XML 39 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2019
Dec. 31, 2018
Current Assets    
Cash and cash equivalents $ 313,645 $ 1,014,671
Accounts receivable, net 1,050 124,395
Inventory
Prepaid convention expenses 17,354 762,110
Prepaid expenses 106,012 136,317
Deferred offering costs 79,467 79,467
Total Current Assets 517,528 2,116,960
Property and equipment, net 70,349 99,788
Operating lease right of use asset, net 191,954
Security deposits 9,408 9,408
Total Assets 789,239 2,226,156
Current Liabilities    
Accounts payable and accrued expenses 2,803,456 2,710,989
Unearned revenue 987,603 1,710,722
Operating lease liability 89,788
Convertible promissory note - related party, net 2,500,000 2,495,001
Due to CONtv joint venture 224,241 224,241
Total Current Liabilities 6,605,088 7,140,953
Operating lease liability, net 104,610
Total Liabilities 6,790,698 7,140,953
Commitments and contingencies
Stockholders' Deficit    
Preferred stock par value $0.0001: 20,000,000 shares authorized; 5,768,956 and 5,768,956 shares issued and outstanding, respectively 577 577
Preferred stock par value $0.0001: 50,000 shares designated Series A cumulative, no shares outstanding, respectively
Common stock par value $0.0001: 80,000,000 shares authorized; 70,135,036 and 70,135,036 shares issued and outstanding, respectively 7,015 7,015
Additional paid-in capital 21,270,099 21,026,999
Accumulated deficit (27,185,652) (25,936,890)
Non-controlling interest (12,498) (12,498)
Total Stockholders' Deficit (5,920,459) (4,914,797)
Total Liabilities and Stockholders' Deficit $ 789,239 $ 2,226,156