0001549727-17-000026.txt : 20170515 0001549727-17-000026.hdr.sgml : 20170515 20170515104640 ACCESSION NUMBER: 0001549727-17-000026 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 27 CONFORMED PERIOD OF REPORT: 20170331 FILED AS OF DATE: 20170515 DATE AS OF CHANGE: 20170515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CHINA MEDIA INC. CENTRAL INDEX KEY: 0001434674 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812] IRS NUMBER: 000000000 STATE OF INCORPORATION: NV FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-150952 FILM NUMBER: 17842026 BUSINESS ADDRESS: STREET 1: 12/F, BLOCK D, CHANG AN GUO JI, STREET 2: NO. 88 NAN GUAN ZHENG STREET CITY: BEILIN DISTRICT, XI'AN STATE: F4 ZIP: 710068 BUSINESS PHONE: (86) 298765-1114 MAIL ADDRESS: STREET 1: 12/F, BLOCK D, CHANG AN GUO JI, STREET 2: NO. 88 NAN GUAN ZHENG STREET CITY: BEILIN DISTRICT, XI'AN STATE: F4 ZIP: 710068 FORMER COMPANY: FORMER CONFORMED NAME: Protecwerx Inc. DATE OF NAME CHANGE: 20080508 10-Q/A 1 chndform10qamendmentmarch312.htm AMENDMEND NO.1 FOR FORM 10-Q Converted by EDGARwiz


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


Amendment No. 1 to FORM 10-Q


[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly period ended March 31, 2017


[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the transition period from _________ to _________


Commission file number: 333-150952


China Media Inc.

(Exact name of registrant as specified in its charter)


Nevada

 

46-0521269

(State or other jurisdiction of incorporation or organization)

 

(I.R.S. Employer Identification No.)

 

Room 10128,  No. 269-5-1 Taibai South Road,

Yanta District, Xi'an City, Shaan'xi Province, China

 

710068

(Address of principal executive offices)

 

(Zip Code)

 

Registrant's telephone number, including area code: (86) 298765-1114


Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days    [X] Yes    [ ] No


Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes    [ ] No


Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.


[  ] Large accelerated filer Accelerated filer

[  ] Non-accelerated filer

[X] Smaller reporting company

 


Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

[ ] Yes   [X] No


As of May 11, 2017, the registrant had 39,750,000 shares of common stock outstanding.

 

 



1




Explanatory Note


The purpose of this amendment is to provide the Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K for the Form 10-Q quarterly report for the quarter ended March 31, 2017 filed on May 15, 2017. No change was made to the Form 10-Q quarterly report for the quarter ended March 31, 2017 filed on May 15, 2017.

 

 

Table of Contents

 

PART I - FINANCIAL INFORMATION

 

Item 1. Financial Statements

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

 

Item 4. Controls and Procedures

 

PART II - OTHER INFORMATION

 

Item 1. Legal Proceedings

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

 

Item 3. Defaults Upon Senior Securities

 

Item 4. Submission of Matters to a Vote of Security Holders

 

Item 5. Other Information

 

Item 6. Exhibits

 

 

 


 

 

PART I - FINANCIAL INFORMATION

 

 

Item 1.  Financial Statements

 

The unaudited interim consolidated financial statements of China Media Inc. (the “Company”, “China Media”, “we”, “our”, “us”) follow. All currency references in this report are to U.S. dollars unless otherwise noted.

 

CHINA MEDIA INC.

MARCH 31, 2017

(UNAUDITED)


Financial Statement Index

 

Consolidated Balance Sheets as of  March 31, 2017 (Unaudited) and June 30, 2016 

 

Consolidated Statements of Operations for the three and nine months ended March 31, 2017 and 2016 (Unaudited)

 

Consolidated Statements of Cash Flows for the nine months ended March 31, 2017 and 2016 (Unaudited)

 

Notes to the Consolidated Financial Statements (Unaudited)

 

 

 

 










2





CHINA MEDIA INC.

CONSOLIDATED BALANCE SHEETS

 

 

 

March 31,

2017

 

JUNE 30,

2016

Assets

(Unaudited)

 

 

Current assets

 

 

 

 

Cash and cash equivalents

$

8,686 

 

$

37,190 

 

Accounts receivable, net of allowance of $618,794 and $641,810 at March 31, 2017 and June 30, 2016, respectively

583,412 

 

605,112 

 

Notes receivable, net of allowance of $2,062,006 and $2,138,702 at March 31, 2017 and June 30, 2016, respectively

2,032,980 

 

2,138,702 

 

Prepaid and other receivable

149,573 

 

155,020 

Total current assets

2,774,651 

 

2,936,024 

 

 

 

 

 

 

Fixed assets, net

16,326 

 

18,142 

 

Film costs

725,637 

 

752,627 

 

Prepaid and other assets

725,637 

 

752,627 

 

 

 

 

 

Total assets

$

4,242,251 

 

$

4,459,420 

 

 

 

 

 

Liabilities and Stockholders' Equity

 

 

 

Current liabilities

 

 

 

 

Accounts payable

$

8,902 

 

$

9,122 

 

Accrued liabilities and other payable

298,427 

 

286,437 

 

Due to related party

354,441 

 

272,501 

Total current liabilities

661,770 

 

568,060 

 

 

 

 

 

Total liabilities

661,770 

 

568,060 

 

 

 

 

 

Stockholders' equity

 

 

 

 

Common stock, $0.00001 par value, 180,000,000 shares authorized; 39,750,000 shares issued and outstanding at March 31, 2017 and June 30, 2016

398 

 

398 

 

Additional paid-in capital

11,269,722 

 

11,257,801 

 

Accumulated other comprehensive income

537,710 

 

674,991 

 

Accumulated deficit

(8,227,349)

 

(8,041,830)

Total stockholders' equity

3,580,481 

 

3,891,360 

 

 

 

 

 

Total liabilities and stockholders' equity

$

4,242,251 

 

$

4,459,420 

 

 

 

 

 




The accompanying notes are an integral part of these unaudited consolidated financial statements.



3







CHINA MEDIA INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR THE NINE MONTHS ENDED MARCH 31,

 

FOR THE THREE MONTHS ENDED MARCH 31,

 

2017 

 

2016 

 

2017 

 

2016 

 

 

 

 

 

 

 

 

Revenues

$

 

$

 

$

 

$

Cost of revenues

 

 

 

Gross profit

 

 

 

 

 

 

 

 

 

 

 

Selling, general and administrative

176,692 

 

165,435 

 

36,343 

 

31,882 

Depreciation and amortization expense

1,181 

 

1,467 

 

379 

 

411 

    Total operating expenses

177,873 

 

166,902 

 

36,722 

 

32,293 

 

 

 

 

 

 

 

 

Other income (expense)

 

 

 

 

 

 

 

    Interest income

 

61,062 

 

 

    Interest expense

(11,959)

 

(13,081)

 

(3,785)

 

(2,677)

    Other income

4,313 

 

 

 

Net loss before income taxes

(185,519)

 

(118,921)

 

(40,507)

 

(34,970)

Income taxes

 

 

 

Net loss

$

(185,519)

 

$

(118,921)

 

$

(40,507)

 

$

(34,970)

 

 

 

 

 

 

 

 

Comprehensive loss

 

 

 

 

 

 

 

    Net loss

(185,519)

 

(118,921)

 

(40,507)

 

(34,970)

    Foreign currency translation adjustment

(137,281)

 

(414,930)

 

27,317 

 

45,483 

Comprehensive income (loss)

$

(322,800)

 

$

(533,851)

 

$

(13,190)

 

$

10,513 

 

 

 

 

 

 

 

 

Net loss per common share, basic and diluted

$

(0.00)

 

$

(0.00)

 

$

(0.00)

 

$

(0.00)

Weighted average number of common shares outstanding - basic and diluted

39,750,000 

 

39,750,000 

 

39,750,000 

 

39,750,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.



4







CHINA MEDIA INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

 

 

 

 

FOR THE NINE MONTHS ENDED MARCH 31,

 

 

 

 

2017

 

2016

CASH FLOWS OPERATING ACTIVITIES

 

 

 

 

Net loss

 $                       (185,519)

 

 $                      (118,921)

 

Adjustments to reconcile net loss to net cash provided by (used in)

 

 

 

operating activities:

 

 

 

 

 

Imputed interest

11,921

 

13,081

 

 

Depreciation expense

1,181

 

1,467

 

Changes in operating assets and liabilities:

 

 

 

 

 

 

Prepaid and other receivable

(114)

 

(787,159)

 

 

 

Accrued liabilities and other payable

22,575

 

38,307

 

 

 

Net change in film costs

-

 

1,598,772

Net cash provided by (used in) operating activities

(149,956)

 

745,547

 

 

 

 

 

 

 

CASH FLOW INVESTING ACTIVITIES

 

 

 

 

 

 

Collection of notes receivable

30,004

 

-

Net cash provided by investing activities

30,004

 

-

 

 

 

 

 

 

 

CASH FLOW FINANCING ACTIVITIES

 

 

 

 

 

 

Proceeds from related party advances

93,628

 

57,456

 

 

 

Repayments of related party advances

-

 

(799,386)

Net cash provided by (used in) financing activities

93,628

 

(741,930)

 

 

 

 

 

 

 

Effect of exchange rate changes on cash

(2,180)

 

                             (22,047)

NET CHANGE IN CASH

(28,504)

 

(18,430)

CASH AT BEGINNING OF THE PERIOD

37,190

 

75,612

CASH AT END OF THE PERIOD

 $8,686

 

 $57,182

 

 

 

 

 

 

 

SUPPLEMENTAL INFORMATION:

 

 

 

 

Interest paid

 $                                    -

 

 $                                   -

 

Income taxes paid

 $                                    -

 

$                                   -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these unaudited consolidated financial statements.



5




CHINA MEDIA INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

March 31, 2017


NOTE 1. Description of Business

 

China Media Inc. (“we”, “our”, the “Company”, “China Media”), formerly Protecwerx Inc., was incorporated in the State of Nevada on October 16, 2007.


The Company does not conduct any substantive operations of its own; rather, it conducts its primary business operations through Vallant Pictures Entertainment Co., Ltd., its wholly owned subsidiary incorporated under the laws of the British Virgin Islands, which in turn, conducts its business through Xi’an TV Media Co. Ltd. (“Xi’An TV”). Effective control over Xi’An TV was transferred to the Company through the series of contractual arrangements without transferring legal ownership in Xi’An TV. As a result of these contractual arrangements, the Company maintained the ability to approve decisions made by Xi’An TV and was entitled to substantially all of the economic benefits of Xi’An TV.


Xi’An TV was incorporated in Xi’An, Shaan’xi Province, People’s Republic of China (“PRC”) and is in the business of investing, producing and developing film and television programming for the Chinese market.


NOTE 2. Summary of Significant Accounting Policies


Basis of Presentation and Consolidation


The accompanying unaudited interim consolidated financial statements of China Media Inc. have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual financial statements for the year ended June 30, 2016. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the year ended June 30, 2016 have been omitted.


Use of Estimates


The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes, including estimates of ultimate revenues and ultimate costs of film and television products, the amount of receivables that ultimately will be collected, the potential outcome of future tax consequences of events that have been recognized in the Company’s financial statements and loss contingencies. Actual results could differ from those estimates. To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or results of operations will be affected. Estimates are made based on past experience and other assumptions that management believes are reasonable under the circumstances, and management evaluates these estimates on an ongoing basis.


Recent Accounting Pronouncements


In September 2016, the FASB issued ASU 2016-17, “Consolidation (Topic 810): Interests Held through Related Parties That Are under Common Control”. These amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. If a reporting entity satisfies the first characteristic of a primary beneficiary (such that it is the single decision maker of a variable interest entity), the amendments require that reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, to include all of its direct variable interests in a variable interest entity and, on a proportionate basis, its indirect variable interests



6




in a variable interest entity held through related parties, including related parties that are under common control with the reporting entity. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity adopts the pending content that links to this paragraph in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.


In October 2016, the FASB issued ASU No. 2016-17, “Consolidation (Topic 810): Interest Held through Related Parties That Are under Common Control”. These amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. If a reporting entity satisfies the first characteristic of a primary beneficiary (such that it is the single decision maker of a variable interest entity), the amendments require that reporting entity, in determining whether it satisfies the second characteristic of a primary beneficiary, to include all of its direct variable interests in a variable interest entity and, on a proportionate basis, its indirect variable interests in a variable interest entity held through related parties, including related parties that are under common control with the reporting entity. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity adopts the pending content that links to this paragraph in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.


In December 2016, the FASB issued ASU No. 2016-20, “Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers”. The amendments in ASU 2016-20 affect narrow aspects of the guidance issued in ASU 2014-09 including Loan Guarantee Fees, Contract Costs, Provisions for Losses on Construction-Type and Production-Type Contracts, Disclosure of Remaining Performance Obligations, Disclosure of Prior Period Performance Obligations, Contract Modifications, Contract Asset vs. Receivable, Refund Liability, Advertising Performance Obligations, Contract Modifications, Contract Asset vs. Receivable, Refund Liability, Advertising Costs, Fixed Odds Wagering Contracts in the Casino Industry, and Costs Capitalized for Advisors to Private Funds and Public Funds. The amendments in this ASU is effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those periods. Early adoption is permitted under certain circumstances. The amendments should be applied prospectively as of the beginning of the period of adoption. The Company is currently in the process of evaluating the impact of the adoption on its consolidated financial statements.


In January 2017, the FASB issued ASU 2017-03, “Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)”. This pronouncement amends the SEC’s reporting requirements for public filers in regard to new accounting pronouncements or existing pronouncements that have not yet been adopted. Companies are to provide qualitative disclosures if they have not yet implemented an accounting standards update. Companies should disclose if they are unable to estimate the impact of a specific pronouncement, and provide disclosures including a description of the effect on accounting policies that the registrant expects to apply. These provisions apply to all pronouncements that have not yet been implemented by registrants. There are additional provisions that relate to corrections to several other prior FASB pronouncements. The Company has incorporated language into other recently issued accounting pronouncement notes, where relevant for the corrections in FASB ASU 2017-03. The Company is implementing the updated SEC requirements on not yet adopted accounting pronouncements with these consolidated financial statements.


NOTE 3. Related Party Transactions


From time to time, the Company borrowed loans from Dean Li, the President and Chief Executive Officer of the Company.  As of March 31, 2017 and June 30, 2016, the Company owed Dean Li $354,441 and $272,501, respectively. The loans borrowed from Mr. Dean Li are non-secured, free of interest with no specified maturity date. The imputed interests are assessed as an expense to the business operation and an addition to the paid-in-capital and calculated based on annual interest rate in the range of 4.67%-6.56% with reference to one-year loan.


In July 2015, the Company entered into an agreement to invest RMB 5 million (approximately $752,627) in a film that is produced by Beijing Huaxia Star Media Co., Ltd. and the payment was made in August 2015. As of March 31,



7




2017, the film was still in preparation stage. Dean Li, the President and Chief Executive Officer of the Company, holds 13% equity interest in Beijing Huaxia Star Media Co., Ltd.


NOTE 4. Notes Receivable, Net


On March 20, 2013, the Company lent RMB 946,500 (approximately $155,000) in the form of an interest free loan to China Fengde Movie and TV Copyright Agency (“Zhongshi Fengde”), one of the Company’s business partners. The Company collected RMB 530,000 (approximately $86,305) as of June 30, 2015. No repayment was collected during the year ended June 30, 2016. As of March 31, 2017, an allowance of RMB 208,250 (approximately $30,223) was reserved by the Company against the note receivable.


On June 13, 2014, the Company lent RMB 18 million (approximately $2,931,119) to Shaan’xi Hushi Culture Communication Company (SHCC), a company owned by a business friend of Dean Li, the President and Chief Executive Officer of the Company. Based on the agreement, the Company will waive interest on the loan if SHCC repays the loan within 30 days; the Company will charge interest rate at 200% of the prevailing PRC prime rate if SHCC repays the loan after 30 days. In July 2014, the Company received repayment of RMB 11 million (approximately $1,786,410). On January 8, 2015, the Company received interest of RMB 455,000 (approximately $74,165) on the loan. The outstanding balance was RMB 7 million (approximately $1,015,891) as of March 31, 2017 and an allowance of RMB 3.5 million (approximately $507,946) was reserved by the Company against the note receivable.


On July 1, 2014, the Company lent an additional RMB 3 million (approximately $487,203) to SHCC with three months term. Based on the agreement, the Company will waive interest on the loan if SHCC repays the loan within 30 days; the Company will charge interest rate at four times of the current bank loan rate if SHCC repays the loan after 30 days. On January 19, 2015, the Company received interest of RMB 360,000 (approximately $58,694) on the loan. In September 2016, the Company received repayment of RMB 100,000 (approximately $15,002) from SHCC. An allowance of RMB 1.5 million (approximately $217,691) was reserved by the Company against the note receivable as of March 31, 2017.


On November 30, 2012, the Company entered into an agreement with Zhongshi Fengde to co-purchase copyrights of two TV series with the Company’s total investment at RMB 18 million (approximately $2.86 million at the time of investment). On January 28, 2015, both parties agreed to transfer the Company’s payment in these two TV series to a short-term loan to Zhongshi Fengde as the copyrights purchase was not successfully completed. As a result, film costs of approximately $2.8 million were reclassified to notes receivable. In September 2016, the Company received repayment of RMB 100,000 (approximately $15,002) from Zhongshi Fengde. As of March 31, 2017, the Company reserved RMB 9 million (approximately $1,306,146) against the notes receivable.




8




Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations


Forward Looking Statements


This quarterly report on Form 10-Q contains forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including "could", "may", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential" and the negative of these terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially.


While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report.


Results of Operations


Comparison of the nine months ended March 31, 2017 and 2016:


 

 

 

 

 

 

   

For Nine Months Ended

March 31,

  

2017

 

2016

  

 

 

 

Revenues

$

-

 

$

-

Cost of revenues

 

-

 

 

-

Gross profit

 

-

 

 

-

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

Selling, general and administrative

 

176,692

 

 

165,435

Depreciation and amortization expenses

 

1,181

 

 

1,467

Total operating expenses

 

177,873

 

 

166,902

 

 

 

 

 

 

Other income (expenses):

 

 

 

 

 

      Interest income

 

-

 

 

61,062

      Interest expense

 

(11,959)

 

 

(13,081)

      Other income

 

4,313

 

 

-

           Total other income (expenses)

 

(185,519)

 

 

47,981

 

 

 

 

 

 

Net loss before income taxes

 

(185,519)

 

 

(118,921)

Income taxes

 

        -

 

 

        -

Net loss

$

(185,519)

 

$

(118,921)



Revenue and Cost


We had no sales and cost for the nine months ended March 31, 2017 and 2016.

 

Operating expenses


During the nine months ended March 31, 2017, our total operating expenses were $177,873, an increase of $10,971 as compared to $166,902 for the nine months ended March 31, 2016. The main increase was relevant to increase in payroll expenses.


Net loss




9




Our net loss increased by $66,598 or 56% for the nine months ended March 31, 2017 as compared to the same period of 2016. This increase was mainly the result of decrease in interest income of notes receivable.


Comparison of the three months ended March 31, 2017 and 2016:


 

 

 

 

 

 

   

For Three Months Ended

March 31,

  

2017

 

2016

  

 

 

 

Revenues

$

-

 

$

-

Cost of revenues

 

-

 

 

-

Gross profit

 

-

 

 

-

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

Selling, general and administrative

 

36,343

 

 

31,882

Depreciation and amortization expenses

 

379

 

 

411

Total operating expenses

 

36,722

 

 

32,293

 

 

 

 

 

 

Other expenses

 

 

 

 

 

      Interest expense

 

(3,785)

 

 

(2,677)

           Total other expenses

 

(40,507)

 

 

(34,970)

 

 

 

 

 

 

Net loss before income taxes

 

(40,507)

 

 

(34,970)

Income taxes

 

        -

 

 

        -

Net loss

$

(40,507)

 

$

(34,970)



Revenue and Cost


We had no sales and cost for the three months ended March 31, 2017 and 2016.

 

Operating expenses


During the three months ended March 31, 2017, our total operating expenses were $36,722, a slight increase of $4,429 as compared to $32,293 for the three months ended March 31, 2016.The main increase was due to increase in payroll expenses.


Net loss


Our net loss increased by $5,537 or 16% for the three months ended March 31, 2017 as compared to the same period of 2016. This increase was mainly the result of the increase in payroll expenses.




10




Liquidity and Capital Resources


The following table sets forth a summary of our cash flows for the periods indicated:


 

 

 

 

 

 

 

 

 

  

 

For the Nine Months Ended

 

  

 

March 31,

 

  

 

2017

 

 

2016

 

  

 

 

 

 

 

 

Net cash provided by (used in) operating activities

 

$

(149,956)

 

 

 $

745,547

 

Net cash provided by investing activities

 

 

30,004

 

 

 

-

 

Net cash provided by (used in) financing activities

 

 

93,628

 

 

 

(741,930)

 

Effect of exchange rate changes on cash

 

 

(2,180)

 

 

 

(22,047)

 

NET CHANGE IN CASH

 

 

(28,504)

 

 

 

(18,430)

 

CASH AT BEGINNING OF PERIOD

 

 

37,190

 

 

 

75,612

 

CASH AT END OF PERIOD

 

$

8,686

 

 

$

57,182

 


As of March 31, 2017 we had cash of $8,686 in our bank accounts and a working capital surplus of $2,112,881.


For the nine months ended March 31, 2017, we used net cash of $149,956 in operating activities, compared to net cash received of 745,547 in operating activities during the same period of 2016. The net cash provided by operating activities decrease of $895,503 was mainly due to the decrease in cash received from film costs.


During the nine months ended March 31, 2017, we received net cash of $30,004 from investing activities, which was from collection of notes receivable.


During the nine months ended March 31, 2017, we received net cash of $93,628 from financing activities, compared to net cash used of $741,930 in financing activities during the same period in fiscal 2016. The increase in net cash provided by financing activities was mainly due to the fact that there were no repayments of short-term loan to a related party, rather the Company received advances from a related party during the period.


Our cash level decreased by $28,504 during the nine months ended March 31, 2017, compared to a decrease of $18,430 in the same period of 2016. The changes in cash were results of the factors described above.


We anticipate that we will meet our ongoing cash requirements by retaining income as well as through equity or debt financing. We plan to cooperate with various individuals and institutions to acquire the financing required to produce and distribute our products and anticipate this will continue until we accrue sufficient capital reserves to finance all of our productions independently.


We intend to meet our cash requirements for the next 12 months through retaining income generated from daily operations and partnerships with finance groups on television and movie projects.


Critical Accounting Policies and Estimates


Please refer to “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our 2016 10-K for disclosures regarding our critical accounting policies and estimates. The interim financial statements follow the same accounting policies and methods of computations as those for the year ended June 30, 2016.


Off-Balance Sheet Arrangements


We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.


Inflation


The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.


Audit Committee


The functions of the audit committee are currently carried out by our Board of Directors, who has determined that we do not have an audit committee financial expert on our Board of Directors to carry out the duties of the audit committee. The Board of Directors has determined that the cost of hiring a financial expert to act as a director and to be a member of the audit committee or otherwise perform audit committee functions outweighs the benefits of having a financial expert on the audit committee.




12




Item 3.  Quantitative and Qualitative Disclosures About Market Risk


Not applicable.



Item 4.  Controls and Procedures


Evaluation of Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2017. Based on the evaluation of these disclosure controls and procedures, the Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective.


Changes in Internal Control


Except as discussed above, there were no significant changes in our internal control over financial reporting (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Exchange Act) that occurred during the quarterly period that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.


 



13




PART II - OTHER INFORMATION

 

 Item 1.  Legal Proceedings

 

We are not aware of any legal proceedings to which we are a party or of which our property is the subject. None of our directors, officers, affiliates, any owner of record or beneficially of more than 5% of our voting securities, or any associate of any such director, officer, affiliate or security holder are (i) a party adverse to us in any legal proceedings, or (ii) have a material interest adverse to us in any legal proceedings. We are not aware of any other legal proceedings that have been threatened against us.

 

Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds

 

None.

 

Item 3.  Defaults Upon Senior Securities

 

None.

 

Item 4.  Submission of Matters to a Vote of Security Holders

 

None.

 

Item 5.  Other Information

 

None.

 



14




Item 6.  Exhibits


Exhibit Number

Exhibit Description

31.1

Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

31.2

Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

 

32.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

32.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

 

 

 

 SIGNATURES

 

Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

China Media Inc.

 

(Registrant)

 

 

 

/s/ Dean Li

Date: May 15, 2017

Dean Li

 

President, Chief Executive Officer

 

(Principal Executive Officer)

 

 

 















15



EX-31 2 exhibit311.htm EXHIBIT 31 Exhibit 31

Exhibit 31.1

 

Certification Of The Chief Executive Officer Pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, Dean Li, certify that:

 

1. 

I have reviewed this Amended Quarterly Report on Form 10-Q/A of China Media Inc.;

 

2. 

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. 

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. 

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a. 

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b. 

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c. 

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d. 

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5. 

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

a. 

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 

b. 

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

6. 

The registrant's other certifying officer(s) and I have indicated in this report whether or not there were significant changes in internal controls or on other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Dated:  May 15, 2017

 

By:          /s/ Dean Li  

Dean Li

President, Chief Executive Officer




EX-31 3 exhibit312.htm EXHIBIT 31 Exhibit 31

Exhibit 31.2

 

Certification Of The Chief Financial Officer Pursuant to Rule 13a-14 or 15d-14 of the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

I, Ruijuan Hou, certify that:

 

1. 

I have reviewed this amended Quarterly Report on Form 10-Q/A of China Media Inc.;

 

2. 

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. 

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. 

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

a. 

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

b. 

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

c. 

Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

d. 

Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

 

5. 

The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

 

a. 

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

 

b. 

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

 

6. 

The registrant's other certifying officer(s) and I have indicated in this report whether or not there were significant changes in internal controls or on other factors that could significantly affect internal controls subsequent to the date of our most recent evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

Dated:  May 15, 2017


By:          /s/Ruijuan Hou   

Ruijian Hou

Chief Financial Officer, Principal Accounting Officer

 




EX-32 4 exhibit321.htm EXHIBIT 32 Exhibit 32

Exhibit 32.1


Certification Pursuant to 18 U.S.C. 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


In connection with the amended Quarterly Report of China Media Inc. (the “Company”) on Form 10-Q/A for the period ended March 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Dean Li, Chief Executive Officer of the Company certify, pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


1.     The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

       

2.     The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Dated:  May 15, 2017

 

By:          /s/Dean Li   

Dean Li

President, Chief Executive Officer




EX-32 5 exhibit322.htm EXHIBIT 32 Exhibit 32

Exhibit 32.2


Certification Pursuant to 18 U.S.C. 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002


In connection with the amended Quarterly Report of China Media Inc. (the “Company”) on Form 10-Q/A for the period ended March 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Ruijuan Hou, Chief Financial Officer of the Company certify, pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:


1.     The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

       

2.     The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Dated:  May 15, 2017

 

By:          /s/Ruijuan Hou 

Ruijuan Hou

Chief Financial Officer, Principal Accounting Officer




EX-101.INS 6 chnd-20170331.xml XBRL INSTANCE DOCUMENT 0001434674 2016-07-01 2017-03-31 0001434674 2017-05-11 0001434674 2017-03-31 0001434674 2016-06-30 0001434674 2015-07-01 2016-03-31 0001434674 us-gaap:GeneralPartnerMember chnd:ZhongshiFengdeMember 2013-03-20 0001434674 us-gaap:GeneralPartnerMember chnd:ZhongshiFengdeMember 2017-03-31 0001434674 2016-03-31 0001434674 2015-06-30 0001434674 2017-01-01 2017-03-31 0001434674 2016-01-01 2016-03-31 0001434674 us-gaap:GeneralPartnerMember chnd:ZhongshiFengdeMember 2014-07-01 2015-06-30 0001434674 us-gaap:GeneralPartnerMember chnd:ZhongshiFengdeMember 2015-07-01 2016-06-30 0001434674 us-gaap:GeneralPartnerMember chnd:ShaanxiHushiCultureCommunicationCompanyMember 2014-06-13 0001434674 us-gaap:GeneralPartnerMember chnd:ShaanxiHushiCultureCommunicationCompanyMember 2017-03-31 0001434674 us-gaap:GeneralPartnerMember chnd:ShaanxiHushiCultureCommunicationCompanyMember 2014-07-01 2014-07-31 0001434674 us-gaap:GeneralPartnerMember chnd:ShaanxiHushiCultureCommunicationCompanyMember 2015-01-07 2015-01-08 0001434674 us-gaap:GeneralPartnerMember chnd:ShaanxiHushiCultureCommunicationCompanyMember 2014-07-02 0001434674 us-gaap:GeneralPartnerMember chnd:ShaanxiHushiCultureCommunicationCompanyMember 2015-01-18 2015-01-19 0001434674 us-gaap:GeneralPartnerMember chnd:ShaanxiHushiCultureCommunicationCompanyMember 2016-09-01 2016-09-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares China Media Inc. 0001434674 10-Q 2017-03-31 false --06-30 No No Yes Smaller Reporting Company Q3 2017 39750000 8686 37190 57182 75612 583412 605112 2032980 2138702 2774651 2936024 16326 18142 725637 752627 4242251 4459420 8902 9122 298427 286437 354441 272501 661770 568060 661770 568060 398 398 11269722 11257801 537710 674991 -8227349 -8041830 3580481 3891360 4242251 4459420 618794 641810 0.00001 0.00001 180000000 180000000 39750000 39750000 39750000 39750000 177873 166902 36722 32293 1181 1467 379 411 176692 165435 36343 31882 11959 13081 3785 2677 61062 -185519 -118921 -40507 -34970 -185519 -118921 -40507 -34970 -185519 -118921 -40507 -34970 -137281 -414930 27317 45483 -322800 -533851 -13190 10513 39750000 39750000 39750000 39750000 0.00 0.00 0.00 0.00 1181 1467 11921 13081 -149956 745547 1598772 22575 38307 -114 -787159 30004 86305 1786410 15002 30004 93628 -741930 -2180 -22047 -28504 -18430 155000 2931119 487203 30223 1015891 799386 149573 155020 725637 752627 93628 57456 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 1.Description of Business</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">China Media Inc. (&#8220;we&#8221;, &#8220;our&#8221;, the &#8220;Company&#8221;, &#8220;China Media&#8221;), formerly Protecwerx Inc., was incorporated in the State of Nevada on October 16, 2007.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not conduct any substantive operations of its own; rather, it conducts its primary business operations through Vallant Pictures Entertainment Co., Ltd., its wholly owned subsidiary incorporated under the laws of the British Virgin Islands, which in turn, conducts its business through Xi&#8217;an TV Media Co. Ltd. (&#8220;Xi&#8217;An TV&#8221;). Effective control over Xi&#8217;An TV was transferred to the Company through the series of contractual arrangements without transferring legal ownership in Xi&#8217;An TV. As a result of these contractual arrangements, the Company maintained the ability to approve decisions made by Xi&#8217;An TV and was entitled to substantially all of the economic benefits of Xi&#8217;An TV.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Xi&#8217;An TV was incorporated in Xi&#8217;An, Shaan&#8217;xi Province, People&#8217;s Republic of China (&#8220;PRC&#8221;) and is in the business of investing, producing and developing film and television programming for the Chinese market.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 2. Summary of Significant Accounting Policies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>&#160;</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Presentation and Consolidation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited interim consolidated financial statements of China Media Inc. have been prepared in accordance with United States generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company&#8217;s annual financial statements for the year ended June 30, 2016. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the year ended June 30, 2016 have been omitted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes, including estimates of ultimate revenues and ultimate costs of film and television products, the amount of receivables that ultimately will be collected, the potential outcome of future tax consequences of events that have been recognized in the Company&#8217;s financial statements and loss contingencies. Actual results could differ from those estimates. To the extent that there are material differences between these estimates and actual results, the Company&#8217;s financial condition or results of operations will be affected. Estimates are made based on past experience and other assumptions that management believes are reasonable under the circumstances, and management evaluates these estimates on an ongoing basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Recent Accounting Pronouncements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In January 2017, the FASB issued ASU 2017-03, <i>&#8220;Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)&#8221;.</i> This pronouncement amends the SEC&#8217;s reporting requirements for public filers in regard to new accounting pronouncements or existing pronouncements that have not yet been adopted. Companies are to provide qualitative disclosures if they have not yet implemented an accounting standards update. Companies should disclose if they are unable to estimate the impact of a specific pronouncement, and provide disclosures including a description of the effect on accounting policies that the registrant expects to apply. These provisions apply to all pronouncements that have not yet been implemented by registrants. There are additional provisions that relate to corrections to several other prior FASB pronouncements. The Company has incorporated language into other recently issued accounting pronouncement notes, where relevant for the corrections in FASB ASU 2017-03. The Company is implementing the updated SEC requirements on not yet adopted accounting pronouncements with these consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>NOTE 3. Related Party Transactions </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">From time to time, the Company borrowed loans from Dean Li, the President and Chief Executive Officer of the Company. &#160;As of March 31, 2017 and June 30, 2016, the Company owed Dean Li $354,441 and $272,501, respectively. The loans borrowed from Mr. Dean Li are non-secured, free of interest with no specified maturity date. The imputed interests are assessed as an expense to the business operation and an addition to the paid-in-capital and calculated based on annual interest rate in the range of 4.67%-6.56% with reference to one-year loan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2015, the Company entered into an agreement to invest RMB 5 million (approximately $752,627) in a film that is produced by Beijing Huaxia Star Media Co., Ltd. and the payment was made in August 2015. As of March 31, 2017, the film wasstill in preparation stage. Dean Li, the President and Chief Executive Officer of the Company, holds 13% equity interest in Beijing Huaxia Star Media Co., Ltd.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><b>NOTE 4. Notes Receivable, Net</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 20, 2013, the Company lent RMB 946,500 (approximately $155,000) in the form of an interest free loan to China Fengde Movie and TV Copyright Agency (&#8220;ZhongshiFengde&#8221;), one of the Company&#8217;s business partners. The Company collected RMB 530,000 (approximately $86,305) as of June 30, 2015. No repayment was collected during the year ended June 30, 2016. As of March 31, 2017, an allowance of RMB 208,250 (approximately $30,223) was reserved by the Company against the note receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 13, 2014, the Company lent RMB 18 million (approximately $2,931,119) to Shaan&#8217;xiHushi Culture Communication Company (SHCC), a company owned by a business friend of Dean Li, the President and Chief Executive Officer of the Company. Based on the agreement, the Company will waive interest on the loan if SHCC repays the loan within 30 days; the Company will charge interest rate at 200% of the prevailing PRC prime rate if SHCC repays the loan after 30 days. In July 2014, the Company received repayment of RMB 11 million (approximately $1,786,410). On January 8, 2015, the Company received interest of RMB 455,000 (approximately $74,165) on the loan. The outstanding balance was RMB 7 million (approximately $1,015,891) as of March 31, 2017 and an allowance of RMB 3.5 million (approximately $507,946) was reserved by the Company against the note receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On July 1, 2014, the Company lent an additional RMB 3 million (approximately $487,203) to SHCC with three months term. Based on the agreement, the Company will waive interest on the loan if SHCC repays the loan within 30 days; the Company will charge interest rate at four times of the current bank loan rate if SHCC repays the loan after 30 days. On January 19, 2015, the Company received interest of RMB 360,000 (approximately $58,694) on the loan. In September 2016, the Company received repayment of RMB 100,000 (approximately $15,002) from SHCC. An allowance of RMB 1.5 million (approximately $217,691) was reserved by the Company against the note receivable as of March 31, 2017.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 30, 2012, the Company entered into an agreement with ZhongshiFengde to co-purchase copyrights of two TV series with the Company&#8217;s total investment at RMB 18 million (approximately $2.86 million at the time of investment). On January 28, 2015, both parties agreed to transfer the Company&#8217;s payment in these two TV series to a short-term loan to ZhongshiFengde as the copyrights purchase was not successfully completed. As a result, film costs of approximately $2.8 million were reclassified to notes receivable. In September 2016, the Company received repayment of RMB 100,000 (approximately $15,002) from ZhongshiFengde. As of March 31, 2017, the Company reserved RMB 9 million (approximately $1,306,146) against the notes receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Basis of Presentation and Consolidation</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying unaudited interim consolidated financial statements of China Media Inc. have been prepared in accordance with United States generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company&#8217;s annual financial statements for the year ended June 30, 2016. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the year ended June 30, 2016 have been omitted.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Use of Estimates</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes, including estimates of ultimate revenues and ultimate costs of film and television products, the amount of receivables that ultimately will be collected, the potential outcome of future tax consequences of events that have been recognized in the Company&#8217;s financial statements and loss contingencies. Actual results could differ from those estimates. To the extent that there are material differences between these estimates and actual results, the Company&#8217;s financial condition or results of operations will be affected. Estimates are made based on past experience and other assumptions that management believes are reasonable under the circumstances, and management evaluates these estimates on an ongoing basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Recent Accounting Pronouncements</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In January 2017, the FASB issued ASU 2017-03, <i>&#8220;Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)&#8221;.</i> This pronouncement amends the SEC&#8217;s reporting requirements for public filers in regard to new accounting pronouncements or existing pronouncements that have not yet been adopted. Companies are to provide qualitative disclosures if they have not yet implemented an accounting standards update. Companies should disclose if they are unable to estimate the impact of a specific pronouncement, and provide disclosures including a description of the effect on accounting policies that the registrant expects to apply. These provisions apply to all pronouncements that have not yet been implemented by registrants. There are additional provisions that relate to corrections to several other prior FASB pronouncements. The Company has incorporated language into other recently issued accounting pronouncement notes, where relevant for the corrections in FASB ASU 2017-03. The Company is implementing the updated SEC requirements on not yet adopted accounting pronouncements with these consolidated financial statements.</p> 2062006 2138702 507946 4313 74165 58694 EX-101.CAL 7 chnd-20170331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT EX-101.DEF 8 chnd-20170331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 9 chnd-20170331_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT Business Partner [Member] Related Party [Axis] Zhongshi Fengde [Member] Receivable Type [Axis] Shaan'xiHushi Culture Communication Company [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Is Entity a Well-known Seasoned Issuer? Is Entity a Voluntary Filer? Is Entity's Reporting Status Current? Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] Assets Current assets Cash and cash equivalents Accounts receivable, net of allowance of $618,794 and $641,810 at March 31, 2017 and June 30, 2016, respectively Notes receivable, net of allowance of $2,062,006 and $2,138,702 at March 31, 2017 and June 30, 2016, respectively Prepaid and other receivable Total current assets Fixed assets, net Film costs Prepaid and other assets Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable Accrued liabilities and other payable Due to related parties Total current liabilities Total liabilities Stockholders' equity Common stock, $0.00001 par value, 180,000,000 shares authorized; 39,750,000 shares issued and outstanding at March 31, 2017 and June 30, 2016 Additional paid-in capital Accumulated other comprehensive income Accumulated deficit Total stockholders' equity Total liabilities and stockholders' equity Allowance for doubtful accounts Allowance for notes receivable Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Revenues Cost of revenues Gross profit Selling, general and administrative Depreciation and amortization expense Total operating expenses Other income (expense) Interest income Interest expense Other income Net income (loss) before income taxes Income taxes Net income (loss) Comprehensive loss Net income (loss) Foreign currency translation loss Comprehensive income (loss) Net income (loss) per common share, basic and diluted Weighted average number of shares outstanding-basic and diluted Statement of Cash Flows [Abstract] CASH FLOWS OPERATING ACTIVITIES Net income (loss) Adjustments to reconcile net income to net cash provided by (used in) operating activities: Imputed interest Depreciation expense Changes in operating assets and liabilities: Prepaid and other receivable Accrued liabilities and other payable Net change in film costs Net cash provided by (used in) operating activities CASH FLOW INVESTING ACTIVITIES Collection of notes receivable Net cash provided by investing activities CASH FLOW FINANCING ACTIVITIES Proceeds from related parties Repayments to related parties Net cash used in financing activities Effect of exchange rate changes on cash NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR CASH AND CASH EQUIVALENTS AT END OF THE YEAR SUPPLEMENTAL INFORMATION: Interest paid Income taxes paid Description Of Business Description of Business Summary Of Significant Accounting Policies Summary of Significant Accounting Policies Related Party Transactions Related Party Transactions Notes Receivable Notes Receivable Summary Of Significant Accounting Policies Policies Basis of Presentation and Consolidation Use of Estimates Recent Accounting Pronouncements Statement [Table] Statement [Line Items] Amount lent Notes collected during the period Interest received on notes receivable Notes Receivable Zhongshi Fengde Member Shaan'xiHushi Culture Communication Company Assets, Current Assets [Default Label] Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Interest Expense Income (Loss) from Continuing Operations before Interest Expense, Interest Income, Income Taxes, Noncontrolling Interests, Net Net Income (Loss), Including Portion Attributable to Noncontrolling Interest Comprehensive Income (Loss), Net of Tax, Attributable to Parent Increase (Decrease) in Prepaid Expense and Other Assets Increase (Decrease) in Other Accounts Payable and Accrued Liabilities Net Cash Provided by (Used in) Investing Activities Repayments of Related Party Debt Net Cash Provided by (Used in) Financing Activities Related Party Transactions Disclosure [Text Block] Loans, Notes, Trade and Other Receivables Disclosure [Text Block] Notes Receivable, Related Parties EX-101.PRE 10 chnd-20170331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.SCH 11 chnd-20170331.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consoldiated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consoldiated Balance Sheets (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations and Comprehensive Income (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consoldiated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000006 - Disclosure - Description of Business link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Related Party Transactions link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Notes Receivable link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Notes Receivable (Details) link:presentationLink link:calculationLink link:definitionLink XML 12 R1.htm IDEA: XBRL DOCUMENT v3.7.0.1
Document and Entity Information - shares
9 Months Ended
Mar. 31, 2017
May 11, 2017
Document And Entity Information    
Entity Registrant Name China Media Inc.  
Entity Central Index Key 0001434674  
Document Type 10-Q  
Document Period End Date Mar. 31, 2017  
Amendment Flag false  
Current Fiscal Year End Date --06-30  
Is Entity a Well-known Seasoned Issuer? No  
Is Entity a Voluntary Filer? No  
Is Entity's Reporting Status Current? Yes  
Entity Filer Category Smaller Reporting Company  
Entity Common Stock, Shares Outstanding   39,750,000
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2017  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consoldiated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Current assets    
Cash and cash equivalents $ 8,686 $ 37,190
Accounts receivable, net of allowance of $618,794 and $641,810 at March 31, 2017 and June 30, 2016, respectively 583,412 605,112
Notes receivable, net of allowance of $2,062,006 and $2,138,702 at March 31, 2017 and June 30, 2016, respectively 2,032,980 2,138,702
Prepaid and other receivable 149,573 155,020
Total current assets 2,774,651 2,936,024
Fixed assets, net 16,326 18,142
Film costs 725,637 752,627
Prepaid and other assets 725,637 752,627
Total assets 4,242,251 4,459,420
Current liabilities    
Accounts payable 8,902 9,122
Accrued liabilities and other payable 298,427 286,437
Due to related parties 354,441 272,501
Total current liabilities 661,770 568,060
Total liabilities 661,770 568,060
Stockholders' equity    
Common stock, $0.00001 par value, 180,000,000 shares authorized; 39,750,000 shares issued and outstanding at March 31, 2017 and June 30, 2016 398 398
Additional paid-in capital 11,269,722 11,257,801
Accumulated other comprehensive income 537,710 674,991
Accumulated deficit (8,227,349) (8,041,830)
Total stockholders' equity 3,580,481 3,891,360
Total liabilities and stockholders' equity $ 4,242,251 $ 4,459,420
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consoldiated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
Mar. 31, 2017
Jun. 30, 2016
Statement of Financial Position [Abstract]    
Allowance for doubtful accounts $ 618,794 $ 641,810
Allowance for notes receivable $ 2,062,006 $ 2,138,702
Common stock, par value $ 0.00001 $ 0.00001
Common stock, shares authorized 180,000,000 180,000,000
Common stock, shares issued 39,750,000 39,750,000
Common stock, shares outstanding 39,750,000 39,750,000
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Revenues
Cost of revenues
Gross profit
Selling, general and administrative 36,343 31,882 176,692 165,435
Depreciation and amortization expense 379 411 1,181 1,467
Total operating expenses 36,722 32,293 177,873 166,902
Other income (expense)        
Interest income 61,062
Interest expense (3,785) (2,677) (11,959) (13,081)
Other income 4,313
Net income (loss) before income taxes (40,507) (34,970) (185,519) (118,921)
Income taxes
Net income (loss) (40,507) (34,970) (185,519) (118,921)
Net income (loss) (40,507) (34,970) (185,519) (118,921)
Foreign currency translation loss 27,317 45,483 (137,281) (414,930)
Comprehensive income (loss) $ (13,190) $ 10,513 $ (322,800) $ (533,851)
Net income (loss) per common share, basic and diluted $ 0.00 $ 0.00 $ 0.00 $ 0.00
Weighted average number of shares outstanding-basic and diluted 39,750,000 39,750,000 39,750,000 39,750,000
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consoldiated Statements of Cash Flows - USD ($)
9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS OPERATING ACTIVITIES    
Net income (loss) $ (185,519) $ (118,921)
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Imputed interest 11,921 13,081
Depreciation expense 1,181 1,467
Changes in operating assets and liabilities:    
Prepaid and other receivable (114) (787,159)
Accrued liabilities and other payable 22,575 38,307
Net change in film costs 1,598,772
Net cash provided by (used in) operating activities (149,956) 745,547
CASH FLOW INVESTING ACTIVITIES    
Collection of notes receivable 30,004
Net cash provided by investing activities 30,004
CASH FLOW FINANCING ACTIVITIES    
Proceeds from related parties 93,628 57,456
Repayments to related parties (799,386)
Net cash used in financing activities 93,628 (741,930)
Effect of exchange rate changes on cash (2,180) (22,047)
NET CHANGE IN CASH AND CASH EQUIVALENTS (28,504) (18,430)
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR 37,190 75,612
CASH AND CASH EQUIVALENTS AT END OF THE YEAR 8,686 57,182
SUPPLEMENTAL INFORMATION:    
Interest paid
Income taxes paid
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Description of Business
9 Months Ended
Mar. 31, 2017
Description Of Business  
Description of Business

NOTE 1.Description of Business

 

China Media Inc. (“we”, “our”, the “Company”, “China Media”), formerly Protecwerx Inc., was incorporated in the State of Nevada on October 16, 2007.

 

The Company does not conduct any substantive operations of its own; rather, it conducts its primary business operations through Vallant Pictures Entertainment Co., Ltd., its wholly owned subsidiary incorporated under the laws of the British Virgin Islands, which in turn, conducts its business through Xi’an TV Media Co. Ltd. (“Xi’An TV”). Effective control over Xi’An TV was transferred to the Company through the series of contractual arrangements without transferring legal ownership in Xi’An TV. As a result of these contractual arrangements, the Company maintained the ability to approve decisions made by Xi’An TV and was entitled to substantially all of the economic benefits of Xi’An TV.

 

Xi’An TV was incorporated in Xi’An, Shaan’xi Province, People’s Republic of China (“PRC”) and is in the business of investing, producing and developing film and television programming for the Chinese market.

XML 18 R7.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies
9 Months Ended
Mar. 31, 2017
Summary Of Significant Accounting Policies  
Summary of Significant Accounting Policies

NOTE 2. Summary of Significant Accounting Policies

 

Basis of Presentation and Consolidation

 

The accompanying unaudited interim consolidated financial statements of China Media Inc. have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual financial statements for the year ended June 30, 2016. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the year ended June 30, 2016 have been omitted.

 

Use of Estimates

 

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes, including estimates of ultimate revenues and ultimate costs of film and television products, the amount of receivables that ultimately will be collected, the potential outcome of future tax consequences of events that have been recognized in the Company’s financial statements and loss contingencies. Actual results could differ from those estimates. To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or results of operations will be affected. Estimates are made based on past experience and other assumptions that management believes are reasonable under the circumstances, and management evaluates these estimates on an ongoing basis.

 

Recent Accounting Pronouncements

 

In January 2017, the FASB issued ASU 2017-03, “Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)”. This pronouncement amends the SEC’s reporting requirements for public filers in regard to new accounting pronouncements or existing pronouncements that have not yet been adopted. Companies are to provide qualitative disclosures if they have not yet implemented an accounting standards update. Companies should disclose if they are unable to estimate the impact of a specific pronouncement, and provide disclosures including a description of the effect on accounting policies that the registrant expects to apply. These provisions apply to all pronouncements that have not yet been implemented by registrants. There are additional provisions that relate to corrections to several other prior FASB pronouncements. The Company has incorporated language into other recently issued accounting pronouncement notes, where relevant for the corrections in FASB ASU 2017-03. The Company is implementing the updated SEC requirements on not yet adopted accounting pronouncements with these consolidated financial statements.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions
9 Months Ended
Mar. 31, 2017
Related Party Transactions  
Related Party Transactions

NOTE 3. Related Party Transactions

 

From time to time, the Company borrowed loans from Dean Li, the President and Chief Executive Officer of the Company.  As of March 31, 2017 and June 30, 2016, the Company owed Dean Li $354,441 and $272,501, respectively. The loans borrowed from Mr. Dean Li are non-secured, free of interest with no specified maturity date. The imputed interests are assessed as an expense to the business operation and an addition to the paid-in-capital and calculated based on annual interest rate in the range of 4.67%-6.56% with reference to one-year loan.

 

In July 2015, the Company entered into an agreement to invest RMB 5 million (approximately $752,627) in a film that is produced by Beijing Huaxia Star Media Co., Ltd. and the payment was made in August 2015. As of March 31, 2017, the film wasstill in preparation stage. Dean Li, the President and Chief Executive Officer of the Company, holds 13% equity interest in Beijing Huaxia Star Media Co., Ltd.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
Notes Receivable
9 Months Ended
Mar. 31, 2017
Notes Receivable  
Notes Receivable

NOTE 4. Notes Receivable, Net

 

On March 20, 2013, the Company lent RMB 946,500 (approximately $155,000) in the form of an interest free loan to China Fengde Movie and TV Copyright Agency (“ZhongshiFengde”), one of the Company’s business partners. The Company collected RMB 530,000 (approximately $86,305) as of June 30, 2015. No repayment was collected during the year ended June 30, 2016. As of March 31, 2017, an allowance of RMB 208,250 (approximately $30,223) was reserved by the Company against the note receivable.

 

On June 13, 2014, the Company lent RMB 18 million (approximately $2,931,119) to Shaan’xiHushi Culture Communication Company (SHCC), a company owned by a business friend of Dean Li, the President and Chief Executive Officer of the Company. Based on the agreement, the Company will waive interest on the loan if SHCC repays the loan within 30 days; the Company will charge interest rate at 200% of the prevailing PRC prime rate if SHCC repays the loan after 30 days. In July 2014, the Company received repayment of RMB 11 million (approximately $1,786,410). On January 8, 2015, the Company received interest of RMB 455,000 (approximately $74,165) on the loan. The outstanding balance was RMB 7 million (approximately $1,015,891) as of March 31, 2017 and an allowance of RMB 3.5 million (approximately $507,946) was reserved by the Company against the note receivable.

 

On July 1, 2014, the Company lent an additional RMB 3 million (approximately $487,203) to SHCC with three months term. Based on the agreement, the Company will waive interest on the loan if SHCC repays the loan within 30 days; the Company will charge interest rate at four times of the current bank loan rate if SHCC repays the loan after 30 days. On January 19, 2015, the Company received interest of RMB 360,000 (approximately $58,694) on the loan. In September 2016, the Company received repayment of RMB 100,000 (approximately $15,002) from SHCC. An allowance of RMB 1.5 million (approximately $217,691) was reserved by the Company against the note receivable as of March 31, 2017.

 

On November 30, 2012, the Company entered into an agreement with ZhongshiFengde to co-purchase copyrights of two TV series with the Company’s total investment at RMB 18 million (approximately $2.86 million at the time of investment). On January 28, 2015, both parties agreed to transfer the Company’s payment in these two TV series to a short-term loan to ZhongshiFengde as the copyrights purchase was not successfully completed. As a result, film costs of approximately $2.8 million were reclassified to notes receivable. In September 2016, the Company received repayment of RMB 100,000 (approximately $15,002) from ZhongshiFengde. As of March 31, 2017, the Company reserved RMB 9 million (approximately $1,306,146) against the notes receivable.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies (Policies)
9 Months Ended
Mar. 31, 2017
Summary Of Significant Accounting Policies Policies  
Basis of Presentation and Consolidation

Basis of Presentation and Consolidation

 

The accompanying unaudited interim consolidated financial statements of China Media Inc. have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s annual financial statements for the year ended June 30, 2016. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the consolidated financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the year ended June 30, 2016 have been omitted.

Use of Estimates

Use of Estimates

 

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes, including estimates of ultimate revenues and ultimate costs of film and television products, the amount of receivables that ultimately will be collected, the potential outcome of future tax consequences of events that have been recognized in the Company’s financial statements and loss contingencies. Actual results could differ from those estimates. To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or results of operations will be affected. Estimates are made based on past experience and other assumptions that management believes are reasonable under the circumstances, and management evaluates these estimates on an ongoing basis.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

 

In January 2017, the FASB issued ASU 2017-03, “Accounting Changes and Error Corrections (Topic 250) and Investments - Equity Method and Joint Ventures (Topic 323)”. This pronouncement amends the SEC’s reporting requirements for public filers in regard to new accounting pronouncements or existing pronouncements that have not yet been adopted. Companies are to provide qualitative disclosures if they have not yet implemented an accounting standards update. Companies should disclose if they are unable to estimate the impact of a specific pronouncement, and provide disclosures including a description of the effect on accounting policies that the registrant expects to apply. These provisions apply to all pronouncements that have not yet been implemented by registrants. There are additional provisions that relate to corrections to several other prior FASB pronouncements. The Company has incorporated language into other recently issued accounting pronouncement notes, where relevant for the corrections in FASB ASU 2017-03. The Company is implementing the updated SEC requirements on not yet adopted accounting pronouncements with these consolidated financial statements.

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.7.0.1
Notes Receivable (Details) - USD ($)
1 Months Ended 9 Months Ended 12 Months Ended
Jan. 19, 2015
Jan. 08, 2015
Sep. 30, 2016
Jul. 31, 2014
Mar. 31, 2017
Mar. 31, 2016
Jun. 30, 2016
Jun. 30, 2015
Jul. 02, 2014
Jun. 13, 2014
Mar. 20, 2013
Notes collected during the period         $ 30,004          
Allowance for notes receivable         2,062,006   $ 2,138,702        
Business Partner [Member] | Zhongshi Fengde [Member]                      
Amount lent                     $ 155,000
Notes collected during the period             $ 86,305      
Notes Receivable         30,223            
Business Partner [Member] | Shaan'xiHushi Culture Communication Company [Member]                      
Amount lent                 $ 487,203 $ 2,931,119  
Notes collected during the period     $ 15,002 $ 1,786,410              
Interest received on notes receivable $ 58,694 $ 74,165                  
Notes Receivable         1,015,891            
Allowance for notes receivable         $ 507,946            
EXCEL 23 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 24 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 25 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 27 FilingSummary.xml IDEA: XBRL DOCUMENT 3.7.0.1 html 20 81 1 false 3 0 false 3 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://chinamediainc.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Consoldiated Balance Sheets (Unaudited) Sheet http://chinamediainc.com/role/ConsoldiatedBalanceSheets Consoldiated Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Consoldiated Balance Sheets (Unaudited) (Parenthetical) Sheet http://chinamediainc.com/role/ConsoldiatedBalanceSheetsParenthetical Consoldiated Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations and Comprehensive Income (Unaudited) Sheet http://chinamediainc.com/role/StatementsOfOperationsAndComprehensiveIncome Consolidated Statements of Operations and Comprehensive Income (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Consoldiated Statements of Cash Flows Sheet http://chinamediainc.com/role/ConsoldiatedStatementsOfCashFlows Consoldiated Statements of Cash Flows Statements 5 false false R6.htm 00000006 - Disclosure - Description of Business Sheet http://chinamediainc.com/role/DescriptionOfBusiness Description of Business Notes 6 false false R7.htm 00000007 - Disclosure - Summary of Significant Accounting Policies Sheet http://chinamediainc.com/role/SummaryOfSignificantAccountingPolicies Summary of Significant Accounting Policies Notes 7 false false R8.htm 00000008 - Disclosure - Related Party Transactions Sheet http://chinamediainc.com/role/RelatedPartyTransactions Related Party Transactions Notes 8 false false R9.htm 00000009 - Disclosure - Notes Receivable Notes http://chinamediainc.com/role/NotesReceivable Notes Receivable Notes 9 false false R10.htm 00000010 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://chinamediainc.com/role/SummaryOfSignificantAccountingPoliciesPolicies Summary of Significant Accounting Policies (Policies) Policies http://chinamediainc.com/role/SummaryOfSignificantAccountingPolicies 10 false false R11.htm 00000011 - Disclosure - Notes Receivable (Details) Notes http://chinamediainc.com/role/NotesReceivableDetails Notes Receivable (Details) Details http://chinamediainc.com/role/NotesReceivable 11 false false All Reports Book All Reports chnd-20170331.xml chnd-20170331.xsd chnd-20170331_cal.xml chnd-20170331_def.xml chnd-20170331_lab.xml chnd-20170331_pre.xml true true ZIP 29 0001549727-17-000026-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001549727-17-000026-xbrl.zip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end