Kartoon Studios, Inc. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

Note 9: Warrants

Note 9: Warrants

6 Months Ended

Jun. 30, 2011

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Note 9: Warrants

During the three months ended June 30, 2011, no new warrants were issued.

The following schedule summarizes the changes in the Company’s warrants for the six months ended June 30, 2011:

	Number		Exercise		Weighted Average
	of		Price		Exercise Price
	Warrants		per Share		per Share
Exercisable December 31, 2010		471,108	$	0.40	$	0.40
Warrants Granted		-		-		-
Warrants Exercised		-		-		-
Warrants Expired		-		-		-
Balance at June 30, 2011		471,108	$	0.40	$	0.40

Exercisable June 30, 2011		471,108	$	0.40	$	0.40

The following schedule summarizes the outstanding warrants at June 30, 2011:

Number of Warrants Outstanding at June 30, 2011		Number of Warrants Exercisable at June 30, 2011		Expiration Date		Exercise Price
471,108		471,108		2013		$	0.40

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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