Friday, November 21, 2014 11:08:56 AM
NOTE 6 – REVENUE RECOGNITION
The Company currently has licensed its film property, The Eye of the Storm to Gravitas Ventures, a third party
aggregator of film content. In the period ended September 30, 2014, it is likely that the property generated revenue
through many of Gravitas’ distribution channels. However, as the amounts earned are not reasonably estimable at
the report date, the Company has chosen not to recognize revenue until it is estimable.
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