v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 2,760,048 $ 305,121
Restricted Cash 2,938,114 4,101,679
Accounts Receivable, net 4,000,000
Inventory 9,277 9,277
Prepaid and Other Assets 384,638 230,172
Total Current Assets 10,092,077 4,646,249
Property and Equipment, net 51,339 64,876
Right Of Use Assets, net 3,901,592 4,009,837
Film and Television Costs, net 9,870,922 9,906,885
Lease Deposits 368,001 368,001
Intangible Assets, net 40,792 51,583
Goodwill 10,365,806 10,365,806
Total Assets 34,690,529 29,413,237
Current Liabilities:    
Accounts Payable 820,813 946,450
Accrued Expenses 252,636 124,940
Participations Payable 2,361,769 2,271,613
Deferred Revenue 670,239 664,887
Senior Secured Convertible Notes, net 0 0
Secured Convertible Notes, net 0 2,373,952
Warrant Derivative Liability 14,197,813 0
Lease Liability 645,358 598,747
Due To Related Party 72,812 1,084,315
Accrued Salaries and Wages 269,460 231,481
Total Current Liabilities 19,290,900 8,296,385
Long Term Liabilities:    
Deferred Revenue 4,338,476 4,444,066
Lease Liability 3,454,155 3,569,345
Production Facility, net 2,294,130 3,091,739
Disputed Trade Payable 925,000 925,000
Total Liabilities 30,302,661 20,326,535
Stockholders' Equity    
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 431 and 1,097 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 0 1
Common Stock, $0.001 par value, 233,333,334 shares authorized 29,592,229 and 21,877,724 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively 29,593 21,878
Additional Paid in Capital 76,246,472 75,117,076
Accumulated Deficit (71,883,079) (66,047,135)
Accumulated Other Comprehensive Loss (5,118) (5,118)
Total Stockholders' Equity 4,387,868 9,086,702
Total Liabilities and Stockholders' Equity $ 34,690,529 $ 29,413,237

Source