Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current Assets    
Cash $ 5,772,970 $ 8,440,573
Restricted cash 5,000,000 3,650,000
Accounts receivable 1,342,629 2,121,326
Prepaid expenses and other current assets 1,371,539 1,367,795
Total Current Assets 13,487,138 15,579,694
Property and equipment, net 17,610,568 20,554,307
Goodwill 4,083,621 4,083,621
Intangible assets, net 12,954,948 14,789,876
Deposits 704,500 712,463
Deferred production costs 11,446,098 10,962,482
Other assets 5,000,000 4,638,631
Total Assets 65,286,873 71,321,074
Current Liabilities    
Accounts payable 985,481 956,871
Accrued expenses and other current liabilities 3,960,864 3,892,471
Accrued interest, current portion 1,905,899 2,088,994
Deferred revenue 3,070,726 3,855,459
Convertible debt, net of discount, current portion 2,582,705 12,845,501
Convertible debt, related party, net of discount, current portion   988,115
Loans payable, current portion 928,660
Total Current Liabilities 13,434,335 24,627,411
Deferred rent 3,782,940 2,472,837
Bridge note payable 1,421,096
Accrued interest, non-current portion 17,742
Convertible debt, non-current portion 1,000,000
Convertible debt, related party, non-current portion 1,000,000
Loans payable, non-current portion 663,769
Total Liabilities 21,319,882 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; 100,000,000 shares authorized, 31,989,974 and 23,176,146 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively 3,199 2,317
Additional paid in capital 187,206,726 161,300,916
Accumulated deficit (143,424,659) (117,218,584)
Accumulated other comprehensive income 181,725 136,177
Total Stockholders’ Equity 43,966,991 44,220,826
Total Liabilities and Stockholders’ Equity $ 65,286,873 $ 71,321,074