Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations

v2.3.0.11
Consolidated Statements of Operations (USD $)
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Product Sales $ 1,601,212 $ 791,568 $ 2,602,463 $ 1,684,859
Licensing & Royalties 40,586 44,168 70,282 458,053
Total Revenues 1,641,798 835,736 2,672,745 2,142,912
Cost of Sales (Excluding Depreciation) 1,290,745 575,814 2,024,876 1,129,722
Gross Profit 351,053 259,922 647,869 1,013,190
Operating Expenses:        
Product Development 2,622 2,156 8,302 7,419
Professional Services 30,693 77,907 104,568 144,767
Rent Expense 9,431 26,321 18,863 58,643
Marketing & Sales 239,563 142,120 429,120 506,672
Depreciation & Amortization 36,974 54,265 75,689 109,094
Salaries and Related Expenses 437,973 327,949 847,337 634,236
Stock Compensation Expense 61,419 304,596 123,379 306,367
Other General & Administrative 182,026 71,844 258,430 144,888
Total Operating Expenses 1,000,701 1,007,158 1,865,688 1,912,086
Loss from Operations (649,648) (747,236) (1,217,819) (898,896)
Other Income (Expense):        
Other Income 86 10,641 171 21,059
Interest Expense (3,987) 0 (5,147) (1,145)
Interest Expense - Related Parties (5,978) (29,733) (38,033) (63,594)
Gain (loss) on extinguishment of debt 76,280 0 76,280 0
Net Other Income (Expense) 66,401 (19,092) 33,271 (43,680)
Loss before Income Tax Expense and Noncontrolling Interest (583,247) (766,328) (1,184,548) (942,576)
Income Tax Expense 0 0 0 0
Net Loss (583,247) (766,328) (1,184,548) (942,578)
Acquisition of minority interest 0 0 (5,366) 0
Net Loss attributable to Noncontrolling Interest 0 977 0 4,421
Net Loss attributable to Genius Brands International, Inc. $ (583,247) $ (765,351) $ (1,189,914) $ (938,155)
Net Loss per common share $ (0.01) $ (0.01) $ (0.02) $ (0.02)
Weighted average shares outstanding 62,312,162 59,490,691 63,277,002 56,215,116