v3.19.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities:    
Net Loss $ (9,003,901) $ (4,908,736)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 1,079,723 2,534,835
Depreciation and Amortization Expense 88,309 125,918
Accretion of Discount on Preferred Convertible Notes 678,015 0
Bad Debt Expense 2,400 66,502
Stock Issued for Services 322,605 130,000
Stock Compensation Expense (16,588) 663,958
Loss on Impairment of Assets 1,740,000 0
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 2,418,706 (4,527,354)
Other Receivable 235,970 (256,872)
Inventory, net 1,773 (11,027)
Prepaid Expenses & Other Assets (18,049) 94,577
Lease Deposits (325,000) 0
Film and Television Costs, net (5,025,236) (2,825,426)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable 241,537 (266,645)
Accrued Salaries and Wages (30,724) 35,722
Deferred Revenue and Advances 249,524 489,189
Participations Payable (28,133) 0
Due To Related Parties 346,759 0
Accrued Expenses (965,700) 1,468,489
Net Cash Used in Operating Activities (8,008,010) (7,186,870)
Cash Flows from Investing Activities:    
Investment in Intangible Assets, net (21,358) (44,793)
Investment in Property and Equipment, net (21,627) (62,400)
Net Cash Used in Investing Activities (42,985) (107,193)
Cash Flows from Financing Activities:    
Proceeds from Warrant Exchange, Net 0 3,401,924
Proceeds from Sale of Common Stock, Net 1,596,341 5,699,534
Proceeds from Senior Secured Convertible Notes, Net 4,186,054 0
Repayment of Production Facility, Net (2,144,445) 2,802,756
Net Cash Provided by Financing Activities 3,637,949 11,904,214
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (4,413,046) 4,610,151
Beginning Cash, Cash Equivalents, and Restricted Cash 7,498,072 2,887,921
Ending Cash, Cash Equivalents, and Restricted Cash 3,085,026 7,498,072
Supplemental Disclosures of Cash Flow Information:    
Cash Paid for Interest 271,244 3,227
Schedule of Non-Cash Financing and Investing Activities    
Issuance of Common Stock for services rendered 1,985,607 0
Issuance of Common Stock in Relation to Sony Transaction 0 1,489,583
Beneficial Conversion Feature $ 353,333 $ 0

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