Consolidated Balance Sheets	Mar. 31, 2020 USD ($)
CURRENT ASSETS
Cash & Cash Equivalents	$ 4,849
Accounts Receivable, Net	324,652	[1]
Prepaid Wages
Merchandise Inventory	100,704
Prepaid Advertising	765,000
Prepaid Producer Royalties	2,454,674
Producer Marketing Recoupment	3,016,762
Film Distribution Rights	1,996,379
Film Production Investments	469,389
Notes Receivable and Net Recoupment	41,641	[2]
TOTAL CURRENT ASSETS	9,174,050
PROPERTY & EQUIPMENT
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT	117,561
OTHER ASSETS
TOTAL OTHER ASSETS	27,413,517
TOTAL ASSETS	36,705,128
CURRENT LIABILITIES
Accounts payable	9,115
Accrued Royalties	94,065
Acquisition Advances Due	285,399
Accrued Wages	122,182
Payroll Taxes Payable
Deferred Income Tax Payable
NB Cal AFIL P&A Loan		[3]
TOTAL CURRENT LIABILITIES	1,254,523
LONG-TERM LIABILITIES
Long-Term Payables	1,033,382
Executive Salary Deferrals	766,415
Lewin Foreign Judgment	1,629,442	[4]
Contingent Legal Liabilities	727,022	[5]
Officer Notes Payable	115,670
TOTAL LONG-TERM LIABILITIES	4,271,931
TOTAL OF ALL LIABILITIES	5,526,454
SHAREHOLDER'S EQUITY
Common Stock	27,272,077
Retained Earnings	3,906,597
TOTAL SHAREHOLDER'S EQUITY	31,178,674
LIABILITIES & SHAREHOLDER'S EQUITY	36,705,128
Hounddog P&A Note (EFG) [Member]
CURRENT LIABILITIES
Notes payable		[6]
Interest		[6]
Shuttlewood Investments Note [Member]
CURRENT LIABILITIES
Notes payable		[7]
Interest
Graham Financial Services Note [Member]
CURRENT LIABILITIES
Notes payable	98,825	[8]
Interest	2,051
Short Term Notes (Various) [Member]
CURRENT LIABILITIES
Notes payable	576,685	[9]
Interest	51,201
Bank of Fayetteville Note [Member]
CURRENT LIABILITIES
Notes payable	15,000
Interest
FILM & TV LIBRARY (incl. VODWIZ) [Member]
OTHER ASSETS
TOTAL OTHER ASSETS	27,413,517
Office Furnishings, Equip. & Film Gear [Member]
PROPERTY & EQUIPMENT
Less Accumulated Depreciation	(37,164)
TOTAL PROPERTY & EQUIPMENT	154,725
Vehicles [Member]
PROPERTY & EQUIPMENT
Less Accumulated Depreciation
TOTAL PROPERTY & EQUIPMENT
Real Property [Member]
PROPERTY & EQUIPMENT
TOTAL PROPERTY & EQUIPMENT

[1] Accounts Receivable has been adjusted to include mark-downs for DVD price reductions, as well as other reconciliation activities relating to the application of credits for returns and other payment credits.

[2] Notes Receivable includes a loan made by the company to Snowy Morning, Inc. in the amount of $41,641 to assist with production costs for the film “WILDFIRE,” which loan is to be considered as a fully-recoupable advance against Snowy Morning’s share of theatrical revenues in the film. Company holds a lien against other revenue sources, in the event that the producer’s share of net theatrical revenues from “WILDFIRE” is not sufficient to fully repay the loan.

[3] NB Cal loan has been retired.

[4] Company has engaged counsel to move to set-aside this foreign judgment and locally filed writ, on the basis of fraud, personal jurisdiction and subject matter jurisdiction. The absence of an agreement between Company and Lewin, as well as the additional prohibition on HHSE officers from issuing “personal guarantees” as represented by Plaintiff Lewin, will support the motion for dismissal. These legal responses from Hannover House are temporarily on hold until the local courthouse reopens from COVID-19 closures.

[5] Upon advice of counsel, Company is also reserving an additional amount of $727,722 regarding three foreign cases, as the potential liability that could occur should the Company not prevail in actions for dismissal or adjudication in Arkansas.

[6] Hounddog P&A loan has been retired (including interest).

[7] Company is line-item listing the $0 balance due under the Mutual dissolution agreement (to discontinue distribution of the film “Daisy Winters”); however, Company has added in a line-item for “Contingent Legal Liabilities” (see footnote 9), in the event that Company’s upcoming court proceedings in Arkansas in this dispute do not result in a favorable outcome consistent with the Mutual dissolution agreement.

[8] Company executed two new notes with Graham Financial Services, Inc., in the amounts of $55,000 on Nov. 18, 2019 and $28,500 on Nov. 25, 2019. The prior Graham notes were sold to a non-affiliate, eligible party for conversion into shares, as per the terms of the note and assignment options. The prior balances were understated due to the inadvertent exclusion of vendor payments made directly by Graham at the request and direction of Company. The corrected total balance of the notes due by HHSE to Graham is indicated in this current balance sheet.

[9] Short-term notes increased by a total of $14,300, although the Company actually received $24,300 in payments during this reporting quarter. Prior payments made in Q1 (2019) totaling $10,000 were inadvertently excluded from prior reports and are included herein.