Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

v2.3.0.11
Consolidated Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash $ 1,191,509 $ 405,341
Accounts Receivable, net 762,163 1,021,039
Inventory 221,510 340,782
Prepaid and Other Assets 317,258 168,486
Total Current Assets 2,492,440 1,935,648
Property and Equipment, net 29,206 32,894
Capitalized Product Development in Process 353,194 278,696
Intangible Assets, net 334,915 405,019
Debenture Issuance Costs 256,040 0
Total Assets 3,465,795 2,652,257
Current Liabilities:    
Accounts Payable 547,675 1,008,460
Accrued Expenses 377,082 408,684
Accrued Salaries and Wages 493,277 193,519
Accrued Interest - Debentures 19,049 19,049
Unearned Revenue 482,746 0
Total Current Liabilities 1,919,829 1,629,712
Long Term Liabilities:    
Debenture (Net of discount) and Accrued Interest 623,226 0
Notes Payable - Related Parties and Accrued Interest 435,665 2,143,178
Total Liabilities 2,978,720 3,772,890
Stockholders' Equity (Deficit)    
Common Stock, $0.001 par value, 250,000,000 shares authorized; 71,862,617 and 60,698,815 shares issued and outstanding, respectively 71,863 60,699
Additional Paid in Capital 9,740,175 6,959,083
Accumulated Deficit (9,324,963) (8,135,049)
Total Genius Brands International, Inc. Stockholders' Equity (Deficit) 487,075 (1,115,267)
Noncontrolling Interest 0 (5,366)
Total Equity 487,075 (1,120,633)
Total Liabilities & Stockholders' Equity (Deficit) $ 3,465,795 $ 2,652,257