Kartoon Studios, Inc. Annual report pursuant to Section 13 and 15(d)

14. Warrants (Tables)

12 Months Ended

Dec. 31, 2019

	Warrants 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, 2017		3,414,389		$	3.30 - 6.00		4.21 years	$	3.92		–
Warrants Granted		2,485,000		$	3.00		4.46 years	$	3.00		–
Warrants Exercised		–		$	–		–	$	–		–
Warrants Expired		–		$	–		–	$	–		–
Balance at December 31, 2018		5,899,389		$	3.00 - 6.00		3.74 years	$	–		–

Exercisable December 31, 2017		3,414,389		$	3.30 - 6.00		4.21 years	$	3.92		–
Exercisable December 31, 2018		5,899,389		$	3.30 - 6.00		3.74 years	$	3.53		–


Balance at December 31, 2018		5,899,389		$	3.30 - 6.00		3.74 years	$	3.53		–
Warrants Granted		9,917,047		$	0.30 - 2.55		5.39 years	$	0.35		–
Warrants Exercised		(4,592,029	)	$	2.12 - 3.90		2.77 years	$	2.77		–
Warrants Expired		(100,002	)	$	6.00		–	$	6.00		–
Balance at December 31, 2019		11,124,405		$	0.30 - 6.00		4.37 years	$	1.74		–

Exercisable December 31, 2018		5,899,389		$	3.30 - 6.00		3.74 years	$	3.53		–
Exercisable December 31, 2019		7,176,620		$	0.76 - 6.00		3.77 years	$	2.52		–