Post-effective amendment to a registration statement that is not immediately effective upon filing

5. Goodwill and Intangible Assets, Net (Tables)

v3.8.0.1
5. Goodwill and Intangible Assets, Net (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Goodwill And Intangible Assets Net    
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