| | | Year Ended June 30, 2012 (as originally filed) | | Foregiveness of Debt | | Reclass of "one- time revlauation of film costs" | | Impairment of Music Assets | | Adjustment of Revenue/AR recognized from SAPLA | | June 30, Restated | | ||||||
| Revenue: | | | | | | | | | | | | | | | | | | | |
| Film revenue | | | 823,006 | | | | | | | | | | | | | | | 823,006 | |
| Fee income revenue - related party | | | 7,540,898 | | | | | | | | | | | | (4,305,898) | | | 3,235,000 | |
| Total revenue | | | 8,363,904 | | | | | | | | | | | | | | | 4,058,006 | |
| | | | | | | | | | | | | | | | | | | | |
| Cost of revenue | | | | | | | | | | | | | | | | | | | |
| Amortization of film costs | | | 3,996,577 | | | | | | | | | | | | | | | 3,996,577 | |
| Impairment of film and music costs | | | | | | | | | 6,459,247 | | | 3,035,000 | | | | | | 9,494,247 | |
| Other cost of revenue | | | 899,065 | | | | | | | | | | | | | | | 899,065 | |
| Cost of revenue | | | 4,895,642 | | | | | | | | | | | | | | | 14,389,889 | |
| | | | | | | | | | | | | | | | | | | | |
| Gross profit | | | 3,468,262 | | | | | | | | | | | | | | | (10,331,883) | |
| Operating expenses: | | | | | | | | | | | | | | | | | | | |
| General and administrative expense | | | 2,251,139 | | | | | | | | | | | | | | | 2,251,139 | |
| Change in estimate on impairment of film costs | | | 6,459,247 | | | | | | (6,459,247) | | | | | | | | | - | |
| Bad debt expense | | | 307,481 | | | | | | | | | | | | | | | 307,481 | |
| Total operating expenses | | | 9,017,867 | | | | | | | | | | | | | | | 2,558,620 | |
| | | | | | | | | | | | | | | | | | | | |
| Income from operations | | | (5,549,605) | | | | | | | | | | | | | | | (12,890,503) | |
| Non-operating income(expense) | | | | | | | | | | | | | | | | | | | |
| Other income | | | 31,100 | | | 4,458,621 | | | | | | | | | | | | 4,489,721 | |
| Interest expense | | | (2,752,682) | | | | | | | | | | | | | | | (2,752,682) | |
| Interest income | | | - | | | | | | | | | | | | | | | - | |
| Total non-operating income (expense) | | | (2,721,582) | | | | | | | | | | | | | | | 1,737,039 | |
| | | | | | | | | | | | | | | | | | | | |
| Income/(loss) before taxes | | | (8,271,187) | | | | | | | | | | | | | | | (11,153,464) | |
| Change in debt derivative | | | - | | | | | | | | | | | | | | | - | |
| | | | (8,271,187) | | | | | | | | | | | | | | | (11,153,464) | |
| Provision for income tax (benefit) | | | - | | | | | | | | | | | | | | | - | |
| Net income (loss) | | | (8,271,187) | | | | | | | | | | | | | | | (11,153,464) | |
| | | | | | | | | | | | | | | | | | | | |
| Comprehensive income (loss): | | | | | | | | | | | | | | | | | | | |
| Net income (loss) | | | (8,271,187) | | | | | | | | | | | | | | | (11,153,464) | |
| Foreign exchange translation gain (loss) | | | (13,555) | | | | | | | | | | | | | | | (13,555) | |
| Comprehensive income (loss) | | | (8,284,742) | | | | | | | | | | | | | | | (11,167,019) | |
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | 4,458,621 | | | - | | | 3,035,000 | | | -6,305,898 | | | | |
| | | | | | | | | | | | | | | | | | | | |
| Weighted average number of ordinary shares used in the profit (loss) per share calculation: | | | | | | | | | | | | | | | | | | | |
| Basic | | | 453,057 | | | | | | | | | | | | | | | 453,057 | |
| Diluted | | | 453,057 | | | | | | | | | | | | | | | 453,057 | |
| | | | | | | | | | | | | | | | | | | | |
| Basic profit/ (loss) per share | | | (18.26) | | | | | | | | | | | | | | | (24.62) | |
| Diluted profit/ (loss) per share | | | (18.26) | | | | | | | | | | | | | | | (24.62) | |