Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.8
Consolidated Balance Sheets (USD $)
Dec. 31, 2013
Dec. 31, 2012
Current Assets:    
Cash and Cash Equivalents $ 527,110 $ 447,548
Accounts Receivable, net 893,826 1,084,233
Inventory 224,351 326,072
Prepaid and Other Assets 582,056 139,983
Total Current Assets 2,227,343 1,997,836
Property and Equipment, net 78,748 23,736
Capitalized Product Development in Process 54,575 145,398
Net Assets from Discontinued Operations 0 101,219
Intangible Assets, net 1,865,706 356,070
Goodwill 10,365,805 0
Investment in Stan Lee Comics, LLC 0 0
Debenture Issuance Costs 0 191,762
Total Assets 14,592,177 2,816,021
Current Liabilities:    
Accounts Payable 889,919 971,097
Accrued Expenses 704,539 496,662
Accrued Salaries and Wages 59,958 516,083
Disputed Trade Payable 925,000 0
Short Term Debt - Related Party 516,659 0
Accrued Interest - Debentures 0 45,716
Derivative Liability 0 68,962
Total Current Liabilities 3,096,075 2,098,520
Long Term Liabilities:    
Notes Payable (Net of Discount of $0 and $485,147, respectively) 0 514,853
Notes Payable and Accrued Interest - Related Parties 0 447,891
Total Liabilities 3,096,075 3,061,264
Stockholders' Equity (Deficit)    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding 0 0
Common Stock, $0.001 par value, 700,000,000 and 250,000,000 shares authorized, respectively; 5,918,704 and 719,127 shares issued and outstanding, respectively 5,919 719
Additional Paid in Capital 28,914,238 9,962,062
Accumulated Deficit (17,424,055) (10,208,024)
Total Stockholders' Equity (Deficit) 11,496,102 (245,243)
Total Liabilities & Stockholders' Equity (Deficit) $ 14,592,177 $ 2,816,021