RELATED PARTY TRANSACTIONS

12 Months Ended

Apr. 30, 2023

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

Advances from related party

The Company borrows funds from the Company’s affiliates for working capital purposes from time to time. The Company has recorded the principal balance due of $22,463 and $8,485 under Accounts payable - related party in the accompanying Balance Sheets at April 30, 2023 and 2022, respectively. The Company received advances of $13,978 (from C&R Films of $9,528 and Mike Criscione of $4,450) and $8,485 (from Lamont Roberts of $250, C&R Films of $4,235, and Mike Criscione of $4,000) and had no repayments for the years ended April 30, 2023 and 2022, respectively.

GOLIATH FILM AND MEDIA HOLDINGS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED APRIL 30, 2023 AND 2022

Other

During the years ended April 30, 2023 and 2022, the Company made no payments to Lamont Roberts, CEO and acting CFO of the Company, and Mr. Roberts incurred no expenses on behalf of the Company. The Company has a balance owed to Mr. Roberts of $250 at April 30, 2023.

During the years ended April 30, 2023 and 2022, the Company made payments of $0 and $3,000, respectively, to C&R Films for film production costs and reimbursement of various expenses. C&R paid expenses totaling $11,221 and $3,995 in the years ended April 30, 2023 and 2022, respectively, in operating expenses including rent, filing expenses, and accounting costs on behalf of the Company. C&R Films is controlled by Lamont Roberts, CEO and acting CFO of the Company. The Company has a balance owed to C&R Films of $50,047 at April 30, 2023.

During the years ended April 30, 2023 and 2022, the Company made no payments to Dos Cabezas for film production costs and reimbursement of various expenses. Dos Cabezas paid expenses totaling $0 and $0 in the years ended April 30, 2023 and 2022, respectively, in operating expenses including accounting costs on behalf of the Company. Dos Cabezas is controlled by Lamont Roberts, CEO and acting CFO of the Company. The Company has a balance owed to Dos Cabezas of $14,394 at April 30, 2023.

During the years ended April 30, 2023 and 2022, Kevin Frawley, an affiliate, paid expenses totaling $4,823 and $5,150, respectively, in operating expenses, including audit fees, on behalf of the Company. The Company has a balance owed to Mr. Frawley of $26,063 at April 30, 2023.

During the years ended April 30, 2023 and 2022, the Company made payments of $51,860 and $0, respectively, to Mike Criscione, Director, for reimbursement of various expenses. During the years ended April 30, 2023 and 2022, Mr. Criscione paid expenses totaling $27,000 and $9,570, respectively, in operating expenses, including audit fees, on behalf of the Company. The Company has a balance owed to Mr. Criscione of $11,490 at April 30, 2023.

Related party transactions have been disclosed in the other notes to these financial statements.