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Consolidated Statement of Income - USD ($)
3 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Income Statement [Abstract]      
REVENUES (all media, fees & licenses) $ 209,132 $ 75,319 $ 90,541
Net, Collected Revenues 148,632 14,919 3,769
Additional Invoiced Sales 60,500 86,772
Reserve for Potential Returns
ADJUSTED REVENUES FOR PERIOD 209,132 75,319 90,541
COST OF SALES      
Commissions
Sales and Marketing
Video Mfg & Releasing Costs
Film & Book Royalties
Freight
Other Expenses (Ads, PR, Publicity)
TOTAL COST OF SALES
GROSS PROFIT 209,132 75,319 90,541
GENERAL AND ADMINISTRATIVE EXP. 8,922 9,848 40,642
INCOME FROM OPERATIONS 200,210 65,471 49,899
INTEREST EXPENSES 7,601 7,601 7,502
OTHER EXPENSES (SALARY DEFERRALS)
INCOME BEFORE TAXES 192,609 57,870 42,397
PROVISION FOR INCOME TAXES
NET INCOME 192,609 57,870 42,397
RETAINED EARNINGS (Beginning of Period) 3,908,726 [1] 3,906,597 3,864,200
RETAINED EARNINGS (End of Period) $ 4,101,335 $ 3,908,726 [1] $ 3,906,597
[1] Q2 Retained Earnings reduced Sept. 2020, due to payables corrections