v3.19.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities:    
Net Loss $ (6,722,632) $ (3,453,247)
Adjustments to reconcile net loss to net cash Provided in Operating Activities:    
Amortization of Film and Television Costs 621,986 765,139
Depreciation and Amortization Expense 126,877 51,975
Accretion of Discount on Preferred Convertible Notes 390,260 0
Bad Debt 0 2,400
Stock Issued for Services 129,511 0
Stock Compensation Expense 93,156 68,722
Loss on Extinguished Debt 3,352,155 0
Decrease (Increase) in Operating Assets    
Accounts Receivable, net 933,175 1,604,042
Other Receivable 17,700 256,872
Inventory, net 3,150 1,245
Prepaid Expenses & Other Assets (181,057) 14,914
Lease Deposits (67,523) (325,000)
Film and Television Costs, net (1,583,497) (1,648,181)
Increase (Decrease) in Operating Liabilities    
Accounts Payable (142,285) (43,156)
Accrued Salaries and Wages 119,359 (28,197)
Deferred Revenue 81,533 135,774
Participations Payable 1,374 0
Due To Related Party 55,019 0
Accrued Expenses 221,599 (768,739)
Net Cash Used in Operating Activities (2,550,140) (3,365,437)
Cash Flows from Investing Activities:    
Investment in Intangible Assets, net 0 (21,357)
Investment in Property and Equipment (14,331) (9,057)
Net Cash Used in Investing Activities (14,331) (30,414)
Cash Flows from Financing Activities:    
Lease Liability (81,685) 0
Proceeds from Sale of Common Stock, Net 1,757,552 1,596,342
Borrowing (Repayment) of Production Facility, Net 434,912 (2,173,130)
Net Cash Provided by (used in) Financing Activities 2,110,779 (576,788)
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (453,692) (3,972,639)
Beginning Cash, Cash Equivalents, and Restricted Cash 3,085,026 7,498,072
Ending Cash, Cash Equivalents, and Restricted Cash 2,631,334 3,525,433
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 193,252 0
Schedule of non-cash financing and investing activites:    
Issuance of Common Stock for production services 23,301 780,000
Beneficial Conversion Feature $ 322,240 $ 0

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