Quarterly report pursuant to sections 13 or 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Product Sales $ 1,001,251 $ 893,292
Licensing & Royalties 29,696 413,885
Total Revenues 1,030,947 1,307,177
Cost of Sales (Excluding Depreciation) 734,131 553,908
Gross Profit 296,816 753,269
Product Development 5,680 5,263
Professional Services 73,875 66,860
Rent Expense 9,432 32,321
Marketing & Sales 189,557 364,551
Depreciation & Amortization 38,715 54,830
Salaries and Related Expenses 409,364 306,289
Stock Compensation Expense 61,960 1,771
Other General & Administrative 75,404 73,044
Total Operating Expenses 863,987 904,929
Loss from Operations (567,171) (151,660)
Other Income 85 10,416
Interest Expense (1,160) (1,145)
Interest Expense – Related Parties (32,055) (33,861)
Net Other Income (Expense) (33,130) (24,590)
Loss before Income Tax Expense and Noncontrolling Interest (600,301) (176,250)
Income Tax Expense    
Net Loss (600,301) (176,250)
Acquisition of minority interest (5,366)  
Net Loss attributable to Noncontrolling Interest   3,444
Net Loss attributable to Genius Brands International, Inc. $ (605,667) $ (172,806)
Net Loss per common share (in Dollars per share) $ (0.01) $ 0.00
Weighted average shares outstanding (in Shares) 60,698,815 55,116,515