Quarterly report pursuant to sections 13 or 15(d)

Consolidated Balance Sheets

v2.3.0.11
Consolidated Balance Sheets (USD $)
Sep. 30, 2011
Dec. 31, 2010
Current Assets:    
Cash $ 238,879 $ 207,880
Accounts Receivable, net 885,068 1,077,685
Inventory 377,330 247,505
Prepaid and Other Assets 90,376 55,376
Total Current Assets 1,591,653 1,588,446
Property and Equipment, net 33,287 35,168
Capitalized Product Development in Process 289,378 128,523
Intangible Assets, net 395,449 547,611
Total Assets 2,309,767 2,299,748
Current Liabilities:    
Accounts Payable 755,182 948,428
Accrued Expenses 325,466 221,739
Accrued Salaries and Wages 191,264 62,551
Accrued Interest - Debentures 19,049 19,049
Total Current Liabilities 1,290,961 1,251,767
Long Term Liabilities:    
Notes Payable – Related Parties and Accrued Interest 2,112,759 2,339,197
Total Liabilities 3,403,720 3,590,964
Common Stock, $0.001 par value, 250,000,000 shares authorized; 60,448,815 and 55,116,515 shares issued and outstanding, respectively 60,449 55,117
Additional Paid in Capital 6,869,548 5,421,823
Accumulated Deficit (8,018,787) (6,768,156)
Total Genius Brands International, Inc. Stockholders’ Equity (Deficit) (1,088,790) (1,291,216)
Noncontrolling Interest (5,163)  
Total Equity (1,093,953) (1,291,216)
Total Liabilities & Stockholders’ Equity (Deficit) $ 2,309,767 $ 2,299,748