Kartoon Studios, Inc. Quarterly report pursuant to Section 13 or 15(d)

3. Business Combination (Tables)

9 Months Ended

Sep. 30, 2015

	Allocated Fair Value
Cash	$	283,199
Accounts Receivable		89,398
Prepaid Expenses and Other Assets		145,574
Property and equipment, net		75,385
Identifiable artistic-related intangible assets (a)		1,740,000
Total assets acquired		2,333,556

Accounts Payable		(404,757	)
Accrued Expenses		(450,000	)
Short Term Debt - Related Party		(516,966	)
Disputed Trade Payable		(925,000	)
Total liabilities assumed		(2,296,723	)

Net assets acquired		36,833

Consideration (b)		10,402,638

Goodwill	$	10,365,805