10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 10-Q

QUARTERLY REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

WRITERS’ GROUP FILM CORP.

a Delaware corporation

8200 Wilshire Boulevard,

Suite 200

Beverly Hills, CA  90211

310.461.3737

Commission file number: 333-156832

I.R.S. Employer I.D. #: 56-2646829

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days  x Yes      o No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes   o       No    o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer	o	Accelerated filer	o
Non-accelerated filer	o	Smaller reporting company	x
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).  o Yes     x No

The number of shares outstanding of our Common Stock is 2,334,430,636 as of August 16, 2013

The number of shares outstanding of our Series A Preferred Stock is 10,000 as of August 16, 2013.

There are no other classes of stock.

FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS

 Writers' Group Film Corp.

 Consolidated Balance Sheets

 (Unaudited)

	June 30,			March 31,
	2013			2013
Assets
Current Assets
Cash and cash equivalents	$	2,090		$	1,143
Accounts receivables, net		200			200
Prepaid expense and other assets		3,750			1,710
Deferred financing costs		8,500			3,500
Total current assets		14,540			6,553
Total Assets	$	14,540		$	6,553
Liabilities and Shareholders' Deficit
Current Liabilities
Accounts payable	$	36,173		$	31,520
Accrued liability		57,754			39,433
Convertible debts, net of unamortized discount of 32,261 and $0, respectively		28,383			20,727
Convertible debts - related party, net of unamortized discount of $0 and $0, respectively		1,550			1,550
Notes payable, net of unamortized discount of $0 and $7,362, respectively		100,000			101,700
Due to related parties - short term		4,085			2,572
Derivative liabilities		-			23,550
Total current liabilities		227,945			221,052
Total Liabilities		227,945			221,052
Shareholders' Deficit
Preferred Stock:
Series A convertible preferred stock, $.00001 par, 130,000,000 shares authorized, 10,000 shares issued and outstanding		-			-
Series B convertible preferred stock, $.00001 par, 70,000,000 shares authorized, 0 and 10,000 shares issued and outstanding, respectively		-			-
Series C convertible preferred stock, $.00001 par, 20,000,000 shares authorized, none issued and outstanding		-			-
Common stock, $0.00001 par, 20,000,000,000 shares authorized, 2,165,945,787  and 1,573,982,182 shares issued and outstanding, respectively		21,661			15,741
Additional paid in capital		1,731,867			394,021
Retained deficit		(1,966,933	)		(624,261	)
Total shareholders' deficit		(213,405	)		(214,499	)
Total Liabilities and Shareholders' Deficit	$	14,540		$	6,553

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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 Writers' Group Film Corp.

 Consolidated Statement of Operations

 (Unaudited)

	For The Three Months Ended June 30,
	2013			2012
Operating Costs and Expenses
Wages and benefits		45,578			38,010
Audit and accounting		14,891			20,400
Legal fee		7,933			4,377
Other general and administrative		21,853			10,611
Total operating expenses		90,255			73,398
Loss from operations		(90,255	)		(73,398	)
Other income (expense)
Gain (loss) from derivative liabilities		(1,199,371	)		258,017
Interest expense		(53,046	)		(16,331	)
Net income (loss)		(1,342,672	)		168,288
Net income (loss) per share
Basic		(0.00	)		0.00
Diluted		(0.00	)		(0.00	)
Weighted average common shares outstanding:
Basic		1,876,000,763			542,780,633
Diluted		1,876,000,763			3,048,980,633

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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 Writers' Group Film Corp.

 Consolidated Statement of Cash Flows

 (Unaudited)

	For The Three Months Ended June 30,
	2013			2012
Cash Flows From Operating Activities
Net Income (loss)	$	(1,342,672	)	$	168,288
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Gain (loss) on derivative liability		1,199,371			(258,017	)
Amortization of debt discount		49,163			15,120
Imputed interest on related party loan		-			1,211
Changes in operating assets and liabilities:
Account receivable, related party		-			42,850
Prepaid expenses and other current assets		(2,040	)		(2,414	)
Accounts payable		4,651			(23,564	)
Accrued liabilities		18,961			8,510
Net cash used in operating activities		(72,566	)		(48,016	)
Cash Flows From Investing Activities
Loan repayment by related parties		-			75
Net cash provided by investing activities		-			75
Cash Flows From Financing Activities
Borrowing on short term notes payable		77,000			32,500
Proceeds from related party advances		1,513			-
Deferred financing costs		(5,000	)		-
Net cash provided by financing activities		73,513			32,500
Net increase (decrease) in cash and cash equivalents		947			(15,441	)
Cash and cash equivalents, beginning of period		1,143			15,599
Cash and cash equivalents, end of period	$	2,090		$	158
Supplemental disclosure information:
Income taxes paid	$	-		$	-
Interest paid	$	-		$	-
Non-cash financing activities:
Common shares issued for convertible debt and accrued interests	$	48,785		$	15,120
Cashless warrant exercise	$	264		$
Preferred Series B conversion to common stock	$	1,000		$	-
Deb discount resulting from recognition of derivative	$	72,062		$	-
Reclassification of derivative liabilities to additional paid in capital	$	1,294,981		$	271,566

The accompanying notes are an integral part of these unaudited consolidated financial statements.

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NOTE 1 – ORGANIZATION, BUSINESS OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

Organization and Business Operations

Writers’ Group Film Corp. (“we”, “our”, “WRIT” or the “Company”) was incorporated in Delaware on March 9, 2007 to produce films, television programs and similar entertainment programs for various media formats.

Front Row Networks, Inc. (“Front Row”) was incorporated on July 27, 2010 in Nevada. The Company is a content creation company which produces, acquires and distributes live concerts in 3D for initial worldwide digital broadcast into digitally-enabled movie theaters, TV and mobile streaming providers.

On February 25, 2011, the Company acquired Front Row in exchange for 100,000,000 common shares in a transaction accounted for as a reverse merger. As a result of this transaction, Front Row’s shareholders became the Company’s majority shareholders.The accompanying unaudited interim financial statements of Writers’ Group Film Corp. have been prepared in accordance with accounting principles generally accepted in the United States of America and rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the initial period ended March 31, 2013 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements as reported in the annual report on Form 10-K have been omitted.

A reclassification has been made to the balance sheet as of March 31, 2013. There was no change to previously reported statement of operations or cash flow for the year ended March 31, 2013.

Correction of Prior Period

In accordance with the SEC’s Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company recorded a non-cash adjustment for the year ended March 31, 2012 which served to reduce additional paid in capital by $566,072 and increase debt discount and retained earnings by $9,942 and $556,130, respectively. See more discussion in Note 1 in Form 10-K filed on July 16, 2013.

To carry forward this non-cash adjustment to the quarter ended June 30, 2012 financials, the Company reduced additional paid in capital and debt discount by $566,072 and $19,062, respectively, and increased interest expense and retained deficit by $9,120 and $547,010, respectively. Consequently, the balance sheet as of June 30, 2012 and the statements of operations, cash flows for the three months ended June 30, 2012 were adjusted to reflect the correction of this error. In evaluating materiality and determining the appropriateness of applying SAB 108 to this error, the Company considered materiality both qualitatively and quantitatively as prescribed by the SEC’s Staff Accounting Bulletin No. 99.

Fair Value Measurements

As defined in ASC 820 “Fair Value Measurements”, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).

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The three levels of the fair value hierarchy defined by ASC 820 are as follows:

Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.

Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars.

Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of June 30, 2013 and March 31, 2013. As required by ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels.

As of June 30, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	-			$	-

As of  March 31, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	23,550			$	23,550

NOTE 2 – GOING CONCERN

As reflected in the accompanying consolidated unaudited financial statements, the Company has an accumulated deficit of $1,966,933 at June 30, 2013 that includes loss of $1,342,672 for the three months ended June 30, 2013. The Company also had a working capital deficiency of $213,405 at June 30, 2013. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The consolidated financial statements have been prepared on a going concern basis and do not include any adjustments that might result from outcome of this uncertainty.

Although management is currently attempting to implement its business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful.

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NOTE 3 – NOTES PAYABLE

Notes payable consists of the following:

	June 30, 2013		March 31, 2013
Note payable, net of debt discount of $0 and $7,362, respectively	$	100,000	$	101,700

Asher Enterprises Notes Payable

On January 30, 2013, the Company borrowed $32,500 from Asher Enterprises. The maturity date of this note is November 1, 2013. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading price for the Common Stock during the 20 trading day period ending on the latest complete trading day prior to the conversion date. As of June 30, 2013, the note is not convertible yet.

On April 10, 2013, the Company borrowed $28,000 from Asher Enterprises. The maturity date of this note is January 15, 2014. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading prices for the Common Stock during the twenty trading day period ending on the latest complete trading day prior to the conversion date. As of June 30, 2013, the note is not convertible yet.

On May 13, 2013 the Company borrowed $27,500 from Asher Enterprises. The maturity date of this note is February 17, 2014. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading prices for the Common Stock during the twenty trading day period ending on the latest complete trading day prior to the conversion date. As of June 30, 2013, the note is not convertible yet.

Mrs. Nancy Louise Jones

On November 26, 2010, the Company borrowed $60,562 from Mrs. Nancy Louise Jones, wife of Mr. John Diaz, the former CEO and major shareholder. The note carried zero interest and is due on September 8, 2013. On May 2, 2013, Nancy Louise Jones assigned her $60,562 note to Magna Group LLC (see Note 4). The maturity date of this amended note is January 2, 2014. This loan bears an interest rate of 12% per annum. The note is convertible into common stock at a price of 55% multiplied by the lowest volume weighted average price for the Common Stock during the five trading day period ending on the latest complete trading day prior to the conversion date. The Company evaluated the application of ASC 470-50 and ASC 470-60 and concluded the addition of a conversion feature constituted a debt extinguishment rather than a troubled debt restructuring or debt modification. See more discussion about the new debt in Note 4.

On June 12, 2013, the Company borrowed $12,000 from Mrs. Nancy Louise Jones. Out of the $12,000 debt proceeds $2,000 was paid to Mrs. Nancy Louise Jones for legal and administrative fees. The maturity date of this note is August 31, 2013. This loan bears an interest rate of 12% per annum.

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NOTE 4 – CONVERTIBLE DEBT

Convertible debt outstanding, net of debt discount of $0 on March 31, 2013	$	20,727
Add: issuance of convertible debts, net of debt discount of $11,500		-
Assignment from Nancy Louise Jones, net of debt discount of $60,562		-
Reclassification from nonconvertible debt to convertible debt, net of debt discount of $7,362		8,638
Amortization of debt discount		47,163
Less: principal converted into common stock		(48,145	)
Convertible debt outstanding, net of debt discount of $32,261	$	28,383

During the three months ended June 30, 2013, $­­­­­48,145 of convertible debts and $640 of accrued interest was converted into 465,589,979 shares of common stock.

Asher Enterprises, Inc.

 On November 2, 2012, the Company borrowed $16,000 from Asher Enterprises. The maturity date of this note is August 5, 2013. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. On May 1, 2013, after 180 days following the date of the note, the note became convertible. Asher Enterprises had the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price was 25% multiplied by the lowest trading price for the Common Stock during the 120 trading day period ending on the latest complete trading day prior to the conversion date.  Along with the note payable, the Company issued warrants to purchase 49,230,769 shares of common stock. The warrants expire 5 years after issuance and have an exercise price of $0.0000325. The exercise price can adjust downward if the Company issues common stock at a price per share lower than the current exercise price.  Asher Enterprise converted principal of $16,000 and interest of 640 into 135,938,462 common shares, bringing the note balance to $0.  Debt discount of $7,362 was amortized during the three months ended June 30, 2013.

The Company analyzed the conversion option of the Asher note for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the embedded conversion feature should be classified as a liability due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. The embedded conversion feature was measured at fair value at the date of inception and at the termination of the instrument with the change in fair value recorded to earnings.

The Company analyzed the warrants for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the warrants should be classified as a liability due to their not being indexed to the Company’s common stock. The warrants were measured at fair value at the date of inception and at the end of each reporting period or termination of the instrument with the change in fair value recorded to earnings. See discussion related to the derivative liabilities in Note 5 and warrants in Note 6.

Magna Group, LLC

On May 2, 2013 Magna Group LLC purchased the note payable of $60,562 from Mrs. Nancy Louise Jones and entered into an amended debt agreement with the Company. See Note 3. On May 9, 2013, Magna issued another convertible note of $11,500 to the Company. The note bears interest of 12% per annum, is due on January 9, 2014 and is convertible into common shares at a price of 55% multiplied by the lowest volume weighted average price for the Common Stock during the five trading day period ending on the latest complete trading day prior to the conversion date. Magna converted debt principal of $30,000 into 115,151,517 common shares during the three months ended June 30, 2013.

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As the Asher debt became convertible on May 1, 2013, the conversion option of Magna convertible notes became tainted, that is, under ASC 815-15 “Derivatives and Hedging”, it should be recorded as derivative liability. The derivative treatment resulted in a full debt discount on the Magna notes. During the three months ended June 30, 2013, debt discount of $39,801 was amortized and the unamortized discount is $32,261 as of June 30, 2013. As a result of the full conversion of Asher convertible debt on May 29, 2013, the derivative treatment on Magna debts ended and the derivative liabilities were reclassified back to equity.  See discussion in Note 5.

Other Third Party Convertible Notes

The convertible debts were issued in September 2009, bear an interest rate at 8% per annum, due in one year, and are convertible at $0.00001 per share.

During the three months ended June 30, 2013, debt principal of $2,145 has been converted into 214,500,000 common shares.

As the Asher debt became convertible on May 1, 2013, the conversion option of all other third party convertible notes became tainted. Under ASC 815-15 “Derivatives and Hedging”, it should be recorded as derivative liability. As a result of the full conversion of Asher convertible debt on May 29, 2013, the derivative treatment on these convertible debts ended and the derivative liabilities were reclassified back to equity.  See discussion in Note 5.

NOTE 5 – DERIVATIVE LIABILITIES

Convertible Notes

The Company valued the embedded derivatives (see discussion below) using Black-Scholes Option Pricing Model based on the following assumptions:

- Dividend yield: 0%

- Volatility: 216.68%-290.85%

- Risk free rate: 0.03%-0.10% 

Asher Enterprises

As discussed in Note 4, Asher note of $16,000 became convertible on May 1, 2013. The conversion feature should be classified as derivative liabilities and recorded at fair value. The fair value of the conversion feature was determined to be $132,409 on May 1, 2013 and was recognized as derivative loss.  As a result of full conversion on May 29, 2013, under ASC 815-15 “Derivative and Hedging”, the instrument should be measured at fair value at the date of the termination with the change in fair value recorded earnings. Total fair value of the conversion feature on conversion dates was $96,892 and this value was reclassified out of liabilities to equity.

Magna Group LLC

As discussed in Note 4, the conversion feature of Magna notes were tainted by Asher note on May 1, 2013 and should be classified as derivative liabilities and recorded at fair value. The fair value of the conversion feature of the two Magna notes was determined to be $139,524, out of which $72,062 was recorded as debt discount and $67,462 was recorded as derivative loss. As a result of conversion of $10,000 debt principal on May 10, 2013 and the termination of derivative treatment on May 29, 2013, under ASC 815-15 “Derivative and Hedging”, the instrument should be measured at fair value at the date of the termination with the change in fair value recorded earnings. Total fair value of the conversion feature on conversion and termination dates was $130,120 and this value was reclassified out of liabilities to equity.

Other Third Party and Related Party Convertible Notes

As discussed in Note 4, the conversion feature of other third party notes was tainted by Asher note on May 1, 2013. In addition, the conversion feature of related party convertible debt of $1,550 was also tainted for the same reason. The conversion features should be classified as derivative liabilities and recorded at fair value. The fair value of the conversion feature of these debts was determined to be $2,485,220 and was recorded as derivative loss. As a result of conversion of $250 debt principal on May 2, 2013 and the termination of derivative treatment on May 29, 2013, under ASC 815-15 “Derivative and Hedging”, the instrument should be measured at fair value at the date of the termination with the change in fair value recorded earnings. Total fair value of the conversion feature on conversion and termination dates was $1,043,357 and this value was reclassified out of liabilities to equity.

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Warrants

As discussed in Note 4, 49,230,769 warrants issued with the Asher debt should be classified as derivative liability and recorded at fair value at the termination date. Asher settled all the warrants on June 5, 2013. The fair value of the warrants on June 5, 2013 was determined to be $24,614 using Black-Scholes Option Pricing Model based on the following assumptions and was reclassified out of liabilities to equity:

- Dividend yield: 0%

- Volatility: 353.50%

- Risk free rate: 0.75%

The following table summarizes the derivative liabilities included in the consolidated balance sheet:

Balance at March 31, 2013	$	23,550
ASC 815-15 additions
Asher Enterprise note		132,409
Magna Group LLC notes		139,524
Other convertible notes		2,485,220
ASC 815-15 deletions
Asher Enterprise note		(96,892	)
Magna Group LLC notes		(130,120	)
Other convertible notes		(1,043,357	)
Asher Enterprise warrants		(24,614	)
Change in fair value		(1,485,720	)
Balance at June 30, 2013	$	0

The following table summarizes the derivative (gain) or loss recorded as a result of the derivative liabilities above:

For the  Three Months Ended June 30, 2013
Excess of fair value of liabilities over note payable	$	2,685,091
Change in fair value		(1,485,720	)
Total Derivative (Gain) Loss	$	1,199,371

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NOTE 6 – EQUITY

For the Three Months Ended June 30, 2013:

Warrants

As discussed in Note 4, along with the note payable, the Company issued warrants to purchase 49,230,769 shares of common stock to Asher Enterprise Inc. The warrants expire 5 years after issuance and have an exercise price of $0.0000325. The exercise price can adjust downward if the Company issues common stock at a price per share lower than the current exercise price.  

On June 5, 2013, Asher Enterprises exercised 26,373,626 warrants for common stock. Instead of paying cash to the Company, Asher Enterprises forfeited the remaining 22,857,143 warrants as consideration given to exercise the warrants. The following table summarizes the Company’s warrant activity for the three months ended June 30, 2013:

	Number of Units			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)		Intrinsic value
Outstanding at March 31, 2013		49,230,769		$	0.00		4.59	$	52,554
Exercises		(26,373,626	)		0.00		-		-
Forfeitures		(22,857,143	)		0.00		-		-
Outstanding at June 30, 2013		-		$	-		-	$	-

Common Shares issued for convertible notes:

During the three months ended June 30, 2013, convertible debts of $48,145 along with accrued interest of $640 were converted into 465,589,979 common shares. See Note 4.   

Conversion of Preferred Stock into Common Stock

On May 1, 2103, Tal L Kapelner converted 10,000 shares of preferred stock series B into 100,000,000 common shares.

NOTE 7 – SUBSEQUENT EVENTS

In July 2013, the Company issued 40,000,000 common shares for cash of $20,000.

In July 2013, the Company issued a promissory note of $10,000. The note carries zero interest and was due on August 9, 2013.

In July, 2013 and August, 2013, Magna Group LLC converted debt principal of $21,200 into 128,484,849 common shares.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

Special Note Regarding Forward Looking Statements

In addition to historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “expect,” “anticipate,” “project,” “target,” “plan,” “optimistic,” “intend,” “aim,” “will” or similar expressions which are intended to identify forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; as well as all assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those identified in Item 1A “Risk Factors” in our annual report on Form 10-K for fiscal year ended March 31, 2013, as well as assumptions, which, if they were to ever materialize or prove incorrect, could cause the results of the Company to differ materially from those expressed or implied by such forward-looking statements. Forward looking statements made by penny stock issuers are excluded from the safe harbors in Section 27A of the Securities Act of 1933 and in Section 21E of the Securities Exchange Act of 1934.

Readers are urged to carefully review and consider the various disclosures made by us in this report and our other filings with the Security and Exchange Commission (“SEC”). These reports attempt to advise interested parties of the risks and factors that may affect our business, financial condition and results of operations and prospects. The forward-looking statements made in this report speak only as of the date hereof and we disclaim any obligation, except as required by law, to provide updates, revisions or amendments to any forward-looking statements to reflect changes in our expectations or future events.

Overview

Writers’ Group Film Corp. (“we”, “us”, “our”, “WRIT”, or the “Company”) was incorporated in Delaware on March 9, 2007 to produce films, television programs and similar entertainment programs for various media formats.

Front Row Networks (“FRN”) was incorporated on July 27, 2010 in the State of Nevada. The Company is a content creation company which intends to produce, acquire and distribute live concerts in 3D for initial worldwide digital broadcast into digitally-enabled movie theaters. This new concept is intended to present live concerts in 3D, at lower ticket prices, to a massive fan base worldwide in a cost-effective manner. Following the initial 3D theatrical run, the distribution rights to the concerts will be licensed, in both 2D and 3D format, to DVD and Blu-Ray retailers, Free TV broadcasters, cable and emerging 3D cable channels, and mobile streaming providers. Front Row Networks will also sell merchandising, such as clothing, household goods, and other products, tailored to each Artist and to each Sponsor, in movie theaters where the live concert is exhibited

In February 2011, FRN completed a reverse acquisition transaction through a share exchange with WRIT, whereby WRIT acquired 100% of the issued and outstanding capital stock of FRN in exchange for 100,000,000 shares of the Common Stock of WRIT. As a result of the reverse acquisition, FRN became WRIT’s wholly-owned subsidiary and the former FRN’s shareholders became controlling stockholders of WRIT. The share exchange transaction with WRIT was treated as a reverse acquisition, with FRN as the accounting acquirer and WRIT as the acquired party.

12

Consequently, the assets and liabilities and the historical operations that will be reflected in the consolidated financial statements for periods prior to the Share Exchange Agreement will be those of FRN and will be recorded at the historical cost basis. After the completion of the Share Exchange Agreement, the Company’s consolidated financial statements will include the assets and liabilities of both FRN and WRIT, the historical operations of FRN and the operations of WRIT from the closing date of the Share Exchange Agreement.

On July 7, 2011, we modified our February 2011 Share Exchange Agreement and agreed to assume $100,000 in new debt which is shown as a reduction of our Paid-In Capital.

While the core business of Front Row Networks remains the production, acquisition and distribution of 2D and 3D theatrical event programming, the Company seeks to secure and distribute non-concert alternative theatrical programming, such as animated family content, music-related documentaries, and other gaming content that can be distributed via mobile and internet platforms. It is the Company’s strategic goal to acquire the broadest range of rights for exclusive programming, we may finance all or part of the production of our entertainment programs, acquire rights to completed projects, acquire content catalogues, or acquire companies which own or control content catalogues. We believe that we are positioned to benefit from the market growth and increased demand for alternative theatrical content and mobile content, and we intend to continue expansion of our exclusive library content throughout the coming year.

Results of Operations

Three Months Ended June 30, 2013 and 2012

Revenues. No revenues were recognized for the three months ended June 30, 2013 and 2012.

Wages and benefits.  Wages and benefits expenses increased by $7,568 and 19.91% for the three months ended June 30, 2013 as compared to the same period in 2012. The increase is mainly due to the increase in salary rate.

Audit and accounting.  Audit and accounting expenses decreased $5,509 and 27% for the three months ended June 30, 2013 as compared to the same period in 2012. The decrease in the audit and accounting expense is mainly related to cost management of the expenses.

Other general and administrative expenses.  Other general and administrative expenses increased by $11,242 and 105.95% for the three months ended June 30, 2013 as compared to the same period in 2012. Those expenses consist primarily of company’s business development, consulting fees and other expenses incurred in connection with general operations. The increase is mainly related to the consulting fees related to the fund raising projects.

Loss from operations. Our loss from operations was $90,255 for the three months ended June 30, 2013 and $73,398 for the same period in 2012.

Gain or loss from derivative liability. We recorded a loss from derivative liability of $1,199,371 for the three months ended June 30, 2013, which is discussed in more detail in Note 5 “Derivative Liabilities” to our consolidated financial statements. There was a gain of $258,017 from derivative liability for the three months ended June 30, 2012.

Interest expense. We incurred $53,046 interest expense for the three months ended June 30, 2013 and $16,331 for the same period in 2012. The increase in interest expense is mainly related to the amortization of debt discount.

Net income or loss. As a result of the foregoing factors, we generated a net loss of $1,342,672 for the three months ended June 30, 2013, and we generated a net income of $168,288 for the same period in 2012.

13

Liquidity and Capital Resources

As reflected in the accompanying consolidated financial statements, the Company has accumulated deficit of $1,966,933 at June 30, 2013 that includes loss of $1,342,672for the three months ended June 30, 2013. The Company also had a working capital deficiency of $213,405 as of June 30, 2013.  These factors raise substantial doubt about the ability of the Company to continue as a going concern. Although management is currently attempting to implement its business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful.

As of June 30, 2013 and March 31, 2013, we have $2,090 and $1,143 cash and cash equivalents, respectively. To date, we have financed our operations primarily through cash flows from borrowings from third and related parties.

Operating activities

Net Cash used in operating activities of $72,566 for the three months ended June 30, 2013 reflected our net loss of $1,342,672, adjusted for $49,163 of amortization of debt discount and a $1,199,371 loss on derivative liability. Additional sources of cash include increase in accrued liability of $18,961 and increase in accounts payable of $4,651. Uses of cash included an increase in prepaid expenses of $2,040.

Net cash used in operating activities was $48,016 for the three month ended June 30, 2012. The net cash used in operating activities is primarily due to the net loss and partially offset by shares issued for services, increase in accounts payable, and the decrease in accounts receivable during the quarter.

Investing activities

During the three months ended June 30, 2013 and 2012, the net cash provided by investing activities is primarily due to repayment of $0 and $75, respectively, by a related party of the Company.

Financing activities

Net cash provided by financing activities of $73,513 for the three months ended June 30, 2013 includes funds of $77,000 borrowed from third party, payment of $5,000 for deferred financing costs and proceeds from related party advances of $1,513.

Net cash provided by financing activities was $32,500 for the three months ended June 30, 2012. The net cash provided by financing activities is primarily due to short term borrowings during the quarter.

Loan Commitments

Borrowings from Third Parties

On April 10, 2013, the Company borrowed $28,000 from Asher Enterprises. The maturity date of this note is January 15, 2014. This loan bears an interest rate of 8% per annum from the issuance date before default.  Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading prices for the Common Stock during the twenty trading day period ending on the latest complete trading day prior to the conversion date.

14

On May 2, 2013, Magna Group, LLC purchased the Nancy Louise Jones Note for $60,562. The Company entered into a loan agreement with Mrs. Nancy Louise Jones on November 26, 2010, to borrow $60,562 with maturity date of September 8, 2013. This loan bears no interest. On May 2, 2013 The Company and Magna Group LLC entered into a Securities Purchase Agreement providing for the issuance of a convertible note. The maturity date of this note is January 2, 2014. This loan bears an interest rate of 12% per annum from the issuance. The note has a conversion price equal to 55% multiplied by the lowest volume weighted average price for the Common Stock during the five trading day period ending on the latest complete trading day prior to the conversion date. The note has an embedded conversion feature that limits the number of shares to be delivered upon settlement of the above conversion options, based upon a Conversion price floor of no less than $0.00004.

On May 9, 2013, the Company borrowed $11,500 from Hanover Holdings I, LLC (the controlling owner of Magna Group LLC). The maturity date of this note is January 9, 2014. This loan bears an interest rate of 12% per annum from the issuance date before default.  Interest on overdue principal after default accrues at an annual rate of 22%. Magna has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 55% multiplied by the lowest volume weighted average price for the Common Stock during the five trading day period ending on the latest complete trading day prior to the conversion date.

On May 13, 2013, the Company borrowed $27,500 from Asher Enterprises. The maturity date of this note is February 17, 2014. This loan bears an interest rate of 8% per annum from the issuance date before default.  Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading prices for the Common Stock during the twenty trading day period ending on the latest complete trading day prior to the conversion date.

Obligations under Material Contracts

Except with respect to the loan obligations disclosed above, we have no obligations to pay cash or deliver cash to any other party.

Inflation

Inflation and changing prices have not had a material effect on our business and we do not expect that inflation or changing prices will materially affect our business in the foreseeable future. However, our management will closely monitor price changes in our industry and continually maintain effective cost controls in operations.

Off Balance Sheet Arrangements

We do not have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital expenditures or capital resources that is material to an investor in our securities.

Seasonality

Our operating results and operating cash flows historically have not been subject to seasonal variations. This pattern may change, however, as a result of new market opportunities or new product introduction.

15

Critical Accounting Policies

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires our management to make assumptions, estimates and judgments that affect the amounts reported, including the notes thereto, and related disclosures of commitments and contingencies, if any. We have identified certain accounting policies that are significant to the preparation of our financial statements. These accounting policies are important for an understanding of our financial condition and results of operation. Critical accounting policies are those that are most important to the portrayal of our financial conditions and results of operations and require management’s difficult, subjective, or complex judgment, often as a result of the need to make estimates about the effect of matters that are inherently uncertain and may change in subsequent periods. Certain accounting estimates are particularly sensitive because of their significance to financial statements and because of the possibility that future events affecting the estimate may differ significantly from management’s current judgments. We believe the following critical accounting policies involve the most significant estimates and judgments used in the preparation of our financial statements:

· Accounts Receivable: Accounts receivable are recorded at the net invoice value and are not interest bearing. We consider receivables past due based on the contractual payment terms. We perform ongoing credit evaluations of our customers, and generally we do not require collateral on our accounts receivable. We estimate the need for allowances for potential credit losses based on historical collection activity and the facts and circumstances relevant to specific customers and we record a provision for uncollectible accounts when collection is uncertain. To date, we have not experienced significant credit related losses.

· Revenue Recognition: We recognize revenues when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price is fixed or determinable and collectability is reasonably assured.

Recent Accounting Pronouncements

We do not expect the adoption of recently issued accounting pronouncements to have a significant impact on our results of operations, financial position or cash flow.

CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures

As of the end of the period covered by this Quarterly Report, we conducted an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Based on this evaluation, the CEO and CFO concluded that, because of the material weaknesses in our internal control over financial reporting described below, our disclosure controls and procedures were not effective as of June 30, 2013 See our discussion at “Item 9A Controls and Procedures” on Form 10-K for the year ended March 31, 2013.

Because of such limitations, there is a risk that material misstatements may not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations are known features of the financial reporting process. Therefore, it is possible to design into the process certain safeguards to reduce, though not eliminate, this risk. Management is responsible for establishing and maintaining adequate internal control over our financial reporting.

16

Changes in Internal Controls

There have been no changes in our internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

LEGAL PROCEEDINGS

There is no litigation pending or threatened by or against the Company.

Exhibits.

Consolidated Financial statements are included in the body of this report.

Exhibit Index:

*  Rule 15d-14(a) Certifications	Exhibit (31)(i)and(ii)
*  Section 1350 Certification	Exhibit (32)

101.INS **	XBRL Instance Document
101.SCH **	XBRL Taxonomy Extension Schema Document
101.CAL **	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF **	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB **	XBRL Taxonomy Extension Label Linkbase Document
101.PRE **	XBRL Taxonomy Extension Presentation Linkbase Document

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

17

Signatures.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

.

	WRITERS’ GROUP FILM CORP
August 16, 2013	By:	/s/ Eric Mitchell
		Eric Mitchell, President and Sole Director
	By:	/s/ Eric Mitchell
		Chief Financial Officer and Chief Accounting Officer/Controller

18

EX-31.1

EXHIBIT 31.1

WRITERS’ GROUP FILM CORP.

a Delaware corporation

8200 Wilshire Boulevard,

Suite 200

Beverly Hills, CA 90211

310.461.3737

Rule 15d-14(a) Certifications

I, Eric Mitchell, certify that:

1. I have reviewed this 10-Q of Writers’ Group Film Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 16, 2013	By:	/s/ Eric Mitchell
		Eric Mitchell,
		President Principal Executive Officer

EX-31.2

EXHIBIT 31.2

WRITERS’ GROUP FILM CORP.

a Delaware corporation

8200 Wilshire Boulevard,

Suite 200

Beverly Hills, CA 90211

310.461.3737

Rule 15d-14(a) Certification

I, Eric Mitchell, certify that:

1. I have reviewed this 10-Q of Writers’ Group Film Corp.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 16, 2013	By:	/s/ Eric Mitchell
		Eric Mitchell,
		Treasurer and Director Principal Financial Officer

EX-32.1

EXHIBIT 32.1

WRITERS’ GROUP FILM CORP.

8200 Wilshire Boulevard,

Suite 200

Beverly Hills, CA 90211

310.461.3737

Section 1350 Certification

As Adopted Pursuant To

Section 906 Of The Sarbanes-Oxley Act Of 2002

Certification of the Principal Executive Officer and Principal Financial Officer

In connection with the Form 10-Q of Writers’ Group Film Corp. (the “Company”) for the quarterly period ended June 30, 2013, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned Principal Executive Officer and Principal Financial Officer of the Company certifies, to the best knowledge and belief of the signatory, pursuant to Section 1350 of Chapter 63 of title 18 of the United States Code (18 U.S.C. 1350), as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)    The Report fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934; and

(2)    The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 16, 2013	By:	/s/ Eric Mitchell
		Eric Mitchell,
		President, Principal Executive Officer
Date: August 16, 2013	By:	/s/ Eric Mitchell
		Eric Mitchell,
		Treasurer, Principal Financial Officer

This certification accompanying the Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Registrant under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Form 10-Q), irrespective of any general incorporation language contained in such filing.

XML

Derivative Liabilities (Tables)

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Derivative liabilities included in the consolidated balance sheet

The following table summarizes the derivative liabilities included in the consolidated balance sheet:

Balance at March 31, 2013	$	23,550
ASC 815-15 additions
Asher Enterprise note		132,409
Magna Group LLC notes		139,524
Other convertible notes		2,485,220
ASC 815-15 deletions
Asher Enterprise note		(96,892	)
Magna Group LLC notes		(130,120	)
Other convertible notes		(1,043,357	)
Asher Enterprise warrants		(24,614	)
Change in fair value		(1,485,720	)
Balance at June 30, 2013	$	0

Summarizes the derivative (gain) or loss recorded

The following table summarizes the derivative (gain) or loss recorded as a result of the derivative liabilities above:

For the  Three Months Ended June 30, 2013
Excess of fair value of liabilities over note payable	$	2,685,091
Change in fair value		(1,485,720	)
Total Derivative (Gain) Loss	$	1,199,371

XML

Consolidated Statement of Operations (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating Costs and Expenses
Wages and benefits	$ 45,578	$ 38,010
Audit and accounting	14,891	20,400
Legal fee	7,933	4,377
Other general and administrative	21,853	10,611
Total operating expenses	90,255	73,398
Loss from operations	(90,255)	(73,398)
Other income (expense)
Gain (loss) from derivative liabilities	(1,199,371)	258,017
Interest expense	(53,046)	(16,331)
Net income (loss)	$ (1,342,672)	$ 168,288
Net income (loss) per share
Basic	$ 0.00	$ 0.00
Diluted	$ 0.00	$ 0.00
Weighted average common shares outstanding:
Basic	1,876,000,763	542,780,633
Diluted	1,876,000,763	3,048,980,633

XML

Derivative Liabilities

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 5 - DERIVATIVE LIABILITIES

Convertible Notes

The Company valued the embedded derivatives (see discussion below) using Black-Scholes Option Pricing Model based on the following assumptions:

- Dividend yield: 0%

- Volatility: 216.68%-290.85%

- Risk free rate: 0.03%-0.10% 

Asher Enterprises

As discussed in Note 4, Asher note of $16,000 became convertible on May 1, 2013. The conversion feature should be classified as derivative liabilities and recorded at fair value. The fair value of the conversion feature was determined to be $132,409 on May 1, 2013 and was recognized as derivative loss.  As a result of full conversion on May 29, 2013, under ASC 815-15 “Derivative and Hedging”, the instrument should be measured at fair value at the date of the termination with the change in fair value recorded earnings. Total fair value of the conversion feature on conversion dates was $96,892 and this value was reclassified out of liabilities to equity.

Magna Group LLC

As discussed in Note 4, the conversion feature of Magna notes were tainted by Asher note on May 1, 2013 and should be classified as derivative liabilities and recorded at fair value. The fair value of the conversion feature of the two Magna notes was determined to be $139,524, out of which $72,062 was recorded as debt discount and $67,462 was recorded as derivative loss. As a result of conversion of $10,000 debt principal on May 10, 2013 and the termination of derivative treatment on May 29, 2013, under ASC 815-15 “Derivative and Hedging”, the instrument should be measured at fair value at the date of the termination with the change in fair value recorded earnings. Total fair value of the conversion feature on conversion and termination dates was $130,120 and this value was reclassified out of liabilities to equity.

Other Third Party and Related Party Convertible Notes

As discussed in Note 4, the conversion feature of other third party notes was tainted by Asher note on May 1, 2013. In addition, the conversion feature of related party convertible debt of $1,550 was also tainted for the same reason. The conversion features should be classified as derivative liabilities and recorded at fair value. The fair value of the conversion feature of these debts was determined to be $2,485,220 and was recorded as derivative loss. As a result of conversion of $250 debt principal on May 2, 2013 and the termination of derivative treatment on May 29, 2013, under ASC 815-15 “Derivative and Hedging”, the instrument should be measured at fair value at the date of the termination with the change in fair value recorded earnings. Total fair value of the conversion feature on conversion and termination dates was $1,043,357 and this value was reclassified out of liabilities to equity.

Warrants

As discussed in Note 4, 49,230,769 warrants issued with the Asher debt should be classified as derivative liability and recorded at fair value at the termination date. Asher settled all the warrants on June 5, 2013. The fair value of the warrants on June 5, 2013 was determined to be $24,614 using Black-Scholes Option Pricing Model based on the following assumptions and was reclassified out of liabilities to equity:

- Dividend yield: 0%

- Volatility: 353.50%

- Risk free rate: 0.75%

The following table summarizes the derivative liabilities included in the consolidated balance sheet:

Balance at March 31, 2013	$	23,550
ASC 815-15 additions
Asher Enterprise note		132,409
Magna Group LLC notes		139,524
Other convertible notes		2,485,220
ASC 815-15 deletions
Asher Enterprise note		(96,892	)
Magna Group LLC notes		(130,120	)
Other convertible notes		(1,043,357	)
Asher Enterprise warrants		(24,614	)
Change in fair value		(1,485,720	)
Balance at June 30, 2013	$	0

The following table summarizes the derivative (gain) or loss recorded as a result of the derivative liabilities above:

For the  Three Months Ended June 30, 2013
Excess of fair value of liabilities over note payable	$	2,685,091
Change in fair value		(1,485,720	)
Total Derivative (Gain) Loss	$	1,199,371

XML

Convertible Debt (Details Narrative) (USD $)	3 Months Ended
	Jun. 30, 2013
Convertible debts	$ 2,145
Accrued interest	640
Common stock Shares	214,500,000
Asher Enterprises [Member]
Amortized debt discount	7,362
Unamortized debt discount	32,261
Convertible debts	48,145
Accrued interest	640
Common stock Shares	465,589,979
Magna Group, LLC [Member]
Amortized debt discount	39,801
Unamortized debt discount	32,261
Convertible debts	30,000
Accrued interest
Common stock Shares	115,151,517

XML

Equity (Tables)

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Summarizes the Company's warrant activity

The following table summarizes the Company’s warrant activity for the three months ended June 30, 2013:

	Number of Units			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)		Intrinsic value
Outstanding at March 31, 2013		49,230,769		$	0.00		4.59	$	52,554
Exercises		(26,373,626	)		0.00		-		-
Forfeitures		(22,857,143	)		0.00		-		-
Outstanding at June 30, 2013		-		$	-		-	$	-

XML

Equity (Details) (USD $)	Jun. 30, 2013
Equity Details
Number of Units, Outstanding at March 31, 2013	49,230,769
Weighted-Average Exercise Price, Outstanding	$ 0
Weighted-Average Remaining Contractual Term (in years), Outstanding	4 years 7 months 2 days
Intrinsic value, Outstanding at June 30, 2013	52,554
Number of Units, Exercises	(26,373,626)
Weighted-Average Exercise Price, Exercises	0
Weighted-Average Remaining Contractual Term (in years), Exercises	0 years
Number of Units, Outstanding at March 31, 2013	(22,857,143)
Weighted-Average Exercise Price, Exercises	0
Weighted-Average Remaining Contractual Term (in years), Forfeitures	0 years
Intrinsic value, Outstanding at June 30, 2013
Weighted-Average Exercise Price, Exercises
Weighted-Average Remaining Contractual Term (in years), Forfeitures	0 years
Intrinsic value, Outstanding at June 30, 2013

XML

Derivative Liabilities (Details1) (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Notes to Financial Statements
Excess of fair value of the derivative over note payable	$ 2,685,091
Change in fair value	(1,485,720)
Total Derivative (Gain) Loss	$ 1,199,371	$ (258,017)

XML

Derivative Liabilities (Details) (USD $)	3 Months Ended
	Jun. 30, 2013
Notes to Financial Statements
Balance at March 31, 2013	$ 23,550
ASC 815-15 additions Asher Enterprise notes	132,409
ASC 815-15 additions Magna Group LLC notes	139,524
ASC 815-15 additions Other convertible notes	2,485,220
ASC 815-15 deletions Asher Enterprise notes	(96,892)
ASC 815-15 deletions Magna Group LLC notes	(130,120)
ASC 815-15 deletions Other convertible notes	(1,043,357)
ASC 815-15 deletions Asher Enterprise warrants	(24,614)
Change in fair value	(1,485,720)
Balance at June 30, 2013	$ 0

XML

Organization, Business Operations and Significant Accounting Policies

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 1 - ORGANIZATION, BUSINESS OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

Organization and Business Operations

Writers’ Group Film Corp. (“we”, “our”, “WRIT” or the “Company”) was incorporated in Delaware on March 9, 2007 to produce films, television programs and similar entertainment programs for various media formats.

Front Row Networks, Inc. (“Front Row”) was incorporated on July 27, 2010 in Nevada. The Company is a content creation company which produces, acquires and distributes live concerts in 3D for initial worldwide digital broadcast into digitally-enabled movie theaters, TV and mobile streaming providers.

On February 25, 2011, the Company acquired Front Row in exchange for 100,000,000 common shares in a transaction accounted for as a reverse merger. As a result of this transaction, Front Row’s shareholders became the Company’s majority shareholders. The accompanying unaudited interim financial statements of Writers’ Group Film Corp. have been prepared in accordance with accounting principles generally accepted in the United States of America and rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the initial period ended March 31, 2013 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements as reported in the annual report on Form 10-K have been omitted.

A reclassification has been made to the balance sheet as of March 31, 2013. There was no change to previously reported statement of operations or cash flow for the year ended March 31, 2013.

Correction of Prior Period

In accordance with the SEC’s Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company recorded a non-cash adjustment for the year ended March 31, 2012 which served to reduce additional paid in capital by $566,072 and increase debt discount and retained earnings by $9,942 and $556,130, respectively. See more discussion in Note 1 in Form 10-K filed on July 16, 2013.

To carry forward this non-cash adjustment to the quarter ended June 30, 2012 financials, the Company reduced additional paid in capital and debt discount by $566,072 and $19,062, respectively, and increased interest expense and retained deficit by $9,120 and $547,010, respectively. Consequently, the balance sheet as of June 30, 2012 and the statements of operations, cash flows for the three months ended June 30, 2012 were adjusted to reflect the correction of this error. In evaluating materiality and determining the appropriateness of applying SAB 108 to this error, the Company considered materiality both qualitatively and quantitatively as prescribed by the SEC’s Staff Accounting Bulletin No. 99.

Fair Value Measurements

As defined in ASC 820 “Fair Value Measurements”, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). 

The three levels of the fair value hierarchy defined by ASC 820 are as follows:

Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.

Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars.

Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of June 30, 2013 and March 31, 2013. As required by ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels.

As of June 30, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	-			$	-

As of  March 31, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	23,550			$	23,550

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Notes Payable

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 3 - NOTES PAYABLE

Notes payable consists of the following:

	June 30, 2013		March 31, 2013
Note payable, net of debt discount of $0 and $7,362,  respectively	$	100,000	$	101,700

Asher Enterprises Notes Payable

On January 30, 2013, the Company borrowed $32,500 from Asher Enterprises. The maturity date of this note is November 1, 2013. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading price for the Common Stock during the 20 trading day period ending on the latest complete trading day prior to the conversion date. As of June 30, 2013, the note is not convertible yet.

On April 10, 2013, the Company borrowed $28,000 from Asher Enterprises. The maturity date of this note is January 15, 2014. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading prices for the Common Stock during the twenty trading day period ending on the latest complete trading day prior to the conversion date. As of June 30, 2013, the note is not convertible yet.

On May 13, 2013 the Company borrowed $27,500 from Asher Enterprises. The maturity date of this note is February 17, 2014. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. After 180 days following the date of the note, Asher Enterprises has the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price will be 50% multiplied by the average of the lowest two trading prices for the Common Stock during the twenty trading day period ending on the latest complete trading day prior to the conversion date. As of June 30, 2013, the note is not convertible yet.

Mrs. Nancy Louise Jones

On November 26, 2010, the Company borrowed $60,562 from Mrs. Nancy Louise Jones, wife of Mr. John Diaz, the former CEO and major shareholder. The note carried zero interest and is due on September 8, 2013. On May 2, 2013, Nancy Louise Jones assigned her $60,562 note to Magna Group LLC (see Note 4). The maturity date of this amended note is January 2, 2014. This loan bears an interest rate of 12% per annum. The note is convertible into common stock at a price of 55% multiplied by the lowest volume weighted average price for the Common Stock during the five trading day period ending on the latest complete trading day prior to the conversion date. The Company evaluated the application of ASC 470-50 and ASC 470-60 and concluded the addition of a conversion feature constituted a debt extinguishment rather than a troubled debt restructuring or debt modification. See more discussion about the new debt in Note 4.

On June 12, 2013, the Company borrowed $12,000 from Mrs. Nancy Louise Jones. Out of the $12,000 debt proceeds $2,000 was paid to Mrs. Nancy Louise Jones for legal and administrative fees. The maturity date of this note is August 31, 2013. This loan bears an interest rate of 12% per annum.

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Equity

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 6 - EQUITY

For the Three Months Ended June 30, 2013:

Warrants

As discussed in Note 4, along with the note payable, the Company issued warrants to purchase 49,230,769 shares of common stock to Asher Enterprise Inc. The warrants expire 5 years after issuance and have an exercise price of $0.0000325. The exercise price can adjust downward if the Company issues common stock at a price per share lower than the current exercise price.  

On June 5, 2013, Asher Enterprises exercised 26,373,626 warrants for common stock. Instead of paying cash to the Company, Asher Enterprises forfeited the remaining 22,857,143 warrants as consideration given to exercise the warrants. The following table summarizes the Company’s warrant activity for the three months ended June 30, 2013:

	Number of Units			Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (in years)		Intrinsic value
Outstanding at March 31, 2013		49,230,769		$	0.00		4.59	$	52,554
Exercises		(26,373,626	)		0.00		-		-
Forfeitures		(22,857,143	)		0.00		-		-
Outstanding at June 30, 2013		-		$	-		-	$	-

Common Shares issued for convertible notes:

During the three months ended June 30, 2013, convertible debts of $48,145 along with accrued interest of $640 were converted into 465,589,979 common shares. See Note 4.   

Conversion of Preferred Stock into Common Stock

On May 1, 2103, Tal L Kapelner converted 10,000 shares of preferred stock series B into 100,000,000 common shares.

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Convertible Debt

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 4 - CONVERTIBLE DEBTS

Convertible debt outstanding, net of debt discount of $0 on March 31, 2013	$	20,727
Add: issuance of convertible debts, net of debt discount of $11,500		-
Assignment from Nancy Louise Jones, net of debt discount of $60,562		-
Reclassification from nonconvertible debt to convertible debt, net of debt discount of $7,362		8,638
Amortization of debt discount		47,163
Less: principal converted into common stock		(48,145	)
Convertible debt outstanding, net of debt discount of $32,261	$	28,383

During the three months ended June 30, 2013, $48,145 of convertible debts and $640 of accrued interest was converted into 465,589,979 shares of common stock.

Asher Enterprises, Inc.

On November 2, 2012, the Company borrowed $16,000 from Asher Enterprises. The maturity date of this note is August 5, 2013. This loan bears an interest rate of 8% per annum. Interest on overdue principal after default accrues at an annual rate of 22%. On May 1, 2013, after 180 days following the date of the note, the note became convertible. Asher Enterprises had the right to convert all or a portion of the remaining outstanding principal amount of this note into shares of the Company’s Common Stock. The conversion price was 25% multiplied by the lowest trading price for the Common Stock during the 120 trading day period ending on the latest complete trading day prior to the conversion date.  Along with the note payable, the Company issued warrants to purchase 49,230,769 shares of common stock. The warrants expire 5 years after issuance and have an exercise price of $0.0000325. The exercise price can adjust downward if the Company issues common stock at a price per share lower than the current exercise price.  Asher Enterprise converted principal of $16,000 and interest of 640 into 135,938,462 common shares, bringing the note balance to $0.  Debt discount of $7,362 was amortized during the three months ended June 30, 2013.

The Company analyzed the conversion option of the Asher note for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the embedded conversion feature should be classified as a liability due to there being no explicit limit to the number of shares to be delivered upon settlement of the above conversion options. The embedded conversion feature was measured at fair value at the date of inception and at the termination of the instrument with the change in fair value recorded to earnings.

The Company analyzed the warrants for derivative accounting consideration under ASC 815-15 “Derivatives and Hedging” and determined that the warrants should be classified as a liability due to their not being indexed to the Company’s common stock. The warrants were measured at fair value at the date of inception and at the end of each reporting period or termination of the instrument with the change in fair value recorded to earnings. See discussion related to the derivative liabilities in Note 5 and warrants in Note 6.

Magna Group, LLC

On May 2, 2013 Magna Group LLC purchased the note payable of $60,562 from Mrs. Nancy Louise Jones and entered into an amended debt agreement with the Company. See Note 3. On May 9, 2013, Magna issued another convertible note of $11,500 to the Company. The note bears interest of 12% per annum, is due on January 9, 2014 and is convertible into common shares at a price of 55% multiplied by the lowest volume weighted average price for the Common Stock during the five trading day period ending on the latest complete trading day prior to the conversion date. Magna converted debt principal of $30,000 into 115,151,517 common shares during the three months ended June 30, 2013.

As the Asher debt became convertible on May 1, 2013, the conversion option of Magna convertible notes became tainted, that is, under ASC 815-15 “Derivatives and Hedging”, it should be recorded as derivative liability. The derivative treatment resulted in a full debt discount on the Magna notes. During the three months ended June 30, 2013, debt discount of $39,801 was amortized and the unamortized discount is $32,261 as of June 30, 2013. As a result of the full conversion of Asher convertible debt on May 29, 2013, the derivative treatment on Magna debts ended and the derivative liabilities were reclassified back to equity.  See discussion in Note 5.

Other Third Party Convertible Notes

The convertible debts were issued in September 2009, bear an interest rate at 8% per annum, due in one year, and are convertible at $0.00001 per share.

During the three months ended June 30, 2013, debt principal of $2,145 has been converted into 214,500,000 common shares.

As the Asher debt became convertible on May 1, 2013, the conversion option of all other third party convertible notes became tainted. Under ASC 815-15 “Derivatives and Hedging”, it should be recorded as derivative liability. As a result of the full conversion of Asher convertible debt on May 29, 2013, the derivative treatment on these convertible debts ended and the derivative liabilities were reclassified back to equity.  See discussion in Note 5.

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Equity (Details Narrative) (USD $)	3 Months Ended
	Jun. 30, 2013
Convertible debts	$ 48,145
Accrued interest	640
Warrant [Member]
Forfeited the remaining warrants	22,857,143
Warrants for common stock	$ 26,373,626

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Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2013	Mar. 31, 2013
Current Liabilities
Convertible debt, net of unamortized discount	$ 32,261	$ 0
Convertible debt - related party, net of unamortized discount	0	0
Notes payable, net of unamortized discount	$ 0	$ 7,362
Shareholders' Deficit
Series A convertible preferred stock,Par value	$ 0.00001	$ 0.00001
Series A convertible preferred stock,authorized	130,000,000	130,000,000
Series A convertible preferred stock, issued	10,000	10,000
Series A convertible preferred stock outstanding	10,000	10,000
Series B convertible preferred stock,Par value	$ 0.00001	$ 0.00001
Series B convertible preferred stock,authorized	70,000,000	70,000,000
Series B convertible preferred stock, issued	0	10,000
Series B convertible preferred stock outstanding	0	10,000
Series C convertible preferred stock,Par value	0.00001	0.00001
Series C convertible preferred stock,authorized	20,000,000	20,000,000
Series C convertible preferred stock, issued	0	0
Series C convertible preferred stock outstanding	0	0
Common stock, Par value	$ 0.00001	$ 0.00001
Common stock, Authorized	20,000,000,000	20,000,000,000
Common stock, Issued	2,165,945,787	1,573,982,182
Common stock, outstanding	2,165,945,787	1,573,982,182

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Organization, Business Operations and Significant Accounting Policies (Tables)

3 Months Ended

Jun. 30, 2013

Organization Business Operations And Significant Accounting Policies Policies

ORGANIZATION, BUSINESS OPERATIONS AND SIGNIFICANT ACCOUNTING POLICIES

As of June 30, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	-			$	-

As of  March 31, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	23,550			$	23,550

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Consolidated Statement of Cash Flows (Unaudited) (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash Flows From Operating Activities
Net Income (loss)	$ (1,342,672)	$ 168,288
Adjustments to reconcile net loss to net cash used in operating activities:
Gain (loss) on derivative liability	1,199,371	(258,017)
Amortization of debt discount	49,163	15,120
Imputed interest on related party loan		1,211
Changes in operating assets and liabilities:
Account receivable, related party		42,850
Prepaid expenses and other current assets	(2,040)	(2,414)
Accounts payable	4,651	(23,564)
Accrued liabilities	18,961	8,510
Net cash used in operating activities	(72,566)	(48,016)
Cash Flows From Investing Activities
Loan repayment by related parties		75
Net cash provided by investing activities		75
Cash Flows From Financing Activities
Borrowing on short term notes payable	77,000	32,500
Proceeds from related party advances	1,513
Deferred financing costs	(5,000)
Net cash provided by financing activities	73,513	32,500
Net increase (decrease) in cash and cash equivalents	947	(15,441)
Cash and cash equivalents, beginning of period	1,143	15,599
Cash and cash equivalents, end of period	2,090	158
Supplemental disclosure information:
Income taxes paid
Interest paid
Non-cash financing activities:
Common shares issued for convertible debt and accrued interests	48,785	15,120
Cashless warrant exercise	264
Preferred Series B conversion to common stock	1,000
Debt discount resulting from recognition of derivative liability	72,062
Reclassification of derivative liabilities to additional paid-in capital	$ 1,294,981	$ 271,566

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Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2013	Mar. 31, 2013
Current Assets
Cash and cash equivalents	$ 2,090	$ 1,143
Accounts receivable, net	200	200
Prepaid expense and other assets	3,750	1,710
Deferred financing costs	8,500	3,500
Total current assets	14,540	6,553
Total Assets	14,540	6,553
Current Liabilities
Accounts payable	36,173	31,520
Accrued liabilities	57,754	39,433
Convertible debts, net of unamortized discount of 32,261 and $0, respectively	28,383	20,727
Convertible debts - related party, net of unamortized discount of $0 and $0 respectively	1,550	1,550
Notes payable, net of unamortized discount of $0 and $7,362, respectively	100,000	101,700
Due to related parties - short term	4,085	2,572
Derivative liabilities	0	23,550
Total current liabilities	227,945	221,052
Total Liabilities	227,945	221,052
Shareholders' Deficit
Preferred Stock:Series A convertible preferred stock, $.00001 par, 130,000,000 shares authorized, 10,000 shares issued and outstanding
Preferred Stock: Series B convertible preferred stock, $.00001 par, 70,000,000 shares authorized, 0 and 10,000 shares issued and outstanding, respectively
Preferred Stock:Series C convertible preferred stock, $.00001 par, 20,000,000 shares authorized, none issued and outstanding
Common stock,$0.00001 par,20,000,000,000 shares authorized,2,165,945,787 and 1,573,982,182 shares issued and outstanding, respectively	21,661	15,741
Additional paid in capital	1,731,867	394,021
Retained deficit	(1,966,933)	(624,261)
Total shareholders' deficit	(213,405)	(214,499)
Total Liabilities and Shareholders' Deficit	$ 14,540	$ 6,553

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Convertible Debt (Details) (USD $)	Mar. 31, 2013
Convertible Debt Details
Convertible debt outstanding, net of debt discount of $0 on March 31, 2013	$ 20,727
Add: issuance of convertible debts, net of debt discount of $11,500
Add: Assignment from Nancy Louise Jones, net of debt discount of $60,562
Add: reclassification from nonconvertible debt to convertible debt, net of debt discount of $7,362	8,638
Add: amortization of debt discount	47,163
Less: principal converted into common stock	(48,145)
Convertible debt outstanding, net of debt discount of $32,261	$ 28,383

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Organization, Business Operations and Significant Accounting Policies (Policies)

3 Months Ended

Jun. 30, 2013

Organization Business Operations And Significant Accounting Policies Policies

Organization and Business Operations

Writers’ Group Film Corp. (“we”, “our”, “WRIT” or the “Company”) was incorporated in Delaware on March 9, 2007 to produce films, television programs and similar entertainment programs for various media formats.

Front Row Networks, Inc. (“Front Row”) was incorporated on July 27, 2010 in Nevada. The Company is a content creation company which produces, acquires and distributes live concerts in 3D for initial worldwide digital broadcast into digitally-enabled movie theaters, TV and mobile streaming providers.

On February 25, 2011, the Company acquired Front Row in exchange for 100,000,000 common shares in a transaction accounted for as a reverse merger. As a result of this transaction, Front Row’s shareholders became the Company’s majority shareholders. The accompanying unaudited interim financial statements of Writers’ Group Film Corp. have been prepared in accordance with accounting principles generally accepted in the United States of America and rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the initial period ended March 31, 2013 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements as reported in the annual report on Form 10-K have been omitted.

A reclassification has been made to the balance sheet as of March 31, 2013. There was no change to previously reported statement of operations or cash flow for the year ended March 31, 2013.

Correction of Prior Period

In accordance with the SEC’s Staff Accounting Bulletin No. 108, “Considering the Effects of Prior Year misstatements when Quantifying Misstatements in Current Year Financial Statements,” the Company recorded a non-cash adjustment for the year ended March 31, 2012 which served to reduce additional paid in capital by $566,072 and increase debt discount and retained earnings by $9,942 and $556,130, respectively. See more discussion in Note 1 in Form 10-K filed on July 16, 2013.

To carry forward this non-cash adjustment to the quarter ended June 30, 2012 financials, the Company reduced additional paid in capital and debt discount by $566,072 and $19,062, respectively, and increased interest expense and retained deficit by $9,120 and $547,010, respectively. Consequently, the balance sheet as of June 30, 2012 and the statements of operations, cash flows for the three months ended June 30, 2012 were adjusted to reflect the correction of this error. In evaluating materiality and determining the appropriateness of applying SAB 108 to this error, the Company considered materiality both qualitatively and quantitatively as prescribed by the SEC’s Staff Accounting Bulletin No. 99.

Fair Value of Measurement

As defined in ASC 820 “Fair Value Measurements”, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on the observability of those inputs. ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement). 

The three levels of the fair value hierarchy defined by ASC 820 are as follows:

Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reporting date. Active markets are those in which transactions for the asset or liability occur in sufficient frequency and volume to provide pricing information on an ongoing basis. Level 1 primarily consists of financial instruments such as exchange-traded derivatives, marketable securities and listed equities.

Level 2 – Pricing inputs are other than quoted prices in active markets included in level 1, which are either directly or indirectly observable as of the reported date. Level 2 includes those financial instruments that are valued using models or other valuation methodologies. These models are primarily industry-standard models that consider various assumptions, including quoted forward prices for commodities, time value, volatility factors, and current market and contractual prices for the underlying instruments, as well as other relevant economic measures. Substantially all of these assumptions are observable in the marketplace throughout the full term of the instrument, can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Instruments in this category generally include non-exchange-traded derivatives such as commodity swaps, interest rate swaps, options and collars.

Level 3 – Pricing inputs include significant inputs that are generally less observable from objective sources. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

The following table sets forth by level within the fair value hierarchy the Company’s financial assets and liabilities that were accounted for at fair value as of June 30, 2013 and March 31, 2013. As required by ASC 820, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment, and may affect the valuation of fair value assets and liabilities and their placement within the fair value hierarchy levels.

As of June 30, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	-			$	-

As of  March 31, 2013	Total		Quoted Prices in Active Markets for Identical Instruments Level 1	Significant Other Observable Inputs Level 2	Significant Unobservable Inputs Level 3
Derivative Liabilities	$	23,550			$	23,550

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Convertible Debt (Tables)

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Convertible Notes

Convertible debt outstanding, net of debt discount of $0 on March 31, 2013	$	20,727
Add: issuance of convertible debts, net of debt discount of $11,500		-
Assignment from Nancy Louise Jones, net of debt discount of $60,562		-
Reclassification from nonconvertible debt to convertible debt, net of debt discount of $7,362		8,638
Amortization of debt discount		47,163
Less: principal converted into common stock		(48,145	)
Convertible debt outstanding, net of debt discount of $32,261	$	28,383

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Subsequent Events

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 7 - SUBSEQUENT EVENTS

In July 2013, the Company issued 40,000,000 common shares for cash of $20,000.

In July 2013, the Company issued a promissory note of $10,000. The note carries zero interest and was due on August 9, 2013.

In July, 2013 and August, 2013, Magna Group LLC converted debt principal of $21,200 into 128,484,849 common shares.

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Going Concern

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 2 - GOING CONCERN

As reflected in the accompanying consolidated unaudited financial statements, the Company has an accumulated deficit of $1,966,933 at June 30, 2013 that includes loss of $1,342,672 for the three months ended June 30, 2013. The Company also had a working capital deficiency of $213,405 at June 30, 2013. These factors raise substantial doubt about the ability of the Company to continue as a going concern. The consolidated financial statements have been prepared on a going concern basis and do not include any adjustments that might result from outcome of this uncertainty.

Although management is currently attempting to implement its business plan, and is seeking additional sources of equity or debt financing, there is no assurance these activities will be successful.

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Organization, Business Operations and Significant Accounting Policies (Details) (USD $)	Jun. 30, 2013	Mar. 31, 2013
Derivative liabilities		$ 23,550
Significant Unobservable Inputs Level 3 [Member]
Derivative liabilities
Quoted Prices in Active Markets for Identical Instruments Level 1 [Member]
Derivative liabilities		23,550
Significant Other Observable Inputs Level 2 [Member]
Derivative liabilities
Significant Unobservable Inputs Level 3 [Member]
Derivative liabilities

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Notes Payable (Tables)

3 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note payable consists

Notes payable consists of the following:

	June 30, 2013		March 31, 2013
Note payable, net of debt discount of $0 and $7,362,  respectively	$	100,000	$	101,700

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Notes Payable (Details) (USD $)	Jun. 30, 2013	Mar. 31, 2013
Notes Payable Details
Note payable, net of debt discount of $7,362 and $0 respectively	$ 100,000	$ 101,700

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Organization, Business Operations and Significant Accounting Policies (Details Narrative) (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Mar. 31, 2013
Organization Business Operations And Significant Accounting Policies Policies
Additional paid-in capital	$ 566,072		$ 566,072
Increase debt discount	9,942	556,130
Increase debt discount other	19,062
Retained earning	556,130	547,010	556,130
Increase in derivative liability		$ 566,072

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Document and Entity Information	3 Months Ended
	Jun. 30, 2013	Aug. 16, 2013
Document And Entity Information
Entity Registrant Name	WRITERS GROUP FILM CORP.
Entity Central Index Key	0001413547
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Is Entity a Well-known Seasoned Issuer	No
Is Entity a Voluntary Filer	No
Is Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,334,430,636
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2014

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Going Concern (Details Narrative) (USD $)	3 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Mar. 31, 2013
Going Concern Details Narrative
Accumulated deficit	$ 1,966,933		$ 624,261
Net loss	1,342,672	(168,288)
Working capital deficiency	$ 213,405		$ 214,499