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ROYALTY ADVANCES
9 Months Ended
Dec. 31, 2025
ROYALTY ADVANCES  
ROYALTY ADVANCES

NOTE 7. ROYALTY ADVANCES

The Company made royalty advances totaling $10,703,682 and $13,957,135 during the nine months ended December 31, 2025 and 2024, respectively, recoupable from the writer’s or artist’s share of future royalties otherwise payable, in varying amounts. Advances expected to be recouped within the next twelve months are classified as current assets, with the remainder classified as noncurrent assets, net of reserves for amounts that may not be recoverable.

The following table reflects the change in royalty advances, net during the nine months ended December 31, 2025 and 2024:

Nine Months Ended December 31,

  ​ ​ ​

2025

  ​ ​ ​

2024

Balance at beginning of period

$

70,690,618

$

69,775,565

Additions

 

10,703,682

 

13,957,135

Recoupments

 

(12,210,448)

 

(17,065,801)

Foreign currency translation

289,012

(74,363)

Balance at end of period

$

69,472,864

$

66,592,536