v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net Loss $ (389,093,946) $ (6,722,632)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 292,363 621,986
Depreciation and Amortization Expense 266,417 126,877
Accretion of Discount on Secured Convertible Notes (7,288) 390,260
Bad Debt 99,792 0
Stock Issued for Services 219,000 129,511
Share based compensation 352,311 93,156
Warrant Revaluation Expense 212,228,659 0
Loss on Extinguished Debt 0 3,352,155
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 974,524 933,175
Other Receivable 0 17,700
Inventory, net 9,277 3,150
Prepaid Expenses & Other Assets (300,662) (181,057)
Lease Deposits 0 (67,523)
Film and Television Costs, net (381,777) (1,583,497)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable 126,144 (142,285)
Accrued Salaries & Wages 69,800 119,359
Deferred Revenue 62,290 81,533
Participations Payable 282,406 1,374
Due To Related Party (493,309) 55,019
Accrued Expenses 95,159 221,599
Net Cash Used in Operating Activities (2,331,260) (2,550,140)
Cash Flows from Investing Activities:    
Investment in Intangible Assets, net (500) 0
Investment in Property & Equipment 0 (14,331)
Net Cash Used in Investing Activities (500) (14,331)
Cash Flows from Financing Activities:    
Payments on Lease Liability (105,680) (81,685)
Proceeds from Sale of Securities Purchase Agreement, net 44,755,671 1,757,552
Proceeds From Warrant Exercises 5,819,319 0
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) 0
Note Conversion Costs (55,186) 0
Repayment of Production Facility, Net (1,202,313) 434,912
Net Cash Provided by Financing Activities 56,409,414 2,110,779
Net Increase/(Decrease) in Cash, Cash Equivalents 54,077,654 (453,692)
Beginning Cash, Cash Equivalents, and Restricted Cash 305,121 3,085,026
Ending Cash, Cash Equivalents, and Restricted Cash 54,382,775 2,631,334
Supplemental Disclosures of Cash Flow Information:    
Cash Paid for Interest 468,468 193,252
Schedule of non-cash financing and investing activites:    
Issuance of Common Stock for production services 0 23,301
Beneficial Conversion Feature 0 322,240
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
Issuance of 2,284,172 warrants to purchase Common Stock at $1.39 per share for production Services $ 0 $ 0

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