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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Family Room Entertainment Corp (CE) | USOTC:FMYR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0002 | 0.00 | 01:00:00 |
[X]
|
Annual
report pursuant to section 13 or 15(d) of the Securities Exchange Act of
1934 for the fiscal year ended June 30,
2008
|
June
30,
|
||||
Major
Customers
|
2008
|
2007
|
||
NuImage/Millennium Films
|
59.59%
|
98.97%
|
||
Lions
Gate Films
|
27.86%
|
0.00%
|
||
After
Dark
|
6.19%
|
0.00%
|
||
Others
|
6.36%
|
1.03%
|
||
Total
Revenue
|
100.00%
|
100.00%
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Speedway
Junky
|
Jesse
Bradford,
|
Picture
originally produced
|
||||||||||||||||
Jordan
Brower,
|
by
a third party financier.
|
|||||||||||||||||
1-Sep
|
Jonathan
Taylor
|
FMLY
subsequently
|
||||||||||||||||
Thomas,
Tiffani
|
acquired
50% ownership
|
|||||||||||||||||
Theatrical
|
Amber
Theisssen,
|
from
the financier and
|
||||||||||||||||
Warren
G, Daryl
|
receives
royalties if any
|
|||||||||||||||||
Hannah
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include the
|
|||||||||||||||||
Producers
|
negotiation
of financing
|
|||||||||||||||||
and
distribution of the
|
||||||||||||||||||
picture,
and consulting
|
||||||||||||||||||
services
|
||||||||||||||||||
Held
For Ransom
|
Dennis
Hopper,
|
Picture
originally produced
|
101,912
|
|||||||||||||||
Zachery
Ty Bryan,
|
by
a third party financier.
|
|||||||||||||||||
Aug-00
|
Kam
Heskin,
|
FMYR
subsequently
|
||||||||||||||||
Jordan
Brower,
|
acquired
100% ownership
|
|||||||||||||||||
Video/Cable
|
Randy
Spelling,
|
from
said third party.
|
||||||||||||||||
Tsianina
Joelson,
|
receives
royalties, if any.
|
|||||||||||||||||
&
Morgan Fairchild
|
||||||||||||||||||
After
Sex
|
Brooke
Shields,
|
Picture
originally produced
|
||||||||||||||||
Virginia
Madsen,
|
by
a third party financier.
|
|||||||||||||||||
Aug-00
|
D.B.
Sweeney,
|
FMYR
subsequently
|
||||||||||||||||
Dan
Cortese,
|
acquired
100% ownership
|
|||||||||||||||||
Video/Cable
|
Maria
Pitillo, &
|
from
the financier and
|
||||||||||||||||
Johnathon
Schaech
|
receives
royalties, if any.
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
I'm
Over Here Now
|
Andrew
"Dice"
|
Picture
produced
|
||||||||||||||||
Clay
|
by
a third party financier.
|
|||||||||||||||||
Mar-00
|
FMYR
retains profit
|
|||||||||||||||||
participation,
if any.
|
||||||||||||||||||
Pay-per-View/
Video
|
No
profit participation
|
|||||||||||||||||
payments
received to date.
|
||||||||||||||||||
Good
Advice
|
Charlie
Sheen,
|
Picture
produced by FMYR
|
||||||||||||||||
Angie
Harmon,
|
in
conjunction with a third
|
|||||||||||||||||
1-Dec
|
Denise
Richards,
|
party.
FMYR retains
|
||||||||||||||||
Rosanna
Arquette,
|
primary
ownership and
|
|||||||||||||||||
Video/Cable
|
&
Jon Lovitz
|
receives
royalties, if any.
|
||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include the
|
|||||||||||||||||
Producers
|
negotiation
of financing
|
|||||||||||||||||
and
distribution of the
|
||||||||||||||||||
picture,
and consulting
|
||||||||||||||||||
services
during
|
||||||||||||||||||
development,
during
|
||||||||||||||||||
principal
photography,
|
||||||||||||||||||
and
during post
|
||||||||||||||||||
production
(to ensure
|
||||||||||||||||||
that
the film was
|
||||||||||||||||||
completed
on time and
|
||||||||||||||||||
within
budget).
|
||||||||||||||||||
Ticker
|
Tom
Sizemore,
|
Produced
by a third party
|
||||||||||||||||
Steven
Seagal,
|
financier.
FMYR provided
|
|||||||||||||||||
1-Dec
|
Jamie
Pressly, &
|
production
services and
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Dennis
Hopper
|
financing
and received
|
|||||||||||||||||
Video/Cable
|
a
fee and profit
|
|||||||||||||||||
participation,
If any. No
|
||||||||||||||||||
profit
participation to
|
||||||||||||||||||
received
to date
|
||||||||||||||||||
The
Badge
|
Billy
Bob Thornton,
|
Produced
by a third party
|
||||||||||||||||
(f/k/a
Behind the Sun)
|
Patricia
Arquette,
|
financier.
FMYR provided
|
||||||||||||||||
&
Seal Ward
|
production
services and
|
|||||||||||||||||
2-Sep
|
received
a fee and
|
|||||||||||||||||
profit
participation, if any.
|
||||||||||||||||||
Video/Cable
|
No
profit participation
|
|||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include the
|
|||||||||||||||||
Executive
Producers
|
negotiation
of financing
|
|||||||||||||||||
and
distribution of the
|
||||||||||||||||||
picture,
and consulting
|
||||||||||||||||||
services
during develop-
|
||||||||||||||||||
ment,
during principal photo-
|
||||||||||||||||||
graphy,
and during post
|
||||||||||||||||||
production
(to ensure that,
|
||||||||||||||||||
On
behalf of the financier
|
||||||||||||||||||
and
distributor, that creative
|
||||||||||||||||||
and
financial resources
|
||||||||||||||||||
were
fully utilized)
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Run
for the Money
|
Christian
Slater,
|
Produced
by a third party
|
||||||||||||||||
Val
Kilmer,
|
financier.
FMYR provided
|
|||||||||||||||||
2-Feb
|
Daryl
Hannah,
|
production
services and
|
||||||||||||||||
Bokeem
Woodbine,
|
received
a fee and
|
|||||||||||||||||
Video/Cable
|
&
Vern Troyer
|
profit
participation, if any.
|
||||||||||||||||
No
profit participation
|
||||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include following:
|
|||||||||||||||||
Producers
|
Negotiated
for the acting
|
|||||||||||||||||
services
of Val Kilmer,
|
||||||||||||||||||
Christian
Slater and Daryl
|
||||||||||||||||||
Hannah;
negotiated for the
|
||||||||||||||||||
financing
and distribution
|
||||||||||||||||||
of
the film and provided
|
||||||||||||||||||
consulting
services during
|
||||||||||||||||||
development,
during
|
||||||||||||||||||
principal
photography,
|
||||||||||||||||||
and
during post production
|
||||||||||||||||||
(to
ensure that, on
|
||||||||||||||||||
behalf
of the financier
|
||||||||||||||||||
and
distributor, that creative
|
||||||||||||||||||
and
financial resources
|
||||||||||||||||||
were
fully utilized)
|
||||||||||||||||||
Half
Past Dead
|
Steven
Seagal,
|
Produced
by a third party
|
||||||||||||||||
Morris
Chestnut,
|
financier.
FMYR provided
|
|||||||||||||||||
2-Nov
|
&
Ja Rule
|
production
services and
|
||||||||||||||||
received
a fee and profit
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Theatrical
|
participation,
if any. No profit
|
|||||||||||||||||
participation
received to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services prov-
|
|||||||||||||||||
George
Furla
|
ided
included negotiating
|
|||||||||||||||||
Executive
Producers
|
for
the services of Steven
|
|||||||||||||||||
Segal
for the picture
|
||||||||||||||||||
Narc
|
Ray
Liotta,
|
Produced
by a third party
|
||||||||||||||||
Jason
Patric,
|
financier.
FMYR provided
|
|||||||||||||||||
2-Dec
|
&
Busta Rhymes
|
production
services and
|
||||||||||||||||
financing
and received
|
||||||||||||||||||
Theatrical
|
a
fee and profit participation,
|
|||||||||||||||||
if
any. No profit participation
|
||||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include consulting
|
|||||||||||||||||
Executive
Producers
|
on
the financing of the
|
|||||||||||||||||
of
the picture.
|
||||||||||||||||||
The
Devil and
|
Alec
Baldwin,
|
Produced
by a third party
|
||||||||||||||||
Daniel
Webster
|
Anthony
Hopkins,
|
financier.
FMYR provided
|
||||||||||||||||
&
Jennifer Love
|
production
services and
|
|||||||||||||||||
3-Mar
|
Hewitt
|
received
a fee and
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
profit
participation, if any.
|
||||||||||||||||||
Video/Cable
|
No
profit participation
|
|||||||||||||||||
(Foreign
Release)
|
received
to date.
|
|||||||||||||||||
All
I Want
|
Elijah
Wood,
|
Produced
by a third party
|
||||||||||||||||
(f/k/a
Try Seventeen)
|
Franka
Potente,
|
financier.
FMYR provided
|
||||||||||||||||
&
Mandy Moore
|
production
services and
|
|||||||||||||||||
3-Sep
|
received
a fee and
|
|||||||||||||||||
profit
participation, if any.
|
||||||||||||||||||
Video/Cable
|
No
profit participation
|
|||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Producers
|
consulting
on the financing
|
|||||||||||||||||
of
the picture.
|
||||||||||||||||||
Out
for a Kill
|
Steven
Seagal
|
Produced
by a third party
|
||||||||||||||||
financier.
FMYR provided
|
||||||||||||||||||
3-Aug
|
production
services and
|
|||||||||||||||||
received
a fee and
|
||||||||||||||||||
Video/Cable
|
profit
participation, if any.
|
|||||||||||||||||
No
profit participation
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Producers
|
negotiating
for the services
|
|||||||||||||||||
of
Steven Segal for the
|
||||||||||||||||||
picture
and providing
|
||||||||||||||||||
consulting
services during
|
||||||||||||||||||
development,
on location
|
||||||||||||||||||
and
during principal
|
||||||||||||||||||
photography
|
||||||||||||||||||
(to
ensure that the film
|
||||||||||||||||||
was
completed on time and
|
||||||||||||||||||
within
budget).
|
||||||||||||||||||
Belly
of the Beast
|
Steven
Seagal
|
Produced
by a third party
|
||||||||||||||||
financier.
FMYR provided
|
||||||||||||||||||
3-Dec
|
production
services and
|
|||||||||||||||||
received
a fee and
|
||||||||||||||||||
Video/Cable
|
profit
participation, if any.
|
|||||||||||||||||
No
profit participation
|
||||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Executive
Producers
|
negotiating
for the services
|
|||||||||||||||||
of
Steven Segal for the
|
||||||||||||||||||
picture
and providing
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
consulting
services during
|
||||||||||||||||||
development,
on location
|
||||||||||||||||||
and
during principal
|
||||||||||||||||||
photography
|
||||||||||||||||||
(to
ensure that the film
|
||||||||||||||||||
was
completed on time and
|
||||||||||||||||||
within
budget).
|
||||||||||||||||||
Blind
Horizon
|
Val
Kilmer,
|
Produced
by a third party
|
||||||||||||||||
Neve
Campbell,
|
financier.
FMYR provided
|
|||||||||||||||||
4-Dec
|
Sam
Shepard &
|
production
services and
|
||||||||||||||||
Faye
Dunaway
|
received
a fee and
|
|||||||||||||||||
profit
participation, if any.
|
||||||||||||||||||
Video/Cable
|
No
profit participation
|
|||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Producers
|
negotiating
for the acting
|
|||||||||||||||||
services
of Val Kilmer,
|
||||||||||||||||||
negotiating
for the financing
|
||||||||||||||||||
and
distribution of the
|
||||||||||||||||||
picture
and providing
|
||||||||||||||||||
consulting
services during
|
||||||||||||||||||
development,
during
|
||||||||||||||||||
principal
photography and
|
||||||||||||||||||
during
post production
|
||||||||||||||||||
(to
ensure that, on
|
||||||||||||||||||
behalf
of the financier
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
and
financial resources
|
||||||||||||||||||
were
fully utilized)
|
||||||||||||||||||
Control
|
Ray
Liotta, &
|
Produced
by a third party
|
||||||||||||||||
William
Dafoe
|
financier.
FMLY provided
|
|||||||||||||||||
5-Feb
|
production
services and
|
|||||||||||||||||
received
a fee and
|
||||||||||||||||||
profit
participation, if any.
|
||||||||||||||||||
Video/Cable
|
No
profit participation
|
|||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include negotiating
|
|||||||||||||||||
Producers
|
for
the acquisition of the
|
|||||||||||||||||
rights
in and to the screen-
|
||||||||||||||||||
play
upon which the picture
|
||||||||||||||||||
was
based and negotiating
|
||||||||||||||||||
the
acting services
|
||||||||||||||||||
agreement
with Ray Liotta.
|
||||||||||||||||||
Also
performed consulting
|
||||||||||||||||||
services
during principal
|
||||||||||||||||||
photography
and through-
|
||||||||||||||||||
out
the post production
|
||||||||||||||||||
process
to assist in getting
|
||||||||||||||||||
the
picture completed on
|
||||||||||||||||||
time
and within budget.
|
||||||||||||||||||
Love
Song for Bobby Long
|
John
Travolta &
|
Produced
by a third party
|
||||||||||||||||
Scarlett
Johansson
|
financier.
FMYR provided
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
production
services and
|
||||||||||||||||||
4-Dec
|
received
a fee and
|
|||||||||||||||||
profit
participation, if any.
|
||||||||||||||||||
Theatrical
|
No
profit participation
|
|||||||||||||||||
received
to date.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include consulting
|
|||||||||||||||||
Executive
Producers
|
in
the negotiations for the
|
|||||||||||||||||
acting
services of John
|
||||||||||||||||||
Travolta
for the picture.
|
||||||||||||||||||
The
Amityville Horror
|
Ryan
Reynolds, &
|
Produced
by a third party
|
||||||||||||||||
Melissa
George
|
financier.
FMYR provided
|
|||||||||||||||||
5-Apr
|
development
services and
|
|||||||||||||||||
received
a fee.
|
||||||||||||||||||
Theatrical
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include negotiating
|
|||||||||||||||||
Co-
Executive Producers
|
for
the acquisition of the
|
|||||||||||||||||
rights
in and to the picture
|
||||||||||||||||||
and
subsequently
|
||||||||||||||||||
negotiated
for their sale
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
to
NuImage.
|
||||||||||||||||||
Edison
|
Morgan
Freeman,
|
Produced
by a third party
|
||||||||||||||||
Justin
Timberlake,
|
financier.
FMYR provided
|
|||||||||||||||||
6-Aug
|
LL
Cool J, &
|
production
services and
|
||||||||||||||||
Kevin
Spacey
|
received
a fee and
|
|||||||||||||||||
profit
participation, if any,
|
||||||||||||||||||
in
the film.
|
||||||||||||||||||
video/cable
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include negotiating
|
|||||||||||||||||
Producers
|
for
the acquisition of the
|
|||||||||||||||||
rights
in and to the screen-
|
||||||||||||||||||
play
upon which the picture
|
||||||||||||||||||
was
based as well as
|
||||||||||||||||||
the
acting services
|
||||||||||||||||||
agreements
of Morgan
|
||||||||||||||||||
Freeman,
Justin Timberlake,
|
||||||||||||||||||
LL
Cool J and Kevin
|
||||||||||||||||||
Spacey.
Also provided
|
||||||||||||||||||
consulting
services
|
||||||||||||||||||
during
principal
|
||||||||||||||||||
photography
and the post
|
||||||||||||||||||
production
process.
|
||||||||||||||||||
(to
ensure that, on
|
||||||||||||||||||
behalf
of the financier
|
||||||||||||||||||
and
distributor, that creative
|
||||||||||||||||||
and
financial resources
|
||||||||||||||||||
were
fully utilized)
|
||||||||||||||||||
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Submerged
|
Steven
Seagal
|
Produced
by a third party
|
||||||||||||||||
financier.
FMYR provided
|
||||||||||||||||||
5-Jun
|
development
services and
|
|||||||||||||||||
received
a fee.
|
||||||||||||||||||
Video/Cable
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Producers
|
negotiating
an acting
|
|||||||||||||||||
services
agreement with
|
||||||||||||||||||
Steven
Segal for the
|
||||||||||||||||||
picture
and providing
|
||||||||||||||||||
consulting
services during
|
||||||||||||||||||
development,
and on
|
||||||||||||||||||
location
during principal
|
||||||||||||||||||
photography.
|
||||||||||||||||||
The
Tenants
|
Dylan
McDermott,
|
Produced
by a third party
|
||||||||||||||||
Snoop
Doggy Dogg,
|
financier.
FMYR provided
|
|||||||||||||||||
6-Feb
|
&
Peter Falk
|
production
services and
|
||||||||||||||||
financing
and received
|
||||||||||||||||||
a
fee and profit
|
||||||||||||||||||
Theatrical
|
participation,
if any, in
|
|||||||||||||||||
Distribution
Guarantee
|
the
film.
|
1,300,000
|
||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Producers
|
negotiating
the financing
|
|||||||||||||||||
of
the picture and its
|
||||||||||||||||||
distribution
by NuImage.
|
||||||||||||||||||
Today
You Die
|
Steven
Seagal
|
Produced
by a third party
|
||||||||||||||||
financier.
FMYR provided
|
||||||||||||||||||
5-Sep
|
production
services and
|
|||||||||||||||||
received
a fee and profit
|
||||||||||||||||||
participation,
if any, in
|
||||||||||||||||||
Video/Cable
|
the
film
|
|||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Producers
|
negotiating
an acting
|
|||||||||||||||||
services
agreement with
|
||||||||||||||||||
Steven
Segal for the
|
||||||||||||||||||
picture
and providing
|
||||||||||||||||||
consulting
services during
|
||||||||||||||||||
development,
and on
|
||||||||||||||||||
location
during principal
|
||||||||||||||||||
photography.
|
||||||||||||||||||
Wonderland
|
Val
Kilmer,
|
Produced
by a third party
|
||||||||||||||||
Kate
Bosworth,
|
financier.
FMYR provided
|
|||||||||||||||||
3-Oct
|
Lisa
Kudrow,
|
development
services and
|
||||||||||||||||
Josh
Lucas &
|
received
a fee.
|
|||||||||||||||||
Theatrical
|
Dylan
Mcdermott
|
|||||||||||||||||
Randall
Emmett &
|
Production
services
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Executive
Producers
|
obtaining
financing
|
|||||||||||||||||
and
negotiating for the
|
||||||||||||||||||
distribution
of the picture.
|
||||||||||||||||||
Loverboy
|
Kyra
Sdgwick,
|
Produced
by a third party
|
||||||||||||||||
Kevin
Bacon,
|
financier.
FMYR provided
|
|||||||||||||||||
5-May
|
Sandra
Bullock,
|
development
services and
|
||||||||||||||||
Matt
Dillon,
|
received
a fee.
|
|||||||||||||||||
Theatrical
|
Oliver
Platt &
|
|||||||||||||||||
Marissa
Tomei
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Co-
Executive Producers
|
consulting
on the financing
|
|||||||||||||||||
and
distribution of the
|
||||||||||||||||||
picture.
|
||||||||||||||||||
Shottas
|
Ky-Mani
Marley,
|
Produced
by a third party
|
||||||||||||||||
Spragga
Benz,
|
financier.
FMYR provided
|
|||||||||||||||||
5-Dec
|
Wyclef
Jean,
|
post-production
services
|
||||||||||||||||
(Estimated
Release)
|
&
Louie Rankin
|
and
financing and will
|
||||||||||||||||
receive
a fee and profit
|
||||||||||||||||||
Video/Cable
|
participation,
if any, in
|
|||||||||||||||||
the
film.
|
||||||||||||||||||
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Co-
Executive Producers
|
consulting
on the financing
|
|||||||||||||||||
and
distribution of the
|
||||||||||||||||||
picture.
|
||||||||||||||||||
Before
It Had A
|
William
Dafoe
|
Produced
by a third party
|
||||||||||||||||
Name
f/k/a Black
|
financier.
FMYR provided
|
|||||||||||||||||
Widow
f/ka The
|
development
services
|
|||||||||||||||||
Widow's
Lover
|
and
received a fee.
|
|||||||||||||||||
7-Aug
|
||||||||||||||||||
Scheduled
Release)
|
||||||||||||||||||
Video/Cable
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include obtaining
|
|||||||||||||||||
Executive
Producers
|
financing,
negotiating for
|
|||||||||||||||||
distribution
of the picture,
|
||||||||||||||||||
and
providing consulting
|
||||||||||||||||||
services
during
|
||||||||||||||||||
development,
and on
|
||||||||||||||||||
location
during principal
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
photography.
|
||||||||||||||||||
Lonely
Hearts
|
John
Travolta,
|
Produced
by a third party
|
||||||||||||||||
James
Gandofini,
|
financier.
FMYR provided
|
|||||||||||||||||
7-Apr
|
&
Salma Hayek
|
development
services
|
||||||||||||||||
and
received a fee.
|
||||||||||||||||||
Theatrical
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Co-Executive
Producers
|
negotiating
an acting
|
|||||||||||||||||
services
agreement for this
|
||||||||||||||||||
picture
with John Travolta
|
||||||||||||||||||
and
providing consulting
|
||||||||||||||||||
services
during
|
||||||||||||||||||
development,
and on
|
||||||||||||||||||
location
during principal
|
||||||||||||||||||
photography.
|
||||||||||||||||||
Mercenary
for
|
Steven
Seagal
|
Produced
by a third party
|
||||||||||||||||
Justice
f/k/a Mercenary
|
financier.
FMYR provided
|
|||||||||||||||||
6-Apr
|
production
services and
|
|||||||||||||||||
and
received a fee.
|
||||||||||||||||||
Video/Cable
|
2005
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include
|
|||||||||||||||||
Producers
|
negotiating
an acting
|
|||||||||||||||||
services
agreement with
|
||||||||||||||||||
Steven
Segal for the
|
||||||||||||||||||
picture
and providing
|
||||||||||||||||||
consulting
services during
|
||||||||||||||||||
development,
and on
|
||||||||||||||||||
location
during principal
|
||||||||||||||||||
photography.
|
||||||||||||||||||
Note: We
do not have a
|
||||||||||||||||||
contract
on this project;
|
||||||||||||||||||
and
are uncertain about
|
||||||||||||||||||
profit
participation.
|
||||||||||||||||||
16
Blocks
|
Bruce
Willis
|
Produced
by a third party
|
||||||||||||||||
Mos
Def
|
financier.
FMYR provided
|
|||||||||||||||||
6-Mar
|
production
services and
|
|||||||||||||||||
and
received a fee.
|
||||||||||||||||||
2005.
Additionally, we
|
||||||||||||||||||
Theatrical
|
will
receive a profit
|
|||||||||||||||||
participation,
if any, in the
|
||||||||||||||||||
film.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include negotiating
|
|||||||||||||||||
Producer/
|
for
the acquisition of the
|
|||||||||||||||||
Executive
Producer
|
rights
in and to the screen-
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
play
upon which the picture
|
||||||||||||||||||
was
based as well as
|
||||||||||||||||||
the
acting services
|
||||||||||||||||||
agreements
of Bruce
|
||||||||||||||||||
Willis
and the directing
|
||||||||||||||||||
services
of Richard
|
||||||||||||||||||
Donner.
Also provided
|
||||||||||||||||||
consulting
services
|
||||||||||||||||||
during
principal
|
||||||||||||||||||
photography
and the post
|
||||||||||||||||||
production
process.
|
||||||||||||||||||
Borderland
|
Brian
Presley
|
Picture
produced by FMYR
|
899,915
|
|||||||||||||||
Jake
Muxworthy
|
in
conjunction with a third
|
200,000
|
||||||||||||||||
8-Oct
|
Rider
Strong
|
party.
FMYR retains
|
||||||||||||||||
Sean
Astin
|
50%
ownership and
|
|||||||||||||||||
Theatrical
|
Beto
Cuevas
|
receives
royalties, if any.
|
||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include the
|
|||||||||||||||||
Producers
|
negotiation
of financing
|
|||||||||||||||||
and
distribution of the
|
||||||||||||||||||
picture,
and consulting
|
||||||||||||||||||
services
during
|
||||||||||||||||||
development,
during
|
||||||||||||||||||
principal
photography,
|
||||||||||||||||||
and
during post
|
||||||||||||||||||
production
(to ensure
|
||||||||||||||||||
that
the film was
|
||||||||||||||||||
completed
on time and
|
||||||||||||||||||
within
budget).
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
The
Wicker Man
|
Nicolas
Cage
|
Produced
by a third party
|
||||||||||||||||
Ellen
Burstyn
|
financier.
FMYR provided
|
|||||||||||||||||
6-Sep
|
Leelee
Sobieski
|
production
services and
|
||||||||||||||||
will
receive a producers
|
||||||||||||||||||
fee
in the first quarter of
|
||||||||||||||||||
Theatrical
|
2006.
Additionally, we
|
|||||||||||||||||
will
receive a profit
|
||||||||||||||||||
participation,
if any, in the
|
||||||||||||||||||
film.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include negotiating
|
|||||||||||||||||
Producer/
|
for
the acquisition of the
|
|||||||||||||||||
Executive
Producer
|
rights
in and to the screen-
|
|||||||||||||||||
play
upon which the picture
|
||||||||||||||||||
was
based as well as
|
||||||||||||||||||
the
acting services
|
||||||||||||||||||
agreements
of Nicolas
|
||||||||||||||||||
Cage
and the directing
|
||||||||||||||||||
services
of Neil
|
||||||||||||||||||
La
Bute Also provided
|
||||||||||||||||||
consulting
services
|
||||||||||||||||||
during
principal
|
||||||||||||||||||
photography
and the post
|
||||||||||||||||||
production
process.
|
||||||||||||||||||
300,000
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
The
Contract
|
Morgan
Freeman
|
Produced
by a third party
|
||||||||||||||||
John
Cusack
|
financier.
FMYR provided
|
|||||||||||||||||
1-Jul
|
production
services and
|
|||||||||||||||||
will
receive a producers
|
||||||||||||||||||
fee
in the first quarter of
|
||||||||||||||||||
Video/Cable
|
2006.
Additionally, we
|
|||||||||||||||||
will
receive a profit participation,
|
||||||||||||||||||
if
any, in the film.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include negotiating
|
|||||||||||||||||
Producer/
|
for
the acquisition of the
|
|||||||||||||||||
Executive
Producer
|
rights
in and to the screen-
|
|||||||||||||||||
play
upon which the picture
|
||||||||||||||||||
was
based as well as
|
||||||||||||||||||
the
acting services
|
||||||||||||||||||
agreements
of Morgan
|
||||||||||||||||||
Freemand
and John
|
||||||||||||||||||
Cusack
and the directing
|
||||||||||||||||||
services
of Bruce
|
||||||||||||||||||
Beresford
Also provided
|
||||||||||||||||||
consulting
services
|
||||||||||||||||||
during
principal
|
||||||||||||||||||
photography
and the post
|
||||||||||||||||||
production
process.
|
||||||||||||||||||
300,000
|
||||||||||||||||||
88
Minutes
|
Al
Pacino
|
Produced
by a third party
|
||||||||||||||||
financier.
FMYR provided
|
||||||||||||||||||
8-Apr
|
production
services and
|
|||||||||||||||||
will
receive a producers
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
fee
in the first quarter of
|
||||||||||||||||||
Theatrical
|
2006.
Additionally, we
|
|||||||||||||||||
will
receive a profit
|
||||||||||||||||||
participation,
if any, in the
|
||||||||||||||||||
film.
|
||||||||||||||||||
Randall
Emmett &
|
Production
services
|
|||||||||||||||||
George
Furla
|
provided
include negotiating
|
|||||||||||||||||
Producer/
|
for
the acquisition of the
|
|||||||||||||||||
Executive
Producer
|
rights
in and to the screen-
|
|||||||||||||||||
play
upon which the picture
|
||||||||||||||||||
was
based as well as
|
||||||||||||||||||
the
acting services
|
||||||||||||||||||
agreements
of Al
|
||||||||||||||||||
Pacino
and the directing
|
||||||||||||||||||
services
of Jon
|
||||||||||||||||||
Avnet.
Also provided
|
||||||||||||||||||
consulting
services
|
||||||||||||||||||
during
principal
|
||||||||||||||||||
photography
and the post
|
||||||||||||||||||
production
process.
|
||||||||||||||||||
400,000
|
||||||||||||||||||
Home
of the Brave
|
Sam
Jackson
|
Produced
by a third party
|
||||||||||||||||
Jessica
Biel,
|
financier.
FMYR provided
|
|||||||||||||||||
6-Dec
|
Curtis
"50 Cent"
|
production
services and
|
||||||||||||||||
(Initial
Release)
|
Jackson,
|
will
receive a profit
|
||||||||||||||||
Christina
Ricci,
|
participation,
if any, in the
|
|||||||||||||||||
Brian
Pressley
|
film.
|
|||||||||||||||||
Theatrical
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Randall
Emmett &
|
||||||||||||||||||
George
Furla
|
||||||||||||||||||
Producer/
|
||||||||||||||||||
Executive
Producer
|
Production
services
|
|||||||||||||||||
provided
include (1) participating
|
||||||||||||||||||
in
the negotiation of the
|
||||||||||||||||||
acting
services agreements
|
||||||||||||||||||
of
Sam jackson
|
||||||||||||||||||
Jessica
Biel
|
||||||||||||||||||
Curtis
"50 cent" Jackson
|
||||||||||||||||||
Christina
Ricci
|
||||||||||||||||||
Brian
Pressley and (2)
|
||||||||||||||||||
negotaiting
with
|
||||||||||||||||||
a
third party equity
|
||||||||||||||||||
participant
for
|
||||||||||||||||||
said
party's participation
|
||||||||||||||||||
in
the financing of the picture.
|
||||||||||||||||||
production
process. Also
|
||||||||||||||||||
Also
provided
|
||||||||||||||||||
consulting
services
|
||||||||||||||||||
during
principal
|
||||||||||||||||||
photography
and the post
|
||||||||||||||||||
production
process.
|
||||||||||||||||||
King
of California
|
Michael
Douglas
|
Produced
by a third party
|
1,300,000
|
|||||||||||||||
Evan
Rachel Wood
|
co-financier.
FMYR provided
|
|||||||||||||||||
7-Sep
|
production
services and
|
|||||||||||||||||
Theatrical
|
will
receive a profit
|
|||||||||||||||||
participation,
if any, in the
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Film.
|
||||||||||||||||||
Randall
Emmett &
|
||||||||||||||||||
George
Furla
|
Production
services
|
|||||||||||||||||
Producers
|
provided
include (1) participating
|
|||||||||||||||||
in
the negotiation of the
|
||||||||||||||||||
of
Michael Douglas
|
||||||||||||||||||
and
Evan Rachel
|
||||||||||||||||||
Wood
and (2)
|
||||||||||||||||||
negotaiting
with
|
||||||||||||||||||
a
third party equity
|
||||||||||||||||||
participant
for
|
||||||||||||||||||
said
party's participation
|
||||||||||||||||||
in
the financing of the picture.
|
||||||||||||||||||
production
process. Also
|
||||||||||||||||||
Also
provided
|
||||||||||||||||||
consulting
services
|
||||||||||||||||||
during
principal
|
||||||||||||||||||
photography
and the post
|
||||||||||||||||||
production
process.
|
||||||||||||||||||
Rin
Tin Tin
|
Armande
Assante, Ben Cross
|
Produced
by a third party financier.
|
||||||||||||||||
FMYR
provided production services.
|
||||||||||||||||||
8-Sep
|
FMYR
will receive profit participation , if any, in the film.
|
|||||||||||||||||
(Scheduled
Release)
|
||||||||||||||||||
Video/Cable
|
Production
services provided include:
|
|||||||||||||||||
(a)
negotiating for the acquisition of the underlying rights to certain
intellectual property copyrights and
trademarks;
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Randall
Emmett & George Furla
|
(b)
negotiating for a writer to adapt the underlying rights into a feature
film screenplay upon which the movie will be based;
|
|||||||||||||||||
Producers
|
as
well as, ('c) providing consulting services during the development,
principal photography and post-production processes.
|
|||||||||||||||||
-
|
||||||||||||||||||
Day
of the Dead
|
Mena
Suvari, Nick Cannon, Ving Rhames
|
Produced
by a third party financier.
|
||||||||||||||||
FMYR
provided production services.
|
||||||||||||||||||
8-Apr
|
FMYR
will receive profit participation , if any, in the film.
|
|||||||||||||||||
Video/Cable
|
||||||||||||||||||
Production
services provided include:
|
||||||||||||||||||
(a)
negotiating for the acquisition of the underlying rights to certain
intellectual property copyrights and trademarks;
|
||||||||||||||||||
Randall
Emmett & George Furla
|
(b)
negotiating for a writer to adapt the underlying rights into a feature
film screenplay upon which the movie will be based;
|
|||||||||||||||||
Producers
|
(c)
participated in the negotiation of Mena Survai, Nick Cannon and Ving
Rhames' acting contracts;
|
|||||||||||||||||
as
well as, (d) providing consulting services during the development,
principal photography and post-production processes.
|
||||||||||||||||||
-
|
||||||||||||||||||
Rambo
IV
|
Sylvester
Stallone
|
Produced
by a third party financier.
|
||||||||||||||||
aka
"John Rambo"
|
FMYR
provided production services.
|
1,500,000
|
||||||||||||||||
8-Jan
|
In
connection with said services, FMYR will recieved a "producer
fee"
|
|||||||||||||||||
(Estimated
Release)
|
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
|||||||||||||||||
Theatrical
|
||||||||||||||||||
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Randall
Emmett & George Furla
|
Production
services prodived include:
|
|||||||||||||||||
Producers
|
providing
consulting services during the development, principal photography and
post-production processes.
|
|||||||||||||||||
-
|
||||||||||||||||||
-
|
||||||||||||||||||
Thick
as Thieves (f/k/a "The Code")
|
Morgan
Freeman
|
Produced
by a third party financier.
|
100,000
|
|||||||||||||||
Antonio
Banderas
|
FMYR
provided production services.
|
|||||||||||||||||
8-Oct
|
In
connection with said services, FMYR will receive a "producer
fee"
|
|||||||||||||||||
(Estimated
Release)
|
In
the second quarter of Fiscal 2008.
|
|||||||||||||||||
video/cable
|
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
|||||||||||||||||
Randall
Emmett & George Furla
|
Production
services prodived include:
|
|||||||||||||||||
Producers
|
(a)
negotiating for the acquisition of the screenplay upon which the movie
will be based
|
|||||||||||||||||
(b)
participated in the negotiation of Morgan Freeman's acting
contract;
|
||||||||||||||||||
as
well as, (d) providing consulting services during the development,
principal photography and post-production processes.
|
||||||||||||||||||
-
|
||||||||||||||||||
Westward
|
TBD
|
Produced
by a third party financier.
|
||||||||||||||||
FMYR
provided production services.
|
||||||||||||||||||
10-Aug
|
In
connection with said services, FMYR will receive a "producer
fee"
|
|||||||||||||||||
(Estimated
Release)
|
In
the third quarter of Fiscal 2007.
|
|||||||||||||||||
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Theatrical
|
This
project is "in development" with principal photography scheduled to start
on
|
|||||||||||||||||
February
15, 2009.
|
||||||||||||||||||
Randall
Emmett & George Furla
|
Production
services prodived include:
|
|||||||||||||||||
Producers
|
(a)
negotiating for the acquisition of the screenplay upon which the movie
will be based
|
|||||||||||||||||
(b)
participated in the negotiation of Joel Schumacher's directing
contract;
|
||||||||||||||||||
as
well as, (d) providing consulting services during the development,
principal photography and post-production processes.
|
||||||||||||||||||
-
|
||||||||||||||||||
Red
Sonja
|
Rose
McGowan
|
Produced
by a third party financier.
|
||||||||||||||||
FMYR
provided production services.
|
||||||||||||||||||
9-Jan
|
FMYR
will receive profit participation , if any, in the film.
|
|||||||||||||||||
(Estimated
Release)
|
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
|||||||||||||||||
This
project is "in development" with principal photography scheduled to start
on
|
||||||||||||||||||
Theatrical
|
February
1, 2009.
|
|||||||||||||||||
Production
services prodived include:
|
||||||||||||||||||
Randall
Emmett & George Furla
|
(a)
negotiating for the acquisition of underlying property upon which the
movie will be based
|
|||||||||||||||||
Producers
|
as
well as, (b) providing consulting services during the development,
principal photography and post-production processes.
|
|||||||||||||||||
-
|
||||||||||||||||||
Major
Movie Star
|
Jessica
Simpson
|
Produced
by a third party financier.
|
||||||||||||||||
Cheri
Oteri
|
FMYR
provided production services.
|
|||||||||||||||||
8-Sep
|
Vivica
Fox
|
In
connection with said services, FMYR will receive a "producer
fee"
|
||||||||||||||||
(Estimated
Release)
|
Steve
Guttenberg
|
In
the second quarter of Fiscal 2008.
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
||||||||||||||||||
Video/Cable
|
||||||||||||||||||
Randall
Emmett & George Furla
|
Production
services prodived include:
|
|||||||||||||||||
Producers
|
(a)
negotiating for the acquisition of the screenplay upon which the movie
will be based
|
|||||||||||||||||
(b)
participated in the negotiation of Joel Schumacher's directing
contract;
|
||||||||||||||||||
as
well as, (d) providing consulting services during the development,
principal photography and post-production processes.
|
||||||||||||||||||
-
|
||||||||||||||||||
Righteous
Kill
|
Robert
DeNiro
|
Produced
by a third party financier.
|
275,000
|
|||||||||||||||
Al
Pacino
|
FMYR
provided production services.
|
|||||||||||||||||
8-Sep
|
FMYR
will receive profit participation , if any, in the film.
|
|||||||||||||||||
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
||||||||||||||||||
Theatrical
|
||||||||||||||||||
Production
services prodived include:
|
||||||||||||||||||
Randall
Emmett & George Furla
|
(a)
negotiating for the acquisition of underlying property upon which the
movie will be based
|
|||||||||||||||||
Producers
|
as
well as, (b) providing consulting services during the development,
principal photography and post-production processes.
|
|||||||||||||||||
-
|
||||||||||||||||||
Higher
Form of Learning, A
|
Steven
Seagal
|
Produced
by a third party financier.
|
150,000
|
|||||||||||||||
FMYR
provided production services.
|
||||||||||||||||||
1-Oct
|
FMYR
will receive profit participation , if any, in the film.
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
||||||||||||||||||
Theatrical
|
||||||||||||||||||
Production
services prodived include:
|
||||||||||||||||||
Randall
Emmett & George Furla
|
(a)
negotiating for the acquisition of underlying property upon which the
movie will be based
|
|||||||||||||||||
Producers
|
as
well as, (b) providing consulting services during the development,
principal photography and post-production processes.
|
|||||||||||||||||
-
|
||||||||||||||||||
Conan
the Barbarian
|
TBD
|
Produced
by a third party financier.
|
||||||||||||||||
FMYR
provided production services.
|
||||||||||||||||||
10-Jan
|
FMYR
will receive profit participation , if any, in the film.
|
|||||||||||||||||
(Estimated
Release)
|
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
|||||||||||||||||
This
project is "in development" with principal photography scheduled to start
on
|
||||||||||||||||||
Theatrical
|
April
15, 2010.
|
|||||||||||||||||
Production
services prodived include:
|
||||||||||||||||||
Randall
Emmett & George Furla
|
(a)
negotiating for the acquisition of underlying property upon which the
movie will be based
|
|||||||||||||||||
Producers
|
as
well as, (b) providing consulting services during the development,
principal photography and post-production processes.
|
|||||||||||||||||
Streets
of Blood (f/k/a Microwave Park)
|
Val
Kilmer,
|
Produced
by a third party financier.
|
||||||||||||||||
Sharon
Stone, and
|
FMYR
provided production services.
|
100,000
|
||||||||||||||||
12-Jan
|
Curtis
"50 Cent" Jackson
|
FMYR
will receive profit participation , if any, in the film.
|
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
(Estimated
Release)
|
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
|||||||||||||||||
Theatrical
|
||||||||||||||||||
Production
services prodived include:
|
||||||||||||||||||
Randall
Emmett & George Furla
|
(a)
negotiating for the acquisition of underlying property upon which the
movie will be based
|
|||||||||||||||||
Producers
|
(b)
participated in the negotiation of the acting-services contracts for Val
Kilmer, Sharon Stone and Curtis "50 Cent" Jackson;
|
|||||||||||||||||
as
well as, (c) providing consulting services during the development,
principal photography and post-production processes.
|
||||||||||||||||||
$
|
-
|
$
|
-
|
-
|
||||||||||||||
Edgar
Allan Poe's Ligeia
|
Wes
Bently,
|
Produced
by a third party financier.
|
||||||||||||||||
Michael
Madsen, and
|
FMYR
provided production services.
|
|||||||||||||||||
8-Jun
|
Eric
Roberts.
|
FMYR
will receive profit participation , if any, in the film.
|
||||||||||||||||
(Estimated
Release)
|
Additionally,
FMYR will receive profit participation , if any, in the
film.
|
|||||||||||||||||
Theatrical
|
||||||||||||||||||
Production
services prodived include:
|
||||||||||||||||||
Randall
Emmett & George Furla
|
(a)
providing consulting services during the development, principal
photography and post-production processes.
|
|||||||||||||||||
Producers
|
||||||||||||||||||
$
|
-
|
$
|
-
|
-
|
||||||||||||||
-
|
||||||||||||||||||
Royalties
and other revenue
|
$1,134,832
|
$ -
|
$155,651
|
|||||||||||||||
TOTAL
|
REVENUE
|
$3,434,982
|
$1,603,345 | $3,230,586 |
Picture
|
Type
of
|
|||||||||||||||||
Information
|
Principal
Talent
|
Production
Services
|
Fiscal
2006
|
Fiscal
2007
|
Fiscal
2008
|
|||||||||||||
Revenue
by Customer (5)
|
||||||||||||||||||
Nuimage/Millenium
|
Producer
Fees
|
2,300,000
|
1,500,000
|
$625,000
|
||||||||||||||
Nuimage/Milleniuem
|
Distribution
Guarantee
|
e)
|
1,000,000
|
$1,300,000
|
||||||||||||||
Lions
Gate Films
|
-
|
899,915
|
||||||||||||||||
After
Dark
|
200,000
|
|||||||||||||||||
Regent
Films
|
2,771
|
-
|
-
|
|||||||||||||||
Platium/'s
other
|
22,211
|
-
|
-
|
|||||||||||||||
Porchlight
Films
|
46,024
|
50,000
|
||||||||||||||||
Monarch
Films
|
46,023
|
|||||||||||||||||
Other
Misc.
|
110,000
|
11,298
|
38,000
|
|||||||||||||||
$3,434,982
|
$1,603,345
|
$3,230,566
|
||||||||||||||||
1.
|
The
election of persons named in the accompanying Proxy Statement to serve as
directors on the Company’s board of directors (the “Board”) and until
their successors are duly elected and
qualified;
|
2.
|
To
approve a reverse split of the Common Stock in an exchange ratio of one
newly issued share for each 200 outstanding shares of Common
Stock;
|
3.
|
To
approve an amendment to the Certificate of Incorporation to change the
Company’s common stock par value from $0.01 to a par value of $0.001;
and
|
4.
|
To
ratify the appointment of PMB Helin Donovan, LLP, as the Company’s
independent auditors for the fiscal year ending June 30,
2008.
|
HIGH
|
LOW
|
|
BID
|
BID
|
|
Fiscal 2007
|
||
September
30, 2006
|
$3.40
|
$1.40
|
December
30, 2006
|
$1.00
|
$0.80
|
March
31, 2007
|
$0.80
|
$0.08
|
June
30, 2007
|
$0.22
|
$0.06
|
Fiscal 2008
|
||
September
30, 2007
|
$0.18
|
$0.01
|
December
30, 2007
|
$0.10
|
$0.04
|
March
31, 2008
|
$0.08
|
$0.02
|
June
30, 2008
|
$0.05
|
$0.01
|
Dollar
Amount
|
How
conversion rate was determined
|
Shares
|
|||
Converted
|
Average
market price (A)
|
Conversion
price
|
Issued
|
||
Represents
the
|
The
market price used
|
The
conversion price
|
The
shares issued
|
||
Dollar
amount of
|
is
the average of the
|
used
would be the
|
would
be determined
|
||
the
convertible
|
five
(5) lowest closing bid
|
average
market
|
by
dividing the
|
||
debt
being
|
prices
of the Common
|
price
derived (A)
|
dollar
amount of the
|
||
converted
|
Stock
as reported by
|
multiplied
by 80%,
|
note
being converted
|
||
Bloomberg
L.P. for the
|
representing
a 20%
|
by
the conversion
|
|||
twenty
(20) trading days
|
discount
to the
|
price.
|
|||
preceding
the conversion
|
average
market price
|
||||
date.
|
derived.
|
||||
Average
|
Discounted
|
Shares
|
Shares
|
||||
Note
|
Conversion
|
Dollar
Amount Converted
|
Market
|
Conversion
|
Issued
|
Issued
|
|
Holder
|
Date
|
Principal
|
Interest
|
Price
|
Price
(20%)
|
Principal
|
Interest
|
Longview
Fund L.P.
|
11/16/2006
|
$0.00
|
$5,793.60
|
0.96560
|
0.77248
|
0
|
7,500
|
Longview
Equity Fund L.P.
|
11/16/2006
|
$0.00
|
$11,587.20
|
0.96560
|
0.77248
|
0
|
15,000
|
Longview
Int'l Equity Fund L.P.
|
11/16/2006
|
$0.00
|
$1,931.20
|
0.96560
|
0.77248
|
0
|
2,500
|
Alpha
Capital AG
|
11/28/2006
|
$10,000.00
|
$0.00
|
1.37500
|
1.10000
|
9,091
|
0
|
Longview
Equity Fund L.P.
|
1/17/2007
|
$0.00
|
$43,695.00
|
0.72825
|
0.58260
|
0
|
75,000
|
Longview
Fund L.P.
|
1/17/2007
|
$0.00
|
$21,847.50
|
0.72825
|
0.58260
|
0
|
37,500
|
Longview
Int'l Equity Fund L.P.
|
1/17/2007
|
$1,394.94
|
$5,887.56
|
0.72825
|
0.58260
|
2,394
|
10,106
|
Lawrence
Abramson
|
1/30/2007
|
$37,500.00
|
$0.00
|
0.50000
|
0.40000
|
93,750
|
0
|
Longview
Equity Fund L.P.
|
1/30/2007
|
$43,838.08
|
$10,001.92
|
0.67320
|
0.53856
|
81,399
|
18,572
|
Longview
Fund L.P.
|
1/30/2007
|
$20,231.00
|
$3,997.00
|
0.67320
|
0.53856
|
37,565
|
7,422
|
Longview
Int'l Equity Fund L.P.
|
1/30/2007
|
$7,752.64
|
$323.36
|
0.67320
|
0.53856
|
14,395
|
600
|
Longview
Equity Fund L.P.
|
2/7/2007
|
$6,868.11
|
$643.89
|
0.37560
|
0.30048
|
22,857
|
2,143
|
Longview
Int'l Equity Fund L.P.
|
2/9/2007
|
$27,451.75
|
$196.25
|
0.34560
|
0.27648
|
99,290
|
710
|
Standard
Resources Limited
|
2/21/2007
|
$10,796.54
|
$14,135.81
|
0.25000
|
0.20000
|
53,983
|
70,679
|
Longview
Int'l Equity Fund L.P.
|
2/21/2007
|
$27,635.14
|
$131.27
|
0.30000
|
0.24000
|
115,146
|
547
|
Longview
Equity Fund L.P.
|
2/27/2007
|
$14,772.00
|
$4,427.98
|
0.24040
|
0.19232
|
76,809
|
23,024
|
Longview
Equity Fund L.P.
|
3/28/2007
|
$4,792.15
|
$6,707.85
|
0.11560
|
0.09248
|
51,818
|
72,533
|
Alpha
Capital AG
|
3/29/2007
|
$2,312.00
|
$0.00
|
0.11560
|
0.09248
|
25,000
|
0
|
Longview
Fund L.P.
|
4/4/2007
|
$6,731.04
|
$5,886.96
|
0.07800
|
0.06240
|
107,869
|
94,342
|
Standard
Resources Limited
|
4/4/2007
|
$5,616.01
|
$6,551.99
|
0.07800
|
0.06240
|
90,000
|
105,000
|
Longview
Equity Fund L.P.
|
4/5/2007
|
$11,551.13
|
$616.87
|
0.07800
|
0.06240
|
185,114
|
9,886
|
Alpha
Capital AG
|
4/11/2007
|
$4,680.00
|
$0.00
|
0.07800
|
0.06240
|
75,000
|
0
|
Lawrence
Abramson
|
4/12/2007
|
$12,168.00
|
$0.00
|
0.07800
|
0.06240
|
195,000
|
0
|
Longview
Equity Fund L.P.
|
4/9/2007
|
$8,758.85
|
$601.15
|
0.07800
|
0.06240
|
140,366
|
9,634
|
Longview
Fund L.P.
|
4/16/2007
|
$11,246.60
|
$921.40
|
0.07800
|
0.06240
|
180,234
|
14,766
|
Longview
Equity Fund L.P.
|
4/20/2007
|
$3,913.02
|
$1,620.38
|
0.07320
|
0.05856
|
66,821
|
27,670
|
Longview
Fund L.P.
|
4/19/2007
|
$5,709.13
|
$0.00
|
0.07800
|
0.06240
|
91,492
|
0
|
Longview
Fund L.P.
|
4/25/2007
|
$5,120.46
|
$426.03
|
0.07320
|
0.05856
|
87,440
|
7,275
|
Standard
Resources Limited
|
4/20/2007
|
$11,388.00
|
$0.00
|
0.07300
|
0.05840
|
195,000
|
0
|
Longview
Equity Fund L.P.
|
4/26/2007
|
$4,613.75
|
$875.85
|
0.07320
|
0.05856
|
78,787
|
14,956
|
Longview
Fund L.P.
|
4/27/2007
|
$4,791.46
|
$138.54
|
0.07300
|
0.05840
|
82,046
|
2,372
|
Longview
Equity Fund L.P.
|
4/30/2007
|
$12,665.38
|
$577.62
|
0.08080
|
0.06464
|
195,937
|
8,936
|
Standard
Resources Limited
|
4/30/2007
|
$14,179.97
|
$0.00
|
0.08080
|
0.06464
|
219,368
|
0
|
Alpha
Capital AG
|
5/1/2007
|
$3,424.00
|
$0.00
|
0.08560
|
0.06848
|
50,000
|
0
|
Longview
Equity Fund L.P.
|
5/1/2007
|
$13,580.68
|
$270.32
|
0.08550
|
0.06840
|
198,548
|
3,952
|
Longview
Equity Fund L.P.
|
5/15/2007
|
$12,139.18
|
$1,626.32
|
0.08550
|
0.06840
|
177,473
|
23,777
|
Longview
Fund L.P.
|
5/14/2007
|
$12,531.15
|
$1,148.85
|
0.08560
|
0.06848
|
182,990
|
16,776
|
Longview
Fund L.P.
|
5/16/2007
|
$13,519.17
|
$126.83
|
0.08560
|
0.06848
|
197,418
|
1,852
|
Longview
Equity Fund L.P.
|
5/18/2007
|
$14,276.99
|
$270.95
|
0.09025
|
0.07220
|
197,742
|
3,753
|
Longview
Fund L.P.
|
5/18/2007
|
$14,435.43
|
$58.72
|
0.09026
|
0.07220
|
199,937
|
813
|
Alpha
Capital AG
|
5/18/2007
|
$14,464.00
|
$0.00
|
0.09040
|
0.07232
|
200,000
|
0
|
Longview
Fund L.P.
|
5/21/2007
|
$14,984.79
|
$215.21
|
0.09520
|
0.07616
|
196,754
|
2,826
|
Longview
Equity Fund L.P.
|
5/22/2007
|
$20,767.57
|
$622.43
|
0.10000
|
0.08000
|
259,595
|
7,780
|
Average
|
Discounted
|
Shares
|
Shares
|
||||
Note
|
Conversion
|
Dollar
Amount Converted
|
Market
|
Conversion
|
Issued
|
Issued
|
|
Holder
|
Date
|
Principal
|
Interest
|
Price
|
Price
(20%)
|
Principal
|
Interest
|
Standard
Resources Limited
|
5/22/2007
|
$15,304.57
|
$695.43
|
0.10000
|
0.08000
|
191,307
|
8,693
|
Longview
Equity Fund L.P.
|
5/29/2007
|
$20,524.07
|
$835.93
|
0.10000
|
0.08000
|
256,551
|
10,449
|
Standard
Resources Limited
|
6/7/2007
|
$16,800.00
|
$0.00
|
0.08400
|
0.06720
|
250,000
|
0
|
Alpha
Capital AG
|
6/13/2007
|
$4,848.00
|
$0.00
|
0.08080
|
0.06464
|
75,000
|
0
|
Longview
Equity Fund L.P.
|
6/18/2007
|
$13,671.74
|
$2,136.26
|
0.07600
|
0.06080
|
224,864
|
35,136
|
Longview
Fund L.P.
|
6/18/2007
|
$14,857.78
|
$1,315.02
|
0.07600
|
0.06080
|
244,371
|
21,629
|
Longview
Fund L.P.
|
6/19/2007
|
$15,607.55
|
$43.65
|
0.07300
|
0.05840
|
267,253
|
747
|
Standard
Resources Limited
|
6/19/2007
|
$15,651.20
|
$0.00
|
0.07300
|
0.05840
|
268,000
|
0
|
Longview
Equity Fund L.P.
|
6/20/2007
|
$15,421.03
|
$215.57
|
0.07320
|
0.05856
|
263,337
|
3,681
|
Longview
Equity Fund L.P.
|
6/21/2007
|
$15,052.26
|
$102.54
|
0.07320
|
0.05856
|
257,040
|
1,751
|
Longview
Fund L.P.
|
6/22/2007
|
$15,360.99
|
$115.01
|
0.07300
|
0.05840
|
263,031
|
1,969
|
Longview
Fund L.P.
|
6/26/2007
|
$15,045.80
|
$132.44
|
0.07040
|
0.05632
|
267,148
|
2,352
|
Longview
Fund L.P.
|
6/28/2007
|
$14,203.28
|
$66.22
|
0.06760
|
0.05408
|
262,635
|
1,224
|
Standard
Resources Limited
|
6/29/2007
|
$7,638.80
|
$0.00
|
0.06760
|
0.05408
|
141,250
|
0
|
Miscellaneous
|
$2,677.82
|
-$418.88
|
11,755
|
-8,426
|
|||
Total
|
675,265
|
159,103
|
7,777,971
|
779,408
|
1.
|
Producers Fees
– Producer fees are recognized upon receipt of the fees and delivery of
the related services. If upon receipt of the fees all services
have not been provided, the fees are deferred and recognized as the
services are performed;
|
2.
|
Royalties
–
Royalty and profit participation are recognized when the amounts are known
and the receipt of the royalties is reasonably
assured. Accordingly, recognition generally occurs upon receipt
(usually quarterly or semi-annually);
and
|
3.
|
Distribution Revenues
– Distribution Revenues are recognized when earned and
appropriately reported by third (3) party Distribution companies and
recorded Gross along with any distribution expenses charged by the
Distributor and upon receipt of such
revenues.
|
|
4.
Producer
Development, Production Service Fees and Film Distribution Fees
–
As these services are provided, these fees are invoiced by FMYR to the
third party financiers and producers and are recognized when the amount
has been determined and receipt is reasonably
assured.
|
Selling,
general and administrative Expenses
|
|||||||||||||
Twelve
months ending
|
|||||||||||||
Account
|
June
30
|
June
30
|
Variance
|
Variance
|
Explanation
of Variance
|
||||||||
Description
|
2008
|
2007
|
$
|
%
|
|||||||||
Salary
and Wages
|
$ 226,807
|
$ 293,510
|
$ (66,703)
|
-22.7%
|
Reduced
headcount
|
||||||||
Payroll
related expenses
|
169,197.00
|
221,373.00
|
(52,176.00)
|
-23.6%
|
Reduced
headcount
|
||||||||
Office
Overhead
|
145,735.00
|
124,097.00
|
21,638.00
|
17.4%
|
$10K
Bank Charges, $20K Business Ins.,
|
||||||||
($28K)
Equipment rental, $7K Misc.
|
|||||||||||||
Telephone
|
95,266.00
|
64,086.00
|
31,180.00
|
48.7%
|
$3K
Phone, $21K Cell services, $7K Internet/cable
|
||||||||
Automobile
|
42,874.00
|
82,041.00
|
(39,167.00)
|
-47.7%
|
Two
less cars
|
||||||||
Depreciation
|
46,710.00
|
27,711.00
|
18,999.00
|
68.6%
|
leasehold
improvements & comp equip/software
|
||||||||
Bad
Debt
|
73,000.00
|
205,000.00
|
(132,000.00)
|
-64.4%
|
$73K
is a reserve, the $205K represents write-offs
|
||||||||
Miscellaneous
|
469,468.00
|
471,161.00
|
(1,693.00)
|
-0.4%
|
|||||||||
Total
|
$ 1,269,057
|
$ 1,488,979
|
$ (219,922)
|
-14.8%
|
Other
Income and expenses
|
Twelve
months ending
|
||||||||||||
Account
|
June
30
|
June
30
|
Variance
|
Variance
|
Explanation
of Variance
|
||||||||
Description
|
2008
|
2007
|
$
|
%
|
|||||||||
(Income)/Expense
|
|||||||||||||
Interest
income
|
$ (2,878)
|
$ (4,396)
|
$ 1,518
|
-34.5%
|
|||||||||
Other
income
|
|||||||||||||
Material
other income
|
(380,000)
|
(380,000)
|
-
|
Gain
on disposition of notes
|
|||||||||
Production
recharge
|
(28,848)
|
28,848
|
-
|
||||||||||
Total
other income
|
(380,000)
|
(28,848)
|
(351,152)
|
1217.2%
|
|||||||||
Change
in value of derivatives
|
|||||||||||||
Warrant
Liability
|
(855,615)
|
(214,904)
|
(640,711)
|
298.1%
|
Reduction
in fair value of warrant and derivative
|
||||||||
Derivative
Liability
|
25,209
|
(555,482)
|
580,691
|
-104.5%
|
liabilities
associates with convertible notes.
|
||||||||
Total
change of Value of derivatives
|
(830,406)
|
(770,386)
|
(60,020)
|
7.8%
|
Please
see Footnote 8 to the financial statements
|
||||||||
for
a detailed analysis of these items.
|
|||||||||||||
Interest
expense
|
|||||||||||||
Afilliated
|
619,561
|
1,557,441
|
(937,880)
|
-60.2%
|
Interest
expense - convertible debt
|
||||||||
Afilliated
- Development
|
20,529
|
38,499
|
(17,970)
|
-46.7%
|
Interest
expense - other notes payable
|
||||||||
Total
interest expense
|
640,090
|
1,595,940
|
(955,850)
|
-59.9%
|
|||||||||
Total
Other Income and Expenses
|
$ (573,194)
|
$ 792,310
|
$ (1,365,504)
|
-172.3%
|
Liquidity and Capital
Resources
|
||||||||||||
June
|
||||||||||||
Major
items affecting liquidity and capital resources
|
2008
|
Explanation
of Variance
|
||||||||||
Amortization
of film costs
|
$ 2,893,725
|
Film
projects amort against producer fee revenues and/or
write-offs
|
||||||||||
based
on management's evaluation.
|
||||||||||||
Change
in value of warrant liabilities
|
$ (871,631)
|
Reduction
in fair value of warrants associated to convertible debt
|
||||||||||
Change
in value of derivative liabilities
|
$ 41,252
|
Increase
in Fair value of derivative liabilities a result of additional debt
issued
|
||||||||||
Amortization
of debt discount
|
$ 442,065
|
Debt
discount amortized
|
||||||||||
Gain
on disposition of invrestor participation loan
|
$ (380,000)
|
Gain
on note no longer owed
|
||||||||||
increase
in accounts receivable - Borderland
|
$ (536,894)
|
$697K due
less $160K cash received
|
||||||||||
(Increase)
decrease in film costs
|
$ (1,033,434)
|
Write-off
of uncollectible production service fee (Shattos)
|
||||||||||
Purchase
of property and equipment
|
$ (25,871)
|
Purchase
of computers
|
||||||||||
Proceeds
from advance under development agreement
|
$ 700,000
|
Proceeds
mainly from investor development and particiaption loans
|
||||||||||
Payments
of advance under development agreement
|
$ (1,115,000)
|
Payments
to investor pursuant to a development & participation
agreements
|
||||||||||
Purchase
of common stock
|
$ (50,470)
|
Treasury
shares purchases - cash
|
||||||||||
Proceeds
from convertible notes payable
|
$ 300,000
|
Cash
received
|
||||||||||
Payment
on convertible interest
|
$ (26,164)
|
Cash
payments
|
||||||||||
Payment
on convertible notes payable
|
$ (40,000)
|
Cash
payments
|
The recurring cash commitments of FMYR at June
30, 2008 are as follows:
|
||||||||||||
Future
annual debt maturities (including the convertible notes net of
discount):
|
||||||||||||
Year
Ending
|
||||||||||||
June
30,
|
||||||||||||
2008
|
$
|
2,199,701
|
||||||||||
Total
|
$
|
2,199,701
|
||||||||||
Accounts
payable and accrued liabilities:
|
||||||||||||
Description
|
||||||||||||
Accounts
payable
|
$
|
66,534
|
||||||||||
Accrued
Interest, professional fees and other
|
195,709
|
|||||||||||
Total
|
$
|
262,243
|
||||||||||
Future
annual minimum lease payments under operating leases:
|
||||||||||||
Period
Ending
|
||||||||||||
June 30,
|
||||||||||||
$
|
||||||||||||
2009
|
38,400
|
|||||||||||
2010
|
-
|
|||||||||||
Total
|
$
|
38,400
|
||||||||||
Estimated
fixed recurring monthly average selling, general and administrative
expenses:
|
||||||||||||
Description
|
||||||||||||
Salaries,
consultants and benefits
|
$
|
18,000
|
||||||||||
Rent
|
3,200
|
|||||||||||
Parking
|
500
|
|||||||||||
Telephone
and communications
|
23,250
|
|||||||||||
Directors,
officers and corporate insurance
|
1.000
|
|||||||||||
Accounting
and auditing
|
7,000
|
|||||||||||
Total
|
$
|
31,950
|
Tau
Entertainment (Elisa Salinas)
|
$
|
204,067
|
Scorched
Earth Entertainment
|
74,851
|
|
Freedom
Films
|
308,874
|
|
$
|
587,792
|
(i)
|
require
the maintenance of records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of our
assets;
|
(ii)
|
provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with generally accepted
accounting principles and that receipts and expenditures of Family Room
Entertainment are being made in accordance with authorizations of
management and directors of Family Room
Entertainment;
|
(iii)
|
provide
reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of Family Room
Entertainment’s assets that could have a material effect on the financial
statements,
|
1.
|
Deficiencies
in Segregation of Duties. Family Room Entertainment lacked adequate
segregation of duties in our financial reporting process, as our Acting
CFO serves as our only qualified internal accounting and financial
reporting personnel, and as such, performs substantially all accounting
and financial reporting functions with the assistance of an inexperienced
internal staff.
|
ITEM
9.
|
Directors,
Executive Officers, Promoters and Control Persons; Compliance with Section
16(a) of the Exchange Act
|
SUMMARY
COMPENSATION TABLE
|
|||||||||
Name
and principal position
|
Year
|
Salary
($)
|
Bonus
($)
|
Stock
Awards ($)
|
Option
Awards ($)
|
Non-Equity
Incentive Plan Compensation ($)
|
Nonqualified
Deferred Compensation Earnings ($)
|
All
Other Compensation ($)
|
Total
($)
|
George
Furla.
|
2008
|
0
|
0
|
0
|
0
|
0
|
0
|
176,856
|
176,856
|
Co-Chairman
|
2007
|
0
|
0
|
0
|
0
|
0
|
0
|
669,825
|
669,825
|
CEO
& President
|
2006
|
0
|
0
|
0
|
0
|
0
|
0
|
549,819
|
549,819
|
Randall
Emmett
|
2008
|
0
|
0
|
0
|
0
|
0
|
0
|
400,957
|
400,957
|
Co-Chairman
|
2007
|
0
|
0
|
0
|
0
|
0
|
0
|
752,050
|
752,050
|
COO
& Assistant
|
2006
|
0
|
0
|
0
|
0
|
0
|
0
|
722,043
|
722,043
|
Secretary
|
|||||||||
Stanley
Tepper
|
2008
|
0
|
0
|
0
|
0
|
0
|
0
|
75,000
|
75,000
|
Acting
Executive
|
2007
|
0
|
0
|
0
|
0
|
0
|
0
|
36,000
|
36,000
|
VP
of Finance %
|
2006
|
0
|
0
|
0
|
0
|
0
|
0
|
50,000
|
50,000
|
Acting CFO
|
OUTSTANDING
EQUITY AWARDS AT FISCAL YEAR-END
|
|||||||||
OPTION
AWARDS
|
STOCK
AWARDS
|
||||||||
Name
|
Number
of Securities Underlying Unexercised Options
(#)
Exercisable
|
Number
of Securities Underlying Unexercised Options
(#)
Unexercisable
|
Equity
Incentive Plan Awards: Number of Securities Underlying Unexercised
Unearned Options
(#)
|
Option
Exercise Price
($)
|
Option
Expiration Date
|
Number
of Shares or Units of Stock That Have Not Vested
(#)
|
Market
Value of Shares or Units of Stock That Have Not Vested
($)
|
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights
That Have Not Vested
(#)
|
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or
Other Rights That Have Not Vested
(#)
|
George
Furla.
|
O
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
Randall
Enmmett
|
O
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
Stanley
Tepper
|
O
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
o
|
DIRECTOR
COMPENSATION
|
|||||||||
Name
|
Fees
Earned or Paid in Cash
($)
|
Stock
Awards ($)
|
Option
Awards ($)
|
Non-Equity
Incentive
Plan
Compensation
($)
|
Non-Qualified
Deferred Compensation Earnings
($)
|
All
Other
Compensation ($)
|
Total
($)
|
||
George
Furla
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||
Randall
Emmett
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
||
Anthony
Cataldo
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
31.1
|
Certification
of the Chief Executive Officer pursuant to Rule
13a-14(a)
|
31.2
|
Certification
of the Chief Financial Officer pursuant to Rule
13a-14(a)
|
32.1
|
Certification
of the Chief Executive Officer pursuant to 18
U.S.C.ss.1350
|
32.2
|
Certification
of the Chief Financial Officer pursuant to 18
U.S.C.ss.1350
|
(b)
|
Reports
on Form 8-K
|
Date
|
Subject
|
2/29/08
|
ITEM
5.02, 7.01: Appointment of director, name and symbol
change
|
9/2/08
|
ITEM
8.01: Address change, and shares
outstanding
|
For
the Year Ended June 30,
|
||
PMB
Helin Donovan, LLP
|
PMB
Helin Donovan, LLP .
|
|
2008
|
2007
|
|
Audit
Fees
|
75,000
|
$67,000
|
Audit-Related
Fees
|
-
|
$-
|
Tax
Fees
|
-
|
$-
|
All
Other Fees
|
-
|
$-
|
Total
Fees
|
75,000
|
$67,000
|
Report
of Independent Registered Public Accountants
|
1
|
Consolidated
Balance Sheets
|
2
|
Consolidated
Statements of Operations
|
3
|
Consolidated
Statements of Shareholders’ Deficit
|
4
|
Consolidated
Statements of Cash Flows
|
5
|
Notes
to Consolidated Financial Statements
|
6 –
34
|
2008
|
2007
|
|||||||||
Assets
|
||||||||||
Cash
and cash equivalents
|
$
|
48,843
|
$
|
668,773
|
||||||
Accounts
receivable (net of reserve of $73,000 and $0,
respectively)
|
711,894
|
-
|
||||||||
Film
costs, net
|
4,744,914
|
6,605,205
|
||||||||
Property
and equipment, net
|
37,528
|
58,168
|
||||||||
Prepaid
expenses and other current assets
|
7,660
|
63,959
|
||||||||
Deposits
|
18,270
|
18,270
|
||||||||
Total
Assets
|
$
|
5,569,109
|
$
|
7,414,375
|
||||||
Liabilities
and Shareholders' Deficit
|
||||||||||
Liabilities
|
||||||||||
Notes
payable under film participation agreements
|
$
|
5,969,921
|
$
|
7,957,412
|
||||||
Convertible
notes payable, net of discount
|
2,199,701
|
508,419
|
||||||||
Accounts
payable and accrued liabilities
|
259,443
|
239,696
|
||||||||
Warrant
liability
|
52,528
|
924,159
|
||||||||
Derivative
liability
|
602,194
|
445,159
|
||||||||
Total
Liabilities
|
9,083,787
|
10,074,845
|
||||||||
Equity
and Shareholders' Deficit
|
||||||||||
Preferred
stock:$0.01 par value; 5,000,000 shares authorized;
|
||||||||||
no
shares issued and outstanding
|
-
|
-
|
||||||||
Common
stock:$0.001 par value; 2,000,000,000 shares authorized;
|
||||||||||
12,141,870
and 9,996,500 shares issued, respectively, and
|
||||||||||
12,014,470
and 9,346,416 shares outstanding, respectively
|
12,141
|
9,997
|
||||||||
Additional
paid-in capital
|
20,603,609
|
20,692,540
|
||||||||
Treasury
stock, 127,400 and 178,029 shares at cost, respectively
|
(13,136)
|
(87,653)
|
||||||||
Accumulated
deficit
|
(24,117,292)
|
(23,275,354)
|
||||||||
Total
Equity and Shareholders' Deficit
|
(3,514,678)
|
(2,660,470)
|
||||||||
Total
Liabilities and Shareholders' Deficit
|
$
|
5,569,109
|
$
|
7,414,375
|
2008
|
2007
|
|||||||||
Gross
Margin
|
||||||||||
Revenues
|
$
|
3,230,567
|
$
|
1,611,298
|
||||||
Amortization
of film costs
|
(2,893,725)
|
(2,563,335)
|
||||||||
Distribution
costs
|
(482,914)
|
(7,953)
|
||||||||
Gross
Margin
|
(146,072)
|
(959,990)
|
||||||||
Selling,
general and administrative expenses
(1)
|
(1,269,060)
|
(1,488,979)
|
||||||||
Loss
from Operations
|
(1,415,132)
|
(2,448,969)
|
||||||||
Other
Income and Expenses
|
||||||||||
Interest
income
|
2,878
|
4,396
|
||||||||
Other
income
|
380,000
|
28,848
|
||||||||
Change
in value of warrant liability
|
871,658
|
216,737
|
||||||||
Change
in value of derivative liability
|
(41,252)
|
553,649
|
||||||||
Interest
expense
|
(640,090)
|
(1,595,940)
|
||||||||
Total
Other Income and Expenses
|
573,194
|
(792,310)
|
||||||||
Net
Loss
|
$
|
(841,938)
|
$
|
(3,241,279)
|
||||||
Net
earnings/(loss) per common share, basic
|
$
|
(0.09)
|
$
|
(1.37)
|
||||||
Weighted
average number of shares, basic
|
9,601,317
|
2,364,805
|
||||||||
(1)
Non-cash share-based compensation included
in
|
||||||||||
Selling, general and administrative expenses:
|
$
|
38,200
|
$
|
66,600
|
Additional
|
||||||||||||||||
Common
Stock
|
Paid-In
|
Treasury
|
Accumulated
|
|||||||||||||
Shares
|
Amount
|
Capital
|
Stock
|
Deficit
|
Total
|
|||||||||||
Balance
at June 30, 2006
|
999,121
|
$
|
999
|
$
|
19,691,270
|
$
|
-
|
$
|
(20,034,112)
|
$
|
(341,843)
|
|||||
Purchase
of common stock
|
-
|
-
|
-
|
(87,653)
|
-
|
(87,653)
|
||||||||||
Common
stock issued for convertible interest
|
779,408
|
780
|
158,323
|
-
|
-
|
159,103
|
||||||||||
Common
stock issued for note principal
|
7,777,971
|
7,778
|
667,487
|
-
|
-
|
675,265
|
||||||||||
Common
stock issued for services
|
440,000
|
440
|
175,460
|
-
|
-
|
175,900
|
||||||||||
Miscellaneous
adjustment
|
-
|
-
|
-
|
-
|
37
|
37
|
||||||||||
Net
loss
|
-
|
-
|
-
|
-
|
(3,241,279)
|
(3,241,279)
|
||||||||||
Balance
at June 30, 2007
|
9,996,500
|
9,997
|
20,692,540
|
(87,653)
|
(23,275,354)
|
(2,660,470)
|
||||||||||
Purchase
of common stock
|
-
|
-
|
-
|
(50,470)
|
-
|
(50,470)
|
||||||||||
Retirement
of treasury shares
|
(522,684)
|
(522)
|
(124,465)
|
124,987
|
-
|
-
|
||||||||||
Effect
of reverse split (rounding)
|
1,384
|
-
|
-
|
-
|
-
|
-
|
||||||||||
Common
stock issued for services
|
2,666,667
|
2,666
|
35,534
|
-
|
-
|
38,200
|
||||||||||
Net
loss
|
-
|
-
|
-
|
-
|
(841,938)
|
(841,938)
|
||||||||||
Balance
at June 30, 2008
|
12,141,867
|
$
|
12,141
|
$
|
20,603,609
|
$
|
(13,136)
|
$
|
(24,117,292)
|
$
|
(3,514,678)
|
2008
|
2007
|
|||||||
Cash
Flows From Operating Activities:
|
||||||||
Net
loss
|
$
|
(841,938)
|
$
|
(3,241,279)
|
||||
Adjustment
to reconcile net loss to net cash used:
|
||||||||
Depreciation
expense
|
46,710
|
27,711
|
||||||
Amortization
of film costs
|
2,893,725
|
2,563,335
|
||||||
Bad
debt (reserve for doubtful accounts)
|
73,000
|
-
|
||||||
Gain
on disposition of investor participation loans
|
(380,000)
|
-
|
||||||
Common
stock issued for accrued interest
|
-
|
159,103
|
||||||
Common
stock issued for services and compensation
|
38,200
|
175,900
|
||||||
Change
in value of warrant liability
|
(871,658)
|
(216,737)
|
||||||
Change
in value of derivative liability
|
41,252
|
(553,649)
|
||||||
Amortization
of debt discount
|
442,065
|
1,038,469
|
||||||
Interest
recognized in connection with issuance of convertible debt
|
-
|
384,975
|
||||||
Amortization
of loan costs
|
-
|
(47,940)
|
||||||
Other
|
(173)
|
12,048
|
||||||
Change
in operating assets and liabilities:
|
||||||||
(Increase)
decrease in accounts receivable – new
|
(248,000)
|
(1,500,000)
|
||||||
(Increase)
decrease in accounts receivable – DOD
|
-
|
350,000
|
||||||
(Increase)
decrease in accounts receivable - Rambo IV
|
-
|
1,500,000
|
||||||
Write-down
of accounts receivable
|
-
|
205,000
|
||||||
(Increase)
decrease in accounts receivable – Borderland
|
(536,894)
|
-
|
||||||
(Increase)
decrease in film costs
|
(1,033,434)
|
(3,366,632)
|
||||||
(Increase)
decrease in other assets
|
55,365
|
34,533
|
||||||
Increase
(decrease) in accounts payable and accrued liabilities
|
46,845
|
(4,689)
|
||||||
Net
cash generated by/(used in) operating activities
|
(274,935)
|
(2,479,852)
|
||||||
Cash
flows from investing activities:
|
||||||||
Purchase
of property and equipment
|
(25,871)
|
(20,995)
|
||||||
Net
cash generated by/(used in) investing activities
|
(25,871)
|
(20,995)
|
||||||
Cash
flows from financing activities:
|
||||||||
Proceeds
from investor productions or participation revenue loans
|
700,000
|
2,050,000
|
||||||
Payments
of investor productions or participation revenue loans
|
(87,490)
|
-
|
||||||
Purchase
of common stock
|
(50,470)
|
(87,653)
|
||||||
Payment
of deferred financing costs
|
-
|
(53,263)
|
||||||
Payments
on investor participation notes payable
|
(1,115,000)
|
-
|
||||||
Proceeds
from convertible notes payable
|
300,000
|
800,000
|
||||||
Payments
on convertible interest
|
(26,164)
|
-
|
||||||
Payment
on convertible notes payable
|
(40,000)
|
(307,036)
|
||||||
Net
cash generated by/(used in) financing activities
|
(319,124)
|
2,402,048
|
||||||
Decrease
in cash and cash equivalents
|
(619,930)
|
(98,799)
|
||||||
Cash
and cash equivalents at beginning of year
|
668,773
|
767,572
|
||||||
Cash
and cash equivalents at end of period
|
$
|
48,843
|
$
|
668,773
|
||||
Supplementary
disclosures of cash flow information
|
||||||||
Cash
paid during the year for
|
||||||||
Interest
|
$
|
26,164
|
$
|
38,499
|
||||
Taxes
|
$
|
-
|
$
|
-
|
·
|
Transferred
$1,405,000 of notes payable under investor participation loans to
convertible debt.
|
·
|
Issued
2,666,667 shares of common stock for the payment of consulting services
and compensation, valued at $38,200
|
·
|
Issued
8,557,379 shares of common stock for the payment of principal and interest
on convertible notes, valued at
$834,368
|
·
|
Issued
440,000 shares of common stock for the payment of consulting services and
compensation, valued at $175,900
|
•
|
FMYR
has a valid sale or licensing agreement in
place.
|
•
|
The
motion picture is complete and in accordance with the agreement with the
customer.
|
•
|
The
motion picture has been delivered or is
deliverable.
|
•
|
The
license period has begun.
|
•
|
The
revenue is fixed or determinable and collection is reasonably
assured.
|
1.
|
Producers Fees
– Producer fees are recognized upon receipt of the fees and delivery of
the related services. If upon receipt of the fees all services
have not been provided, the fees are deferred and recognized as the
services are performed;
|
2.
|
Royalties
–
Royalty and profit participation are recognized when the amounts are known
and the receipt of the royalties is reasonably
assured. Accordingly, recognition generally occurs upon receipt
(usually quarterly or semi-annually);
and
|
3.
|
Distribution Revenues
– Distribution Revenues are recognized when earned and
appropriately reported by third (3rd) party Distribution companies and
recorded Gross along with any distribution expenses charged by the
Distributor and upon receipt of such
revenues.
|
4.
|
Producer Development,
Production Service Fees and Film Distribution Fees
– As these
services are provided, these fees are invoiced by FMYR to the third party
financiers and producers and are recognized when the amount has been
determined and receipt is reasonably
assured.
|
June
30,
2008
|
June
30,
2007
|
||||
Accrued
receivables – producer fees
|
$
|
734,894
|
$
|
-
|
|
Accrued
distribution, royalties and other
|
50,000
|
-
|
|||
Reserve
for doubtful accounts
|
(73,000)
|
-
|
|||
Total
|
$
|
711,894
|
$
|
-
|
Table
4A
|
Released
|
In
Production
|
Development
and Pre-Production
|
Total
|
|||||||
Net
film cost balance at June 30, 2007
|
$
|
50,000
|
$
|
6,384,250
|
$
|
170,955
|
$
|
6,605,205
|
|||
Production
costs incurred during year ending June 30, 2008
|
23,758
|
425,431
|
584,245
|
1,033,434
|
|||||||
Transfers
of film costs between categories for the year ended June 30,
2008
|
4,997,322
|
(4,953,433
|
(43,889)
|
-
|
|||||||
Total
film costs incurred and paid by FMYR during year ended June 30,
2008
|
5,021,080
|
(4,528,002)
|
540,356
|
1,033,434
|
|||||||
Net
film cost balance before the year ended June 30, 2008 amortization &
write-offs
|
5,071,080
|
1,856,248
|
711,311
|
7,638,639
|
|||||||
Less
film cost amortization & write- offs during the year ended June 30,
2008( See Table 4D below )
|
(750,322)
|
(1,856,248)
|
(287,155)
|
(2,893,725)
|
|||||||
Net
film cost balance at June 30, 2008
|
$
|
4,320,758
|
$
|
-
|
$
|
424,156
|
$
|
4,744,914
|
Table
4B
|
Released
|
In
Production
|
Development
and Pre-Production
|
Total
|
|||||||
Net
film cost balance at June 30, 2006
|
$
|
50,000
|
$
|
5,451,125
|
$
|
300,323
|
$
|
5,801,448
|
|||
Production
costs incurred during year ending June 30, 2007
|
2,313
|
1,952,464
|
1,412,315
|
3,367,092
|
|||||||
Transfers
of film costs between categories for the year ended June 30,
2007
|
-
|
533,724
|
(533,724)
|
-
|
|||||||
Total
film costs incurred and paid by FMYR during year ended
|
2,313
|
2,486,188
|
878,591
|
3,367,092
|
|||||||
Net
film cost balance before the year ended June 30, 2007 amortization &
write offs
|
52,313
|
7,937,313
|
1,178,914
|
9,168,540
|
|||||||
Less
film cost amortization & write offs during the year ended June 30,
2007( See Table 4D below )
|
(2,313)
|
(1,553,063)
|
(1,007,959)
|
(2,563,335)
|
|||||||
Net
film cost balance at June 30, 2007
|
$
|
50,000
|
$
|
6,384,250
|
$
|
170,955
|
$
|
6,605,205
|
Table
4C
|
June
30,
2008
|
June
30, 2007
|
||||
Borderland
|
91
|
%
|
74
|
%
|
||
Conan
the Barbarian
|
6
|
%
|
-
|
%
|
||
King
of California
|
-
|
%
|
23
|
%
|
||
Day
of the Dead
|
1
|
%
|
-
|
%
|
||
Terror
Train
|
1
|
%
|
-
|
%
|
||
Total
of other individual projects less than 5%
|
1
|
%
|
2
|
%
|
||
Total
|
100
|
%
|
100
|
%
|
Table
4D
|
Year
Ended
|
|||||
06/30/2008
|
06/30/2007
|
|||||
After
Sex
|
$
|
13,782
|
$
|
990
|
||
Good
Advice
|
723
|
912
|
||||
Held
for Ransom
|
12,879
|
330
|
||||
Speedway
Junkie
|
72
|
7
|
||||
Borderland
|
711,818
|
-
|
||||
Other
|
111
|
-
|
||||
Rambo
|
14
|
896,230
|
||||
Righteous
Kill
|
262,170
|
-
|
||||
Higher
Form of Learning
|
91,555
|
-
|
||||
King
of California
|
1,521,013
|
-
|
||||
16
Blocks
|
16
|
626
|
||||
Wickerman
|
-
|
251,256
|
||||
The
Contract
|
-
|
401
|
||||
88
Minutes
|
15
|
415
|
||||
White
Air
|
18,909
|
346,675
|
||||
Code
|
52,721
|
32,645
|
||||
Edison
|
8
|
-
|
||||
Brilliant
– write-off/ not being done
|
17,865
|
-
|
||||
Creepshow
– write-off / not being done
|
-
|
3,317
|
||||
Home
of the Brave
|
54
|
47,328
|
||||
Saturday
Night Special
|
-
|
59,737
|
||||
Micronauts
– write-off/not being done
|
38,958
|
16,966
|
||||
Rin
Tin Tin
|
-
|
180
|
||||
FMYR/EFF
Participation Payment
|
136,200
|
732,949
|
||||
The
Tenant
|
-
|
4
|
||||
Total
of other individuals projects with costs less than $40,000 – either
amortized or write-off/ small projects not being dne
|
14,842
|
172,367
|
||||
Total
all projects
|
$
|
2,893,725
|
$
|
2,563,335
|
Year
Ended
|
||||||||
06/30/2008
|
06/30/2007
|
|||||||
Producer
Fees / Film Revenue
|
||||||||
Righteous
Kill
|
$
|
275,000
|
$
|
-
|
||||
Higher
Form of Learning
|
150,000
|
-
|
||||||
The
Code
|
100,000
|
-
|
||||||
Mogul/Realty
Show
|
20,000
|
-
|
||||||
Microwave
Park
|
100,000
|
-
|
||||||
Anytown
Throwdown
|
18,000
|
-
|
||||||
Subtotal
|
663,000
|
-
|
||||||
King
of California
|
1,300,000
|
-
|
||||||
Rambo
|
-
|
1,500,000
|
||||||
Total
Producer Fees / Film Revenue
|
1,963,000
|
1,500,000
|
||||||
Royalties
and Other Revenue
|
||||||||
Royalties
|
117,652
|
11,298
|
||||||
Distribution
revenue
|
1,149,915
|
100,000
|
||||||
Total
Royalties and Other Revenue
|
1,267,567
|
111,298
|
||||||
Total
Revenues
|
$
|
3,230,567
|
$
|
1,611,298
|
June
30,
|
||||
Major
Customers
|
2008
|
2007
|
||
NuImage/Millennium Films
|
59.59%
|
98.97%
|
||
Lions
Gate Films
|
27.86%
|
0.00%
|
||
After
Dark
|
6.19%
|
0.00%
|
||
Others,
less than 5%
|
6.36%
|
1.03%
|
||
Total
Revenue
|
100.00%
|
100.00%
|
June
30,
|
June
30,
|
|||||||
Life
|
2008
|
2007
|
||||||
Office
furniture and equipment
|
7
years
|
$
|
52,558
|
$
|
52,758
|
|||
Computer
equipment
|
5
years
|
93,083
|
86,873
|
|||||
Software
|
3
years
|
88,956
|
87,641
|
|||||
Leasehold
Improvements
|
1
year
|
20,445
|
1,900
|
|||||
Total
|
255,042
|
229,172
|
||||||
Less
accumulated depreciation and amortization
|
(215,514)
|
(171,004
)
|
||||||
$
|
37,528
|
$
|
58,168
|
Investor
Loans
|
Participation
Loans
|
|||||||||||||||||||||||||
Tau
|
Scorched
|
|||||||||||||||||||||||||
Entertainment
|
Earth
|
Freedom
|
EFF
|
Gary
|
Dr.
Raja H.
|
Justin
|
||||||||||||||||||||
Specified
Use
|
(Elisa
Salinas)
|
Entertainment
|
Films
|
Partners,
LLC
|
Granstaff
|
Ataya
|
Holecek
|
Totals
|
||||||||||||||||||
The
Tenant
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
68,486
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
68,486
|
||||||||||
Borderland
|
1,799,719
|
572,500
|
2,355,192
|
-
|
-
|
-
|
-
|
4,727,411
|
||||||||||||||||||
White
Air
|
-
|
-
|
-
|
346,514
|
-
|
-
|
-
|
346,514
|
||||||||||||||||||
Wickerman
|
250,000
|
-
|
-
|
-
|
-
|
-
|
-
|
250,000
|
||||||||||||||||||
King
of California
|
1,300,000
|
-
|
-
|
-
|
-
|
-
|
-
|
1,300,000
|
||||||||||||||||||
Room
Service
|
130,000
|
-
|
-
|
-
|
-
|
-
|
-
|
130,000
|
||||||||||||||||||
Day
of the Dead
|
-
|
-
|
-
|
300,000
|
-
|
-
|
-
|
300,000
|
||||||||||||||||||
Rin
Tin Tin
|
-
|
-
|
-
|
85,000
|
-
|
-
|
-
|
85,000
|
||||||||||||||||||
Participation
Fee
|
-
|
-
|
-
|
-
|
750,000
|
-
|
-
|
750,000
|
||||||||||||||||||
Balance
- June 30, 2007
|
3,479,719
|
572,500
|
2,355,192
|
800,000
|
750,000
|
-
|
-
|
7,957,411
|
||||||||||||||||||
Participation
Fee
|
-
|
-
|
-
|
-
|
-
|
200,000
|
500,000
|
700,000
|
||||||||||||||||||
Special
Adjustments or payments:
|
||||||||||||||||||||||||||
Agreed
to Transfer Investor
|
||||||||||||||||||||||||||
to
Convertible Debt
|
(315,000)
|
-
|
-
|
(790,000)
|
-
|
-
|
-
|
(1,105,000)
|
||||||||||||||||||
Adjust
for projects not being
|
||||||||||||||||||||||||||
made
(Room Service) and
|
||||||||||||||||||||||||||
/or
Project term (Wickerman)
|
||||||||||||||||||||||||||
indicate
loss and no longer due
|
(380,000)
|
-
|
-
|
-
|
-
|
-
|
-
|
(380,000)
|
||||||||||||||||||
Cash
accrued payment at6/30/08
|
(1,085,000)
|
(20,000)
|
-
|
(10,000)
|
(74,144)
|
(5,221)
|
(8,125)
|
(1,202,490)
|
||||||||||||||||||
Balance
- June 30, 2008
|
$
|
1,699,719
|
$
|
552,500
|
$
|
2,355,192
|
$
|
-
|
$
|
675,856
|
$
|
194,779
|
$
|
491,875
|
$
|
5,969,921
|
Debt
Feature
|
Initial
Debt
|
||||||||||||
Date
of
|
Amount
|
Conversion
|
Term
|
Fair
Value at
|
Carrying
|
||||||||
Note
|
of
Note
|
Price
(1)
|
of
Note
|
Issuance
|
Value
|
||||||||
9-Nov-04
|
$
|
2,000,000
|
$30.00
or 80%
|
2
years
|
$
|
674,158
|
$
|
1,032,899
|
|||||
24-May-06
|
$
|
400,000
|
80%
|
1
year
|
$
|
135,770
|
$
|
264,250
|
|||||
5-Jun-07
|
$
|
1,000,000
|
$0.10
(2)
|
2
years
|
$
|
1,000,000
|
$
|
-
|
|||||
30-Sep-07
|
$
|
300,000
|
80%
|
2
years
|
$
|
24,722
|
$
|
275,278
|
|||||
1-Jan-08
|
$
|
500,000
|
80%
|
2
years
|
$
|
41,204
|
$
|
458,796
|
|||||
21-Jun-08
|
$
|
290,000
|
80%
|
2
years
|
$
|
23,896
|
$
|
266,104
|
|||||
30-Jun-08
|
$
|
315,000
|
80%
|
2
years
|
$
|
25,961
|
$
|
289,039
|
(1)
|
=
the conversion price is the lower of the set price or 80% of market
closing price.
|
(2)
|
=
fixed conversion price.
|
Date
of Warrants
|
Number
of
|
Market
Price
|
Exercise
|
Term
of
|
Fair
Value
|
Fair
Value
|
Fair
Value
|
||||||||||||
Issued
|
Warrants
|
at
issue date
|
Price
|
Warrants
|
at
Issuance
|
6/30/2007
|
6/30/2008
|
||||||||||||
November
4, 2004
|
33,333
|
$
|
16.40
|
$
|
24.00
|
5
years
|
$
|
104,894
|
$
|
96
|
$
|
1
|
|||||||
November
4, 2004
|
83,333
|
$
|
16.40
|
$
|
30.00
|
5
years
|
$
|
262,460
|
$
|
239
|
$
|
1
|
|||||||
June
5, 2007
|
5,000,000
|
$
|
0.14
|
$
|
0.10
|
5
years
|
$
|
565,376
|
$
|
468,336
|
$
|
29,032
|
|||||||
June
5, 2007
|
5,000,000
|
$
|
0.14
|
$
|
0.20
|
5
years
|
$
|
551,018
|
$
|
455,515
|
$
|
23,494
|
Notes
payable –
|
June
30,
|
June
30,
|
||||
Convertible
debt
|
2008
|
2007
|
||||
Gross
Notes payable Convertible debt
|
$
|
2,992,401
|
$
|
1,627,401
|
||
Less
unamortized debt issue costs
|
792,700
|
1,118,982
|
||||
Notes
payable Convertible debt
|
$
|
2,199,701
|
$
|
508,419
|
Unamortized Debt
Discount
|
|||||
Yearly
Activity
|
Date
|
Activity
Explanation
|
|||
$
|
1,157,451
|
6/30/2006
|
Year-end
Balance
|
||
$
|
(1,038,469)
|
6/30/2007
|
Debt
amortization
|
||
$
|
1,000,000
|
6/30/2007
|
Adjustment
for new debt
|
||
$
|
1,118,982
|
6/30/2007
|
Year-end
Balance
|
||
$
|
(326,282)
|
6/30/2008
|
Debt
amortization
|
||
$
|
792,700
|
6/30/2008
|
Year-end
Balance
|
$
|
871,658
|
income,
decrease in value of 2004, 2006, 2007 and 2008 warrant
liability
|
(41,252)
|
expense,
increase in value of 2004, 2006, 2007 and 2008 derivative
liability
|
|
$
|
830,406
|
other
income related to convertible debt
|
$
|
216,737
|
income,
decrease in value of 2004, 2006 and 2007 warrant
liability
|
553,649
|
income,
increase in value of 2004 and 2006 derivative
liability
|
|
$
|
770,386
|
other
income related to convertible debt
|
$
|
413,442
|
of
interest expense related to accretion of 2007 convertible
debt
|
28,623
|
of
interest expense related to accretion of 2008 convertible
debt
|
|
$
|
442,065
|
of
interest expense related to convertible
debt
|
$
|
817,057
|
of
interest expense related to accretion of 2005 convertible
debt
|
111,745
|
of
interest expense related to accretion of 2006 convertible
debt
|
|
109,667
|
of
interest expense related to accretion of 2007 convertible
debt
|
|
$
|
1,038,469
|
of
interest expense related to convertible
debt
|
$
|
439,753
|
June
30, 2006 value
|
1,000,000
|
Increase
in 2007 convertible debt
|
|
(1,000,000)
|
Increase
in discount
|
|
(672,767)
|
Conversion
of debt to common shares
|
|
(297,036)
|
Repayment
of debt
|
|
1,038,469
|
Accretion
of convertible debt
|
|
$
|
508,419
|
June
30, 2007 carrying value of debt
|
$
|
508,419
|
June
30, 2007 value
|
1,405,000
|
Increase
in 2008 convertible debt
|
|
(115,783)
|
Increase
in debt discount
|
|
(40,000)
|
Repayment
of debt
|
|
442,065
|
Accretion
of convertible debt
|
|
$
|
2,199,701
|
June
30, 2008 carrying value of debt
|
$
|
930,227
|
June
30, 2006 value of derivative liability
|
68,581
|
original
values of 2007 derivative liability
|
|
(415,663)
|
decrease
in values of 2004 derivative liability
|
|
(139,819)
|
decrease
in values of 2006 derivative liability
|
|
1,833
|
increase
in values of 2007 derivative liability
|
|
$
|
445,159
|
June
30, 2007 value of derivative
liability
|
$
|
445,159
|
June
30, 2007 value of derivative liability
|
24,722
|
original
values of 2007 derivative liability
|
|
91,061
|
original
values of 2008 derivative liability
|
|
34,059
|
increase
in values of 2007 derivative liability
|
|
7,193
|
increase
in values of 2008 derivative liability
|
|
$
|
602,194
|
June
30, 2008 value of derivative
liability
|
$
|
24,529
|
June
30, 2006 value of warrant liability
|
1,116,367
|
Original
carrying values of 2007 warrant liability
|
|
(24,529)
|
decrease
in value of 2004 warrant liability
|
|
(192,208)
|
decrease
in values of 2007 warrant liability
|
|
$
|
924,159
|
June
30, 2007 value of warrant liability
|
$
|
924,159
|
June
30, 2007 value of warrant liability
|
(333)
|
decrease
in value of 2004 warrant liability
|
|
(600,630)
|
decrease
in value of 2007 warrant liability
|
|
(270,668)
|
decrease
in values of 2008 warrant liability
|
|
$
|
52,528
|
June
30, 2008 value of warrant liability
|
June
30,
2008
|
June
30,
2007
|
||||
Accounts
payable
|
$
|
63,734
|
$
|
186,781
|
|
Accrued
interest payable
|
195,709
|
51,981
|
|||
$
|
259,443
|
$
|
238,762
|
2008
|
2007
|
|||||
Income
tax provision
|
||||||
Current
|
$
|
-
|
$
|
-
|
||
Deferred
|
-
|
-
|
||||
Total
|
$
|
-
|
$
|
-
|
2008
|
2007
|
||||
Deferred
tax assets:
|
|||||
Net
operating losses
|
$
|
4,943,203
|
$
|
4,534,245
|
|
Accounts
receivable - allowance for doubtful accounts
|
-
|
-
|
|||
Valuation
allowance
|
(4,940,203)
|
(4,531,245)
|
|||
Total
deferred tax assets
|
3,000
|
3,000
|
|||
Deferred
tax liabilities:
|
|||||
Basis
of property and equipment
|
(3,000)
|
(3,000
)
|
|||
Net
deferred tax asset
|
$
|
-
|
$
|
-
|
2008
|
2007
|
||||||||||
Amount
|
Percent
|
Amount
|
Percent
|
||||||||
Benefit
for income tax at federal
|
|||||||||||
statutory
rate
|
$
|
286,259
|
34%
|
$
|
1,102,035
|
34%
|
|||||
State
taxes benefit, net of federal cost
|
46,307
|
6%
|
179,805
|
6%
|
|||||||
Non-deductible
expenses related to convertible debt and derivative financial
instruments
|
85,510
|
10%
|
(332,294)
|
(10)%
|
|||||||
Other,
including non-deductible
|
|||||||||||
business
meals and entertainment
|
(12,118)
|
(2)%
|
(16,207)
|
(1)%
|
|||||||
Change
in valuation allowance
|
(405,958)
|
(48)%
|
(933,339)
|
(29)%
|
|||||||
$
|
-
|
0%
|
$
|
-
|
0%
|
Remaining
|
|||||||||
Contractual
|
|||||||||
Number
of
|
Expiration
|
Life
|
Exercise
|
||||||
Shares
|
Date
|
(Years)
|
Price
|
||||||
116,667
|
November
2009
|
1.5
|
$24.00
|
||||||
5,000,000
|
June
2011
|
3.0
|
$0.10
|
||||||
5,000,000
|
June
2011
|
3.0
|
$0.20
|
||||||
10,116,667
|
2008
|
2007
|
||||
Number
of customers accounting for more than 10% of revenue
|
2
|
1
|
|||
Percentage
of total revenue derived from largest customer
|
59
|
%
|
98
|
%
|
|
Percentage
of total revenue derived from second largest customer
|
28
|
%
|
1
|
%
|
Date
|
Shares
|
Market
Price
|
Cost
|
Commissions
|
Total
|
|||||||||
8/3/2006
|
3,250
|
$
|
2.40
|
$
|
7,800
|
$
|
400
|
$
|
8,200
|
|||||
8/4/2006
|
1,625
|
$
|
1.92
|
3,120
|
163
|
3,283
|
||||||||
8/15/2006
|
1,374
|
$
|
1.86
|
2,556
|
135
|
2,691
|
||||||||
8/16/2006
|
2,475
|
$
|
1.96
|
4,851
|
247
|
5,098
|
||||||||
8/17/2006
|
500
|
$
|
2.40
|
1,200
|
25
|
1,225
|
||||||||
8/17/2006
|
4,450
|
$
|
2.36
|
10,502
|
528
|
11,030
|
||||||||
8/18/2006
|
4,800
|
$
|
2.34
|
11,232
|
557
|
11,789
|
||||||||
8/21/2006
|
500
|
$
|
2.40
|
1,200
|
-
|
1,200
|
||||||||
8/21/2006
|
1,250
|
$
|
2.40
|
3,000
|
-
|
3,000
|
||||||||
8/21/2006
|
1,250
|
$
|
2.40
|
3,000
|
8
|
3,008
|
||||||||
8/21/2006
|
500
|
$
|
2.72
|
1,360
|
-
|
1,360
|
||||||||
8/23/2006
|
250
|
$
|
2.30
|
575
|
7
|
582
|
||||||||
8/23/2006
|
500
|
$
|
2.50
|
1,250
|
58
|
1,308
|
||||||||
8/30/2006
|
250
|
$
|
2.30
|
575
|
27
|
602
|
||||||||
8/31/2006
|
250
|
$
|
1.80
|
450
|
33
|
483
|
||||||||
9/5/2006
|
1,000
|
$
|
1.80
|
1,800
|
97
|
1,897
|
||||||||
9/7/2006
|
1,000
|
$
|
1.60
|
1,600
|
88
|
1,688
|
||||||||
9/14/2006
|
100
|
$
|
1.90
|
190
|
27
|
217
|
||||||||
9/14/2006
|
500
|
$
|
1.90
|
950
|
32
|
982
|
||||||||
9/18/2006
|
1,000
|
$
|
1.60
|
1,600
|
73
|
1,673
|
||||||||
9/18/2006
|
100
|
$
|
1.60
|
160
|
25
|
185
|
||||||||
9/19/2006
|
250
|
$
|
1.60
|
400
|
27
|
427
|
||||||||
9/26/2006
|
1,250
|
$
|
1.70
|
2,125
|
72
|
2,197
|
||||||||
9/27/2006
|
500
|
$
|
1.80
|
900
|
34
|
934
|
||||||||
9/27/2006
|
700
|
$
|
1.88
|
1,316
|
8
|
1,324
|
||||||||
9/27/2006
|
50
|
$
|
1.80
|
90
|
-
|
90
|
||||||||
9/28/2006
|
1,250
|
$
|
1.88
|
2,350
|
7
|
2,357
|
||||||||
9/29/2006
|
1,250
|
$
|
1.88
|
2,350
|
8
|
2,358
|
||||||||
10/5/2006
|
1,000
|
$
|
1.60
|
1,600
|
106
|
1,706
|
||||||||
6/29/2007
|
144,855
|
$
|
0.10
|
14,383
|
376
|
14,759
|
||||||||
9/30/2007
|
472,055
|
$
|
0.11
|
49,630
|
840
|
50,470
|
||||||||
Total
Shares Purchased
|
650,084
|
$
|
$
|
134,115
|
$
|
4,008
|
$
|
138,123
|
||||||
Less:
Shares return to
|
||||||||||||||
to
available
|
-522,684
|
-121,365
|
-3,622
|
-124,987
|
||||||||||
Total
Net Shares Purchased
|
127,400
|
$
|
12,750
|
$
|
386
|
$
|
13,136
|
|||||||
Average
Stock Price Per Share
|
$
|
0.52
|
Tau
Entertainment (Elisa Salinas)
|
$
|
204,067
|
Scorched
Earth Entertainment
|
74,851
|
|
Freedom
Films
|
308,874
|
|
$
|
587,792
|
1 Year Family Room Entertainment (CE) Chart |
1 Month Family Room Entertainment (CE) Chart |
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