Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current Assets:    
Cash and Cash Equivalents $ 305,121 $ 2,684,483
Restricted Cash 0 400,543
Accounts Receivable, net 4,101,679 2,160,296
Other Receivable 0 20,902
Inventory 9,277 15,816
Prepaid and Other Assets 230,172 297,542
Total Current Assets 4,646,249 5,579,582
Property and Equipment, net 64,876 75,634
Right Of Use Assets, net 4,009,837 0
Film and Television Costs, net 9,906,885 8,166,131
Lease Deposits 368,001 325,000
Intangible Assets, net 51,583 89,988
Goodwill 10,365,806 10,365,806
Total Assets 29,413,237 24,602,141
Current Liabilities:    
Accounts Payable 946,450 285,563
Accrued Expenses 124,940 52,865
Participations Payable 2,271,613 1,078,557
Deferred Revenue 664,887 874,503
Senior Secured Convertible Notes, net 2,373,952 1,831,847
Lease Liability 598,747 0
Due To Related Party 1,084,315 346,759
Accrued Salaries and Wages 231,481 137,825
Total Current Liabilities 8,296,385 4,607,919
Long Term Liabilities:    
Deferred Revenue 4,444,066 4,051,253
Lease Liability 3,569,345 0
Production Facility, net 3,091,739 2,178,198
Disputed Trade Payable 925,000 925,000
Total Liabilities 20,326,535 11,762,370
Stockholders' Equity    
Preferred Stock, $0.001 par value, 10,000,000 share authorized, 1,097 and 2,120 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 1 2
Common Stock, $0.001 par value, 233,333,334 shares authorized, 21,877,724 and 9,457,859 shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively 21,878 9,458
Additional Paid in Capital 75,117,076 63,537,915
Accumulated Deficit (66,047,135) (50,702,486)
Accumulated Other Comprehensive Loss (5,118) (5,118)
Total Stockholders' Equity 9,086,702 12,839,771
Total Liabilities and Stockholders' Equity $ 29,413,237 $ 24,602,141