THANKS TOM FOR THE WONDERFUL CONSULTING!!!
TSMI STTK LUXD
T. Joseph Coleman is the principal Consultant to the Company...
Still trying to peddle them old websites/movies INMG...
The remaining unamortized film costs assigned to film asset purchases include costs for the completed film Night of the Living Dead 3D, two films in production, Nightmares in Red, White and Blue and American Grindhouse, and a 50% interest in Vega 7 Entertainment’s documentary motion picture entitled “Area 51: The Alien Interview”.
Night of the Living Dead 3D has provided the majority of all Company revenues to date, and our total cost of this film was $59,221. We began amortization of the Night of the Living Dead 3D film costs in the period ended August 31, 2008, and recorded amortization totaling $23,688. We have recorded $18,000 of amortization of this film during the year ended August 31, 2009. The remaining costs will be amortized in the year ended August 31, 2010. We expect to begin amortizing the costs of American Grindhouse and Nightmares in Red, White and Blue, both of which were completed during the year ended August 31, 2009, upon their initial release dates which are expected to occur during the year ending August 31, 2010.
The Company has also begun to develop two new documentary films "Gameplay: The Story of the Video Game Revolution" and "Kung Fu Confidential”. As of August 31, 2009, the Company has capitalized $52,677 of costs associated with the contracts to write these films.
