v3.21.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net Loss $ (401,669,805) $ (11,481,245)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 979,598 2,230,024
Depreciation and Amortization Expense 379,432 341,072
Accretion of Discount on Secured Convertible Notes (7,288) 274,751
Bad Debt Expense 43,676 0
Stock Issued for Services 338,501 163,799
Share Based Compensation Expense 8,929,445 184,259
Warrant Revaluation Expense 210,895,356 182,075
Loss On Lease Termination 338,586 0
Loss On Extinguishment of Debt 0 4,432,819
Conversion Option Revaluation Expense 171,835,729 0
Debt Discount in Excess of the Principal 1,031,852 0
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 2,328,760 (1,941,383)
Other Receivable 0 20,902
Inventory, net 9,277 6,539
Prepaid Expenses (357,369) 67,370
Lease Deposits 325,000 (43,001)
Film and Television Costs, net (2,901,207) (2,757,077)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (388,814) 250,487
Accrued Salaries & Wages 197,441 93,656
Deferred Revenue and Advances (676,576) 183,197
Participations Payable 888,403 1,193,056
Due To Related Party (581,895) 237,556
Accrued Expenses 217,183 109,994
Net Cash Used in Operating Activities (7,844,715) (6,251,150)
Cash Flows from Investing Activities:    
Investment in Stan Lee Universe, LLC (1,000,000) 0
Investment in Chizcom Entities (300,798) 0
Investment in Intangible Assets, net (26,499) 0
Investment in Property & Equipment (75,893) (26,976)
Net Cash Used in Investing Activities (1,403,190) (26,976)
Cash Flows from Financing Activities:    
Payments On Lease Liability (209,161) (148,904)
Proceeds from Sale of Securities Purchase Agreement, net 98,583,549 3,021,552
Proceeds From Warrant Exchange 5,874,329 1,345,368
Proceeds from Senior Secured Convertible Notes, net 6,098,000 0
Proceeds from Payroll Protection Program 366,267 0
Collection Of Investor Notes 3,600,000 0
Repayment of Secured Convertible Notes (2,866,664) (1,633,336)
Note Conversion Costs (55,186) 0
Repayment of Production Facility, net (1,992,026) 913,541
Net Cash Provided by Financing Activities 109,399,108 3,498,221
Net Increase/(Decrease) in Cash and Cash Equivalents 100,151,203 (2,779,905)
Beginning Cash and Cash Equivalents 305,121 3,085,026
Ending Cash and Cash Equivalents 100,456,324 305,121
Supplemental Disclosures of Cash Flow Information:    
Cash Paid for Interest 470,129 516,963
Schedule of non-cash financing and investing activites:    
Issuance of Common Stock for production services 0 803,300
Beneficial Conversion Feature 0 2,008,907
Capitalization of Operating Lease Right to Use Asset 0 2,245,093
Senior Convertible notes were converted into 65,476,190 shares of Common Stock 58,522,601 warrants were exercised on a cashless basis resulting in the issuance of 52,551,716 shares of Common Stock $ 13,750,000 $ 0

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