Goliath Film & Media Holdings Files 2024 10-K

TL;DR

GFMH filed its 2024 10-K. All good.

AI Summary

Goliath Film & Media Holdings filed its 10-K for the fiscal year ending April 30, 2024. The filing details the company's financial performance and operations, including its business address at 640 S San Vicente Boulevard, Los Angeles, CA 90048. The company was formerly known as China Advanced Technology before changing its name on May 31, 2011.

Why It Matters

This 10-K filing provides investors and stakeholders with a comprehensive overview of Goliath Film & Media Holdings' financial health and strategic direction for the fiscal year 2024.

Risk Assessment

Risk Level: low — The provided text is a standard 10-K filing header and does not contain specific financial performance data or forward-looking statements that would indicate a high-risk level.

Key Numbers

• 0430 — Fiscal Year End (The filing covers the period ending April 30, 2024.)
• 20240813 — Filing Date (The 10-K was officially filed on August 13, 2024.)

Key Players & Entities

• Goliath Film & Media Holdings (company) — Filer
• 640 S San Vicente Boulevard, Fifth Floor, Los Angeles, CA 90048 (location) — Business and Mail Address
• 20240430 (date) — Fiscal Year End
• 20240813 (date) — Filing Date
• China Advanced Technology (company) — Former Company Name

FAQ

Key Financial Figures

• $0.001 — (g) of the Act: Common Stock, par value $0.001 Indicate by check mark if the registr
• $125,000 — mpleted. Per the agreement, we received $125,000 in advance payments per an agreed deliv
• $19,382 — ting this film. The Company had revenue $19,382 and $48,207 for the fiscal years ended
• $48,207 — lm. The Company had revenue $19,382 and $48,207 for the fiscal years ended April 30, 20
• $28,292 — l 30, 2024 and 2023, we had revenues of $28,292 and $73,375, respectively. On May 20,
• $73,375 — nd 2023, we had revenues of $28,292 and $73,375, respectively. On May 20, 2015, we si
• $175,000 — r Vista. Per the agreement, we received $175,000 in advance payments per an agreed deliv
• $150,000 — ntioned content will cost approximately $150,000 per project, however licensing and dist
• $17 billion — content, they are spending in excess of $17 billion this year for the acquisition of comple

Filing Documents

• form10-k.htm (10-K) — 631KB
• ex31-1.htm (EX-31.1) — 11KB
• ex32-1.htm (EX-32.1) — 4KB
• 0001493152-24-031531.txt ( ) — 2760KB
• gfmh-20240430.xsd (EX-101.SCH) — 18KB
• gfmh-20240430_cal.xml (EX-101.CAL) — 27KB
• gfmh-20240430_def.xml (EX-101.DEF) — 53KB
• gfmh-20240430_lab.xml (EX-101.LAB) — 201KB
• gfmh-20240430_pre.xml (EX-101.PRE) — 154KB
• form10-k_htm.xml (XML) — 281KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 7 Item 1B. Unresolved Staff Comments 10 Item 2.

Properties

Properties 10 Item 3.

Legal Proceedings

Legal Proceedings 10 Item 4. Mine Safety Disclosures 10 PART II Item 5. Market for the Registrant's Common Stock, Related Stockholder Matters and Issuer Repurchases of Equity Securities 10 Item 6.

Selected Financial Data

Selected Financial Data 10 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 18 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 19 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 20 Item 9A

Controls and Procedures

Controls and Procedures 20 Item 9B Other Information 20 Item 9C Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 20 PART III Item 10. Directors, Executive Officers and Corporate Governance 20 Item 11.

Executive Compensation

Executive Compensation 22 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 22 Item 13. Certain Relationships and Related Transactions, and Director Independence 23 Item 14. Principal Accounting Fees and Services 24 PART IV Item 15. Exhibits, Financial Statement Schedules 24 2 DISCLOSURE REGARDING FORWARD LOOKING STATEMENTS This report contains forward-looking statements. The forward-looking statements are contained principally in the sections entitled "Description of Business," "Risk Factors," and "Management's Discussion and Analysis of Financial Condition and Results of Operations." These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "anticipates," "believes," "seeks," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "projects," "should," "would" and similar expressions intended to identify forward-looking statements. Forward-looking statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These risks and uncertainties include, but are not limited to, the factors described in the section captioned "Risk Factors" below. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Such statements may include, but are not limited to, information related to: anticipated operating results; licensing arrangements; relationships with our customers; consumer demand; financial resources and condition; changes in revenues; changes in profitability; changes in accounting treatment; cost of sales; selling, general and administrative expenses; interest expense; the ability to secur

BUSINESS

BUSINESS Background. The Company was incorporated in Nevada on February 16, 2010 under the name "China Advanced Technology" as the successor by merger to Vitalcare Diabetes Treatment Centers, Inc. ("Vitalcare"). In February and March 2010, Vitalcare underwent a holding company reorganization under Delaware law, pursuant to which it became a wholly-owned subsidiary of Vitalcare Holding Corporation, and Vitalcare, together with its assets and liabilities, was sold to a non-affiliated third party. Vitalcare Holding Corporation subsequently reincorporated in Nevada by merger into China Advanced. Vitalcare was in the business of administering medical clinics specializing in diabetes treatment. It was the successor to Network Financial Services, Inc. ("Network"), which went public in an underwritten offering in 1987. Network was engaged in mortgage origination, and changed its name to Westmark Group Holdings ("Westmark") in 1993 in connection with the acquisition of Westmark Mortgage from Primark Corporation. Westmark ceased operations at some time in 2006, and in 2006 ceased filing reports under the Securities Exchange Act of 1934. The corporate entity was thereafter known as Viking Consolidated, Inc. (2006), Tailor Aquaponics World Wide, Inc. (2007) and Diversified Acquisitions (2007) until it entered the medical clinic business in early 2008. The Company has no information regarding any business activities from 2006 after the mortgage origination business closed, to early 2008. On October 25, 2011, Goliath Film and Media International, a Nevada corporation, entered into an Agreement and Plan of Reorganization (the "Exchange Agreement"), pursuant to which Goliath Film and Media International was acquired by China Advanced Technology. Prior to the acquisition, our principal operations consisted of internet marketing, and were conducted through a wholly owned subsidiary, Live Wise, Inc. Live Wise was disposed of on October 31, 2011 for cancellation of debt and sha

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View this 10-K filing on SEC EDGAR