Quarterly report pursuant to Section 13 or 15(d)

7. Goodwill and Intangible Assets, Net (Details - Intangibles)

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7. Goodwill and Intangible Assets, Net (Details - Intangibles) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Dec. 31, 2015
Net Intangible Assets $ 1,900,924   $ 1,918,206
Amortization expense 19,131 $ 13,741  
Identifiable artistic-related assets [Member]      
Intangible assets [1] 1,740,000   1,740,000
Trademarks [Member]      
Intangible assets [2] 129,831   129,831
Product Masters [Member]      
Intangible assets 64,676   64,676
Other Intangible Assets [Member]      
Intangible assets 183,070   181,220
Trademarks, Product Masters and Other Intangible Assets [Member]      
Less Accumulated Amortization [3] $ (216,653)   $ (197,521)
[1] In association with the Merger, the Company acquired $1,740,000 of 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 and are tested annually for impairment. Through March 31, 2016, the Company has not recognized any impairment expense related to these assets.
[2] 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. During the three months ended March 31, 2016 and 2015, the Company did not recognize any impairment of these assets.
[3] During the three months ended March 31, 2016 and 2015, the Company recognized $19,131 and $13,741, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.