Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current Assets    
Cash $ 4,351,634 $ 8,440,573
Restricted cash 5,000,000 3,650,000
Accounts receivable 2,068,913 2,121,326
Prepaid expenses and other current assets 1,080,787 1,367,795
Total Current Assets 12,501,334 15,579,694
Property and equipment, net 19,580,571 20,554,307
Goodwill 4,083,621 4,083,621
Intangible assets, net 14,186,699 14,789,876
Deposits 712,463 712,463
Deferred production costs 11,508,829 10,962,482
Other assets 6,138,631 4,638,631
Total Assets 68,712,148 71,321,074
Current Liabilities    
Accounts payable 1,070,299 956,871
Accrued expenses and other current liabilities 3,930,946 3,892,471
Accrued interest on convertible debt 2,707,742 2,088,994
Deferred revenue 2,947,391 3,855,459
Convertible debt, net of discount, current portion 10,919,706 12,845,501
Convertible debt, related party, net of discount 992,701 988,115
Total Current Liabilities 22,568,785 24,627,411
Convertible debt, net of discount, non-current portion 1,985,401
Deferred rent 3,359,770 2,472,837
Total Liabilities 27,913,956 27,100,248
Commitments and Contingencies  
Stockholders' Equity    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized, none issued and outstanding
Common stock, $0.0001 par value; 65,000,000 shares authorized, 23,934,871 and 23,176,146 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 2,393 2,317
Common stock subscribed, $0,0001 par value; 1,018,848 and 0 shares subscribed at March 31, 2020 and December 31, 2019, respectively 102
Additional paid in capital 168,654,573 161,300,916
Subscription receivable (2,000,000)
Accumulated deficit (125,995,053) (117,218,584)
Accumulated other comprehensive income 136,177 136,177
Total Stockholders' Equity 40,798,192 44,220,826
Total Liabilities and Stockholders' Equity $ 68,712,148 $ 71,321,074