Kartoon Studios, Inc. Quarterly report pursuant to Section 13 or 15(d)

3. Business Combination (Details-proforma revenue) (USD $)

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

$ 217,196

$ 698,856

$ 393,478

$ 1,443,867

$ (1,140,629)

$ (1,329,469)

^[1]

$ (1,994,792)

$ (2,824,964)

^[2]

[1]	Net loss during the three months ended June 30, 2013 includes merger related costs of $339,180 as well as the elimination of interest expense of $155,483 and gain on derivative valuation of $103,619.
[2]	Net loss during the six months ended June 30, 2013 includes merger related costs of $339,180 as well as the elimination of interest expense of $310,742 and gain on derivative valuation of $10,757.