Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.19.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Total Revenues $ 993,452 $ 5,335,728
Operating Expenses:    
Marketing and Sales 738,122 662,373
Direct Operating Costs 1,536,722 4,257,427
General and Administrative 4,982,779 5,329,718
Impairment Loss 1,740,000 0
Total Operating Expenses 8,997,623 10,249,518
Loss from Operations (8,004,171) (4,913,790)
Other Income (Expense):    
Other Income 19,646 8,281
Interest Expense (1,019,376) (3,227)
Net Other Income (Expense) (999,730) 5,054
Loss before Income Tax Expense (9,003,901) (4,908,736)
Income Tax Expense 0 0
Net Loss (9,003,901) (4,908,736)
Beneficial Conversion Feature on Preferred Stock (353,333) 0
Net Loss Applicable to Common Shareholders $ (9,357,234) $ (4,908,736)
Net Loss per Common Share (Basic And Diluted) $ (1.07) $ (0.81)
Weighted Average Shares Outstanding (Basic and Diluted) 8,758,694 6,084,732
Licensing and Royalties [Member]    
Revenues:    
Total Revenues $ 449,385 $ 472,134
Television and Home Entertainment [Member]    
Revenues:    
Total Revenues 323,709 4,815,491
Advertising Sales [Member]    
Revenues:    
Total Revenues 217,999 38,779
Product Sales [Member]    
Revenues:    
Total Revenues $ 2,359 $ 9,324