Grom Social Enterprises (GROM) 10-Q 20 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 17, 2024
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
Current Fiscal Year End Date	--12-31
Entity File Number	001-40409
Entity Registrant Name	Grom Social Enterprises, Inc.
Entity Central Index Key	0001662574
Entity Tax Identification Number	46-5542401
Entity Incorporation, State or Country Code	FL
Entity Address, Address Line One	2060 NW Boca Raton Blvd.
Entity Address, Address Line Two	Suite #6
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33431
City Area Code	561
Local Phone Number	287-5776
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,021,617
Common Stock, par value $0.001 [Member]
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	GROM
Security Exchange Name	NASDAQ
Warrants to purchase shares of Common Stock, par value $0.001 per share [Member]
Title of 12(b) Security	Warrants to purchase shares of Common Stock, par value $0.001 per share
Trading Symbol	GROMW
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 452,454	$ 2,505,449
Accounts receivable, net	820,755	826,073
Inventory, net	44,771	43,205
Prepaid expenses and other current assets	688,578	527,539
Total current assets	2,006,558	3,902,266
Operating lease right of use assets	720,641	796,600
Property and equipment, net	107,588	114,814
Goodwill	5,691,378	5,691,378
Intangible assets, net	5,151,703	5,194,209
Deferred financing costs	2,470,605
Other assets	2,747,811	2,433,415
Total assets	18,896,284	18,132,682
Current liabilities:
Accounts payable	733,966	865,266
Accrued liabilities	321,171	293,279
Dividends payable	1,299,210	1,114,344
Advanced payments and deferred revenues	437,335	376,613
Convertible notes payable, net – current	107,116	254,146
Loans payable – current	250,000	0
Derivative liabilities	0	1,310,394
Lease liabilities – current	193,375	205,575
Total current liabilities	3,342,173	4,419,617
Convertible notes payable, net of loan discounts	8,245	540,443
Lease liabilities	553,008	614,443
Other noncurrent liabilities	405,233	240,763
Total liabilities	4,308,659	5,815,266
Commitments and contingencies (Note 20)
Stockholders' Equity:
Common stock, $0.001 par value. 500,000,000 shares authorized; 8,927,261 and 1,970,404 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	8,927	1,970
Additional paid-in capital	115,012,885	108,311,684
Accumulated deficit	(100,888,589)	(96,742,387)
Accumulated other comprehensive loss	(349,999)	(159,603)
Total Grom Social Enterprises, Inc. stockholders' equity	13,792,467	11,420,907
Noncontrolling interests	795,158	896,509
Total stockholders' equity	14,587,625	12,317,416
Total liabilities and equity	18,896,284	18,132,682
Series A Preferred Stock [Member]
Stockholders' Equity:
Preferred stock value	0	0
Series B Preferred Stock [Member]
Stockholders' Equity:
Preferred stock value	0	0
Series C Preferred Stock [Member]
Stockholders' Equity:
Preferred stock value	$ 9,243	$ 9,243

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	8,927,261	1,970,404
Common stock, shares outstanding	8,927,261	1,970,404
Series A Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series B Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series C Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	9,243,309	9,243,309
Preferred stock, shares outstanding	9,243,309	9,243,309

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Sales	$ 874,232	$ 1,199,643
Cost of goods sold	611,895	659,506
Gross profit	262,337	540,137
Operating expenses:
Depreciation and amortization	142,634	153,190
Selling, general and administrative	1,535,844	1,875,360
Professional fees	344,876	276,920
Total operating expenses	2,023,354	2,305,470
Loss from operations	(1,761,017)	(1,765,333)
Other income (expense)
Interest expense, net	(3,413,520)	(480,778)
Gain (loss) on settlement of derivative liabilities	(7,734)	0
Unrealized gain on change in fair value of derivative liabilities	1,142,314	0
Other gains (losses)	(22,730)	15,786
Total other income (expense)	(2,301,670)	(464,992)
Loss before income taxes	(4,062,687)	(2,230,325)
Provision for income taxes (benefit)	0	0
Net loss	(4,062,687)	(2,230,325)
Loss attributable to noncontrolling interests	(101,351)	(86,030)
Net loss attributable to Grom Social Enterprises, Inc. stockholders	(3,961,336)	(2,144,295)
Dividends to Series C preferred stockholders	184,866	185,636
Net loss attributable to Grom Social Enterprises, Inc. common stockholders	$ (4,146,202)	$ (2,329,931)
Basic loss per common share	$ (1.47)	$ (8.55)
Diluted loss per common share	$ (1.47)	$ (8.55)
Weighted-average number of common shares outstanding:
Weighted-average number of common shares outstanding, Basic	2,811,207	272,405
Weighted-average number of common shares outstanding, Diluted	2,811,207	272,405
Comprehensive loss:
Foreign currency translation adjustment	$ (190,396)	$ 29,636
Comprehensive loss	(4,253,083)	(2,200,689)
Comprehensive loss attributable to noncontrolling interests	(101,351)	(86,030)
Comprehensive loss attributable to Grom Social Enterprises, Inc. common stockholders	$ (4,151,732)	$ (2,114,659)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock Series A [Member]	Preferred Stock Series B [Member]	Preferred Stock Series C [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2022	$ 0	$ 0	$ 9,282	$ 164	$ 101,728,706	$ (83,472,412)	$ (166,129)	$ 2,248,237	$ 20,347,848
Beginning balance, shares at Dec. 31, 2022	0	0	9,281,809	163,596
Net income (loss)						(2,144,295)		(86,030)	(2,230,325)
Change in foreign currency translation							29,636		29,636
Dividends declared for Series C preferred stock						(185,636)			(185,636)
Issuance of common stock in connection with sales made under public offerings				$ 5	2,448,354				2,448,359
Issuance of common stock in connection with sales made under public offerings, shares				5,000
Issuance of common stock in connection with the exercise of common stock purchase warrants				$ 235	12,074				12,309
Issuance of common stock in connection with the exercise of common stock purchase warrants, shares				235,074
Issuance of common stock in exchange for consulting, professional and other services				$ 1	31,967				31,968
Issuance of common stock in exchange for consulting, professional and other services, shares				1,167
Issuance of common stock purchase warrants as consideration for waiver of a financing covenant					350,038				350,038
Stock based compensation expense related to stock options					44,822				44,822
Ending balance, value at Mar. 31, 2023	$ 0	$ 0	$ 9,282	$ 405	104,615,961	(85,802,343)	(136,493)	2,162,207	20,849,019
Ending balance, shares at Mar. 31, 2023	0	0	9,281,809	404,837
Beginning balance, value at Dec. 31, 2023	$ 0	$ 0	$ 9,243	$ 1,970	108,311,684	(96,742,387)	(159,603)	896,509	12,317,416
Beginning balance, shares at Dec. 31, 2023	0	0	9,243,309	1,970,404
Net income (loss)						(3,961,336)		(101,351)	(4,062,687)
Change in foreign currency translation							(190,396)		(190,396)
Dividends declared for Series C preferred stock						(184,866)			(184,866)
Issuance of common stock in exchange for consulting, professional and other services				$ 95	73,685				73,780
Issuance of common stock in exchange for consulting, professional and other services, shares				95,191
Issuance of common stock purchase warrants as consideration for equity line of credit					2,498,364				2,498,364
Conversion of note principal and accrued interest into common stock				$ 6,862	3,932,816				3,939,678
Conversion of note principal and accrued interest into common stock, shares				6,861,666
Stock based compensation expense related to stock options					20,522				20,522
Settlement of derivative liability					175,814				175,814
Ending balance, value at Mar. 31, 2024	$ 0	$ 0	$ 9,243	$ 8,927	$ 115,012,885	$ (100,888,589)	$ (349,999)	$ 795,158	$ 14,587,625
Ending balance, shares at Mar. 31, 2024	0	0	9,243,309	8,927,261

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities of continuing operations:
Net loss	$ (4,062,687)	$ (2,230,325)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation and amortization	147,019	206,834
Amortization of debt discount	3,333,383	5,206
Amortization of right-of-use assets	0	72,869
Provision for credit losses	0	7,149
Common stock issued for financing costs	0	350,039
Common stock issued in exchange for fees and services	0	31,968
Retirement benefit cost	8,258	46,363
Stock based compensation	20,522	44,822
Loss on disposal of property and equipment	0	559
Loss on settlement of derivative liability	7,734	0
Unrealized (gain) loss on change in fair value of derivative liabilities	(1,142,314)	0
Unrealized (gain) loss on foreign exchange	9,347	0
Changes in operating assets and liabilities:
Accounts receivable	(60,158)	328,687
Inventory	7,823	(6,768)
Prepaid expenses and other current assets	(164,537)	(15,441)
Other assets	(409,622)	(107,977)
Accounts payable	(65,355)	(469,751)
Accrued liabilities	159,796	(29,489)
Advanced payments and deferred revenues	(34,688)	(130,862)
Income taxes payable and other noncurrent liabilities	(112)	(208,373)
Operating lease liabilities	0	(68,066)
Net cash provided by (used in) operating activities	(2,245,591)	(2,172,556)
Cash flows from investing activities:
Purchase of property and equipment	(3,741)	(15,193)
Proceeds from the sale of property and equipment	0	4,688
Net cash provided by (used in) investing activities	(3,741)	(10,505)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of issuance costs	0	2,448,359
Proceeds from exercise of common stock purchase warrants, net of issuance costs	0	12,309
Proceeds from loans payable	250,000	0
Repayments of convertible notes	(45,173)	(40,089)
Net cash provided by (used in) financing activities	204,827	2,420,579
Effect of exchange rates on cash and cash equivalents	(8,490)	28,061
Net increase (decrease) in cash and cash equivalents	(2,052,995)	265,579
Cash and cash equivalents at beginning of period	2,505,449	3,871,176
Cash and cash equivalents at end of period	452,454	4,136,755
Supplemental disclosure of cash flow information:
Cash paid for interest	3,869	6,917
Cash paid for income taxes	0	0
Supplemental disclosure of non-cash investing and financing activities:
Common stock issued to reduce accounts payable and other accrued liabilities	73,780	0
Conversion of note principal and accrued interest into common stock	3,939,678	0
Dividends payable to Series C preferred stockholders	$ 184,866	$ 185,636

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (3,961,336)	$ (2,144,295)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

NATURE OF OPERATIONS

NATURE OF OPERATIONS	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
NATURE OF OPERATIONS	1. NATURE OF OPERATIONS Grom Social Enterprises, Inc. (the “Company” or “GROM”), a Florida corporation f/k/a Illumination America, Inc. (“ILLU”), is a media, technology and entertainment company. The Company is focused on (i) delivering content to children under the age of 13 years in a safe secure platform that is compliant with the Children’s Online Privacy Protection Act (“COPPA”) and can be monitored by parents or guardians, (ii) creating, acquiring, and developing the commercial potential of Kids & Family entertainment properties and associated business opportunities, (iii) providing world class animation services, and (iv) offering protective web filtering solutions to block unwanted or inappropriate content. The Company operates its business through the following five operating subsidiaries: · Grom Social, Inc. (“GSOC”), incorporated in the State of Florida on March 5, 2012, operates the Company’s social media network designed for children under the age of 13 years. · TD Holdings Limited (“TDH”), incorporated in Hong Kong on September 15, 2005, operates through its two wholly-owned subsidiaries: (i) Top Draw Animation Hong Kong Limited (“TDAHK”), a Hong Kong corporation, and (ii) Top Draw Animation, Inc. “TDAM”), a Philippines corporation. The group’s principal service-based activities are the production of animated films and televisions series. · Grom Educational Services, Inc. (“GEDU”), incorporated in the State of Florida on January 17, 2017, operates the Company’s web filtering services provided to schools and government agencies. · Grom Nutritional Services, Inc. (“GNUT”), incorporated in the State of Florida on April 19, 2017, intends to market and distribute nutritional supplements to children. It has been nonoperational since its inception. · Curiosity Ink Media, LLC (“CIM”), organized in the State of Delaware on January 9, 2017, develops, acquires, builds, grows and maximizes the short, mid and long-term commercial potential of kids and family entertainment properties and associated business opportunities. The Company owns 100% of each of GSOC, TDH, GEDU and GNUT, and 80% of CIM. The Company has three reportable business segments: Animation, which includes TDH; Original Content, which includes CIM; and Social & Technology, which includes GSOC and GEDU.

GOING CONCERN

GOING CONCERN	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN	2. GOING CONCERN The condensed consolidated financial statements of the Company have been prepared on a going concern basis, which contemplates the realization of assets and the discharge of liabilities in the normal course of business. Based on current operating levels, the Company will need to raise additional funds by selling additional equity or incurring debt. On a consolidated basis, the Company has incurred significant operating losses since its inception. As of March 31, 2024, the Company has an accumulated deficit of $ 100.9 2 The Company has funded its operations primarily through sales of its common stock in public markets, proceeds from the exercise of warrants to purchase common stock, and the sale of convertible notes. Future capital requirements will depend on many factors, including the (i) rate of revenue growth, (ii) expansion of sales and marketing activities, (iii) timing and extent of spending on content development efforts, and (iv) market acceptance of the Company’s content, products and services. The Company’s management intends to raise additional funds through the issuance of equity securities or debt to enable the Company to meet its obligations for the twelve-month period. However, there can be no assurance that, in the event the Company requires additional financing, such financing will be available at terms acceptable to the Company, if at all. Failure to generate sufficient cash flows from operations and/or raise additional capital could have a material adverse effect on the Company’s ability to achieve its intended business objectives. These factors raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months from the date of this report. The accompanying condensed consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures required by GAAP for complete financial statements have been condensed or omitted. For the three months ended March 31, 2024, the condensed consolidated financial statements include the accounts of the Company and its operating subsidiaries GSOC, TDH, GEDU, GNUT, and CIM. The Company recognizes noncontrolling interest related to its less-than-wholly-owned subsidiary, CIM, as equity in the consolidated financial statements separate from the parent entity’s equity. The net loss attributable to noncontrolling interest is included in net loss in the condensed consolidated statements of operations and comprehensive loss. These condensed consolidated financial statements include all of the adjustments, which in the opinion of management are necessary for a fair presentation of financial position and results of operations. All such adjustments, which include intercompany balances and transactions are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto at December 31, 2023, as presented in the Company’s Annual Report on Form 10-K filed on April 16, 2024 with the SEC. Certain amounts for the prior year period have been reclassified to conform to current period’s presentation. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. The most significant estimates relate to revenue recognition, valuation of accounts receivable, goodwill and other long-lived assets, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates. Update to Significant Accounting Policies There have been no new or material changes to the significant accounting policies discussed in the Company’s audited financial statements in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 as filed with the SEC on April 16, 2024, that are of significance, or potential significance, to the Company.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
ACCOUNTS RECEIVABLE	4. ACCOUNTS RECEIVABLE The following table sets forth the components of the Company’s accounts receivable at March 31, 2024, and December 31, 2023: Schedule of accounts receivable March 31, 2024 December 31, 2023 Billed accounts receivable $ 274,745 $ 495,991 Unbilled accounts receivable 589,671 374,206 Allowance for doubtful accounts (43,661 ) (44,124 ) Total accounts receivable, net $ 820,755 $ 826,073 During the three months ended March 31, 2024, the Company had two customers that accounted for 77.8 76.3 % of revenues. At March 31, 2024, the Company had one customer that accounted for 66.7 80.5 % of accounts receivable.

INVENTORY

INVENTORY	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
INVENTORY	5. INVENTORY Inventory primarily consists of costs incurred to produce animated content for third party customers. Costs incurred to produce the animated content for customers, which include direct production costs, production overhead and supplies are recognized as work-in-progress inventory. As animated content is completed in accordance with the terms stated by the customer, inventory is classified as finished products and subsequently recognized as cost of services as animated content is accepted by and available to the customer. Carrying amounts of animated content are recorded at the lower of cost or net realizable value. Cost is determined using a weighted average cost method for direct production costs, productions overhead and supplies used for completing animation projects. As of March 31, 2024 and December 31, 2023, the Company’s inventory totaled $ 44,771 43,205 39,218 40,722 5,553 2,483

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
Leases
LEASES	6. LEASES The Company has entered into operating leases primarily for office space. These leases have original terms which range from two years to six years, and often include one or more options to renew or in the case of equipment rental, to purchase the equipment. During the three months ended March 31, 2024, the Company did not record any additional right of use (“ROU”) assets or lease liabilities related to new operating leases. The future minimum payment obligations at March 31, 2024 for operating leases are as follows: Schedule of future minimum payment obligations Remainder of 2024 $ 199,800 2025 272,852 2026 221,640 2027 232,723 Thereafter – Total $ 927,015 These operating leases are listed as separate line items on the Company's condensed consolidated balance sheets and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligation to make lease payments are also listed as separate line items on the Company's condensed consolidated balance sheets. Because the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present value of the lease payments. Information related to the Company's operating right-of-use assets and related lease liabilities are as follows: Schedule of operating right-of-use assets and related lease liabilities Three Months Ended Cash paid for operating lease liabilities $ 84,413 Weighted-average remaining lease term in years 3.3 Weighted-average discount rate 10 For the three months ended March 31, 2024 and 2023, the Company recorded rent expenses related to lease obligations of $ 87,065 100,102

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	7. PROPERTY AND EQUIPMENT The following table sets forth the components of the Company’s property and equipment at March 31, 2024 and December 31, 2023: Schedule of property and equipment March 31, 2024 December 31, 2023 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Capital assets subject to depreciation: Computers and office equipment $ 2,493,994 $ (2,449,707 ) $ 44,287 $ 2,516,090 $ (2,471,833 ) $ 44,257 Machinery and equipment 178,422 (173,798 ) 4,624 180,317 (174,844 ) 5,473 Vehicles 11,606 (11,606 ) – 11,729 (11,729 ) – Furniture and fixtures 371,747 (364,835 ) 6,912 375,429 (367,286 ) 8,143 Leasehold improvements 1,066,523 (1,014,758 ) 51,765 1,077,852 (1,020,911 ) 56,941 Total fixed assets $ 4,122,292 $ (4,014,704 ) $ 107,588 $ 4,161,417 $ (4,046,603 ) $ 114,814 For the three months ended March 31, 2024 and 2023, the Company recorded depreciation expense of $ 10,062 69,876

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	8. GOODWILL AND INTANGIBLE ASSETS Goodwill represents the future economic benefit arising from other assets acquired that could not be individually identified and separately recognized. The goodwill arising from the Company’s acquisitions is attributable to the value of the potential expanded market opportunity with new customers. At March 31, 2024 and December 31, 2023, the carrying amount of the Company’s goodwill was $ 5,691,378 The following table sets forth the changes in the carrying amount of goodwill by reportable segment for the periods ended March 31, 2024 and December 31, 2023: Schedule of goodwill Animation Original Content Consolidated Balance, January 1, 2023 $ 1,901,168 $ 8,666,316 $10,567,484 Impairment charge (954,655 ) (3,921,451 ) (4,876,106) Balance, December 31, 2023 946,513 4,744,865 5,691,378 Impairment charge – – - Balance, March 31, 2024 $ 946,513 $ 4,744,865 $5,691,378 The following table sets forth the components of the Company’s intangible assets at March 31, 2024 and December 31, 2023: Schedule of intangible assets March 31, 2024 December 31, 2023 Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Intangible assets subject to amortization: Customer relationships 10.00 $ 1,526,282 $ (1,182,869 ) $ 343,413 $ 1,526,282 $ (1,144,711 ) $ 381,571 Licensing agreement 19.60 341,728 (46,383 ) 295,345 341,728 (42,035 ) 299,693 Subtotal 1,868,010 (1,229,252 ) 638,758 1,868,010 (1,186,746 ) 681,264 Intangible assets not subject to amortization: Books and stories content 126,698 – 126,698 126,698 – 126,698 Trade names 4,386,247 – 4,386,247 4,386,247 – 4,386,247 Total intangible assets $ 6,380,955 $ (1,229,252 ) $ 5,151,703 $ 6,380,955 $ (1,186,746 ) $ 5,194,209 For the three months ended March 31, 2024 and 2023, the Company recorded amortization expense of $ 42,505 The following table provides information regarding estimated remaining amortization expense for intangible assets subject to amortization for each of the following years ending December 31: Schedule of amortization expense for intangible assets Remainder of 2024 $ 127,516 2024 170,022 2025 93,708 2026 17,394 2027 17,394 Thereafter 212,724 Total remaining intangible assets subject to amortization $ 638,758

DEFERRED FINANCING COSTS

DEFERRED FINANCING COSTS	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
DEFERRED FINANCING COSTS	9. DEFERRED FINANCING COSTS The Company accounts for issuance costs related to its equity line of credit as a deferred asset on the condensed consolidated balance sheets, which is amortized over the life of the equity line of credit and recognized as interest expense on the consolidated statements of operations At March 31, 2024, the carrying amount of the Company’s deferred financing costs were $ 2,470,605 27,760 Refer to Note 16 – Stockholders’ Equity for additional information.

OTHER ASSETS

OTHER ASSETS	3 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
OTHER ASSETS	10. OTHER ASSETS The following table sets forth the components of the Company’s other assets at March 31, 2024 and December 31, 2023: Schedule of other assets March 31, 2024 December 31, 2023 Capitalized prepublication costs $ 173,145 $ 173,949 Capitalized produced and licensed content costs 1,912,658 1,503,036 Capitalized website development costs 589,074 682,722 Deposits 72,934 73,708 Total other assets $ 2,747,811 $ 2,433,415 Capitalized Prepublication Costs Prepublication costs include costs incurred to create and develop the art, prepress, editorial, digital conversion and other content required for the creation of the master copy of a book or other media. Prepublication costs are amortized on a straight-line basis over a two- to five-year period based on expected future revenue. The Company regularly reviews the recoverability of the capitalized costs based on expected future revenues. Capitalized Produced and Licensed Content Costs Produced and licensed content costs include capitalizable direct costs, production overhead, interest and development costs and are stated at the lower of cost, less accumulated amortization, or fair value. Marketing, distribution and general and administrative costs are expensed as incurred. Film, television and direct to consumers through streaming services production and residual costs are expensed over the product life cycle based upon the ratio of the current period’s revenues to estimated remaining total revenues (Ultimate Revenues) for each production. For film productions and direct to consumer services, Ultimate Revenues include revenues from all sources that will be earned within ten years from the date of the initial release. For television series, Ultimate Revenues include revenues that will be earned within ten years from delivery of the first episode, or if still in production, five years from delivery of the most recent episode, if later. Costs of film, television and direct to consumer productions are subject to regular recoverability assessments, which compare the estimated fair values with the unamortized costs. The Company bases these fair value measurements on the Company’s assumptions about how market participants would price the assets at the balance sheet date, which may be different than the amounts ultimately realized in future periods. The amount by which the unamortized costs of film and television productions exceed their estimated fair values is written off. Costs for projects that have been abandoned are written off. Projects that have not been set for production within three years are also written off unless management has committed to a plan to proceed with the project and is actively working on and funding the project. Capitalized Website Development Costs The Company capitalizes certain costs associated with the development of its Santa.com website after the preliminary project stage is complete and until the website is ready for its intended use. Planning and operating costs are expensed as incurred. Capitalization begins when the preliminary project stage is complete, project plan is defined, functionalities are determined and internal and external resources are identified. Qualified costs incurred during the operating stage of our software applications relating to upgrades and enhancements are capitalized to the extent it is probable that they will result in added functionality, while costs that cannot be separated between maintenance of, and minor upgrades and enhancements to the websites are expensed as incurred. Capitalized website costs are amortized on a straight-line basis over their estimated useful life of three years beginning with the time when it is ready for intended use. Amounts amortized are presented through cost of sales. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. The following tables set forth the components of the Company’s capitalized costs at March 31, 2024 and December 31, 2023: Schedule of capitalized costs March 31, 2024 December 31, 2023 Gross Carrying Value Accumulated Net Book Gross Carrying Value Accumulated Net Book Capitalized prepublication costs $ 178,648 $ (5,503 ) $ 173,145 $ 178,648 $ (4,699 ) $ 173,949 Capitalized produced and licensed content costs 1,912,658 – 1,912,658 1,503,036 – 1,503,036 Capitalized website development costs 1,123,772 (534,698 ) 589,074 1,123,772 (441,050 ) 682,722 Total capitalized costs $ 3,215,078 $ (540,201 ) $ 2,674,877 $ 2,805,456 $ (445,749 ) $ 2,359,707 For the three months ended March 31, 2024 and 2023, the Company recorded amortization expense of $ 94,452

ACCOUNTS PAYABLE AND ACCRUED LI

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	3 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
ACCOUNTS PAYABLE AND ACCRUED LIABILITIES	11. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES Accounts, or trade, payables are recognized initially at the transaction price and subsequently measured at the undiscounted amount of cash or other consideration expected to be paid. At March 31, 2024 and December 31, 2023, the aggregate accounts payable were $ 733,966 865,266 Accrued expenses are recognized based on the expected amount required to settle the obligation or liability. The following table sets forth the components of the Company’s accrued liabilities at March 31, 2024 and December 31, 2023: Schedule of accrued liabilities March 31, 2024 December 31, 2023 Executive and employee compensation $ 84,781 $ 53,582 Interest on convertible notes and promissory notes 137,924 61,216 Other accrued expenses and liabilities 98,466 178,481 Total accrued liabilities $ 321,171 $ 293,279

RELATED PARTY TRANSACTIONS AND

RELATED PARTY TRANSACTIONS AND PAYABLES	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS AND PAYABLES	12. RELATED PARTY TRANSACTIONS AND PAYABLES At March 31, 2024 and December 31, 2023, the aggregate related party payables were $ 23,904 Darren Marks’s Family The Company has engaged the family of Darren Marks, its Chief Executive Officer, to assist in the development of the Grom Social mobile application. These individuals create and produce original short form content focusing on social responsibility, anti-bullying, digital citizenship, unique blogs, and special events. Sarah Marks, the wife of Mr. Marks, and Zach Marks, Luke Marks, Caroline Marks, Jack Marks, Dawson Marks and Victoria Marks, each Mr. Marks’s children, are, or have been, by the Company employed or independently contracted. As of March 31, 2024, Zach Marks was employed by GSOC as its Founder and Content Creator and receives an annual salary of $ 103,000 During the three months ended March 31, 2024 and 2023, the Marks family was paid a total of $ 25,750 33,250 , respectively. Compensation for services provided by the Marks family is expected to continue for the foreseeable future. Liabilities Due to Officers and/or Directors On July 13, 2018, our director, Thomas Rutherford, loaned the Company $ 50,000 10 August 11, 2018 50,000 23,904

DEBT

DEBT	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
DEBT	13. DEBT The following tables set forth the components of the Company’s convertible notes as of March 31, 2024 and December 31, 2023: Schedule of convertible notes March 31, 2024 December 31, 9% Secured Convertible Note with Original Issuance Discounts (Generating Alpha) $ 60,322 $ 4,000,000 10% Secured Convertible Notes with Original Issuance Discounts (OID Notes) 75,000 75,000 12% Senior Secured Convertible Notes (TDH Secured Notes) 25,944 63,905 12% Senior Secured Convertible Notes (Additional Secured Notes) 4,929 12,142 Loan discounts (50,834 ) (3,356,458 ) Total convertible notes, net 115,361 794,589 Less: current portion of convertible notes, net (107,116 ) (254,146 ) Convertible notes, net $ 8,245 $ 540,443 9% Secured Convertible Note with Original Issuance Discounts (First Alpha Note) On November 9, 2023, the Company entered into a Securities Purchase Agreement (the “Alpha SPA”) with Generating Alpha Ltd. (“Alpha”) pursuant to which the Company agreed to sell two convertible promissory notes of the Company, with each note having an initial principal amount of $ 4,000,000 3,640,000 The note in the aggregate principal amount of $ 4,000,000 9 9 83,033 The First Alpha Note is convertible at the discretion of Alpha into shares of the Company’s common stock at a price of $ 1.50 In connection with the purchase and sale of the notes, the Company agreed to issue to Alpha warrants to acquire a total of 3,028,146 1,514,073 1.78 On November 20, 2023, the Company entered into a first amendment agreement (the “Amendment”) to the Alpha SPA. Pursuant to the Amendment, the Alpha SPA was amended by replacing the first closing warrant for 1,514,073 1.78 (i) a warrant for 757,036 shares of common stock with an exercise price of $1.78 per share and (ii) a warrant for 757,036 shares of common stock with an exercise price of $.001 per share. Additionally, the Amendment replaced the second closing warrant for 1,514,073 shares of common stock with an exercise price of $0.001 per share with (i) a warrant for 757,036 shares of common stock with an exercise price of $1.78 per share and (ii) a warrant for 757,036 shares of common stock with an exercise price of $.001 per share. On December 21, 2023, the Company received approximately $ 3.6 On March 11, 2024, the Company entered into a second amendment agreement (the “Second Amendment”) to the Alpha SPA pursuant to which (1) the exercise price of each of the Warrant A and the Warrant C (as described in the Alpha SPA) has been amended from $1.78 per share of common stock to $0.001 per share, and (2) the Company shall promptly effect a reverse stock split in the event that the closing price of its common stock falls below $0.25 per share for a period of five consecutive trading days. In connection with the Second Amendment, the Company also entered into an amendment (the “First Note Amendment”) to the Convertible Promissory Note originally dated November 9, 2023 (together with the First Note Amendment, the “Note”) with the Investor, pursuant to which Section 1.1(a) of the Note was amended to add that in no event shall the Conversion Price (as defined in the Note) be less than $0.25. At March 31, 2024, the principal balance of these notes was $ 60,322 50,834 10% Secured Convertible Notes with Original Issuance Discounts (“OID Notes”) During the year ended December 31, 2017, the Company issued a series of secured, convertible notes with original issuance discounts to accredited investors. The notes were issued with original issuance discounts of 10.0%, bear interest at a rate of 10% per annum (payable semiannually in cash), and carry a two-year term with a fixed conversion price of $14,976.00. As of March 31, 2024, the remaining principal balance of these notes was $ 25,000 During the year ended December 31, 2018, the Company issued a series of secured, convertible notes with original issuance discounts to accredited investors. The notes were issued with original issuance discounts of 20.0%, bear interest at a rate of 10% per annum (payable semiannually in cash), and carry a two-year term with a fixed conversion price of $9,600.00. As of March 31, 2024, the remaining principal balance of these notes was $ 50,000 At March 31, 2024, the aggregate principal balance of these notes was $ 75,000 12% Senior Secured Convertible Notes (“TDH Secured Notes”) On March 16, 2020, the Company sold an aggregate $ 3,000,000 The Company’s obligations under the TDH Secured Notes, are secured by Grom Holdings’ shares of stock of TDH, and of its wholly owned subsidiary, TDAHK. At March 31, 2024, the principal balance of these notes was $ 25,944 12% Senior Secured Convertible Notes (Additional Secured Notes) On March 16, 2020, the Company issued to seven accredited investors (the “Additional Secured Note Lenders”) an aggregate of $ 1,060,000 12 Interest on the Additional Secured Notes accrues on the outstanding principal amount at the rate of 12% per annum. Principal and interest on the Additional Secured Notes are payable monthly, on an amortized basis over 48 months, with the last payment due on March 16, 2024 The Additional Secured Notes are convertible at the option of the holders at 75% of the average sales price of the Company’s common stock over the 60 trading days immediately preceding conversion provided that the conversion price shall not be less than $1,920.00 per share. In connection with the issuance of the Additional Secured Notes, the Company issued to each Additional Secured Note Lender shares of common stock equal to 20% of the principal amount of such holder’s Additional Secured Note, divided by $1,920.00. At March 31, 2024, the principal balance of these notes was $ 4,929 Future Minimum Principal Payments The remaining principal repayments based upon the maturity dates of the Company’s borrowings for each of the next five years are as follows: Schedule of principal repayments Remainder of 2024 $ 113,776 2025 11,398 2026 12,468 2027 13,637 2028 14,917 Total future minimum principal payments $ 166,196

DERIVATIVE LIABILITIES

DERIVATIVE LIABILITIES	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE LIABILITIES	14. DERIVATIVE LIABILITIES On December 21, 2023, the Company sold a note to Generating Alpha Ltd. in the aggregate principal amount of $ 4,000,000 five 9 The Company assessed the alternate conversion price and determined that it represented a derivative liability with a fair value of $ 1,310,394 On March 11, 2024, the Company entered into an amendment to the First Alpha Note originally dated November 9, 2023 with the investor, pursuant to which the Note was amended to add that in no event shall the conversion price be less than $0.25. The addition of a floor price to the alternative conversion price settled the derivative liability as it eliminated the uncertainty surrounding the issuance of an indeterminable number of shares under the terms of the First Alpha Note. The fair values of derivative liability were calculated using the Monte Carlo simulation with the following factors, assumptions and methodologies: Assumptions used for derivative liability May 11, March 8, January 19, December 31, 2024 2024 2024 2023 Stock price $ 1.08 $ 1.07 $ 0.76 $ 1.13 Strike price 1.50 1.50 1.50 1.50 Risk-free rate 4.0% 4.0% 4.0% 3.8% Annualized volatility 99.0% 99.0% 99.0% 100.0% Forecast horizon in years 4.8 4.8 5.0 5.0 Alternative Conversion Price 85.0% 85.0% 85.0% 85.0% Implied Discount Rate 25.1% 24.7% 25.2% 27.3% The derivative was re-measured at each conversion date and at the date of the amendment on March 11, 2024, resulting in the reclassification of the $175,814 derivative liability to additional paid-in capital.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	15. FAIR VALUE MEASUREMENTS Fair value is the price that would be received upon the sale of an asset or paid upon the transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, non on assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk, include the Company’s own credit risk. The Company applied FASB Accounting Standards Codification (“ASC”) 820 – Fair Value Measurement · Level 1 – Unadjusted inputs based on quoted markets for identical assets or liabilities. · Level 2 – Observable inputs, either direct or indirect, not including Level 1 measurements, corroborated by market data or based upon quoted prices in non-active markets · Level 3 – Unobservable inputs that reflect management’s best assumptions of what market participants would use in valuing the asset or liability. Contingent Consideration The fair value of the Company’s contingent consideration payable was based on the Company’s evaluation as to the probability and amount of any earn-out that could have ultimately been payable. The Company utilizes a third-party valuation firm to assist in the calculation of the contingent consideration at the acquisition date. The Company evaluates the forecast of the acquired entity and the probability of earn-out provisions being achieved when it evaluates the contingent consideration recorded at initial acquisition date and at each subsequent reporting period. The fair value of contingent consideration is measured at each reporting period and adjusted as necessary. The Company evaluates the terms in contingent consideration arrangements provided to former owners of acquired companies who become employees of the Company to determine if such amounts are part of the purchase price of the acquired entity or compensation. Because the fair value measurements relating to the contingent consideration liabilities are subject to management judgment, measurement uncertainty is inherent in the valuation of the contingent consideration liabilities as of the reporting date. Derivative Liabilities The fair value of the derivative liabilities is classified as Level 3 within the Company’s fair value hierarchy. Please refer to Note 14 (“Derivative Liability”), for a further discussion of the measurement of fair value of the derivatives and their underlying assumptions. The fair value of the Company’s financial instruments carried at fair value at March 31, 2024 and December 31, 2023 are as follows: Financial instruments at fair value March 31, 2024 Total Level 1 Level 2 Level 3 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – Derivative Liabilities – – – – Total Liabilities $ – $ – $ – $ – December 31, 2023 Total Level 1 Level 2 Level 3 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – Derivative Liabilities 1,310,394 – – 1,310,394 Total Liabilities $ 1,310,394 $ – $ – $ 1,310,394 The following table sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities during the three months ended March 31, 2024 and 2023: Summary of changes of fair value Level 3 Financial Liabilities for the Three Months Ended March 31, 2024 Balance 2024 Realized (Gains) Losses Additions Settlements Unrealized (Gains) Losses Balance March 31, 2024 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – $ – $ – Derivative Liabilities 1,310,394 – – – – – Total Liabilities $ 1,310,394 $ – $ – $ – $ – $ – Level 3 Financial Liabilities for the Three Months Ended March 31, 2023 Balance 2023 Realized (Gains) Losses Additions Settlements Unrealized (Gains) Losses Balance March 31, 2023 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – $ – $ – Derivative Liabilities – – – – – – Total Liabilities $ – $ – $ – $ – $ – $ –

EMPLOYEE BENEFIT PLAN

EMPLOYEE BENEFIT PLAN	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
EMPLOYEE BENEFIT PLAN	16. EMPLOYEE BENEFIT PLAN The Company’s subsidiary, TDAM, has an unfunded, non-contributory defined benefit plan covering its permanent employees. Under the existing regulatory framework, the Company is required to pay eligible employees at least the minimum regulatory benefit upon retirement, which provides a retirement benefit equal to 22.5 days’ pay for every year of credited service, subject to age and service requirements. The regulatory benefit is paid in a lump sum upon retirement. The existing regulatory framework does not require minimum funding of the plan. Retirement benefit expenses and liabilities are determined in accordance with an actuarial study made for the plan utilizing the net interest approach which disaggregates the defined benefit cost into the following components: service costs (cost of services received); net interest (financing effect of paying for benefits in advance or in arrears); and remeasurements (period-to-period fluctuations in the amounts of defined benefit obligations and plan assets). Under the net interest approach, service cost and net interest on the defined benefit liability (asset) are both recognized in the statement of operations, while remeasurements of the defined benefit liability (asset) are recognized in other comprehensive income. Remeasurements recognized in other comprehensive income shall not be reclassified to profit or loss in a subsequent period. The amount of the defined benefit liability reported under other noncurrent liabilities in the consolidated balance sheet is determined as follows: Schedule of defined benefit liability March 31, 2024 December 31, 2023 Benefit obligation $ 405,233 $ 240,763 Plan assets – – Total $ 405,233 $ 240,763 The components of the accumulated benefit cost to be recognized under selling, general and administrative expense in consolidated statement of operations are the service cost (current service cost, past service cost or credit and settlement gains or losses) and net interest expense on the net defined benefit liability: Schedule of accumulated benefit cost March 31, 2024 March 31, 2023 Current service cost $ 4,661 $ 56,630 Net interest expense 3,597 5,374 Total $ 8,258 $ 59,004 The change in the accumulated benefit cost in the consolidated balance sheet for the three months ended March 31, 2024 is as follows: Schedule of change in the accumulated benefit cost 2024 Balance, January 1 $ 240,763 Foreign currency translation (3,181 ) Expense recognized in other comprehensive income 8,258 Remeasurement on actuarial gain (loss) recognized 159,393 Contributions paid – Balance, March 31 $ 405,233 The cumulative amount of actuarial gains recognized in other comprehensive income for the three months ended March 31, 2024 and 2023 is as follows: Schedule of actuarial gains recognized in other comprehensive income 2024 2023 Balance, January 1 $ 124,922 $ 37,303 Foreign currency translation (266 ) – Actuarial gain (loss) (159,393 ) 46,307 Balance, March 31 (34,737 ) 83,610 Tax effect 8,618 (20,903 ) Cumulative actuarial gain (loss), net of tax $ (26,119 ) $ 62,707 The assumptions used to determine retirement benefits for the three months ended March 31, 2024 are as follows: Schedule of assumptions used to determine retirement benefits March 31, 2024 Discount rate 6.26% Salary increase rate 2.00%

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	17. INCOME TAXES In calculating the provision for income taxes on an interim basis, the Company uses an estimate of the annual effective tax rate based upon currently known facts and circumstances and applies that rate to its year-to-date earnings or losses. The Company’s effective tax rate is based on expected income and statutory tax rates and takes into consideration permanent differences between financial statement and tax return income applicable to the Company in the various jurisdictions in which the Company operates. The effect of discrete items, such as changes in estimates, changes in rates or tax status, and unusual or infrequently occurring events, is recognized in the interim period in which the discrete item occurs. The accounting estimates used to compute the provision for income taxes may change as new events occur, additional information is obtained or as the result of new judicial interpretations or regulatory or tax law changes. As of March 31, 2024, the Company had federal, state and foreign net operating loss carryforwards. The federal and state NOL's may be subject to limitation under IRS Sec. 382, the analysis of which is not yet complete. The Company has established a full valuation allowance against the US federal, state and foreign NOL carryforwards as well as its other US and foreign deferred tax assets based on an assessment that it is more likely than not that the deferred tax assets will not be realized in future years. The Company’s interim effective tax rate, inclusive of discrete items, for the three months ended March 31, 2024 was 0

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	18. STOCKHOLDERS’ EQUITY Preferred Stock The Company is authorized to issue 25,000,000 0.001 Series A Preferred Stock On February 22, 2019, the Company designated 2,000,000 0.001 As of March 31, 2024 and December 31, 2023, the Company had no Series B Preferred Stock On August 4, 2020, the Company filed with the Secretary of State of the State of Florida a Certificate of Designation of Preferences, Rights and Limitations of Series B Stock designating 10,000,000 shares as Series B Preferred Stock (the “Series B Stock”). As of March 31, 2024 and December 31, 2023, the Company had no Series C Preferred Stock On May 20, 2021, the Company filed with the Secretary of State of the State of Florida a Certificate of Designation of Preferences, Rights and Limitations of Series C Stock designating 10,000,000 shares as Series C Preferred Stock (the “Series C Stock”). The Series C Stock ranks senior and prior to all other classes or series of the Company’s preferred stock and common stock. The holder may, at any time after the 6-month anniversary of the issuance of the shares of Series C Preferred Stock, convert such shares into common stock at a conversion rate of 1,152.00 per share. In addition, the Company may, at any time after the issuance of the shares, convert any or all of the outstanding shares of Series C Preferred Stock at a conversion rate of $1,152.00 per share. Each share of Series C Stock entitles the holder to 1.5625 votes for each share of Series C Stock. The consent of the holders of at least two-thirds of the shares of Series C Stock is required for the amendment to any of the terms of the Series C Stock, to create any additional class of stock unless the stock ranks junior to the Series C Stock, to make any distribution or dividend on any securities ranking junior to the Series C Stock, to merge or sell all or substantially all of the assets of the Company or acquire another business or effectuate any liquidation of the Company. Cumulative dividends accrue on each share of Series C Stock at the rate of 8% per annum of the stated value of $1.00 per share and are payable in arrears quarterly commencing 90 days from issuance. The dividend shall be payable in shares of common stock (a “PIK Dividend”) and are be due and payable on the date on which such PIK Dividend was declared. Upon a liquidation, dissolution or winding up of the Company, the holders of the Series C Stock are entitled to $1.00 per share plus all accrued and unpaid dividends. No distribution may be made to holders of shares of capital stock ranking junior to the Series C Stock upon a liquidation until Series C stockholders receive their liquidation preference. The holders of 66 2/3% of the then outstanding shares of Series C Stock, may elect to deem a merger, reorganization or consolidation of the Company into or with another corporation, not affiliated with said majority, or other similar transaction or series of related transactions in which more than 50% of the voting power of the Company is disposed of in exchange for property, rights or securities distributed to holders thereof by the acquiring person, firm or other entity, or the sale of all or substantially all of the assets of the Company. As of March 31, 2024 and December 31, 2023, the Company had 9,243,309 For the three months ended March 31, 2024, the Company declared cumulative dividends totaling $ 184,866 Common Stock The Company is authorized to issue 500,000,000 0.001 8,927,261 1,970,404 Reverse Stock Split On June 23, 2023, the Board and shareholders approved the granting of authority to the Board to amend the Company’s articles of incorporation to effect a reverse stock split of the issued and outstanding shares of its common stock, by a ratio of no less than 1-for-2 and no more than 1-for-20, with the exact ratio to be determined by the Board in its sole discretion, and with such reverse stock split to be effective at such time and date, if at all, as determined by the Board in its sole discretion. On September 7, 2023, the Board effected a 1-for-20 The reverse stock split did not have any impact on the number of authorized shares of common stock, which remains at 500,000,000 Equity Line of Credit On March 11, 2024, the Company entered into a Securities Purchase Agreement (the “March 2024 SPA”) with Generating Alpha pursuant to which it has agreed to issue and sell to Generating Alpha from time to time up to $ 25 Pursuant to the March 2024 SPA, the Company may require Generating Alpha to purchase shares of common stock by delivering put notices to Generating Alpha, subject to certain conditions set forth therein, at a purchase price of 85% of the lowest traded price of its common stock during the 10 trading days immediately preceding the date 10 business days after the date the put shares have been accepted and cleared by Generating Alpha’s brokerage firm. The Company has agreed to issue to Generating Alpha as a commitment fee a Common Stock Purchase Warrant (the “Warrant”) for 2,314,814 0.001 On the issuance date of the Company’s equity line of credit, the cost related to issuance of the common stock purchase warrants was recorded as a deferred asset. Refer to Stock Purchase Warrants below for additional information. In connection with the March 2024 SPA, the Company entered into a Registration Rights Agreement (the “March 2024 Registration Rights Agreement”) with Generating Alpha, pursuant to which it has agreed to use its commercially reasonable efforts to file a registration statement (the “Registration Statement”) with the SEC on a date no later than sixty (60) days following the date thereof and to have the Registration Statement declared effective by the SEC within thirty (30) calendar days, but no more than ninety (90) calendar days, after it has filed the Registration Statement. On April 24, 2024, the Company entered into an omnibus amendment agreement with Generating Alpha pursuant to which (1) the March 2024 SPA was amended to clarify that the calculation of the number of put shares issuable by the Company without any shareholder approval required by an exchange shall include all shares of common stock beneficially owned by Generating Alpha, and (2) the March 2024 Warrant was amended to remove its alternative cashless exercise feature. Common Stock Issued in Exchange for Consulting, Professional and Other Services During the three months ended March 31, 2024, the Company issued 23,334 31,968 During the three months ended March 31, 2023, the Company issued 1,167 31,968 Common Stock Issued in Connection with the Conversion of Note Principal and Accrued Interest During the three months ended March 31 2024, the Company issued 6,861,666 3,939,678 Stock Purchase Warrants Stock purchase warrants are accounted for as equity in accordance with ASC 480, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock, Distinguishing Liabilities from Equity The following table reflects all outstanding and exercisable warrants at March 31, 2024 and December 31, 2023. All warrants are exercisable for a period of three to five years from the date of issuance: Schedule of stock purchase warrants Number of Warrants Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Yrs.) Balance January 1, 2023 206,860 $ 145.80 4.89 Warrants issued 4,058,719 2.07 Warrants exercised (1,403,461 ) – Warrants forfeited (62 ) – December 31, 2023 2,862,056 7.93 4.84 Warrants issued 2,314,814 0.00 Warrants exercised – – Warrants forfeited – – Balance March 31, 2024 5,176,870 $ 3.21 4.75 On March 11, 2024, in connection with the Equity Line of Credit described above, the Company issued 2,314,814 2,314,814 0.001 The warrants were valued using the Black-Scholes option pricing model with the following average assumptions: the Company’s stock price on the date of the issuance ($ 1.08 0 136.7 4.1 2,498,365 As of March 31, 2024, the total unamortized deferred financing costs related to warrants was $ 2,470,605 2.9 During the three months ended March 31, 2023, the Company issued 63,139 63,139 12,309 During the three months ended March 31, 2024, the Company also issued 171,935 225,380 As of March 31, 2024, the outstanding stock purchase warrants had an aggregate intrinsic value of $ 3,174,146 Stock Options The following table represents all outstanding and exercisable stock options as of March 31, 2024. Schedule of stock options Year Issued Options Options Options Vested Weighted Average Exercise Price Weighted Average Remaining Life (Yrs.) 2021 348 – 348 232 1,788.00 2.33 Total 348 – 348 232 $ 1,788.00 2.33 During the three months ended March 31, 2024 and 2023, the Company recorded $ 20,522 44,822 As of March 31, 2024, the total unrecognized cost of stock-based compensation related to stock options was $ 27,362 0.34 As of March 31, 2024, the outstanding stock options had an aggregate intrinsic value of $ 0

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	19. SEGMENT INFORMATION The Company has three reportable business segments: Animation, Original Content, and Social & Technology. Animation includes the business of TDH and its subsidiaries, a company primarily based in the Philippines which provides production services for animated films and television series to a diverse base of global content providers and publishers. Original Content includes the business of CIM, a company operating in Los Angeles, California and Salt Lake City, Utah which develops, acquires, builds, grows and maximizes the short, mid and long-term commercial potential of kids and family entertainment properties and associated business opportunities. Social & Technology includes the businesses of GSOC and GEDU, companies based in Boca Raton, Florida and Peachtree Corners, GA, respectively, which deliver content to children under the age of 13 years in a safe, secure platform that is COPPA compliant that can be monitored by parents or guardians, and provides protective web filtering solutions to block unwanted or inappropriate content, respectively. The operating results of these business segments are regularly reviewed by the Company’s CODM who evaluates the performance of its business segments based primarily on revenue and operating profit or loss. The Company’s determination, as described above, represents a change from previous years and, as such, the prior year’s segment information has been recast and disclosed herein to conform to the current year’s presentation. The accounting policies of the reportable segments are the same as those described in Note 2 – Summary of Significant Accounting Policies to the consolidated financial statements. The Company’s CODM reviews financial information presented on a consolidated basis, accompanied by disaggregated information by segment for purpose of evaluating financial performance. Segment Results The table below presents the results of operations by reportable segment for the three months ended March 31, 2024: Schedule of segment results Animation Original Content Social & Technology Corporate Consolidated Sales $ 761,505 $ 45,064 $ 67,663 $ – $ 874,232 Cost of goods sold 559,590 46,055 6,250 – 611,895 Gross profit 201,915 (991 ) 61,413 – 262,337 Operating expenses: Depreciation and amortization 41,809 100,018 807 – 142,634 Selling, general and administrative 294,667 346,493 614,558 280,126 1,535,844 Professional fees 88,871 59,037 21,000 175,968 344,876 Total operating expenses 425,347 505,548 636,365 456,094 2,023,354 Loss from operations (223,432 ) (506,539 ) (574,952 ) (456,094 ) (1,761,017 ) Other income (expense) Interest expense, net 191 – – (3,413,711 ) (3,413,520 ) Loss on settlement of derivative liabilities – – – (7,734 ) (7,734 ) Unrealized gain on change in fair value of derivative liabilities – – – 1,142,314 1,142,314 Other gains (losses) (22,730 ) – – – (22,730 ) Total other income (expense) (22,539 ) – – (2,279,131 ) (2,301,670 ) Loss before income taxes (245,971 ) (506,539 ) (574,952 ) (2,735,225 ) (4,062,687 ) Provision for income taxes (benefit) – – – – – Net loss $ (245,971 ) $ (506,539 ) $ (574,952 ) $ (2,735,225 ) $ (4,062,687 ) The table below presents the results of operations by reportable segment for the three months ended March 31, 2023: Animation Original Content Social & Technology Corporate Consolidated Sales $ 1,057,669 $ 50,863 $ 91,111 $ – $ 1,199,643 Cost of goods sold 643,773 11,073 4,660 – 659,506 Gross profit 413,896 39,790 86,451 – 540,137 Operating expenses: Depreciation and amortization 52,111 100,019 1,060 – 153,190 Selling, general and administrative 476,304 352,383 579,084 467,589 1,875,360 Professional fees 28,698 650 – 247,572 276,920 Total operating expenses 557,113 453,052 580,144 715,161 2,305,470 Loss from operations (143,217 ) (413,262 ) (493,693 ) (715,161 ) (1,765,333 ) Other income (expense) Interest expense, net 155 (606 ) – (480,327 ) (480,778 ) Loss on settlement of derivative liabilities – – – – – Unrealized gain on change in fair value of derivative liabilities – – – – – Other gains (losses) 7,821 – 7,965 – 15,786 Total other income (expense) 7,976 (606 ) 7,965 (480,327 ) (464,992 ) Loss before income taxes (135,241 ) (413,868 ) (485,728 ) (1,195,488 ) (2,230,325 ) Provision for income taxes (benefit) – – – – – Net loss $ (135,241 ) $ (413,868 ) $ (485,728 ) $ (1,195,488 ) $ (2,230,325 ) Corporate functions including (i) the compensation of the Company’s executive management, (ii) services provided to the segments in areas such as accounting, information technology, legal and human resources, and (iii) financing and other transactional activities are not allocated to the segments and are included in "Corporate" in the table above. Operating segments do not sell products to each other, and accordingly, there is no inter-segment revenue to be reported. Management does not use total assets by segment to evaluate segment performance or allocate resources. As such, total assets by segment are not disclosed. Geographic Information The tables below present revenue by country for the years ended March 31, 2024 and 2023. Revenue amounts are based upon the location of the business segment servicing the cus tomer. Schedule of revenue by country Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 United States $ 112,727 $ 141,974 Philippines 761,505 1,057,669 Total sales $ 874,232 $ 1,199,643 The table below presents property and equipment, net by country, based on the physical location of the assets, as of March 31, 2024 and December 31, 2023: Schedule of property and equipment, net by country March 31, 2024 December 31, 2023 United States $ 29,774 $ 28,614 Philippines 77,814 86,200 Total property and equipment, net $ 107,588 $ 114,814

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	20. COMMITMENTS AND CONTINGENCIES In the ordinary course of business, the Company and its subsidiaries are subject to various pending and potential legal actions, arbitration proceedings, claims, investigations, examinations, regulatory proceedings, information gathering requests, subpoenas, inquiries and matters relating to compliance with laws and regulations (collectively, legal proceedings). Based on the Company’s current knowledge, and taking into consideration its legal expenses, the Company does not believe it is a party to, nor are any of its subsidiaries the subject of, any legal proceeding that would have a material adverse effect on the Company’s consolidated financial condition or liquidity. See also Note 6 (“Leases”). See also Note 17 (“Income Taxes”).

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	21. SUBSEQUENT EVENTS April 2024 SPA for Convertible Promissory Note and Warrants with Generating Alpha On April 1, 2024, the Company entered into a Securities Purchase Agreement (the “April 2024 SPA”) with Generating Alpha pursuant to which it has agreed to sell a convertible promissory note (the “April 2024 Note”), having an initial principal amount of $650,000, for a price of $520,000. In connection with the purchase and sale of the April 2024 Note, the Company has agreed to issue to Generating Alpha a common stock purchase warrant to acquire a total of 962,962 shares of its common stock. The transactions closed on April 4, 2024. In connection with the April 2024 SPA, the Company entered into a Registration Rights Agreement, dated April 1, 2024 (the “April 2024 Registration Rights Agreement”), with Generating Alpha. The April 2024 Registration Rights Agreement provided that the Company shall file a registration statement covering the resale of all of the Registrable Securities (as defined in the April 2024 Registration Rights Agreement) with the SEC. On April 24, 2024, the Company entered into a first amendment agreement (the “First Amendment”) to the April 2024 SPA with Generating Alpha pursuant to which it shall promptly effect a reverse stock split in the event that the closing price of its common stock falls below $0.25 per share for a period of five consecutive trading days. In connection with the First Amendment, the Company entered into an amendment to the April 2024 Note with Generating Alpha pursuant to which in no event shall the conversion price be less than $0.17. Amendment to the March 2024 SPA for Equity Line of Credit with Generating Alpha On April 24, 2024, the Company entered into an omnibus amendment agreement with Generating Alpha pursuant to which (1) the March 2024 SPA was amended to clarify that the calculation of the number of put shares issuable by the Company without any shareholder approval required by an exchange shall include all shares of common stock beneficially owned by Generating Alpha, and (2) the March 2024 Warrant was amended to remove its alternative cashless exercise feature. Issuance of Common Stock On April 11, 2024, the Company issued 96,931 shares of common stock to an investor relations firm for services rendered.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in conjunction with the instructions to Form 10-Q of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures required by GAAP for complete financial statements have been condensed or omitted. For the three months ended March 31, 2024, the condensed consolidated financial statements include the accounts of the Company and its operating subsidiaries GSOC, TDH, GEDU, GNUT, and CIM. The Company recognizes noncontrolling interest related to its less-than-wholly-owned subsidiary, CIM, as equity in the consolidated financial statements separate from the parent entity’s equity. The net loss attributable to noncontrolling interest is included in net loss in the condensed consolidated statements of operations and comprehensive loss. These condensed consolidated financial statements include all of the adjustments, which in the opinion of management are necessary for a fair presentation of financial position and results of operations. All such adjustments, which include intercompany balances and transactions are of a normal and recurring nature. Interim results are not necessarily indicative of results for a full year. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto at December 31, 2023, as presented in the Company’s Annual Report on Form 10-K filed on April 16, 2024 with the SEC. Certain amounts for the prior year period have been reclassified to conform to current period’s presentation.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. The most significant estimates relate to revenue recognition, valuation of accounts receivable, goodwill and other long-lived assets, and contingencies. The Company bases its estimates on historical experience, known or expected trends and various other assumptions that are believed to be reasonable given the quality of information available as of the date of these financial statements. The results of these assumptions provide the basis for making estimates about the carrying amounts of assets and liabilities that are not readily apparent from other sources. Actual results could differ from these estimates.
Update to Significant Accounting Policies	Update to Significant Accounting Policies There have been no new or material changes to the significant accounting policies discussed in the Company’s audited financial statements in its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 as filed with the SEC on April 16, 2024, that are of significance, or potential significance, to the Company.

ACCOUNTS RECEIVABLE (Tables)

ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Mar. 31, 2024
Receivables [Abstract]
Schedule of accounts receivable	Schedule of accounts receivable March 31, 2024 December 31, 2023 Billed accounts receivable $ 274,745 $ 495,991 Unbilled accounts receivable 589,671 374,206 Allowance for doubtful accounts (43,661 ) (44,124 ) Total accounts receivable, net $ 820,755 $ 826,073

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
Leases
Schedule of future minimum payment obligations	Schedule of future minimum payment obligations Remainder of 2024 $ 199,800 2025 272,852 2026 221,640 2027 232,723 Thereafter – Total $ 927,015
Schedule of operating right-of-use assets and related lease liabilities	Schedule of operating right-of-use assets and related lease liabilities Three Months Ended Cash paid for operating lease liabilities $ 84,413 Weighted-average remaining lease term in years 3.3 Weighted-average discount rate 10

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of property and equipment	Schedule of property and equipment March 31, 2024 December 31, 2023 Cost Accumulated Depreciation Net Book Value Cost Accumulated Depreciation Net Book Value Capital assets subject to depreciation: Computers and office equipment $ 2,493,994 $ (2,449,707 ) $ 44,287 $ 2,516,090 $ (2,471,833 ) $ 44,257 Machinery and equipment 178,422 (173,798 ) 4,624 180,317 (174,844 ) 5,473 Vehicles 11,606 (11,606 ) – 11,729 (11,729 ) – Furniture and fixtures 371,747 (364,835 ) 6,912 375,429 (367,286 ) 8,143 Leasehold improvements 1,066,523 (1,014,758 ) 51,765 1,077,852 (1,020,911 ) 56,941 Total fixed assets $ 4,122,292 $ (4,014,704 ) $ 107,588 $ 4,161,417 $ (4,046,603 ) $ 114,814

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	Schedule of goodwill Animation Original Content Consolidated Balance, January 1, 2023 $ 1,901,168 $ 8,666,316 $10,567,484 Impairment charge (954,655 ) (3,921,451 ) (4,876,106) Balance, December 31, 2023 946,513 4,744,865 5,691,378 Impairment charge – – - Balance, March 31, 2024 $ 946,513 $ 4,744,865 $5,691,378
Schedule of intangible assets	Schedule of intangible assets March 31, 2024 December 31, 2023 Amortization Period (Years) Gross Carrying Amount Accumulated Amortization Net Book Value Gross Carrying Amount Accumulated Amortization Net Book Value Intangible assets subject to amortization: Customer relationships 10.00 $ 1,526,282 $ (1,182,869 ) $ 343,413 $ 1,526,282 $ (1,144,711 ) $ 381,571 Licensing agreement 19.60 341,728 (46,383 ) 295,345 341,728 (42,035 ) 299,693 Subtotal 1,868,010 (1,229,252 ) 638,758 1,868,010 (1,186,746 ) 681,264 Intangible assets not subject to amortization: Books and stories content 126,698 – 126,698 126,698 – 126,698 Trade names 4,386,247 – 4,386,247 4,386,247 – 4,386,247 Total intangible assets $ 6,380,955 $ (1,229,252 ) $ 5,151,703 $ 6,380,955 $ (1,186,746 ) $ 5,194,209
Schedule of amortization expense for intangible assets	Schedule of amortization expense for intangible assets Remainder of 2024 $ 127,516 2024 170,022 2025 93,708 2026 17,394 2027 17,394 Thereafter 212,724 Total remaining intangible assets subject to amortization $ 638,758

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	3 Months Ended
	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of other assets	Schedule of other assets March 31, 2024 December 31, 2023 Capitalized prepublication costs $ 173,145 $ 173,949 Capitalized produced and licensed content costs 1,912,658 1,503,036 Capitalized website development costs 589,074 682,722 Deposits 72,934 73,708 Total other assets $ 2,747,811 $ 2,433,415
Schedule of capitalized costs	Schedule of capitalized costs March 31, 2024 December 31, 2023 Gross Carrying Value Accumulated Net Book Gross Carrying Value Accumulated Net Book Capitalized prepublication costs $ 178,648 $ (5,503 ) $ 173,145 $ 178,648 $ (4,699 ) $ 173,949 Capitalized produced and licensed content costs 1,912,658 – 1,912,658 1,503,036 – 1,503,036 Capitalized website development costs 1,123,772 (534,698 ) 589,074 1,123,772 (441,050 ) 682,722 Total capitalized costs $ 3,215,078 $ (540,201 ) $ 2,674,877 $ 2,805,456 $ (445,749 ) $ 2,359,707

ACCOUNTS PAYABLE AND ACCRUED _2

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
Schedule of accrued liabilities	Schedule of accrued liabilities March 31, 2024 December 31, 2023 Executive and employee compensation $ 84,781 $ 53,582 Interest on convertible notes and promissory notes 137,924 61,216 Other accrued expenses and liabilities 98,466 178,481 Total accrued liabilities $ 321,171 $ 293,279

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of convertible notes	Schedule of convertible notes March 31, 2024 December 31, 9% Secured Convertible Note with Original Issuance Discounts (Generating Alpha) $ 60,322 $ 4,000,000 10% Secured Convertible Notes with Original Issuance Discounts (OID Notes) 75,000 75,000 12% Senior Secured Convertible Notes (TDH Secured Notes) 25,944 63,905 12% Senior Secured Convertible Notes (Additional Secured Notes) 4,929 12,142 Loan discounts (50,834 ) (3,356,458 ) Total convertible notes, net 115,361 794,589 Less: current portion of convertible notes, net (107,116 ) (254,146 ) Convertible notes, net $ 8,245 $ 540,443
Schedule of principal repayments	Schedule of principal repayments Remainder of 2024 $ 113,776 2025 11,398 2026 12,468 2027 13,637 2028 14,917 Total future minimum principal payments $ 166,196

DERIVATIVE LIABILITIES (Tables)

DERIVATIVE LIABILITIES (Tables)	3 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Assumptions used for derivative liability	Assumptions used for derivative liability May 11, March 8, January 19, December 31, 2024 2024 2024 2023 Stock price $ 1.08 $ 1.07 $ 0.76 $ 1.13 Strike price 1.50 1.50 1.50 1.50 Risk-free rate 4.0% 4.0% 4.0% 3.8% Annualized volatility 99.0% 99.0% 99.0% 100.0% Forecast horizon in years 4.8 4.8 5.0 5.0 Alternative Conversion Price 85.0% 85.0% 85.0% 85.0% Implied Discount Rate 25.1% 24.7% 25.2% 27.3%

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Financial instruments at fair value	Financial instruments at fair value March 31, 2024 Total Level 1 Level 2 Level 3 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – Derivative Liabilities – – – – Total Liabilities $ – $ – $ – $ – December 31, 2023 Total Level 1 Level 2 Level 3 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – Derivative Liabilities 1,310,394 – – 1,310,394 Total Liabilities $ 1,310,394 $ – $ – $ 1,310,394
Summary of changes of fair value	Summary of changes of fair value Level 3 Financial Liabilities for the Three Months Ended March 31, 2024 Balance 2024 Realized (Gains) Losses Additions Settlements Unrealized (Gains) Losses Balance March 31, 2024 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – $ – $ – Derivative Liabilities 1,310,394 – – – – – Total Liabilities $ 1,310,394 $ – $ – $ – $ – $ – Level 3 Financial Liabilities for the Three Months Ended March 31, 2023 Balance 2023 Realized (Gains) Losses Additions Settlements Unrealized (Gains) Losses Balance March 31, 2023 Liabilities: Contingent Purchase Consideration $ – $ – $ – $ – $ – $ – Derivative Liabilities – – – – – – Total Liabilities $ – $ – $ – $ – $ – $ –

EMPLOYEE BENEFIT PLAN (Tables)

EMPLOYEE BENEFIT PLAN (Tables)	3 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
Schedule of defined benefit liability	Schedule of defined benefit liability March 31, 2024 December 31, 2023 Benefit obligation $ 405,233 $ 240,763 Plan assets – – Total $ 405,233 $ 240,763
Schedule of accumulated benefit cost	Schedule of accumulated benefit cost March 31, 2024 March 31, 2023 Current service cost $ 4,661 $ 56,630 Net interest expense 3,597 5,374 Total $ 8,258 $ 59,004
Schedule of change in the accumulated benefit cost	Schedule of change in the accumulated benefit cost 2024 Balance, January 1 $ 240,763 Foreign currency translation (3,181 ) Expense recognized in other comprehensive income 8,258 Remeasurement on actuarial gain (loss) recognized 159,393 Contributions paid – Balance, March 31 $ 405,233
Schedule of actuarial gains recognized in other comprehensive income	Schedule of actuarial gains recognized in other comprehensive income 2024 2023 Balance, January 1 $ 124,922 $ 37,303 Foreign currency translation (266 ) – Actuarial gain (loss) (159,393 ) 46,307 Balance, March 31 (34,737 ) 83,610 Tax effect 8,618 (20,903 ) Cumulative actuarial gain (loss), net of tax $ (26,119 ) $ 62,707
Schedule of assumptions used to determine retirement benefits	Schedule of assumptions used to determine retirement benefits March 31, 2024 Discount rate 6.26% Salary increase rate 2.00%

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Schedule of stock purchase warrants	Schedule of stock purchase warrants Number of Warrants Outstanding Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Yrs.) Balance January 1, 2023 206,860 $ 145.80 4.89 Warrants issued 4,058,719 2.07 Warrants exercised (1,403,461 ) – Warrants forfeited (62 ) – December 31, 2023 2,862,056 7.93 4.84 Warrants issued 2,314,814 0.00 Warrants exercised – – Warrants forfeited – – Balance March 31, 2024 5,176,870 $ 3.21 4.75
Schedule of stock options	Schedule of stock options Year Issued Options Options Options Vested Weighted Average Exercise Price Weighted Average Remaining Life (Yrs.) 2021 348 – 348 232 1,788.00 2.33 Total 348 – 348 232 $ 1,788.00 2.33

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of segment results	Schedule of segment results Animation Original Content Social & Technology Corporate Consolidated Sales $ 761,505 $ 45,064 $ 67,663 $ – $ 874,232 Cost of goods sold 559,590 46,055 6,250 – 611,895 Gross profit 201,915 (991 ) 61,413 – 262,337 Operating expenses: Depreciation and amortization 41,809 100,018 807 – 142,634 Selling, general and administrative 294,667 346,493 614,558 280,126 1,535,844 Professional fees 88,871 59,037 21,000 175,968 344,876 Total operating expenses 425,347 505,548 636,365 456,094 2,023,354 Loss from operations (223,432 ) (506,539 ) (574,952 ) (456,094 ) (1,761,017 ) Other income (expense) Interest expense, net 191 – – (3,413,711 ) (3,413,520 ) Loss on settlement of derivative liabilities – – – (7,734 ) (7,734 ) Unrealized gain on change in fair value of derivative liabilities – – – 1,142,314 1,142,314 Other gains (losses) (22,730 ) – – – (22,730 ) Total other income (expense) (22,539 ) – – (2,279,131 ) (2,301,670 ) Loss before income taxes (245,971 ) (506,539 ) (574,952 ) (2,735,225 ) (4,062,687 ) Provision for income taxes (benefit) – – – – – Net loss $ (245,971 ) $ (506,539 ) $ (574,952 ) $ (2,735,225 ) $ (4,062,687 ) The table below presents the results of operations by reportable segment for the three months ended March 31, 2023: Animation Original Content Social & Technology Corporate Consolidated Sales $ 1,057,669 $ 50,863 $ 91,111 $ – $ 1,199,643 Cost of goods sold 643,773 11,073 4,660 – 659,506 Gross profit 413,896 39,790 86,451 – 540,137 Operating expenses: Depreciation and amortization 52,111 100,019 1,060 – 153,190 Selling, general and administrative 476,304 352,383 579,084 467,589 1,875,360 Professional fees 28,698 650 – 247,572 276,920 Total operating expenses 557,113 453,052 580,144 715,161 2,305,470 Loss from operations (143,217 ) (413,262 ) (493,693 ) (715,161 ) (1,765,333 ) Other income (expense) Interest expense, net 155 (606 ) – (480,327 ) (480,778 ) Loss on settlement of derivative liabilities – – – – – Unrealized gain on change in fair value of derivative liabilities – – – – – Other gains (losses) 7,821 – 7,965 – 15,786 Total other income (expense) 7,976 (606 ) 7,965 (480,327 ) (464,992 ) Loss before income taxes (135,241 ) (413,868 ) (485,728 ) (1,195,488 ) (2,230,325 ) Provision for income taxes (benefit) – – – – – Net loss $ (135,241 ) $ (413,868 ) $ (485,728 ) $ (1,195,488 ) $ (2,230,325 )
Schedule of revenue by country	Schedule of revenue by country Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 United States $ 112,727 $ 141,974 Philippines 761,505 1,057,669 Total sales $ 874,232 $ 1,199,643
Schedule of property and equipment, net by country	Schedule of property and equipment, net by country March 31, 2024 December 31, 2023 United States $ 29,774 $ 28,614 Philippines 77,814 86,200 Total property and equipment, net $ 107,588 $ 114,814

GOING CONCERN (Details Narrativ

GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 100,888,589		$ 96,742,387
Cash used in operating activities	$ 2,245,591	$ 2,172,556

ACCOUNTS RECEIVABLE (Details)

ACCOUNTS RECEIVABLE (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Billed accounts receivable	$ 274,745	$ 495,991
Unbilled accounts receivable	589,671	374,206
Allowance for doubtful accounts	(43,661)	(44,124)
Total accounts receivable, net	$ 820,755	$ 826,073

ACCOUNTS RECEIVABLE (Details Na

ACCOUNTS RECEIVABLE (Details Narrative) - Customer Concentration Risk [Member]	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Revenue Benchmark [Member] | Two Customers [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk percentage	77.80%
Revenue Benchmark [Member] | Three Customers [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk percentage		76.30%
Accounts Receivable [Member] | Two Customers [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk percentage				80.50%
Accounts Receivable [Member] | One Customer [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Concentration risk percentage			66.70%

INVENTORY (Details Narrative)

INVENTORY (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventory	$ 44,771	$ 43,205
Work-in-progress	39,218	40,722
Finished goods	$ 5,553	$ 2,483

LEASES (Details - Future minimu

LEASES (Details - Future minimum payment obligations)	Mar. 31, 2024 USD ($)
Leases
Remainder of 2024	$ 199,800
2025	272,852
2026	221,640
2027	232,723
Thereafter	0
Total	$ 927,015

LEASES (Details - Operating rig

LEASES (Details - Operating right-of-use assets and related lease liabilities)	3 Months Ended
	Mar. 31, 2024 USD ($)
Leases
Cash paid for operating lease liabilities	$ 84,413
Weighted-average remaining lease term in years	3 years 3 months 18 days
Weighted-average discount rate	10%

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases
Rent expense	$ 87,065	$ 100,102

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,122,292	$ 4,161,417
Accumulated depreciation	(4,014,704)	(4,046,603)
Property and equipment, net	107,588	114,814
Computers And Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,493,994	2,516,090
Accumulated depreciation	(2,449,707)	(2,471,833)
Property and equipment, net	44,287	44,257
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	178,422	180,317
Accumulated depreciation	(173,798)	(174,844)
Property and equipment, net	4,624	5,473
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	11,606	11,729
Accumulated depreciation	(11,606)	(11,729)
Property and equipment, net	0	0
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	371,747	375,429
Accumulated depreciation	(364,835)	(367,286)
Property and equipment, net	6,912	8,143
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,066,523	1,077,852
Accumulated depreciation	(1,014,758)	(1,020,911)
Property and equipment, net	$ 51,765	$ 56,941

PROPERTY AND EQUIPMENT (Detai_2

PROPERTY AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 10,062	$ 69,876

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS (Details - Goodwill) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Indefinite-Lived Intangible Assets [Line Items]
Carrying amount of goodwill, Beginning balance	$ 5,691,378	$ 10,567,484
Impairment charge	0	(4,876,106)
Carrying amount of goodwill, Ending balance	5,691,378	5,691,378
Animation [Member]
Indefinite-Lived Intangible Assets [Line Items]
Carrying amount of goodwill, Beginning balance	946,513	1,901,168
Impairment charge	0	(954,655)
Carrying amount of goodwill, Ending balance	946,513	946,513
Original Content [Member]
Indefinite-Lived Intangible Assets [Line Items]
Carrying amount of goodwill, Beginning balance	4,744,865	8,666,316
Impairment charge	0	(3,921,451)
Carrying amount of goodwill, Ending balance	$ 4,744,865	$ 4,744,865

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS (Details - Intangibles) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Finite intangible assets, Gross carrying amount	$ 1,868,010	$ 1,868,010
Accumulated amortization	(1,229,252)	(1,186,746)
Finite lived intangible asset, Net book value	638,758	681,264
Total intangible assets	6,380,955	6,380,955
Total Accumulated Amortization	(1,229,252)	(1,186,746)
Total intangible assets	5,151,703	5,194,209
Books And Stories Content [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite lived intangible asset, Gross carrying amount	126,698	126,698
Indefinite lived intangible asset, Net book value	126,698	126,698
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite lived intangible asset, Gross carrying amount	4,386,247	4,386,247
Indefinite lived intangible asset, Net book value	$ 4,386,247	4,386,247
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period (Years)	10 years
Finite intangible assets, Gross carrying amount	$ 1,526,282	1,526,282
Accumulated amortization	(1,182,869)	(1,144,711)
Finite lived intangible asset, Net book value	$ 343,413	381,571
Licensing Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization Period (Years)	19 years 7 months 6 days
Finite intangible assets, Gross carrying amount	$ 341,728	341,728
Accumulated amortization	(46,383)	(42,035)
Finite lived intangible asset, Net book value	$ 295,345	$ 299,693

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS (Details - Amortization expense) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2024	$ 127,516
2024	170,022
2025	93,708
2026	17,394
2027	17,394
Thereafter	212,724
Total remaining intangible assets subject to amortization	$ 638,758	$ 681,264

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 5,691,378		$ 5,691,378	$ 10,567,484
Amortization expense	$ 42,505	$ 42,505

DEFERRED FINANCING COSTS (Detai

DEFERRED FINANCING COSTS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Accounting Policies [Abstract]
Deferred Costs, Noncurrent	$ 2,470,605
Amortization of Debt Issuance Costs	$ 27,760

OTHER ASSETS (Details - Schedu

OTHER ASSETS (Details - Schedule of other assets) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Capitalized prepublication costs	$ 173,145	$ 173,949
Capitalized produced and licensed content costs	1,912,658	1,503,036
Capitalized website development costs	589,074	682,722
Deposits	72,934	73,708
Total other assets	$ 2,747,811	$ 2,433,415

OTHER ASSETS (Details - Schedul

OTHER ASSETS (Details - Schedule of capitalized costs) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Gross Carrying Value	$ 3,215,078	$ 2,805,456
Accumulated Amortization	(540,201)	(445,749)
Net Book Value	2,674,877	2,359,707
Capitalized Prepublication Costs [Member]
Property, Plant and Equipment [Line Items]
Gross Carrying Value	178,648	178,648
Accumulated Amortization	(5,503)	(4,699)
Net Book Value	173,145	173,949
Capitalized Produced And Licensed Content Costs [Member]
Property, Plant and Equipment [Line Items]
Gross Carrying Value	1,912,658	1,503,036
Accumulated Amortization	0	0
Net Book Value	1,912,658	1,503,036
Capitalized Website Development Costs [Member]
Property, Plant and Equipment [Line Items]
Gross Carrying Value	1,123,772	1,123,772
Accumulated Amortization	(534,698)	(441,050)
Net Book Value	$ 589,074	$ 682,722

OTHER ASSETS (Details Narrative

OTHER ASSETS (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Amortization expense	$ 94,452	$ 94,452

ACCOUNTS PAYABLE AND ACCRUED _3

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Executive and employee compensation	$ 84,781	$ 53,582
Interest on convertible notes and promissory notes	137,924	61,216
Other accrued expenses and liabilities	98,466	178,481
Total accrued liabilities	$ 321,171	$ 293,279

ACCOUNTS PAYABLE AND ACCRUED _4

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Payables and Accruals [Abstract]
Accounts payable	$ 733,966	$ 865,266

RELATED PARTY TRANSACTIONS AN_2

RELATED PARTY TRANSACTIONS AND PAYABLES (Details Narrative) - USD ($)			3 Months Ended
	Apr. 21, 2023	Jul. 13, 2018	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Related party payables			$ 23,904		$ 23,904
Marks Family [Member]
Related Party Transaction [Line Items]
Salary and wages			25,750	$ 33,250
Rutherford [Member]
Related Party Transaction [Line Items]
Loan		$ 50,000
Debt interest rate		10%
Maturity date		Aug. 11, 2018
Repayments of related party debt	$ 50,000
Accrued interest expense			23,904
Zach Marks [Member]
Related Party Transaction [Line Items]
Salary and wages			$ 103,000

CONVERTIBLE NOTES (Details - Co

CONVERTIBLE NOTES (Details - Convertible debentures) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total convertible notes, net	$ 115,361	$ 794,589
Current portion of convertible notes, net	(107,116)	(254,146)
Convertible notes, net	8,245	540,443
Convertible Debentures [Member]
Debt Instrument [Line Items]
Loan discounts	(50,834)	(3,356,458)
Convertible Debentures [Member] | Secured Convertible Notes Generating Alpha [Member]
Debt Instrument [Line Items]
Total convertible notes, net	60,322	4,000,000
Convertible Debentures [Member] | Secured Convertible Notes OID [Member]
Debt Instrument [Line Items]
Total convertible notes, net	75,000	75,000
Convertible Debentures [Member] | Senior Secured Convertible TDH Notes [Member]
Debt Instrument [Line Items]
Total convertible notes, net	25,944	63,905
Convertible Debentures [Member] | Senior Secured Convertible Additional Secured Notes [Member]
Debt Instrument [Line Items]
Total convertible notes, net	$ 4,929	$ 12,142

CONVERTIBLE NOTES (Details - De

CONVERTIBLE NOTES (Details - Debt maturities)	Mar. 31, 2024 USD ($)
Debt Disclosure [Abstract]
Remainder of 2024	$ 113,776
2025	11,398
2026	12,468
2027	13,637
2028	14,917
Total future minimum principal payments	$ 166,196

DEBT (Details Narrative)

DEBT (Details Narrative) - USD ($)			3 Months Ended	12 Months Ended
	Nov. 09, 2023	Mar. 16, 2020	Mar. 31, 2024	Dec. 31, 2023	Nov. 20, 2023
Debt Instrument [Line Items]
Common stock at a price			$ 1.08
Convertible note			$ 115,361	$ 794,589
First Alpha Note [Member]
Debt Instrument [Line Items]
Convertible debt, gross	$ 4,000,000		$ 60,322
Debt interest rate	9%
Original issue discount rate	9%
Debt periodic payment	$ 83,033
Common stock at a price	$ 1.50
Total warrants acquired	3,028,146
Warrants to be issued	1,514,073				1,514,073
Warrants exercise price	$ 1.78				$ 1.78
Warrant agreement description			(i) a warrant for 757,036 shares of common stock with an exercise price of $1.78 per share and (ii) a warrant for 757,036 shares of common stock with an exercise price of $.001 per share. Additionally, the Amendment replaced the second closing warrant for 1,514,073 shares of common stock with an exercise price of $0.001 per share with (i) a warrant for 757,036 shares of common stock with an exercise price of $1.78 per share and (ii) a warrant for 757,036 shares of common stock with an exercise price of $.001 per share.
Proceeds from issuance of equity				$ 3,600,000
Unamortized discount			$ 50,834
First Alpha Note [Member] | Securities Purchase Agreement [Member]
Debt Instrument [Line Items]
Initial principal amount	$ 4,000,000
Price per note	$ 3,640,000
Secured 10 Conv Notes [Member]
Debt Instrument [Line Items]
Convertible debt, gross			25,000
Secured Convertible Notes Issued 2018 [Member]
Debt Instrument [Line Items]
Convertible debt, gross			50,000
Secured Convertible Notes Issued 2017 And 2018 [Member]
Debt Instrument [Line Items]
Unamortized discount			75,000
Convertible note			75,000
Secured 12 Conv Notes [Member] | TDH Secured Notes [Member]
Debt Instrument [Line Items]
Convertible debt, gross		$ 3,000,000	25,944
Unamortized discount			25,944
Secured 12 Conv Notes [Member] | Additional Secured Notes [Member]
Debt Instrument [Line Items]
Convertible debt, gross		$ 1,060,000	4,929
Original issue discount rate		12%
Unamortized discount			$ 4,929
Debt maturity date		Mar. 16, 2024

DERIVATIVE LIABILITIES (Details

DERIVATIVE LIABILITIES (Details - Assumptions used)	May 11, 2024	Mar. 08, 2024	Jan. 19, 2024	Dec. 31, 2023
Measurement Input, Share Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Determination of fair value	$ 1.08	$ 1.07	$ 0.76	$ 1.13
Measurement Input, Quoted Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Determination of fair value	1.50	1.50	1.50	1.50
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Determination of fair value	4.0%	4.0%	4.0%	3.8%
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Determination of fair value	99.0%	99.0%	99.0%	100.0%
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Determination of fair value	4.8	4.8	5.0	5.0
Measurement Input, Conversion Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Determination of fair value	85.0%	85.0%	85.0%	85.0%
Measurement Input, Discount Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Determination of fair value	25.1%	24.7%	25.2%	27.3%

DERIVATIVE LIABILITIES (Detai_2

DERIVATIVE LIABILITIES (Details Narrative) - USD ($)	Dec. 21, 2023	Dec. 31, 2023	Nov. 09, 2023
Debt Instrument [Line Items]
Derivative Liability		$ 1,310,394
First Alpha Note [Member]
Debt Instrument [Line Items]
Debt stated interest rate			9%
First Alpha Note [Member] | Generating Alpha Ltd [Member]
Debt Instrument [Line Items]
Debt face amount	$ 4,000,000
Debt term	5 years
Debt stated interest rate	9%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details - Fair value) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	$ 0	$ 1,310,394
Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	1,310,394	$ 0	$ 0
Contingent Purchase Consideration [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0
Contingent Purchase Consideration [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0
Contingent Purchase Consideration [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0
Contingent Purchase Consideration [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0	0	0
Derivative Liabilities [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	1,310,394
Derivative Liabilities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0
Derivative Liabilities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0
Derivative Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	$ 0	$ 1,310,394	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Deta_2

FAIR VALUE MEASUREMENTS (Details - Changes in fair value) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	$ 0		$ 1,310,394
Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	$ 0	1,310,394	$ 0
Realized (gains) losses of financial liabilities	0	0
Additions to fair value of financial liabilities	0	0
Settlements to fair value of financial liabilities	0	0
Unrealized gains/losses to fair value of financial liabilities	0	0
Contingent Purchase Consideration [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0		0
Contingent Purchase Consideration [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0	0	0
Realized (gains) losses of financial liabilities	0	0
Additions to fair value of financial liabilities	0	0
Settlements to fair value of financial liabilities	0	0
Unrealized gains/losses to fair value of financial liabilities	0	0
Derivative Liabilities [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0		1,310,394
Derivative Liabilities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]
Financial liabilities at fair value	0	0	$ 1,310,394	$ 0
Realized (gains) losses of financial liabilities	0	0
Additions to fair value of financial liabilities	0	0
Settlements to fair value of financial liabilities	0	0
Unrealized gains/losses to fair value of financial liabilities	$ 0	$ 0

EMPLOYEE BENEFIT PLAN (Details

EMPLOYEE BENEFIT PLAN (Details - Defined benefit liability) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
Benefit obligation	$ 405,233	$ 240,763
Plan assets	0	0
Total	$ 405,233	$ 240,763

EMPLOYEE BENEFIT PLAN (Detail_2

EMPLOYEE BENEFIT PLAN (Details - Accumulated benefit cost) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Retirement Benefits [Abstract]
Current service cost	$ 4,661	$ 56,630
Net interest expense	3,597	5,374
Total	$ 8,258	$ 59,004

EMPLOYEE BENEFIT PLAN (Detail_3

EMPLOYEE BENEFIT PLAN (Details - Changes in accumulated benefit cost)	3 Months Ended
	Mar. 31, 2024 USD ($)
Retirement Benefits [Abstract]
Balance, January 1	$ 240,763
Foreign currency translation	(3,181)
Expense recognized in other comprehensive income	8,258
Remeasurement on actuarial gain (loss) recognized	159,393
Contributions paid	0
Balance, March 31	$ 405,233

EMPLOYEE BENEFIT PLAN (Detail_4

EMPLOYEE BENEFIT PLAN (Details - Actuarial gains) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other comprehensive income (loss), beginning balance	$ (159,603)
Other comprehensive income (loss), ending balance	(349,999)
Top Draw Animation [Member]
Other comprehensive income (loss), beginning balance	124,922	$ 37,303
Foreign currency translation	(266)	0
Actuarial gain (loss)	(159,393)	46,307
Other comprehensive income (loss), ending balance	(34,737)	83,610
Tax effect	8,618	(20,903)
Cumulative actuarial gain (loss), net of tax	$ (26,119)	$ 62,707

EMPLOYEE BENEFIT PLAN (Detail_5

EMPLOYEE BENEFIT PLAN (Details - Assumptions)	Mar. 31, 2024
Retirement Benefits [Abstract]
Discount rate	6.26%
Salary increase rate	2%

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Effective tax rate	0%

STOCKHOLDERS' EQUITY (Details -

STOCKHOLDERS' EQUITY (Details - Warrant activity) - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Number of warrants outstanding, Beginning balance	2,862,056	206,860
Weighted average exercise price, Beginning balance	$ 7.93	$ 145.80
Weighted average remaining contractual life (Yrs.)	4 years 9 months	4 years 10 months 2 days	4 years 10 months 20 days
Number of warrants outstanding, Warrants issued	2,314,814	4,058,719
Weighted average exercise price, Warrants issued	$ 0	$ 2.07
Number of warrants outstanding, Warrants exercised	0	(1,403,461)
Weighted average exercise price, Warrants exercised	$ 0	$ 0
Number of warrants outstanding, Warrants forfeited	0	(62)
Weighted average exercise price, Warrants forfeited	$ 0	$ 0
Number of warrants outstanding, Ending balance	5,176,870	2,862,056	206,860
Weighted average exercise price, Ending balance	$ 3.21	$ 7.93	$ 145.80

STOCKHOLDERS' EQUITY (Details_2

STOCKHOLDERS' EQUITY (Details - Option activity) - Equity Option [Member]	3 Months Ended
	Mar. 31, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options issued	348
Options forfeited	0
Options outstanding	348
Vested options	232
Strike price | $ / shares	$ 1,788
Weighted average remaining life (Yrs.)	2 years 3 months 29 days
Option 2021 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Options issued	348
Options forfeited	0
Options outstanding	348
Vested options	232
Strike price | $ / shares	$ 1,788
Weighted average remaining life (Yrs.)	2 years 3 months 29 days

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)			3 Months Ended		12 Months Ended
	Mar. 11, 2024	Sep. 07, 2023	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Class of Stock [Line Items]
Common stock, shares authorized			500,000,000		500,000,000
Common stock, par value			$ 0.001		$ 0.001
Common stock, shares issued			8,927,261		1,970,404
Common stock, shares outstanding			8,927,261		1,970,404
Reverse stock split		1-for-20
Warrants isued			2,314,814		4,058,719
Stock issued for services, value			$ 73,780	$ 31,968
Stock price			$ 1.08
Expected dividend yield			0%
Volatility rate			136.70%
Risk-free interest rate			4.10%
Fair value of warrants			$ 2,498,365
Aggregate intrinsic value			3,174,146
Stock based compensation expenses			20,522	$ 44,822
Unrecognized cost of stock-based compensation			$ 27,362
Recognized weighted average period			4 months 2 days
Intrinsic value			$ 0
Conv Debt And Interest [Member]
Class of Stock [Line Items]
Common stock upon conversion shares			6,861,666
Common stock upon conversion value			$ 3,939,678
Contractors [Member]
Class of Stock [Line Items]
Stock issued for services, shares			23,334	1,167
Stock issued for services, value			$ 31,968	$ 31,968
Securities Purchase Agreement [Member] | Generating Alpha [Member]
Class of Stock [Line Items]
Number of shares sell	$ 25,000,000
Warrants isued			2,314,814
Warrants exercise price			$ 0.001
Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			25,000,000
Preferred stock, par value			$ 0.001
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			2,000,000		2,000,000
Preferred stock, par value			$ 0.001		$ 0.001
Preferred stock, shares issued			0		0
Preferred stock, shares outstanding			0		0
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			10,000,000		10,000,000
Preferred stock, par value			$ 0.001		$ 0.001
Preferred stock, shares issued			0		0
Preferred stock, shares outstanding			0		0
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			10,000,000		10,000,000
Preferred stock, par value			$ 0.001		$ 0.001
Preferred stock, shares issued			9,243,309		9,243,309
Preferred stock, shares outstanding			9,243,309		9,243,309
Declared cumulative dividends			$ 184,866
Warrant [Member]
Class of Stock [Line Items]
Warrant issued	2,314,814
Number of securities called by each warrant	2,314,814
Warrants exercisable	$ 0.001
Deferred financing costs			$ 2,470,605
Deferred financing cost amortized period			2 years 10 months 24 days
Common Stock [Member]
Class of Stock [Line Items]
Number of shares issued upon exercise, warrants				63,139
Number of shares issued other			171,935
Purchase warrants			225,380
Pre Funded Warrants [Member]
Class of Stock [Line Items]
Number of shares issued upon exercise, warrants				63,139
Number of shares issued upon exercise, value				$ 12,309

SEGMENT INFORMATION (Details -

SEGMENT INFORMATION (Details - Reportable segments) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Sales	$ 874,232	$ 1,199,643
Cost of goods sold	611,895	659,506
Gross profit	262,337	540,137
Operating expenses:
Depreciation and amortization	142,634	153,190
Selling, general and administrative	1,535,844	1,875,360
Professional fees	344,876	276,920
Total operating expenses	2,023,354	2,305,470
Loss from operations	(1,761,017)	(1,765,333)
Other income (expense)
Interest expense, net	(3,413,520)	(480,778)
Loss on settlement of derivative liabilities	(7,734)	0
Unrealized gain on change in fair value of derivative liabilities	1,142,314	0
Other gains (losses)	(22,730)	15,786
Total other income (expense)	(2,301,670)	(464,992)
Loss before income taxes	(4,062,687)	(2,230,325)
Provision for income taxes (benefit)	0	0
Net loss	(4,062,687)	(2,230,325)
Animation [Member]
Segment Reporting Information [Line Items]
Sales	761,505	1,057,669
Cost of goods sold	559,590	643,773
Gross profit	201,915	413,896
Operating expenses:
Depreciation and amortization	41,809	52,111
Selling, general and administrative	294,667	476,304
Professional fees	88,871	28,698
Total operating expenses	425,347	557,113
Loss from operations	(223,432)	(143,217)
Other income (expense)
Interest expense, net	191	155
Loss on settlement of derivative liabilities	0	0
Unrealized gain on change in fair value of derivative liabilities	0	0
Other gains (losses)	(22,730)	7,821
Total other income (expense)	(22,539)	7,976
Loss before income taxes	(245,971)	(135,241)
Provision for income taxes (benefit)	0	0
Net loss	(245,971)	(135,241)
Original Content [Member]
Segment Reporting Information [Line Items]
Sales	45,064	50,863
Cost of goods sold	46,055	11,073
Gross profit	(991)	39,790
Operating expenses:
Depreciation and amortization	100,018	100,019
Selling, general and administrative	346,493	352,383
Professional fees	59,037	650
Total operating expenses	505,548	453,052
Loss from operations	(506,539)	(413,262)
Other income (expense)
Interest expense, net	0	(606)
Loss on settlement of derivative liabilities	0	0
Unrealized gain on change in fair value of derivative liabilities	0	0
Other gains (losses)	0	0
Total other income (expense)	0	(606)
Loss before income taxes	(506,539)	(413,868)
Provision for income taxes (benefit)	0	0
Net loss	(506,539)	(413,868)
Social And Technology [Member]
Segment Reporting Information [Line Items]
Sales	67,663	91,111
Cost of goods sold	6,250	4,660
Gross profit	61,413	86,451
Operating expenses:
Depreciation and amortization	807	1,060
Selling, general and administrative	614,558	579,084
Professional fees	21,000	0
Total operating expenses	636,365	580,144
Loss from operations	(574,952)	(493,693)
Other income (expense)
Interest expense, net	0	0
Loss on settlement of derivative liabilities	0	0
Unrealized gain on change in fair value of derivative liabilities	0	0
Other gains (losses)	0	7,965
Total other income (expense)	0	7,965
Loss before income taxes	(574,952)	(485,728)
Provision for income taxes (benefit)	0	0
Net loss	(574,952)	(485,728)
Corporate Segment [Member]
Segment Reporting Information [Line Items]
Sales	0	0
Cost of goods sold	0	0
Gross profit	0	0
Operating expenses:
Depreciation and amortization	0	0
Selling, general and administrative	280,126	467,589
Professional fees	175,968	247,572
Total operating expenses	456,094	715,161
Loss from operations	(456,094)	(715,161)
Other income (expense)
Interest expense, net	(3,413,711)	(480,327)
Loss on settlement of derivative liabilities	(7,734)	0
Unrealized gain on change in fair value of derivative liabilities	1,142,314	0
Other gains (losses)	0	0
Total other income (expense)	(2,279,131)	(480,327)
Loss before income taxes	(2,735,225)	(1,195,488)
Provision for income taxes (benefit)	0	0
Net loss	$ (2,735,225)	$ (1,195,488)

SEGMENT INFORMATION (Details _2

SEGMENT INFORMATION (Details - Revenue by country) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total sales	$ 874,232	$ 1,199,643
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total sales	112,727	141,974
PHILIPPINES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total sales	$ 761,505	$ 1,057,669

SEGMENT INFORMATION (Details _3

SEGMENT INFORMATION (Details - Property and equipment, net by country) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 107,588	$ 114,814
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	29,774	28,614
PHILIPPINES
Revenues from External Customers and Long-Lived Assets [Line Items]
Total property and equipment, net	$ 77,814	$ 86,200