Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (Unaudited)

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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities:    
Net Loss $ (1,316,234) $ (1,649,310)
Adjustments to reconcile net loss to net cash (used in)/provided by operating activities:    
Amortization of Film and Television Costs 4,605 117,513
Depreciation Expense 16,933 16,635
Amortization Expense 17,697 19,131
Imputed Interest Expense 0 6,141
Stock Issued for Services 100,000 24,000
Stock Compensation Expense 221,992 564,985
Gain on Distribution Contracts 0 (9,510)
Gain on Foreign Currency Translation 0 (405)
Decrease (increase) in operating assets    
Accounts Receivable (319,161) (179,507)
Inventory (16,010) (177)
Prepaid Expenses & Other Assets (60,642) (155,437)
Film and Television Costs, net (937,535) (170,594)
Increase (decrease) in operating liabilities    
Accounts Payable (322,236) 248,628
Accrued Salaries 27,102 11,258
Deferred Revenue and Advances 230,157 1,934,242
Other Accrued Expenses 7,122 (70,482)
Net cash (used in)/provided by operating activities (2,346,210) 707,111
Cash Flows from Investing Activities:    
Investment in Intangible Assets 0 (1,850)
Net cash used in investing activities 0 (1,850)
Cash Flows from Financing Activities:    
Proceeds from Warrant Exchange, Net of Offering Costs 3,400,658 0
Proceeds from Production Facility 1,284,728 0
Net cash provided by financing activities 4,685,386 0
Net Increase in Cash, Cash Equivalents, and Restricted Cash 2,339,176 705,261
Beginning Cash, Cash Equivalents, and Restricted Cash 2,887,921 5,187,620
Ending Cash, Cash Equivalents, and Restricted Cash 5,227,097 5,892,881
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 853 0
Schedule of non-cash financing and investing activites:    
Issuance of Common Stock to Sony Pictures Home Entertainment, Inc. $ 1,489,583 $ 0