Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations (Unaudited)

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Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues:    
Licensing & Royalties $ 148,012 $ 152,665
Television & Home Entertainment 203,881 132,214
Product Sales 0 11,755
Total Revenues 351,893 296,634
Cost of Sales 22,362 7,141
Gross Profit 329,531 289,493
Operating Expenses:    
Professional Services 172,693 173,827
Rent Expense 35,007 37,581
Marketing & Sales 261,632 88,175
Amortization of Film & TV Costs 117,513 0
Depreciation & Amortization 35,766 25,610
Salaries and Related Expenses 526,152 490,741
Stock Compensation Expense 564,985 0
Bad Debt Expense (Recovery) 0 (1,550)
Other General and Administrative 267,499 235,711
Total Operating Expenses 1,981,247 1,050,095
Loss from Operations (1,651,716) (760,602)
Other Income (Expense):    
Other Income 60 2,997
Interest Expense (1,428) (413)
Interest Expense - Related Parties (6,141) (6,090)
Gain on Distribution Contracts 9,510 150,000
Unrealized Gain (Loss) on Foreign Currency Translation 405 (5,341)
(Loss) on Impairment of Assets 0 (7,500)
(Loss) on Deferred Financing Costs 0 (9,313)
Net Other Income (Expense) 2,406 124,340
Loss before Income Tax Expense (1,649,310) (636,262)
Income Tax Expense 0 0
Net Loss (1,649,310) (636,262)
Imputed Dividend on Preferred Stock (85,000) 0
Net Loss applicable to common shareholders $ (1,734,310) $ (636,262)
Net Loss per Common Share (Basic and Diluted) $ (.15) $ (.10)
Weighted Average Shares Outstanding (Basic and Diluted) 11,316,153 6,374,450