General form of registration statement for all companies including face-amount certificate companies

Consolidated Balance Sheets (unaudited)

v2.4.0.8
Consolidated Balance Sheets (unaudited) (USD $)
Mar. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Current Assets:      
Cash and Cash Equivalents $ 992,753 $ 527,110 $ 447,548
Accounts Receivable, net 296,289 893,826 1,084,233
Inventory 264,548 224,351 326,072
Prepaid and Other Assets 605,750 582,056 139,983
Total Current Assets 2,159,340 2,227,343 1,997,836
Property and Equipment, net 66,278 78,748 23,736
Film and Television Costs 89,819 0  
Capitalized Product Development in Process 67,030 54,575 145,398
Net Assets from Discontinued Operations     101,219
Intangible Assets, net 1,903,637 1,865,706 356,070
Goodwill 10,365,806 10,365,806 0
Investment in Stan Lee Comics, LLC 0 0 0
Debenture Issuance Costs     191,762
Total Assets 14,651,910 14,592,177 2,816,021
Current Liabilities:      
Accounts Payable 647,525 889,919 971,097
Accrued Expenses 740,992 704,539 496,662
Accrued Salaries and Wages 72,815 59,958 516,083
Disputed Trade Payable 925,000 [1] 925,000 [1] 0
Short Term Debt - Related Party 415,787 516,659 0
Accrued Interest - Debentures     45,716
Derivative Liability     68,962
Total Current Liabilities 2,802,119 3,096,075 2,098,520
Long Term Liabilities:      
Notes Payable (Net of Discount of $0 and $485,147, respectively)     514,853
Notes Payable and Accrued Interest - Related Parties     447,891
Services Advance 750,000 [2] 0  
Total Liabilities 3,552,119 3,096,075 3,061,264
Stockholders' Equity (Deficit)      
Preferred Stock 0 0 0
Common Stock 6,048 5,919 719
Additional Paid in Capital 29,371,960 28,914,238 9,962,062
Accumulated Deficit (18,278,217) (17,424,055) (10,208,024)
Total Equity (Deficit) 11,099,791 11,496,102 (245,243)
Total Liabilities & Stockholders' Equity (Deficit) $ 14,651,910 $ 14,592,177 $ 2,816,021
[1] As part of the Merger, the Company assumed certain liabilities from a previous member of A Squared Entertainment, LLC which has claimed certain liabilities totaling $925,000. The Company disputes the basis for this liability and has not heard from the claimant for two years.
[2] During the three months ended March 31, 2014, the Company entered into an exclusive long-term agreement with Sony DADC, the optical disc manufacturing and fulfillment arm of Sony, to provide all CD, DVD and BD replication, packaging and distribution to Genius Brands International's direct customers. Under the terms of the long-term, exclusive supply chain services agreement, the Company will order a minimum level of disc replication, packaging and distribution services for its content across all physical media, including DVD, CD, and Blu-ray from Sony DADC. As consideration for these minimum order levels, the Company will receive a total of $1,500,000, $750,000 of which was received during the first quarter of 2014 with the remaining $750,000 due by January 17, 2015.