Hannover House Inc (HHSE)

[speckulater]

HHSE 10-Q: Quarterly Financials Highlights: Period Ended 9/30/14
















HHSE Third Quarter 10-Q HIGHLIGHTS


- 19 out of 19 Consecutive Quarters of Revenues & Profits

- Theatrical Servicing Fees = $80,000

- VODwiz Income* = $ 23,245

- Total Revenues = $407,605

- Net Income = $215,273

- Retained Earnings, End of Period = $5,211,633

- Accounts Receivable** $ 3,574,189


* VODwiz income during Q3 was derived entirely from mastering fees charged by Company to supplier partners as part of the on-boarding processes for the forthcoming consumer launch of the portal.

** Accounts Receivable includes the gross contract values for fully-accepted, credit-worthy international presale agreements ($2,500,000), for which the net amount payable to producers / licensors is expensed on the liability detail. Company has retained previously recognized international presales and coproduction contracts, but has intentionally withheld recognition of new contracts and presales obtained during or after the Cannes Festival and Market, so that these revenues may be recognized at a later date, likely upon delivery of the subject films. Company has elected to defer realization of additional International Presales and Co-Production agreements until deliver of each film production is acknowledged.


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