| Schedule of Intangible Assets |
| |
|
June 30, 2017 |
|
|
December 31, 2016 |
|
| Identifiable Artistic-Related Assets (a) |
|
$ |
1,740,000 |
|
|
$ |
1,740,000 |
|
| Trademarks (b) |
|
|
129,831 |
|
|
|
129,831 |
|
| Product Masters (b) |
|
|
64,676 |
|
|
|
64,676 |
|
| Other Intangible Assets (b) |
|
|
185,020 |
|
|
|
185,020 |
|
| Intangible Assets, Gross |
|
|
2,119,527 |
|
|
|
2,119,527 |
|
| Less Accumulated Amortization (c) |
|
|
(304,889 |
) |
|
|
(273,877 |
) |
| Intangible Assets, Net |
|
$ |
1,814,638 |
|
|
$ |
1,845,650 |
|
| |
(a) |
In connection with the Merger in 2013, 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. Based on certain legal, regulatory, contractual, and economic factors, the Company has deemed these assets to be indefinite-lived. Hence, pursuant to FASB ASC 350-30, these assets are not subject to amortization and are tested annually for impairment. Through June 30, 2017, the Company has not recognized any impairment expense related to these assets. |
| |
(b) |
Pursuant to FASB 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. Through June 30, 2017, the Company has not recognized any impairment expense related to these assets. |
| |
(c) |
During the three months ended June 30, 2017 and 2016, the Company recognized $13,315 and $19,184, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. During the six months ended June 30, 2017 and 2016, the Company recognized $31,012 and $38,315, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. |
|