v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities:    
Net Loss $ (5,835,944) $ (5,007,482)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities:    
Amortization of Film and Television Costs 106,614 429,183
Depreciation and Amortization Expense 132,573 72,471
Accretion of Discount on Secured Convertible Notes (7,288) 390,260
Stock Issued for Services 28,000 71,968
Stock Compensation Expense 23,814 35,749
Warrant Revaluation Expense 3,467,961 0
Debt Discount in Excess of the Principal 631,852 0
Loss On Extinguished Debt 0 3,352,155
Decrease (Increase) in Operating Assets:    
Accounts Receivable, net 1,163,565 499,739
Other Receivable 0 (25,520)
Inventory 0 278
Prepaid Expenses & Other Assets (154,466) (216,714)
Lease Deposits 0 (67,523)
Film and Television Costs, net (70,651) (660,486)
Increase (Decrease) in Operating Liabilities:    
Accounts Payable (125,637) (168,556)
Accrued Salaries & Wages 37,979 160,706
Deferred Revenue (100,238) (438,777)
Participations Payable 90,156 4,774
Due To Related Party (511,503) 102,563
Accrued Expenses 127,696 251,972
Net Cash Used in Operating Activities (995,517) (1,213,240)
Cash Flows from Investing Activities:    
Investment in Intangible Assets, net 0 (4,423)
Net Cash Used in Investing Activities 0 (4,423)
Cash Flows from Financing Activities:    
Payments on Lease Liability (68,579) (49,189)
Proceeds from Sale of Securities Purchase Agreement, net 915,296 1,757,552
Proceeds From Warrant Exchange 170,000 0
Proceeds from Senior Secured Convertible Notes, net 6,098,000 0
Repayment on Secured Convertible Notes (2,866,664) 0
Proceeds/(Repayment) on Production Facility, Net (797,609) 454,628
Net Cash Provided by Financing Activities 3,450,444 2,162,991
Net Decrease in Cash, Cash Equivalents, and Restricted Cash 2,454,927 945,328
Beginning Cash, Cash Equivalents, and Restricted Cash 305,121 3,085,026
Ending Cash, Cash Equivalents, and Restricted Cash 2,760,048 4,030,354
Supplemental Disclosures of Cash Flow Information:    
Cash Paid for Interest 23,562 110,486
Schedule of non-cash financing and investing activites:    
Warrant Derivative Liability 10,229,852 0
Beneficial Conversion Feature $ 0 $ 322,240

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