v3.21.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 100,456,324 $ 305,121
Accounts Receivable, net 1,731,373 4,101,679
Inventory, net 0 9,277
Prepaid Expenses 6,378,392 230,172
Total Current Assets 108,566,089 4,646,249
Property and Equipment, net 95,828 64,876
Right Of Use Assets, net 1,972,364 4,009,837
Film and Television Costs, net 11,828,494 9,906,885
Lease Deposits 43,001 368,001
Investment in Chizcomm Entities 300,798 0
Investment in Stan Lee Universe, LLC 1,000,000 0
Intangible Assets, net 28,694 51,583
Goodwill 10,365,806 10,365,806
Total Assets 134,201,074 29,413,237
Current Liabilities:    
Accounts Payable 785,526 946,450
Accrued Expenses [1] 408,459 124,940
Participations Payable 3,160,016 2,271,613
Deferred Revenue 684,129 664,887
Secured Convertible Notes, net 0 2,373,952
Payroll Protection Program 366,267 0
Warrant Derivative Liability 1,197,068 0
Lease Liability 146,099 598,747
Due To Related Party 2,420 1,084,315
Accrued Salaries and Wages 428,922 231,481
Total Current Liabilities 7,178,906 8,296,385
Long Term Liabilities:    
Deferred Revenue 3,748,248 4,444,066
Lease Liability 2,052,530 3,569,345
Production Facility, net 1,099,713 3,091,739
Disputed Trade Payable 925,000 925,000
Total Liabilities 15,004,397 20,326,535
Stockholders' Equity    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 0 and 1,097 shares issued and outstanding as of December 30, 2020 and December 31, 2019, respectively 0 1
Common Stock, $0.001 par value, 400,000,000 shares authorized 258,438,514 and 21,877,724 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively 258,439 21,878
Additional Paid in Capital 588,500,680 75,117,076
Accumulated Deficit (469,557,324) (66,047,135)
Accumulated Other Comprehensive Loss (5,118) (5,118)
Total Stockholders' Equity 119,196,677 9,086,702
Total Liabilities and Stockholders' Equity $ 134,201,074 $ 29,413,237
[1] Other Accrued Expenses include the sub lease security deposit liability on the Rodeo Drive location as well as estimates of expenses incurred but not yet recorded.

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