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Re: Splash59 post# 5956

Saturday, 07/13/2013 5:23:04 PM

Saturday, July 13, 2013 5:23:04 PM

Post# of 79352
All the filings are in order and this is a real company who delivers what they say they will....not like an empty shell with air in it.

For the three months ended March 31, 2013, we did not have any revenues. We paid management salaries of $50,712, had accounting expenses of $5,000, and had a bank service charge of $43. We paid stock transfer agent fees of $1,250 and music artist promotional costs of $25,750. As a result, we had a net loss of $82,755 for the three months ended March 31, 2013.

Item 1A. Risk Factors

Not applicable for smaller reporting companies

NOTE 5 - ACCOUNTS PAYABLE

The Company’s Accounts Payable at March 31, 2013 consisted of the following:

Due to co-distributor of the music artists Jesse Scott, VIC and Hurricane Chris, see Notes 3 (a) and 8(b) $ 600,000


Due to promotions company for the future promotion of the music artist Bruce-E-Bee, see Notes 3 (a) and 8(d) 150,000


Due to the co-producer of the animated motion picture “Bigfoot’s Big Halloween Adventures” (aka “The Legend of Sasquatch 2”), see note 3 (b) 275,000


Due to an affiliated company of the Company’s CEO in reimbursement for music promotion costs paid for the music artist Bruce -E-Bee 25,750


Advances due under the music recording and distribution agreement with music artists Downtown Attraction, see Note 3 (b) 30,000


All other 5,200

TOTAL $ 1,085,950

http://ih.advfn.com/p.php?pid=nmona&article=57654107

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