Kartoon Studios (TOON) 10-Q 14 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 14, 2020
Cover [Abstract]
Entity Registrant Name	Genius Brands International, Inc.
Entity Central Index Key	0001355848
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity's Reporting Status Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth	false
Entity Shell Company	false
Entity Incorporation, State or Country Code	NV
File Number	000-54389
Entity Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding		219,029,898
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Current Assets:
Cash and Cash Equivalents	$ 54,382,775	$ 305,121
Restricted Cash	3,027,363	4,101,679
Accounts Receivable, net	0	0
Inventory	0	9,277
Prepaid and Other Assets	1,050,348	230,172
Total Current Assets	58,460,486	4,646,249
Property and Equipment, net	37,801	64,876
Right Of Use Assets, net	3,792,133	4,009,837
Film and Television Costs, net	9,996,300	9,906,885
Lease Deposits	368,001	368,001
Intangible Assets, net	30,445	51,583
Goodwill	10,365,806	10,365,806
Total Assets	83,050,972	29,413,237
Current Liabilities:
Accounts Payable	1,072,594	946,450
Accrued Expenses	220,099	124,940
Participations Payable	2,554,019	2,271,613
Deferred Revenue	647,029	664,887
Secured Convertible Notes, net	0	2,373,952
Payroll Protection Program	366,267	0
Warrant Derivative Liability	3,179,569	0
Lease Liability	351,307	598,747
Due To Related Party	91,006	1,084,315
Accrued Salaries and Wages	301,281	231,481
Total Current Liabilities	8,783,171	8,296,385
Long Term Liabilities:
Deferred Revenue	4,524,214	4,444,066
Lease Liability	3,711,105	3,569,345
Production Facility, net	1,889,426	3,091,739
Disputed Trade Payable	925,000	925,000
Total Liabilities	19,832,916	20,326,535
Stockholders' Equity
Preferred Stock, $0.001 par value, 10,000,000 shares authorized, 100 and 1,097 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	0	1
Common Stock, $0.001 par value, 233,333,334 shares authorized 218,856,170 and 21,877,724 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	218,857	21,878
Additional Paid in Capital	519,985,782	75,117,076
Accumulated Deficit	(456,981,465)	(66,047,135)
Accumulated Other Comprehensive Income (Loss)	(5,118)	(5,118)
Total Stockholders' Equity	63,218,056	9,086,702
Total Liabilities and Stockholders' Equity	$ 83,050,972	$ 29,413,237

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	233,333,334	233,333,334
Common Stock, shares issued	218,856,170	21,877,724
Common Stock, shares outstanding	218,856,170	21,877,724
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock shares issued	100	1,097
Preferred stock shares outstanding	100	1,097

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues:
Total Revenues	$ 560,679	$ 464,263	$ 895,418	$ 1,685,194
Operating Expenses:
Marketing and Sales	128,556	226,738	241,256	308,209
Direct Operating Costs	440,015	347,773	667,521	1,087,828
General and Administrative	2,368,834	1,556,611	4,131,416	3,206,131
Total Operating Expenses	2,937,405	2,131,122	5,040,193	4,602,168
Loss from Operations	(2,376,726)	(1,666,859)	(4,144,775)	(2,916,974)
Other Income (Expense):
Interest Income	28,342	7,027	28,342	15,788
Loss on Extinguished Debt	0	0	0	(3,352,155)
Warrant Revaluation Expense	(208,760,698)	0	(212,228,659)	0
Conversion Option Revaluation Expense	(171,835,729)	0	(171,835,729)	0
Sub-Lease Income	117,415	82,222	238,484	197,453
Interest Expense	(430,606)	(137,542)	(1,151,609)	(666,744)
Net Other Income (Expense)	(380,881,276)	(48,293)	(384,949,171)	(3,805,658)
Loss Before Income Tax Expense	(383,258,002)	(1,715,152)	(389,093,946)	(6,722,632)
Income Tax Expense	0	0	0	0
Net Loss	(383,258,002)	(1,715,152)	(389,093,946)	(6,722,632)
Beneficial Conversion Feature on Preferred Stock	0	0	0	(322,240)
Net Loss Applicable to Common Shareholders	$ (383,258,002)	$ (1,715,152)	$ (389,093,946)	$ (7,044,872)
Net Loss per Common Share (Basic And Diluted)	$ (4.88)	$ (0.16)	$ (15.76)	$ (0.69)
Weighted Average Shares Outstanding (Basic and Diluted)	78,503,414	10,447,475	24,690,154	10,180,916
Licensing and Royalties [Member]
Revenues:
Total Revenues	$ 162,759	$ 149,659	$ 366,124	$ 499,845
Television and Home Entertainment [Member]
Revenues:
Total Revenues	326,244	295,454	378,461	1,145,561
Advertising Sales [Member]
Revenues:
Total Revenues	70,357	17,522	149,014	37,682
Product Sales [Member]
Revenues:
Total Revenues	$ 1,319	$ 1,628	$ 1,819	$ 2,106

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net Loss	$ (383,258,002)	$ (1,715,152)	$ (389,093,946)	$ (6,722,632)
Beneficial Conversion Feature on Preferred Stock	0	0	0	(322,240)
Comprehensive Net Loss to Common Shareholders	$ (383,258,002)	$ (1,715,152)	$ (389,093,946)	$ (7,044,872)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Preferred Stock	Additional Paid-In Capital	Accumulated Deficit	Other Comprehensive Loss	Total
Beginning balance, shares at Dec. 31, 2018	9,457,859	2,120
Beginning balance, value at Dec. 31, 2018	$ 9,458	$ 2	$ 63,537,915	$ (50,702,486)	$ (5,118)	$ 12,839,771
Proceeds from Securities Purchase Agreement, Net, shares	945,894
Proceeds from Securities Purchase Agreement, Net, value	$ 946		1,756,606			1,757,552
Cumulative effect of adoption of pronouncements				(4,306)		(4,306)
Warrants Issued As Part Of Debt Extinguishment			1,287,962			1,287,962
Beneficial Conversion Feature Resulting from Debt			(213,700)			(213,700)
Issuance of Common Stock for Services, shares	28,965
Issuance of Common Stock for Services, value	$ 29		71,939			71,968
Share Based Compensation			35,749			35,749
Value of Beneficial Conversion Feature			322,240	(322,240)
Net Loss				(5,007,482)		(5,007,482)
Ending balance, shares at Mar. 31, 2019	10,432,718	2,120
Ending balance, value at Mar. 31, 2019	$ 10,433	$ 2	66,798,711	(56,036,514)	(5,118)	10,767,514
Issuance of Common Stock for Services, shares	43,022
Issuance of Common Stock for Services, value	$ 43		80,800			80,843
Share Based Compensation			57,407			57,407
Net Loss				(1,715,152)		(1,715,152)
Ending balance, shares at Jun. 30, 2019	10,475,740	2,120
Ending balance, value at Jun. 30, 2019	$ 10,476	$ 2	66,936,918	(57,751,666)	(5,118)	9,190,612
Beginning balance, shares at Dec. 31, 2019	21,877,724	1,097
Beginning balance, value at Dec. 31, 2019	$ 21,878	$ 1	75,117,076	(66,047,135)	(5,118)	9,086,702
Conversion of Preferred Stock, shares converted	3,171,428	(667)
Conversion of Preferred Stock, value converted	$ 3,172	$ (1)	(3,171)
Proceeds from Securities Purchase Agreement, Net, shares	4,000,000
Proceeds from Securities Purchase Agreement, Net, value	$ 4,000		911,296			915,296
Proceeds From Warrant Exchange, shares	500,000
Proceeds From Warrant Exchange, value	$ 500		169,500			170,000
Issuance of Common Stock for Services, shares	43,077
Issuance of Common Stock for Services, value	$ 43		27,957			28,000
Share Based Compensation			23,814			23,814
Net Loss				(5,835,944)		(5,835,944)
Ending balance, shares at Mar. 31, 2020	29,592,229	430
Ending balance, value at Mar. 31, 2020	$ 29,593	$ 0	76,246,472	(71,883,079)	(5,118)	4,387,868
Conversion of Preferred Stock, shares converted	1,571,430	(330)
Conversion of Preferred Stock, value converted	$ 1,571	$ 0	(1,571)
Proceeds from Securities Purchase Agreement, Net, shares	47,500,000
Proceeds from Securities Purchase Agreement, Net, value	$ 47,500		43,792,875			43,840,375
Issuance of Common Stock for Services, shares	49,610
Issuance of Common Stock for Services, value	$ 50		190,950			191,000
Share Based Compensation			328,497			328,497
Derivative Liability Adjustment			171,835,729			171,835,729
Note Conversion, shares	65,476,190
Note Conversion, value	$ 65,476		(120,662)			(55,186)
Warrant Exercise, shares	74,666,711
Warrant Exercise, value	$ 74,667		8,159,358	(1,840,384)		6,393,641
Warrant Revaluation, amount			219,034,621			219,034,621
Warrants Issued For Services, value			519,513			519,513
Net Loss				(383,258,002)		(383,258,002)
Ending balance, shares at Jun. 30, 2020	218,856,170	100
Ending balance, value at Jun. 30, 2020	$ 218,857	$ 0	$ 519,985,782	$ (456,981,465)	$ (5,118)	$ 63,218,056

Condensed Consolidated Statem_3

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

1. Organization and Business

1. Organization and Business	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Organization and Business	Note 1: Organization and Business Organization and Nature of Business Genius Brands International, Inc. (“we,” “us,” “our,” or the “Company”) is a global content and brand management company that creates and licenses multimedia content. Led by experienced industry personnel, we distribute our content in all formats as well as a broad range of consumer products based on our characters. In the children's media sector, our portfolio features “content with a purpose” for toddlers to tweens, which provides enrichment as well as entertainment. New intellectual property titles include the preschool property Rainbow Rangers Llama Llama, Baby Genius ® Secret Millionaires Club, Stan Lee’s Superhero Kindergarten In addition, we act as licensing agent for Penguin Young Readers, a division of Penguin Random House LLC who owns or controls the underlying rights to Llama Llama The Company commenced operations in 2006, assuming all the rights and obligations of its then Chief Executive Officer, under an Asset Purchase Agreement between the Company and Genius Products, Inc., in which the Company obtained all rights, copyrights, and trademarks to the brands “Baby Genius,” “Kid Genius,” “123 Favorite Music” and “Wee Worship,” and all then existing productions under those titles. In 2011, the Company reincorporated in Nevada and changed its name to Genius Brands International, Inc. (the “Reincorporation”). In connection with the Reincorporation, the Company changed its trading symbol to “GNUS.” In 2013, the Company entered into an Agreement and Plan of Reorganization (the “Merger Agreement”) with A Squared Entertainment LLC, a Delaware limited liability company (“A Squared”), A Squared Holdings LLC, a California limited liability company and sole member of A Squared (the “Parent Member”), and A2E Acquisition LLC, its newly formed, wholly-owned Delaware subsidiary (“Acquisition Sub”). Upon closing of the transactions, A Squared, as the surviving entity, became a wholly-owned subsidiary of the Company. Liquidity Historically, the Company has incurred net losses. For the three months ended June 30, 2020 and June 30, 2019, the Company reported net losses of $383,258,002 and $1,715,152, respectively. For the six months ended June 30, 2020 and June 30, 2019, the Company reported net losses of $389,093,946 and $6,722,632, respectively. The Company reported net cash used in operating activities of $2,331,261 and $2,550,140 for the six months ended June 30, 2020, and June 30, 2019, respectively. As of June 30, 2020, the Company had an accumulated deficit of $456,981,465 and total stockholders’ equity of $63,218,056. At June 30, 2020, the Company had current assets of $58,460,486, including cashand cash equivalent of $54,382,775 and current liabilities of $8,783,171. The Company had positive working capital of $49,677,315 as of June 30, 2020, compared to negative working capital of $3,650,136 as of December 31, 2019. Prior to the Company’s successful capital raises, the Company applied a loan pursuant to the Paycheck Protection Program (PPP) established under Coronavirus Aid, Relief, and Economic Security Act (CARES Act) as interpreted and applied by Small Business Administration (SBA), an Agency of the United States of America. The application was approved and on April 30,2020, the Company received a loan with a principal amount of $366,267. The loan has an interest rate of one percent (1%) per year and matures on April 19, 2020. The loan may be eligible, in whole or in part, for forgiveness pursuant to the PPP. The Company shall apply to the lender for loan forgiveness in accordance with the PPP as implemented by SBA. The Company reported the proceeds from the PPP loan as debt using the effective interest rate method. Warrant Exercise Agreement On January 22, 2020, the Company entered into a private transaction (the “Private Transaction”) pursuant to a Warrant Exercise Agreement (the “Agreement”) with the holder of the Company’s existing warrants (the “Original Warrants”). The Original Warrants were originally issued on October 3, 2017, to purchase an aggregate of 500,000 shares of Common Stock (as defined below) at an exercise price of $3.90 per share and were to expire in October 2022. Pursuant to the Agreement, the holder of the Original Warrants and the Company agreed that such Original Warrant holder would exercise its Original Warrants in full and the Company would amend the Original Warrants to reduce the exercise price thereof to $0.34 (the average closing price (as reflected on Nasdaq.com) of the Common Stock (as defined below) for the five trading days immediately preceding the signing of the Agreement) (the “Amended Exercise Price”). The Company received approximately $170,000 from the exercise of the Original Warrants. Secured Convertible Note and Warrant Private Placement On March 11, 2020, the Company and certain accredited investors (each an “Investor” and collectively, the “Investors”) entered into a Securities Purchase Agreement (the “SPA”) pursuant to which the Company agreed to sell and issue (1) Senior Secured Convertible Notes to the Investors in the aggregate principal amount of $13,750,000 (each, a “Note” and collectively, the “2020 Convertible Notes”) and $11,000,000 funding amount (reflecting an original issue discount of $2,750,000) and (2) warrants to purchase 65,476,190 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), exercisable for a period of five years at an initial exercise price of $0.26 per share (each a “Warrant” and collectively, the “Warrants”), for consideration consisting of (i) a cash payment of $7,000,000, and (ii) full recourse cash secured promissory notes payable by the Investors to the Company (each, an “Investor Note” and collectively, the “Investor Notes”) in the principal amount of $4,000,000 (the “Investor Notes Principal”) (collectively, the “Financing”). Andy Heyward, the Company’s Chairman and Chief Executive Officer, participated as an Investor and invested $1,000,000 in connection with the Financing, all of which was paid at the closing and not pursuant to an Investor Note. The closing of the sale and issuance of the 2020 Convertible Notes, the Warrants and the Placement Agent Warrants (as defined below) described below in Note 10 occurred on March 17, 2020 (the “Closing Date”). The maturity date of the 2020 Convertible Notes is September 30, 2021 and the maturity date of the Investor Notes is March 11, 2060. 2020 Convertible Notes can be converted at the investor’s option into Common Stock at the conversion rate of $1.375 per share to be adjusted to $0.21 per share upon receipt of stockholder approval and subject to certain other adjustments, according to the terms of the 2020 Convertible Notes (the “Conversion Price”). On May 15, 2020, the Company received the necessary stockholder approval in connection with the Nasdaq proposals described below in Note 10. As a result, the Conversion Price and the exercise price of the Warrants were each reduced to $0.21. The 2020 Convertible Notes can be converted at the Company’s option, provided certain conditions are met, into Common Stock at the lower of the Conversion Price and 85% of the average of the five lowest daily weighted average prices of Company’s shares during the measuring period, according to the terms of the 2020 Convertible Notes. Between June 10 and June 23, 2020, the 2020 Convertible Notes were converted and repaid through the issuance of 65,476,190 shares of Common Stock. March 2020 Securities Purchase Agreement On March 22, 2020, we entered into a Securities Purchase Agreement with certain long standing investors (the “March Investors”), pursuant to which we agreed to issue and sell, in a registered direct offering by the Company directly to the March Investors, an aggregate of 4,000,000 shares of our Common Stock, at an offering price of $0.2568 per share for gross proceeds of approximately $1.0 million before deducting offering expenses. May 2020 Securities Purchase Agreements On May 7, 2020, we entered into a Securities Purchase Agreement with certain long standing investors (the “May 7 th th On May 8, 2020, we entered into a Securities Purchase Agreement with certain long standing investors (the “May 8 th th On May 18, 2020, we entered into a Securities Purchase Agreement with certain long standing investors (the “May 18 th th On May 28, 2020, we entered into a Securities Purchase Agreement with certain long standing investors (the “May 28 th th Between May 18 and June 11, 2020, the Company received $5,649,319, net of expenses, from the exercise of 29,666,283 warrants at an exercise price of $0.21 per share. On June 23, 2020, the Company received $3,600,000 from the payment of the Investor Notes Principal.

2. Summary of Significant Accou

2. Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2: Summary of Significant Accounting Policies Basis of Presentation The accompanying 2020 and 2019 condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Genius Brands International, Inc., its wholly-owned subsidiaries A Squared LLC, Llama Productions LLC and Rainbow Rangers Productions LLC, as well as its interest in Stan Lee Comics, LLC (“Stan Lee Comics”). All significant inter-company balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements have been prepared using the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 Business Combinations. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Cash and Cash Equivalents The Company considers all highly liquid debt instruments with initial maturities of three months or less to be cash equivalents. As of June 30, 2020, and December 31, 2019, the Company had Cash and Cash Equivalents of $54,382,775 and $305,121, respectively. Allowance for Doubtful Accounts Accounts receivable are presented on the balance sheets net of estimated uncollectible amounts. The Company assesses its accounts receivable balances on a quarterly basis to determine collectability and records an allowance for estimated uncollectible accounts in an amount approximating anticipated losses based on historical experience and future expectations. Individual uncollectible accounts are written off against the allowance when collection of the individual accounts appears doubtful. The Company had an allowance for doubtful accounts of $99,792 for June 30, 2020 and $0 as of December 31, 2019. Inventories Inventories are stated at the lower of average cost or net realizable value and consist of finished goods such as DVDs, CDs and other products. A reserve for slow-moving and obsolete inventory is established for all inventory deemed potentially non-saleable. The current inventory is considered properly valued and saleable. The Company concluded that there was an appropriate reserve for slow moving and obsolete inventory of $0 at both June 30, 2020 and December 31, 2019. Property and Equipment Property and equipment are recorded at cost. Depreciation on property and equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to seven years. Maintenance, repairs, and renewals, which neither materially add to the value of the assets nor appreciably prolong their lives, are charged to expense as incurred. Gains and losses from any dispositions of property and equipment are reflected in the condensed consolidated statement of operations. Right of Use Leased Assets In February 2016, the FASB issued Accounting Standards Update 2016-02, “Leases.” The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2018. The amendments should be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842), Targeted Improvements, which allows for an additional optional transition method where comparative periods presented in the financial statements in the period of adoption will not be restated and instead those periods will be presented under existing guidance in accordance with ASC 840, Leases. Management used this optional transition method. As of January 1, 2019, management recorded lease liability of $2,071,903, right-of-use asset of $2,153,747, accumulated amortization of $124,070, a reversal of previously recorded deferred rent of $37,920 and the increase in accumulated deficit of $4,306. Goodwill and Intangible Assets Goodwill represents the excess of purchase price over the estimated fair value of net assets acquired in business combinations accounted for by the purchase method. In accordance with FASB ASC 350 Intangibles Goodwill and Other, goodwill and certain intangible assets are presumed to have indefinite useful lives and are thus not amortized, but subject to an impairment test annually or more frequently if indicators of impairment arise. The Company completes the annual goodwill and indefinite-lived intangible asset impairment tests at the end of each fiscal year. To test for goodwill impairment, we are required to estimate the fair market value of each of our reporting units, of which we have one. While we may use a variety of methods to estimate fair value for impairment testing, our primary method is discounted cash flows. We estimate future cash flows and allocations of certain assets using estimates for future growth rates and our judgment regarding the applicable discount rates. Changes to our judgments and estimates could result in a significantly different estimate of the fair market value of the reporting units, which could result in an impairment of goodwill or indefinite lived intangible assets in future periods. Other intangible assets have been acquired, either individually or with a group of other assets, and were initially recognized and measured based on fair value. Annual amortization of these intangible assets is computed based on the straight-line method over the remaining economic life of the asset. Debt and Attached Equity-Linked Instruments The Company measures issued debt on an amortized cost basis, net of debt premium/discount and debt issuance costs amortized using the effective interest rate method or the straight-line method when the latter does not lead to materially different results. The Company accounts for the proceeds from the issuance of convertible notes payable in accordance with FASB ASC 470-20 Debt with Conversion and Other Options. Pursuant to FASB ASC 470-20, the intrinsic value of the embedded conversion feature (beneficial conversion interest), which is in the money on the commitment date is included in the discount to debt and amortized to interest expense over the term of the note agreement. When the conversion option is not separated, the Company accounts for the entire convertible instrument including debt and the conversion feature as a liability. The Company analyzes freestanding equity-linked instruments including warrants attached to debt to conclude whether the instrument meets the definition of the derivative and whether it is considered indexed to the Company’s own stock. If the instrument is not considered indexed to the Company’s stock, it is classified as an asset or liability recorded at fair value. If the instrument is considered indexed to the Company’s stock, the Company analyzes additional equity classification requirements per ASC 815-40 Contract’s in Entity’s Own Equity. When the requirements are met the instrument is recorded as part of the Company’s equity, initially measured based on its relative fair value with no subsequent re-measurement. When the equity classification requirements are not met, the instrument is recorded as an asset or liability and is measured at fair value with subsequent changes in fair value recorded in earnings. When required, the Company also considers the bifurcation guidance for embedded derivatives per FASB ASC 815-15 Embedded Derivatives. Film and Television Costs The Company capitalizes production costs for episodic series produced in accordance with FASB ASC 926-20 Entertainment-Films - Other Assets - Film Costs. Accordingly, production costs are capitalized at actual cost and then charged against revenue based on the initial market revenue evidenced by a firm commitment over the period of commitment. The Company expenses all capitalized costs that exceed the initial market firm commitment revenue in the period of delivery of the episodes. The Company capitalizes production costs for films produced in accordance with FASB ASC 926-20 Entertainment - Films - Other Assets - Film Costs. Accordingly, production costs are capitalized at actual cost and then charged against revenue quarterly as a cost of production based on the relative fair value of the film(s) delivered and recognized as revenue. The Company evaluates its capitalized production costs annually and limits recorded amounts by their ability to recover such costs through expected future sales. In March 2019, the FASB issued ASU No. 2019-02, Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters Intangibles-Goodwill and Other (Subtopic 920-350). The update aligns the accounting for production costs of an episodic television series with the accounting for production costs of films by removing the content distinction for capitalization. The amendments also require that an entity reassess estimates of the use of a film in a film group and account for any changes prospectively. The amendments in this update require that an entity test a film or license agreement for program material within the scope of Subtopic 920-350 for impairment at a film group level when the film or license agreement is predominantly monetized with other films and/or license agreements. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We have prospectively adopted ASU 2019-02. The impact to our consolidated financial position, results of operations and cash flows were not material. Additionally, for both episodic series and films, from time to time, the Company develops additional content, improved animation and bonus songs/features for its existing content. After the initial release of the film or episodic series, the costs of significant improvement to existing products are capitalized while routine and periodic alterations to existing products are expensed as incurred. Revenue Recognition On January 1, 2018, the Company adopted the new accounting standard ASC 606 (“Topic 606”), Revenue from Contracts with Customers and all the related amendments (“new revenue standard”) using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. As a result of the change, beginning January 1, 2018, the Company began recognizing revenue related to licensed rights to exploit functional IP in two ways. For minimum guarantees, the Company recognizes fixed revenue upon delivery of content and the start of the license period. For functional IP contracts with a variable component, the Company estimates revenue such that it is probable there will not be a material reversal of revenue in future periods. Revenue under these types of contracts was previously recognized when royalty statements were received. The Company began recognizing revenue related to licensed rights to exploit symbolic IP substantially similarly to functional IP. Although it has a different recognition pattern from functional IP, the valuation method is substantially the same, depending on the nature of the license. The Company sells advertising on its Kid Genius channel in the form of either flat rate promotions or impressions served. For flat rate promotions with a fixed term, the Company recognizes revenue when all five revenue recognition criteria under FASB ASC 606 are met. For impressions served, the Company delivers a certain minimum number of impressions on the channel to the advertiser for which the advertiser pays a contractual CPM per impression. Impressions served are reported to the Company on a monthly basis, and revenue is reported in the month the impressions are served. The Company recognizes revenue related to product sales when (i) the seller’s price is substantially fixed, (ii) shipment has occurred causing the buyer to be obligated to pay for product, (iii) the buyer has economic substance apart from the seller, and (iv) there is no significant obligation for future performance to directly bring about the resale of the product by the buyer. Direct Operating Costs Direct operating costs include costs of our product sales, non-capitalizable film costs, film and television cost amortization expense, and participation expense related to agreements with various animation studios, post-production studios, writers, directors, musicians or other creative talent with which we are obligated to share net profits of the properties on which they have rendered services. Share-Based Compensation As required by FASB ASC 718 - Stock Compensation, the Company recognizes an expense related to the fair value of our share-based compensation awards, including stock options, using the Black-Scholes calculation as of the date of grant. The Company has elected to use the graded attribution method for awards which are in-substance, multiple awards based on the vesting schedule. Earnings Per Share Basic earnings (loss) per common share (“EPS”) is calculated by dividing net income (loss) applicable to common shareholders by the weighted average number of shares of Common Stock outstanding for the period. Diluted EPS is calculated by dividing net income (loss) applicable to common shareholders by the weighted average number of shares of Common Stock outstanding, plus the assumed exercise of all dilutive securities using the treasury stock or “as converted” method, as appropriate. During periods of net loss, all Common Stock equivalents are excluded from the diluted EPS calculation because they are antidilutive. Income Taxes Deferred income tax assets and liabilities are recognized based on differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. At each balance sheet date, the Company evaluates the available evidence about future taxable income and other possible sources of realization of deferred tax assets and records a valuation allowance that reduces the deferred tax assets to an amount that represents management’s best estimate of the amount of such deferred tax assets that more likely than not will be realized. Concentration of Risk The Company’s cash is maintained at three financial institutions and from time to time the balances for this account exceed the Federal Deposit Insurance Corporation’s (“FDIC”) insured amount. Balances on interest bearing deposits at banks in the United States are insured by the FDIC up to $250,000 per account. As of June 30, 2020, the Company had four accounts with an uninsured balance of $53,365,354. For the three months ended June 30, 2020, the Company had one customer whose total revenue exceeded 10% of the total consolidated revenue. That customer accounted for 46% of the total revenue and 13% of accounts receivable. One other customer accounted for 56% of accounts receivable. For the six months ended June 30, 2020, the Company had one customer whose total revenue exceeded 10% of the total consolidated revenue. That customer accounted for 29% of the total revenue and 13% of accounts receivable. One other customer accounted for 56% of accounts receivable. For three and six months ended June 30, 2019, the Company had two customers whose total revenue each exceeded 10% of the total consolidated revenue. Those customers accounted for 52% and 57% of the total revenue respectively for the three and six months ended June 30, 2019 respectively. The Company had three customers that represented 75% of accounts receivable as of June 30, 2019. Fair value of financial instruments The carrying amounts of cash, receivables, accounts payable, and accrued liabilities approximate fair value due to the short-term maturity of the instruments. The carrying amount of the Production Loan Facility approximates fair value since the debt carries a variable interest rate that is tied to either the current Prime or LIBOR rates plus an applicable spread. The Company adopted FASB ASC 820 as of January 1, 2008, for financial instruments measured at fair value on a recurring basis. FASB ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Recent Accounting Pronouncements In March 2019, the FASB issued ASU No. 2019-02, Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters Intangibles-Goodwill and Other (Subtopic 920-350). The update aligns the accounting for production costs of an episodic television series with the accounting for production costs of films by removing the content distinction for capitalization. The amendments also require that an entity reassess estimates of the use of a film in a film group and account for any changes prospectively. The amendments in this update require that an entity test a film or license agreement for program material within the scope of Subtopic 920-350 for impairment at a film group level when the film or license agreement is predominantly monetized with other films and/or license agreements. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We have prospectively adopted ASU 2016-18. The impact to our consolidated financial position, results of operations and cash flows were not material. Various other accounting pronouncements have been recently issued, most of which represented technical corrections to the accounting literature or were applicable to specific industries and are not expected to have a material effect on our financial position, results of operations, or cash flows.

3. Property and Equipment, Net

3. Property and Equipment, Net	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Note 3: Property and Equipment, Net The Company has property and equipment as follows as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Furniture and Equipment $ 19,419 $ 19,419 Computer Equipment 144,643 144,643 Leasehold Improvements 14,182 14,182 Software 15,737 15,737 Property and Equipment, Gross 193,981 193,981 Less Accumulated Depreciation (156,180 ) (129,105 ) Property and Equipment, Net $ 37,801 $ 64,876 During the three months ended June 30, 2020 and 2019, the Company recorded depreciation expense of $13,537 and $9,120, respectively. During the six months ended June 30, 2020 and 2019, the Company recorded depreciation expense of $27,075 and $18,845, respectively.

4. Right of Use Leased Asset

4. Right of Use Leased Asset	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Right of Use Leased Asset	Note 4: Right Of Use Leased Asset Right of use asset consisted of the following as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Office Lease Asset $ 2,155,237 $ 2,155,237 Printer Lease Asset 2,245,093 2,245,093 Right Of Use Asset, Gross 4,400,330 4,400,330 Office Lease Accumulated Amortization (436,128 ) (321,773 ) Printer Lease Accumulated Amortization (172,069 ) (68,720 ) Right Of Use Asset, Net $ 3,792,133 $ 4,009,837 During the three months ended June 30, 2020 and June 30, 2019, the Company recorded amortization expense of $109,458 and $37,059, respectively. During the six months ended June 30, 2020 and June 30, 2019, the Company recorded amortization expense of $217,704 and $214,101, respectively.

5. Film and Television Costs, N

5. Film and Television Costs, Net	6 Months Ended
	Jun. 30, 2020
Film, Capitalized Cost [Abstract]
Film and Television Costs, net	Note 5: Film and Television Costs, Net As of June 30, 2020, the Company had net Film and Television Costs of $9,996,300, compared to $9,906,885 at December 31, 2019. The increase primarily relates to the production costs associated with Rainbow Rangers Season Stan Lee’s Superhero Kindergarten Rainbow Rangers Season 1 Llama Llama Seasons 1 and 2. During the three months ended June 30, 2020 and 2019, the Company recorded Film and Television Cost amortization expense of $185,748 and $192,803, respectively. During the six months ended June 30, 2020 and 2019, the Company recorded Film and Television Cost amortization expense of $292,363 and $621,986, respectively. The following table highlights the activity in Film and Television Costs of June 30, 2020 and December 31, 2019: Total Film and Television Costs, Net as of December 31, 2018 $ 8,166,131 Additions to Film and Television Costs 3,920,013 Capitalized Interest 50,765 Film Amortization Expense (2,230,024 ) Film and Television Costs, Net as of December 31, 2019 9,906,885 Additions to Film and Television Costs 381,778 Capitalized Interest – Film Amortization Expense (292,363 ) Film and Television Costs, Net as of June 30, 2020 $ 9,996,300

6. Goodwill and Intangible Asse

6. Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Note 6: Goodwill and Intangible Assets, Net Goodwill In 2013, the Company recognized $10,365,806 in Goodwill, representing the excess of the fair value of the consideration for the merger over net identifiable assets acquired. Pursuant to FASB ASC 350-20, Goodwill is not subject to amortization but is subject to annual review to determine if certain events warrant impairment to the Goodwill asset. Through June 30, 2020, the Company has not recognized any impairment to Goodwill. Intangible Assets, Net The Company had the following intangible assets as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Trademarks (a) $ 129,831 $ 129,831 Other Intangible Assets (a) 273,028 272,528 Intangible Assets, Gross 402,859 402,359 Less Accumulated Amortization (b) (372,414 ) (350,776 ) Intangible Assets, Net $ 30,445 $ 51,583 (a) Pursuant to FASB ASC 350-30-35, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. Through June 30, 2019, the Company has not recognized any impairment expense related to these assets. (b) During the three months ended June 30, 2020 and June 30, 2019, the Company recognized $10,847 and $9,720, respectively, in amortization expense related to the Trademarks and Other Intangible Assets. During the six months ended June 30, 2020 and June 30, 2019, the Company recognized $21,638 and $19,492, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.

7. Deferred Revenue

7. Deferred Revenue	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Deferred Revenue	Note 7: Deferred Revenue As of June 30, 2020 and December 31, 2019, the Company had total short term and long term deferred revenue of $5,171,243 and $5,108,953, respectively. Deferred revenue includes both (i) variable fee contracts with licensees and customers in which the Company had collected advances and minimum guarantees against future royalties and (ii) fixed fee contracts. The Company recognizes revenue related to these contracts when all revenue recognition criteria have been met. Included in the deferred revenue balance as of June 30, 2020 and December 31, 2019 is the $3,367,086 which is the remaining balance from the total $3,489,583 advance against future royalty that Sony paid to the Company for both the foreign and domestic distribution rights.

8. Accrued Liabilities - Curren

8. Accrued Liabilities - Current	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Accrued Liabilities, Current	Note 8: Accrued Liabilities – Current As of June 30, 2020 and December 31, 2019, the Company has the following current accrued liabilities: June 30, 2020 December 31, 2019 Other Accrued Expenses (a) $ 220,099 $ 124,940 Accrued Salaries and Wages (b) 301,281 231,481 Total Accrued Liabilities – Current $ 521,380 $ 356,421 (a) Represents accrued interest, insurance liability and lease deposit on sub-lease. (b) Represents accrued salaries and wages and accrued vacation payable to employees for the six months ended June 30, 2020 and the year ended December 31, 2019.

9. Secured Convertible Notes

9. Secured Convertible Notes	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Secured Convertible Notes	Note 9: Secured Convertible Notes On August 17, 2018, the Company entered into a Securities Purchase Agreement (the “August 2018 Purchase Agreement”) with certain investors (the “Investors”), pursuant to which the Company agreed to sell (i) an aggregate principal amount of $4.50 million in secured convertible notes, convertible into shares of our Common Stock, at a conversion price of $2.50 per share (the “August 2018 Secured Convertible Notes”) and (ii) warrants to purchase 1,800,000 shares of our Common Stock at an exercise price of $3.00 per share (the “Warrants,” and, together with the August 2018 Secured Convertible Notes, the “Securities”). We received approximately $4,500,000 in gross proceeds from the Offering. The August 2018 Secured Convertible Notes were our senior secured obligations and were secured by certain tangible and intangible property of the Company as described in the August 2018 Purchase Agreement. During the three months ended March 31, 2020, the Company recognized $7,288 of discount amortization which is included in interest expense. In conjunction with the February 2019 Offering (as defined below) and concurrent private placement, we entered into an amendment, waiver and consent agreement, or the “Amendment, Waiver and Consent Agreement,” with certain holders of our August 2018 Secured Convertible Notes. Pursuant to the Amendment, Waiver and Consent Agreement, such holders agreed to amend the August 2018 Purchase Agreement, waive any applicable rights and remedies under the August 2018 Purchase Agreement, and consent to the February 2019 Offering and concurrent private placement. In consideration for such Amendment, Waiver and Consent Agreement, we agreed to issue such holders warrants to purchase up to an aggregate amount 1,800,000 shares of our Common Stock. Such warrants have an exercise price of $2.55 per share, will become exercisable commencing six months and one day from the date of issuance and will expire five (5) years from the date of issuance. The issuance of the warrants resulted in a modification of debt in accordance with ASC 470 and is characterized as an extinguishment of debt in accordance with ASC-470-50-40. In accordance with ASC-470-50-40-2 the Company derecognized the existing debt as if it was extinguished and recorded the new debt, with the difference between the reacquisition price of the new debt and the net carrying amount of the extinguished debt, $2,064,193 being recorded as a loss on the extinguishment of debt. On March 16, 2020, the holders of the August 2018 Secured Convertible Notes were repaid in full including interest.

10. Senior Secured Convertible

10. Senior Secured Convertible Notes	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Senior Secured Convertible Notes	Note 10: Senior Secured Convertible Notes On March 11, 2020, the Company and the Investors entered into the SPA pursuant to which the Company agreed to sell and issue (1) the 2020 Convertible Notes and $11,000,000 funding amount (reflecting an original issue discount of $2,750,000) and (2) the Warrants, for consideration consisting of (i) a cash payment of $7,000,000, and (ii) the Investor Notes in the principal amount of $4,000,000. Andy Heyward, the Company’s Chairman and Chief Executive Officer, participated as an Investor and invested $1,000,000 in connection with the Financing, all of which was paid at the closing and not pursuant to an Investor Note. The closing of the sale and issuance of the 2020 Convertible Notes, the Warrants and the Placement Agent Warrants occurred on March 17, 2020. The maturity date of the 2020 Convertible Notes is September 30, 2021 and the maturity date of the Investor Notes is March 11, 2060. The SPA contains certain representations and warranties, covenants and indemnities customary for similar transactions In addition, pursuant to the terms of the SPA, the 2020 Convertible Notes and the Warrants, the Company agreed that the following will apply or become effective only following Stockholder Approval: (1) the conversion price of the 2020 Convertible Notes shall be reduced to $0.21 per share and may be further reduced to any amount and for any period of time deemed appropriate by the board of directors of the Company (the “Board of Directors”), (2) the exercise price of the Warrants shall be immediately reduced to $0.21 per share and may be further reduced to any amount and for any period of time deemed appropriate by the Board of Directors, (3) the 2020 Convertible Notes and Warrants shall each have full ratchet anti-dilution protection for subsequent financings (subject to certain exceptions), (4) existing warrant holders that are participating in the Financing (representing warrants to purchase an aggregate of 8,715,229 shares of Company Common Stock) will have their existing warrants’ exercise prices reduced to $0.21 and (5) the investors shall have a most favored nations right which provides that if the Company enters into a subsequent financing, then the Investors (together with their affiliates) at their sole discretion shall have the ability to exchange their 2020 Convertible Notes on a $1 for $1 basis into securities issued in the new transaction. Additionally, in the event that any warrants or options (or any similar security or right) issued in a subsequent financing include any terms more favorable to the holders thereof (less favorable to the Company) than the terms of the Warrants, the Warrants shall be automatically amended to include such more favorable terms. On May 15, 2020, the Company received necessary Stockholder Approval in connection with the Nasdaq proposals described above. As a result, the conversion price of the 2020 Convertible Notes and the exercise price of the Warrants were each reduced to $0.21. In addition, existing warrant holders that participated in the Financing (representing warrants to purchase an aggregate of 9,172,463 shares of Common Stock) also had their existing warrants’ exercise prices reduced to $0.21. Amortization of Principal The 2020 Convertible Notes provide that the Company will repay the principal amount of 2020 Convertible Notes in equal monthly installments of 1/12th of the principal amount of the 2020 Convertible Notes beginning October 31, 2020 and the last business day of each calendar month anniversary thereafter (each an “Installment Date”). On each Installment Date, assuming the Equity Conditions described below are met and Stockholder Approval has been obtained, all or some of the Installment Amount (as defined in the 2020 Convertible Notes) shall be converted into shares of Common Stock, provided however that the Company may elect prior to any Installment Date to pay all or a portion of the installment amount in cash, under certain conditions in the SPA. Any holder of a 2020 Convertible Note may, by notice to the Company, accelerate future installment payments to any applicable Installment Date, in which case the Company will deliver shares of Common Stock for the conversion of such accelerated payments (the “Accelerated Amount”), regardless of whether the Installment Amount scheduled to be paid on such applicable Installment Date shall be paid in cash, shares of Common Stock or a combination thereof. In the event that the Investor delivers one or more such notices of acceleration, the aggregated Accelerated Amount shall not be greater than six (6) times such Investor’s pro rata amount. If the Company fails to redeem the Company Redemption Amount on the applicable Installment Date by payment of the Company Installment Redemption Price on such date, then at the option of the Investor designated in writing to the Company (any such designation shall be deemed a “Conversion Notice” pursuant to the 2020 Convertible Notes), (i) the Investor shall have the rights set forth in the 2020 Convertible Notes as if the Company failed to pay the applicable Company Installment Redemption Price and all other rights as an Investor in the 2020 Convertible Notes (including, without limitation, such failure constituting an Event of Default described in the 2020 Convertible Notes) and (ii) the Investor may require the Company to convert all or any part of the Company Redemption Amount at the Company Conversion Price as in effect on the applicable Installment Date. Subject to certain beneficial ownership limitations, until the Company Installment Redemption Price is paid in full, the Company Redemption Amount may be converted, in whole or in part, by the Investor into Common Stock. In the event the Investor elects to convert all or any portion of the Company Redemption Amount prior to the applicable Installment Date as set forth in the immediately preceding sentence, the Company Redemption Amount so converted shall be deducted in reverse order starting from the final Installment Amount to be paid on the final Installment Date, unless the Investor otherwise indicates and allocates among any Installment Dates in the applicable Conversion Notice. Payment of Investor’s Notes The Company will receive the applicable portion of the Investor Notes Principal due upon each voluntary or mandatory prepayment of the Investor Notes. The Investors may, at their option and at any time, voluntarily prepay the Investor Notes, in whole or in part. The Investor Notes are also subject to mandatory prepayment, in whole or in part, upon the occurrence of one or more of the mandatory prepayment events. The Company may require an investor to prepay the Investor Notes provided certain conditions are met including but not limited to the following: Stockholder Approval has been obtained, and no Event of Default as defined in the terms of the 2020 Convertible Notes took place. The Investor Notes also contain certain offset rights of the Company and the Investors, which if exercised, would reduce the amount outstanding under 2020 Convertible Notes and the Investor Notes by the same amount and, accordingly, the cash proceeds received by the Company from the investors. These offset rights are triggered by specific occurrences that could jeopardize an Investor’s investment. On the maturity date of the 2020 Convertible Notes, the outstanding principal amount owed by an Investor to the Company under such Investor Note shall be satisfied and cancelled in exchange for the cancellation of an equal amount owed the Company to such Investor under the related 2020 Convertible Notes. The Company reports the Investor Notes and the respective portion of the Convertible Notes that may be offset against the Investor Notes on a “gross” basis, i.e. as an asset and a liability, respectively. Optional Redemption at Company’s Election At any time after the date of issuance of the 2020 Convertible Notes, the Company will have the right to redeem a portion or all of the 2020 Convertible Notes in cash at prices depending on certain conditions as described in the SPA. Conversion of the 2020 Convertible Notes Each 2020 Convertible Note is convertible, at the option of the holder, into shares of Common Stock at an initial conversion price of $1.375, subject to adjustment as provided in the 2020 Convertible Notes; provided, however, upon receipt of Stockholder Approval, the conversion price shall be $0.21, subject to adjustment as provided in the 2020 Convertible Notes. On or after the date Stockholder Approval is obtained, if the Company issues or sells, or the Company publicly announces the issuance or sale of, any shares of Common Stock, or convertible securities or options issuable or exchangeable into Common Stock (a “New Issuance”), under which such Common Stock is sold for a consideration per share less than the Conversion Price then in effect, the Conversion Price of the 2020 Convertible Notes will be adjusted to the New Issuance price in accordance with the formulas provided in the 2020 Convertible Notes. Any such adjustment will not apply with respect to the issuance of Excluded Securities (as defined in the 2020 Convertible Notes). Upon Stockholder Approval, the Conversion Price may be further reduced to any amount and for any period of time deemed appropriate by the Board of Directors. The Company classified the detachable warrants as derivative financial liabilities that are recorded at fair value on a recurring basis separately from debt. The Company classified investors’ and Company’s conversion options as a compound embedded derivative liability recorded separately from the debt. The amount of debt discount arising from the separate accounting of the above financial instruments at March 17, 2020 was $10,729,852. On May 15, 2020 stockholders of the Company approved the reduction of the Conversion Price to $0.21. During the three months ended June 30, 2020 the Investors converted their 2020 Convertible Notes in accordance with the terms of the agreement. $105,000 of the 2020 Convertible Notes were converted on June 6, 2020 with the remainder of $13,645,000 converted on June 23, 2020. As part of the conversion accounting, the Company increased the equity by the sum of the carrying amounts of the debt and separated conversion option liabilities, with no gain or loss recognized. Overall amount credited to equity per the above accounting treatment was 1,990,413 on June 6, 2020 and 169,845,316 on June 23, 2020. The Company estimated that the fair value of the investor’s conversion options and the fair value of Company’s conversion options at March 17, 2020 and March 31, 2020 were immaterial. The estimated fair value of the investor’s conversion options associated with $105,000 of debt immediately before the conversion on June 6, 2020 was 1,990,408. The estimated fair value of the investor’s conversion options associated with $13,645,000 of debt immediately before the conversion on June 12, 2020 was $169,845,321. The Company estimated that the fair value of Company’s conversion option on both conversion dates was immaterial. During the three months ended June 30, 2020, the Company recognized a revaluation loss of $171,835,729 associated with the 2020 Convertible Notes conversion options. Additionally, the Company recognized revaluation loss associated with detachable warrants of $208,760,698. Company’s interest expense associated with the 2020 Convertible Notes was $401,814 and $ 1,033,666, respectively for the three and six months ended June 30, 2020. The interest expense included $631,852 excess of discount over the 2020 Convertible Notes’ principal. The discount is mainly attributable to detachable warrants and 20% original issuance discount. The amount of unamortized discount at June 30, 2020 is $0 Company recognizes interest expense associated with 2020 Convertible Notes using the effective interest rate method. On June 23, 2020 the Company received $3,600,000, net of expenses, from the payment of the Investor Notes Principal. Between June 10 and June 23, 2020, the 2020 Convertible Notes were converted and repaid through the issuance of 65,476,190 shares of Common Stock.

11. Production Loan Facility

11. Production Loan Facility	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Production Loan Facility	Note 11: Production Loan Facility On August 8, 2016, Llama Productions LLC (“Llama”) closed a $5,275,000 multiple draw-down, secured, non-recourse, non-revolving credit facility (the “Facility”) with Bank Leumi USA (the “Lender”) to produce its animated series Llama Llama On September 28, 2018, Llama entered into a Loan and Security Agreement (the “Loan and Security Agreement”) with the Lender, pursuant to which the Lender agreed to make a secured loan in an aggregate amount not to exceed $4,231,989 to Llama (the “Loan”). The proceeds of the Loan will be used to pay the majority of the expenses of producing, completing and delivering two 22-minute episodes and sixteen 11- minute episodes of the second season of the animated series Llama Llama Llama Llama Under the Loan and Security Agreement, Llama can request revolving loan advances under (a) the Prime Rate Loan facility and (b) the LIBOR Loan facility, each as further described in the Loan and Security Agreement attached as an exhibit hereto. Prime Rate Loan advances shall bear interest, on the outstanding balance thereof, at a fluctuating per annum rate equal to 1.0% plus the Prime Rate (as such term is defined in the Loan and Security Agreement), provided that in no event shall the interest rate applicable to Prime Rate Loans be less than 4.0% per annum. LIBOR Loan advances shall bear interest, on the outstanding balance thereof, for the period commencing on the funding date and ending on the date which is one (1), three (3) or six (6) months thereafter, at a per annum rate equal to 3.25% plus the LIBOR determined for the applicable Interest Period (as such terms are defined in the Loan and Security Agreement), provided that in no event shall the interest rate applicable to LIBOR Loans be less than 3.25% per annum. The Maturity Date of the Prime Rate Loan facility and LIBOR Loan facility is March 31, 2021. Interest rates on advances under the Loan and Security Agreement were between 3.57% and 4.99% as of June 30, 2020. In addition, on September 28, 2018, Llama and the Lender entered into Amendment No. 2 to the Loan and Security Agreement, effective as of August 27, 2018, by and between Llama and the Lender (the “Amendment”). Pursuant to the Amendment, the original Loan and Security Agreement, dated as of August 8, 2016 and amended as of November 7, 2017 (the “Original Loan and Security Agreement”), was amended to (i) reduce the loan commitment thereunder to $1,768,010, and (ii) include the Llama Llama As of June 30, 2020, the Company had gross outstanding borrowing under the facility of $1,889,426. As of December 31, 2019, the Company had gross outstanding borrowing under the facility of $3,091,739.

12. Disputed Trade Payable

12. Disputed Trade Payable	6 Months Ended
	Jun. 30, 2020
Reload Warrants [Member]
Disputed Trade Payable	Note 12: Disputed Trade Payable As part of the merger in 2013, the Company assumed certain liabilities from a previous member of A Squared which has claimed certain liabilities totaling $925,000. The Company disputes the basis for this liability. As of December 31, 2017, the Company believed that the statute of limitations applicable to the assertion of any legal claim relating to the collection of these liabilities has expired and therefore believes this liability is not owed.

13. Stockholders' Equity

13. Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	Note 13: Stockholders’ Equity Common Stock As of June 30, 2020, the total number of authorized shares of Common Stock was 233,333,334. On January 8, 2020, the Company issued 43,077 shares of Common Stock valued at $0.65 per share to a provider for investor relations services. On January 15, 2020, the Company issued 3,171,428 shares of Common Stock in exchange for 667 shares of Preferred Stock at a conversion price of $0.21 per share. On January 22, 2020, the Company entered into the Private Transaction pursuant to the Agreement with the holder of the Original Warrants. The Original Warrants were originally issued on October 3, 2017, to purchase an aggregate of 500,000 shares of Common Stock, at an exercise price of $3.90 per share and were to expire in October 2022. Pursuant to the Agreement, the holder of the Original Warrants and the Company agreed that such Original Warrant holder would exercise its Original Warrants in full and the Company would amend the Original Warrants to reduce the exercise price thereof to the Amended Exercise Price. The Company received approximately $170,000 from the exercise of the Original Warrants. On March 22, 2020, the Company entered into the Purchase Agreement with the Investors, pursuant to which the Company agreed to issue and sell, in the Registered Offering, an aggregate of 4,000,000 shares Common Stock at an offering price of $0.2568 per share for gross proceeds of approximately $1.0 million before deducting offering expenses. The Registered Offering closed on March 25, 2020. On May 7, 2020, we entered into a Securities Purchase Agreement with the May 7 th th On May 8, 2020, we entered into a Securities Purchase Agreement with the May 8 th th On May 18, 2020, we entered into a Securities Purchase Agreement with the May 18 th th On May 28, 2020, we entered into a Securities Purchase Agreement with the May 28 th th Between May 18 and June 11, 2020, the Company received $5,649,319, net of expenses, from the exercise of 29,666,283 warrants at an exercise price of $0.21 per share. Between May 15 and June 19, 2020 certain warrant holders exercised 50,014,895 warrants in cashless transactions resulting in the issuance of 45,000,428 shares of Common Stock. Between May 18 and June 24, 2020, the Company issued 1,571,430 shares of Common Stock in exchange for 330 shares of Preferred Stock at a conversion price of $0.21 per share. On June 22, 2020, the Company issued 49,610 shares of Common Stock valued at $3.85 per share to a provider for investor relations services. Between June 10 and June 23, 2020, the 2020 Convertible Notes were converted and repaid through the issuance of 65,476,190 shares of Common Stock. As of June 30, 2020 and December 31, 2019, there were 218,856,170 and 21,877,724 shares of Common Stock outstanding, respectively. Preferred Stock The Company has 10,000,000 shares of preferred stock authorized with a par value of $0.001 per share (the “Preferred Stock”). The Board of Directors is authorized, subject to any limitations prescribed by law, without further vote or action by our stockholders, to issue from time to time shares of Preferred Stock in one or more series. Each series of Preferred Stock will have such number of shares, designations, preferences, voting powers, qualifications and special or relative rights or privileges as shall be determined by our Board of Directors, which may include, among others, dividend rights, voting rights, liquidation preferences, conversion rights and preemptive rights. As of June 30, 2020 and December 31, 2019, there were 100 and 1,097 shares of Series A Convertible Preferred Stock outstanding respectively. On February 19, 2019, the Company entered into a Securities Purchase Agreement with a certain accredited investor pursuant to which we sold 945,894 shares of Common Stock and warrants to purchase up to 945,894 shares of our Common Stock at 2.12 per share. As a result, the conversion price of the Series A Convertible Preferred Stock decreased to $2.12. This decrease resulted in a beneficial conversion feature of $322,240 which was recognized February 19, 2019. Between October 4, 2019 and October 22, 2019, the Company issued 296,053 shares of Common Stock in exchange for 225 shares of Series A Convertible Preferred Stock at a conversion price of $0.76 per share. On November 20, 2019, we entered into a settlement agreement and release (“Settlement Agreement”) with certain holders of our Series A Convertible Preferred Stock (each, a “Preferred Holder” and collectively, the “Preferred Holders”) constituting 58% of the outstanding Series A Preferred Stock in connection with a dispute that arose between the parties with respect to certain rights under the Certificate of Designations. Pursuant to the Settlement Agreement, we agreed to adjust the conversion price of the Series A Convertible Preferred Stock to $0.21 and the parties agreed to terminate and deem null and void that certain Securities Purchase Agreement, dated as of May 14, 2014, by and among the Preferred Holders and the other parties signatories thereto, with respect to the Preferred Holders. The Preferred Holders, constituting the holders of at least a majority of the outstanding Preferred Shares (the “Required Holders”), agreed and consented to an amendment and restatement of the Certificate of Designations. The parties also agreed to customary releases and a covenant not to sue as further contained in the Settlement Agreement. Accordingly, on November 21, 2019, we filed an Amended and Restated Certificate of Designation (the “Amended and Restated Certificate”) for our Series A Convertible Preferred Stock. The amendments, among other things, had the effect of setting the conversion price of the Series A Convertible Preferred Stock at $0.21. Between May 18 and June 24, 2020, the Company issued 1,571,428 shares of Common Stock in exchange for 330 shares of Series A Convertible Preferred Stock at a conversion price of $0.21 per share. On January 9, 2020, the Company issued 3,171, 428 shares of the Common stock in exchange for 667 shares of Series A Convertible Preferred Stock at a conversion price of $0.21 per share.

14. Stock Options

14. Stock Options	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Stock Options	Note 14: Stock Options On September 18, 2015, the Company adopted the Genius Brands International, Inc. 2015 Incentive Plan (the “2015 Plan”). The 2015 Plan was approved by the Company’s stockholders in September 2015. The 2015 Plan as approved by the stockholders authorized the issuance up to an aggregate of 150,000 shares of Common Stock. On December 14, 2015, the Board of Directors voted to amend the 2015 Plan to increase the total number of shares that can be issued under the 2015 Plan by 1,293,334 from 150,000 shares to 1,443,334 shares. The increase in shares available for issuance under the 2015 Plan was approved by stockholders on February 3, 2016. On May 18, 2017, the Board of Directors voted to amend the 2015 Plan to increase the total number of shares that can be issued under the 2015 Plan by 223,333 shares from 1,443,334 shares to an aggregate of 1,667,667 shares. The increase in shares available for issuance under the 2015 Plan was approved by the stockholders on July 25, 2017. On September 6, 2018, the Board of Directors voted to amend the 2015 Plan to increase the total number of shares that can be issued under the 2015 Plan by 500,000 shares from 1,667,667 shares to an aggregate of 2,167,667 shares. The increase in shares available for issuance under the 2015 Plan was approved by the Company’s stockholders on October 2, 2018. On June 25, 2020, the Company granted options to purchase 185,000 shares of Common Stock to certain employees and granted options to purchase 445,000 shares of Common Stock to consultants for services. These stock options generally vest in three years. The fair value of these options was determined to be $2,649,379 using the Black-Scholes option pricing model based on the following assumptions: Exercise Price $2.61 - $10.00 Dividend Yield 0% Volatility 122% Risk-free interest rate 0.31% Expected life of options 5.0 years The following table summarizes the changes in the Company’s stock option plan during the six months ended June 30, 2020: Options Outstanding Number Of Shares Exercise Prices Per Share Weighted Average Remaining Contractual Life Weighted Average Exercise Price Per Share Aggregate Intrinsic Value Balance at December 31, 2019 1,289,866 $ 1.99 - 12.00 6.49 years $ 7.18 – Options Granted 630,000 $ 2.61 - 10.00 4.99 years $ 5.08 – Options Exercised – $ – – $ – – Options Cancelled 2,000 $ 1.99 3.69 years $ 1.99 – Options Expired – $ – – $ – – Balance at June 30, 2020 1,917,866 $ 1.99 - 10.00 2.26 years $ 3.49 – Exercisable December 31, 2019 1,176,416 $ 1.99 - 9.00 6.25 years $ 7.67 – Exercisable June 30, 2020 1,321,142 $ 1.99 - 3.17 1.12 years $ 2.69 – During the three and six months ended June 30, 2020, the Company recognized $328,497 and $352,311, respectively in share-based compensation expense. During the three and six months ended June 30, 2019, the Company recognized $80,800 and $116,549, respectively in share-based compensation expense. The unvested share-based compensation as of June 30, 2020 was $2,383,856 which will be recognized through the second quarter of 2025 assuming the underlying grants are not cancelled or forfeited.

15. Warrants

15. Warrants	6 Months Ended
	Jun. 30, 2020
Warrants and Rights Note Disclosure [Abstract]
Warrants	Note 15: Warrants The Company has warrants outstanding to purchase up to 5,274,208 and 11,124,405 shares as of June 30, 2020 and December 31, 2019, respectively. On February 19, 2019, the Company entered into a securities purchase agreement with a certain accredited investor pursuant to which we sold 945,894 shares of Common Stock and warrants to purchase up to 945,894 shares of our Common Stock, or the registered warrants, to such investor (the “February 2019 Offering”). The Company received $1,757,552 in net proceeds from this offering. Each share of Common Stock was accompanied by a registered warrant to purchase one share of Common Stock at an exercise price of $2.12. Each share of Common Stock and accompanying registered warrant were sold at a combined purchase price of $2.12. The shares of Common Stock and registered warrants were purchased together and were issued separately and were immediately separable upon issuance. In a concurrent private placement, the Company also sold to the purchaser in the February 2019 Offering, warrants to purchase up to 945,894 shares of our Common Stock, or the private warrants. In connection with the February 2019 Offering and concurrent private placement, we entered into the Amendment, Waiver and Consent Agreement with certain holders of our August 2018 Secured Convertible Notes. Pursuant to the Amendment, Waiver and Consent Agreement, such holders agreed to amend the notes purchase agreement, waive any applicable rights and remedies under the notes purchase agreement, and consent to the February 2019 Offering and concurrent private placement. In consideration for such Amendment, Waiver and Consent Agreement, we agreed to issue such holders warrants to purchase up to an aggregate amount of 1,800,000 shares of our Common Stock. Such warrants have an exercise price of $2.55 per share, will become exercisable commencing six months and one day from the date of issuance and will expire five (5) years from the date of issuance. The allocation of carrying basis between the Warrants issued and the August 2018 Secured Convertible Notes was determined based on relative valuation. The carrying basis attributable to the Warrants to acquire Common Stock was $1,287,962 and was calculated using the Black-Scholes option pricing model. On July 22, 2019, the Company entered into an amendment, waiver and consent agreement (the “Amendment, Waiver and Consent”) with certain holders constituting (i) a majority-in-interest of the holders of the August 2018 Secured Convertible Notes and (ii) 51% in interest of the shares of Common Stock issued pursuant to a securities purchase agreement, dated as of January 8, 2018, by and among the Company and the purchasers identified on the signature pages thereto (the “January 2018 Purchase Agreement”). Pursuant to the Amendment, Waiver and Consent, such holders have agreed to (i) amend the definition of “Exempt Issuance” in each of the August 2018 Purchase Agreement and January 2018 Purchase Agreement to include an agreement to issue or announce the issuance or proposed issuance of Common Stock or Common Stock Equivalents (as that term is defined in each of the August 2018 Purchase Agreement and January 2018 Purchase Agreement) in a public offering for an effective per share purchase price of Common Stock of less than $2.50 (the “Offering”), (ii) waive any applicable rights and remedies under the August 2018 Purchase Agreement and January 2018 Purchase Agreement, and (iii) consent to the Offering. In consideration for the Amendment, Waiver and Consent, the Company agreed to reduce the conversion price of the Notes from $2.50 per share of Common Stock to $1.515 (the “Note Amendment”) and issue all of the purchasers under the August 2018 Purchase Agreement warrants to purchase up to an aggregate of 1,800,000 shares of our Common Stock (the “Waiver Warrants”). The Waiver Warrants will have an exercise price of $1.14 per share, will become exercisable commencing six months and one day from the date of issuance and will expire five (5) years from the date of issuance. On September 18, 2019, the Company entered into a private transaction (the “2019 Private Transaction”) pursuant to the Agreement with the holder of the Original Warrants. The Original Warrants were originally issued on February 19, 2019, to purchase an aggregate of 945,894 shares of Common Stock at an exercise price of $2.12 per share and were to expire on February 19, 2020. Pursuant to the Agreement, the holder of the Original Warrants and the Company agreed that such Original Warrant holder would exercise its Original Warrants in full and the Company would amend the Original Warrants to reduce the exercise price thereof to $0.76. The Company received $718,879 from the exercise of the Original Warrants before paying the placement agent fee of $50,321. The induced exercise resulted in the Company recognizing and recording an “imputed dividend” of $181,884. In connection with a private placement, the Company issued to the Investor warrants exercisable for one share of Common Stock for an aggregate of 477,474 shares of Common Stock at an exercise price of $0.76 per share. Each Warrant will be immediately exercisable on the date of its issuance and will expire five years from the date it becomes exercisable. Subject to limited exceptions, a holder of a Warrant will not have the right to exercise any portion of its warrants if the holder, together with its affiliates, would beneficially own in excess of 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise. The Special Equities Group, LLC, a division of Bradley Woods & Co. LTD, acted as placement agent and will receive a cash fee of $35,280 and warrants to purchase 46,421 shares at an exercise price of $0.836 per share. On December 16, 2019, the Company entered into Warrant Exercise Agreements (the “Exercise Agreements”) with certain of the holders of the Existing Warrants to purchase an aggregate of 3,646,135 shares of Common Stock (the “Exercising Holders”). Pursuant to the Exercise Agreements, the Exercising Holders and the Company agreed that, subject to any applicable beneficial ownership limitations, the Exercising Holders would exercise their Existing Warrants (the “Investor Warrants”) for shares of Common Stock underlying such Existing Warrants (the “Exercised Shares”) at a reduced exercise price of $0.21 per share of Common Stock. In order to induce the Exercising Holders to cash exercise the Investor Warrants, the Exercise Agreements provide for the issuance of new warrants to purchase up to an aggregate of approximately 3,646,135 shares of Common Stock (the “New Warrants”), with such New Warrants to be issued in an amount equal to the number of the Exercised Shares underlying any Investor Warrants. The New Warrants are exercisable six months and one day after issuance and terminate on the date that is five years following the initial exercise date. The New Warrants have an exercise price per share of $0.3004, which was the Nasdaq Official Closing Price on December 13, 2019. On January 22, 2020, the Company entered into the Private Transaction pursuant to the Agreement with the holder of the Company’s Original Warrants. The Original Warrants were originally issued on October 3, 2017, to purchase an aggregate of 500,000 shares of Common Stock, at an exercise price of $3.90 per share and were to expire in October 2022. Pursuant to the Agreement, the holder of the Original Warrants and the Company agreed that such Original Warrant holder would exercise its Original Warrants in full and the Company would amend the Original Warrants to reduce the exercise price thereof to $0.34 (the average closing price of the Common Stock (as reflected on Nasdaq.com) for the five trading days immediately preceding the signing of the Agreement). The Company received approximately $170,000 from the exercise of the Original Warrants. The placement agent received warrants to purchase 50,000 shares at an exercise price of $0.34 per share. Pursuant to the SPA described in Note 10, the Company issued to the note holders warrants to purchase 65,476,191 shares of Common Stock, exercisable for a period of five years at an initial exercise price of $0.26 per share. The placement agent received warrants to purchase 6,547,619 shares at an exercise price of $0.26 per share. On May 15, 2020 stockholders of the Company approved the reduction in warrants exercise price for the 2020 Convertible Notes holders to $0.21. During the three months ended June 30, 2020, certain warrant holders exercised warrants for 29,000,526 shares of Common Stock at $0.21 per share in cash. Certain other warrant holders exercised 41,508,189, warrants on a cashless basis, resulting in the issuance of 37,449,140 shares of Common Stock. Estimated fair value of the exercised warrants immediately before the exercise was $219,034,621. Estimated fair value of warrants outstanding at June 30, 2020 was $3,179,569. During the three months ended June 30, 2020 the Company recognized revaluation loss associated with all warrants issued to the note holders and placement agent of $208,760,698. The fair values of derivative warrants attached to the 2020 Convertible Notes were determined based on Level 3 inputs, using the Black-Scholes-Merton model with standard valuation inputs. The valuation inputs used to value the warrants at March 31, 2020 included expected volatility of 89.91%, and annual interest rate of 0.37%. The valuation inputs for the warrants outstanding at June 30, 2020 included expected volatility of 113.47%, and annual risk-free interest rate of 0.28%. On May 15, 2020 stockholders of the Company approved the reduction of all previously issued warrants held by the 2020 Convertible Notes holders exercise price to $0.21. The repricing of the warrants resulted in a deemed dividend of $1,840,384, which was charged to additional paid in capital for warrants issued in connection with prior equity instruments and a warrant repricing loss of $744,321 recorded in Company’s consolidated statements of operations, if the warrants were issued in connection with prior debt transaction. All warrants were repriced using standard Black-Scholes-Merton valuation model. The valuation inputs for warrant repricing exercise included expected volatility varying between 98.56% and 203.81% and annual risk-free interest rate of approximately 0.2%. During the three months ended June 30, 2020, certain warrant holders exercised 655,757 warrants for shares of Common Stock at $0.21 per share in cash. Certain other warrant holders exercised 8,506,706 warrants on a cashless basis, resulting in the issuance of 7,551,288 shares of Common Stock. On May 25, 2020, the Company issued to an individual and his management company 2,284,172 warrants to purchase shares of Common Stock at $1.39 per share for his involvement with the production and distribution of a television series being developed by the Company. The warrants have a 10-year term and are fully vested upon issuance. The warrants become immediately exercisable in whole upon the earlier of May 21, 2021 or the first date the series is exhibited on television or is otherwise available for viewing through a streaming service or otherwise on the internet. The Company anticipates the warrants will become exercisable by December 31, 2020. The warrants were valued at $3,174,806 using the Black-Scholes option pricing model. The warrants were issued as an advance payment against participation amounts that will become due to the individual upon the performance of the series. The warrants are being accounted as non-employee compensation expense which has been recorded as prepaid participation expense over the expected exercise period. As of June 30, 2020, $519,514 was recorded as prepaid participation expense. The valuation inputs for the warrants included expected volatility of 253.01%, and annual risk-free interest rate of 0.7%. The following table summarizes the changes in the Company’s outstanding warrants during the six months ended June 30, 2020: Warrants Outstanding Number Of Shares Exercise Prices Per Share Weighted Average Remaining Contractual Life Weighted Average Exercise Price Per Share Balance at December 31, 2019 11,124,405 $ 3.30 - 6.00 4.37 years $ 1.74 Warrants Granted 74,357,982 $ 0.21 - 1.39 4.88 years $ 0.25 Warrants Exercised 80,208,179 $ 0.21 - 5.30 4.62 years $ 0.25 Warrants Expired – $ – – $ – Balance at June 30, 2020 5,274,208 $ 0.21 - 5.30 6.66 years $ 1.49 Exercisable December 31, 2019 7,176,620 $ 0.76 - 6.00 3.77 years $ 2.52 Exercisable June 30, 2020 2,940,036 $ 0.21 - 5.30 3.71 years $ 1.59

16. Income Taxes

16. Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 16: Income Taxes The Company accounts for income taxes in accordance with Accounting Standards Codification Topic 740 Income Taxes (“Topic 740”), which requires the recognition of deferred tax liabilities and assets at currently enacted tax rates for the expected future tax consequences of events that have been included in the financial statements or tax returns. A valuation allowance is recognized to reduce the net deferred tax asset to an amount that is more likely than not to be realized. Topic 740 provides guidance on the accounting for uncertainty in income taxes recognized in a company’s financial statements. ASC 740 requires a company to determine whether it is more likely than not that a tax position will be sustained upon examination based upon the technical merits of the position. If the more-likely-than-not threshold is met, a company must measure the tax position to determine the amount to recognize in the financial statements. The Company includes interest and penalties arising from the underpayment of income taxes in the consolidated statements of operation in the provision for income taxes. As of June 30, 2020, and December 31, 2019, the Company had no accrued interest or penalties related to uncertain tax positions. The Company files income tax returns in the U.S. federal jurisdiction and in the state of California and Massachusetts. The Company is currently subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities since inception of the Company.

17. Commitment and Contingencie

17. Commitment and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitment and Contingencies	Note 17: Commitment and Contingencies In February 2016, the FASB issued Accounting Standards Update 2016-02, “Leases.” The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. For practically all leases, a lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2018. In July 2018, the FASB issued ASU 2018-11, Leases (“Topic 842”), Targeted Improvements, which allows for an additional optional transition method where comparative periods presented in the financial statements in the period of adoption will not be restated and instead those periods will be presented under existing guidance in accordance with ASC 840, Leases. Management will use this optional transition method. As of January 1, 2019, management recorded lease liability of $2,071,903, right-of-use asset of $2,153,747, accumulated amortization of $124,070, a reversal of previously recorded deferred rent of $37,920 and the increase in accumulated deficit of $4,306. As of June 30, 2020, weighted-average lease term for operating leases equals to 76.52 months. Weighted-average discount rate equals to 10.31%. On February 6, 2018, the Company entered into an operating lease for 6,969 square feet of general office space at 131 South Rodeo Drive, Suite 250, Beverly Hills, CA 90212 pursuant to a 91-month lease that commenced on May 25, 2018. We will pay rent of $364,130 annually, subject to annual escalations of 3.5%. Effective January 21, 2019, the Company entered into a sublease for the 6,969 square feet of general office space located at 131 South Rodeo Drive, Suite 250, Beverly Hills, CA 90212 pursuant to an 83-month sublease that commenced on February 4, 2019, 2019. The subtenant will pay us rent of $422,321 annually, subject to annual escalations of 3.5%. Since on or about April 2020, the subtenant has failed to make any rent payments. Consequently, the Company, which had been passing through the subtenant’s rental payments to the landlord declined to pay the rent due. The Company is engaged in ongoing discussions with both the subtenant and the landlord to resolve the default by the subtenant. On January 30, 2019, we entered into an operating lease for 5,838 square feet of general office space at 190 N. Canon Drive, Suite 400, Beverly Hills, CA 90210 pursuant to a 96-month lease that is scheduled to commence on August 1, 2019. We will pay rent of $392,316 annually, subject to annual escalations of 3.5%. Due to the ongoing pandemic, the Company has not been able to lawfully enjoy the use of its office space and the majority of the employees are working remotely. Consequently, the Company has elected to defer the payment of rent. We are currently in ongoing discussions with our landlord regarding a rent deferral or possible abatement. In addition, the Company has contractual commitments for employment agreements of certain employees. Rental expenses incurred for operating leases during the three months ended June 30, 2020 and June 30, 2019 were $207,839 and $176,664, respectively. Rental expenses incurred for operating leases during the six months ended June 30, 2020 and June 30, 2019 were $415,678 and $321,457, respectively. During the three months ended June 30, 2020, we received sub-lease income of $121,070. During the six months ended June 30, 2019, we received sub-lease income of $238,484. The following is a schedule of future minimum contractual obligations as of June 30, 2020, under the Company’s operating leases and employment agreements: 2020 2021 2022 2023 2024 Thereafter Total Operating Leases $ 347,557 $ 744,056 $ 840,125 $ 871,679 $ 904,423 $ 1,871,252 $ 5,579,093 Employment Contracts 309,494 421,629 322,950 282,581 – – 1,336,654 Consulting Contracts 265,000 323,333 150,000 – – – 738,333 $ 922,051 $ 1,489,018 $ 1,313,075 $ 1,154,260 $ 904,423 $ 1,871,252 $ 7,654,079

18. Related Party Transactions

18. Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 18: Related Party Transactions On April 21, 2016, the Company entered into a merchandising and licensing agreement with Andy Heyward Animation Art (“AHAA”), whose principal is Andy Heyward, the Company’s Chief Executive Officer. The Company entered into a customary merchandise license agreement with AHAA for the use of characters and logos related to Warren Buffett’s Secret Millionaires Club Stan Lee’s Mighty 7 On August 31, 2018, Llama entered into an animation production services agreement with Mr. Heyward for services as a producer for which he is to receive $124,000 through the course of production of the Company’s animated series Llama Llama. Season 2. Pursuant to his employment agreement dated November 16, 2018, Mr. Heyward is entitled to an Executive Producer fee of $12,400 per half hour episode for each episode he provides services as an executive producer. The first identified series under this employment agreement is Rainbow Rangers. Rainbow Rangers Season 2. On September 17, 2019, Mr. Heyward purchased $500,000 of the August 2018 Secured Convertible Notes from another holder. The Company did not receive any proceeds from this transaction. On October 2, 2019, Mr. Heyward purchased 1,000,000 shares of Common Stock for an aggregate purchase price of $760,000, or $0.76 per share. On March 11, 2020, Mr. Heyward purchased $1,000,000 of the 2020 Convertible Notes with an original discount of $250,000. On June 19, 2020, Mr. Heyward received 5,658,474 shares of Common Stock upon the cashless exercise of 6,119,048 warrants. On June 23 , As of June 30, 2020, Andy Heyward is owed $91,006 for reimbursable expenses which are included in the Due To Related Parties line item on our condensed consolidated balance sheet.

19. Subsequent Events

19. Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Note 19: Subsequent Events On June 8, 2020, the Company received $55,011 for the exercise of 16,670 warrants at $3.30 per share. The shares were issued on July 21, 2020 accordingly the $55,011 is included in accrued expenses at June 30, 2020. On July 15, 2020, the Company issued 32,609 shares of Common Stock valued at $2.30 per share to a provider for marketing services. On July 21, 2020, the Company entered into a two-year production, marketing and sale of animation cells agreement with AHAA. The Company will contribute characters which are owned and/or controlled by the Company. AHAA will be responsible for providing the funding for the project and the artwork for the cells as well as all operational functions and costs. AHAA will pay the Company a 15% royalty on all cell sales of any Company owned or controlled property. On July 22, 2020, the Company issued 124,449 shares of Common Stock valued at $2.30 per share to the same provider for marketing services. On or about July 6, 2020, the Company and POW! entered into an agreement to form a joint venture to be called “Stan Lee Universe, LLC” (the “JV”). The JV will hold worldwide rights, on a perpetually renewing basis, to the name, physical likeness, and physical signature of Stan Lee. Further, the JV will have access to the POW! catalogue of intellectual property, created by Stan Lee, to exploit in live-action and animated motion pictures, television, online, digital, publishing, comic book, and merchandising and licensing. The agreement is subject to due diligence and documentation. As currently agreed, the Company will be the managing partner of the JV On August 6, 2020, the Board of Directors approved, subject to stockholder approval, a proposed amendment to the Company’s Articles of Incorporation, as amended, to increase the authorized number of shares of the Company’s common stock from 233,333,334 to 400,000,000 in order to enable the Company to efficiently take advantage of accretive opportunities, largely targeting acquisitions, which may arise and provide enriched shareholder value as the media industry undergoes a period of consolidation and the 2020 Incentive Plan, which (if approved by the Company’s stockholders) will replace the Company’s 2015 Amended Incentive Plan for all future equity-based incentive awards and enable the Company to attract, motivate, and retain qualified individuals upon whom its business and accretive growth strategy depends. On July 21, 2020, 16,670 warrants were exercised at $3.30 per share.

2. Summary of Significant Acc_2

2. Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying 2020 and 2019 condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
Principles of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Genius Brands International, Inc., its wholly-owned subsidiaries A Squared LLC, Llama Productions LLC and Rainbow Rangers Productions LLC, as well as its interest in Stan Lee Comics, LLC (“Stan Lee Comics”). All significant inter-company balances and transactions have been eliminated in consolidation. The condensed consolidated financial statements have been prepared using the acquisition method of accounting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 Business Combinations.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid debt instruments with initial maturities of three months or less to be cash equivalents. As of June 30, 2020, and December 31, 2019, the Company had Cash and Cash Equivalents of $54,382,775 and $305,121, respectively.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts Accounts receivable are presented on the balance sheets net of estimated uncollectible amounts. The Company assesses its accounts receivable balances on a quarterly basis to determine collectability and records an allowance for estimated uncollectible accounts in an amount approximating anticipated losses based on historical experience and future expectations. Individual uncollectible accounts are written off against the allowance when collection of the individual accounts appears doubtful. The Company had an allowance for doubtful accounts of $99,792 for June 30, 2020 and $0 as of December 31, 2019.
Inventory	Inventories Inventories are stated at the lower of average cost or net realizable value and consist of finished goods such as DVDs, CDs and other products. A reserve for slow-moving and obsolete inventory is established for all inventory deemed potentially non-saleable. The current inventory is considered properly valued and saleable. The Company concluded that there was an appropriate reserve for slow moving and obsolete inventory of $0 at both June 30, 2020 and December 31, 2019.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Depreciation on property and equipment is computed using the straight-line method over the estimated useful lives of the assets, which range from two to seven years. Maintenance, repairs, and renewals, which neither materially add to the value of the assets nor appreciably prolong their lives, are charged to expense as incurred. Gains and losses from any dispositions of property and equipment are reflected in the condensed consolidated statement of operations.
Right of Use Leased Assets	Right of Use Leased Assets In February 2016, the FASB issued Accounting Standards Update 2016-02, “Leases.” The standard requires lessees to recognize the assets and liabilities that arise from leases on the balance sheet. A lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing its right to use the underlying asset for the lease term. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2018. The amendments should be applied at the beginning of the earliest period presented using a modified retrospective approach with earlier application permitted as of the beginning of an interim or annual reporting period. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842), Targeted Improvements, which allows for an additional optional transition method where comparative periods presented in the financial statements in the period of adoption will not be restated and instead those periods will be presented under existing guidance in accordance with ASC 840, Leases. Management used this optional transition method. As of January 1, 2019, management recorded lease liability of $2,071,903, right-of-use asset of $2,153,747, accumulated amortization of $124,070, a reversal of previously recorded deferred rent of $37,920 and the increase in accumulated deficit of $4,306.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill represents the excess of purchase price over the estimated fair value of net assets acquired in business combinations accounted for by the purchase method. In accordance with FASB ASC 350 Intangibles Goodwill and Other, goodwill and certain intangible assets are presumed to have indefinite useful lives and are thus not amortized, but subject to an impairment test annually or more frequently if indicators of impairment arise. The Company completes the annual goodwill and indefinite-lived intangible asset impairment tests at the end of each fiscal year. To test for goodwill impairment, we are required to estimate the fair market value of each of our reporting units, of which we have one. While we may use a variety of methods to estimate fair value for impairment testing, our primary method is discounted cash flows. We estimate future cash flows and allocations of certain assets using estimates for future growth rates and our judgment regarding the applicable discount rates. Changes to our judgments and estimates could result in a significantly different estimate of the fair market value of the reporting units, which could result in an impairment of goodwill or indefinite lived intangible assets in future periods. Other intangible assets have been acquired, either individually or with a group of other assets, and were initially recognized and measured based on fair value. Annual amortization of these intangible assets is computed based on the straight-line method over the remaining economic life of the asset.
Debt and Attached Equity-Linked Instruments	Debt and Attached Equity-Linked Instruments The Company measures issued debt on an amortized cost basis, net of debt premium/discount and debt issuance costs amortized using the effective interest rate method or the straight-line method when the latter does not lead to materially different results. The Company accounts for the proceeds from the issuance of convertible notes payable in accordance with FASB ASC 470-20 Debt with Conversion and Other Options. Pursuant to FASB ASC 470-20, the intrinsic value of the embedded conversion feature (beneficial conversion interest), which is in the money on the commitment date is included in the discount to debt and amortized to interest expense over the term of the note agreement. When the conversion option is not separated, the Company accounts for the entire convertible instrument including debt and the conversion feature as a liability. The Company analyzes freestanding equity-linked instruments including warrants attached to debt to conclude whether the instrument meets the definition of the derivative and whether it is considered indexed to the Company’s own stock. If the instrument is not considered indexed to the Company’s stock, it is classified as an asset or liability recorded at fair value. If the instrument is considered indexed to the Company’s stock, the Company analyzes additional equity classification requirements per ASC 815-40 Contract’s in Entity’s Own Equity. When the requirements are met the instrument is recorded as part of the Company’s equity, initially measured based on its relative fair value with no subsequent re-measurement. When the equity classification requirements are not met, the instrument is recorded as an asset or liability and is measured at fair value with subsequent changes in fair value recorded in earnings. When required, the Company also considers the bifurcation guidance for embedded derivatives per FASB ASC 815-15 Embedded Derivatives.
Film and Television Costs	Film and Television Costs The Company capitalizes production costs for episodic series produced in accordance with FASB ASC 926-20 Entertainment-Films - Other Assets - Film Costs. Accordingly, production costs are capitalized at actual cost and then charged against revenue based on the initial market revenue evidenced by a firm commitment over the period of commitment. The Company expenses all capitalized costs that exceed the initial market firm commitment revenue in the period of delivery of the episodes. The Company capitalizes production costs for films produced in accordance with FASB ASC 926-20 Entertainment - Films - Other Assets - Film Costs. Accordingly, production costs are capitalized at actual cost and then charged against revenue quarterly as a cost of production based on the relative fair value of the film(s) delivered and recognized as revenue. The Company evaluates its capitalized production costs annually and limits recorded amounts by their ability to recover such costs through expected future sales. In March 2019, the FASB issued ASU No. 2019-02, Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters Intangibles-Goodwill and Other (Subtopic 920-350). The update aligns the accounting for production costs of an episodic television series with the accounting for production costs of films by removing the content distinction for capitalization. The amendments also require that an entity reassess estimates of the use of a film in a film group and account for any changes prospectively. The amendments in this update require that an entity test a film or license agreement for program material within the scope of Subtopic 920-350 for impairment at a film group level when the film or license agreement is predominantly monetized with other films and/or license agreements. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We have prospectively adopted ASU 2019-02. The impact to our consolidated financial position, results of operations and cash flows were not material. Additionally, for both episodic series and films, from time to time, the Company develops additional content, improved animation and bonus songs/features for its existing content. After the initial release of the film or episodic series, the costs of significant improvement to existing products are capitalized while routine and periodic alterations to existing products are expensed as incurred.
Revenue Recognition	Revenue Recognition On January 1, 2018, the Company adopted the new accounting standard ASC 606 (“Topic 606”), Revenue from Contracts with Customers and all the related amendments (“new revenue standard”) using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. As a result of the change, beginning January 1, 2018, the Company began recognizing revenue related to licensed rights to exploit functional IP in two ways. For minimum guarantees, the Company recognizes fixed revenue upon delivery of content and the start of the license period. For functional IP contracts with a variable component, the Company estimates revenue such that it is probable there will not be a material reversal of revenue in future periods. Revenue under these types of contracts was previously recognized when royalty statements were received. The Company began recognizing revenue related to licensed rights to exploit symbolic IP substantially similarly to functional IP. Although it has a different recognition pattern from functional IP, the valuation method is substantially the same, depending on the nature of the license. The Company sells advertising on its Kid Genius channel in the form of either flat rate promotions or impressions served. For flat rate promotions with a fixed term, the Company recognizes revenue when all five revenue recognition criteria under FASB ASC 606 are met. For impressions served, the Company delivers a certain minimum number of impressions on the channel to the advertiser for which the advertiser pays a contractual CPM per impression. Impressions served are reported to the Company on a monthly basis, and revenue is reported in the month the impressions are served. The Company recognizes revenue related to product sales when (i) the seller’s price is substantially fixed, (ii) shipment has occurred causing the buyer to be obligated to pay for product, (iii) the buyer has economic substance apart from the seller, and (iv) there is no significant obligation for future performance to directly bring about the resale of the product by the buyer.
Direct Operating Costs	Direct Operating Costs Direct operating costs include costs of our product sales, non-capitalizable film costs, film and television cost amortization expense, and participation expense related to agreements with various animation studios, post-production studios, writers, directors, musicians or other creative talent with which we are obligated to share net profits of the properties on which they have rendered services.
Share-Based Compensation	Share-Based Compensation As required by FASB ASC 718 - Stock Compensation, the Company recognizes an expense related to the fair value of our share-based compensation awards, including stock options, using the Black-Scholes calculation as of the date of grant. The Company has elected to use the graded attribution method for awards which are in-substance, multiple awards based on the vesting schedule.
Earnings Per Share	Earnings Per Share Basic earnings (loss) per common share (“EPS”) is calculated by dividing net income (loss) applicable to common shareholders by the weighted average number of shares of Common Stock outstanding for the period. Diluted EPS is calculated by dividing net income (loss) applicable to common shareholders by the weighted average number of shares of Common Stock outstanding, plus the assumed exercise of all dilutive securities using the treasury stock or “as converted” method, as appropriate. During periods of net loss, all Common Stock equivalents are excluded from the diluted EPS calculation because they are antidilutive.
Income Taxes	Income Taxes Deferred income tax assets and liabilities are recognized based on differences between the financial statement and tax basis of assets and liabilities using presently enacted tax rates. At each balance sheet date, the Company evaluates the available evidence about future taxable income and other possible sources of realization of deferred tax assets and records a valuation allowance that reduces the deferred tax assets to an amount that represents management’s best estimate of the amount of such deferred tax assets that more likely than not will be realized.
Concentration of Risk	Concentration of Risk The Company’s cash is maintained at three financial institutions and from time to time the balances for this account exceed the Federal Deposit Insurance Corporation’s (“FDIC”) insured amount. Balances on interest bearing deposits at banks in the United States are insured by the FDIC up to $250,000 per account. As of June 30, 2020, the Company had four accounts with an uninsured balance of $53,365,354. For the three months ended June 30, 2020, the Company had one customer whose total revenue exceeded 10% of the total consolidated revenue. That customer accounted for 46% of the total revenue and 13% of accounts receivable. One other customer accounted for 56% of accounts receivable. For the six months ended June 30, 2020, the Company had one customer whose total revenue exceeded 10% of the total consolidated revenue. That customer accounted for 29% of the total revenue and 13% of accounts receivable. One other customer accounted for 56% of accounts receivable. For three and six months ended June 30, 2019, the Company had two customers whose total revenue each exceeded 10% of the total consolidated revenue. Those customers accounted for 52% and 57% of the total revenue respectively for the three and six months ended June 30, 2019 respectively. The Company had three customers that represented 75% of accounts receivable as of June 30, 2019.
Fair value of financial instruments	Fair value of financial instruments The carrying amounts of cash, receivables, accounts payable, and accrued liabilities approximate fair value due to the short-term maturity of the instruments. The carrying amount of the Production Loan Facility approximates fair value since the debt carries a variable interest rate that is tied to either the current Prime or LIBOR rates plus an applicable spread. The Company adopted FASB ASC 820 as of January 1, 2008, for financial instruments measured at fair value on a recurring basis. FASB ASC 820 defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP and expands disclosures about fair value measurements. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC Topic 820 establishes a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). These tiers include: · Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets; · Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and · Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2019, the FASB issued ASU No. 2019-02, Entertainment-Films-Other Assets-Film Costs (Subtopic 926-20) and Entertainment-Broadcasters Intangibles-Goodwill and Other (Subtopic 920-350). The update aligns the accounting for production costs of an episodic television series with the accounting for production costs of films by removing the content distinction for capitalization. The amendments also require that an entity reassess estimates of the use of a film in a film group and account for any changes prospectively. The amendments in this update require that an entity test a film or license agreement for program material within the scope of Subtopic 920-350 for impairment at a film group level when the film or license agreement is predominantly monetized with other films and/or license agreements. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. We have prospectively adopted ASU 2016-18. The impact to our consolidated financial position, results of operations and cash flows were not material. Various other accounting pronouncements have been recently issued, most of which represented technical corrections to the accounting literature or were applicable to specific industries and are not expected to have a material effect on our financial position, results of operations, or cash flows.

3. Property and Equipment, Net

3. Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	The Company has property and equipment as follows as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Furniture and Equipment $ 19,419 $ 19,419 Computer Equipment 144,643 144,643 Leasehold Improvements 14,182 14,182 Software 15,737 15,737 Property and Equipment, Gross 193,981 193,981 Less Accumulated Depreciation (156,180 ) (129,105 ) Property and Equipment, Net $ 37,801 $ 64,876

4. Right of Use Leased Asset (T

4. Right of Use Leased Asset (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of right of use asset	Right of use asset consisted of the following as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 Office Lease Asset $ 2,155,237 $ 2,155,237 Printer Lease Asset 2,245,093 2,245,093 Right Of Use Asset, Gross 4,400,330 4,400,330 Office Lease Accumulated Amortization (436,128 ) (321,773 ) Printer Lease Accumulated Amortization (172,069 ) (68,720 ) Right Of Use Asset, Net $ 3,792,133 $ 4,009,837

5. Film and Television Costs,_2

5. Film and Television Costs, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Film, Capitalized Cost [Abstract]
Schedule of film and television costs activity	The following table highlights the activity in Film and Television Costs of June 30, 2020, and December 31, 2019: Total Film and Television Costs, Net as of December 31, 2018 $ 8,166,131 Additions to Film and Television Costs 3,920,013 Capitalized Interest 50,765 Film Amortization Expense (2,230,024 ) Film and Television Costs, Net as of December 31, 2019 9,906,885 Additions to Film and Television Costs 381,778 Capitalized Interest – Film Amortization Expense (292,363 ) Film and Television Costs, Net as of June 30, 2020 $ 9,996,300

6. Goodwill and Intangible As_2

6. Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2020
Warrant weighted average exercise price per share, exercisable
Schedule of Intangible Asset	The Company had the following intangible assets as of June 30, 2020, and December 31, 2019: June 30, 2020 December 31, 2019 Trademarks (a) $ 129,831 $ 129,831 Other Intangible Assets (a) 273,028 272,528 Intangible Assets, Gross 402,859 402,359 Less Accumulated Amortization (b) (372,414 ) (350,776 ) Intangible Assets, Net $ 30,445 $ 51,583 (a) Pursuant to FASB ASC 350-30-35, the Company reviews these intangible assets periodically to determine if the value should be retired or impaired due to recent events. Through June 30, 2019, the Company has not recognized any impairment expense related to these assets. (b) During the three months ended June 30, 2020 and June 30, 2019, the Company recognized $10,847 and $9,720, respectively, in amortization expense related to the Trademarks, and Other Intangible Assets. During the six months ended June 30, 2020 and June 30, 2019, the Company recognized $21,638 and $19,492, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.

8. Accrued Liabilities - Curr_2

8. Accrued Liabilities - Current (Tables)	6 Months Ended
	Jun. 30, 2020
Payables and Accruals [Abstract]
Schedule of other accrued liabilities	As of June 30, 2020, and December 31, 2019, the Company has the following current accrued liabilities: June 30, 2020 December 31, 2019 Other Accrued Expenses (a) $ 220,099 $ 124,940 Accrued Salaries and Wages (b) 301,281 231,481 Total Accrued Liabilities – Current $ 521,380 $ 356,421 (a) Represents accrued interest, insurance liability and lease deposit on sub-lease. (b) Represents accrued salaries and wages and accrued vacation payable to employees for the six months ended June 30, 2020 and the year ended December 31, 2019.

14. Stock Options (Tables)

14. Stock Options (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of assumptions used	The fair value of these options was determined to be $2,649,379 using the Black-Scholes option pricing model based on the following assumptions: Exercise Price $2.61 - $10.00 Dividend Yield 0% Volatility 122% Risk-free interest rate 0.31% Expected life of options 5.0 years
Schedule of stock option activity	The following table summarizes the changes in the Company’s stock option plan during the six months ended June 30, 2020: Options Outstanding Number Of Shares Exercise Prices Per Share Weighted Average Remaining Contractual Life Weighted Average Exercise Price Per Share Aggregate Intrinsic Value Balance at December 31, 2019 1,289,866 $ 1.99 - 12.00 6.49 years $ 7.18 – Options Granted 630,000 $ 2.61 - 10.00 4.99 years $ 5.08 – Options Exercised – $ – – $ – – Options Cancelled 2,000 $ 1.99 3.69 years $ 1.99 – Options Expired – $ – – $ – – Balance at June 30, 2020 1,917,866 $ 1.99 - 10.00 2.26 years $ 3.49 – Exercisable December 31, 2019 1,176,416 $ 1.99 - 9.00 6.25 years $ 7.67 – Exercisable June 30, 2020 1,321,142 $ 1.99 - 3.17 1.12 years $ 2.69 –

15. Warrants (Tables)

15. Warrants (Tables)	6 Months Ended
	Jun. 30, 2020
Warrants and Rights Note Disclosure [Abstract]
Schedule of warrant activity	The following table summarizes the changes in the Company’s outstanding warrants during the six months ended June 30, 2020: Warrants Outstanding Number Of Shares Exercise Prices Per Share Weighted Average Remaining Contractual Life Weighted Average Exercise Price Per Share Balance at December 31, 2019 11,124,405 $ 3.30 - 6.00 4.37 years $ 1.74 Warrants Granted 74,357,982 $ 0.21 - 1.39 4.88 years $ 0.25 Warrants Exercised 80,208,179 $ 0.21 - 5.30 4.62 years $ 0.25 Warrants Expired – $ – – $ – Balance at June 30, 2020 5,274,208 $ 0.21 - 5.30 6.66 years $ 1.49 Exercisable December 31, 2019 7,176,620 $ 0.76 - 6.00 3.77 years $ 2.52 Exercisable June 30, 2020 2,940,036 $ 0.21 - 5.30 3.71 years $ 1.59

17. Commitment and Contingenc_2

17. Commitment and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum lease payments	The following is a schedule of future minimum contractual obligations as of June 30, 2020, under the Company’s operating leases and employment agreements: 2020 2021 2022 2023 2024 Thereafter Total Operating Leases $ 347,557 $ 744,056 $ 840,125 $ 871,679 $ 904,423 $ 1,871,252 $ 5,579,093 Employment Contracts 309,494 421,629 322,950 282,581 – – 1,336,654 Consulting Contracts 265,000 323,333 150,000 – – – 738,333 $ 922,051 $ 1,489,018 $ 1,313,075 $ 1,154,260 $ 904,423 $ 1,871,252 $ 7,654,079

1. Organization and Business (D

1. Organization and Business (Details Narrative) - USD ($)	Jun. 23, 2020	May 08, 2020	May 07, 2020	Jun. 23, 2020	Jun. 11, 2020	May 28, 2020	May 18, 2020	Apr. 30, 2020	Mar. 22, 2020	Jan. 22, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 18, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Net loss											$ (383,258,002)	$ (1,715,152)	$ (389,093,946)	$ (6,722,632)
Net Cash Used in Operating Activities													(2,331,260)	(2,550,140)
Accumulated deficit											(456,981,465)		(456,981,465)				$ (66,047,135)
Stockholders equity											63,218,056	9,190,612	63,218,056	9,190,612		$ 4,387,868	9,086,702	$ 10,767,514	$ 12,839,771
Current assets											58,460,486		58,460,486				4,646,249
Cash, Cash Equivalents, and Restricted Cash											54,382,775	$ 2,631,334	54,382,775	2,631,334			305,121		$ 3,085,026
Current liabilities											8,783,171		8,783,171				8,296,385
Working capital											49,677,315		49,677,315				$ (3,650,136)
Warrant exercise price					$ 0.21
Debt discount											$ 10,729,852		10,729,852
Proceeds from issuance of equity													$ 44,755,671	$ 1,757,552
Proceeds from exercise of warrants					$ 5,649,319
Warrants exercised					29,666,283
Investor [Member]
Proceeds from investors				$ 3,600,000
Common Stock [Member]
Stock converted, shares converted	65,476,190
January 2020 Offering [Member] | Warrants [Member]
Warrants issued										500,000
Warrant exercise price										$ 3.90
PPP [Member]
Proceeds from loans								$ 366,267
Interest rate								1.00%
Warrant Exercise Agreement [Member] | Private Transaction [Member]
Warrant exercise price										$ 0.34
Proceeds from exercise of warrants										$ 170,000					$ 718,879
Securities Purchase Agreement [Member] | Warrants [Member]
Stock issued new, shares		12,000,000	8,000,000			20,000,000	7,500,000		4,000,000
Proceeds from issuance of equity		$ 54,480,000	$ 2,800,000			$ 30,000,000	$ 9,000,000		$ 1,000,000
Sale price, per share		$ 0.454	$ 0.35			$ 1.50	$ 1.20		$ 0.2568

2. Significant Accounting Polic

2. Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Jan. 02, 2019
Cash and Cash Equivalents	$ 54,382,775	$ 54,382,775		$ 305,121
Allowance for doubtful accounts	99,792	99,792		0
Reserve for obsolete inventory	0	0		0
Uninsured cash balances	53,365,354	53,365,354
Right of use asset	$ 3,792,133	$ 3,792,133		$ 4,009,837
ASU 2018-11 [Member]
Lease liability					$ 2,071,903
Right of use asset					2,153,747
Accumulated amortization of right to use asset					124,070
Deferred rent					37,920
Increase in accumulated deficit					$ 4,306
Sales Revenue, Net [Member] | One Customer
Concentration risk percentage	46.00%	29.00%
Sales Revenue, Net [Member] | First Customer
Concentration risk percentage			52.00%
Sales Revenue, Net [Member] | Second Customer
Concentration risk percentage			57.00%
Accounts Receivable [Member] | One Customer
Concentration risk percentage	13.00%	13.00%
Accounts Receivable [Member] | One Other Customer
Concentration risk percentage	56.00%	56.00%
Accounts Receivable [Member] | Three Customer
Concentration risk percentage			75.00%

3. Property and Equipment, Ne_2

3. Property and Equipment, Net (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Property and equipment, gross	$ 193,981	$ 193,981
Less Accumulated Depreciation	(156,180)	(129,105)
Property and Equipment, Net	37,801	64,876
Furniture and Fixtures [Member]
Property and equipment, gross	19,419	19,419
Computer Equipment [Member]
Property and equipment, gross	144,643	144,643
Leasehold Improvements [Member]
Property and equipment, gross	14,182	14,182
Software [Member]
Property and equipment, gross	$ 15,737	$ 15,737

3. Property and Equipment, Ne_3

3. Property and Equipment, Net (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 13,537	$ 9,120	$ 27,075	$ 18,845

4. Right of Use Leased Asset (D

4. Right of Use Leased Asset (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Right of use asset, gross	$ 4,400,330	$ 4,400,330
Right of use asset, net	3,792,133	4,009,837
Office Lease [Member]
Right of use asset, gross	2,155,237	2,155,237
Total accumulated amortization	(436,128)	(321,773)
Printer Lease [Member]
Right of use asset, gross	2,245,093	2,245,093
Total accumulated amortization	$ (172,069)	$ (68,720)

4. Right of Use Leased Asset _2

4. Right of Use Leased Asset (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Amortization expense	$ 109,458	$ 37,059	$ 217,704	$ 214,101

5. Film and Television Costs,_3

5. Film and Television Costs, Net (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Film And Television Costs Net
Film and Television costs, beginning balance	$ 9,906,885	$ 8,166,131	$ 8,166,131
Additions to Film and Television Costs	381,778		3,920,013
Capitalized interest	0		50,765
Film Amortization Expense	(292,363)	$ (621,986)	(2,230,024)
Film and Television Costs, ending balance	$ 9,996,300		$ 9,906,885

5. Film and Television Costs,_4

5. Film and Television Costs, net (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Film And Television Costs Net
Film amortization expense	$ 185,748	$ 192,803	$ 292,363	$ 621,986

6. Goodwill and Intangible As_3

6. Goodwill and Intangible Assets, Net (Details - Intangibles) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Intangible assets	$ 402,859	$ 402,359
Less Accumulated Amortization	(372,414)	(350,776)
Net Intangible Assets	30,445	51,583
Trademarks [Member]
Intangible assets	129,831	129,831
Other Intangible Assets [Member]
Intangible assets	$ 273,028	$ 272,528

6. Goodwill and Intangible As_4

6. Goodwill and Intangible Assets, Net (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Amortization expense	$ 185,748	$ 192,803	$ 292,363	$ 621,986
Trademarks, Product Masters, and Other Intangible Assets [Member]
Amortization expense	$ 10,847	$ 9,720	$ 21,638	$ 19,492

7. Deferred Revenue (Details Na

7. Deferred Revenue (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Deferred revenue	$ 5,171,243	$ 5,108,953
Royalty Advance [Member]
Deferred revenue	$ 3,367,086	$ 3,367,086

8. Accrued Liabilities - Curr_3

8. Accrued Liabilities - Current (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Payables and Accruals [Abstract]
Other accrued expenses	$ 220,099	$ 124,940
Accrued Salaries and Wages	301,281	231,481
Total accrued liabilities	$ 521,380	$ 356,421

9. Secured Convertible Notes (D

9. Secured Convertible Notes (Details Narrative) - USD ($)	2 Months Ended	3 Months Ended		6 Months Ended		8 Months Ended
	Feb. 19, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Aug. 17, 2018	Jun. 11, 2020
Proceeds from convertible debt				$ 6,098,000	$ 0
Beneficial conversion feature		$ 0	$ 0	0	322,240
Warrant exercise price							$ 0.21
Loss on extinguishment of debt		0	0	0	(3,352,155)
Fair value of warrants		$ 208,760,698	$ 0	212,228,659	$ 0
Purchase Agreement [Member] | Amendment to February 2019 Offering [Member] | Warrants [Member]
Warrants issued, shares	1,800,000
Warrant exercise price	$ 2.55
Loss on extinguishment of debt	$ (2,064,193)
Purchase Agreement [Member] | Secured Convertible Notes [Member]
Proceeds from convertible debt						$ 4,500,000
Debt maturity date						Aug. 20, 2019
Debt interest rate						10.00%
Conversion price per share						$ 2.50
Amortization discount				$ 7,288

10. Senior Secured Convertibl_2

10. Senior Secured Convertible Notes (Details Narrative) - USD ($)	Jun. 23, 2020	Mar. 11, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 11, 2020
Proceeds from convertible debt					$ 6,098,000	$ 0
Warrant exercise price							$ 0.21
Interest expenses			$ 430,606	$ 137,542	1,151,609	$ 666,744
Common Stock [Member]
Stock converted, shares converted	65,476,190
Secured Convertible Notes [Member]
Interest expenses			401,814		1,033,666
Unamortized discount			$ 0		$ 0
Purchase Agreement [Member] | Secured Convertible Notes [Member]
Debt carrying amount		$ 13,750,000
Proceeds from convertible debt		$ 7,000,000
Warrants issued, shares		65,476,190
Warrant exercise price		$ 0.26
Purchase Agreement [Member] | Investor Notes [Member]
Debt carrying amount		$ 3,600,000

11. Production Loan Facility (D

11. Production Loan Facility (Details Narrative) - Llama Productions [Member] - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Credit line initiation date	Aug. 8, 2016
Credit line term	40 months
Credit line interest rate	Either Prime plus 1% or one, three, or six month LIBOR plus 3.25%
Credit line effective interest rates	3.57% and 4.99%
Net borrowings under the facility	$ 1,889,426	$ 3,091,739

12. Disputed Trade Payable (Det

12. Disputed Trade Payable (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Reload Warrants [Member]
Disputed Trade Payable	$ 925,000	$ 925,000

13. Stockholders' Equity (Detai

13. Stockholders' Equity (Details Narrative) - USD ($)	Jun. 23, 2020	May 08, 2020	May 07, 2020	Jan. 09, 2020	Jan. 08, 2020	Jun. 24, 2020	Jun. 23, 2020	Jun. 22, 2020	Jun. 19, 2020	Jun. 11, 2020	May 28, 2020	May 18, 2020	Mar. 22, 2020	Jan. 22, 2020	Oct. 22, 2019	Feb. 19, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 18, 2019	Dec. 31, 2019
Proceeds from issuance of equity																			$ 44,755,671	$ 1,757,552
Beneficial conversion feature																	$ 0	$ 0	$ 0	$ (322,240)
Shares authorized																	233,333,334		233,333,334			233,333,334
Common shares outstanding																	218,856,170		218,856,170			21,877,724
Preferred stock issued																	100		100			1,097
Preferred stock outstanding																	100		100			1,097
Stock issued for services, shares								49,610
Warrant exercise price										$ 0.21
Proceeds from exercise of warrants										$ 5,649,319
Warrants exercised										29,666,283
Common Stock [Member]
Stock converted, shares issued				1,571,428		1,571,430									296,053
Stock converted, shares converted	65,476,190
Series A Convertible Preferred Stock [Member]
Stock converted, shares converted						330									225
Conversion price						$ 0.21									$ 0.76
Convertible Preferred Stock [Member]
Stock converted, shares converted				667
Conversion price				$ 0.21
Investor Relations [Member]
Shares issued, price per share					$ 0.65
Stock issued for settlement, shares					43,077
Warrant Exercise Agreement [Member] | Private Transaction [Member]
Warrant exercise price														$ 0.34
Proceeds from exercise of warrants														$ 170,000							$ 718,879
Investor [Member]
Proceeds from investors							$ 3,600,000
Warrants [Member] | Securities Purchase Agreement [Member]
Stock issued new, shares		12,000,000	8,000,000								20,000,000	7,500,000	4,000,000
Proceeds from issuance of equity		$ 54,480,000	$ 2,800,000								$ 30,000,000	$ 9,000,000	$ 1,000,000
Sale price, per share		$ 0.454	$ 0.35								$ 1.50	$ 1.20	$ 0.2568
Warrants [Member] | Warrant Holders [Member]
Warrant exercise price																	$ 0.21		$ 0.21
Warrants exercised																	29,000,526
Warrants [Member] | NoteHolders [Member]
Warrants issued														65,476,191
Warrant exercise price														$ 0.26
Warrants [Member] | Warrant Holders [Member]
Stock issued new, shares									45,000,428
Warrants exercised									50,014,895
February 2019 Offering [Member]
Proceeds from issuance of equity																$ 1,757,552
February 2019 Offering [Member] | Warrants [Member]
Warrants issued																945,894
Warrant exercise price																$ 2.12
February 2019 Offering [Member] | Warrants [Member] | The Purchaser [Member]
Warrants issued																945,894
February 2019 Offering [Member] | Warrants [Member] | The Purchaser [Member] | Price Decrease [Member]
Beneficial conversion feature																$ (322,240)
February 2019 Offering [Member] | Common Stock [Member]
Stock issued new, shares																945,894
January 2020 Offering [Member] | Warrants [Member]
Warrants issued														500,000
Warrant exercise price														$ 3.90

14. Stock Options (Details - As

14. Stock Options (Details - Assumptions) - Stock Options [Member]	6 Months Ended
	Jun. 30, 2020$ / shares
Dividend yield	0.00%
Volatility	122.00%
Risk-free interest rate	0.31%
Expected life	5 years
Minimum [Member]
Exercise price	$ 2.61
Maximum [Member]
Exercise price	$ 10

14. Stock Options (Details-Opti

14. Stock Options (Details-Option activity) - Stock Options [Member] - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Stock Options
Number of Options outstanding beginning balance	1,289,866
Number of Options Granted	630,000
Number of Options Exercised
Number of Options Cancelled	2,000
Number of Options Expired
Number of Options outstanding ending balance	1,917,866	1,289,866
Number of Options exercisable	1,321,142	1,176,416
Exercise Price Per Share
Exercise price per share, range	1.99 - 12.00
Exercise price per share, options granted	2.61 - 10.00
Exercise price per share, options cancelled	1.99
Exercise prices at period end	1.99 - 10.00
Exercise price per share, exercisable	1.99 - 3.17	1.99 - 9.00
Weighted Average Remaining Contractual Life
Weighted Average Remaining Contractual Life	2 years 3 months 4 days	6 years 5 months 27 days
Weighted average remaining contractual life, options granted	3 years 8 months 9 days
Weighted average remaining contractual life, options cancelled	3 years 8 months 9 days
Weighted average remaining contractual life, exercisable	1 year 1 month 13 days	6 years 3 months
Aggregate Intrinsic Value
Aggregate intrinsic value, options outstanding	$ 0	$ 0
Aggregate intrinsic value, exercisable	$ 0	$ 0
Weighted Average Exercise Price Per Share
Weighted Average Exercise Price per Share beginning balance	$ 7.18
Weighted Average Exercise Price Options Granted	5.08
Weighted Average Exercise Price Options Cancelled	1.99
Weighted Average Exercise Price Options Expired
Weighted Average Exercise Price per Share ending balance	3.49	$ 7.18
Weighted Average Exercise Price per Share Exercisable	$ 2.69	$ 7.67

14. Stock Options (Details Narr

14. Stock Options (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based compensation	$ 328,497	$ 80,800	$ 352,311	$ 116,549
Unvested share based compensation	$ 2,383,856		$ 2,383,856
2015 Plan [Member]
Shares authorized under plan	2,167,667		2,167,667

15. Warrants (Details)

15. Warrants (Details) - Warrants [Member] - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Warrant
Number of Warrants outstanding beginning balance	11,124,405
Warrants Granted	74,357,982
Warrants Exercised	80,208,179
Warrants Expired
Number of Warrants outstanding ending balance	5,274,208	11,124,405
Number of Warrants exercisable	2,940,036	7,176,620
Exercise Price Per Share
Warrant exercise price per share, beginning balance	3.30 - 6.00
Warrant exericse price per share, granted	0.21 - 1.39
Warrant exercise price per share, exercised	0.21 - 5.30
Warrant exercise price per share, ending balance	0.21 - 5.30
Warrant exercise price per share, exercisable	0.21 - 5.30	0.76 - 6.00
Weighted Average Remaining Contractual Life
Weighted average remaining contractual life, warrants granted	4 years 11 months 15 days
Weighted average remaining contractual life, warrants outstanding	6 years 7 months 28 days	4 years 4 months 13 days
Weighted average remaining contractual life, warrants exercised	4 years 7 months 13 days
Weighted average remaining contractual life, exercisable	3 years 8 months 16 days	3 years 9 months 7 days
Weighted Average Exercise Price per Share
Warrant weighted average exercise price per share, beginning balance	$ 1.74
Warrant weighted average exercise price per share, granted	0.25
Warrant weighted average exercise price per share, exercised	0.25
Warrant weighted average exercise price per share, expired
Warrant weighted average exercise price per share, ending balance	1.49	$ 1.74
Warrant weighted average exercise price per share, exercisable	$ 1.59	$ 2.52

15. Warrants (Details Narrative

15. Warrants (Details Narrative) - USD ($)	1 Months Ended			2 Months Ended	3 Months Ended	6 Months Ended		7 Months Ended	9 Months Ended	12 Months Ended
	Jun. 19, 2020	Jun. 11, 2020	Jan. 22, 2020	Feb. 19, 2019	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2019	Jul. 22, 2019	Sep. 18, 2019	Dec. 16, 2019	Dec. 31, 2019
Proceeds from exercise of warrants		$ 5,649,319
Warrants exercised		29,666,283
Warrant exercise price		$ 0.21
Proceeds from issuance of equity						$ 44,755,671	$ 1,757,552
Private Transaction [Member] | Warrant Exercise Agreement [Member]
Proceeds from exercise of warrants			$ 170,000						$ 718,879
Payment of placement agent fees									50,321
Imputed dividend									$ 181,884
Warrant exercise price			$ 0.34
An Investor [Member] | Private Transaction [Member]
Warrants issued						477,474
Bradley Woods [Member] | Private Transaction [Member]
Payment of placement agent fees						$ 35,280
Warrants issued						46,421
Warrant exercise price					$ 0.836	$ 0.836
Warrants [Member] | Placement Agent [Member]
Warrants issued			50,000
Warrant exercise price			$ 0.34
Warrants [Member] | Warrant Holders [Member]
Warrants exercised	50,014,895
Stock issued new, shares	45,000,428
Waiver Warrants [Member] | August 2018 Purchase Agreement [Member] | Note Amendment [Member]
Warrants issued								1,800,000
Warrant exercise price								$ 1.14
Warrants [Member] | Placement Agent [Member]
Proceeds from issuance of equity					$ 208,760,698
Warrants [Member] | NoteHolders [Member]
Warrants issued			65,476,191
Warrant exercise price			$ 0.26
Warrants [Member] | Warrant Holders [Member]
Warrants exercised					29,000,526
Warrant exercise price					$ 0.21	0.21
Warrants [Member] | Warrant Holders [Member]
Warrants exercised					655,757
Warrant exercise price					$ 0.21	$ 0.21
Warrants [Member] | Other Warrant Holders [Member]
Warrants exercised					41,508,189
Stock issued new, shares					37,449,140
Warrants [Member] | Other Warrant Holders [Member]
Warrants exercised					8,506,706
Stock issued new, shares					7,551,288
February 2019 Offering [Member]
Proceeds from issuance of equity				$ 1,757,552
February 2019 Offering [Member] | Warrants [Member]
Warrants issued				945,894
Warrant exercise price				$ 2.12
Fair value of warrants issued				$ 1,287,962
February 2019 Offering [Member] | Warrants [Member] | Certain Holders [Member]
Warrants issued				1,800,000
Warrant exercise price				$ 2.55
February 2019 Offering [Member] | Common Stock [Member]
Stock issued new, shares				945,894
Warrant Exchange Agreements [Member] | New Warrants [Member] | Existing Holders [Member]
Warrants issued										3,646,135
Warrant exercise price										$ 0.3004
January 2020 Offering [Member] | Warrants [Member]
Warrants issued			500,000
Warrant exercise price			$ 3.90
Warrants [Member]
Warrants outstanding					5,274,208	5,274,208					11,124,405
Warrant exercise price					$ 1.49	$ 1.49					$ 1.74

16. Income Taxes (Details Narra

16. Income Taxes (Details Narrative) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Uncertain tax positions	$ 0	$ 0

17. Commitment and Contingenc_3

17. Commitment and Contingencies (Details - Minimum lease commitments)	Jun. 30, 2020USD ($)
Consulting Contracts [Member]
Other commitment 2020	$ 309,494
Other commitment 2021	421,629
Other commitment 2022	322,950
Other commitment 2023	282,581
Other commitment 2024	0
Other commitment Thereafter	0
Total	1,336,654
Employment Contracts [Member]
Other commitment 2020	265,000
Other commitment 2021	323,333
Other commitment 2022	150,000
Other commitment 2023	0
Other commitment 2024	0
Other commitment Thereafter	0
Total	738,333
Operating leases and Employment Agreements [Member]
Other commitment 2020	922,051
Other commitment 2021	1,489,018
Other commitment 2022	1,313,075
Other commitment 2023	1,154,260
Other commitment 2024	904,423
Other commitment Thereafter	1,871,252
Total	7,654,079
Operating Leases [Member]
Operating lease 2020	347,557
Operating lease 2021	744,056
Operating lease 2022	840,125
Operating lease 2023	871,679
Operating lease 2024	904,423
Operating lease Thereafter	1,871,252
Total	$ 5,579,093

17. Commitments and Contingenci

17. Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Jan. 02, 2019
Right of use asset	$ 3,792,133		$ 3,792,133		$ 4,009,837
Rental expenses	207,839	$ 176,664	415,678	$ 321,457
Sublease income	$ 121,070		$ 238,484
Weighted average lease term operating lease	76 months		76 months
Weighted average discount rate operating lease	10.31%		10.31%
ASU 2018-11 [Member]
Lease liability						$ 2,071,903
Right of use asset						2,153,747
Accumulated amortization of right to use asset						124,070
Deferred rent						37,920
Increase in accumulated deficit						$ 4,306

18. Related Party (Details Narr

18. Related Party (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Due to related party	$ 91,006		$ 1,084,315
Andy Heyward [Member] | Reimbursable Expenses [Member]
Due to related party	91,006
Andy Heyward [Member] | Animation Production Services [Member]
Due to related party			124,000
Andy Heyward [Member] | Executive Producer Fee [Member]
Due to related party			322,400
Andy Heyward Animation Art [Member]
Royalty income	$ 0	$ 0
Andy Heyward [Member] | Executive Producer Fee [Member]
Due to related party			$ 161,200