Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations (unaudited)

v2.4.0.8
Consolidated Statements of Operations (unaudited) (USD $)
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Product Sales $ 86,141 $ 702,812
Television & Home Entertainment 50,462 0
Licensing & Royalties 39,680 31,427
Total Revenues 176,283 734,239
Cost of Sales (Excluding Depreciation) 136,035 647,309
Gross Profit 40,248 86,930
Operating Expenses:    
Product Development 887 26,991
Professional Services 319,870 64,506
Rent Expense 35,815 6,947
Marketing & Sales 37,768 54,719
Depreciation & Amortization 24,539 39,172
Salaries and Related Expenses 308,696 471,147
Stock Compensation Expense 0 58,279
Other General & Administrative 200,721 56,205
Total Operating Expenses 928,296 777,966
Loss from Operations (888,048) (691,036)
Other Income (Expense):    
Other Income 633 16
Interest Expense (2,209) (155,259)
Interest Expense - Related Parties (7,163) (6,724)
Gain (loss) on distribution contracts 2,771 0
Gain (loss) on extinguishment of debt 39,854 0
Gain (loss) on derivative valuation 0 (92,862)
Net Other Income (Expense) 33,886 (254,829)
Loss before Income Tax Expense (854,162) (945,865)
Income Tax Expense 0 0
Net Loss $ (854,162) $ (945,865)
Net Loss per common share $ (0.14) $ (1.31)
Weighted average shares outstanding 6,029,573 722,159