Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Total Revenues $ 464,263 $ 76,411 $ 1,685,194 $ 169,624
Operating Expenses:        
Marketing and Sales 226,738 180,375 308,209 241,355
Direct Operating Costs 347,773 756,696 1,087,828 729,947
General and Administrative 1,556,611 1,328,303 3,206,131 2,650,755
Total Operating Expenses 2,131,122 2,265,374 4,602,168 3,622,057
Loss from Operations (1,666,859) (2,188,963) (2,916,974) (3,452,433)
Other Income (Expense):        
Other Income 7,027 0 15,788 279
Loss on Extinguished Debt 0 0 (3,352,155) 0
Other Income - Sub-Lease 82,222 0 197,453 0
Interest Expense (137,542) (820) (666,744) (1,093)
Net Other Income (Expense) (48,293) (820) (3,805,658) (814)
Loss before Income Tax Expense (1,715,152) (2,189,783) (6,722,632) (3,453,247)
Income Tax Expense 0 0 0 0
Net Loss (1,715,152) (2,189,783) (6,722,632) (3,453,247)
Beneficial Conversion Feature on Preferred Stock 0 0 (322,240) 0
Net Loss Applicable to Common Shareholders $ (1,715,152) $ (2,189,783) $ (7,044,872) $ (3,453,247)
Net Loss per Common Share (Basic and Diluted) $ (0.16) $ (0.26) $ (0.69) $ (0.42)
Weighted Average Shares Outstanding (Basic and Diluted) 10,447,475 8,445,528 10,180,916 8,298,666
Licensing and Royalties [Member]        
Total Revenues $ 149,659 $ 24,653 $ 499,845 $ 91,465
Television and Home Entertainment [Member]        
Total Revenues 295,454 34,201 1,145,561 37,955
Advertising Sales [Member]        
Total Revenues 17,522 16,926 37,682 38,935
Product Sales [Member]        
Total Revenues $ 1,628 $ 631 $ 2,106 $ 1,269