XML 30 R2.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2011
Dec. 31, 2010
Current assets:    
Cash and cash equivalents $ 63,131 $ 76,275
Prepaid expenses 126,429 100,940
Other current assets 609,387 438,799
Total current assets 798,947 616,014
Property and equipment, net 65,554 76,631
Investment in film library, net 4,423,692 9,449,207
Assets held for sale 12,000 12,000
Deposits and other 313,312 321,160
Total assets 5,613,505 10,475,012
Current liabilities:    
Accounts payable 1,170,392 1,195,673
Accrued expenses and other current liabilities 1,810,009 1,278,092
Deferred revenue 247,833 3,973,738
Short term notes payable 9,729,711 10,960,274
Related party payable 617,625 347,500
Derivative liability 10,761,698 7,763,968
Capital leases payable 5,893 11,627
Total current liabilities 28,440,223 26,999,660
Commitments and contingencies    
Shareholders' Deficit:    
Common stock, $.0001 par value; 500,000,000 shares authorized; 348,096,215 and 310,345,811 issued and outstanding, respectively 34,810 31,035
Additional paid in capital 18,711,458 17,478,740
Accumulated deficit (41,572,986) (34,034,423)
Total shareholders' deficit (22,826,718) (16,524,648)
Total liabilities and shareholders' deficit 5,613,505 10,475,012
Net of debt discount
   
Current liabilities:    
Related party notes payable 3,750,000 1,279,018
Accrued interest
   
Current liabilities:    
Related party notes payable $ 347,062 $ 189,770