East Shore Distributors, Inc.
CIK:0001529516|SEC Filings
Consolidated Statements of Income and Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Nov. 30, 2015 |
Aug. 31, 2015 |
Nov. 30, 2015 |
|||||
| Income Statement [Abstract] | |||||||
| REVENUES (all media, fees & licenses) | $ 622,129 | $ 6,863 | $ 615,266 | ||||
| Net, Collected Revenues | |||||||
| ADJUSTED REVENUES FOR PERIOD | 622,129 | 6,863 | 615,266 | ||||
| COST OF SALES | |||||||
| Commissions | |||||||
| Sales and Marketing | |||||||
| Freight | |||||||
| Other Expenses | |||||||
| TOTAL COST OF SALES | |||||||
| GENERAL AND ADMINISTRATIVE EXP. | 39,457 | 163,770 | (124,313) | ||||
| GROSS PROFIT | 582,672 | (156,907) | 739,579 | ||||
| OTHER INCOME (EXPENSE) | (20,320) | (30,800) | 10,480 | ||||
| INCOME BEFORE TAXES | 562,352 | (187,707) | 750,059 | ||||
| PROVISION FOR INCOME TAXES | (40,510) | [1] | [1] | (40,510) | |||
| NET INCOME | 521,842 | (187,707) | 709,549 | ||||
| RETAINED EARNINGS (Beginning of Period) | (1,108,973) | ||||||
| RETAINED EARNINGS (End of Period) | $ (587,131) | $ (1,108,973) | $ (587,131) | ||||
| |||||||
Consolidated Statements of Cash Flows (Unaudited) |
3 Months Ended |
|---|---|
|
Nov. 30, 2015
USD ($)
| |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |
| Net Income (loss) | $ 521,842 |
| Changes in operating assets and liabilities: | |
| Prepaid Project Cost | (1,974,083) |
| Film Costs | |
| Other Assets | |
| Accounts payable and accrued liabilities | |
| Project advances | |
| Accrued interest | |
| Net Cash (Used In) Operating Activities | (1,452,241) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |
| Cash from Acquisition of Crimson Forest | |
| Film Production Investments | 2,825,003 |
| Other Receivable | (373,082) |
| Net Cash provided by (Used In) Investing Activities | 2,451,921 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |
| Proceeds from loans payable - related party | |
| Repayment of loans payable-related party | (1,000,000) |
| Proceeds from issuance of convertible debt | |
| Net Cash Provided By (Used In) Financing Activities | (1,000,000) |
| NET (DECREASE) INCREASE IN CASH | (320) |
| CASH - BEGINNING OF PERIOD | 3,462 |
| CASH - ENDING OF PERIOD | 3,142 |
| SUPPLEMENTARY DISCLOSURES: | |
| Income tax | |
| Interest | $ 20,371 |