PROJECT DEVELOPMENT COSTS

3 Months Ended

Oct. 31, 2020

Research and Development [Abstract]

PROJECT DEVELOPMENT COSTS

7. PROJECT DEVELOPMENT COSTS

At October 31, 2020, the Company had one documentary film in development related to the Arpaio Agreement (see Note 6) and one feature film in development. Development costs to date are summarized as follows:

Balance at July 31, 2020	$	134,413
Additions		752,271
Transferred to production costs		—
Charged to operations		—
Balance at October 31, 2020	$	886,684

Included in such costs at October 31, 2020 are pre-production costs of $7,037 related to a film that began filming in December 2020.

During the three months ended October 31, 2020, the Company paid producer fees to an officer of the Company aggregating $25,000, which are accounted for as project development costs in the accompanying consolidated balance sheet.