021, The Company repaid the $50,000 principal balance to the holder of the promissory note described in note 6(ii). (iii) Subsequent to June 30, 2020, the Company’s Chief Executive Officer provided the Company with a series of advances to the Company with a cumulative total of $98,423. On July 12, 2021, the Company repaid $83,299 of the advances, resulting in a remaining balance payable of $15,124. Amounts payable are unsecured, non-interest bearing and due on demand. (iv) Subsequent to June 30, 2020, on August 12, 2021, the holder of the promissory note described in note 5(i), waved all remaining interest owing.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Consolidation	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Team Sports Superstore (Inactive), Almost Never Films Inc. (Indiana), FWIL, LLC (Indiana), Virginia Christmas, LLC (New York), Christmas Camp, LLC (New York), and Country Christmas, LLC (Ohio). Its 90% owned subsidiaries are One HLWD KY LLC (Kentucky), Two HLWD KY LLC (Kentucky) and Three HLWD KY (Kentucky), LLC. All significant intercompany transactions and balances have been eliminated in consolidation. The Company dissolved FWIL, LLC on September 16, 2019 and Country Christmas, LLC (CXA) on October 5, 2019.
Basis of Presentation	The accompanying audited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”).
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.
Concentration of Risk	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. The Company’s accounts receivable from customers individually accounting for more than 10% of total accounts receivable are as follows: June 30, June 30, 2020 2019 Accounts receivable – Pure Flix $ - $ 583,333 The Company’s revenue from customers individually accounting for more than 10% of total revenue are as follows: Years Ended June 30, 2020 2019 MVE Productions $ 343,256 $ 2,526,346
Film Costs, Net	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 June 30, 2020, the balance reported for cash and accounts receivable approximates its 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. Promissory notes receivable, loan receivable and promissory notes 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	In May 2014, the FASB issued new accounting guidance related to revenue from contracts with customers. The core principle of the Standard is that recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the new guidance requires that companies disclose the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. The Company has chosen to early adopt and apply the standards beginning in the fiscal year ended June 30, 2018 , 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 the Company satisfies 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. For the current contracts in place, the Company has identified performance obligations as one single event, the sign-off by both parties that production is completed and the product (film) is ready for distribution. 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 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. The Company derives its revenues from the follows: · Production Service Agreement Revenue is related to films where the Company has been engaged as an independent contractor to provide production services and other elements related to production for individual film projects. · Revenue from self-produced films is related to films where the Company has self-produced certain films along with a third party, with the expectation that these films will be distributed in the future. The Company analyses whether gross sales, or net sales should be recorded, 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.
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 years ended June 30, 2020, and 2019, as there are no potential shares outstanding that would have a dilutive effect.
Recently Issued Accounting Pronouncements	In March 2019, the FASB issued new guidance on film production costs ASU 2019-02, Entertainment Films- Other Assets – Film Costs (Subtopic 926-20). In March 2019, the FASB issued ASU No. 2019-02, Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters Intangibles-Goodwill and Other (Subtopic 920-350). The update aligns the accounting for production costs of an episodic television series with the accounting for production costs of films by removing the content distinction for capitalization. The amendments also require that an entity reassess estimates of the use of a film in a film group and account for any changes prospectively. The amendments in this update require that an entity test a film or license agreement for program material within the scope of Subtopic 920-350 for impairment at a film group level when the film or license agreement is predominantly monetized with other films and/or license agreements. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019 (for the year ended June 30, 2021 for the Company), and interim periods within those fiscal years. The Company is currently evaluating the impact of the new guidance on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). Under this guidance, lessees will be required to recognize on the balance sheet a lease liability and a right-of-use asset for all leases, with the exception of short-term leases. The lease liability represents the lessee s obligation to make lease payments arising from a lease and will be measured as the present value of the lease payments. The right-of-use asset represents the lessee’s right to use a specified asset for the lease term, and will be measured at the lease liability amount, adjusted for lease prepayment, lease incentives received and the lessee s initial direct costs. The standard also requires a lessee to recognize a single lease cost allocated over the lease term, generally on a straight-line basis. The new guidance is effective for fiscal years beginning after December 15, 2018. ASU 2016-02 is required to be applied using the modified retrospective approach for all leases existing as of the effective date and provides for certain practical expedients. Early adoption is permitted. The Company does not have any leases and does not have any material impact related to the new guidance. 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.
COVID-19	In early 2020, the World Health Organization declared the rapidly spreading coronavirus disease (“COVID-19”) outbreak a pandemic. This pandemic has resulted in governments worldwide enacting emergency measures to combat the spread of the virus. The Company considered the impact of COVID-19 on the assumptions and estimates used and determined that there were no retroactive material adverse impacts on the Company’s results of operations and financial position at June 30, 2020. The full extent of the future impacts of COVID-19 on the Company’s operations is uncertain. A prolonged outbreak could have a material adverse impact on financial results and business operations of the Company in the future. The Company is not may
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 year ended June 30, 2020, the Company incurred a net loss of $313,062. As of June 30, 2020, the Company had a working capital deficiency of $254,369 and an accumulated deficit of $2,068,521. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Jun. 30, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Schedule of revenue from customers	Years Ended June 30, 2020 2019 MVE Productions $ 343,256 $ 2,526,346
Schedule of accounts receivable and revenue from customer individually accounts for more than 10% of total receivable and total revenue	June 30, June 30, 2020 2019 Accounts receivable – Pure Flix $ - $ 583,333

FILM COSTS, NET (Tables)

FILM COSTS, NET (Tables)	12 Months Ended
	Jun. 30, 2020
FILM COSTS, NET
Schedule of film costs	June 30, June 30, 2020 2019 Independent Self-Produced Film Costs, Net $ 85,496 $ 85,475 Capitalized Film Costs covered under Production Service Agreements, Net $ - $ 343,256 Total Film Costs, Net $ 85,496 $ 428,731

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2020
INCOME TAXES
Schedule of net loss before provision for income taxes	Years Ended June 30, 2020 2019 Federal Income Tax benefits (expenses) attributable to Current Operation $ 37,621 $ 74,380 Less: Valuation Allowance (37,621 ) (74,380 ) Net Provision for Federal Income Taxes $ - $ -
Schedule of Net deferred tax assets	June 30, June 30, 2020 2019 Deferred tax assets $ 337,957 $ 300,336 Less: valuation allowance (337,957 ) (300,336 ) Deferred tax assets, net $ - $ -

ORGANIZATION, OPERATIONS AND BA

ORGANIZATION, OPERATIONS AND BASIS OF ACCOUNTING (Details Narrative) - USD ($)	Aug. 09, 2017	Jan. 15, 2016	Jun. 30, 2020	Feb. 29, 2016
Budget amount			$ 35,000,000
Assets acquired		$ 6,566
Liabilities assumed		$ 598,869
Common stock, shares authoriziation		2,500,000		5,000,000
Description of common stock reverse stock split	1-for-40
Exchange Agreement [Member]
Series A convertible preferred stock issued		1,000,000
Common stock exchange shares		$ 2,500,000

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Accounts receivable - Pureflix	$ 0	$ 583,333

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
MVE Productions	$ 343,256	$ 2,526,346

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Net loss from operation	$ (313,062)
Working capital deficit	(254,369)
FDIC insurance coverage limit	250,000
Accumulated deficit	$ (2,068,521)	$ (1,755,486)

FILM COSTS, NET (Details)

FILM COSTS, NET (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
FILM COSTS, NET
Independent Self-Produced Film Costs, Net	$ 85,496	$ 85,475
Capitalized Film Costs covered under Production Service Agreements, Net	0	343,256
Total Film Costs, Net	$ 85,496	$ 428,731

FILM COSTS, NET (Details Narrat

FILM COSTS, NET (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
FILM COSTS, NET
Capitalized film costs expensed as cost of revenues	$ 343,256	$ 2,483,448

DEFERRED FILM REVENUE (Details

DEFERRED FILM REVENUE (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
DEFERRED FILM REVENUE
Revenues	$ 343,256	$ 2,526,346

PROMISSORY NOTES PAYABLE (Detai

PROMISSORY NOTES PAYABLE (Details Narrative) - USD ($)	Feb. 07, 2018	Feb. 06, 2018	Jan. 04, 2018	Oct. 11, 2017	Sep. 24, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest expense						$ 59,807	$ 105,939
Promissory note payable						82,797	230,000
Two new lender [Member]
Interest payable					$ 16,328
Interest expense						2,521	15,271
Promissory Note [Member]
Interest payable						9,797	8,000
Interest expense						7,999	12,805
Promissory note				$ 150,000
Unpaid principle						5,000	4,011
Promissory note interest payable	$ 15,000						15,000
Repayment of notes payable	$ 150,000					50,000	100,000
Recorded interest over term of loan				15,000
Percentage of accrued interest	10	10	10
Promissory note payable	$ 150,000	$ 100,000	$ 80,000	150,000		50,000
Proceeds from issuance of promissory note payable	150,000	100,000	$ 80,000	$ 150,000
Promissory Note [Member] | Chief Executive Officer [Member]
Interest payable					8,164	12,000
Promissory note		50,000			50,000	50,000
Promissory Note One [Member]
Interest expense						$ 4,767	23,263
October 11, 2017 [Member]
Interest rate description						Due to change of maturity date of the loan agreement to June 30, 2020, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt.
January 4, 2018 [Member]
Repayment of notes payable						$ 2,203	0
Principal note payable						$ 77,797	80,000
Interest rate description						Due to change of maturity date of the loan agreement to June 30, 2020, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of changing recognized as of gain on gain on modification of debt.
February 6, 2018 [Member]
Interest payable						$ 0	19,216
Promissory note		$ 100,000
Interest rate description						According to amendment agreement, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt.
February 7, 2018 [Member]
Promissory note	$ 150,000
Interest rate description						According to general and mutual release agreement, the default interest at 22% recorded in the previous, adjusted to 10% and the effect of change recognized as of gain on modification of debt.
Settlement Loan Agreement [Member]
Interest payable					$ 8,164
Interest expense						$ 846
Promissory note interest payable						5,000
Repayment of notes payable						45,000
Percentage of accrued interest					10
Promissory note payable					$ 50,000	50,000
Proceeds from issuance of promissory note payable					50,000
Settlement Loan Agreement [Member] | September 24, 2019 [Member]
Interest payable					15,000	12,726	17,509
Interest expense						4,955	$ 19,168
Promissory note					$ 80,000	$ 50,000
Number of shares issued for conversion of debt					20,000
Value of stock issued for conversion of stock					$ 15,000
Amendment Agreement [Member] | Lender [Member]
Principal note payable					$ 80,000
Maturity date					June 30, 2020

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Sep. 24, 2019	Sep. 19, 2017	Jun. 30, 2020	Jun. 30, 2019	Feb. 26, 2018	Feb. 06, 2018	Oct. 11, 2017
Operating expenses to related party			$ 500
Advanced loan to employee			12,000
Chief Creative Officer [Member]
Production and managing movie services fees			0	$ 27,500
Promissory Note [Member]
Promissory note							$ 150,000
Accured interest			9,797	8,000
Chief Executive Officer [Member] | Promissory Note [Member]
Promissory note	$ 50,000		50,000			$ 50,000
Proceeds fro issuance of promissory note	50,000
Accured interest	$ 8,164		12,000
Percentage of promissory note	10
Interest expense			3,836
Note receivable			20,000	20,000	$ 10,000
Additional amount					$ 10,000
Remaining balance			0	12,000
Kruse Farm [Member] | Notes Payable, Other Payables [Member]
Promissory note		$ 350,000	60,000	350,000
Proceeds fro issuance of promissory note		$ 350,000	290,000
Accured interest			65,953	62,142
Interest expense			$ 33,720	$ 34,910
Percentage of notes payable		10

SHARE CAPITAL (Details Narrativ

SHARE CAPITAL (Details Narrative) - USD ($)	1 Months Ended
	Sep. 24, 2019	Oct. 17, 2018	Jun. 30, 2020	Jun. 30, 2019
Shares issued price per share (in dollars per share)	$ 0.001
Common stock share issued			5,798,765	5,778,765
Common stock share outstanding			5,798,765	5,778,765
Common stock share authorized			25,000,000	25,000,000
Common stock par value			$ 0.001	$ 0.001
Common stock issued for settlement interest payable of notes	$ 15,000
Common stock issued for settlement interest payable of notes (in shares)	20,000
Second Individual [Member]
Shares issued price per share (in dollars per share)		$ 0.50
Common shares issued for consulting services (in shares)		250,000
Amount of common shares issued for consulting services		$ 125,000
First Individual [Member]
Shares issued price per share (in dollars per share)		$ 0.50
Common shares issued for consulting services (in shares)		200,000
Amount of common shares issued for consulting services		$ 100,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Federal Income Tax benefits (expenses) attributable to Current Operation
Federal Income Tax benefits (expenses) attributable to Current Operation	$ 37,621	$ 74,380
Less: Valuation Allowance	(37,621)	(74,380)
Net Provision for Federal Income Taxes	$ 0	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	Jun. 30, 2020	Jun. 30, 2019
Deferred tax assets, generated from net operating loss at statutory rates
Deferred tax assets	$ 337,957	$ 300,336
Less: Valuation Allowance	(337,957)	(300,336)
Deferred tax assets, net	$ 0	$ 0

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Jun. 30, 2020USD ($)
INCOME TAXES
Net operating loss carry forwards	$ 1,609,321
NOL expiration description	net operating losses (the “U.S. NOLs”), which begin to expire beginning in 2037.
Statutory federal income tax rate	21
Federal corporate income tax rate	21.00%

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended
	Apr. 07, 2021	Jul. 12, 2021	Jun. 30, 2020
Chief Executive Officer [Member]
Remaining balance payable		$ 15,124
Cumulative amount, total			$ 98,423
Advances repaid		$ 83,299
Promissory Note 6 (i) [Member] | Subsequent Event [Member]
Repayment of promissory note	$ 50,000