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Note 3 - Accounts Receivable and Inventory
9 Months Ended
Sep. 30, 2013
Notes  
Note 3 - Accounts Receivable and Inventory

NOTE 3 – ACCOUNTS RECEIVABLE AND INVENTORY

 

Accounts receivable represents the net amount due from WEA/Warner Music Group from the sale of Top Sale music CD’s and ESMG’s digital music releases through September 30, 2013. Inventory represents the finished cost of Top Sail’s music CD’s (including prepaid royalties to music artists) available for resale to consumers, less a reserve of $3,729.