Almost Never Films (HLWD) 10-Q 19 Nov 21 2022 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Sep. 30, 2021	Nov. 15, 2021
Cover [Abstract]
Entity Registrant Name	ALMOST NEVER FILMS INC.
Entity Central Index Key	0001422768
Document Type	10-Q
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2021
Entity Filer Category	Non-accelerated Filer
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2022
Entity Common Stock Shares Outstanding		5,798,765
Document Quarterly Report	true
Entity Interactive Data Current	No
Document Transition Report	false
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, $.001 par vale
Trading Symbol	HLWD

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Jun. 30, 2021
Current Assets
Cash and cash equivalents	$ 1,726	$ 138,482
Prepaid expenses and deposits	2,053	0
Total Current Assets	3,779	138,482
Film costs	85,496	85,496
TOTAL ASSETS	89,275	223,978
Current Liabilities
Accounts payable and accrued expenses	70,919	75,708
Due to related party	15,624	83,799
Interest payable	115,830	122,673
Deferred film revenue - related party	100,000	100,000
Promissory note payable	78,820	78,820
Promissory note payable - related party	60,000	60,000
Total Current Liabilities	441,193	521,000
TOTAL LIABILITIES	441,193	521,000
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 shares issued and outstanding respectively.	5,799	5,799
Additional paid in capital	1,895,486	1,895,486
Accumulated deficit	(2,251,254)	(2,196,358)
Total shareholders' deficit attributable to Almost Never Films Inc. shareholders	(349,969)	(295,073)
Non-controlling interest	(1,949)	(1,949)
Total shareholders' deficit	(351,918)	(297,022)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 89,275	$ 223,978

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Jun. 30, 2021
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	5,798,765
Common stock, shares outstanding	5,798,765	5,798,765
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

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Operations and Comprehensive Loss
Revenues	$ 0	$ 0
Cost of Revenues	0	0
Gross Profit	0	0
Operating Expenses
General and administration expenses	15,849	20,977
Professional fees	45,829	21,000
Total operating expenses	61,678	41,977
Loss from operations	(61,678)	(41,977)
Other (Expense) Income
Interest expense	(5,944)	(8,890)
Gain on interest payable waived	12,726	0
Total other income (expense)	6,782	(8,890)
Net loss before income taxes	(54,896)	(50,867)
Provision for income taxes	0	0
Net loss	(54,896)	(50,867)
Net loss attributable to:
Almost Never Films Inc.	(54,896)	(50,555)
Non-controlling interest	0	(312)
Comprehensive Loss	$ (54,896)	$ (50,867)
Net Loss per share attributable to Common stockholders of the Company -Basic and Diluted	$ (0.01)	$ (0.01)
Weighted Average Common Shares Outstanding - Basic and Diluted	5,798,765	5,798,765

Condensed Consolidated Statem_2

Condensed 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, 2020		5,798,765
Balance, amount at Jun. 30, 2020	$ (168,873)	$ 5,799	$ 1,895,486	$ (2,068,521)	$ (1,637)
Net profit/loss	(50,867)	$ 0	0	(50,555)	(312)
Balance, shares at Sep. 30, 2020		5,798,765
Balance, amount at Sep. 30, 2020	(219,740)	$ 5,799	1,895,486	(2,119,076)	(1,949)
Balance, shares at Jun. 30, 2021		5,798,765
Balance, amount at Jun. 30, 2021	(297,022)	$ 5,799	1,895,486	(2,196,358)	(1,949)
Net profit/loss	(54,896)	$ 0	0	(54,896)	0
Balance, shares at Sep. 30, 2021		5,798,765
Balance, amount at Sep. 30, 2021	$ (351,918)	$ 5,799	$ 1,895,486	$ (2,251,254)	$ (1,949)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities:
Net loss	$ (54,896)	$ (50,867)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on interest payable waived	(12,726)	0
Accrued interest on promissory notes payable	5,883	8,881
Changes in operating assets and liabilities:
Prepaid expenses and deposits	(2,053)	0
Accounts payable and accrued expenses	(4,789)	2,950
Interest paid on promissory notes payable	0	(6,023)
Net Cash used in Operating Activities	(68,581)	(45,059)
Cash Flows from Investing Activities:
Net Cash Provided by Investing Activities	0	0
Cash Flows from Financing Activities:
Borrowing from related party	15,124	0
Repayment of note payable	0	(3,977)
Repayment of related party advances	(83,299)	0
Net Cash Provided used in Financing Activities	(68,175)	(3,977)
Net decrease in cash and cash equivalents	(136,756)	(49,036)
Cash and Cash Equivalents, beginning of period	138,482	80,510
Cash and Cash Equivalents, end of period	1,726	31,474
Supplemental Disclosure Information:
Cash paid for interest	61	6,023
Cash paid for income taxes	$ 0	$ 0

ORGANIZATION AND OPERATIONS

ORGANIZATION AND OPERATIONS	3 Months Ended
	Sep. 30, 2021
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.” 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. In March 2016, the Company increased the authorized capital to 5,000,000 shares of common stock and changed the name of the Company to “Almost Never Films Inc.” upon the approval from stockholders of the company. 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	3 Months Ended
	Sep. 30, 2021
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 unaudited 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”). Accordingly, these condensed financial statements do not include all 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 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. Film Costs, Net The Company records film costs in accordance with ASC – 926 - Entertainment – Films 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 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. Recently Issued Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements. 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 condensed 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, 2021, the Company incurred a net loss of $54,896. As of September 30, 2021, the Company had a working capital deficiency of $437,414 and an accumulated deficit of $2,251,254. 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. However, there is no assurance that the Company will be successful in this or any of its endeavors or become financially viable to continue as a going concern.

FILM COSTS

FILM COSTS	3 Months Ended
	Sep. 30, 2021
FILM COSTS
NOTE 3 - FILM COSTS	NOTE 3 – FILM COSTS Film costs are comprised of the following: September 30, June 30, 2021 2021 Independent Self-Produced Film Costs $ 85,496 $ 85,496 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.

DEFERRED FILM REVENUE

DEFERRED FILM REVENUE	3 Months Ended
	Sep. 30, 2021
DEFERRED FILM REVENUE
NOTE 4 - DEFERRED FILM REVENUE	NOTE 4 – DEFERRED FILM REVENUE During the year ended June 30, 2021, the Company entered into an agreement with Harley Commodity Co. (“Harley”), a related party (see Note 6), to provide certain development services in connection with a future motion picture project. As of September 30, 2021, the $100,000 from Harley, was recorded as deferred film revenue – related party as development at such date had not yet been completed.

PROMISSORY NOTES PAYABLE

PROMISSORY NOTES PAYABLE	3 Months Ended
	Sep. 30, 2021
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. The $50,000 principal note was paid off on June 12, 2020, and interest expense of $4,767 was recorded for the year ended June 30, 2020. 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. On August 12, 2021, the outstanding interest payable was fully waived by the lender in the amount of $12,726, which was recorded as a gain on modification of debt during the three months ended September 30, 2021. As of September 30, 2021 and June 30, 2021, interest payable was $nil and $12,726, 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. The note is in default currently and accrues interest at 22% per annum. For the three months ended September 30, 2021, and 2020, interest expense of $4,093 and $4,318 were recorded, respectively. As of September 30, 2021 and June 30, 2021 interest payable were $16,507 and $12,414, respectively with the outstanding principal amount of $73,820 and $73,820, respectively. During the three months ended September 30, 2021 and 2020, the Company repaid principal of $nil and $3,977, respectively, and interest of $nil and $6,023 respectively. (iii) On September 24, 2019, the company issued a $50,000 Promissory Note in exchange of settlement loan agreement of February 6, 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. 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. As of September 24, 2019, unpaid interest of $8,164 was due and transferred to a new lender. During the three months ended September 30, 2021 and 2020, interest expenses of $277 and $277, respectively was recorded. As of September 30, 2021 and June 30, 2021, unpaid principal was $5,000 and $5,000, respectively and accrued interest payable of $5,388 and $5,111, respectively.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Sep. 30, 2021
RELATED PARTY TRANSACTIONS
NOTE 6 - RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS (i) During the year ended June 30, 2021, the Company’s CEO provided the Company with a series of advances, totaling $83,799. During the three months ended September 30, 2021, the Company’s CEO provided additional advances to the Company with a cumulative total of $15,124, after the Company repaid $83,299 back to the Company’s CEO, resulting in a remaining payable as of September 30, 2021 and June 30, 2021 of $15,124 and $83,799, respectively. The funds are unsecured, non-interest bearing and due on demand. (ii) 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. The note is in default currently. During the three months ended September 30, 2021 and 2020, the Company recorded interest expense of $1,512 and $1,512, respectively. As of September 30, 2021 and June 30, 2021, the principal balances of note were $60,000 and $60,000, respectively, with interest payable of $73,465 and $71,953 outstanding. (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 6, 2018 with another lender for $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. The note is currently in default. As of September 30, 2021 and June 30, 2021, unpaid principal totaled nil and nil, respectively with accrued interest of $20,468 and $20,468, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2021
COMMITMENTS AND CONTINGENCIES
NOTE 7 - COMMITMENTS AND CONTINGENCIES	NOTE 7 – 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.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Sep. 30, 2021
SUBSEQUENT EVENTS
NOTE 9 - SUBSEQUENT EVENTS	NOTE 8 – SUBSEQUENT EVENTS The Company has evaluated all subsequent events through the date these consolidated financial statements were issued and determined that there were no subsequent events or transactions that require recognition or disclosures in these condensed consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Sep. 30, 2021
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 unaudited 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”). Accordingly, these condensed financial statements do not include all 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 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.
Film Costs, Net	The Company records film costs in accordance with ASC – 926 - Entertainment – Films
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 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.
Recently Issued Accounting Pronouncements	Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.
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 condensed 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, 2021, the Company incurred a net loss of $54,896. As of September 30, 2021, the Company had a working capital deficiency of $437,414 and an accumulated deficit of $2,251,254. 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. However, there is no assurance that the Company will be successful in this or any of its endeavors or become financially viable to continue as a going concern.

FILM COSTS (Tables)

FILM COSTS (Tables)	3 Months Ended
	Sep. 30, 2020
FILM COSTS
Schedule of film costs	September 30, June 30, 2021 2021 Independent Self-Produced Film Costs $ 85,496 $ 85,496

ORGANIZATION AND OPERATIONS (De

ORGANIZATION AND OPERATIONS (Details Narrative) - USD ($) $ in Millions	Aug. 09, 2017	Jan. 15, 2016	Sep. 30, 2021	Feb. 29, 2016
Budget amount			$ 35
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

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2021	Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Net loss from operation	$ 54,896
Working capital deficit	437,414
Accumulated deficit	$ (2,251,254)	$ (2,196,358)

FILM COSTS (Details)

FILM COSTS (Details) - USD ($)	Sep. 30, 2021	Jun. 30, 2021
FILM COSTS
Independent Self-Produced Film Costs, Net	$ 85,496	$ 85,496

FILM COSTS (Details Narrative)

FILM COSTS (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
FILM COSTS
Capitalized film costs expensed as cost of revenues	$ 0	$ 0

DEFERRED FILM REVENUE (Details

DEFERRED FILM REVENUE (Details Narrative)	3 Months Ended
	Sep. 30, 2021USD ($)
Harley [Member]
Related party advances	$ 100,000

PROMISSORY NOTES PAYABLE (Detai

PROMISSORY NOTES PAYABLE (Details Narrative) - USD ($)	Jan. 04, 2018	Oct. 11, 2017	Sep. 24, 2019	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Aug. 12, 2021	Jun. 30, 2020
Interest payable				$ 115,830		$ 122,673
Interest expense				5,944	$ 8,890
Promissory note payable				78,820		78,820
Promissory note interest payable				5,883	8,881
Two new lender [Member]
Outstanding principal balance						50,000
Promissory Note [Member]
Interest payable				0		1	$ 12,726
Promissory note		$ 150,000
Recorded interest over term of loan		15,000
Percentage of accrued interest	10
Promissory note payable	$ 80,000	150,000		80,000
Proceeds from issuance of promissory note payable	$ 80,000	$ 150,000
Promissory Note [Member] | Chief Executive Officer [Member]
Interest payable			$ 8,164
Promissory note			$ 50,000			50,000		$ 50,000
October 11, 2017 [Member]
Interest payable				$ 0		12,726
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]
Interest payable				$ 16,507		12,414
Interest expense				$ 4,093	4,318
Interest rate description				The note is in default currently and accrues interest at 22% per annum.
Principal note payable				$ 73,820		73,820
Repayment of notes payable				0	3,977
Promissory note interest payable				0	6,023
Settlement Loan Agreement [Member]
Interest expense						4,767
Percentage of accrued interest			10
Promissory note payable			$ 50,000
Proceeds from issuance of promissory note payable			50,000
Settlement Loan Agreement [Member] | September 24, 2019 [Member]
Interest payable				5,388		5,111
Interest expense				277	$ 277
Unpaid principle				$ 5,000		$ 5,000
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		3 Months Ended		12 Months Ended
	Sep. 24, 2019	Sep. 19, 2017	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net loss			$ (54,896)	$ (50,867)
Kruse Farm [Member] | Notes Payable, Other Payables [Member]
Promissory note		$ 350,000	60,000		$ 60,000
Accured interest			73,465		71,953
Notes Payable		$ 350,000
Interest expense			1,512	$ 1,512
Percentage of notes payable		10
Promissory Note [Member] | Chief Executive Officer [Member]
Promissory note	$ 50,000				50,000	$ 50,000
Advance from related party					83,799
Repayment of advances from related party			83,299
Remaining balance payable			15,124		83,799
Net loss			15,124
Accured interest	8,164		20,468		20,468
Unpaid principle amount			$ 0		$ 0
Proceeds from issuance of promissory note	$ 50,000
Percentage of promissory note	10