Quarterly report pursuant to Section 13 or 15(d)

8. Goodwill and Intangible Assets, Net (Details)

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8. Goodwill and Intangible Assets, Net (Details) (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Dec. 31, 2013
Less Accumulated Amortization $ (3,289,773) [1]   $ (3,289,773) [1]   $ (3,261,254) [1]
Net Intangible Assets 1,907,187   1,907,187   1,865,706
Amortization expense 16,451 36,577 28,521 73,154  
Goodwill 10,365,805   10,365,805   10,365,805
Identifiable artistic-related assets
          
Intangible assets 1,740,000 [2]   1,740,000 [2]   1,740,000 [2]
Trademarks [Member]
          
Intangible assets 129,831 [3]   129,831 [3]   129,831 [3]
Product Masters
          
Intangible assets 3,257,129 [3]   3,257,129 [3]   3,257,129 [3]
Other Intangible Assets
          
Intangible assets $ 70,000   $ 70,000   $ 0
[1] During the three months ended June 30, 2014 and 2013, the Company recognized $16,451 and $36,577, respectively, in amortization expense related to these intangible assets. During the six months ended June 30, 2014 and 2013, the Company recognized $28,521 and $73,154, respectively, in amortization expense related to these intangible assets.
[2] In association with the Merger, the Company acquired $1,740,000 in identifiable artistic-related assets. These assets, related to certain properties owned by A Squared and assumed by the Company, were valued using an independent firm during the fourth quarter of 2013. Based on certain legal, regulatory, contractual, and economic factors, the Company has deemed these assets to be indefinite-lived. Hence, pursuant to ASC 350-30, these assets are not subject to amortization. They are tested annually for the recognition of impairment expense.
[3] Pursuant to ASC 350-30-35, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. At December 31, 2013, it was determined that certain Other Intangible Assets totaling $470,685 in gross asset value, with accumulated amortization of $228,961, were to be retired giving rise to an associated loss on disposition of assets totaling $241,723. During the period ended June 30, 2014, the Company did not recognize any similar impairment.