v3.20.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 54,382,775 $ 305,121
Restricted Cash 3,027,363 4,101,679
Accounts Receivable, net 0 0
Inventory 0 9,277
Prepaid and Other Assets 1,050,348 230,172
Total Current Assets 58,460,486 4,646,249
Property and Equipment, net 37,801 64,876
Right Of Use Assets, net 3,792,133 4,009,837
Film and Television Costs, net 9,996,300 9,906,885
Lease Deposits 368,001 368,001
Intangible Assets, net 30,445 51,583
Goodwill 10,365,806 10,365,806
Total Assets 83,050,972 29,413,237
Current Liabilities:    
Accounts Payable 1,072,594 946,450
Accrued Expenses 220,099 124,940
Participations Payable 2,554,019 2,271,613
Deferred Revenue 647,029 664,887
Secured Convertible Notes, net 0 2,373,952
Payroll Protection Program 366,267 0
Warrant Derivative Liability 3,179,569 0
Lease Liability 351,307 598,747
Due To Related Party 91,006 1,084,315
Accrued Salaries and Wages 301,281 231,481
Total Current Liabilities 8,783,171 8,296,385
Long Term Liabilities:    
Deferred Revenue 4,524,214 4,444,066
Lease Liability 3,711,105 3,569,345
Production Facility, net 1,889,426 3,091,739
Disputed Trade Payable 925,000 925,000
Total Liabilities 19,832,916 20,326,535
Stockholders' Equity    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 100 and 1,097 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 0 1
Common Stock, $0.001 par value, 233,333,334 shares authorized 218,856,170 and 21,877,724 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively 218,857 21,878
Additional Paid in Capital 519,985,782 75,117,076
Accumulated Deficit (456,981,465) (66,047,135)
Accumulated Other Comprehensive Income (Loss) (5,118) (5,118)
Total Stockholders' Equity 63,218,056 9,086,702
Total Liabilities and Stockholders' Equity $ 83,050,972 $ 29,413,237

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