SEVN ARTS : Quarterly Report

Disclosure Statement Pursuant to the Pink Basic Disclosure Guidelines

Seven Arts Entertainment Inc.

3440 Oakcliff Road

Suite 104

Atlanta, GA 30340

_______________________________

770-866-6250

sevenartsentertainment.com

[e-mail]

7812

Quarterly Report

For the Period Ending:12/31/2021

(the "Reporting Period")

As of 12/31/2021, the number of shares outstanding of our Common Stock was:

4,003,444,252

As of 09/30/2021, the number of shares outstanding of our Common Stock was:

4,003,444,252

As of 06/30/2021, the number of shares outstanding of our Common Stock was:

4,003,444,252

Indicate by check mark whether the company is a shell company (as defined in Rule 405 of the Securities Act of 1933 and Rule 12b-2 of the Exchange Act of 1934):

Yes: ☐ No: ☒

Indicate by check mark whether the company's shell status has changed since the previous reporting period:

Yes: ☐ No: ☒

Indicate by check mark whether a Change in Control1 of the company has occurred over this reporting period:

Yes:	No: x
	☐

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 1 of 8

1. Name and address(es) of the issuer and its predecessors (if any)

In answering this item, provide the current name of the issuer any names used by predecessor entities, along with the dates of the name changes.

Seven Arts Entertainment Inc. as of 02/15/2018

Wireless Connect Inc. from 10/15/2014 to 02/15/2018

Seven Arts Entertainment Inc. from 06/11/2010 to 10/15/2014

The state of incorporation or registration of the issuer and of each of its predecessors (if any) during the past five years; Please also include the issuer's current standing in its state of incorporation (e.g. active, default, inactive):

The issuers state of incorporation is Wyoming as of 10/15/2014

The issuers standing is Active in the state of Wyoming

Describe any trading suspension orders issued by the SEC concerning the issuer or its predecessors since inception:

None

List any stock split, stock dividend, recapitalization, merger, acquisition, spin-off, or reorganization either currently anticipated or that occurred within the past 12 months:

None

The address(es) of the issuer's principal executive office:

3440 Oakcliff Road, Suite 104, Atlanta, GA 30340

The address(es) of the issuer's principal place of business:

Check box if principal executive office and principal place of business are the same address: ☒

Has the issuer or any of its predecessors been in bankruptcy, receivership, or any similar proceeding in the past five years?

Yes: ☐	No: ☒
2)	Security Information
Trading symbol:	SAPX
Exact title and class of securities outstanding:	Common
CUSIP:		81783N508
Par or stated value:	.0001
Total shares authorized:	4,500,000,000	as of date: 07/15/2021
Total shares outstanding:	4,003,444,252	as of date: 12/31/2021
Number of shares in the Public Float2:	1,338,590,411	as of date: 12/31/2021
Total number of shareholders of record:	442	as of date: 12/31/2021

2 "Public Float" shall mean the total number of unrestricted shares not held directly or indirectly by an officer, director, any person who is the beneficial owner of more than 10 percent of the total shares outstanding (a "control person"), or any affiliates thereof, or any immediate family members of officers, directors and control persons.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 2 of 8

All additional class(es) of publicly traded securities (if any):

Trading symbol:

Exact title and class of securities outstanding: Par or stated value:

Total shares authorized: Total shares outstanding:

Trading symbol:

Exact title and class of securities outstanding: Par or stated value:

Total shares authorized: Total shares outstanding:

Transfer Agent

SAPX

Series D Preferred 100.00

30,000as of date: 08/27/2014

30,000as of date: 12/31/2021

SAPX

Series A Preferred

.01

10,000,000as of date: 07/15/2021

6,000,000as of date: 12/31/2021

Name: Transfer Online, Inc.

Phone: [phone]

Email: [e-mail]

Address: 512 SE Salmon St, Portland, OR 97214

Is the Transfer Agent registered under the Exchange Act?3 Yes: ☒

No: ☐

1. Issuance History

The goal of this section is to provide disclosure with respect to each event that resulted in any direct changes to the total

shares outstanding of any class of the issuer's securities in the past two completed fiscal years and any subsequent interim period.

A. Changes to the Number of Outstanding Shares

Check this box to indicate there were no changes to the number of outstanding shares within the past two completed fiscal years and any subsequent periods:

Shares Outstanding as of Second Most Recent
Fiscal Year End:			*Right-click the rows below and select "Insert" to add rows as needed.
		Opening Balance
Date 07/01/2019
Common: 4,003,444,252
Preferred D:	30,000
Date of		Transaction	Number of	Class of	Value of	Were the	Individual/ Entity	Reason for	Restricted or	Exemptio
Transaction		type (e.g.	Shares Issued	Securities	shares	shares	Shares were issued	share issuance	Unrestricted	n or
		new	(or cancelled)		issued	issued at	to (entities must	(e.g. for cash	as of this	Registrati
		issuance,			($/per	a discount	have individual with	or debt	filing.	on Type.
		cancellation,			share) at	to market	voting / investment	conversion)
		shares			Issuance	price at	control disclosed).	-OR-
		returned to				the time		Nature of
		treasury)				of		Services
						issuance?		Provided
						(Yes/No)

3 To be included in the Pink Current Information tier, the transfer agent must be registered under the Exchange Act.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 3 of 8

07/21/2021	New	6,000,000 Preferred A	.01	No	Jason Black	Acquisition	Restricted	None
	Issuance

Shares Outstanding on Date of This Report:

Ending Balance

Date 12/31/2021

Common: 4,003,444,252

Preferred D: 30,000

Preferred A: 6,000,000

B. Debt Securities, Including Promissory and Convertible Notes

Use the chart and additional space below to list and describe all outstanding promissory notes, convertible notes, convertible debentures, or any other debt instruments that may be converted into a class of the issuer's equity securities.

Check this box if there are no outstanding promissory, convertible notes or debt arrangements:

Date of	Outstanding	Principal	Interest	Maturity	Conversion Terms (e.g.	Name of Noteholder	Reason for
Note	Balance ($)	Amount	Accrued	Date	pricing mechanism for	(entities must have	Issuance (e.g.
Issuance		at	($)		determining conversion	individual with voting	Loan, Services,
		Issuance			of instrument to shares)	/ investment control	etc.)
		($)				disclosed).
08/01/2021	$53,052	$51,135	$757	08/02/2022	9% per annum	Capitol Capital Corp	Loan
					convertible at .001	Howard Salamon

1. Financial Statements

A. The following financial statements were prepared in accordance with:

1. ☒ U.S. GAAP ☐ IFRS

2. The financial statements for this reporting period were prepared by (name of individual)4:

Name:	Jason Black
Title:	CEO
Relationship to Issuer:	President

4 The financial statements requested pursuant to this item must be prepared in accordance with US GAAP or IFRS by persons with sufficient financial skills.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 4 of 8

Provide the financial statements described below for the most recent fiscal year or quarter. For the initial disclosure statement (qualifying for Pink Current Information for the first time) please provide reports for the two previous fiscal years and any subsequent interim periods.

1. Balance Sheet;
2. Statement of Income;
3. Statement of Cash Flows;
4. Statement of Retained Earnings (Statement of Changes in Stockholders' Equity)
5. Financial notes; and
6. Audit letter, if audited

You may either (i) attach/append the financial statements to this disclosure statement or (ii) file the financial statements through OTCIQ as a separate report using the appropriate report name for the applicable period end. ("Annual Report," "Quarterly Report" or "Interim Report").

If you choose to publish the financial statements in a separate report as described above, you must state in the accompanying disclosure statement that such financial statements are incorporated by reference. You may reference the document(s) containing the required financial statements by indicating the document name, period end date, and the date that it was posted to OTCIQ in the field below. Financial Statements must be compiled in one document.

The issuers financial statements are attached herein

Financial statement information is considered current until the due date for the subsequent report (as set forth in the qualifications section above). To remain qualified for Current Information, a company must post its Annual Report within 90 days from its fiscal year-end date and Quarterly Reports within 45 days of each fiscal quarter-end date.

1. Issuer's Business, Products and Services

The purpose of this section is to provide a clear description of the issuer's current operations. In answering this item, please include the following:

1. Summarize the issuer's business operations (If the issuer does not have current operations, state "no operations")

Film and music production

1. Please list any subsidiaries, parents, or affiliated companies.

The issuer has two subsidiaries, Seven Arts Music Inc. and Muse Media LLC.

1. Describe the issuers' principal products or services.

The issuer produces film and music for domestic and international release.

1. Issuer's Facilities

If the issuer leases any assets, properties or facilities, clearly describe them as above and the terms of their leases.

The issuer leases approximately 3000 sq. ft. of mixed use space, consisting of offices and production facilities,

located at 3440 Oakcliff Road, Suite 104, Atlanta, GA 30340, at $3500 a month plus utilities.

OTC Markets Group Inc.
OTC Pink Basic Disclosure Guidelines (v3.1 June 24, 2021)	Page 5 of 8