Yarlung Artists

OUR EXECUTIVE PRODUCERS AND BOARD OF DIRECTORS CONTRIBUTED AND RAISED FUNDS TO ENABLE RECORD LABELS TO CREATE, MARKET AND DISTRIBUTE NEW CDS AND LPS DURING YARLUNG'S FISCAL YEAR, INCLUDING MULTIPLE DIGITAL DOWNLOAD AND STREAMING OPTIONS IN SEVERAL FORMATS FOR MAXIMUM VISIBILITY. THESE ALBUMS WERE DESIGNED FOR SELECT CONCERT ARTISTS AND COMPOSERS TO HELP THEM GAIN STATURE AND VISIBILITY WITH THEIR AUDIENCES, CRITICS AND PEERS. .YARLUNG ARTISTS CONTRACTED YARLUNG RECORDS LLC (A SINGLE MEMBER LLC IN WHICH BOB ATTIYEH IS SOLE MEMBER) TO PRODUCE AND MANUFACTURE CONCERTS AND ALBUMS PRESENTED THIS PAST FISCAL YEAR. THIS INCLUDED RECORDING, MASTERING, POST PRODUCTION, GRAPHICS, MANUFACTURING, SHIPPING, WAREHOUSE STORAGE, DISTRIBUTION, MARKETING AND SOCIAL MEDIA. TOTAL AMOUNT PAID DURING THE FISCAL YEAR WAS $305,121 WHICH INCLUDED $142,500 PAID IN CALENDAR YEAR 2022. FOR PURPOSES OF PART VI, LINE 51, THERE WAS ALSO 248,750 PAID IN CALENDAR YEAR 2022 FOR PRIOR FISCAL YEAR. THE BULK OF SUCH PAYMENTS WERE FOR PRIOR UNPAID AND UNREIMBURSED PRODUCTION EXPENSES. .DURING THE YEAR, YARLUNG ARTISTS RAISED FUNDS FOR RECORDING PROJECTS THAT WILL BE PAID DURING FISCAL YEAR ENDING OCTOBER 31, 2024 (THE NEXT FISCAL YEAR) OF APPROXIMATELY $70,000. THE BOARD HAS DESIGNATED SUCH FUNDS BE RESERVED FOR SUCH PROJECTS. NON DESIGNATED NET ASSETS AS OF OCTOBER 31, 2023 ARE THEREFORE $6,272.