v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net Loss $ (5,275,101) $ (3,732,183)
Adjustments to reconcile net loss to net cash Provided in Operating Activities:    
Amortization of Film and Television Costs 1,033,392 37,935
Depreciation and Amortization Expense 69,530 95,298
Bad Debt Expense and allowance for doubtful accounts 2,400 16,730
Stock Issued for Services 0 130,000
Stock Compensation Expense 113,405 514,108
Accretion of Discount on Secured Convertible Notes 399,123 0
Decrease (Increase) in Operating Assets    
Accounts Receivable 2,054,496 (26,356)
Other Receivables 256,872 (256,872)
Inventory 1,407 (11,940)
Prepaid Expenses & Other Assets (204,437) (73,877)
Lease Deposits (325,000) 0
Film and Television Costs, Net (3,014,150) (1,880,811)
Increase (Decrease) in Operating Liabilities    
Accounts Payable (92,751) (312,516)
Accrued Salaries and wages (36,998) (24,304)
Deferred Revenue and Advances (85,610) 476,655
Participations Payable 304,217 0
Other Accrued Expenses (687,503) 18,323
Net Cash Used in Operating Activities (5,486,708) (5,029,810)
Cash Flows from Investing Activities:    
Investment in Intangible Assets (21,358) 0
Purchase of Fixed Assets (21,628) (47,361)
Net Cash Used in Investing Activities (42,986) (47,361)
Cash Flows from Financing Activities:    
Proceeds from Warrant Exchange, Net 0 3,401,924
Proceeds from Sale of Common Stock, net 1,596,341 0
Proceeds from Senior Secured Convertible Notes, Net 4,186,054 0
(Repayment of) Proceeds from Production Facility, net (2,676,748) 2,034,728
Net Cash Provided by Financing Activities 3,105,647 5,436,652
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (2,424,047) 359,481
Beginning Cash, Cash Equivalents, and Restricted Cash 7,498,072 2,887,921
Ending Cash, Cash Equivalents, and Restricted Cash 5,074,025 3,247,402
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 140,014 2,827
Schedule of non-cash financing and investing activites:    
Issuance of Common Stock for services rendered 1,563,002 0
Issuance of Common Stock in Relation to Sony Transaction 0 1,489,583
Beneficial Conversion Feature 353,333 0
Beneficial Conversion Feature on Secured Convertible Notes 1,561,111 0
Discount on Secured Convertible Notes $ 1,471,111 $ 0

Source