Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenues:    
Licensing & Royalties $ 469,527 $ 492,134
Television & Home Entertainment 356,150 400,676
Advertising Sales 27,330 0
Product Sales 13,868 15,173
Total Revenues 866,875 907,983
Expenses:    
Marketing & Sales 1,035,128 420,399
Direct Operating Costs 279,217 200,418
General and Administrative 6,017,391 3,823,510
Total Expenses 7,331,736 4,444,327
Loss from Operations (6,464,861) (3,536,344)
Other Income (Expense):    
Other Income 6,651 18,870
Interest Expense (2,675) (2,576)
Interest Expense - Related Parties (8,503) (24,757)
Gain on Distribution Contracts 258,103 115,811
Loss on Impairment of Assets (1,850) (7,500)
Loss on Deferred Financing Costs 0 (9,313)
Unrealized Loss on Foreign Currency Translation 0 (37,313)
Other Income 251,726 53,222
Loss before Income Tax Expense (6,213,135) (3,483,122)
Income Tax Expense 0 0
Net Loss (6,213,135) (3,483,122)
Beneficial Conversion Feature on Preferred Stock 0 (3,783,850)
Net Loss Applicable to Common Shareholders $ (6,213,135) $ (7,266,972)
Net Loss per Common Share (Basic And Diluted) $ (1.59) $ (2.91)
Weighted Average Shares Outstanding (Basic and Diluted) 3,915,178 2,500,854