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3. Equipment, net

6 Months Ended

Oct. 31, 2014

Property, Plant and Equipment [Abstract]

Equipment, net, is recorded at cost and consisted of the following at October 31, 2014 and April 30, 2014:

	October 31,			April 30,
	2014			2014
Equipment	$	63,676		$	–

Accumulated depreciation		(31,440	)		–

Equipment, net	$	32,236		$	–

Depreciation expense was $2,634 and $324 for the six months ended October 31, 2014 and 2013, respectively. The balance of equipment at October 31, 2014 was a result of the merger with STVU on July 31, 2014 and equipment purchases of $10,373 during the six months ended October 31, 2014. In April 2014, in conjunction with the Company’s change in control, the total amount of film equipment was disposed of at a loss of $498.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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