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

Quarterly report pursuant to Section 13 or 15(d)

12. Short Term Debt - Related Parties

12. Short Term Debt - Related Parties	9 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]
Short Term Debt - Related Parties	As part of the Merger, the Company acquired certain liabilities from A Squared. From time to time, A Squared required short-term advances to fund its operations and provide working capital from its founder, the Company’s current Chief Executive Officer, Andrew Heyward. As of September 30, 2014, these advances totaled $411,642, compared to $516,659 as of December 31, 2013. During the nine months ended September 30, 2014, the Company repaid a portion of the advances to its Chief Executive Officer, Andrew Heyward, in the amount of $105,017. These advances are interest free and have no stated maturity. The Company has applied an imputed interest rate of 6% in accordance with ASC 835-30-45. During the three and nine months ended September 30, 2014, the Company recognized imputed interest expense of $6,241 and $19,611 as a contribution to additional paid-in capital, respectively.

12. Short Term Debt - Related Parties

9 Months Ended

Sep. 30, 2014

As part of the Merger, the Company acquired certain liabilities from A Squared. From time to time, A Squared required short-term advances to fund its operations and provide working capital from its founder, the Company’s current Chief Executive Officer, Andrew Heyward. As of September 30, 2014, these advances totaled $411,642, compared to $516,659 as of December 31, 2013. During the nine months ended September 30, 2014, the Company repaid a portion of the advances to its Chief Executive Officer, Andrew Heyward, in the amount of $105,017.

These advances are interest free and have no stated maturity. The Company has applied an imputed interest rate of 6% in accordance with ASC 835-30-45. During the three and nine months ended September 30, 2014, the Company recognized imputed interest expense of $6,241 and $19,611 as a contribution to additional paid-in capital, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details