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

Quarterly report pursuant to Section 13 or 15(d)

6. Property and Equipment, Net

6. Property and Equipment, Net

3 Months Ended

Mar. 31, 2015

Property, Plant and Equipment [Abstract]

The Company has property and equipment as follows as of March 31, 2015 and December 31, 2014:

	3/31/2015			12/31/2014
Furniture and Equipment	$	12,385		$	12,385
Computer Equipment		38,713			36,649
Leasehold Improvements		99,778			99,778
Software		15,737			15,737
Construction in Progress		121,105			–
Less Accumulated Depreciation		(143,999	)		(132,129	)
Property and Equipment, Net	$	143,719		$	32,420

During the three months ended March 31, 2015 and 2014, the Company recorded depreciation expense of $11,869 and $12,470, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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