Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Total Revenues $ 3,468,996 $ 523,175 $ 5,154,191 $ 692,799
Operating Expenses:        
Marketing and Sales 97,541 92,946 405,751 334,302
Direct Operating Costs 2,841,358 476,199 3,929,187 1,206,147
General and Administrative 2,092,734 1,207,894 5,298,865 3,858,650
Total Operating Expenses 5,031,633 1,777,039 9,633,803 5,399,099
Loss from Operations (1,562,637) (1,253,864) (4,479,612) (4,706,300)
Other Income (Expense):        
Other Income 1,294 9,489 17,081 9,769
Loss on Extinguished Debt (1,080,664) 0 (4,432,819) 0
Other Income - Sub-Lease 117,416 0 314,869 0
Interest Expense (30,642) (577,477) (697,386) (578,570)
Net Other Income (Expense) (992,596) (567,988) (4,798,255) (568,801)
Loss before Income Tax Expense (2,555,233) (1,821,852) (9,277,867) (5,275,101)
Income Tax Expense 0 0 0 0
Net Loss (2,555,233) (1,821,852) (9,277,867) (5,275,101)
Beneficial Conversion Feature on Preferred Stock (1,686,667) (353,333) (2,008,907) (353,333)
Net Loss Applicable to Common Shareholders $ (4,241,900) $ (2,175,185) $ (11,286,774) $ (5,628,434)
Net Loss per Common Share (Basic and Diluted) $ (0.38) $ (0.24) $ (1.07) $ (0.66)
Weighted Average Shares Outstanding (Basic and Diluted) 11,241,440 9,062,966 10,538,309 8,556,232
Licensing and Royalties [Member]        
Total Revenues $ 174,261 $ 210,675 $ 674,107 $ 302,140
Television and Home Entertainment [Member]        
Total Revenues 3,147,411 196,519 4,292,972 234,474
Advertising Sales [Member]        
Total Revenues 147,034 115,628 184,716 154,563
Product Sales [Member]        
Total Revenues $ 290 $ 353 $ 2,396 $ 1,622