Annual report pursuant to section 13 and 15(d)

Consolidated Statements of Operations

v2.4.0.6
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Revenues:    
Product Sales $ 6,277,663 $ 5,387,538
Licensing & Royalties 292,536 635,472
Total Revenues 6,570,199 6,023,010
Cost of Sales (Excluding Depreciation) 4,836,321 3,636,712
Gross Profit 1,733,878 2,386,298
Operating Expenses:    
Product Development 32,792 18,491
Professional Services 181,172 249,655
Rent Expense 38,982 82,469
Marketing & Sales 727,695 917,196
Depreciation & Amortization 149,823 208,859
Salaries and Related Expenses 1,689,064 1,394,746
Stock Compensation Expense 264,122 432,422
Other General & Administrative 612,513 352,733
Total Operating Expenses 3,696,163 3,656,571
Loss from Operations (1,962,285) (1,270,273)
Other Income (Expense):    
Other Income 388 24,865
Interest Expense (332,055) (2,870)
Interest Expense - Related Parties (50,259) (123,981)
Gain (loss) on extinguishment of debt 76,280 0
Gain (loss) on derivative valuation 200,322 0
Net Other Income (Expense) (105,324) (101,986)
Loss before Income Tax Expense and Noncontrolling Interest (2,067,609) (1,372,259)
Income Tax Expense 0 0
Net Loss (2,067,609) (1,372,259)
Net Loss attributable to Noncontrolling Interest 0 5,366
Net Loss attributable to Genius Brands International, Inc. $ (2,067,609) $ (1,366,893)
Net Loss per common share $ (0.03) $ (0.02)
Weighted average shares outstanding 68,928,617 58,923,904