Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.21.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues:    
Total Revenues $ 2,482,127 $ 5,907,899
Operating Expenses:    
Marketing and Sales 817,590 730,200
Direct Operating Costs 2,123,958 4,568,497
General and Administrative 17,422,921 7,115,678
Total Operating Expenses 20,364,469 12,414,375
Loss from Operations (17,882,342) (6,506,476)
Other Income (Expense):    
Interest Income 144,898 15,045
Loss on Extinguished Debt 0 (4,432,819)
Loss on Foreign Exchange 405 0
Loss on Lease Termination (338,586) 0
Warrant Revaluation Expense (210,895,356) (182,075)
Conversion Option Revaluation Expense (171,835,729) 0
Sub-Lease Income 316,762 432,285
Interest Expense (1,179,857) (807,205)
Net Other Income (Expense) (383,787,463) (4,974,769)
Loss Before Income Tax Expense (401,669,805) (11,481,245)
Income Tax Expense 0 0
Net Loss (401,669,805) (11,481,245)
Beneficial Conversion Feature on Preferred Stock 0 (3,380,289)
Net Loss Applicable to Common Shareholders $ (401,669,805) $ (14,861,534)
Net Loss per Common Share (Basic And Diluted) $ (2.82) $ (1.25)
Weighted Average Shares Outstanding (Basic and Diluted) 142,452,393 11,906,578
Licensing and Royalties [Member]    
Revenues:    
Total Revenues $ 761,832 $ 864,205
Television and Home Entertainment [Member]    
Revenues:    
Total Revenues 1,464,635 4,817,072
Advertising Sales [Member]    
Revenues:    
Total Revenues 253,135 223,659
Product Sales [Member]    
Revenues:    
Total Revenues $ 2,525 $ 2,963