Kartoon Studios, Inc. Quarterly report pursuant to Section 13 or 15(d)

15. Stock Options (Tables)

9 Months Ended

Sep. 30, 2020

The fair value of these options was determined to be $2,649,379 using the Black-Scholes option pricing model based on the following assumptions:

The following table summarizes the changes in the Company’s stock option plan during the nine months ended September 30, 2020:

	Options Outstanding Number Of Shares		Exercise Prices Per Share		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price Per Share		Aggregate Intrinsic Value
Balance at December 31, 2019		1,289,866	$	1.99 - 12.00		6.49 years	$	7.18		–
Options Granted		630,000	$	2.61 - 10.00		4.74 years	$	5.08		–
Options Exercised		–	$	–		–	$	–		–
Options Cancelled		2,000	$	1.99		3.44 years	$	1.99		–
Options Expired		–	$	–		–	$	–		–
Balance at September 30, 2020		1,917,866	$	1.99 - 10.00		2.01 years	$	3.49		–

Exercisable December 31, 2019		1,176,416	$	1.99 - 9.00		6.25 years	$	7.67		–
Exercisable September 30, 2020		1,321,142	$	1.99 - 3.17		0.87 years	$	2.69		–