Quarterly report pursuant to Section 13 or 15(d)

Consolidated Balance Sheets (unaudited)

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Consolidated Balance Sheets (unaudited) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Current Assets:    
Cash and Cash Equivalents $ 2,147,931 $ 4,301,099
Accounts Receivable, net 263,916 208,486
Inventory, net 14,046 11,691
Prepaid and Other Assets 191,565 217,622
Total Current Assets 2,617,458 4,738,898
Property and Equipment, net 166,773 32,420
Film and Television Costs 903,634 303,953
Capitalized Product Development in Process 0 7,500
Intangible Assets, net 1,937,337 1,876,438
Goodwill 10,365,805 10,365,805
Investment in Stan Lee Comics, LLC 0 0
Total Assets 15,991,007 17,325,014
Current Liabilities:    
Accounts Payable 346,320 312,728
Accrued Expenses 409,512 283,582
Deferred Revenue and Advances 290,999 242,160
Accrued Salaries and Wages 85,620 50,288
Disputed Trade Payable 925,000 [1] 925,000
Short Term Debt - Related Party 411,521 411,008
Total Current Liabilities 2,468,972 2,224,766
Long Term Liabilities:    
Deferred Revenue and Advances 715,598 640,417
Services Advance 1,489,583 739,583
Total Liabilities 4,674,153 3,604,766
Stockholders' Equity    
Preferred Stock, $0.001 par value, 10,000,000 share authorized, respectively; 5,690 and 6,000 shares issued and outstanding, respectively 6 6
Common Stock, $0.001 par value, 700,000,000 shares authorized, respectively; 6,529,450 and 6,374,450 shares issued and outstanding, respectively 6,530 6,375
Additional Paid in Capital 34,884,910 34,866,521
Accumulated Deficit (23,574,592) (21,152,654)
Total Equity 11,316,854 13,720,248
Total Liabilities and Stockholders' Equity $ 15,991,007 $ 17,325,014
[1] As part of the Merger, the Company assumed certain liabilities from a previous member of A Squared which has claimed certain liabilities totaling $925,000. The Company disputes the basis for this liability.