Goliath Film and Media (GFMH) 10-Q 15 Mar 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2021	Mar. 09, 2021
Cover [Abstract]
Entity Registrant Name	Goliath Film & Media Holdings
Entity Central Index Key	0000820771
Document Type	10-Q
Document Period End Date	Jan. 31, 2021
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		138,964,917
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2021	Apr. 30, 2020
Current assets
Cash	$ 38,448	$ 155
Deposits	299	299
Total current assets	38,747	454
Total assets	38,747	454
Current liabilities
Accounts payable and accrued expenses	14,714	16,527
Accounts payable - related party	96,910	67,350
Total current liabilities	111,624	83,877
Total liabilities	111,624	83,877
Commitments and contingencies
Stockholders' deficit
Preferred stock, $0.001 par value, 1,000,000 shares authorized; no shares issued and outstanding at January 31, 2021 and April 30, 2020, respectively
Common stock, $0.001 par value, 300,000,000 shares authorized; 138,964,917 and 138,964,917 shares issued and outstanding, at January 31, 2021 and April 30, 2020, respectively	138,966	138,966
Additional paid in capital	451,500	451,500
Common stock to be issued	381,532	381,532
Accumulated deficit	(1,044,875)	(1,055,421)
Total stockholders' deficit	(72,877)	(83,423)
Total liabilities and stockholders' deficit	$ 38,747	$ 454

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2021	Apr. 30, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	138,964,917	138,964,917
Common stock, shares outstanding	138,964,917	138,964,917

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Income Statement [Abstract]
Film production revenues	$ 38,366	$ 3,361	$ 38,366	$ 13,954
Cost of sales
Gross profit	38,366	3,361	38,366	13,954
Operating expenses
General and administrative	4,706	3,380	27,820	28,674
Total operating expenses	4,706	3,380	27,820	14,720
Income (loss) from operations	33,660	(19)	10,546	(14,720)
Income (loss) before income tax	33,660	(19)	10,546	(14,720)
Provision for income taxes
Net income (loss)	$ 33,660	$ (19)	$ 10,546	$ (14,720)
Net income (loss) per share of common stock:
Basic	$ 0	$ 0	$ 0	$ 0
Diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding
Basic	138,964,917	138,964,917	138,964,917	138,964,917
Diluted	138,964,917	138,964,917	138,964,917	138,964,917

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Deficit (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid in Capital [Member]	Common Stock to be Issued [Member]	Accumulated Deficit [Member]	Total
Balance beginning at Apr. 30, 2019	$ 138,966	$ 451,500	$ 381,532	$ (1,024,750)	$ (52,752)
Balance beginning, shares at Apr. 30, 2019	138,964,917
Net profit/loss				(14,720)	(14,720)
Balance ending at Jan. 31, 2020	$ 138,966	451,500	381,532	(1,039,470)	(67,472)
Balance ending, shares at Jan. 31, 2020	138,964,917
Balance beginning at Oct. 31, 2019	$ 138,966	451,500	378,532	(1,039,451)	(67,453)
Balance beginning, shares at Oct. 31, 2019	138,964,917
Net profit/loss				(19)	(19)
Balance ending at Jan. 31, 2020	$ 138,966	451,500	381,532	(1,039,470)	(67,472)
Balance ending, shares at Jan. 31, 2020	138,964,917
Balance beginning at Apr. 30, 2020	$ 138,966	451,500	381,532	(1,055,421)	(83,423)
Balance beginning, shares at Apr. 30, 2020	138,964,917
Net profit/loss				10,546	10,546
Balance ending at Jan. 31, 2021	$ 138,966	451,500	378,442	(1,044,875)	(72,877)
Balance ending, shares at Jan. 31, 2021	138,964,917
Balance beginning at Oct. 31, 2020	$ 138,966	451,500	381,532	(1,078,535)	(106,537)
Balance beginning, shares at Oct. 31, 2020	138,964,917
Net profit/loss				33,660	33,660
Balance ending at Jan. 31, 2021	$ 138,966	$ 451,500	$ 378,442	$ (1,044,875)	$ (72,877)
Balance ending, shares at Jan. 31, 2021	138,964,917

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020
Cash flows from operating activities
Net income (loss)	$ 10,546	$ (14,720)
Adjustments to reconcile income (loss) to net cash provided by (used in) operating activities:
Expenses paid on behalf of company - related party	25,556	19,602
Changes in operating assets and liabilities:
Accounts payable and accrued expenses	2,191	(5,506)
Net cash provided by (used in) operating activities	38,293	(624)
Cash flows from investing activities
Net cash provided by investing activities
Cash flows from financing activities
Net cash used in financing activities
Net change in cash and cash equivalent	38,293	(624)
Cash and cash equivalent at beginning of period	155	822
Cash and cash equivalent at end of period	38,448	198
Non-cash investing and financing activities:
Accounts payable paid by related party	4,004
Supplemental Disclosure of cash flow Information:
Cash paid for interest
Cash paid for taxes

Condensed Financial Statements

Condensed Financial Statements	9 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Financial Statements	NOTE 1 – CONDENSED FINANCIAL STATEMENTS The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results and operations and cash flows at January 31, 2021 and for all periods presented herein, have been made. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s April 30, 2020 and 2019 audited financial statements filed on Form 10K on August 13, 2020. The results of operations for the periods ended January 31, 2021 and 2020 are not necessarily indicative of the operating results for the full years.

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	NOTE 2 NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES On October 31, 2011 (the “Closing Date”), China Advanced Technology (an entity formed on February 16, 2010 in the State of Nevada) acquired Goliath Film and Media International, a California corporation, by issuing 47,000,000 shares of its Common Stock, constituting 70.1% of the outstanding shares after giving effect to their issuance and the cancellation of 15,619,816 shares held by China Advanced Technology’s prior control person. Immediately following the Closing, 67,100,000 shares were issued and outstanding. On the Closing Date, the name of China Advanced Technology was changed to Goliath Film and Media Holdings (“Goliath” or “the Company”). All share numbers herein have been adjusted for an eight-for-1 forward stock split affected as of the Closing Date. The forward stock split was reflected in the trading market on February 13, 2012. The transaction was accounted for as a reverse acquisition in which Goliath Film and Media International is deemed to be the accounting acquirer, and the prior operations of Goliath (formerly China Advanced Technology) are consolidated for accounting purposes. Since Goliath had no operations, assets, or liabilities as of the Closing, no audit of that entity was required under the materiality thresholds of Regulation S-X Rule 8-04. Organization, Nature of Business and Trade Name The Company is engaged in the production and distribution of motion pictures and television content. The Company has realized revenues from its planned principal business purpose however these revenues are declining with no additional revenues presently being anticipated. Principles of Consolidation The accompanying condensed consolidated financial statements includes the accounts of Goliath Film and Media Holdings and its subsidiary, Goliath Film and Media International (“Goliath” or “the Company”). All intercompany accounts and transactions have been eliminated. Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) all valid transactions are recorded and (3) transactions are recorded in the period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the company for the respective periods being presented. Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements’ estimates or assumptions could have a material impact on the Company’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. The Company’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented. Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. Accounts Receivable Accounts receivable, if any, are carried at the expected net realizable value. The allowance for doubtful accounts, when determined, will be based on management’s assessment of the collectability of specific customer accounts and the aging of the accounts receivable. If there were a deterioration of a major customer’s creditworthiness, or actual defaults were higher than historical experience, our estimates of the recoverability of the amounts due to us could be overstated, which could have a negative impact on operations. The Company currently does not have any accounts receivable. The above accounting policies will be adopted upon the Company carrying accounts receivable. Films and Television Costs The Company capitalizes production costs for films produced in accordance with ASC 926-20, “Entertainment-Films - Other Assets - Film Costs”. Accordingly, production costs are capitalized at actual cost and then charged against revenue quarterly as a cost of production based on the relative fair value of the film(s) delivered and recognized as revenue. The Company evaluates its capitalized production costs annually and limits recorded amounts by its ability to recover such costs through expected future sales. Revenue Recognition On January 1, 2018, the Company adopted Accounting Standards Codification ASC 606 (“ASC 606”), Revenue from Contracts with Customers, The Company generates all of its revenue from contracts with customers. The Company recognizes revenue when we satisfy a performance obligation by transferring control of the promised services to a customer in an amount that reflects the consideration that we expect to receive in exchange for those services. The Company determines revenue recognition through the following steps: 1. Identification of the contract, or contracts, with a customer. 2. Identification of the performance obligations in the contract. 3. Determination of the transaction price. 4. Allocation of the transaction price to the performance obligations in the contract 5. Recognition of revenue when, or as, we satisfy a performance obligation. At contract inception, the Company assesses the services promised in our contracts with customers and identifies a performance obligation for each promise to transfer to the customer a service (or bundle of services) that is distinct. To identify the performance obligations, the Company considers all of the services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. The Company allocates the transaction prices to the performance obligations. The Company provides for an allowance for doubtful accounts based on history and experience considering economic and industry trends. The Company does not have any off-Balance Sheet exposure related to its customers. The Company recognizes revenue when the distributor confirms to the Company that the film has been delivered to the distributor with all technical and document deliveries received, waived or deferred and the film has been entered into the distributor’s rights system. The Company evaluates whether it is appropriate to record the gross amount of product sales and related costs or the net amount earned as commissions. Generally, when the Company is primarily obligated in a transaction, are subject to inventory risk, have latitude in establishing prices and selecting suppliers, or have several but not all of these indicators, revenue is recorded at the gross sale price. The Company generally records the net amounts as commissions earned if we are not primarily obligated and do not have latitude in establishing prices. The Company records all revenue transactions net of fees paid to Mar Vista Entertainment, LLC (“Mar Vista”). We had revenues of $38,366 and $38,366, and $3,361 and $13,954 for the three and nine months ended January 31, 2021 and 2020, respectively. Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred. There was no advertising expense for the three months and nine months ended January 31, 2021 and 2020. Research and Development All research and development costs are expensed as incurred. There was no research and development expense for the three months and nine months ended January 31, 2021 and 2020. Income tax We account for income taxes under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 740, Income Taxes (“ASC 740”). Under ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Fair Value of Financial Instruments The Company follows the provisions of ASC 820. This Topic defines fair value, establishes a measurement framework and expands disclosures about fair value measurements. The Company uses fair value measurements for determining the valuation of derivative financial instruments payable in shares of its common stock. This primarily involves option pricing models that incorporate certain assumptions and projections to determine fair value. These require management’s judgment. Fair Value Measurements FASB ASC Topic 825, Financial Instruments Fair Value Measurements and Disclosures Various inputs are considered when determining the value of the Company’s investments and long-term debt. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. These inputs are summarized in the three broad levels listed below. ● Level 1 – observable market inputs that are unadjusted quoted prices for identical assets or liabilities in active markets. ● Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.). ● Level 3 – significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments). The Company’s adoption of FASB ASC Topic 825 did not have a material impact on the Company’s consolidated financial statements. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. The Company had no financial assets or liabilities carried and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. The Company had no financial assets and/or liabilities carried at fair value on a recurring basis at January 31, 2021, assets and liabilities approximate fair value due to their short term nature. The availability of inputs observable in the market varies from instrument to instrument and depends on a variety of factors including the type of instrument, whether the instrument is actively traded, and other characteristics particular to the transaction. For many financial instruments, pricing inputs are readily observable in the market, the valuation methodology used is widely accepted by market participants, and the valuation does not require significant management discretion. For other financial instruments, pricing inputs are less observable in the market and may require management judgment. Basic and diluted earnings per share Diluted earnings (loss) per share are computed on the basis of the weighted average number of common shares (including common stock subject to redemption) plus dilutive potential common shares outstanding for the reporting period. In periods where losses are reported, the weighted-average number of common stock outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. The total number of potential additional dilutive securities outstanding for the three months and nine months ended January 31, 2021 and 2020 was none. Concentrations, Risks, and Uncertainties The Company had one customer, Mar Vista Entertainment, that accounted for 100% of total revenue in the three and nine months ended January 31, 2021 and 2020, respectively. The Company had one supplier that accounted for 55% and 91% of total expenditures for the three months ended January 31, 2021 and 2020, respectively. There were two suppliers that accounted for 80% and 98% of total expenditures for the nine months ended January 31, 2021 and 2020, respectively. Stock Based Compensation In accordance with ASC No. 718, Compensation – Stock Compensation Equity Based Payments to Non-Employees Recently Enacted Accounting Standards The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

Common Stock

Common Stock	9 Months Ended
	Jan. 31, 2021
Equity [Abstract]
Common Stock	NOTE 3 – COMMON STOCK The Company has authorized 1,000,000 shares of preferred stock, $0.001 par value, with such rights, preferences and designation and to be issued in such series as determined by the Board of Directors. No shares of preferred stock are issued and outstanding at January 31, 2021 or 2020. The Company has authorized 300,000,000 shares of par value $0.001 common stock, of which 138,964,917 and 138,964,917 shares are outstanding at January 31, 2021 and April 30, 2020, respectively. No shares of common stock have been issued during the three and nine months ended January 31, 2021. As of January 31, 2021, the Company has not issued an aggregate of 38,153,269 common shares to three shareholders (a total of 32,153,269 to related parties and 6,000,000 to a third party). These shares are reflected in the above disclosures.

Going Concern

Going Concern	9 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	NOTE 4 - GOING CONCERN The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs, which raises substantial doubt about our ability to continue as a going concern for a period of one year from the issuance of these financial statements. Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern. During the next year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission. The Company may experience a cash shortfall and be required to raise additional capital. Historically, the Company has relied upon internally generated funds and funds from the sale of shares of stock to finance its operations and growth. Management may raise additional capital through future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon its and its shareholders. In the past year, the Company funded operations through contributions from officers and affiliates of the Company. For the coming year, the Company plans to continue to fund the Company through debt and securities sales and issuances, focus on a possible joint venture or merger until the company generates revenues through the operations of such merged company or joint venture as stated above.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jan. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 5 - RELATED PARTY TRANSACTIONS During the three months and nine months ended January 31, 2021 and 2020, the Company made no payments to C&R Films for film production costs and reimbursement of various expenses. C&R paid expenses totaling $597 and $12,591 and $0 and $1,422 in the three months and nine months ended January 31, 2021 and 2020, respectively, in operating expenses including rent, filing expenses, and accounting costs on behalf of the Company. C&R Films is controlled by Lamont Robert, CEO and acting CFO of the Company. The Company has a balance owed to C&R Films of $48,096 at January 31, 2021. During the three months and nine months ended January 31, 2021 and 2020, the Company made no payments to Dos Cabezas for film production costs and reimbursement of various expenses. Dos Cabezas paid expenses totaling $0 and $7,394 and $0 and $7,000 in the three months and nine months ended January 31, 2021 and 2020, respectively, in operating expenses including accounting costs on behalf of the Company. Dos Cabezas is controlled by Lamont Robert, CEO and acting CFO of the Company. The Company has a balance owed to Dos Cabezas of $14,394 at January 31, 2021. During three months and nine months ended January 31, 2021 and 2020, Kevin Frawley, an affiliate, paid expenses totaling $0 and $0 and $0 and $5,000, respectively, in operating expenses, including audit fees, on behalf of the Company. The Company has a balance owed to Mr. Frawley of $16,090 at January 31, 2021. During the three months and nine months ended January 31, 2021 and 2020, the Company made no payments to Mike Criscione, Director, for reimbursement of various expenses. During the three and nine months ended January 31, 2021 and 2020, Mr. Criscione expenses totaling $2,575 and $9,575 and $3,090 and $6,180, respectively, in operating expenses, including audit fees, on behalf of the Company. The Company has a balance owed to Mr. Criscione of $18,330 at January 31, 2021. Related party transactions have been disclosed in the other notes to these financial statements.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jan. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 6 – COMMITMENTS AND CONTINGENCIES Production Agreements On April, 1, 2015 Goliath signed an agreement whereby the Company agree to invest $15,000 to KKO Productions to produce a feature length film known as “Forgiven”. Per the agreement Goliath will receive 15% of adjusted gross proceeds after its initial investment has been entirely recouped through adjusted gross proceed. Additionally, the Company will receive two on screen credits as Executive Producer as well as receiving credit on all advertising, publicity and packaging of the film. The Company recorded an impairment of film production costs of $15,000 for the fiscal year ended April 30, 2018. Legal The Company is not a party to or otherwise involved in any legal proceedings. In the ordinary course of business, from time to time the Company may be involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon the Company’s financial condition and/or results of operations. However, in the opinion of management, other than as set forth herein, matters currently pending or threatened against the Company are not expected to have a material adverse effect on its financial position or results of operations. Fee Agreement In January 2019, the Company entered into an agreement with a third party whereby the Company would pay a 10% fee of any gross revenues as a result of any licensing agreements brought to the Company. The Company had no revenue from these sources.

Subsequent Events

Subsequent Events	9 Months Ended
	Jan. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	NOTE 7 – SUBSEQUENT EVENTS There were no events subsequent to January 31, 2021, and up to the date of this filing that would require disclosure.

Nature of Operations and Summ_2

Nature of Operations and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2021
Accounting Policies [Abstract]
Organization, Nature of Business and Trade Name	Organization, Nature of Business and Trade Name The Company is engaged in the production and distribution of motion pictures and television content. The Company has realized revenues from its planned principal business purpose however these revenues are declining with no additional revenues presently being anticipated.
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements includes the accounts of Goliath Film and Media Holdings and its subsidiary, Goliath Film and Media International (“Goliath” or “the Company”). All intercompany accounts and transactions have been eliminated.
Basis of Presentation	Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported period. Actual results could differ from those estimates. Management further acknowledges that it is solely responsible for adopting sound accounting practices, establishing and maintaining a system of internal accounting control and preventing and detecting fraud. The Company’s system of internal accounting control is designed to assure, among other items, that (1) recorded transactions are valid; (2) all valid transactions are recorded and (3) transactions are recorded in the period in a timely manner to produce financial statements which present fairly the financial condition, results of operations and cash flows of the company for the respective periods being presented.
Use of Estimates	Use of Estimates The preparation of financial statements in accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements’ estimates or assumptions could have a material impact on the Company’s financial condition and results of operations during the period in which such changes occurred. Actual results could differ from those estimates. The Company’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.
Accounts Receivable	Accounts Receivable Accounts receivable, if any, are carried at the expected net realizable value. The allowance for doubtful accounts, when determined, will be based on management’s assessment of the collectability of specific customer accounts and the aging of the accounts receivable. If there were a deterioration of a major customer’s creditworthiness, or actual defaults were higher than historical experience, our estimates of the recoverability of the amounts due to us could be overstated, which could have a negative impact on operations. The Company currently does not have any accounts receivable. The above accounting policies will be adopted upon the Company carrying accounts receivable.
Films and Television Costs	Films and Television Costs The Company capitalizes production costs for films produced in accordance with ASC 926-20, “Entertainment-Films - Other Assets - Film Costs”. Accordingly, production costs are capitalized at actual cost and then charged against revenue quarterly as a cost of production based on the relative fair value of the film(s) delivered and recognized as revenue. The Company evaluates its capitalized production costs annually and limits recorded amounts by its ability to recover such costs through expected future sales.
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted Accounting Standards Codification ASC 606 (“ASC 606”), Revenue from Contracts with Customers, The Company generates all of its revenue from contracts with customers. The Company recognizes revenue when we satisfy a performance obligation by transferring control of the promised services to a customer in an amount that reflects the consideration that we expect to receive in exchange for those services. The Company determines revenue recognition through the following steps: 1. Identification of the contract, or contracts, with a customer. 2. Identification of the performance obligations in the contract. 3. Determination of the transaction price. 4. Allocation of the transaction price to the performance obligations in the contract 5. Recognition of revenue when, or as, we satisfy a performance obligation. At contract inception, the Company assesses the services promised in our contracts with customers and identifies a performance obligation for each promise to transfer to the customer a service (or bundle of services) that is distinct. To identify the performance obligations, the Company considers all of the services promised in the contract regardless of whether they are explicitly stated or are implied by customary business practices. The Company allocates the transaction prices to the performance obligations. The Company provides for an allowance for doubtful accounts based on history and experience considering economic and industry trends. The Company does not have any off-Balance Sheet exposure related to its customers. The Company recognizes revenue when the distributor confirms to the Company that the film has been delivered to the distributor with all technical and document deliveries received, waived or deferred and the film has been entered into the distributor’s rights system. The Company evaluates whether it is appropriate to record the gross amount of product sales and related costs or the net amount earned as commissions. Generally, when the Company is primarily obligated in a transaction, are subject to inventory risk, have latitude in establishing prices and selecting suppliers, or have several but not all of these indicators, revenue is recorded at the gross sale price. The Company generally records the net amounts as commissions earned if we are not primarily obligated and do not have latitude in establishing prices. The Company records all revenue transactions net of fees paid to Mar Vista Entertainment, LLC (“Mar Vista”). We had revenues of $38,366 and $38,366, and $3,361 and $13,954 for the three and nine months ended January 31, 2021 and 2020, respectively.
Advertising	Advertising Advertising expenses are recorded as general and administrative expenses when they are incurred. There was no advertising expense for the three months and nine months ended January 31, 2021 and 2020.
Research and Development	Research and Development All research and development costs are expensed as incurred. There was no research and development expense for the three months and nine months ended January 31, 2021 and 2020.
Income Tax	Income tax We account for income taxes under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) No. 740, Income Taxes (“ASC 740”). Under ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company follows the provisions of ASC 820. This Topic defines fair value, establishes a measurement framework and expands disclosures about fair value measurements. The Company uses fair value measurements for determining the valuation of derivative financial instruments payable in shares of its common stock. This primarily involves option pricing models that incorporate certain assumptions and projections to determine fair value. These require management’s judgment.
Fair Value Measurements	Fair Value Measurements FASB ASC Topic 825, Financial Instruments Fair Value Measurements and Disclosures Various inputs are considered when determining the value of the Company’s investments and long-term debt. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. These inputs are summarized in the three broad levels listed below. ● Level 1 – observable market inputs that are unadjusted quoted prices for identical assets or liabilities in active markets. ● Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.). ● Level 3 – significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments). The Company’s adoption of FASB ASC Topic 825 did not have a material impact on the Company’s consolidated financial statements. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. The Company had no financial assets or liabilities carried and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. The Company had no financial assets and/or liabilities carried at fair value on a recurring basis at January 31, 2021, assets and liabilities approximate fair value due to their short term nature. The availability of inputs observable in the market varies from instrument to instrument and depends on a variety of factors including the type of instrument, whether the instrument is actively traded, and other characteristics particular to the transaction. For many financial instruments, pricing inputs are readily observable in the market, the valuation methodology used is widely accepted by market participants, and the valuation does not require significant management discretion. For other financial instruments, pricing inputs are less observable in the market and may require management judgment.
Basic and Diluted Earnings Per Share	Basic and diluted earnings per share Diluted earnings (loss) per share are computed on the basis of the weighted average number of common shares (including common stock subject to redemption) plus dilutive potential common shares outstanding for the reporting period. In periods where losses are reported, the weighted-average number of common stock outstanding excludes common stock equivalents, because their inclusion would be anti-dilutive. The total number of potential additional dilutive securities outstanding for the three months and nine months ended January 31, 2021 and 2020 was none.
Concentrations, Risks, and Uncertainties	Concentrations, Risks, and Uncertainties The Company had one customer, Mar Vista Entertainment, that accounted for 100% of total revenue in the three and nine months ended January 31, 2021 and 2020, respectively. The Company had one supplier that accounted for 55% and 91% of total expenditures for the three months ended January 31, 2021 and 2020, respectively. There were two suppliers that accounted for 80% and 98% of total expenditures for the nine months ended January 31, 2021 and 2020, respectively.
Stock Based Compensation	Stock Based Compensation In accordance with ASC No. 718, Compensation – Stock Compensation Equity Based Payments to Non-Employees
Recently Enacted Accounting Standards	Recently Enacted Accounting Standards The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

Nature of Operations and Summ_3

Nature of Operations and Summary of Significant Accounting Policies (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Oct. 31, 2011	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020	Apr. 30, 2020
Common stock, issued		138,964,917		138,964,917		138,964,917
Common stock, outstanding		138,964,917		138,964,917		138,964,917
Revenues		$ 38,366	$ 3,361	$ 38,366	$ 13,954
Advertising costs
Research and development expense
Potential dilutive securities
Concentrations percentage		100.00%	100.00%	100.00%	100.00%
Supplier One [Member]
Concentrations percentage		55.00%	91.00%
Supplier Two [Member]
Concentrations percentage				80.00%	98.00%
China Advanced Technology [Member]
Common stock shares issued during period	47,000,000
Percentage of common stock outstanding shares	70.10%
Common stock cancellation shares	15,619,816
Common stock, issued	67,100,000
Common stock, outstanding	67,100,000
Forward stock split	eight-for-1 forward stock split

Common Stock (Details Narrative

Common Stock (Details Narrative) - $ / shares	Jan. 31, 2021	Apr. 30, 2020
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, shares authorized	300,000,000	300,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares outstanding	138,964,917	138,964,917
Common stock not issued	38,153,269
Related Party [Member]
Common stock not issued	32,153,269
Third Party [Member]
Common stock not issued	6,000,000

Going Concern (Details Narrativ

Going Concern (Details Narrative)	9 Months Ended
	Jan. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Going Concern	The Company's financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs, which raises substantial doubt about our ability to continue as a going concern for a period of one year from the issuance of these financial statements.

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2021	Jan. 31, 2020	Jan. 31, 2021	Jan. 31, 2020
Operating expenses	$ 4,706	$ 3,380	$ 27,820	$ 14,720
C&R Films [Member]
Payments of debt
Operating expenses	597	0	12,591	1,422
Balance amount	48,096		48,096
Dos Cebezas [Member]
Payments of debt
Operating expenses	0	0	7,394	7,000
Balance amount	14,394		14,394
Kevin Frawley [Member]
Operating expenses	0	0	0	5,000
Balance amount	16,090		16,090
Mike Criscione [Member]
Payments of debt
Operating expenses	2,575	$ 3,090	9,575	$ 6,180
Balance amount	$ 18,330		$ 18,330

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2019	Apr. 30, 2018	Apr. 01, 2015
Production Agreements [Member]
Impairment of film production costs		$ 15,000
Production Agreements [Member] | KKO Productions [Member]
Investment in productions			$ 15,000
Percentage received as gross proceeds on films			15.00%
Fee Agreement [Member]
Percentage of payment fee on gross revenues	10.00%