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

Consolidated Statements of Cash Flows (unaudited)

v3.3.1.900
Consolidated Statements of Cash Flows (unaudited) - USD ($)
 9 Months Ended 12 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:        
Net Loss $ (2,421,938) $ (2,843,763) $ (3,728,599) $ (7,216,031)
Adjustments to reconcile net loss to net cash provided in operating activities:        
Depreciation Expense 46,501 37,774 50,484 13,730
Amortization Expense 50,322 45,527 59,269 146,924
Imputed Interest Expense 18,544 19,611 25,842 0
Bad Debt Expense (1,550) 55,000 73,458 0
Accretion of Discount on Convertible Debentures     0 1,294,350
Issuance of Common Stock for Interest Expense     0 51,859
Issuance of Common Stock for Services     127,200 167,260
Issuance of Common Stock on Bonuses to Officers and Directors     0 222,500
Stock Compensation Expense 0   0 316,685
(Gain) Loss on Settlement or Extinguishment of Debt 0 (52,447) (56,519) 614,073
(Gain) Loss on Derivative Valuation     0 1,886,943
(Gain) Loss on Exchange of Warrants     0 312,144
Prepaid Consulting Services Expense 0 280,482    
(Gain) Loss on Distribution Contracts (102,350) 47,229 47,229 (4,997)
(Gain) Loss on Disposition of Assets 0 70,905 70,905 251,192
(Gain) Loss on Deferred Financing Costs 9,313 0    
(Gain) Loss on Impairment of Assets 7,500 70,905    
(Gain) Loss on Discontinued Operations     0 101,219
(Gain) Loss on Foreign Currency Translation 36,258 0 8,594 0
(Gain) Loss on Settlement of Accounts Payable 0 (52,447) 4,072 0
(Gain) Loss on Inventory 0 174,963 174,963 0
Decrease (Increase) in Operating Assets:        
Accounts Receivable 18,612 495,522 603,288 279,804
Inventory (2,355) 28,226 37,697 101,721
Prepaid Expenses & Other Assets 16,744 138,295 361,534 36,716
Other Receivables     0 466,762
Film and Television Costs, net (599,681) (156,592) (303,953) 0
Increase (Decrease) in Operating Liabilities:        
Accounts Payable (14,059) (448,708) (492,173) (354,498)
Accrued Salaries 35,332 59,800 (9,670) 196,318
Accrued Interest     0 11,135
Accrued Interest - Related Party     0 0
Deferred Revenue and Advances 165,270 432,648 397,313 0
Other Accrued Expenses 125,930 (9,392) 67,078 (16,126)
Net Cash Used in Operating Activities (2,611,607) (1,624,920) (2,481,988) (1,120,317)
Cash Flows from Investing Activities:        
Investment in Intangible Assets (111,221) (70,000) (70,000) (67,461)
Investment in Fixed Assets (180,853) (3,151) (4,156) (2,825)
Investment in Capitalized Product Development 0 (16,330) (23,830) 0
Merger with A Squared Entertainment     0 283,199
Net Cash Used in Investing Activities (292,074) (89,481) (97,986) 212,913
Cash Flows from Financing Activities:        
Sale of Preferred Stock, net of offering costs 0 6,000,000 5,379,915 0
Sale of Common Stock, net of offering costs 0 360,000 355,116 968,537
Costs for Warrant Exchange     0 (15,264)
Proceeds from Services Advance 750,000 750,000 750,000 0
Repayment of Services Advance 0 (10,117) (10,417) 0
Proceeds of Related Party Notes 513 0    
Payments of Related Party Notes 0 (105,017) (105,651) (307)
Common Stock Offering Costs 0 (4,884)    
Preferred Stock Offering Costs 0 (620,085)    
Debt Issuance Cost 0 (15,000) (15,000) (275,000)
Proceeds from Bridge Notes     0 309,000
Net Cash Provided by Financing Activities 750,513 6,354,897 6,353,963 986,966
Net Increase (Decrease) in Cash and Cash Equivalents (2,153,168) 4,640,496 3,773,989 79,562
Beginning Cash and Cash Equivalents 4,301,099 527,110 527,110 447,548
Ending Cash and Cash Equivalents 2,147,931 5,167,606 4,301,099 527,110
Supplemental Disclosures of Cash Flow Information:        
Cash Paid for Income Taxes 0 0 0 0
Cash Paid for Interest 1,076 2,230 6,063 0
Schedule of Non-Cash Financing and Investing Activities:        
Common Stock Issued as Settlement for Accounts Payable 0 32,572 32,572 50,100
Common Stock Issued for Prepaid Services $ 0 $ 113,998 32,100 333,215
Common Stock issued for Merger, net of cash     0 10,119,439
Conversion of Debentures and Accrued Interest to Common Stock     0 1,201,474
Conversion of Warrants to Common Stock     0 312,144
Conversion of Short Term Bridge Notes and Accrued Interest to Common Stock     0 543,719
Conversion of Related Party Notes and Accrued Interest to Common Stock     0 472,360
Conversion of Accrued Salaries to Common Stock     0 612,443
Accrued Salaries converted to Short Term Note Payable     0 221,000
Common Stock issued for Issuance Costs     0 15,264
Common Stock issued for Derivative Liabilities     0 3,107,608
Common Stock issued for Debt Discount     $ 0 $ 342,500