Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenue $ 139,834 $ 215,196 $ 354,160 $ 756,916
Operating expenses:        
Copyright holder fees 69,143 107,598 174,878 378,458
Sales and marketing 337 5,396 2,371 19,640
General and administrative 386,865 1,116,589 1,939,982 3,967,527
Depreciation and amortization 22,337 28,537 67,643 86,490
Total operating expenses 478,682 1,258,120 2,184,874 4,452,115
Loss from operations (338,848) (1,042,924) (1,830,714) (3,695,199)
Other income (expenses):        
Interest expense (17,789) (4,948) (17,789) (5,490)
Change in fair value of derivative liabilities (28,796) 623,704 467,805 580,492
Total other income (expenses) (46,585) 618,756 450,016 575,002
Net loss $ (385,433) $ (424,168) $ (1,380,698) $ (3,120,197)
Net loss per share – basic and diluted $ 0 $ 0 $ (0.01) $ (0.03)
Weighted average common shares – basic and diluted 123,034,444 91,947,241 118,761,080 91,271,146