Tuesday, August 15, 2023 10:08:43 AM
(6) Notes Payable – although the Company did enter into new loans during Q1 totaling $119,915 (total new loans received
less payments made on prior notes) – this balance sheet figure has been adjusted down to reflect balances since confirmed, including some items moved into alternative categories under liabilities. Funds received from private, nonaffilliate lenders during Q2 were utilized for legal and accounting purposes, production investments into four projects, and the costs of attending and promoting sales and new MyFlix supplier partners at the Cannes Film Festival, along
with general operating expenses
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