v3.19.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net Loss $ (5,007,482) $ (1,263,464)
Adjustments to reconcile net loss to net cash Provided in Operating Activities:    
Amortization of Film and Television Costs 429,183 26,738
Depreciation and Amortization Expense 72,471 32,274
Accretion of Discount on Preferred Convertible Notes 390,260 0
Bad Debt 0 2,400
Stock Issued for Services 71,968 0
Stock Compensation Expense 35,749 47,852
Loss on Extinguished Debt 3,352,155 0
Decrease (Increase) in Operating Assets    
Accounts Receivable, net 499,739 1,139,019
Other Receivable (25,520) 256,872
Inventory, net 278 536
Prepaid and Other Assets (216,714) (49,474)
Lease Deposits (67,523) (358,103)
Film and Television Costs, net (660,486) (928,289)
Increase (Decrease) in Operating Liabilities    
Accounts Payable (168,556) (91,877)
Accrued Salaries and Wages 160,706 5,678
Deferred Revenue (438,777) 59,607
Participations Payable 4,774 0
Due to Related Parties 102,563 0
Accrued Expenses 251,972 (93,876)
Net Cash Used in Operating Activities (1,213,240) (1,214,107)
Cash Flows from Investing Activities:    
Investment in Intangible Assets, net 0 (21,358)
Investment in Property and Equipment, net (4,423) (2,314)
Net Cash Used in Investing Activities (4,423) (23,672)
Cash Flows from Financing Activities:    
Lease Liability (49,189) 0
Proceeds from Sale of Common Stock, Net 1,757,552 1,596,340
Borrowing (Repayment) of Production Facility, Net 454,628 (1,633,323)
Net Cash Provided by (Used In) Financing Activities 2,162,991 (36,983)
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash 945,328 (1,274,762)
Beginning Cash, Cash Equivalents, and Restricted Cash 3,085,026 7,498,072
Ending Cash, Cash Equivalents, and Restricted Cash 4,030,354 6,223,310
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 110,486 0
Schedule of non-cash financing and investing activites:    
Issuance of Common Stock for services rendered 0 780,000
Beneficial Conversion Feature $ 322,240 $ 0

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