Genius Brands International Inc (GNUS)

[rickn23]

10K filed
https://www.sec.gov/Archives/edgar/data/1355848/000168316821001169/genius_10k-123120.htm

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$ 2,482,127 total revenue for the year
$17,882,342 loss from operation
$401,669,805 net loss

As of March 30, 2021, the registrant had 300,321,658 shares of common stock outstanding.

On July 7, 2020, we received a letter from a law firm alleging that rights Genius Brands had licensed from POW!, LLC, through its the Stan Lee Universe, LLC joint venture, had already been sold to another company, represented by that law firm. The law firm alleged that the Company is, inter alia, interfering with their contractual rights. This matter was referred to our outside litigation counsel. We have been informed that the matter is being adjudicated in an arbitration and that the arbitrator issued a gag order preventing further communications from Plaintiff to 3rd parties.

Revenue by category
$761,832 Licensing and royalties
$1,464,635 Television and Home entertainment
$252,135 Advertising
$2,525 Product sales