Wednesday, November 18, 2015

Q3 Snapshot for HHSE

Greetings HHSE Friends & Followers - Watch for the full Q3 filings to be posted onto both the OTC Markets site, as well as the S.E.C. Edgar Site.  Meanwhile, in response to a pending press announcement, here is a snapshot of the Income Statement, Sales Detail and G&A for the 3-month period ending Sept. 30, 2015.  The google-sponsored Blog Space does not "like" PDF files, so the text versions have irregular columns, and the JPEG versions are difficult to read.  However, the entire reports will be legible and clear on both the OTC Markets site and the Edgar site when posted with the entire report.

SUMMARY OF THE THREE-MONTH PERIOD ENDING SEPT. 30, 2015


GENERAL AND ADMINISTRATIVE EXPENSES
  3-Months   3-Months   Category
  Ending   Ending   Change In
CATEGORY 6/30/2015   9/30/2015   Period
Auto  $                      -      $                      -      $                      -  
Bank Charges  $                   850    $               2,200    $               1,350
Consulting  $                      -      $                      -      $                      -  
Employees and Labor  $             63,365    $             79,647    $             16,282
Entertainment  $                      -      $                      -      $                      -  
Equipment  $               3,673    $               4,188    $                   515
Fees  $                      -      $                      -      $                      -  
Insurance  $                   453    $                   647    $                   194
Labor  $                   650    $               3,213    $               2,563
Legal and Accounting  $               3,000    $             16,400    $             13,400
Miscellaneous  $               1,818    $             11,564    $               9,746
Office  $               3,202    $             17,845    $             14,643
Rent  $             10,050    $             13,050    $               3,000
Taxes  $               7,893    $             24,887    $             16,994
Telephone  $               3,254    $               3,623    $                   369
Travel  $               4,290    $               8,500    $               4,210
Utilities  $               1,388    $               1,881    $                   493
TOTAL OF GENERAL AND        
ADMINISTRATIVE EXPENSES  $          103,886    $          187,645    $             83,759
Footnotes:  Officer Salaries for Parkinson and Shefte (the majority of which are deferred income)
    appear on the income statement as accrued (but deferred) payables, as well as on the Company's
    balance sheets.




 SALES SNAPSHOT: Q3 - (Period Ending Sept. 30, 2015)
 Consumer Products (DVDs, BD's, Books) $721,159.38 
 25% Returns Reserve on Packaged Goods Sales $(179,905.60)
 Television / V.O.D. / S.V.O.D. $516,065.00 
 VODWIZ Mastering & Upload Fees $43,750.00 
 International Licenses $-   
 Major Studio Distribution Ventures $-   
 Theatrical Releasing Revenues & Fees $1,517,800.26 
  
$2,618,869.04 
  Q3 2014   Q3 2015   Change
REVENUES  (see media detail report) $            407,605   $         2,798,774   $         2,391,169
  Reserve for Potential Returns (WM, BB, Target)                          -                (179,905)              (179,905)
  ADJUSTED REVENUES FOR QUARTER              407,605             2,618,869             2,211,264
                   
COST OF SALES                
  Commissions                       170                            -        
  Sales and Marketing                 13,900                     4,250                   (9,650)
  Video Manufacturing                 12,271                   37,488                   25,217
  Film & Book Royalties                 33,054   *         1,780,875   *         1,747,821
  Freight                   1,868                   29,420                   27,552
  Other Expenses                 49,313                   22,426                (26,887)
TOTAL COST OF SALES              110,576             1,874,459             1,763,883
           
GROSS PROFIT              297,029                744,410                447,381
GENERAL AND ADMINISTRATIVE EXP.                 81,756                187,645                105,889
INCOME FROM OPERATIONS              215,273                556,765                341,492
OTHER INCOME (EXPENSE)                          -                              -                              -  
INCOME BEFORE TAXES              215,273                556,765                341,492
PROVISION FOR INCOME TAXES **               75,346   **            194,868                119,522
NET INCOME $            139,927   $            361,897   $            221,970
RETAINED EARNINGS (Beginning of Period) $         2,495,703
RETAINED EARNINGS (End of Period) $         2,857,600
* Company is expensing the accrued royalties or third party participations as a cost of sales.
** Company is reserving a total of 35% off pretax earnings as the cumulative, accrued tax liability for both 
     Federal and applicable State Income Taxes

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