| Schedule of Intangible Asset |
| |
|
March
31, 2018 |
|
|
December
31, 2017 |
|
| 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) |
|
|
272,529 |
|
|
|
251,171 |
|
| Intangible Assets, Gross |
|
|
2,207,036 |
|
|
|
2,185,678 |
|
| Less Accumulated Amortization (c) |
|
|
(342,397 |
) |
|
|
(329,398 |
) |
| Intangible Assets, Net |
|
$ |
1,864,639 |
|
|
$ |
1,856,280 |
|
|
| |
|
December
31, 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) |
|
|
251,171 |
|
|
|
185,020 |
|
| Intangible Assets, Gross |
|
|
2,185,678 |
|
|
|
2,119,527 |
|
| Less
Accumulated Amortization (c) |
|
|
(329,398 |
) |
|
|
(273,877 |
) |
| Intangible
Assets, Net |
|
$ |
1,856,280 |
|
|
$ |
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 December
31, 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 December 31, 2017, the Company has not recognized any impairment expense related to these assets. |
| |
|
|
| |
(c) |
During the years
ended December 31, 2017 and 2016, the Company recognized $55,521 and $76,356, respectively, in amortization expense related
to the Trademarks, Product Masters, and Other Intangible Assets. |
|
| Schedule of expected future ingtangible asset amortization |
| Fiscal Year: |
|
|
|
|
| |
2018 |
|
|
$ |
29,139 |
|
| |
2019 |
|
|
|
30,593 |
|
| |
2020 |
|
|
|
30,013 |
|
| |
2021 |
|
|
|
7,399 |
|
| |
2022 |
|
|
|
1,861 |
|
| |
Remaining |
|
|
|
4,277 |
|
| |
Total |
|
|
$ |
103,282 |
|
|
| Fiscal
Year: |
|
|
|
| 2018 |
|
$ |
42,137 |
|
| 2019 |
|
|
30,593 |
|
| 2020 |
|
|
30,013 |
|
| 2021 |
|
|
7,399 |
|
| 2022 |
|
|
1,861 |
|
| Remaining |
|
|
4,277 |
|
| Total |
|
$ |
116,280 |
|
|