Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flows from Operating Activities:    
Net Loss $ (1,263,464) $ (1,316,234)
Adjustments to reconcile net loss to net cash Provided in Operating Activities:    
Amortization of Film and Television Costs 26,738 4,605
Depreciation and Amortization Expense 32,274 34,630
Bad Debt Expense 2,400 0
Stock Issued for Services 0 100,000
Stock Compensation Expense 47,852 221,992
Decrease (Increase) in Operating Assets    
Accounts Receivable, net 1,139,019 (319,161)
Other Receivables 256,872 0
Inventory 536 (16,010)
Prepaid Expenses & Other Assets (49,474) (60,642)
Lease Deposits (358,103) 0
Film and Television Costs, net (928,289) (937,535)
Increase (Decrease) in Operating Liabilities    
Accounts Payable (91,877) (322,236)
Accrued Salaries 5,678 27,102
Deferred Revenue and Advances 59,607 230,157
Other Accrued Expenses (93,876) 7,122
Net Cash Used in Operating Activities (1,214,107) (2,346,210)
Cash Flows from Investing Activities:    
Investment in Intangible Assets (21,358) 0
Investment in Fixed Assets (2,314) 0
Net Cash Used in Investing Activities (23,672) 0
Cash Flows from Financing Activities:    
Proceeds from Warrant Exchange, Net 0 3,400,658
Proceeds from Sale of Common Stock, net 1,596,340 0
Repayment of Production Facility, net (1,633,323) 1,284,728
Net Cash (Used in) Provided by Financing Activities (36,983) 4,685,386
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (1,274,762) 2,339,176
Beginning Cash, Cash Equivalents, and Restricted Cash 7,498,072 2,887,921
Ending Cash, Cash Equivalents, and Restricted Cash 6,223,310 5,227,097
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 0 853
Schedule of non-cash financing and investing activites:    
Issuance of Common Stock for services rendered 780,000 0
Issuance of Common Stock in Relation to Sony Transaction $ 0 $ 1,489,583