Organization and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

As a result of EMI not applying the New Calculation Method, EMI’s payments of the Contingent Portion have been deficient, in the Trust’s view, by the following amounts (the “

Underpayments

”):


Quarterly Payment Period	Amount of Deficiency

March 31, 2016	$	79,889
September 30, 2016		37,529
March 31, 2017		85,359
September 30, 2017		41,557


Quarterly Payment Period	Amount of Deficiency

March 31, 2018		98,901
September 30, 2018		75,712
March 31, 2019		71,489
June 30, 2019		41,786
September 30, 2019		68,571
December 31, 2019		42,572
March 31, 2020		40,025
June 30, 2020		15,557
September 30, 2020		40,085
March 31, 2021		42,742
June 30, 2021		43,148
September 30, 2021		38,846
December 31, 2021		38,112
March 31, 2022		0
June 30, 2022		70,709
September 30, 2022		83,438
December 31, 2022		0
March 31, 2023		44,908
June 30, 2023		37,491
September 30, 2023		131,213
December 31, 2023		40,761
March 31, 2024		43,909
June 30, 2024		0
September 30, 2024		135,768
December 31, 2024		0
March 31, 2025		69,244
June 30, 2025		0

Total	$	1,559,321

MILLS MUSIC TRUST 10-Q