Marquie Group, Inc. Files 2024 Annual Report

TL;DR

Marquie Group (TMGI) filed its 2024 10-K. Radio broadcasting biz. FL corp, NV HQ.

AI Summary

Marquie Group, Inc. filed its 10-K for the fiscal year ending May 31, 2024. The company, previously known as ZHONG SEN INTERNATIONAL TEA Co and MUSIC OF YOUR LIFE INC, is incorporated in Florida and operates in the radio broadcasting stations sector. Its principal business address is in Las Vegas, Nevada.

Why It Matters

This filing provides a comprehensive overview of Marquie Group, Inc.'s financial performance and business operations for the fiscal year ending May 31, 2024, which is crucial for investors and stakeholders to assess the company's current standing and future prospects.

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 Players & Entities

• Marquie Group, Inc. (company) — Filer
• ZHONG SEN INTERNATIONAL TEA Co (company) — Former Company Name
• MUSIC OF YOUR LIFE INC (company) — Former Company Name
• 05312024 (date) — Fiscal Year End
• Las Vegas, NV (location) — Business Address

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common stock, $0.0001 par value TMGI OTC Markets Securiti
• $0.01 — r companies whose stock is priced below $0.01. In many instances they have refused to
• $250,000 — d the Music of Your Life trademarks for $250,000. One-of-a-Kind Programming One uniqu

Filing Documents

• tmgi_i10k-053124.htm (10-K) — 904KB
• tmgi_ex2101.htm (EX-21.1) — 1KB
• tmgi_ex3101.htm (EX-31.1) — 7KB
• tmgi_ex3200.htm (EX-32) — 3KB
• image_001.jpg (GRAPHIC) — 10KB
• 0001683168-24-006272.txt ( ) — 4138KB
• tmgi-20240531.xsd (EX-101.SCH) — 37KB
• tmgi-20240531_cal.xml (EX-101.CAL) — 41KB
• tmgi-20240531_def.xml (EX-101.DEF) — 80KB
• tmgi-20240531_lab.xml (EX-101.LAB) — 268KB
• tmgi-20240531_pre.xml (EX-101.PRE) — 210KB
• tmgi_i10k-053124_htm.xml (XML) — 534KB

Business

Business 15 Item 1A.

Risk Factors

Risk Factors 15 Item 1B. Unresolved Staff Comments 15 Item 1C. Cybersecurity 15 Item 2.

Properties

Properties 15 Item 3.

Legal Proceedings

Legal Proceedings 15 Item 4. Mine Safety Disclosures 15 PART II 16 Item 5. Market for Registrant's Common Equity, Related Stockholders Matters and Issuers Purchases of Equity Securities 16 Item 6.

Selected Financial Data

Selected Financial Data 17 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 18 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 26 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 26 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 27 Item 9A.

Controls and Procedures

Controls and Procedures 27 Item 9B. Other Information 28 PART III 29 Item 10. Directors, Executive Officers, and Corporate Governance 29 Item 11.

Executive Compensation

Executive Compensation 31 Item 12.

Security Ownership of Certain Beneficial Owners and Management Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management Related Stockholder Matters 32 Item 13. Certain Relationships and Related Transactions, and Director Independence 34 Item 14. Principal Accountant Fees and Services 34 PART IV 35 Item 15. Exhibits and Financial Statement Schedules 35 Item 16. Form 10-K Summary 35 i CERTAIN DEFINITIONS Unless the context requires otherwise, all references in this annual report to "The Marquie Group", "TMGI" or the "company," including references to The Marquie Group by "we" "us" "our" and "its" refer to The Marquie Group, Inc., and our subsidiaries. CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS The Marquie Group makes "forward-looking statements" from time to time in both written reports (including this annual report) and oral statements, within the meaning of federal and state securities laws. Disclosures that use words such as the company "believes," "anticipates," "estimates," "expects," "intends," "will," "may," "intends," "could," "would," "should," "seeks," "predicts," or "plans" and similar expressions are intended to identify forward-looking statements, as defined under the Private Securities Litigation Reform Act of 1995. You should not place undue reliance on these forward-looking statements, which reflect our expectations based upon data available to the company as of the date of this annual report. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Except as required by law, the company undertakes no obligation to update or revise any forward-looking statements made in this annual report. Any such forward-looking statements, whether made in this annual report or elsewhere, should be considered in context with the various disclosures made by Salem about its business. These projections and other forward-looking statements fall under the safe harbors of Section 27A of the Securities Act o

BUSINESS

ITEM 1. BUSINESS. Relationship with Music of Your Life, Inc. (MOYL) As of May 31, 2024, TMGI beneficially owned 100% of the outstanding shares of MOYL common stock. MOYL is the longest running syndicated music radio network in the United States. MOYL provides radio programming 24 hours a day, 7 days a week to AM, FM, and HD stations across the country and around the world over the internet. Relationship with Simply Whim, Inc. (Whim) As of May 31, 2024, TMGI beneficially owned 25% of the outstanding shares of Whim common stock. Whim is a direct to consumer, emerging skin care brand dedicated to high quality, safe and efficacious beauty enhancing products. Relationship with Global Holdings Experience, Inc. (GNX) As of May 31, 2024, TMGI beneficially owned 100% of the outstanding shares of GNX common stock. The GNE business plan is to license intellectual property to third parties. Relationship with AminoMints, Inc. (AMI) On April 21, 2023, we announced a joint venture / acquisition with AminoMints, Inc. with terms to be determined. As of May 31, 2024, the Company has not been in a position to fund the acquisition. Depending on the amount of capital available to us, we may or may not complete the acquisition. AminoMints is an established brand of amino acids in mint form directed toward young adults as an entry toward a healthier lifestyle by incorporating amino acids in your diet as a daily regimen toward better health and cancer prevention. 1 Corporate Information The Marquie Group, Inc. is an emerging direct-to-consumer firm specializing in marketing, product development, and media, including a dynamic terrestrial, and streaming radio network. We craft and promote top-tier health and beauty solutions that enrich lives, showcased through engaging radio content for our audience. We have two operating segments: (1) Broadcast and (2) Health and Beauty, which also qualify as reportable segments. Our operating segments reflect how we assess the performa

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