Quarterly report pursuant to Section 13 or 15(d)

1. Organization and Business (Details Narrative)

v3.7.0.1
1. Organization and Business (Details Narrative) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Dec. 31, 2016
Dec. 31, 2015
Net loss $ (1,251,543) $ (1,182,952) $ (2,567,779) $ (2,832,669)    
Net cash used in operating activities     (3,558,638) (324,208)    
Accumulated deficit (39,210,540)   (39,210,540)   $ (36,642,761)  
Stockholders equity 11,392,942   11,392,942   10,055,526  
Current assets 4,689,434   4,689,434   3,376,788  
Cash, Cash Equivalents, and Restricted Cash 3,986,528 $ 4,938,720 3,986,528 $ 4,938,720 2,887,921 $ 5,187,620
Current liabilities 2,206,700   2,206,700   3,856,192  
Trade payables [1] 925,000   925,000   925,000  
Working capital $ 2,482,734   2,482,734   $ (479,404)  
Proceeds from Warrant Exchange     3,866,573      
Sony Pictures Home Entertainment [Member]            
Proceeds from license agreement     $ 1,489,583      
Stock issued for licensing rights, shares     301,231      
[1] As part of the Merger in 2013, the Company assumed certain liabilities from a previous member of A Squared which has claimed certain liabilities totaling $925,000. The Company disputes the basis for this liability. As of June 30, 2017, the Company believes that the statute of limitations applicable to the assertion of any legal claim relating to the collection of these liabilities has expired and therefore believes this liability is uncollectible. The Company is working with the counterparty to extinguish this liability.