| Schedule of Intangible Asset |
| |
|
September
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) |
|
|
(317,649 |
) |
|
|
(273,877 |
) |
| Intangible Assets, Net |
|
$ |
1,801,878 |
|
|
$ |
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 September 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 September 30, 2017,
the Company has not recognized any impairment expense related to these assets. |
| |
(c) |
During the three months ended September 30, 2017 and 2016, the
Company recognized $12,756 and $19,448, respectively, in amortization expense related to the Trademarks, Product Masters,
and Other Intangible Assets. During the nine months ended September 30, 2017 and 2016, the Company recognized $43,771 and
$57,763, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets. |
|
| |
|
12/31/2016 |
|
|
12/31/2015 |
|
| 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 |
|
|
|
181,220 |
|
| Intangible Assets, Gross |
|
|
2,119,527 |
|
|
|
2,115,727 |
|
| Less Accumulated Amortization (c) |
|
|
(273,877 |
) |
|
|
(197,521 |
) |
| Intangible Assets, Net |
|
$ |
1,845,650 |
|
|
$ |
1,918,206 |
|
| |
(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 December 31, 2016, 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 December 31, 2016,
the Company has not recognized any impairment expense related to these assets. |
| |
(c) |
During the years ended December 31, 2016 and 2015, the Company
recognized $76,356 and $69,453, respectively, in amortization expense related to the Trademarks, Product Masters, and Other
Intangible Assets. |
|