Quarterly report pursuant to Section 13 or 15(d)

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

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5. Goodwill and Intangible Assets, Net (Details - Intangibles) - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Intangible assets $ 2,207,036 $ 2,185,678
Less Accumulated Amortization [1] (342,397) (329,398)
Net Intangible Assets 1,864,639 1,856,280
Identifiable artistic-related assets [Member]    
Intangible assets [2] 1,740,000 1,740,000
Trademarks [Member]    
Intangible assets [3] 129,831 129,831
Product Masters [Member]    
Intangible assets [3] 64,676 64,676
Other Intangible Assets [Member]    
Intangible assets [3] $ 272,529 $ 251,171
[1] During the three months ended March 31, 2018 and 2017, the Company recognized $12,999 and $17,697, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.
[2] 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 March 31, 2018, the Company has not recognized any impairment expense related to these assets.
[3] 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 March 31, 2018, the Company has not recognized any impairment expense related to these assets.