Gold River Productions Inc (GRPS)

[MiltonTonic]

During 2020, the Company entered into a strategic alliance with Able Academics LLC (Able). As part of this alliance, Able will be provided $7,500,000 in funding in exchange for their gross revenues from operations being assigned to an escrow account. Those gross revenues, less a variable percentage, will belong to the Company and paid out according to the agreement with Able. During the three months ended June 30, 2022 and the year ended Decembers 31, 2021 those revenues totaled $1,135,078 and $4,289,901, respectively, along with related costs of the same amounts. During the three months ended June 30, 2022, the agreement with Able was terminated effective March 31, 2022.
https://www.otcmarkets.com/otcapi/company/financial-report/388815/content

Able Academy was a losing deal for grps to make it appear that revenue occurred in the filings. It was a minor loss each quarter until cost of operations was figured in. It was a facade to make it look like the company cared about the damaged children and had revenue, same as the "suffering veterans" script.