ACCRUED ROYALTIES AND UNEARNED ROYALTIES

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

NOTE 8 - ACCRUED ROYALTIES AND UNEARNED ROYALTIES

Accrued Royalties consists of money owed to other parties with whom we have revenue-sharing agreements or from whom we license certain trademarks or copyrights.

Unearned Royalties consists of royalties received from licensees, which have not yet been earned.

Accrued and Unearned Royalties consists of the following at:

	March 31, 2013		December 31, 2012
Accrued Royalties		389,411		388,323
Unearned Royalties		263,977		270,061
Total Accrued and Unearned Royalties	$	653,388	$	658,384