Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.20.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues:    
Total Revenues $ 5,907,899 $ 993,452
Operating Expenses:    
Marketing and Sales 730,200 738,122
Direct Operating Costs 4,568,497 1,536,722
General and Administrative 7,115,678 4,982,779
Impairment Loss 0 1,740,000
Total Operating Expenses 12,414,375 8,997,623
Loss from Operations (6,506,476) (8,004,171)
Other Income (Expense):    
Other Income 15,045 19,646
Loss on Extinguished Debt (4,432,819) 0
Warrant Modification Expense (182,075) 0
Sub-Lease Income 432,285 0
Interest Expense (807,205) (1,019,376)
Net Other Income (Expense) (4,974,769) (999,730)
Loss Before Income Tax Expense (11,481,245) (9,003,901)
Income Tax Expense 0 0
Net Loss (11,481,245) (9,003,901)
Beneficial Conversion Feature on Preferred Stock (3,380,289) (353,333)
Net Loss Applicable to Common Shareholders $ (14,861,534) $ (9,357,234)
Net Loss per Common Share (Basic And Diluted) $ (1.25) $ (1.07)
Weighted Average Shares Outstanding (Basic and Diluted) 11,906,578 8,758,694
Licensing and Royalties [Member]    
Revenues:    
Total Revenues $ 864,205 $ 449,385
Television and Home Entertainment [Member]    
Revenues:    
Total Revenues 4,817,072 323,709
Advertising Sales [Member]    
Revenues:    
Total Revenues 223,659 217,999
Product Sales [Member]    
Revenues:    
Total Revenues $ 2,963 $ 2,359