Annual report pursuant to section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
Dec. 31, 2012
Dec. 31, 2011
Current Assets:    
Cash $ 447,548 $ 405,341
Accounts Receivable, net 1,084,233 1,021,039
Inventory 326,072 340,782
Prepaid and Other Assets 139,983 168,486
Total Current Assets 1,997,836 1,935,648
Property and Equipment, net 23,736 32,894
Capitalized Product Development in Process 246,617 278,696
Intangible Assets, net 356,070 405,019
Debenture Issuance Costs 191,762 0
Total Assets 2,816,021 2,652,257
Current Liabilities:    
Accounts Payable 971,097 1,008,460
Accrued Expenses 496,662 408,684
Accrued Salaries and Wages 516,083 193,519
Accrued Interest - Debentures 45,716 19,049
Derivative Valuation 68,962 0
Total Current Liabilities 2,098,520 1,629,712
Long Term Liabilities:    
Notes Payable (Net of Discount of $485,147 and $0, respectively) 514,853 0
Notes Payable and Accrued Interest - Related Parties 447,891 2,143,178
Total Liabilities 3,061,264 3,772,890
Stockholders' Equity (Deficit)    
Common Stock, $0.001 par value, 250,000,000 shares authorized; 71,912,617 and 60,698,815 shares issued and outstanding, respectively 71,913 60,699
Additional Paid in Capital 9,890,868 6,959,083
Accumulated Deficit (10,208,024) (8,135,049)
Total Genius Brands International, Inc. Stockholders' Equity (Deficit) (245,243) (1,115,267)
Noncontrolling Interest 0 (5,366)
Total Equity (245,243) (1,120,633)
Total Liabilities & Stockholders' Equity (Deficit) $ 2,816,021 $ 2,652,257