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1. Description of Business and Basis of Presentation
6 Months Ended
Sep. 30, 2015
Notes  
1. Description of Business and Basis of Presentation

1.             DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION[j1] 

 

Starflick.Com Incorporated the “Company”) was formed on March 24, 2011 with planned principal operations as an independent motion picture producer.

 

Starflick.com was created to fulfill the market of “indie” films, and to allow independent producers and the smaller film industry to have a platform for broadcasting and advertising their films.  Low-budget films (films produced under $2 Million) have barriers to entry for penetrating their target audience. With the Internet age, Starflick.com planned on making a platform which would allow these films to be broadcasted through IP streaming. 

 

Part of Starflick.com’s business model is to charge a subscription fee for stream the service to its future customer base.

 

In late 2014, the Company has revised its business plan to incorporate establishing partnerships and affiliates with companies in the movie and entertainment industry.

 

In 2015, the Company has amended its business plan to include opportunities for streaming movies as well as downloading movies for repeatable use that abide by the public domain laws of distributing those contents.

 

In early 2015, the Company has updated its website and put the digital data/content on new servers which would be later used or anticipated to be used for streaming more content at higher bandwidth.

 

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the US (US GAAP) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements. The accompanying consolidated financial statements at September 30, 2015 and March 31, 2015 and for the three and six months ended September 30, 2015 and 2014 contain all normally recurring adjustments considered necessary for a fair presentation of our financial position, results of operations, cash flows and shareholders’ equity for such periods. Certain prior-period amounts have been reclassified to conform to the current-period presentation. Operating results for the three and six months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the year ending March 31, 2016. These consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended March 31, 2015.