<SEC-DOCUMENT>0001683168-23-005077.txt : 20230726
<SEC-HEADER>0001683168-23-005077.hdr.sgml : 20230726
<ACCEPTANCE-DATETIME>20230725174837
ACCESSION NUMBER:		0001683168-23-005077
CONFORMED SUBMISSION TYPE:	S-3
PUBLIC DOCUMENT COUNT:		16
FILED AS OF DATE:		20230726
DATE AS OF CHANGE:		20230725

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Kartoon Studios, Inc.
		CENTRAL INDEX KEY:			0001355848
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION [7812]
		IRS NUMBER:				204118216
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-273427
		FILM NUMBER:		231109603

	BUSINESS ADDRESS:	
		STREET 1:		190 N. CANON
		STREET 2:		4TH FLOOR
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210
		BUSINESS PHONE:		310-273-4222

	MAIL ADDRESS:	
		STREET 1:		190 N. CANON
		STREET 2:		4TH FLOOR
		CITY:			BEVERLY HILLS
		STATE:			CA
		ZIP:			90210

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Genius Brands International, Inc.
		DATE OF NAME CHANGE:	20111109

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PACIFIC ENTERTAINMENT CORP
		DATE OF NAME CHANGE:	20060310
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-3
<SEQUENCE>1
<FILENAME>kartoon_s3.htm
<DESCRIPTION>FORM S-3
<TEXT>
<XBRL>
<?xml version="1.0" encoding="utf-8"?>
<html xmlns="http://www.w3.org/1999/xhtml" xmlns:xs="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2015-02-26" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:dei="http://xbrl.sec.gov/dei/2023" xmlns:ref="http://www.xbrl.org/2006/ref" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:us-roles="http://fasb.org/us-roles/2023" xmlns:country="http://xbrl.sec.gov/country/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:GNUS="http://gnusbrands.com/20230725">
<head>
     <title></title>
<meta http-equiv="Content-Type" content="text/html" />
</head>
<!-- Field: Set; Name: xdx; ID: xdx_02C_US%2DGAAP%2D2023 -->
<!-- Field: Set; Name: xdx; ID: xdx_039_GNUS_gnusbrands.com_20230725 -->
<!-- Field: Set; Name: xdx; ID: xdx_04C_20230725_20230725 -->
<!-- Field: Set; Name: xdx; ID: xdx_05B_edei%2D%2DEntityCentralIndexKey_0001355848 -->
<!-- Field: Set; Name: xdx; ID: xdx_059_edei%2D%2DAmendmentFlag_false -->
<!-- Field: Set; Name: xdx; ID: xdx_06B_USD_1_iso4217%2D%2DUSD -->
<!-- Field: Set; Name: xdx; ID: xdx_062_Shares_2_xbrli%2D%2Dshares -->
<!-- Field: Set; Name: xdx; ID: xdx_06D_USDPShares_3_iso4217%2D%2DUSD_xbrli%2D%2Dshares -->
<body style="font: 10pt Times New Roman, Times, Serif">
<div style="display: none">
<ix:header>
 <ix:hidden>
  <ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:EntityCentralIndexKey">0001355848</ix:nonNumeric>
  <ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:AmendmentFlag">false</ix:nonNumeric>
  </ix:hidden>
 <ix:references>
  <link:schemaRef xlink:href="gnus-20230725.xsd" xlink:type="simple" />
  </ix:references>
 <ix:resources>
    <xbrli:context id="AsOf2023-07-25">
      <xbrli:entity>
        <xbrli:identifier scheme="http://www.sec.gov/CIK">0001355848</xbrli:identifier>
      </xbrli:entity>
      <xbrli:period>
        <xbrli:startDate>2023-07-25</xbrli:startDate>
        <xbrli:endDate>2023-07-25</xbrli:endDate>
      </xbrli:period>
    </xbrli:context>
    <xbrli:unit id="USD">
      <xbrli:measure>iso4217:USD</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="Shares">
      <xbrli:measure>xbrli:shares</xbrli:measure>
    </xbrli:unit>
    <xbrli:unit id="USDPShares">
      <xbrli:divide>
        <xbrli:unitNumerator>
          <xbrli:measure>iso4217:USD</xbrli:measure>
        </xbrli:unitNumerator>
        <xbrli:unitDenominator>
          <xbrli:measure>xbrli:shares</xbrli:measure>
        </xbrli:unitDenominator>
      </xbrli:divide>
    </xbrli:unit>
  </ix:resources>
 </ix:header>
</div>


<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-size: 7pt"><a href="#s3_002">Table of Contents</a></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt">&#160;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 10pt"><b>As filed with
the Securities and Exchange Commission on July 25, 2023</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><b>Registration No. 333-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 2.25pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>UNITED STATES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Washington, D.C. 20549</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>FORM <span id="xdx_905_edei--DocumentType_c20230725__20230725_z4C9yABiF4N5"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:DocumentType">S-3</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>REGISTRATION STATEMENT</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>UNDER</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>THE SECURITIES ACT OF 1933</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>&#160;</i></b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_90B_edei--EntityRegistrantName_c20230725__20230725_z60UhogDKcLi"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:EntityRegistrantName">Kartoon Studios, Inc.</ix:nonNumeric></span> </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Exact name of registrant as specified in its
charter)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td style="vertical-align: top; width: 51%; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_905_edei--EntityIncorporationStateCountryCode_c20230725__20230725_zcdT2kTEXZP8"><ix:nonNumeric contextRef="AsOf2023-07-25" format="ixt-sec:stateprovnameen" name="dei:EntityIncorporationStateCountryCode">Nevada</ix:nonNumeric></span></b></span></td>
    <td style="vertical-align: bottom; width: 1%">&#160;</td>
    <td style="vertical-align: top; width: 48%; text-align: center"><span style="font-size: 10pt"><b><span id="xdx_90C_edei--EntityTaxIdentificationNumber_c20230725__20230725_z6NyPgkRvtug"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:EntityTaxIdentificationNumber">20-4118216</ix:nonNumeric></span></b></span></td></tr>
  <tr>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt"><b>(State or other jurisdiction of<br />
incorporation or organization)</b></span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt"><b>(I.R.S. Employer<br />
Identification Number)</b></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b><span id="xdx_903_edei--EntityAddressAddressLine1_c20230725__20230725_z3GP6GVvYv3k"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:EntityAddressAddressLine1">190 N. Canon Drive, 4<sup>th</sup> Fl.</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b><span id="xdx_906_edei--EntityAddressCityOrTown_c20230725__20230725_zwedV0K8bkVj"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:EntityAddressCityOrTown">Beverly Hills</ix:nonNumeric></span>, <span id="xdx_90A_edei--EntityAddressStateOrProvince_c20230725__20230725_zBNxk0u0CP9e"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:EntityAddressStateOrProvince">CA</ix:nonNumeric></span> <span id="xdx_90C_edei--EntityAddressPostalZipCode_c20230725__20230725_zcQJg4lQYp6g"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:EntityAddressPostalZipCode">90210</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="xdx_908_edei--CityAreaCode_c20230725__20230725_z0lw9tz6liD"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:CityAreaCode">(310)</ix:nonNumeric></span> <span id="xdx_90F_edei--LocalPhoneNumber_c20230725__20230725_zhi2NDJi4CY7"><ix:nonNumeric contextRef="AsOf2023-07-25" name="dei:LocalPhoneNumber">273-4222</ix:nonNumeric></span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Address, including zip code, and telephone
number, including area code, of registrant&#8217;s principal executive offices)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>Andy Heyward<br />
Chief Executive Officer<br />
Kartoon Studios, Inc.<br />
190 N. Canon Drive, 4<sup>th</sup> Fl.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; background-color: white"><b>Beverly Hills, CA 90210</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(310) 273-4222</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(Name, address, including zip code, and telephone
number, including area code, of agent for service)</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>&#160;</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>With a copy to:</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>&#160;</i></b></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 50%">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Mark G. Pedretti</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Tadashi Okamoto</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Reed Smith LLP<br />
    599 Lexington Avenue<br />
    New York NY 10022<br />
    (212) 521-5400</b></p></td>
    <td style="width: 50%">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Kimberly P. Stein</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Flangas Law Group</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>3275 South Jones Blvd., Suite 105</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Las Vegas, Nevada 89146</b></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(702) 307-9500</b></p></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><i>&#160;</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Approximate date of commencement
of proposed sale to the public: From time to time after this Registration Statement becomes effective.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the only securities being
registered on this form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If any of the securities being
registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other
than securities offered only in connection with dividend or interest reinvestment plans, check the following box. <span style="font-family: Times New Roman, Times, Serif">&#9746;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If this form is filed to register
additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities
Act registration statement number of the earlier effective registration statement for the same offering. <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If this form is a post-effective
amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement
number of the earlier effective registration statement for the same offering. <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If this Form is a registration
statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the
Commission pursuant to Rule 462(e) under the Securities Act, check the following box. <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If this Form is a post-effective
amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional
classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Indicate by check mark whether
the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging
growth company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer,&#8221; &#8220;smaller reporting
company,&#8221; and &#8220;emerging growth company&#8221; in Rule 12b-2 of the Exchange Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 70%; text-align: justify"><span style="font-size: 10pt">Large accelerated filer <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></span></td>
    <td style="width: 30%; text-align: justify"><span style="font-size: 10pt">Accelerated Filer <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></span></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify"><span style="font-size: 10pt"><span id="xdx_90E_edei--EntityFilerCategory_c20230725__20230725_zqwIluEURje1"><ix:nonNumeric contextRef="AsOf2023-07-25" format="ixt-sec:entityfilercategoryen" name="dei:EntityFilerCategory">Non-accelerated filer</ix:nonNumeric></span> <span style="font-family: Times New Roman, Times, Serif">&#9746;</span></span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">Smaller reporting company <span style="font-family: Times New Roman, Times, Serif"><span id="xdx_906_edei--EntitySmallBusiness_c20230725__20230725_zQsyndYvDMBe"><ix:nonNumeric contextRef="AsOf2023-07-25" format="ixt:booleantrue" name="dei:EntitySmallBusiness">&#9746;</ix:nonNumeric></span></span></span></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify"><span style="font-size: 10pt">Emerging growth company <span style="font-family: Times New Roman, Times, Serif"><span id="xdx_900_edei--EntityEmergingGrowthCompany_c20230725__20230725_zEd1u4NQYAXi"><ix:nonNumeric contextRef="AsOf2023-07-25" format="ixt:booleanfalse" name="dei:EntityEmergingGrowthCompany">&#9744;</ix:nonNumeric></span></span></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. <span style="font-family: Times New Roman, Times, Serif">&#9744;</span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>The registrant hereby amends this Registration
Statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which
specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities
Act or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant
to said Section 8(a), may determine.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>&#160;</b></p>

<!-- Field: Page; Sequence: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&#160;<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red"><b>THE INFORMATION IN THIS PROSPECTUS
IS NOT COMPLETE AND MAY BE CHANGED. THESE SECURITIES MAY NOT BE SOLD UNTIL THE REGISTRATION STATEMENT FILED WITH THE SECURITIES AND EXCHANGE
COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES, AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES
IN ANY JURISDICTION WHERE THE OFFER OR SALE IS NOT PERMITTED.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: red"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: red"><b>Subject to Completion, dated July
25, 2023</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: red"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>PROSPECTUS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>KARTOON STUDIOS, INC.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>4,784,909 Shares of Common Stock</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 0.5pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This prospectus relates to
the possible resale by the selling stockholders named in this prospectus (the &#8220;selling stockholders&#8221;) of an aggregate of up
to 4,784,909 shares of common stock of Kartoon Studios, Inc. (&#8220;we,&#8221; &#8220;us&#8221; or the &#8220;Company&#8221;), par value
$0.001 per share (&#8220;Common Stock&#8221;), issuable upon exercise of certain outstanding Common Stock purchase warrants, issued by
us to the selling stockholders on June 26, 2023 (the &#8220;Warrants&#8221;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The selling stockholders may,
from time to time, sell, transfer, or otherwise dispose of any or all of their securities from time to time on any stock exchange, market,
or trading facility on which the securities are traded or in private transactions. These dispositions may be at fixed prices, at prevailing
market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined at the time of sale,
or at negotiated prices. See &#8220;<a href="#s3_009">Plan of Distribution</a>.&#8221; We do not know when or in what amount the selling stockholders may offer
the securities for sale. The selling stockholders may sell any, all or none of the securities offered in this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Warrants are not exercisable
until our stockholders approve the issuance of the shares of our Common Stock issuable upon exercise of the Warrants. The Warrants are
exercisable at any time following stockholder approval. We are soliciting stockholder approval at our 2023 Annual Meeting of Stockholders,
to be held on August 25, 2023 (the &#8220;2023 Annual Meeting&#8221;). See &#8220;<a href="#s3_005">Prospectus Summary</a> &#8211; Recent Developments &#8211;
Stockholder Approval.&#8221;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are not offering any securities
for sale under this prospectus. We will not receive any of the proceeds from the sale of securities by the selling stockholders. All expenses
of registration incurred in connection with this offering are being borne by us. All selling and other expenses incurred by the selling
stockholders will be borne by the selling stockholders. We will, however, to the extent the Warrants are exercised for cash, receive proceeds
from such exercises&#894; to the extent we receive such proceeds, they are expected to be used for general corporate and working capital
purposes.&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our Common Stock is quoted
on NYSE American LLC (&#8220;NYSE American&#8221;) under the symbol &#8220;TOON.&#8221; On July 24, 2023, the last reported sale price
of our Common Stock was $1.96 per share.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Investing in our securities
involves risks. See &#8220;<span><a href="#s3_006">Risk Factors</a></span>&#8221; beginning on page 7   of this prospectus.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>Neither the Securities
and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy
or accuracy of this prospectus. Any representation to the contrary is a criminal offense.</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>THE DATE OF THIS PROSPECTUS IS , 2023. </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b></b></p>

<!-- Field: Page; Sequence: 2 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&#160;<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="s3_002"></span>TABLE OF CONTENTS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><span style="text-decoration: underline"></span></p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: center">Page</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="width: 90%"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><a href="#s3_003">ABOUT THIS PROSPECTUS</a></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td>
    <td style="text-align: right; width: 10%">1</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><a href="#s3_004">SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS</a></td>
    <td style="text-align: right">2</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td><a href="#s3_005">PROSPECTUS SUMMARY</a></td>
    <td style="text-align: right">4</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt"><span style="font-size: 10pt"><a href="#s3_006">RISK FACTORS</a></span></td>
    <td style="text-align: right">7</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="font-size: 10pt"><span style="font-size: 10pt"><a href="#s3_007">USE OF PROCEEDS</a></span></td>
    <td style="text-align: right">8</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt"><span style="font-size: 10pt"><a href="#s3_008">SELLING STOCKHOLDERS</a></span></td>
    <td style="text-align: right">9</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="font-size: 10pt"><span style="font-size: 10pt"><a href="#s3_009">PLAN OF DISTRIBUTION</a></span></td>
    <td style="text-align: right">11</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt"><span style="font-size: 10pt"><a href="#s3_010">LEGAL MATTERS</a></span></td>
    <td style="text-align: right">13</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><a href="#s3_011">EXPERTS</a></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td>
    <td style="text-align: right">13</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td><a href="#s3_012">INTERESTS OF NAMED EXPERTS AND COUNSEL</a></td>
    <td style="text-align: right">13</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="font-size: 10pt"><span style="font-size: 10pt"><a href="#s3_013">WHERE YOU CAN FIND MORE INFORMATION</a></span></td>
    <td style="text-align: right">13</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="font-size: 10pt"><span style="font-size: 10pt"><a href="#s3_014">INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE</a></span></td>
    <td style="text-align: right">14</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b></b></p>

<!-- Field: Page; Sequence: 3 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: LowerRoman; Value: 1; Name: PageNo -->i<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="s3_003"></span>ABOUT THIS PROSPECTUS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This prospectus relates to
the resale by the selling stockholders of up to 4,784,909 shares of Common Stock issuable upon exercise of the Warrants held by the selling
stockholders named herein, as described below under &#8220;<span><a href="#s3_008">Selling Stockholders</a></span>.&#8221; We are not
selling any shares of Common Stock under this prospectus, and will not receive any proceeds from the sale of shares of Common Stock by
the selling stockholders, except with respect to amount received by us upon the exercise of the Warrants for cash.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">You should rely only on the
information contained or incorporated by reference into this prospectus. We have not, and the selling stockholders have not, authorized
anyone to provide you with additional or different information. These securities are not being offered in any jurisdiction where the offer
is not permitted. You should assume that the information in this prospectus is accurate only as of the date on the front of the document
and that any information we have incorporated by reference is accurate only as of the date of the documents incorporated by reference,
regardless of the time of delivery of this prospectus or of any sale of our Common Stock. Unless the context otherwise requires, references
to &#8220;we,&#8221; &#8220;our,&#8221; &#8220;us,&#8221; or the &#8220;Company&#8221; in this prospectus mean Kartoon Studios, Inc.,
together with its subsidiaries.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 4 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Value: 1; Name: PageNo -->1<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_004"></span>SPECIAL
NOTE REGARDING FORWARD-LOOKING STATEMENTS</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This prospectus contains forward-looking
statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended
(the &#8220;Exchange Act&#8221;), that involve substantial risks and uncertainties. You can identify these statements by the fact that
they do not relate strictly to historic or current facts. They use words, such as &#8220;anticipate,&#8221; &#8220;could,&#8221; &#8220;continue,&#8221;
&#8220;contemplate,&#8221; &#8220;estimate,&#8221; &#8220;expect,&#8221; &#8220;will,&#8221; &#8220;may,&#8221; &#8220;potential,&#8221;
&#8220;intend,&#8221; &#8220;plan,&#8221; &#8220;believe,&#8221; and other words and terms of similar meaning. These include, among other
things, statements regarding:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to generate revenue or achieve profitability;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to obtain additional financing on acceptable terms, if at all;</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">fluctuations in the results of our operations from period to period;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">general economic and financial conditions; <span style="background-color: white">the adverse effects of public health epidemics, including the recent coronavirus outbreak, on our business, results of operations and financial condition;</span></span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to anticipate changes in popular culture, media and movies, fashion and technology;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">competitive pressure from other distributors of content and within the retail market;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our reliance on and relationships with third-party production and animation studios;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to market and advertise our products;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our reliance on third-parties to promote our products;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to keep pace with technological advances;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">performance of our information technology and storage systems;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">a disruption or breach of our internal computer systems;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to retain key personnel;</span></td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
  <tr style="vertical-align: top">
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to successfully identify appropriate acquisition targets, successfully acquire identified targets and successfully integrate the business of acquired companies;</span></td></tr>

<tr style="vertical-align: top">
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">the impact of federal, state or local regulations on us or our vendors and licensees;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our ability to protect and defend against litigation, including intellectual property claims;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">the volatility of our stock price;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">the marketability of our stock;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">our broad discretion to invest or spend the proceeds of our financings in ways with which our stockholders may not agree and may have limited ability to influence; and</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="font-size: 10pt">&#160;</td>
    <td style="font-size: 10pt; text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; font-size: 10pt"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="font-size: 10pt; text-align: justify"><span style="font-size: 10pt">other risks and uncertainties, including those listed in the section on &#8220;<a href="#s3_006">Risk Factors</a>.&#8221;</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

<!-- Field: Page; Sequence: 5 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any or all of our forward-looking
statements in this prospectus may turn out to be wrong. They can be affected by inaccurate assumptions we might make or by known or unknown
risks and uncertainties. Consequently, no forward-looking statement can be guaranteed. Actual results may vary materially from those set
forth in forward-looking statements. The uncertainties that may cause differences include, but are not limited to: our need for additional
funds to finance our operations; our history of losses; anticipated continuing losses and uncertainty of future financing; market acceptance
of our services; the sufficiency of our existing capital resources; competition from other companies; the risk of technological obsolescence;
uncertainties related to our ability to obtain intellectual property protection for our technology; and dependence on officers, directors
and other individuals.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We will not update forward-looking
statements, whether as a result of new information, future events or otherwise, unless required by law. You are advised to consult any
further disclosures we make in our reports to the SEC, including our reports on Forms 10-K, 10-Q and 8-K. Our filings list various important
factors that could cause actual results to differ materially from expected results. We note these factors for investors as permitted by
the Private Securities Litigation Reform Act of 1995. You should understand that it is not possible to predict or identify all such factors.
Consequently, you should not consider any such list to be a complete set of all potential risks or uncertainties.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

<!-- Field: Page; Sequence: 6 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<div style="border: Black 1pt solid; margin: 0.1in; padding: 0.1in">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_005"></span>PROSPECTUS
SUMMARY</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>The following is only a
summary. We urge you to read the entire prospectus, including the more detailed consolidated financial statements, notes to the consolidated
financial statements and other information included herein or incorporated by reference from our other filings with the U.S. Securities
and Exchange Commission (the &#8220;SEC&#8221;). Investing in our securities involves risks. Therefore, please carefully consider the
information provided under the heading &#8220;<span><a href="#s3_006">Risk Factors</a></span>&#8221; starting on page 7.</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><i>&#160;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><span style="text-decoration: underline">Overview</span></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Kartoon Studios, Inc. (&#8220;we,&#8221;
&#8220;us,&#8221; &#8220;our,&#8221; or the &#8220;Company&#8221;) is a global content and brand management company that creates, produces,
licenses, and broadcasts timeless and educational, multimedia animated content for children. Led by experienced industry personnel, we
distribute our content primarily on streaming platforms and television and license properties for a broad range of consumer products based
on our characters. We are a &#8220;work for hire&#8221; producer for many of the streaming outlets and animated content intellectual property
(&#34;IP&#34;) holders. In the children&#8217;s media sector, our portfolio features &#8220;content with a purpose&#8221; for toddlers
to tweens, providing enrichment as well as entertainment. With the exception of selected Wow Unlimited Media Inc. titles, our programs,
along with licensed programs, are being broadcast in the United States on our wholly-owned advertisement supported video on demand (&#8220;AVOD&#8221;)
service, <span style="color: #242424; background-color: white">our free ad supported TV (&#34;FAST&#34;) channels and </span><span style="background-color: white">subscription
video on demand (&#8220;SVOD&#8221;) outlets, </span><i>Kartoon Channel!</i> <span style="background-color: white">and </span><i>Ameba</i><span style="background-color: white">.
</span>These streaming services are available on Apple TV, Apple iOS, Android TV, Android mobile, Amazon Prime, Amazon Fire, Tubi, Roku,
Comcast, Cox, Dish/Sling, Xumo, Pluto, Samsung Smart TVs, LG Smart TVs, as well as YouTube, among other platforms. Our in-house owned
and produced animated shows include <i>Stan Lee&#8217;s Superhero Kindergarten</i> starring Arnold Schwarzenegger, <i>Llama Llama</i>
starring Jennifer Garner, <i>Rainbow Rangers, KC Pop Quiz</i>, and <i>Shaq&#8217;s Garage</i> starring Shaquille O&#8217;Neal. Our library
titles include the award-winning <i>Baby Genius</i>, adventure comedy <i>Thomas Edison&#8217;s Secret Lab&#174;,</i> and <i>Warren Buffett&#8217;s
Secret Millionaires Club</i>, created with and starring iconic investor Warren Buffett, <i>Team Zenko Go!, Reboot</i>, <i>Bee &amp; PuppyCat:
Lazy in Space</i> and <i>Castlevania</i>.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We also license our programs
to other services worldwide, in addition to the operation of our own channels, including but not limited to Netflix, HBO Max, Paramount+,
Nickelodeon, and satellite, cable and terrestrial broadcasters around the world.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Through our investments in
Germany&#8217;s <i>Your Family Entertainment </i>(&#8220;YFE&#8221;), a publicly traded company on the Frankfurt Exchange (RTV-Frankfurt),
we have gained access to one of the largest animation catalogues in Europe with over 50 titles consisting of over 1,600 episodes, and
a global distribution network which currently covers over 60 territories worldwide.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Through the ownership of WOW
Unlimited Media Inc. (&#8220;Wow&#8221;), we established an affiliate relationship with Mainframe Studios, which is one of the largest
animation producers in the world. In addition, Wow owns Frederator Networks Inc. (&#8220;Frederator&#8221;) and its <i>Channel Frederator
Network</i>, the largest animation focused multi-channel network on <i>YouTube</i> with over 2,500 channels. We have rights to a select
amount of valuable IP, included among them a controlling interest in Stan Lee Universe (&#8220;SLU&#8221;), through which we control the
name, likeness, signature, and all consumer product and IP rights to Stan Lee (the &#8220;Stan Lee Assets&#8221;). We also own Beacon
Media Group (&#34;Beacon&#34;), the largest media buying service for children in North America. Beacon represents over 30 major toy
companies, including Playmobile, Bandai Toys, Bazooka, Moose Toys, and JAKKS Pacific.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="font-size: 10pt">In
addition, we own the Canadian company Ameba Inc. (&#8220;Ameba&#8221;), which distributes SVOD service for kids, and has become the focal
point of revenue growth for TOON Media Networks subscription offering.</span><i>&#160;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We and our affiliates provide
world class animation production studios, a catalogue representing thousands of hours of premium global content for children, a broadcast
system for delivering that content and an in-house consumer products licensing infrastructure to fully exploit the content.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

<!-- Field: Page; Sequence: 7 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<div style="border: Black 1pt solid; margin: 0.1in; padding: 0.1in">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"><b>Recent Developments</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Exercise of Existing Warrants and Issuance
of New Warrants</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">On
June 26, 2023, we entered into certain warrant exercise inducement offer letters (the &#8220;Letter Agreements&#8221;) with certain selling
stockholders pursuant to which such holders agreed to exercise for cash certain warrants issued by us in January 2021 (the &#8220;2021
Warrants&#8221;) to purchase <span style="background-color: white">2,311,550 </span>shares of Common Stock (the &#8220;Exercise&#8221;).
To induce the Exercise by holders of the 2021 Warrants, we also amended the exercise price of the 2021 Warrants from $23.70 per share
(as adjusted pursuant to a 1-for-10 reverse stock split of our outstanding shares of Common Stock effected on February 10, 2023) to $2.50
per share pursuant to the terms of the 2021 Warrants. In consideration for the Exercise, <span style="background-color: white">the exercising
holders received warrants to purchase up to 4,623,100 shares of Common Stock, and the Special Equities Group, LLC, a division of Dawson
James Securities, which acted as warrant solicitation agent for the Exercise, received a warrant to purchase up to 161,809 shares of Common
Stock (collectively, the &#8220;Warrants&#8221;). The Warrants will be exercisable at any time at a price per share of $2.50 upon approval
by our stockholders of (a) a proposal to approve a proposed amendment to our articles of incorporation to increase our authorized shares
of Common Stock from 40,000,000 shares to 190,000,000 shares with a corresponding increase in the total number of authorized shares of
capital stock of the Company from 50,000,000 shares to 200,000,000 shares (the &#8220;Share Increase Proposal&#8221;) and (b) a proposal
to approve, in accordance with 713(A) of the NYSE American Company Guide, the issuance of more than 19.99% of our outstanding Common Stock
upon the exercise of the Warrants (the &#8220;</span>Warrant Exercise Proposal<span style="background-color: white">&#8221; and together
with the Share Increase Proposal, the &#8220;Proposals&#8221;). The Warrants have a term of exercise of five years. </span>We also agreed
to file a registration statement covering the resale of the shares of Common Stock issued or issuable upon the exercise of the Warrants
no later than 30 days following the date of the Letter Agreements.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><b><i>Stockholder Approval</i></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">The
exercise of the Warrants in full is subject to approval by our stockholders of the Proposals. At the 2023 Annual Meeting, to be held on
August 25, 2023, we are seeking stockholder approval of the Proposals, as further described below. If we do not obtain stockholder approval
for the Proposals at the 2023 Annual Meeting, we have agreed to call a meeting of stockholders every 90 days thereafter to seek stockholder
approval until stockholder approval is obtained for the Proposals.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><i>Share Increase Proposal</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Our
Articles of Incorporation currently authorize the issuance of 40,000,000 shares of Common Stock, and 10,000,000 shares of preferred stock,
par value $0.001 per share. As a condition to the Exercise as described above, we agreed to submit and recommend to our stockholders <span style="background-color: white">a
proposal to approve an amendment to our articles of incorporation to increase our authorized shares of Common Stock from 40,000,000 shares
to 190,000,000 shares with a corresponding increase in the total number of authorized shares of capital stock of the Company from 50,000,000
shares to 200,000,000 shares, </span>in order to be able to issue the shares of Common Stock issuable upon exercise of the Warrants.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><i>Warrant Exercise Proposal</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><i>&#160;</i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white"><i></i></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Our
Common Stock is listed on the NYSE American under the symbol &#34;TOON,&#34; and we are subject to the NYSE American listing standards.
Section 713(A) of the NYSE American Company Guide requires stockholder approval prior to the sale, issuance or potential issuance of common
stock (or securities convertible into common stock) in a transaction other than a public offering at a price less than the greater of
book or market value of the stock which either alone or together with sales by officers, directors or principal stockholders of the company
equals 19.99% or more of the of presently outstanding stock.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">Prior
to closing of the Exercise, we had 32,755,748 shares of Common Stock outstanding. Following the repricing of the 2021 Warrants, certain
2021 Warrants were exercised for an aggregate of 2,311,550 shares, resulting in 35,067,298 outstanding shares. Therefore, the issuance
of 4,784,909 shares of Common Stock upon exercise of the Warrants would have constituted in excess of 19.99% of the outstanding shares
of Common Stock of the Company (determined as of the date of, and without regard for, the issuance of the Warrants and the shares issued
upon exercise of the repriced 2021 Warrants). As a result, the issuance of shares of our Common Stock upon exercise of the Warrants requires
stockholder approval under NYSE American Company Guide Section 713(A).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white"></p>

<!-- Field: Page; Sequence: 8 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<div style="border: Black 1pt solid; margin: 0.1in; padding: 0.1in">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Company Information</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We were incorporated in California
on January 3, 2006 and reincorporated in Nevada in October 2011. We commenced operations in January 2006, assuming all of the rights and
obligations of our then Chief Executive Officer, under an Asset Purchase Agreement between us and Genius Products, Inc., in which we obtained
all rights, copyrights, and trademarks to the brands &#8220;Baby Genius,&#8221; &#8220;Kid Genius,&#8221; &#8220;123 Favorite Music&#8221;
and &#8220;Wee Worship,&#8221; and all then existing productions under those titles. In October 2011, we (i) changed our domicile to Nevada
from California, and (ii) changed our name to Genius Brands International, Inc. from Pacific Entertainment Corporation (the &#8220;Reincorporation&#8221;).
In connection with the Reincorporation, we changed our trading symbol from &#8220;PENT&#8221; to &#8220;GNUS.&#8221; In June 2023, we
changed our name to Kartoon Studios, Inc. from Genius Brands International, Inc. along with our trading symbol &#8220;GNUS&#8221; to &#8220;TOON.&#8221;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our principal executive offices
are located at 190 N Canon Drive, 4<sup>th</sup> Floor, Beverly Hills, California 90210. Our telephone number is 310-273-4222. We maintain
an Internet website at www.kartoonstudios.com. The information contained on, connected to or that can be accessed via our website is not
part of this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 9 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_006"></span>RISK
FACTORS</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Investing in our securities
involves a high degree of risk. You should carefully review and consider the risk factors in the sections entitled &#8220;<span><a href="#s3_006">Risk Factors</a></span>&#8221; contained in our most recent annual report on Form 10-K, which has been filed with the SEC and is incorporated by
reference in this prospectus, as well as any updates thereto contained in subsequent filings with the SEC, and all other information contained
in this prospectus and incorporated by reference into the prospectus before purchasing our securities. The risks and uncertainties described
therein are not the only ones facing our Company. Additional risks and uncertainties of which we are unaware, or that we currently deem
immaterial, also may become important factors that affect us. If any of these risks occur, our business, financial condition or results
of operations could be materially and adversely affected. In that case, the trading price of our Common Stock could decline, and you may
lose some or all of your investment.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><i>&#160;</i>&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 10 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_007"></span>USE
OF PROCEEDS</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">We are not selling any securities
in this offering and we will not receive any of the proceeds from the sale of shares of our Common Stock by the selling stockholders.
The selling stockholders will receive all of the proceeds from any sales of the shares of our Common Stock offered hereby.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 24.5pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We will receive the exercise
price upon any exercise of the Warrants, to the extent exercised on a cash basis. Per the terms of the Warrants, if, at the time of exercise
of a Warrant, there is no effective registration statement registering, or the prospectus contained therein is not available for the resale
of the shares of Common Stock underlying the Warrant, then the Warrant may also be exercised, in whole or in part, by means of a &#8220;cashless
exercise&#8221;. We currently intend to use such proceeds, if any, for general corporate and working capital purposes. The holders of
the Warrants are not obligated to exercise the Warrants, and we cannot predict whether or when, if ever, the holders of the Warrants will
choose to exercise the Warrants, in whole or in part.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The selling stockholders will
pay any expenses incurred by the selling stockholders for brokerage, accounting, tax or legal services or any other reasonable and documented
out-of-pocket expenses incurred by the selling stockholders in selling the Common Stock covered by this prospectus. We will bear all other
costs, fees and expenses incurred in effecting the registration of the shares of Common Stock covered by this prospectus, including, without
limitation, all registration and filing fees and expenses of our counsel and our accountants.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

<!-- Field: Page; Sequence: 11 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_008"></span>SELLING
STOCKHOLDERS</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are registering the resale
from time to time by the selling stockholders set forth below of up to 4,784,909 shares of our Common Stock issuable to the selling stockholders
upon exercise of the Warrants currently held by the respective selling stockholders. We may also from time to time in the future register
the resale of our Common Stock by additional selling stockholders. Information about any additional selling stockholders, where applicable,
will be set forth in a prospectus supplement, in a post-effective amendment or in filings we make with the SEC under the Exchange Act
that are incorporated by reference.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table sets forth
information with respect to the current beneficial ownership of the selling stockholders and the number of shares of Common Stock being
offered by each selling stockholder hereby upon exercise of the Warrants. We do not know if, when or in what amounts the selling stockholders
may offer their shares for sale. The selling stockholders may sell some, all or none of the shares held by them. The selling stockholders
reserve the right to accept or reject, in whole or in part, any proposed sale of any shares of our Common Stock currently held by the
selling stockholders. Because the number of shares the selling stockholders may offer and sell is not presently known, we cannot estimate
the number of shares that will continue to be held by the selling stockholders. This table, however, presents the maximum number of shares
of Common Stock that each selling stockholder may offer pursuant to this prospectus and the number of shares of Common Stock, if any,
that each selling stockholder would beneficially own after the sale of such maximum number of shares, assuming no acquisitions of additional
shares of Common Stock take place. The number of shares listed do not take into account any limitations on exercise of the Warrants and
assumes that the Company will obtain the necessary stockholder approval for the Proposals.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The number of shares and percentages
of beneficial ownership set forth below are based on 35,071,755 shares of our Common Stock issued and outstanding as of June 20, 2023.
Beneficial ownership is determined under the SEC rules and regulations and generally includes voting or investment power over securities.
Except as indicated in the footnotes to this table, we believe that each stockholder identified in the table possesses sole voting and
investment power over all shares of equity securities shown as beneficially owned by the stockholder.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The information in the table
below with respect to each selling stockholder has been obtained from such selling stockholder. When we refer to the &#34;selling stockholders&#34;
in this prospectus, we mean the selling stockholders listed in the table below, as well as their respective pledgees, donees, assignees,
transferees and successors and others who may hold any of such selling stockholder's interest, as well as any other selling stockholders
we may name from time to time as set forth above. The selling stockholders may be deemed to be underwriters within the meaning of the
Securities Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="padding-bottom: 1pt; text-align: center; padding-left: 10pt"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><b>Shares Beneficially Owned Prior to the Offering
                                            (1)</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>Number of Shares Being Registered </b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td colspan="5" style="border-bottom: Black 1pt solid; text-align: center"><b>Shares Beneficially Owned after Sale of All
                                            Shares Registered Hereby</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td></tr>
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; text-align: center; padding-left: 10pt"><b>Name of Selling Stockholder</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="border-bottom: Black 1pt solid; text-align: center"><b>Number</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="border-bottom: Black 1pt solid; text-align: center"><b>Percent</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="border-bottom: Black 1pt solid; text-align: center"><b>Hereby
                                            (2)</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="border-bottom: Black 1pt solid; text-align: center"><b>Number</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td>
    <td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td><td style="border-bottom: Black 1pt solid; text-align: center"><b>Percent</b></td><td style="padding-bottom: 1pt; text-align: center"><b>&#160;</b></td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="width: 35%; text-align: left; text-indent: -10pt; padding-left: 10pt">Anson Investments Master Fund LP (3)</td><td style="width: 2%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">700,024</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">1.7%</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">1,400,048</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">700,024</td><td style="width: 1%; text-align: left">&#160;</td><td style="width: 2%">&#160;</td>
    <td style="width: 1%; text-align: left">&#160;</td><td style="width: 9%; text-align: right">1.7%</td><td style="width: 1%; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Anson East Master Fund LP (3)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">179,976</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">359,952</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">179,976</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Hudson Bay Master Fund Ltd. (4)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">65,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">130,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">65,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">L1 Capital Global Opportunities Master Fund (5)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">30,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">60,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">30,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Brio Capital Master Fund, Ltd. (6)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">157,530</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">130,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">157,530</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Richard Molinsky (7)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">51,500</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">30,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">51,500</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Gregory Castaldo (8)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">250,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">500,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">250,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Hana Resources (Bahamas) LTD (9)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">87,500</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">175,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">87,500</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Starword Limited (10)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">125,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">250,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">125,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Intracoastal Capital, LLC (11)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">150,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">300,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">150,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Kerry Propper (12)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">10,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">20,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">10,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Joseph Reda (13)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">500,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.2%</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1,000,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">500,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">1.2%</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Jonathan Schechter (13)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">77,778</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">155,556</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">77,778</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Andrew Arno (13)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">40,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">80,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">40,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Linda Mackay (13)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">15,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">20,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">15,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Timothy Tyler Berry (13)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3,272</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">6,544</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3,272</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Michael Scrobe (14)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">6,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">3,000</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">*</span></td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; text-indent: -10pt; padding-left: 10pt">Dawson James Securities (15)</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8211;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8211;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">161,809</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8211;</td><td style="text-align: left">&#160;</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">&#8211;</td><td style="text-align: left">&#160;</td></tr>
  </table>


























<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">_________________</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">*Represents less than 1% of the outstanding
common stock.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white"></p>

<!-- Field: Page; Sequence: 12 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(1) All entries exclude beneficial ownership of
the shares of Common Stock, issuable upon exercise of the Warrants, because the Warrants are not exercisable prior to receipt of stockholder
approval of the Proposals.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(2) Assumes the exercise in full of the Warrants
held by the selling stockholders, without regard to any limitations on exercise.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(3) Anson Advisors Inc. and Anson Funds Management LP, the Co-Investment
Advisers of Anson Investments Master Fund LP (&#8220;Anson Investments&#8221;) and Anson East Master Fund LP (&#8220;Anson East&#8221;,
and collectively with Anson Investments, &#8220;Anson&#8221;), hold voting and dispositive power over the securities held by Anson. Bruce
Winson is the managing member of Anson Management GP LLC, which is the general partner of Anson Funds Management LP. Moez Kassam and Amin
Nathoo are directors of Anson Advisors Inc. Mr. Winson, Mr. Kassam and Mr. Nathoo each disclaim beneficial ownership of these shares of
common stock except to the extent of their pecuniary interest therein. The selling stockholder&#8217;s address is Walkers Corporate Limited,
Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(4) Hudson Bay Capital Management LP, the investment manager of Hudson
Bay Master Fund Ltd., has voting and investment power over these securities. Sander Gerber is the managing member of Hudson Bay Capital
GP LLC, which is the general partner of Hudson Bay Capital Management LP. Each of Hudson Bay Master Fund Ltd. and Sander Gerber disclaims
beneficial ownership over these securities. The address of the principal business office of Hudson Bay Capital Management LP is 777 Third
Ave, 30th Floor, New York, NY 10017.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(5) David Feldman is the natural person with voting
and dispositive power over the shares held by L1 Capital Global Opportunities Master Fund. The selling stockholder&#8217;s address is
Level 23, 135 East 57th St, New York, NY 10022.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(6) Shaye Hirsch is the natural person with voting
and dispositive power over the shares held by Brio Capital Master Fund Ltd. The selling stockholder&#8217;s address is 100 Merrick Road
Suite 401W, Rockville Centre, NY 11570.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(7) The selling stockholder&#8217;s address is
329 Chestnut Hill Road, Norwalk, CT 06851.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(8) The selling stockholder&#8217;s address is 3776 Steven James Drive,
Garnet Valley, PA 19060.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(9) The address of this beneficial owner is Winterbotham Place Marlborough
And Queens Streets, Nassau, Bahamas. Hana Resources (BAHAMAS), LTD has sole voting and dispositive power over the shares.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(10) Simon Chehebar is the natural person with voting and dispositive
power over the shares held by Starword Limited. The selling stockholder&#8217;s address is c/o Simon Chehebar, 20155 NE 38 Court Apt.
2004, Aventura, FL 33180.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(11) Mitchell P. Kopin (&#8220;Mr. Kopin&#8221;) and Keith Goodman
(Mr. Goodman), each of whom are managers of Intracoastal Capital LLC (&#8220;Intracoastal&#8221;), have shared voting control and investment
discretion over the securities reported herein that are held by Intracoastal. As a result, each of Mr. Kopin and Mr. Goodman may be deemed
to have beneficial ownership (as determined under Section 13(d) of the Exchange Act) of the securities reported herein that are held by
Intracoastal. The address of Intracoastal Capital, LLC is 245 Palm Trail, Delray Beach, FL 33483.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(12) The selling stockholder&#8217;s address is 17 State Street Suite
2130, New York, NY 10044.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(13) The selling stockholders are employees of Special Equities Group,
LLC, a division of Dawson James Securities, which is a registered broker-dealer that acted as our placement agent in each of our financings
during the previous six months.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(14) The selling stockholder&#8217;s address is 46 Bartlett Drive,
Manhasset, NY 11030.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(15) Dawson James Securities is a broker-dealer that acted as our placement
agent for the Exchange. Its address is 1 North Federal Highway, Suite 500, Boca Raton, FL 33432.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Page; Sequence: 13 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_009"></span>PLAN
OF DISTRIBUTION</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are registering the shares
of Common Stock issuable upon exercise of our outstanding Warrants to permit the resale of these shares of Common Stock by the selling
stockholders after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling stockholders of the
shares of Common Stock, except with respect to amounts received by us upon the exercise of the Warrant for cash.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Each selling stockholder may,
from time to time, sell any or all of their securities covered hereby on NYSE American or any other stock exchange, market or trading
facility on which shares of Common Stock are traded or in private transactions. These sales may be at fixed or negotiated prices. A selling
stockholder may use any one or more of the following methods when selling securities:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">block trades in which the broker-dealer will attempt to sell the securities as agent but may position and resell a portion of the block as principal to facilitate the transaction;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">purchases by a broker-dealer as principal and resale by the broker-dealer for its account;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">an exchange distribution in accordance with the rules of the applicable exchange;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">privately negotiated transactions;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">settlement of short sales;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">in transactions through broker-dealers that agree with the selling stockholders to sell a specified number of such securities at a stipulated price per security;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">through the writing or settlement of options or other hedging transactions, whether through an options exchange or otherwise;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">a combination of any such methods of sale; or</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">any other method permitted pursuant to applicable law.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The selling stockholders may
also sell shares of Common Stock under Rule 144 or any other exemption from registration under the Securities Act, if available, rather
than under this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Broker-dealers engaged by
the selling stockholders may arrange for other brokers-dealers to participate in sales. Broker-dealers may receive commissions or discounts
from the selling stockholders (or, if any broker-dealer acts as agent for the purchaser of securities, from the purchaser) in amounts
to be negotiated, but, except as set forth in a supplement to this Prospectus, in the case of an agency transaction not in excess of a
customary brokerage commission in compliance with FINRA Rule 2440; and in the case of a principal transaction a markup or markdown in
compliance with FINRA IM-2440.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

<!-- Field: Page; Sequence: 14 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In connection with the sale
of the securities or interests therein, the selling stockholders may enter into hedging transactions with broker-dealers or other financial
institutions, which may in turn engage in short sales of the securities in the course of hedging the positions they assume. The selling
stockholders may also sell securities short and deliver these securities to close out their short positions, or loan or pledge the securities
to broker-dealers that in turn may sell these securities. The selling stockholders may also enter into option or other transactions with
broker-dealers or other financial institutions or create one or more derivative securities which require the delivery to such broker-dealer
or other financial institution of securities offered by this prospectus, which securities such broker-dealer or other financial institution
may resell pursuant to this prospectus (as supplemented or amended to reflect such transaction).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The selling stockholders and
any broker-dealers or agents that are involved in selling the securities may be deemed to be &#8220;underwriters&#8221; within the meaning
of the Securities Act in connection with such sales. In such event, any commissions received by such broker-dealers or agents and any
profit on the resale of the securities purchased by them may be deemed to be underwriting commissions or discounts under the Securities
Act. Each selling stockholder has informed the Company that it does not have any written or oral agreement or understanding, directly
or indirectly, with any person to distribute the securities.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company is required to
pay certain fees and expenses incurred by the Company incident to the registration of the securities. The Company has agreed to indemnify
the selling stockholders against certain losses, claims, damages and liabilities, including liabilities under the Securities Act.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We agreed to keep this prospectus
effective at all times until each Selling Stockholder no longer owns a Warrant or the Common Stock issuable upon exercise thereof. The
resale securities will be sold only through registered or licensed brokers or dealers if required under applicable state securities laws.
In addition, in certain states, the resale securities covered hereby may not be sold unless they have been registered or qualified for
sale in the applicable state or an exemption from the registration or qualification requirement is available and is complied with.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Under applicable rules and
regulations under the Exchange Act, any person engaged in the distribution of the resale securities may not simultaneously engage in market
making activities with respect to the Common Stock for the applicable restricted period, as defined in Regulation M, prior to the commencement
of the distribution. In addition, the selling stockholders will be subject to applicable provisions of the Exchange Act and the rules
and regulations thereunder, including Regulation M, which may limit the timing of purchases and sales of the Common Stock by the selling
stockholders or any other person. We will make copies of this prospectus available to the selling stockholders and have informed them
of the need to deliver a copy of this prospectus to each purchaser at or prior to the time of the sale (including by compliance with Rule
172 under the Securities Act).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b></b></span></p>

<!-- Field: Page; Sequence: 15 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_010"></span>LEGAL
MATTERS</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The validity of the securities
we are offering will be passed upon for us by Flangas Law Group. Certain legal matters will be reviewed by Reed Smith LLP.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_011"></span>EXPERTS</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Baker Tilly US, LLP, independent
registered public accounting firm, has audited our financial statements included in our Annual Report on Form 10-K for the year ended
December 31, 2022 (which report expresses an unqualified opinion), which is incorporated by reference in this prospectus and elsewhere
in this Registration Statement. Our financial statements are incorporated by reference in reliance on Baker Tilly US, LLP&#8217;s report,
given on their authority as experts in accounting and auditing.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><b><span id="s3_012"></span>INTERESTS OF NAMED EXPERTS
AND COUNSEL</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reed Smith LLP, outside counsel
to the Company, beneficially owns 400,000 shares of Common Stock pursuant to an executed retainer letter agreement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_013"></span>WHERE
YOU CAN FIND MORE INFORMATION</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We are a public company and
file annual, quarterly and current reports, proxy statements and other information with the SEC. Our SEC filings are available to the
public at the SEC&#8217;s web site at http://www.sec.gov, and on our web site at http://www.kartoonstudios.com. Our SEC filings may also
be inspected and copied at the SEC&#8217;s public reference room at 100 F Street, N.E., Washington, D.C. 20549-1004. The public may obtain
information about the operation of the public reference room by calling the SEC at 1-800-SEC-0330. The information contained on our web
site is not included or incorporated by reference into this prospectus. In addition, our Common Stock is listed for trading on NYSE American
under the symbol &#8220;TOON.&#8221;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This prospectus is only part
of a Registration Statement on Form S-3 that we have filed with the SEC under the Securities Act, and therefore omits certain information
contained in the Registration Statement. We have also filed exhibits and schedules with the Registration Statement that are excluded from
this prospectus, and you should refer to the applicable exhibit or schedule for a complete description of any statement referring to any
contract or other document. You may:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">obtain a copy from the SEC upon payment of the fees prescribed by the SEC, or</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">obtain a copy from the SEC&#8217;s web site or our web site.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></p>

<!-- Field: Page; Sequence: 16 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b><span id="s3_014"></span>INCORPORATION
OF CERTAIN DOCUMENTS BY REFERENCE</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="text-transform: uppercase"><b>&#160;</b></span></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The SEC allows us to &#8220;incorporate
by reference&#8221; information that we file with them. Incorporation by reference allows us to disclose important information to you
by referring you to those other documents. The information incorporated by reference is an important part of this prospectus, and information
that we file later with the SEC will automatically update and supersede this information. This prospectus omits certain information contained
in the registration statement, as permitted by the SEC. You should refer to the registration statement and any prospectus supplement filed
hereafter, including the exhibits, for further information about us and the securities we may offer pursuant to this prospectus. Statements
in this prospectus regarding the provisions of certain documents filed with, or incorporated by reference in, the registration statement
are not necessarily complete and each statement is qualified in all respects by that reference. Copies of all or any part of the registration
statement, including the documents incorporated by reference or the exhibits, may be obtained upon payment of the prescribed rates at
the offices of the SEC listed above in &#8220;Where You Can Find More Information.&#8221; The documents we are incorporating by reference
are:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">Our <a href="https://www.sec.gov/Archives/edgar/data/1355848/000135584823000011/gnus-20221231.htm">Annual Report on Form 10-K</a> for the fiscal year ended December 31, 2022 filed on April 13, 2023;</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">Our <a href="https://www.sec.gov/Archives/edgar/data/1355848/000135584823000015/gnus-20230331.htm">Quarterly Reports on Form 10-Q</a> for the quarter ended <span>March 31, 2023 filed on May 22, 2023</span>;</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">Our Current Reports on Form 8-K (other than information furnished rather than filed) filed on, <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823000732/genius_8k.htm" style="-sec-extract: exhibit">February 10, 2023</a>, <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823001206/genius_8k.htm" style="-sec-extract: exhibit">March 1, 2023</a>, <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823002105/genius_8k.htm" style="-sec-extract: exhibit">April 3, 2023</a>, <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823002377/genius_8k.htm" style="-sec-extract: exhibit">April 14, 2023</a>, <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823003713/genius_8k.htm" style="-sec-extract: exhibit">May 26, 2023</a>, <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004092/genius_8k.htm" style="-sec-extract: exhibit">June 13, 2023</a>, <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/kartoonstudios_8k.htm" style="-sec-extract: exhibit">June 27, 2023</a> and <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004635/kartoonstudios_8k.htm" style="-sec-extract: exhibit">July 3, 2023</a>; </span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">Our <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004934/kartoon_def14a.htm" style="-sec-extract: exhibit">Definitive Proxy Statement on Schedule 14A</a> for our Annual Meeting of Stockholders filed on July 14, 2023; and</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">The description of our common stock contained in <a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316820001032/genius_ex0413.htm" style="-sec-extract: exhibit">Exhibit 4.13 in our Form 10-K</a></span> for the fiscal year ended December 31, 2019 filed on March 30, 2020.</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Any statement contained in
this prospectus or in a document incorporated or deemed to be incorporated by reference into this prospectus will be deemed to be modified
or superseded for purposes of this prospectus to the extent that a statement contained in this prospectus or any other subsequently filed
document that is deemed to be incorporated by reference into this prospectus modifies or supersedes the statement. Any statement so modified
or superseded will not be deemed, except as so modified or superseded, to constitute a part of this prospectus.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We also incorporate by reference
into this prospectus any future filings made by us with the SEC under Section 13(a), 13(c), 14 or 15(d) of the Exchange Act, except for
information &#8220;furnished&#8221; under Items 2.02 or 7.01 on Form 8-K or other information &#8220;furnished&#8221; to the SEC which
is not deemed filed and not incorporated in this prospectus, until the termination of the offering of securities described in the applicable
prospectus supplement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">You may request, orally or
in writing, a copy of any or all of the documents incorporated herein by reference. These documents will be provided to you at no cost,
by calling us at (310) 273-4222 or by writing to us at the following address:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Kartoon Studios, Inc.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">190 N. Canon Drive, 4<sup>th</sup> Floor</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Beverly Hills, CA 90210</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Attn: Robert Denton</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">You should rely only on information
contained in, or incorporated by reference into, this prospectus and any prospectus supplement. We have not authorized anyone to provide
you with information different from that contained in this prospectus or incorporated by reference in this prospectus. We are not making
offers to sell the securities in any jurisdiction in which such an offer or solicitation is not authorized or in which the person making
such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Page; Sequence: 17 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-size: 24pt"><b>Kartoon Studios,
Inc.</b></span></p>

<div style="border-bottom: black 0.5pt solid; padding: 0in">

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>4,784,909 Shares of Common Stock</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

</div>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>PROSPECTUS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 0.5pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.75in"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.75in"><b>, 2023</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.75in"><b>&#160;</b></p>

<!-- Field: Rule-Page --><div style="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><div style="border-top: black 1pt solid; font-size: 1pt">&#160;</div></div><!-- Field: /Rule-Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<!-- Field: Page; Sequence: 18 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo; Options: Hidden -->&#160;<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>PART II</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>INFORMATION NOT REQUIRED IN PROSPECTUS</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt"><b>Item 14. Other Expenses of Issuance and Distribution</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The following table sets forth
the Company&#8217;s estimates (other than the SEC registration fee) of the expenses in connection with the issuance and distribution of
the securities being registered.&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: Black 1pt solid; font-weight: bold">Item</td><td style="font-weight: bold; padding-bottom: 1pt">&#160;</td>
    <td colspan="2" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td><td style="padding-bottom: 1pt; font-weight: bold">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="width: 83%; text-align: left">SEC registration fee</td><td style="width: 2%">&#160;</td>
    <td style="width: 1%; text-align: left">$</td><td style="width: 13%; text-align: right">1,102.05</td><td style="width: 1%; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left">Legal fees and expenses</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">60,000</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left">Accounting fees and expenses</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">15,000</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left">Printing fees</td><td>&#160;</td>
    <td style="text-align: left">&#160;</td><td style="text-align: right">600</td><td style="text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: rgb(238,238,238)">
    <td style="text-align: left; padding-bottom: 1pt">Miscellaneous fees and expenses</td><td style="padding-bottom: 1pt">&#160;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left">&#160;</td><td style="border-bottom: Black 1pt solid; text-align: right">1,000</td><td style="padding-bottom: 1pt; text-align: left">&#160;</td></tr>
  <tr style="vertical-align: bottom; background-color: White">
    <td style="padding-bottom: 2.5pt">Total</td><td style="padding-bottom: 2.5pt">&#160;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">77,702.05</td><td style="padding-bottom: 2.5pt; text-align: left">&#160;</td></tr>
  </table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt"><b>Item 15. Indemnification of Directors and Officers</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At the 2023 Annual Meeting,
<span style="background-color: white">we are also seeking stockholder approval</span> to change the Company&#8217;s state of incorporation
from the State of Nevada to the State of Delaware as approved by our board of directors (the &#8220;Reincorporation&#8221;). If our stockholders
approve the Reincorporation, we will accomplish the Reincorporation by converting the corporation as provided in the Delaware General
Corporation Law (the &#8220;DGCL&#8221;) and the Nevada Revised Statutes (the &#8220;NRS&#8221;).</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Nevada</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the Reincorporation proposal
fails to obtain the requisite vote for approval at the 2023 Annual Meeting, the Reincorporation will not be consummated and the Company
will continue to be incorporated in Nevada and be subject to our existing Articles of Incorporation and Bylaws.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The NRS provide that:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys&#8217; fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he or she acted in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his or her conduct was unlawful;</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 19; Options: NewSection; Value: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">a corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he or she is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys&#8217; fees actually and reasonably incurred by him or her in connection with the defense or settlement of the action or suit if he or she acted in good faith and in a manner which he or she reasonably believed to be in or not opposed to the best interests of the corporation. Indemnification may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction determines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper; and</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">to the extent that a director, officer, employee or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding, or in defense of any claim, issue or matter therein, the corporation must indemnify him or her against expenses, including attorneys&#8217; fees, actually and reasonably incurred by him or her in connection with the defense.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The NRS provide that we may
make any discretionary indemnification only as authorized in the specific case upon a determination that indemnification of the director,
officer, employee or agent is proper in the circumstances. The determination must be made:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">by our stockholders;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">by our Board of Directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">if a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders, by independent legal counsel in a written opinion;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">if a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion; or</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px"><span style="font-family: Symbol; font-size: 10pt">&#183;</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">by court order.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our existing Bylaws provide
that our Company shall indemnify each director or officer of our Company, against all the expenses (including attorneys&#8217; fees, court
costs and expert witness fees), judgments, decrees and fines actually paid in settlement in connection with any action, suit or proceeding
finding damages for breach of fiduciary duty as a director or officer, except for damages for breach of fiduciary duty resulting from
(i) acts or omissions which involve intentional misconduct, fraud, or a knowing violation of law, or (ii) the payment of dividends in
violation of Section 78.3900 of the NRS as it may from time to time be amended or any successor provision thereto.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Delaware</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the Reincorporation proposal
is approved, the Reincorporation will become effective upon the filing of, and at the date and time specified in (as applicable), the
articles of conversion filed with the Secretary of State of Nevada and the certificate of conversion and the Delaware certificate of incorporation
filed with the Secretary of State of Delaware, in each case, upon acceptance thereof by the Nevada Secretary of State and the Delaware
Secretary of State. If the Reincorporation proposal is approved, it is anticipated that the board of directors will cause the Reincorporation
to be effected as soon as reasonably practicable. However, the Reincorporation may be delayed by the board of directors or the plan of
conversion may be terminated and abandoned by action of the board of directors at any time prior to the effective time of the Reincorporation,
whether before or after the approval by the Company&#8217;s stockholders, if the board of directors determines for any reason that the
consummation of the Reincorporation should be delayed or would be inadvisable or not in the best interests of the Company and its stockholders,
as the case may be.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></p>

<!-- Field: Page; Sequence: 20; Value: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subsection (a) of Section
145 of DGCL empowers a corporation to indemnify any person who was or is a party or who is threatened to be made a party to any threatened,
pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or
in the right of the corporation) by reason of the fact that the person is or was a director, officer, employee or agent of the corporation,
or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against expenses (including attorneys' fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by the person in connection with such action, suit or proceeding if the person acted in good faith and
in a manner the person reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any
criminal action or proceeding, had no reasonable cause to believe the person's conduct was unlawful.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subsection (b) of Section
145 empowers a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending
or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that the person
acted in any of the capacities set forth above, against expenses (including attorneys' fees) actually and reasonably incurred by the person
in connection with the defense or settlement of such action or suit if the person acted in good faith and in a manner the person reasonably
believed to be in or not opposed to the best interests of the corporation, except that no indemnification shall be made in respect of
any claim, issue or matter as to which such person shall have been adjudged to be liable to the corporation unless and only to the extent
that the Court of Chancery or the court in which such action or suit was brought shall determine upon application that, despite the adjudication
of liability but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for such expenses
which the Court of Chancery or such other court shall deem proper.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 145 further provides
that to the extent a director or officer of a corporation has been successful on the merits or otherwise in the defense of any action,
suit or proceeding referred to in subsections (a) and (b) of Section 145, or in defense of any claim, issue or matter therein, such person
shall be indemnified against expenses (including attorneys' fees) actually and reasonably incurred by such person in connection therewith;
that indemnification provided for by Section 145 shall not be deemed exclusive of any other rights to which the indemnified party may
be entitled; and the indemnification provided for by Section 145 shall, unless otherwise provided when authorized or ratified, continue
as to a person who has ceased to be a director, officer, employee or agent and shall inure to the benefit of such person's heirs, executors
and administrators. Section 145 also empowers the corporation to purchase and maintain insurance on behalf of any person who is or was
a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against
such person and incurred by such person in any such capacity, or arising out of his status as such, whether or not the corporation would
have the power to indemnify such person against such liabilities under Section 145.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 102(b)(7) of the DGCL
provides that a corporation's certificate of incorporation may contain a provision eliminating or limiting the personal liability of a
director to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a director, provided that such provision
shall not eliminate or limit the liability of a director (i) for any breach of the director's duty of loyalty to the corporation or its
stockholders; (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; (iii)
under Section 174 of the DGCL; or (iv) for any transaction from which the director derived an improper personal benefit.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Our certificate of incorporation
and bylaws upon Reincorporation will provide that the Company shall indemnify its past, present and future directors and officers to the
fullest extent permitted by the DGCL.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b></b></p>

<!-- Field: Page; Sequence: 21; Value: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt"><b>Item 16. Exhibits</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) Exhibits.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: top; width: 10%"><span style="font-size: 10pt"><b>Exhibit<br />
No.</b></span></td>
    <td style="border-bottom: black 1pt solid; white-space: nowrap; vertical-align: bottom; width: 90%; text-align: center"><span style="font-size: 10pt"><b>Description</b></span></td></tr>

<tr style="vertical-align: top">
    <td><span style="font-size: 10pt">3.1</span></td>
    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316821001169/genius_ex0301.htm" style="-sec-extract: exhibit">Articles
        of Incorporation of Genius Brands International, Inc., as amended</a> (incorporated by reference to the
        Company&#8217;s Annual Report on Form 10-K, filed with the SEC on March 31, 2021)</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td>3.2</td>
    <td><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823000732/genius_ex0301.htm" style="-sec-extract: exhibit">Certificate of Change to the Articles of Incorporation of Genius Brands
International, Inc., filed with the Secretary of State of the State of Nevada on February 9, 2023</a> (Incorporated by reference to the Company&#8217;s
Current Report on Form 8-K, filed with the SEC on February 10, 2023)</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">3.3</span></td>
    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/kartoonstudios_ex0301.htm" style="-sec-extract: exhibit">Articles of Merger of Kartoon Studios, Inc. into the Company</a> (incorporated
    by reference to the Company&#8217;s Current Report on Form 8-K filed with the SEC on June 27, 2023)</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td>3.4</td>
    <td><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316819003775/genius_ex0301.htm" style="-sec-extract: exhibit">Amended and Restated Certificate of Designations, Preferences and Rights
of the 0% Series A Convertible Preferred Stock, filed with the Secretary of State of Nevada on November 21, 2019</a> (Incorporated by reference
to the Company&#8217;s Current Report on Form 8-K, filed with the SEC on November 21, 2019)</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td>3.5</td>
    <td><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316822002514/genius_ex0301.htm" style="-sec-extract: exhibit">Certificate of Designation of Series B Preferred Stock</a> (Incorporated
by reference to the Company&#8217;s Current Report on Form 8-K, filed with the SEC on April 12, 2022)</td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">3.6*</span></td>
    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><a href="kartoon_ex0306.htm">Amended and Restated Bylaws of
        Kartoon Studios, Inc.</a></p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">3.7</span></td>
    <td><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004934/kartoon_def14a.htm" style="-sec-extract: exhibit">Form of Certificate of Incorporation of Kartoon Studios, Inc.</a>
    (incorporated by reference to the Company&#8217;s Definitive Proxy Statement of Schedule 14A, filed with the SEC on July 14, 2023)</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">3.8</span></td>
    <td><span style="font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004934/kartoon_def14a.htm" style="-sec-extract: exhibit">Form of Bylaws of Kartoon Studios, Inc. </a>(incorporated by reference to the Company&#8217;s Definitive
    Proxy Statement of Schedule 14A, filed with the SEC on July 14, 2023)</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">4.1</span></td>
    <td><span style="font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/kartoonstudios_ex0401.htm" style="-sec-extract: exhibit">Form of New Warrant</a> (incorporated by reference to the Company&#8217;s Current Report on Form 8-K
    filed with the SEC on June 27, 2023)</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
<tr style="vertical-align: top">
    <td><span style="font-size: 10pt">5.1*</span></td>
    <td><span style="font-size: 10pt"><a href="kartoon_ex0501.htm">Opinion of Flangas Law Group regarding legality of securities being registered</a></span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">10.1</span></td>
    <td><span style="font-size: 10pt"><a href="http://www.sec.gov/Archives/edgar/data/1355848/000168316823004433/kartoonstudios_ex1001.htm" style="-sec-extract: exhibit">Form of Letter Agreement</a> (incorporated by reference to the Company&#8217;s Current Report on Form
    8-K filed with the SEC on June 27, 2023)</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
<tr style="vertical-align: top">
    <td><span style="font-size: 10pt">23.1*</span></td>
    <td><span style="font-size: 10pt"><a href="kartoon_ex2301.htm">Consent of Baker Tilly US, LLP, independent registered public accounting firm</a></span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
<tr style="vertical-align: top">
    <td><span style="font-size: 10pt">23.2*</span></td>
    <td><span style="font-size: 10pt">Consent of Flangas Law Group (included in <a href="kartoon_ex0501.htm">Exhibit 5.1</a>)</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">24.1*</span></td>
    <td><span style="font-size: 10pt"><a href="#s3_001">Power of Attorney</a> (included on the signature page hereto)</span></td></tr>
  <tr style="vertical-align: top">
    <td>&#160;</td>
    <td>&#160;</td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">107*</span></td>
    <td><span style="font-size: 10pt"><a href="kartoon_ex107.htm">Filing Fee Table</a></span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* Filed herewith.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Page; Sequence: 22; Value: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt"><b>Item 17. Undertakings </b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.3pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a) The undersigned registrant hereby undertakes:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 42px">&#160;</td>
    <td style="width: 54px"><span style="font-size: 10pt">(1)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(i)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(ii)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective registration statement; and</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(iii)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">provided, however, that paragraphs (a)(1)(i),
(a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S&#8211;3 (&#167;239.13 of this chapter)
or Form F&#8211;3 (&#167;239.33 of this chapter) and the information required to be included in a post-effective amendment by those paragraphs
is contained in reports filed with or furnished to the Commission by the registrant pursuant to section 13 or section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant
to Rule 424(b) (&#167;230.424(b) of this chapter) that is part of the registration statement.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(2)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">that, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(3)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(4)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">that, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(i)</span></td>
    <td style="text-align: left"><span style="font-size: 10pt">each prospectus filed by the registrant pursuant to Rule 424(b)(3) (&#167;230.424(b)(3) of this chapter) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and</span></td></tr>
  <tr style="vertical-align: top">
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify"><span style="font-size: 10pt">(ii)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) (&#167;230.424(b)(2), (b)(5), or (b)(7) of this chapter) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) (&#167;230.415(a)(1)(i), (vii), or (x) of this chapter) for the purpose of providing the information required by section 10(a) of the Securities Act of 1933 shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 23; Value: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(5)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities:</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48.95pt; text-align: justify">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 96px; text-align: justify">The undersigned registrant undertakes
that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting
method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following
communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to
such purchaser:</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 48.95pt; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(i)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424 (&#167;230.424 of this chapter);</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(ii)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(iii)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">the portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and</span></td></tr>

<tr style="vertical-align: top">
    <td>&#160;</td>
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="width: 96px">&#160;</td>
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(iv)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <tr style="vertical-align: top">
    <td style="width: 48px; text-align: justify"><span style="font-size: 10pt">(b)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant&#8217;s annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial <i>bona fide</i> offering thereof.</span></td></tr>

<tr style="vertical-align: top">
    <td style="text-align: justify">&#160;</td>
    <td style="text-align: justify">&#160;</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: justify"><span style="font-size: 10pt">(c)</span></td>
    <td style="text-align: justify"><span style="font-size: 10pt">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</span></td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<!-- Field: Page; Sequence: 24; Value: 1 -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <div style="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><p style="margin: 0pt">&#160;</p></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>SIGNATURES</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Pursuant to the requirements
of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in City of Beverly Hills, State of California, on July 25, 2023.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></p>

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="vertical-align: top; text-align: left">
  <td style="width: 60%">&#160;</td>
  <td style="width: 40%"><b>KARTOON STUDIOS, INC</b>.</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td>&#160;</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td>By: <span style="text-decoration: underline">/s/ Andy Heyward </span></td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td>Name: Andy Heyward</td></tr>
<tr style="vertical-align: top; text-align: left">
  <td>&#160;</td>
  <td>Chairman and Chief Executive Officer (Authorized Officer
and Principal Executive Officer)</td></tr>
</table>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b><span id="s3_001"></span>POWER OF ATTORNEY</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>&#160;</b></p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">We, the undersigned officers
and directors of Kartoon Studios, Inc., hereby severally constitute and appoint Andy Heyward and Robert Denton, and each of them singly,
our true and lawful attorneys, with full power to them, and to each of them singly, to sign for us and in our names in the capacities
indicated below, the registration statement on Form S-3 filed herewith, and any and all pre-effective and post-effective amendments to
said registration statement, and any registration statement filed pursuant to Rule 462(b) under the Securities Act of 1933, as amended,
in connection with the registration under the Securities Act of 1933, as amended, of equity securities of the Company, and to file or
cause to be filed the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys, and each of them, full power and authority to do and perform each and every act and thing requisite and
necessary to be done in connection therewith, as fully to all intents and purposes as each of us might or could do in person, and hereby
ratifying and confirming all that said attorneys, and each of them, or their substitute or substitutes, shall do or cause to be done by
virtue of this Power of Attorney.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">Pursuant to the requirements
of the Securities Act of 1933, this Registration Statement on Form S-3 has been signed below by the following persons in the capacities
and on the dates indicated.</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 27.5pt">&#160;</p>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <tr style="vertical-align: bottom">
    <td style="border-bottom: black 1pt solid; width: 31%; text-align: center"><span style="font-size: 10pt"><b>Signature</b></span></td>
    <td style="width: 2%">&#160;</td>
    <td style="border-bottom: black 1pt solid; width: 44%; text-align: center"><span style="font-size: 10pt"><b>Title</b></span></td>
    <td style="width: 5%">&#160;</td>
    <td style="border-bottom: black 1pt solid; width: 18%; text-align: center"><span style="font-size: 10pt"><b>Date</b></span></td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt">/s/ Andy Heyward</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">Chairman and Chief Executive Officer</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">July 25, 2023</span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-size: 10pt">Andy Heyward</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">(Principal Executive Officer)</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; vertical-align: bottom"><span style="font-size: 10pt">/s/ Robert Denton</span></td>
    <td rowspan="2" style="vertical-align: bottom">&#160;</td>
    <td rowspan="2" style="vertical-align: top">
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Chief Financial Officer</p>
    <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Principal Financial and Accounting Officer)</p></td>
    <td rowspan="2" style="vertical-align: bottom">&#160;</td>
    <td rowspan="2" style="vertical-align: top; text-align: center"><span style="font-size: 10pt">July 25, 2023</span></td></tr>
  <tr style="vertical-align: top">
    <td><span style="font-size: 10pt">Robert Denton</span></td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt">/s/ Joseph &#8220;Gray&#8221; Davis</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">Director</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">July 25, 2023</span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-size: 10pt">Joseph &#8220;Gray&#8221; Davis</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt">/s/ Anthony Thomopoulos</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">Director</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">July 25, 2023</span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-size: 10pt">Anthony Thomopoulos</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt">/s/ Margaret Loesch</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">Director</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">July 25, 2023</span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-size: 10pt">Margaret Loesch</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  <tr>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center">&#160;</td></tr>
  <tr>
    <td style="border-bottom: black 1pt solid; vertical-align: top"><span style="font-size: 10pt">/s/ Lynne Segall</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">Director</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top; text-align: center"><span style="font-size: 10pt">July 25, 2023</span></td></tr>
  <tr>
    <td style="vertical-align: top"><span style="font-size: 10pt">Lynne Segall</span></td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td>
    <td style="vertical-align: bottom">&#160;</td>
    <td style="vertical-align: top">&#160;</td></tr>
  </table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></p>

<!-- Field: Page; Sequence: 25; Options: Last -->
    <div style="border-bottom: Black 1pt solid; margin-top: 6pt; margin-bottom: 6pt"><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font-size: 10pt"><tr style="vertical-align: top; text-align: left"><td style="width: 33%">&#160;</td><td style="width: 34%; text-align: center">II-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></td><td style="width: 33%; text-align: right">&#160;</td></tr></table></div>
    <!-- Field: /Page -->

<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#160;</p>

</body>
</html>
<!-- Field: Set; Name: xdx; ID: xdx_08B_extensions -->
<!-- eJxFjV0KwjAQhE/QOyx5lppWRdpHixaxihQRX6NdJdhmyyb+HclbGlvEZWFZZr4ZIQYip4WukeEwKwvYYdPWyiGUeEZGc0LvyJarFPwt8aKtY2Vc9/7AjDyDnpmEUXL0Qme9a4tVCnI6jMfDeAQySWUC27UIvnpG5qwrNE6rGpSpYMvUskan+NUn7NSTDDWvrmqPbDWZFKJQ9vIbYhnFsKG7ehBfLRRFJoJBN4HImW7tt+ZmHTUwr7HxXbZH/xt8ACL2SVs= -->
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3.3
<SEQUENCE>2
<FILENAME>kartoon_ex0306.htm
<DESCRIPTION>AMENDED AND RESTATED BYLAWS
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 3.6</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDED AND RESTATED BYLAWS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>KARTOON STUDIOS, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Adopted June 23, 2023)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
I</FONT> &ndash; OFFICES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. The registered
office of Kartoon Studios, Inc. (the &ldquo;Corporation&rdquo;) in the State of Delaware is 2140 S Dupont Highway, Camden, Delaware 19934,
Kent County. The name of its registered agent at such address is Paracorp Incorporated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. The Corporation
may have such offices within or without the State of Delaware as the Board of Directors may designate or as the business of the Corporation
may require from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
II</FONT> &ndash; STOCKHOLDERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. ANNUAL MEETING:
The annual meeting of stockholders shall be held each year on a date and a time designated by the Board of Directors. At each annual meeting
directors shall be elected and any other proper business may be transacted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. SPECIAL MEETINGS:
In addition to the rights of the holders of any series of Preferred Stock, special meetings of the stockholders may only be called at
any time by (a) the Chairman, (b) the Board of Directors, or an officer of the Corporation authorized by the Board, pursuant to a resolution
approved by a majority of the whole Board of Directors, (c) the Chief Executive Officer of the Corporation; or (d)&nbsp;the President
of the Corporation (in the absence of a chief executive officer). Business transacted at any special meeting of stockholders shall be
limited to the purposes stated in the notice to stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3. PLACE OF MEETING:
The Board of Directors may designate any place, either within or without the State of Delaware, as the place of meeting for any annual
meeting or for any special meeting called by the Board of Directors. The Board of Directors may, in its sole discretion, determine that
the meeting shall not be held at any place, but may instead be held solely by means of remote communication as provided under the Delaware
General Corporation Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4. NOTICE OF MEETING:
Whenever stockholders are required or permitted to take any action at a meeting, a written notice of any such meeting shall be given which
notice shall state the place, date and hour of the meeting, and, in the case of a special meeting, the purpose or purposes for which the
meeting is called. The notice shall, unless otherwise prescribed by statute, be delivered not less than ten (10) nor more than sixty (60)
days before the date of the meeting, either personally or by mail, by or at the direction of the Chairman, to each stockholder of record
entitled to vote at such meeting. If mailed, such notice shall be deemed to be delivered when deposited in the United States mail, addressed
to the stockholder at his address as it appears on the stock transfer books of the Corporation, with postage thereon prepaid. Notice of
any meeting of the stockholders shall not be required to be given to any stockholder who shall attend such meeting in person or by proxy
without protesting, prior to or at the commencement of the meeting, the lack of proper notice to such stockholder, or who shall waive
notice thereof as provided in Article XI of these Bylaws. Notice of adjournment of a meeting of the stockholders need not be given if
the date, time and place, if any, to which it is adjourned, and any means of remote communication for such adjourned meeting, are (i)
announced at the meeting at which the adjournment is taken, (ii) displayed during the time scheduled for such meeting on the same electronic
network used to enable stockholders and proxy holders to participate in such meeting by means of remote communication or (iii) set forth
in the notice of such meeting given in accordance with the provisions of this Article 2.4; <I>provided, however</I>, that if the adjournment
is for more than 30 days or, after adjournment, a new record date is fixed for the adjourned meeting, then a notice of the adjourned meeting
shall be given to each stockholder of record entitled to vote at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. NOTICE BY ELECTRONIC
TRANSMISSION: Any notice to stockholder given by the Corporation pursuant to any provision of these Bylaws, the Exchange Act (as defined
in Article 2.16(b) below) or the Certificate of Incorporation shall be effective if given by a form of electronic transmission consented
to by the stockholder to whom the notice is given. The consent is revocable by the stockholder by written notice to the Corporation. The
consent is revoked if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) The Corporation is unable
to deliver by electronic transmission two consecutive notices given by the Corporation in accordance with the consent; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) The inability to deliver
by electronic transmission becomes known to the secretary, assistant secretary, transfer agent or other agent of the Corporation responsible
for the giving of notice. However, the inadvertent failure to treat the inability to deliver notice by electronic transmission as a revocation
does not invalidate any meeting or other action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Notice given pursuant to this Article 2.5 shall
be deemed given if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) By facsimile machine, when
directed to a number at which the stockholder has consented to receive notice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) By electronic mail, when
directed to an electronic mail address at which the stockholder has consented to receive notice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) By posting on an electronic
network together with separate notice to the stockholder of the specific posting, upon the later of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.25in">(1) Such posting; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.25in">(2) The giving of the separate
notice; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) By any other form of electronic
transmission, when directed to the stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As used in this Article 2.5,
&ldquo;electronic transmission&rdquo; means any form of communication not directly involving the physical transmission of paper that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) Creates a record that may
be retained, retrieved and reviewed by the recipient of the communication; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) May be directly reproduced
in paper form by the recipient through an automated process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. CLOSING OF TRANSFER
BOOKS OR FIXING OF RECORD DATE: For the purpose of determining stockholders entitled to notice of or to vote at any meeting of stockholders
or any adjournment thereof, or stockholders entitled to receive payment of any dividend, or in order to make a determination of stockholders
for any other proper purpose, the Board of Directors of the Corporation may provide that the stock transfer books shall be closed for
a stated period but not to exceed, in any case, sixty (60) days. In lieu of closing the stock transfer books, the Board of Directors may
fix in advance a date as the record date for any such determination of stockholders, such date in any case to be not more than sixty (60)
days, and, in case of a meeting of stockholders, not less than ten (10) days prior to the date on which the particular action, requiring
such determination of stockholders, is to be taken. If the stock transfer books are not closed and no record date is fixed for the determination
of stockholders entitled to notice of or to vote at a meeting of stockholders, or stockholders entitled to receive payment of a dividend,
the date on which notice of the meeting is mailed or the date on which the resolution of the board of directors declaring such dividend
is adopted, as the case may be, shall be the record date for such determination of stockholders. But payment or allotment of dividends
may not be made more than sixty days after the date on which the resolution is adopted. When a determination of stockholders entitled
to vote at any meeting of stockholders has been made as provided in this Article 2.6, such determination shall apply to any adjournment
thereof regardless of its length except where the determination has been made through the closing of the stock transfer books and the
stated period of closing has expired.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. BOOKS AND ACCOUNTS:
This Corporation shall keep and maintain at its principal office in this State:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) A certified copy of its
Certificate of Incorporation, and all amendments thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) A certified copy of its
Bylaws, and all amendments thereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) A stock ledger or a duplicate
stock ledger, revised annually, containing the names, alphabetically arranged, of all persons who are stockholders of the Corporation,
showing their places of residence, if known, and the number of shares held by them respectively; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) In lieu of the stock ledger
or duplication stock ledger specified in paragraph (c), a statement setting out the name of the custodian of the stock ledger or duplicate
stock ledger, and the present and complete post office address, including street and number, if any, where such stock ledger or duplicate
stock ledger specified in this Article 2.7 is kept.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8. QUORUM: A majority
of the outstanding shares of the Corporation entitled to vote, represented in person or by proxy, shall constitute a quorum at a meeting
of stockholders; provided, however, that in the case of any vote to be taken by classes or series, the holders of a majority of the votes
entitled to be cast by the stockholders of a particular class or series, present in person or by proxy, shall constitute a quorum of such
class or series.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9. ADJOURNMENTS; POSTPONEMENTS:
In the absence of a quorum, holders of stock representing a majority of the voting power of all shares present in person or represented
by proxy at the meeting, or the chairman of the meeting, may adjourn any meeting of stockholders (including an adjournment to address
a technical failure to convene), from time to time, to reconvene at the same or some other place, and notice need not be given of any
such adjourned meeting if the time and place thereof are announced at the meeting at which the adjournment is taken. Furthermore, after
the meeting has been duly organized, the chairman of the meeting may adjourn any meeting of stockholders, from time to time, to reconvene
at the same or some other place, and notice need not be given of any such adjourned meeting if the date, time and place, if any, thereof,
and any means of remote communication for such meeting, are (i) announced at the meeting at which the adjournment is taken, (ii) displayed
during the time scheduled for such meeting on the same electronic network used to enable stockholders and proxy holders to participate
in such meeting by means of remote communication, or (iii) set forth in the notice of such meeting given in accordance with the provisions
of Article 2.4. At the adjourned meeting, the Corporation may transact any business which might have been transacted at the original meeting.
If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting,
a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting. Any previously scheduled
meeting of stockholders may be postponed by the Board of Directors prior to the date previously scheduled for such meeting and the Corporation
shall publicly announce such postponement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 10. PROXIES: At any
meeting of stockholders, a stockholder may vote in person or by proxy executed in writing by the stockholder or by his duly authorized
attorney in fact. Proxies for use at any meeting of stockholders shall be in writing and filed with the Secretary, or such other officer
as the Board of Directors may from time to time determine by resolution, before or at the time of the meeting. All proxies shall be received
and taken charge of and all ballots shall be received and canvassed by the secretary of the meeting who shall decide all questions touching
upon the qualification of voters, the validity of the proxies and the acceptance or rejection of votes, unless an inspector or inspectors
shall have been appointed by the Chairman, in which event such inspector or inspectors shall decide all such questions. Any stockholder
directly or indirectly soliciting proxies from other stockholders must use a proxy card color other than white, which shall be reserved
for the exclusive use by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A proxy shall not be valid
after six months from the date of its execution, unless coupled with an interest, but no proxy shall be valid after seven years from the
date of its execution, unless renewed or extended at any time before its expiration.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11. LIST OF STOCKHOLDERS
ENTITLED TO VOTE: A complete list of stockholders entitled to vote at any meeting of stockholders, arranged in alphabetical order and
showing the address of each stockholder and the number of shares registered in the name of each stockholder, shall be open to the examination
of any stockholder, for any purpose germane to the meeting, for a period of ten (10) days ending on the day before the meeting date, (i)
on a reasonably accessible electronic network, provided that the information required to gain access to such list is provided with the
notice of the meeting, or (ii) during ordinary business hours, at the principal place of business of the Corporation. In the event that
the Corporation determines to make the list available on an electronic network, the Corporation may take reasonable steps to ensure that
such information is available only to the stockholders of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 12. VOTING AND ELECTIONS:
Each stockholder of record of any series of Preferred Stock shall be entitled at each meeting of the stockholders to such number of votes,
if any, for each share of such stock as may be fixed in the Certificate of Incorporation or in the resolution or resolutions adopted by
the Board of Directors provide for the issuance of such Preferred Stock, and each stockholder of record of Common Stock shall be entitled
at each meeting of the stockholders to one vote for each share of such stock, in each case, registered in such stockholder&rsquo;s name
on the books of the Corporation: (i) on the date fixed pursuant to Section 6 of Article II of these Bylaws as the record date for the
determination of stockholders entitled to notice of and to vote at such meeting; or (ii) if no such record date shall have been so fixed,
then at the close of business on the day next preceding the day on which notice of such meeting is given, or, if notice is waived, at
the close of business on the day next preceding the day on which the meeting is held.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">At each meeting of the stockholders,
all corporate actions to be taken by vote of the stockholders (other than the election of directors) shall be authorized by a majority
of the votes cast by the stockholders entitled to vote thereon who are present in person or represented by proxy, and where a separate
vote by class or series is required, a majority of the votes cast by the stockholders of such class or series who are present in person
or represented by proxy shall be the act of such class or series. Directors shall be elected by a plurality of the votes cast at a meeting
of the stockholders by the holders of stock entitled to vote in the election of directors, provided a quorum is present.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 13. VOTING OF SHARES
BY CERTAIN HOLDERS: Shares standing in the name of another corporation may be voted by such officer, agent or proxy as the bylaws or a
resolution of the board of directors of such corporation may prescribe, and a certified copy of the by-law or resolution is presented
at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Shares held by an administrator,
executor, guardian or conservator may be voted by him, either in person or by proxy, without a transfer of shares into his name. A stockholder
whose shares are pledged shall be entitled to vote such shares until the shares have been transferred into the name of the pledgee, and
thereafter the pledgee shall be entitled to vote the shares so transferred.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Neither treasury shares of
its own stock held by the Corporation, nor shares held by another corporation if a majority of the shares entitled to vote for the election
of directors of such other corporation are held by the corporation, shall be voted at any meeting or counted in determining the total
number of outstanding shares at any given time for purposes of any meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 14. VOTING TRUST:
A stockholder, by agreement in writing, may transfer his stock to a voting trustee or trustees for the purpose of conferring the right
to vote thereon for a period not exceeding 15 years upon the terms and conditions therein stated. The certificates of stock so transferred
shall be surrendered and canceled and new certificates therefor issued to such trustee or trustees in which it shall appear that they
are issued pursuant to such agreement, and in the entry of such ownership in the proper books of such corporation that fact shall also
be noted, and thereupon such trustee or trustees may vote upon the stock so transferred during the terms of such agreement. A duplicate
of every such agreement shall be filed in the principal office of the corporation and at all times during such terms be open to inspection
by any stockholder or his attorney.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 15. ACTION WITHOUT
MEETING: Any action required or permitted to be taken by the stockholders of the Corporation must be effected at an annual or special
meeting of stockholders of the Corporation and may not be effected by any consent in writing by such stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 16. NOMINATION OF
DIRECTORS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) In addition to the rights
of the holders of any series of Preferred Stock, nominations of any person for election to the Board of Directors at an annual meeting
or at a special meeting (but only if the election of directors is a matter specified in the notice of meeting given by or at the direction
of the person calling such special meeting) may be made at such meeting only (i) by or at the direction of the Board of Directors, including
by any committee or persons appointed by the Board of Directors, or (ii) by a stockholder who (A) was a stockholder of record (and, with
respect to any beneficial owner, if different, on whose behalf such nomination is proposed to be made, only if such beneficial owner was
the beneficial owner of shares of the Corporation) both at the time of giving the notice provided for in this Article 2.16 and at the
time of the meeting, (B) is entitled to vote at the meeting for the election of directors, and (C) has complied with this Article 2.16
as to such nomination. The foregoing clause (ii) shall be the exclusive means for a stockholder to make any nomination of a person or
persons for election to the Board of Directors at an annual meeting or special meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) Without qualification, in
addition to such stockholder complying with the provisions of Rule 14a-19 under the Securities Exchange Act of 1934, as amended, and the
rules and regulations thereunder (as so amended and inclusive of such rules and regulations, the &ldquo;Exchange Act&rdquo;), for a stockholder
to make any nomination of a person or persons for election to the Board of Directors at an annual meeting, the stockholder must (i) provide
timely notice (as described below) thereof in writing and in proper form to the Secretary of the Corporation either by personal delivery
or by United States mail, postage prepaid, and (ii) provide any updates or supplements to such notice at the times and in the forms required
by this Article 2.16. Without qualification, if the election of directors is a matter specified in the notice of meeting given by or at
the direction of the person calling such special meeting, then for a stockholder to make any nomination of a person or persons for election
to the Board of Directors at a special meeting, the stockholder must (i) provide timely notice thereof in writing and in proper form to
the Secretary of the Corporation at the principal executive offices of the Corporation either by personal delivery or by United States
mail, postage prepaid, and (ii) provide any updates or supplements to such notice at the times and in the forms required by this Article
2.16. To be timely, a stockholder&rsquo;s notice must be delivered to, or mailed and received at, the principal executive offices of the
Corporation not less than ninety (90) days nor more than one hundred twenty (120) days prior to the one-year anniversary of the preceding
year&rsquo;s annual meeting; provided, however, that if the date of the annual meeting is more than thirty (30) days before or more than
sixty (60) days after such anniversary date, notice by the stockholder to be timely must be so delivered, or mailed and received, not
later than the ninetieth (90th) day prior to such annual meeting or, if such annual meeting is announced later than the ninetieth day
prior to the date of such annual meeting, the tenth (10th) day following the day on which public disclosure of the date of such annual
meeting was first made. In no event shall any adjournment of an annual meeting or the announcement thereof commence a new time period
for the giving of timely notice as described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">To be timely, a stockholder&rsquo;s
notice for nominations to be made at a special meeting must be delivered to, or mailed and received at, the principal executive offices
of the Corporation not earlier than the one hundred twentieth (120th) day prior to such special meeting and not later than the ninetieth
(90th) day prior to such special meeting or, if such special meeting is announced later than the ninetieth day prior to the date of such
special meeting, the tenth (10th) day following the day on which public disclosure (as defined in Article 2.17(g)) of the date of such
special meeting was first made. In no event shall any adjournment of an annual meeting or special meeting or the announcement thereof
commence a new time period for the giving of timely notice as described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) To be in proper form for
purposes of this Article 2.16, a stockholder&rsquo;s notice to the Secretary shall set forth:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i) As to each Nominating Person
(as defined below), the Stockholder Information (as defined in Article 2.17(c)(i), except that for purposes of this Article 2.16 the term
&ldquo;Nominating Person&rdquo; shall be substituted for the term &ldquo;Proposing Person&rdquo; in all places it appears in Article 2.17(c)(i));</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii) As to each Nominating Person,
any Disclosable Interests (as defined in Article 2.17(c)(ii), except that for purposes of this Article 2.16 the term &ldquo;Nominating
Person&rdquo; shall be substituted for the term &ldquo;Proposing Person&rdquo; in all places it appears in Article 2.17(c)(ii) and the
disclosure in clause (L) of Article 2.17(c)(ii) shall be made with respect to the election of directors at the meeting);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii) A representation that
the Nominating Person is a holder or record or beneficial owner of shares of the Corporation entitled to vote at the meeting and intends
to appear in person or by proxy at the meeting to nominate the person or persons specified in the notice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv) A representation as to
whether the Nominating Person intends to solicit proxies in support of such person&rsquo;s nominee(s) in accordance with Rule 14a-19 under
the Exchange Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(v) A representation as to whether
the Nominating Person intends or is part of a group that intends (x) to deliver a proxy statement and/or a form of proxy to holders of
at least the percentage of the Corporation&rsquo;s outstanding stock reasonably believed by the Nominating Person to be sufficient to
elect the nominee or nominees proposed to be nominating by the Nominating Person;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(vi) As to each person whom
a Nominating Person proposes to nominate for election as a director, (A) all information with respect to such proposed nominee that would
be required to be set forth in a stockholder&rsquo;s notice pursuant to this Article 2.16 if such proposed nominee were a Nominating Person,
(B) all information relating to such proposed nominee that is required to be disclosed in a proxy statement or other filings required
to be made in connection with solicitations of proxies for election of directors in a contested election pursuant to Article 14(a) under
the Exchange Act (including such proposed nominee&rsquo;s written consent to being named in the proxy statement as a nominee and to serving
as a director if elected), (C) a description of all direct and indirect compensation and other material monetary agreements, arrangements
and understandings during the past three years, and any other material relationships, between or among any Nominating Person, on the one
hand, and each proposed nominee, his or her respective affiliates and associates and any other persons with whom such proposed nominee
(or any of his or her respective affiliates and associates) is Acting in Concert (as defined in Article 2.17(c)), on the other hand, including,
without limitation, all information that would be required to be disclosed pursuant to Item 404 under Regulation S-K if such Nominating
Person were the &ldquo;registrant&rdquo; for purposes of such rule and the proposed nominee were a director or executive officer of such
registrant, and (D) a completed and signed questionnaire, representation and agreement as provided in Article 2.16(f); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(vi) The Corporation may require
any proposed nominee to furnish such other information (A) as may reasonably be required by the Corporation to determine the eligibility
of such proposed nominee to serve as an independent director of the Corporation in accordance with the Corporation&rsquo;s corporate governance
guidelines or (B) that could be material to a reasonable stockholder&rsquo;s understanding of the independence or lack of independence
of such proposed nominee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of this Article
2.16, the term &ldquo;Nominating Person&rdquo; shall mean (i) the stockholder providing the notice of the nomination proposed to be made
at the meeting, (ii) the beneficial owner or beneficial owners, if different, on whose behalf the notice of the nomination proposed to
be made at the meeting is made, (iii) any affiliate or associate of such stockholder or beneficial owner, and (iv) any other person with
whom such stockholder or such beneficial owner (or any of their respective affiliates or associates) is Acting in Concert.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) A stockholder providing
notice of any nomination proposed to be made at a meeting shall further update and supplement such notice, if necessary, so that the information
provided or required to be provided in such notice pursuant to this Article 2.16 shall be true and correct as of the record date for the
meeting and as of the date that is ten (10) business days prior to the meeting or any adjournment or postponement thereof, and such update
and supplement shall be delivered to, or mailed and received by, the Secretary at the principal executive offices of the Corporation not
later than five (5) business days after the record date for the meeting (in the case of the update and supplement required to be made
as of the record date), and not later than eight (8) business days prior to the date for the meeting, if practicable (or, if not practicable,
on the first practicable date prior to) any adjournment or postponement thereof (in the case of the update and supplement required to
be made as of ten (10) business days prior to the meeting or any adjournment or postponement thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) Notwithstanding anything
in these Bylaws to the contrary, no person shall be eligible for election as a director of the Corporation unless nominated in accordance
with this Article 2.16. The presiding officer at the meeting shall, if the facts warrant, determine that a nomination was not properly
made in accordance with this Article 2.16, and if he or she should so determine, he or she shall so declare such determination to the
meeting and the defective nomination shall be disregarded.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) To be eligible to be a nominee
for election as a director of the Corporation, the proposed nominee must deliver (in accordance with the time periods prescribed for delivery
of notice under this Article 2.16) to the Secretary at the principal executive offices of the Corporation a written questionnaire with
respect to the background and qualification of such proposed nominee (which questionnaire shall be provided by the Secretary upon written
request) and a written representation and agreement (in form provided by the Secretary upon written request) that such proposed nominee
(i) is not and will not become a party to (A) any agreement, arrangement or understanding with, and has not given any commitment or assurance
to, any person or entity as to how such proposed nominee, if elected as a director of the Corporation, will act or vote on any issue or
question (a &ldquo;Voting Commitment&rdquo;) that has not been disclosed to the Corporation or (B) any Voting Commitment that could limit
or interfere with such proposed nominee&rsquo;s ability to comply, if elected as a director of the Corporation, with such proposed nominee&rsquo;s
fiduciary duties under applicable law, (ii) is not, and will not become a party to, any agreement, arrangement or understanding with any
person or entity other than the Corporation with respect to any direct or indirect compensation, reimbursement or indemnification in connection
with service or action as a director that has not been disclosed to the Corporation and (iii) in such proposed nominee&rsquo;s individual
capacity and on behalf of the stockholder (or the beneficial owner, if different) on whose behalf the nomination is made, would be in
compliance, if elected as a director of the Corporation, and will comply with applicable publicly disclosed corporate governance, conflict
of interest, confidentiality and stock ownership and trading policies and guidelines of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g) In addition to the requirements
of this Article 2.16 with respect to any nomination proposed to be made at a meeting, each Nominating Person shall comply with all applicable
requirements of the Exchange Act with respect to any such nominations. Unless otherwise required by law, (i) no Nominating Person shall
solicit proxies in support of director nominees other than the Corporation&rsquo;s nominees unless such stockholder has complied with
Rule 14a-19 under the Exchange Act in connection with the solicitation of such proxies, including the provision to the Corporation of
notices required thereunder in a timely manner, and (ii) if such stockholder (1) provides notice pursuant to Rule 14a-19(b) under the
Exchange Act and (2) subsequently fails to comply with all applicable requirements of Section 10 and this Article 2.16 and Rules 14a-19(a)(2)
and 14a-19(a)(3) under the Exchange Act, then the Corporation shall disregard any proxies or votes solicited for such Nominating Person&rsquo;s
director nominees. Upon request by the Corporation, if any such Nominating Person provides notice pursuant to Rule 14a-19(b) under the
Exchange Act, such Nominating Person shall deliver to the Corporation, no later than five (5) business days prior to the applicable meeting,
reasonable evidence that it has met the requirements of Rule 14a-19(a)(3) under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 17. NOTICE OF BUSINESS
AT ANNUAL MEETINGS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) At an annual meeting of
the stockholders, only such business shall be conducted as shall have been properly brought before the meeting. To be properly brought
before an annual meeting, business must be (i) brought before the meeting by the Corporation and specified in the notice of meeting given
by or at the direction of the Board of Directors, (ii) brought before the meeting by or at the direction of the Board of Directors, or
(iii) otherwise properly brought before the meeting by a stockholder who (A) was a stockholder of record (and, with respect to any beneficial
owner, if different, on whose behalf such business is proposed, only if such beneficial owner was the beneficial owner of shares of the
Corporation) both at the time of giving the notice provided for in this Article 2.17 and at the time of the meeting, (B) is entitled to
vote at the meeting, and (C) has complied with this Article 2.17 as to such business. Except for proposals properly made in accordance
with Rule 14a-8 under the Exchange Act, and included in the notice of meeting given by or at the direction of the Board of Directors,
the foregoing clause (iii) shall be the exclusive means for a stockholder to propose business to be brought before an annual meeting of
the stockholders. Stockholders shall not be permitted to propose business to be brought before a special meeting of the stockholders,
and the only matters that may be brought before a special meeting are the matters specified in the notice of meeting given by or at the
direction of the person calling the meeting. Stockholders seeking to nominate persons for election to the Board must comply with Article
2.16 and this Article 2.17 shall not be applicable to nominations except as expressly provided in Article 2.16.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) Without qualification, for
business to be properly brought before an annual meeting by a stockholder, the stockholder must (i) provide timely notice (as described
below) thereof in writing and in proper form to the Secretary of the Corporation either by personal delivery or by United States mail,
postage prepaid, and (ii) provide any updates or supplements to such notice at the times and in the forms required by this Article 2.17.
To be timely, a stockholder&rsquo;s notice must be delivered to, or mailed and received at, the principal executive offices of the Corporation
not less than ninety (90) days nor more than one hundred twenty (120) days prior to the one-year anniversary of the preceding year&rsquo;s
annual meeting; provided, however, that if the date of the annual meeting is more than thirty (30) days before or more than sixty (60)
days after such anniversary date, notice by the stockholder to be timely must be so delivered, or mailed and received, not later than
the ninetieth (90th) day prior to such annual meeting or, if such annual meeting is announced later than the ninetieth day prior to the
date of such annual meeting, the tenth (10th) day following the day on which public disclosure of the date of such annual meeting was
first made. In no event shall any adjournment of an annual meeting or the announcement thereof commence a new time period for the giving
of timely notice as described above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) To be in proper form for
purposes of this Article 2.17, a stockholder&rsquo;s notice to the Secretary shall set forth:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i) As to each Proposing Person
(as defined below), (A) the name and address of such Proposing Person (including, if applicable, the name and address that appear on the
Corporation&rsquo;s books and records); and (B) the class or series and number of shares of the Corporation that are, directly or indirectly,
owned of record or beneficially owned (within the meaning of Rule 13d-3 under the Exchange Act) by such Proposing Persons, except that
such Proposing Person shall in all events be deemed to beneficially own any shares of any class or series of the Corporation as to which
such Proposing Person has a right to acquire beneficial ownership at any time in the future (the disclosures to be made pursuant to the
foregoing clauses (i) and (ii) are referred to as &ldquo;Stockholder Information&rdquo;);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii) As to each Proposing Person,
(A) any derivative, swap or other transaction or series of transactions engaged in, directly or indirectly, by such Proposing Person,
the purpose or effect of which is to give such Proposing Person economic risk similar to ownership of shares of any class or series of
the Corporation, including due to the fact that the value of such derivative, swap or other transactions are determined by reference to
the price, value or volatility of any shares of any class or series of the Corporation, or which derivative, swap or other transactions
provide, directly or indirectly, the opportunity to profit from any increase in the price or value of shares of any class or series of
the Corporation (&ldquo;Synthetic Equity Interests&rdquo;), which Synthetic Equity Interests shall be disclosed without regard to whether
(x) the derivative, swap or other transactions convey any voting rights in such shares to such Proposing Person, (y) the derivative, swap
or other transactions are required to be, or are capable of being, settled through delivery of such shares or (z) such Proposing Person
may have entered into other transactions that hedge or mitigate the economic effect of such derivative, swap or other transactions (B)
any proxy (other than a revocable proxy or consent given in response to a solicitation made pursuant to, and in accordance with, Article
14(a) of the Exchange Act by way of a solicitation statement filed on Schedule 14A), agreement, arrangement, understanding or relationship
pursuant to which such Proposing Person has or shares a right to vote any shares of any class or series of the Corporation, (C) any agreement,
arrangement, understanding or relationship, including any repurchase or similar so-called &ldquo;stock borrowing&rdquo; agreement or arrangement,
engaged in, directly or indirectly, by such Proposing Person, the purpose or effect of which is to mitigate loss to, reduce the economic
risk (of ownership or otherwise) of shares of any class or series of the Corporation by, manage the risk of share price changes for, or
increase or decrease the voting power of, such Proposing Person with respect to the shares of any class or series of the Corporation,
or which provides, directly or indirectly, the opportunity to profit from any decrease in the price or value of the shares of any class
or series of the Corporation (&ldquo;Short Interests&rdquo;), (D) any rights to dividends on the shares of any class or series of the
Corporation owned beneficially by such Proposing Person that are separated or separable from the underlying shares of the Corporation,
(E) any performance related fees (other than an asset based fee) that such Proposing Person is entitled to based on any increase or decrease
in the price or value of shares of any class or series of the Corporation, or any Synthetic Equity Interests or Short Interests, if any,
(F)(x) if such Proposing Person is not a natural person, the identity of the natural person or persons associated with such Proposing
Person responsible for the formulation of and decision to propose the business to be brought before the meeting (such person or persons,
the &ldquo;Responsible Person&rdquo;), the manner in which such Responsible Person was selected, any fiduciary duties owed by such Responsible
Person to the equity holders or other beneficiaries of such Proposing Person, the qualifications and background of such Responsible Person
and any material interests or relationships of such Responsible Person that are not shared generally by any other record or beneficial
holder of the shares of any class or series of the Corporation and that reasonably could have influenced the decision of such Proposing
Person to propose such business to be brought before the meeting, and (y) if such Proposing Person is a natural person, the qualifications
and background of such natural person and any material interests or relationships of such natural person that are not shared generally
by any other record or beneficial holder of the shares of any class or series of the Corporation and that reasonably could have influenced
the decision of such Proposing Person to propose such business to be brought before the meeting, (G) any significant equity interests
or any Synthetic Equity Interests or Short Interests in any principal competitor of the Corporation held by such Proposing Persons (H)
any direct or indirect interest of such Proposing Person in any contract with the Corporation, any affiliate of the Corporation or any
principal competitor of the Corporation (including, in any such case, any employment agreement, collective bargaining agreement or consulting
agreement), (I) any pending or threatened litigation in which such Proposing Person is a party or material participant involving the Corporation
or any of its officers or directors, or any affiliate of the Corporation, (J) any material transaction occurring during the prior twelve
months between such Proposing Person, on the one hand, and the Corporation, any affiliate of the Corporation or any principal competitor
of the Corporation, on the other hand, (K) a summary of any material discussions regarding the business proposed to be brought before
the meeting (x) between or among any of the Proposing Persons or (y) between or among any Proposing Person and any other record or beneficial
holder of the shares of any class or series of the Corporation (including their names), and (L) any other information relating to such
Proposing Person that would be required to be disclosed in a proxy statement or other filing required to be made in connection with solicitations
of proxies or consents by such Proposing Person in support of the business proposed to be brought before the meeting pursuant to Article
14(a) of the Exchange Act (the disclosures to be made pursuant to the foregoing clauses (A) through (L) are referred to as &ldquo;Disclosable
Interests&rdquo;); provided, however, that Disclosable Interests shall not include any such disclosures with respect to the ordinary course
business activities of any broker, dealer, commercial bank, trust company or other nominee who is a Proposing Person solely as a result
of being the stockholder directed to prepare and submit the notice required by these Bylaws on behalf of a beneficial owner;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii) As to each item of business
that the stockholder proposes to bring before the annual meeting, (A) a reasonably brief description of the business desired to be brought
before the annual meeting, the reasons for conducting such business at the annual meeting and any material interest in such business of
each Proposing Person, (B) the text of the proposal or business (including the text of any resolutions proposed for consideration), and
(C) a reasonably detailed description of all agreements, arrangements and understandings (x) between or among any of the Proposing Persons
or (y) between or among any Proposing Person and any other record or beneficial holder of the shares of any class or series of the Corporation
(including their names) in connection with the proposal of such business by such stockholder;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv) A representation that the
Proposing Person is a holder or record or beneficial owner of shares of the Corporation entitled to vote at the meeting and intends to
appear in person or by proxy at the meeting to propose the business specified in the notice; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(v) A representation as to whether
the Proposing Person intends to solicit proxies in support of such person&rsquo;s proposal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">For purposes of this Article
2.17, the term &ldquo;Proposing Person&rdquo; shall mean (i) the stockholder providing the notice of business proposed to be brought before
an annual meeting, (ii) the beneficial owner or beneficial owners, if different, on whose behalf the notice of the business proposed to
be brought before the annual meeting is made, (iii) any affiliate or associate (each within the meaning of Rule 12b-2 under the Exchange
Act for purposes of these Bylaws) of such stockholder or beneficial owner, and (iv) any other person with whom such stockholder or beneficial
owner (or any of their respective affiliates or associates) is Acting in Concert (as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A person shall be deemed to
be &ldquo;Acting in Concert&rdquo; with another person for purposes of these Bylaws if such person knowingly acts (whether or not pursuant
to an express agreement, arrangement or understanding) in concert with, or towards a common goal relating to the management, governance
or control of the Corporation in parallel with, such other person where (A) each person is conscious of the other person&rsquo;s conduct
or intent and this awareness is an element in their decision-making processes and (B) at least one additional factor suggests that such
persons intend to act in concert or in parallel, which such additional factors may include, without limitation, exchanging information
(whether publicly or privately), attending meetings, conducting discussions, or making or soliciting invitations to act in concert or
in parallel; provided, that a person shall not be deemed to be Acting in Concert with any other person solely as a result of the solicitation
or receipt of revocable proxies or consents from such other person in response to a solicitation made pursuant to, and in accordance with,
Article 14(a) of the Exchange Act by way of a proxy or consent solicitation statement filed on Schedule 14A. A person Acting in Concert
with another person shall be deemed to be Acting in Concert with any third party who is also Acting in Concert with such other person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) A stockholder providing
notice of business proposed to be brought before an annual meeting shall further update and supplement such notice, if necessary, so that
the information provided or required to be provided in such notice pursuant to this Article 2.17 shall be true and correct as of the record
date for the meeting and as of the date that is ten (10) business days prior to the meeting or any adjournment or postponement thereof,
and such update and supplement shall be delivered to, or mailed and received by, the Secretary at the principal executive offices of the
Corporation not later than five (5) business days after the record date for the meeting (in the case of the update and supplement required
to be made as of the record date), and not later than eight (8) business days prior to the date for the meeting, if practicable (or, if
not practicable, on the first practicable date prior to) any adjournment or postponement thereof (in the case of the update and supplement
required to be made as of ten (10) business days prior to the meeting or any adjournment or postponement thereof).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) Notwithstanding anything
in these Bylaws to the contrary, no business shall be conducted at an annual meeting except in accordance with this Article 2.17. The
presiding officer of the meeting shall, if the facts warrant, determine that the business was not properly brought before the meeting
in accordance with this Article 2.17, and if he or she should so determine, he or she shall so declare to the meeting and any such business
not properly brought before the meeting shall not be transacted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(f) This Article 2.17 is expressly
intended to apply to any business proposed to be brought before an annual meeting of stockholders other than any proposal made pursuant
to Rule 14a-8 under the Exchange Act. In addition to the requirements of this Article 2.17 with respect to any business proposed to be
brought before an annual meeting, each Proposing Person shall comply with all applicable requirements of the Exchange Act with respect
to any such business. Nothing in this Article 2.17 shall be deemed to affect the rights of stockholders to request inclusion of proposals
in the Corporation&rsquo;s proxy statement pursuant to Rule 14a-8 under the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(g) For purposes of these Bylaws,
&ldquo;public disclosure&rdquo; shall mean disclosure in a press release reported by a national news service or in a document publicly
filed by the Corporation with the Securities and Exchange Commission pursuant to Articles 13, 14 or 15(d) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 18. CONDUCT OF MEETINGS:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) Meetings of stockholders
shall be presided over by the Chairman or in the Chairman&rsquo;s absence by the Chief Executive Officer, or in the Chief Executive Officer&rsquo;s
absence by the President (if the President shall be a different individual than the Chief Executive Officer), or in the President&rsquo;s
absence by a Vice President, or in the absence of all of the foregoing persons by a chairman designated by the Board of Directors, or
in the absence of such designation by a chairman chosen by vote of the stockholders at the meeting. The Secretary shall act as secretary
of the meeting, but in the Secretary&rsquo;s absence the chairman of the meeting may appoint any person to act as secretary of the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) The Board of Directors of
the Corporation may adopt by resolution such rules, regulations and procedures for the conduct of any meeting of stockholders of the Corporation
as it shall deem appropriate including, without limitation, such guidelines and procedures as it may deem appropriate regarding the participation
by means of remote communication of stockholders and proxyholders not physically present at a meeting. Except to the extent inconsistent
with such rules, regulations and procedures as adopted by the Board of Directors, the chairman of any meeting of stockholders shall have
the right and authority to prescribe such rules, regulations and procedures and to do all such acts as, in the judgment of such chairman,
are appropriate for the proper conduct of the meeting. Such rules, regulations or procedures, whether adopted by the Board of Directors
or prescribed by the chairman of the meeting, may include, without limitation, the following: (i) the establishment of an agenda or order
of business for the meeting; (ii) rules and procedures for maintaining order at the meeting and the safety of those present; (iii) limitations
on attendance at or participation in the meeting to stockholders of record of the Corporation, their duly authorized and constituted proxies
or such other persons as shall be determined; (iv) restrictions on entry to the meeting after the time fixed for the commencement thereof;
and (v) limitations on the time allotted to questions or comments by participants. Unless and to the extent determined by the Board of
Directors or the chairman of the meeting, meetings of stockholders shall not be required to be held in accordance with the rules of parliamentary
procedure.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) The chairman of the meeting
shall announce at the meeting when the polls for each matter to be voted upon at the meeting will be opened and closed. If no announcement
is made, the polls shall be deemed to have opened when the meeting is convened and closed upon the final adjournment of the meeting. After
the polls close, no ballots, proxies or votes or any revocations or changes thereto may be accepted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) In advance of any meeting
of stockholders, the Board of Directors, the Chairman or the Chief Executive Officer shall appoint one or more inspectors of election
to act at the meeting and make a written report thereof. One or more other persons may be designated as alternate inspectors to replace
any inspector who fails to act. If no inspector or alternate is present, ready and willing to act at a meeting of stockholders, the chairman
of the meeting shall appoint one or more inspectors to act at the meeting. Unless otherwise required by law, inspectors may be officers,
employees or agents of the Corporation. Each inspector, before entering upon the discharge of such inspector&rsquo;s duties, shall take
and sign an oath faithfully to execute the duties of inspector with strict impartiality and according to the best of such inspector&rsquo;s
ability. The inspector shall have the duties prescribed by law and shall take charge of the polls and, when the vote is completed, shall
make a certificate of the result of the vote taken and of such other facts as may be required by law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
III</FONT> &ndash; DIRECTORS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. NUMBER AND TERM.
The business of this Corporation shall be managed by a Board of Directors which shall consist of not less than three (3) directors nor
more than nine (9) directors, who need not be residents of the State of Delaware or stockholders of the Corporation. The exact number
of directors within the minimum and maximum limitations specified in the preceding sentence shall be fixed from time to time by the Board
of Directors pursuant to a resolution adopted by a majority of the entire Board of Directors, which number shall initially be six (6).
Except as otherwise provided in the Certificate of Incorporation, each director shall serve for a term ending on the date of the annual
meeting of stockholders next following the annual meeting at which such director was elected. Notwithstanding the foregoing, each director
shall hold office until such director&rsquo;s successor shall have been duly elected and qualified or until such director&rsquo;s earlier
death, resignation or removal. Directors need not be stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. REGULAR MEETINGS:
Each newly elected Board of Directors may hold its first meeting for the purpose of organization and the transaction of business, if a
quorum is present, immediately after and at the same place as the annual meeting of the stockholders. Notice of such meeting shall not
be required. At the first meeting of the Board of Directors in each year at which a quorum shall be present, held next after the annual
meeting of stockholders, the Board of Directors shall proceed to the election of the officers of the Corporation. Regular meetings of
the Board of Directors shall be held at such times and places as shall be designated from time to time by resolution of the Board of Directors.
Notice of such regular meetings shall not be required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3. SPECIAL MEETINGS:
Special meetings of the Board of Directors may be called by the Chairman of the Board, or on the written request of any two directors,
by the Secretary, in each case on at least twenty-four (24) hours personal, written, telegraphic, cable or wireless notice to each director.
Such notice, or any waiver thereof pursuant to Article 3.4 hereof, shall state the time and place of the special meeting, but need not
state the purpose or purposes of such meeting, except as may otherwise be required by law or provided for in the Certificate of Incorporation
or these Bylaws. If the day or date, time and place of a meeting of the Board of Directors has been announced at a previous meeting of
the board, no notice is required. Notice of an adjourned meeting of the Board of Directors need not be given other than by announcement
at the meeting at which adjournment is taken.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4. NOTICE WAIVER:
Notice of any meeting of the Board of Directors may be waived by any director either before, at or after such meeting orally or in a writing
signed by such director. A director, by his or her attendance at any meeting of the Board of Directors, shall be deemed to have waived
notice of such meeting, except where the director objects at the beginning of the meeting to the transaction of business because the meeting
is not lawfully called or convened and does not participate thereafter in the meeting. Neither the business to be transacted at, nor the
purpose of, any regular or special meeting of the Board of Directors need be specified in the notice or waiver of notice of such meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. QUORUM AND MANNER
OF ACTING: Unless otherwise provided in the Certificate of Incorporation, a majority of the total number of directors then in office shall
constitute a quorum for the transaction of business of the Board of Directors and the vote of a majority of the directors present at a
meeting at which a quorum is present shall be the act of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. RESIGNATION. Any
director may resign at any time by giving notice in writing or by electronic transmission to the Board of Directors or to the Secretary
of the Corporation. The resignation of any director shall take effect upon receipt of notice thereof or at such later time as shall be
specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it
effective.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. NEWLY CREATED DIRECTORSHIPS.
A directorship to be filled by reason of any increase in the number of directors may be filled (i) by election at an annual or special
meeting of stockholders called for that purpose or (ii) by the Board of Directors for a term of office continuing only until the next
election of one or more directors by the stockholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8. VACANCIES IN THE
BOARD OF DIRECTORS. Any vacancies in the Board of Directors resulting from death, resignation, retirement, disqualification, removal from
office or other cause shall be filled by a majority vote of the directors then in office, and directors so chosen shall hold office for
a term expiring at the annual meeting of stockholders at which the term of the class to which they have been elected expires. No decrease
in the number of directors constituting the Board of Directors shall shorten the term of any incumbent director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9. REMOVAL OF DIRECTORS.
Except as may otherwise be provided by law, any director or the entire Board of Directors may be removed, with or without cause, at an
annual meeting or at a special meeting called for that purpose, by the affirmative vote of the holders of a majority of the shares then
entitled to vote at an election of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 10. ACTION WITHOUT
A MEETING; TELEPHONE CONFERENCE MEETING: Unless otherwise restricted by the Certificate of Incorporation, any action required or permitted
to be taken at any meeting of the Board of Directors, or any committee designated by the Board of Directors, may be taken without a meeting
if all members of the Board of Directors or committee, as the case may be, either originally or in counterparts, consent thereto in writing.
Such consent shall have the same force and effect as a unanimous vote at a meeting, and may be stated as such in any document or instrument
filed with the Secretary of State of Delaware.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Unless otherwise restricted
by the Certificate of Incorporation, subject to the requirement for notice of meetings, members of the Board of Directors, or members
of any committee designated by the Board of Directors, may participate in a meeting of such Board of Directors or committee, as the case
may be, by means of a conference telephone or similar communications equipment by means of which all persons participating in the meeting
can hear each other, and participation in such a meeting shall constitute presence in person at such meeting, except where a person participates
in the meeting for the express purpose of objecting to the transaction of any business on the grounds that the meeting is not lawfully
called or convened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 10. EXECUTIVE AND
OTHER COMMITTEES:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) The Board of Directors,
by resolution adopted by a majority of the number of directors then in office may designate from among its members an executive committee
and one or more other committees, each consisting of two or more directors, and each of which, to the extent provided in the resolution
or in the charter or these Bylaws shall have and may exercise all of the authority of the Board of Directors except the power to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i) Declare dividends or distributions
on stock;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii) Issue stock other than
as provided in subsection (b) of this Article.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii) Recommend to the stockholders
any action which requires stockholder approving, including, but not limited to, adopting an agreement of merger or consolidation, the
sale, lease or exchange of all or substantially all of the Corporation&rsquo;s property and assets, a dissolution of the Corporation or
a revocation of a dissolution of the Corporation; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv) Amend the Certificate of
Incorporation or the Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) If the Board of Directors
has given general authorization for the issuance of stock, a committee of the Board, in accordance with a general formula or method specified
by the board by resolution or by adoption of a stock option or other plan, may fix the terms of stock subject to classification or reclassification
and the terms on which any stock may be issued, including all terms and conditions required or permitted to be established or authorized
by the Board of Directors under the Delaware General Corporation Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) The appointment of any committee,
the delegation of authority to it or action by it under that authority does not constitute of itself, compliance by any director not a
member of the committee, with the standard provided by statute for the performance of duties of directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(d) Any committee designated
pursuant to this Article 3.10 shall choose its own chairman, shall keep regular minutes of its proceedings and report the same to the
Board of Directors when requested, shall fix its own rules or procedures, and shall meet at such times and at such place or places as
may be provided by such rules, or by resolution of such committee or resolution of the Board of Directors. At every meeting of any such
committee, the presence of a majority of all the members thereof shall constitute a quorum and the affirmative vote of a majority of the
members present shall be necessary for the adoption by it of any resolution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(e) The Board of Directors may
designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting
of such committee. In the absence or disqualification of a member of a committee, the member or members present at any meeting and not
disqualified from voting, whether or not constituting a quorum, may unanimously appoint another member of the Board of Directors to act
at the meeting in the place of the absent or disqualified member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11. CHAIRMAN OF THE
BOARD: The Board shall elect from its members a Chairman, which Chairman shall preside at all meetings of the stockholders and the directors.
The Chairman shall serve in such capacity until his or her successor is elected by the Board or until his or her earlier resignation or
removal from the Board. He or she shall also perform such other duties the Board may assign to him or her from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 12. COMPENSATION:
By resolution of the Board of Directors, each director may be paid his expenses, if any, of attendance at each meeting of the Board of
Directors, and may be paid a stated salary as director or a fixed sum for attendance at each meeting of the Board of Directors or both.
No such payment shall preclude any director from serving the Corporation in any other capacity and receiving compensation therefor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 13. PRESUMPTION OF
ASSENT: A director of the Corporation who is present at a meeting of the board of Directors at which action on any corporate matter is
taken unless he shall announce his dissent at the meeting and his dissent is entered in the minutes and he shall forward such dissent
by registered mail to the secretary of the corporation immediately after the adjournment of the meeting. Such right to dissent shall not
apply to a director who voted in favor of such action.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
IV</FONT> &ndash; OFFICERS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. NUMBER, TITLES,
AND TERM OF OFFICE: The officers of the Corporation shall be chosen by the Board of Directors and shall include a Chief Executive Officer,
President, Chief Operating Officer, Chief Financial Officer, President, one or more Vice Presidents (any one or more of whom may be designated
Executive Vice President or Senior Vice President), a Treasurer, a Secretary, and such other officers as the Board of Directors may from
time to time elect or appoint. Each officer shall hold office until his successor shall be duly elected and shall qualify or until his
death or until he shall resign or shall have been removed in the manner hereinafter provided. Any number of offices may be held by the
same person, unless the Certificate of Incorporation provides otherwise. Except for the Chairman of the Board, if any, no officers need
be a director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. SALARIES: The salaries
or other compensation of the officers and agents of the Corporation shall be fixed from time to time by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3. REMOVAL: Any officer
or agent elected or appointed by the Board of Directors may be removed, either with or without cause, by the vote of a majority of the
whole Board of Directors at a special meeting called for the purpose, or at any regular meeting of the Board of Directors, provided the
notice for such meeting shall specify that the matter of any such proposed removal will be considered at the meeting but such removal
shall be without prejudice to the contract rights, if any, of the person so removed. Election or appointment of an officer or agent shall
not of itself create contract rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4. VACANCIES: Any
vacancy occurring in any office of the Corporation may be filled by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. CHIEF EXECUTIVE
OFFICER: The Chief Executive Officer shall, in the absence of the Chairman, preside at all meetings of the stockholders. Subject to the
control of the Board of Directors and the executive committee (if any), the Chief Executive Officer shall have general executive charge,
management and control of the properties, business and operations of the Corporation with all such powers as may be reasonably incident
to such responsibilities; he may agree upon and execute all leases, contracts, evidences of indebtedness and other obligations in the
name of the Corporation and may sign all certificates for shares of capital stock of the Corporation and shall have such other powers
and duties as designated in accordance with these Bylaws and as from time to time may be assigned to him by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. PRESIDENT: Subject
to such supervisory powers, if any, as may be given by the Board to the Chief Executive Officer, the President shall have general supervision,
direction, and control of the business and other officers of the corporation. The President shall have the general powers and duties of
management usually vested in the office of President of a corporation and shall have such other powers and duties as may be prescribed
by the Board or these Bylaws. If, for any reason, the Corporation does not have a Chairman or Chief Executive Officer, or such officers
are unable to act, the President shall assume the duties of those officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. CHIEF OPERATING
OFFICER: The Chief Operating Officer shall supervise the operation of the Corporation, subject to the policies and directions of the Board.
He or she shall provide for the proper operation of the Corporation and oversee the internal interrelationship amongst any and all departments
of the Corporation. He or she shall submit to the Chief Executive Officer, the President, the Chairman and the Board timely reports on
the operations of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 8. CHIEF FINANCIAL
OFFICER: The Chief Financial Officer shall have general supervision, direction and control of the financial affairs of the Corporation.
He or she shall provide for the establishment of internal controls and see that adequate audits are currently and regularly made. He or
she shall submit to the Chief Executive Officer, the President, the Chief Operating Officer, the Chairman and the Board timely statements
of the accounts of the Corporation and the financial results of the operations thereof. The Chief Financial Officer shall perform such
other duties and have such other powers as may be prescribed by the Board or these Bylaws, all in accordance with basic policies as established
by and subject to the oversight of the Board and the Chief Executive Officer. In the absence of a named Treasurer, the Chief Financial
Officer shall also have the powers and duties of the Treasurer as hereinafter set forth and shall be authorized and empowered to sign
as Treasurer in any case where such officer&rsquo;s signature is required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 9. VICE PRESIDENTS:
In the absence of the President, or in the event of his inability or refusal to act, a Vice President designated by the Board of Directors
shall perform the duties of the President, and when so acting shall have all the powers of and be subject to all the restrictions of the
President. In the absence of a designation by the Board of Directors of a Vice President to perform the duties of the President, or in
the event of his absence or inability or refusal to act, the Vice President who is present and who is senior in terms of time as a Vice
President of the Corporation shall so act. The Vice Presidents shall perform such other duties and have such other powers as the chief
executive officer or the Board of Directors may from time to time prescribe.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 10. TREASURER: The
Treasurer shall have responsibility for the custody and control of all the funds and securities of the Corporation, and he shall have
such other powers and duties as designated in these Bylaws and as from time to time may be assigned to him by the Board of Directors.
He shall perform all acts incident to the position of Treasurer, subject to the control of the chief executive officer and the Board of
Directors; and he shall, if required by the Board of Directors, give such bond for the faithful discharge of his duties in such form as
the Board of Directors may require.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 11. ASSISTANT TREASURERS:
Each Assistant Treasurer shall have the usual powers and duties pertaining to his office, together with such other powers and duties as
designated in these Bylaws and as from time to time may be assigned to him by the chief executive officer or the Board of Directors. The
Assistant Treasurers shall exercise the powers of the Treasurer during that officer&rsquo;s absence or inability or refusal to act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 12. SECRETARY: The
Secretary shall keep the minutes of all meetings of the Board of Directors, committees of directors and the stockholders, in books provided
for that purpose; he shall attend to the giving and serving of all notices; he may in the name of the Corporation affix the seal of the
Corporation to all contracts of the Corporation and attest the affixation of the seal of the Corporation thereto; he may sign with the
other appointed officers all certificates for shares of capital stock of the Corporation; he shall have charge of the certificate books,
transfer books and stock ledgers, and such other books and papers as the Board of Directors may direct, all of which shall at all reasonable
times be open to inspection of any director upon application at the office of the Corporation during business hours; he shall have such
other powers and duties as designated in these Bylaws and as from time to time may be assigned to him by the Board of Directors; and he
shall in general perform all acts incident to the office of Secretary, subject to the control of the chief executive officer and the Board
of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 13. ASSISTANT SECRETARIES:
Each Assistant Secretary shall have the usual powers and duties pertaining to his office, together with such other powers and duties as
designated in these Bylaws and as from time to time may be assigned to him by the chief executive officer or the Board of Directors. The
Assistant Secretaries shall exercise the powers of the Secretary during that officer&rsquo;s absence or inability or refusal to act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
V</FONT> &ndash; INDEMNIFICATION OF OFFICERS, DIRECTORS,<BR>
EMPLOYEES AND AGENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. INDEMNIFICATION:
The Corporation shall indemnify and hold harmless, to the fullest extent authorized by the Delaware General Corporation Law, as the same
exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the Corporation
to provide broader indemnification rights than such law permitted the Corporation to provide prior to such amendment), any person who
was or is a party or threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (other than action by or in the right of the Corporation) by reason of the fact that he is or
was a director, officer, employee or agent of the Corporation, or is or was serving at the request of the Corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise (an &ldquo;indemnitee&rdquo;), against
expenses (including attorneys&rsquo; fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by an indemnitee
in connection with such action, suit or proceeding if such indemnitee acted in good faith and in a manner such indemnitee reasonably believed
to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable
cause to believe such conduct was unlawful; provided, however, that, except as provided in Article 5.3 with respect to proceedings to
enforce rights to indemnification, the Corporation shall indemnify any such indemnitee in connection with a proceeding (or part thereof)
initiated by such indemnitee only if such proceeding (or part thereof) was authorized by the Board of Directors of the Corporation. The
termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that the indemnitee did not act in good faith and in a manner which such indemnitee reasonably
believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had
reasonable cause to believe that such conduct was unlawful. The right to indemnification conferred by this Article 5.1 shall vest at the
time an individual becomes an indemnitee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. RIGHT TO ADVANCEMENT
OF EXPENSES: The right to indemnification conferred in Article 5.1 shall include the right to be paid by the Corporation the expenses
incurred in defending any such proceeding in advance of its final disposition (hereinafter an &ldquo;advancement of expenses&rdquo;);
provided, however, that, if the Delaware General Corporation Law requires, an advancement of expenses incurred by an indemnitee in his
or her capacity as a director or officer (and not in any other capacity in which service was or is rendered by such indemnitee, including,
without limitation, service to an employee benefit plan) shall be made only upon delivery to the Corporation of an undertaking (hereinafter
an &ldquo;undertaking&rdquo;), by or on behalf of such indemnitee, to repay all amounts so advanced if it shall ultimately be determined
by final judicial decision from which there is no further right to appeal (hereinafter a &ldquo;final adjudication&rdquo;) that such indemnitee
is not entitled to be indemnified for such expenses under this Article 5.2 or otherwise. The rights to indemnification and to the advancement
of expenses conferred in Articles 5.1 and 5.2 shall be contract rights and such rights shall continue as to an indemnitee who has ceased
to be a director, officer, employee, or agent and shall inure to the benefit of the indemnitee&rsquo;s heirs, executors, and administrators.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3. RIGHT OF INDEMNITEE
TO BRING SUIT: If a claim under Article 5.1 or 5.2 is not paid in full by the Corporation within sixty (60) days after a written claim
has been received by the corporation, except in the case of a claim for an advancement of expenses, in which case the applicable period
shall be twenty (20) days, the indemnitee may at any time thereafter bring suit against the Corporation to recover the unpaid amount of
the claim. If successful in whole or in part in any such suit, or in a suit brought by the Corporation to recover an advancement of expenses
pursuant to the terms of an undertaking, the indemnitee shall be entitled to be paid also the expense of prosecuting or defending such
suit. In (i) any suit brought by the indemnitee to enforce a right to indemnification hereunder (but not in a suit brought by the indemnitee
to enforce a right to an advancement of expenses) it shall be a defense that, and (ii) in any suit brought by the Corporation to recover
an advancement of expenses pursuant to the terms of an undertaking, the Corporation shall be entitled to recover such expenses upon a
final adjudication that, the indemnitee has not met any applicable standard for indemnification set forth in the Delaware General Corporation
Law. Neither the failure of the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) to have
made a determination prior to the commencement of such suit that indemnification of the indemnitee is proper in the circumstances because
the indemnitee has met the applicable standard of conduct set forth in the Delaware General Corporation Law, nor an actual determination
by the Corporation (including its Board of Directors, independent legal counsel, or its stockholders) that the indemnitee has not met
such applicable standard of conduct, shall create a presumption that the indemnitee has not met the applicable standard of conduct or,
in the case of such a suit brought by the indemnitee, be a defense to such suit. In any suit brought by the indemnitee to enforce a right
to indemnification or to an advancement of expenses hereunder, or brought by the Corporation to recover an advancement of expenses pursuant
to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to indemnification, or to such advancement of
expenses, under this Article 5 or otherwise shall be on the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4. NON-EXCLUSIVITY
OF RIGHTS: The rights to indemnification and to the advancement of expenses conferred in this Article 5 shall not be exclusive of any
other right which any person may have or hereafter acquire under any statute, the corporation&rsquo;s Certificate of Incorporation, Bylaws,
agreement, vote of stockholders, or disinterested directors or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 5. INSURANCE: The
Corporation may maintain insurance, at its expense, to protect itself and any director, officer, employee, or agent of the Corporation
or another corporation, partnership, joint venture, trust, or other enterprise against any expense, liability or loss, whether or not
the Corporation would have the power to indemnify such person against such expense, liability or loss under the Delaware General Corporation
Law.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 6. INDEMNIFICATION
OF EMPLOYEES AND AGENTS OF THE CORPORATION: The Corporation may, to the extent authorized from time to time by the Board of Directors,
grant rights to indemnification and to the advancement of expenses to any employee or agent of the Corporation to the fullest extent of
the provisions of this Article 5 with respect to the indemnification and advancement of expenses of directors and officers of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 7. AMENDMENT OR MODIFICATION:
This Article 5 may be altered or amended at any time as provided in these Bylaws, but no such amendment shall have the effect of diminishing
the rights of any person who is or was an officer or director as to any acts or omissions taken or omitted to be taken prior to the effective
date of such amendment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
VI</FONT> &ndash; CONTRACTS, LOANS, CHECKS AND DEPOSITS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. CONTRACTS: The
Board of Directors may authorize any officer or officers, agent or agents, to enter into any contract or execute and deliver any instrument
in the name of on behalf of the corporation, and such authority may be general or confined to specific instances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. LOANS: No loans
shall be contracted on behalf of the Corporation and no evidences of indebtedness shall be issued in its name unless authorized by a resolution
of the Board of Directors. Such authority may be general or confined to specific instances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 3. CHECKS, DRAFTS,
ETC.: All checks, drafts, or other orders for the payment of money, notes or other evidences of indebtedness issued in the name of the
corporation, shall be signed by such officer or officers, agent or agents of the Corporation and in such manner as shall from time to
time be determined by resolution of the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 4. DEPOSITS: All funds
of the Corporation not otherwise employed shall be deposited from time to time to the credit of the Corporation in such banks, trust companies
or other depositories as the Board of Directors may select.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
VII</FONT> CERTIFICATES FOR SHARES AND THEIR TRANSFER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. CERTIFICATES FOR
SHARES: Notwithstanding any other provision in these Bylaws, any or all classes and series of shares of the Corporation, or any part thereof,
may be represented by uncertificated shares, except that shares represented by a certificate that is issued and outstanding shall continue
to be represented thereby until the certificate is surrendered to the corporation. Within a reasonable time after the issuance or transfer
of uncertificated shares, the Corporation shall send to the registered owner thereof, a written notice containing the information required
to be set forth or stated on certificates. The rights and obligations of the holders of shares represented by certificates and the rights
and obligations of the holders of uncertificated shares of the same class or series shall be identical. If certificates for the shares
of the Corporation are issued, each will be in such form as shall be determined by the Board of Directors. Such certificates shall be
signed by the president or vice president and countersigned by the secretary or an assistant secretary and sealed with the Corporation
seal or a facsimile thereof. The signatures of such officers upon a certificate may be facsimile signatures if the certificate is manually
signed on behalf of a transfer agent or a registrar other than the Corporation or an employee of the Corporation. Each certificate for
shares shall be consecutively numbered or otherwise identified. The name and address of the person to whom the shares represented thereby
are issued, with the number of shares and date of issue, shall be entered on the stock transfer books of the Corporation. All certificates
surrendered to the Corporation for transfer shall be cancelled and no new certificates shall be issued until the former certificates for
a like number of shares shall have been surrendered and cancelled, except that in case of a lost, destroyed or mutilated certificate,
a new one may be issued therefor upon such terms and indemnity to the Corporation as the Board of Directors may prescribe.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 2. TRANSFER OF SHARES:
Transfer of shares of the Corporation shall be made only on the stock transfer books of the Corporation by the holder of record thereof
or by his legal representative, who shall furnish proper evidence of authority to transfer, or by his attorney thereunto authorized by
power of attorney duly executed and filed with the secretary of the corporation, and on surrender for cancellation of the certificate
for such shares. The person in whose name shares stand on the books of the Corporation shall be deemed by the Corporation to be the owner
thereof for all purposes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
VIII</FONT> &ndash; FISCAL YEAR</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. The fiscal year
of the Corporation shall be determined by the Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
IX</FONT> &ndash; DIVIDENDS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. The Board of Directors
may, from time to time, declare and the Corporation may pay dividends on its outstanding shares in the manner, and upon the terms and
conditions provided by law and its Certificate of Incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
X</FONT> &ndash; CORPORATE SEAL</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. The Board of Directors
shall provide a corporate seal which shall be circular in form and shall have inscribed thereon the name of the Corporation, the year
of its incorporation and the words, &ldquo;Corporate Seal,&rdquo; and &ldquo;Delaware.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
XI</FONT> &ndash; WAIVER OF NOTICE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. Whenever notice
is required to be given by law, the Certificate of Incorporation or under any of the provisions of these Bylaws, a written waiver thereof,
signed by the person entitled to notice, whether before or after the time stated therein, shall be deemed equivalent to notice. Attendance
of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends a meeting for the express
purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or
convened. Neither the business to be transacted at, nor the purpose of, any regular or special meeting of the stockholders, directors,
or members of a committee of directors need be specified in any written waiver of notice unless so required by the Certificate of Incorporation
or the Bylaws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
XII</FONT> &ndash; FORUM FOR ADJUDICATION OF DISPUTES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. Unless the Corporation
consents in writing to the selection of an alternative forum, the sole and exclusive forum for (i) any derivative action or proceeding
brought on behalf of the Corporation, (ii) any action asserting a claim of breach of a fiduciary duty owed by any director, officer or
other employee of the Corporation to the Corporation or the Corporation&rsquo;s stockholders, (iii) any action asserting a claim arising
pursuant to any provision of the Delaware General Corporation Law or the Certificate of Incorporation or Bylaws (as either may be amended
from time to time), or (iv) any action asserting a claim governed by the internal affairs doctrine shall be the Court of Chancery in the
State of Delaware (or, if the Court of Chancery does not have jurisdiction, the federal district court for the District of Delaware).
If any action the subject matter of which is within the scope of the preceding sentence is filed in a court other than a court located
within the State of Delaware (a &ldquo;Foreign Action&rdquo;) in the name of any stockholder, such stockholder shall be deemed to have
consented to (i) the personal jurisdiction of the state and federal courts located within the State of Delaware in connection with any
action brought in any such court to enforce the preceding sentence and (ii) having service of process made upon such stockholder in any
such action by service upon such stockholder&rsquo;s counsel in the Foreign Action as agent for such stockholder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase">Article
XIII</FONT> &ndash; AMENDMENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Section 1. Stockholders of
the Corporation holding at least 66 2/3% of the Corporation&rsquo;s outstanding voting stock shall have the power to adopt, amend or repeal
the Bylaws. To the extent provided in the Corporation&rsquo;s Certificate of Incorporation, the Board of Directors of the Corporation
shall also have the power to adopt, amend or repeal the Bylaws of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 17; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>3
<FILENAME>kartoon_ex0501.htm
<DESCRIPTION>OPINION
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 5.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 9pt; font-variant: small-caps"><I><SUP>FLG
</SUP></I></FONT><FONT STYLE="font-variant: small-caps"><B>Flangas Law Group</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&#9;Writer's email: kps@fdlawlv.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">July 25, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Kartoon Studios, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">190 N. Canon Drive, 4th Floor</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Beverly Hills, CA 90210</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; font-size: 10pt; text-align: right">Re:</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 96%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Kartoon Studios, Inc.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Resale Registration Statement on Form S-3</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We have acted as special Nevada
counsel for Kartoon Studios, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), in connection with a Registration Statement
on Form S-3 (the &ldquo;Registration Statement&rdquo;), <FONT STYLE="font-family: Times New Roman, Times, Serif">filed by the Company
on the date hereof with the Securities and Exchange Commission (the &ldquo;<U>Commission</U>&rdquo;) under the Securities Act of 1933,
as amended (the &ldquo;<U>Securities Act</U>&rdquo;), relating to the offering for resale of up to </FONT>4,784,909 shares of the Company&rsquo;s
common stock, par value $0.001 per share <FONT STYLE="font-family: Times New Roman, Times, Serif">(the &ldquo;</FONT><U>Conversion <FONT STYLE="font-family: Times New Roman, Times, Serif">Shares</FONT></U><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;)</FONT>
by the selling stockholders named therein (the &ldquo;Selling Stockholders&rdquo;) issuable upon the exercise of certain outstanding Common
Stock purchase warrants, issued by the Company to the Selling Stockholders on June 26, 2023 (the &ldquo;<U>Warrants</U>&rdquo;) pursuant
to certain Letter Agreements among the Company and Selling Shareholders (the &ldquo;<U>Letter Agreement</U>&rdquo;). Pursuant to the Letter
Agreement, the Selling Stockholders, will not be entitled to exercise on the Warrants until the Company has received stockholder approval.
<FONT STYLE="font-family: Times New Roman, Times, Serif">This opinion letter is furnished to you at your request to enable you to fulfill
the requirements of Item&nbsp;601(b)(5) of Regulation S-K, 17 C.F.R. &sect; 229.601(b)(5), in connection with the Registration Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In arriving at the opinion
expressed below, we have examined such corporate proceedings, records and documents, and such matters of law, as we have considered necessary
for the purposes of this opinion. As to matters of fact, we have examined and relied upon the representations of the Company contained
in the Registration Statement and, where we have deemed appropriate, representations or certificates of officers of the Company or public
officials. As part of our examination, we have examined the following documents, among others:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">A.</TD><TD STYLE="text-align: justify">the Registration Statement (including the prospectus contained therein);</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">B.</TD><TD STYLE="text-align: justify">the Letter Agreements;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">C.</TD><TD STYLE="text-align: justify">the Warrants;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">D.</TD><TD STYLE="text-align: justify">the Articles of Incorporation of the Company, as amended;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">E.</TD><TD STYLE="text-align: justify">the Articles of Merger;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">F.</TD><TD STYLE="text-align: justify">the Bylaws of the Company;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">G.</TD><TD STYLE="text-align: justify">a Certificate of Good Standing issued by the Secretary of State of the State of Nevada, dated July 24,
2023, certifying that the Company is in existence and in good standing in the State of Nevada;</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">H.</TD><TD STYLE="text-align: justify">a certain Unanimous Written Consent of the Board of Directors of the Company, dated July 11; and</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">I.</TD><TD STYLE="text-align: justify">Minutes of the Board of Directors Meeting, dated June 16, 2023.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In rendering the opinion expressed
below, we have assumed without verification the genuineness of all signatures, the legal capacity of natural persons, the authenticity
of all documents submitted to us as originals, the conformity to the originals of all documents submitted to us as copies and the authenticity
of the originals of such copies, and the due authorization, execution and delivery of all documents by all parties and the validity, binding
effect and enforceability thereof (other than the authorization, execution and delivery of documents by the Company and the validity,
binding effect and enforceability thereof upon the Company). In addition, we have assumed and not verified the accuracy as to the factual
matters of each document we have reviewed and the accuracy of, and each applicable party&rsquo;s full compliance with, any representations
and warranties contained therein. Accordingly, we are relying upon (without any independent investigation thereof) the truth and accuracy
of the statements, covenants, representations and warranties set forth in the documents we have reviewed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Based upon the foregoing and
subject to the assumptions, exceptions, limitations and qualifications set forth herein, we are of the opinion that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 2pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left">1.</TD><TD STYLE="text-align: justify">The Company is a corporation validly existing and in good standing
under the laws of the state of Nevada.</TD>
</TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 2pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left">2.</TD><TD STYLE="text-align: justify">The Conversion Shares, when issued and sold in accordance with
the terms and conditions of the Letter Agreement and the Warrants, will be validly issued, fully paid and nonassessable.</TD>
</TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 2pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0pt"></TD><TD STYLE="width: 20pt; text-align: left">3.</TD><TD STYLE="text-align: justify">The Warrants have been executed and delivered by the Company,
and constitute valid and legally binding obligations of the Company.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We render this opinion only
with respect to, and we express no opinion herein concerning the application or effect of the laws of any jurisdiction other than, the
existing laws of the state of Nevada. We express no opinion with respect to any other laws or with respect to the &ldquo;blue sky&rdquo;
securities laws of any state.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We render this opinion subject
to applicable bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfer or conveyance), reorganization,
moratorium and other similar laws affecting creditors&rsquo; rights generally and to general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law), including, without limitation, (a) the possible unavailability of specific
performance, injunctive relief or any other equitable remedy and (b) concepts of materiality, reasonableness, good faith and fair dealing,
and we express no opinion herein with respect to provisions relating to severability or separability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">No opinion is expressed herein
as to any matter pertaining to the contents of the Registration Statement, other than as and to the extent expressly stated herein with
respect to the authorization and issuance of the Conversion Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This opinion is limited to
the specific issues addressed herein, and no opinion may be inferred or implied beyond that expressly stated herein. This opinion speaks
only as of the date of this letter, and we do not undertake by delivery of this opinion or otherwise to advise you of any change in any
matter set forth herein, whether based on a change in law (whether by legislative action, judicial decision, administrative decision or
otherwise) or a change in any fact arising subsequent to the date hereof that might affect any of the opinions expressed herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">We hereby consent to the filing
of this opinion as Exhibit 5.1 to the Registration Statement and to&nbsp;the use of our name under the caption &ldquo;Legal Matters&rdquo;
in the Registration Statement and the prospectus that forms a part thereof. In giving the foregoing consent, we do not admit that we are
in the category of persons whose consent is required under Section 7 of the Act, or the rules and regulations of the Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;</TD>
  <TD STYLE="width: 50%">Very truly yours,</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD><I>/s/ FLANGAS LAW GROUP</I></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD><B>FLANGAS LAW GROUP</B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 2; Options: Last -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>4
<FILENAME>kartoon_ex2301.htm
<DESCRIPTION>CONSENT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 23.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Consent of Independent
Registered Public Accounting Firm</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We consent to the incorporation by reference in this Registration Statement
on Form S-3 of Kartoon Studios, Inc. of our report dated April 12, 2023, relating to the consolidated financial statements of Genius Brands
International, Inc. (n/k/a Kartoon Studios, Inc.), appearing in the Annual Report on Form 10-K of Genius Brands International, Inc. (n/k/a
Kartoon Studios, Inc.) for the year ended December 31, 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We also consent to the reference to us under the heading &ldquo;Experts&rdquo;
in such Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">/s/ Baker Tilly US, LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Irvine, California</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT>July 25, 2023</FONT></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-FILING FEES
<SEQUENCE>5
<FILENAME>kartoon_ex107.htm
<DESCRIPTION>CALCULATION OF FILING FEE TABLES
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>Exhibit 107 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; text-align: center"><B>Calculation of Filing Fee Tables </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center">Form S-3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Form Type)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>Kartoon Studios, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><U>Table 1: Newly Registered Securities </U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Security<BR>
    Type</FONT></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">Security</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">Class</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><FONT STYLE="font-size: 8pt">Title</FONT></P></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Fee<BR>
    Calculation<BR>
    or Carry Forward Rule</FONT></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Amount<BR>
    Registered (1)</FONT></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Proposed<BR>
    Maximum<BR>
    Offering<BR>
    Price Per<BR>
    Unit</FONT></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Maximum<BR>
    Aggregate<BR>
    Offering Price</FONT></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">Fee</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><FONT STYLE="font-size: 8pt">Rate</FONT></P></TD>
    <TD STYLE="border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Amount of<BR>
    Registration<BR>
    Fee</FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Fees
    to be paid</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Equity</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">Common<BR>
                                            Stock,</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 8pt">par value $0.001
    per share, underlying the Warrants</FONT></P></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">457(c)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">4,784,909(2)
    </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$2.09(3)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$10,000,450</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$0.0001102</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$1,102.05</FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Total
    Offering Amounts</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$10,000,450</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$1,102.05
    </FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Total
    Fees Previously Paid</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&mdash;
    </FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="white-space: nowrap; vertical-align: bottom; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Total
    Fee Offsets</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-left: black 1pt solid; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&mdash;
    </FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="8" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">Net
    Fee Due</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-left: black 1pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; vertical-align: bottom; border-left: black 1pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-right: black 1pt solid; border-bottom: black 1pt solid; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">$1,102.05</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 4%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 38%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-size: 10pt">The shares of common stock of the Registrant will be offered for resale by the selling stockholders pursuant to the prospectus contained herein. Pursuant to Rule 416 under the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;), this registration statement also covers such additional shares of common stock of the Registrant issuable upon stock splits, stock dividends, or other distribution, recapitalization or similar events with respect to the shares of common stock being registered pursuant to this registration statement. </FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-size: 10pt"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="text-align: justify">
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0">This registration statement registers the resale of 4,784,909 shares of
    common stock of the Registrant issuable upon the exercise of outstanding warrants held by the selling stockholders.</P>
    <P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0"></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="text-align: justify; font-size: 10pt"><FONT STYLE="font-size: 10pt">Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457(c) under the Securities Act, based on the average of the high and low prices of the registrant&rsquo;s common stock of the Registrant on July 20, 2023, as reported on NYSE American LLC.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>6
<FILENAME>gnus-20230725.xsd
<DESCRIPTION>XBRL SCHEMA FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" ?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.19a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
    <!-- Field: Doc-Info; Name: Misc; Value: +Kopo7xRiXgen8uEbXpMOauCuaPty552eYkxvmR3ffk6LyAqYXTZFyGBcOp2wQgP -->
<schema xmlns="http://www.w3.org/2001/XMLSchema" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:dei="http://xbrl.sec.gov/dei/2023" xmlns:us-gaap="http://fasb.org/us-gaap/2023" xmlns:srt="http://fasb.org/srt/2023" xmlns:srt-types="http://fasb.org/srt-types/2023" xmlns:GNUS="http://gnusbrands.com/20230725" elementFormDefault="qualified" targetNamespace="http://gnusbrands.com/20230725">
    <annotation>
      <appinfo>
        <link:roleType roleURI="http://gnusbrands.com/role/Cover" id="Cover">
          <link:definition>00000001 - Document - Cover</link:definition>
          <link:usedOn>link:presentationLink</link:usedOn>
          <link:usedOn>link:calculationLink</link:usedOn>
          <link:usedOn>link:definitionLink</link:usedOn>
        </link:roleType>
        <link:linkbaseRef xlink:type="simple" xlink:href="gnus-20230725_pre.xml" xlink:role="http://www.xbrl.org/2003/role/presentationLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Presentation Links" />
        <link:linkbaseRef xlink:type="simple" xlink:href="gnus-20230725_lab.xml" xlink:role="http://www.xbrl.org/2003/role/labelLinkbaseRef" xlink:arcrole="http://www.w3.org/1999/xlink/properties/linkbase" xlink:title="Label Links" />
      </appinfo>
    </annotation>
    <import namespace="http://www.xbrl.org/2003/instance" schemaLocation="http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd" />
    <import namespace="http://www.xbrl.org/2003/linkbase" schemaLocation="http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" />
    <import namespace="http://xbrl.sec.gov/dei/2023" schemaLocation="https://xbrl.sec.gov/dei/2023/dei-2023.xsd" />
    <import namespace="http://fasb.org/us-gaap/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd" />
    <import namespace="http://fasb.org/us-types/2023" schemaLocation="https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd" />
    <import namespace="http://www.xbrl.org/dtr/type/2022-03-31" schemaLocation="https://www.xbrl.org/dtr/type/2022-03-31/types.xsd" />
    <import namespace="http://xbrl.sec.gov/country/2023" schemaLocation="https://xbrl.sec.gov/country/2023/country-2023.xsd" />
    <import namespace="http://fasb.org/srt/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd" />
    <import namespace="http://fasb.org/srt-types/2023" schemaLocation="https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd" />
</schema>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>7
<FILENAME>gnus-20230725_lab.xml
<DESCRIPTION>XBRL LABEL FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.19a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel" roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" />
    <link:roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel" roleURI="http://www.xbrl.org/2009/role/netLabel" />
    <link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract" xlink:label="dei_CoverAbstract" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CoverAbstract" xlink:to="dei_CoverAbstract_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CoverAbstract_lbl" xml:lang="en-US">Cover [Abstract]</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="dei_DocumentType" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US">Document Type</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="dei_AmendmentDescription" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentDescription" xlink:to="dei_AmendmentDescription_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentDescription_lbl" xml:lang="en-US">Amendment Description</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement" xlink:label="dei_DocumentRegistrationStatement" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentRegistrationStatement" xlink:to="dei_DocumentRegistrationStatement_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentRegistrationStatement_lbl" xml:lang="en-US">Document Registration Statement</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAnnualReport_lbl" xml:lang="en-US">Document Annual Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="dei_DocumentQuarterlyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentQuarterlyReport" xlink:to="dei_DocumentQuarterlyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentQuarterlyReport_lbl" xml:lang="en-US">Document Quarterly Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentTransitionReport_lbl" xml:lang="en-US">Document Transition Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="dei_DocumentShellCompanyReport" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyReport" xlink:to="dei_DocumentShellCompanyReport_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyReport_lbl" xml:lang="en-US">Document Shell Company Report</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="dei_DocumentShellCompanyEventDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentShellCompanyEventDate" xlink:to="dei_DocumentShellCompanyEventDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentShellCompanyEventDate_lbl" xml:lang="en-US">Document Shell Company Event Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodStartDate" xlink:label="dei_DocumentPeriodStartDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodStartDate" xlink:to="dei_DocumentPeriodStartDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodStartDate_lbl" xml:lang="en-US">Document Period Start Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US">Document Period End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFileNumber_lbl" xml:lang="en-US">Entity File Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityRegistrantName_lbl" xml:lang="en-US">Entity Registrant Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCentralIndexKey_lbl" xml:lang="en-US">Entity Central Index Key</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="dei_EntityPrimarySicNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPrimarySicNumber" xlink:to="dei_EntityPrimarySicNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPrimarySicNumber_lbl" xml:lang="en-US">Entity Primary SIC Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="dei_EntityTaxIdentificationNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityTaxIdentificationNumber" xlink:to="dei_EntityTaxIdentificationNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US">Entity Tax Identification Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US">Entity Address, Address Line One</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="dei_EntityAddressAddressLine2" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US">Entity Address, Address Line Two</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="dei_EntityAddressAddressLine3" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine3" xlink:to="dei_EntityAddressAddressLine3_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressAddressLine3_lbl" xml:lang="en-US">Entity Address, Address Line Three</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCityOrTown_lbl" xml:lang="en-US">Entity Address, City or Town</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="dei_EntityAddressStateOrProvince" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressStateOrProvince" xlink:to="dei_EntityAddressStateOrProvince_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressStateOrProvince_lbl" xml:lang="en-US">Entity Address, State or Province</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressCountry_lbl" xml:lang="en-US">Entity Address, Country</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="dei_CountryRegion" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CountryRegion" xlink:to="dei_CountryRegion_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CountryRegion_lbl" xml:lang="en-US">Country Region</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CityAreaCode_lbl" xml:lang="en-US">City Area Code</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LocalPhoneNumber_lbl" xml:lang="en-US">Local Phone Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="dei_Extension" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Extension" xlink:to="dei_Extension_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Extension_lbl" xml:lang="en-US">Extension</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="dei_WrittenCommunications" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_WrittenCommunications" xlink:to="dei_WrittenCommunications_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_WrittenCommunications_lbl" xml:lang="en-US">Written Communications</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="dei_SolicitingMaterial" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SolicitingMaterial" xlink:to="dei_SolicitingMaterial_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SolicitingMaterial_lbl" xml:lang="en-US">Soliciting Material</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="dei_PreCommencementTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementTenderOffer" xlink:to="dei_PreCommencementTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US">Pre-commencement Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="dei_PreCommencementIssuerTenderOffer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US">Pre-commencement Issuer Tender Offer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12bTitle_lbl" xml:lang="en-US">Title of 12(b) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="dei_Security12gTitle" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12gTitle" xlink:to="dei_Security12gTitle_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_Security12gTitle_lbl" xml:lang="en-US">Title of 12(g) Security</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="dei_SecurityReportingObligation" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityReportingObligation" xlink:to="dei_SecurityReportingObligation_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityReportingObligation_lbl" xml:lang="en-US">Security Reporting Obligation</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="dei_AnnualInformationForm" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AnnualInformationForm" xlink:to="dei_AnnualInformationForm_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AnnualInformationForm_lbl" xml:lang="en-US">Annual Information Form</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="dei_AuditedAnnualFinancialStatements" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditedAnnualFinancialStatements" xlink:to="dei_AuditedAnnualFinancialStatements_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditedAnnualFinancialStatements_lbl" xml:lang="en-US">Audited Annual Financial Statements</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="dei_EntitySmallBusiness" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntitySmallBusiness" xlink:to="dei_EntitySmallBusiness_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntitySmallBusiness_lbl" xml:lang="en-US">Entity Small Business</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="dei_EntityExTransitionPeriod" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityExTransitionPeriod" xlink:to="dei_EntityExTransitionPeriod_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityExTransitionPeriod_lbl" xml:lang="en-US">Elected Not To Use the Extended Transition Period</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_OtherReportingStandardItemNumber" xlink:label="dei_OtherReportingStandardItemNumber" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_OtherReportingStandardItemNumber" xlink:to="dei_OtherReportingStandardItemNumber_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_OtherReportingStandardItemNumber_lbl" xml:lang="en-US">Other Reporting Standard Item Number</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="dei_EntityPublicFloat" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityPublicFloat" xlink:to="dei_EntityPublicFloat_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityPublicFloat_lbl" xml:lang="en-US">Entity Public Float</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityBankruptcyProceedingsReportingCurrent" xlink:to="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityBankruptcyProceedingsReportingCurrent_lbl" xml:lang="en-US">Entity Bankruptcy Proceedings, Reporting Current</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock" />
      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentsIncorporatedByReferenceTextBlock" xlink:to="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xlink:type="arc" />
      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentsIncorporatedByReferenceTextBlock_lbl" xml:lang="en-US">Documents Incorporated by Reference [Text Block]</link:label>
    </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>8
<FILENAME>gnus-20230725_pre.xml
<DESCRIPTION>XBRL PRESENTATION FILE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="US-ASCII" standalone="no"?>
    <!-- Field: Doc-Info; Name: Generator; Value: GoFiler Complete; Version: 5.19a -->
    <!-- Field: Doc-Info; Name: VendorURI; Value: https://www.novaworks.com -->
    <!-- Field: Doc-Info; Name: Status; Value: 0x00000000 -->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xbrli="http://www.xbrl.org/2003/instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <link:roleRef roleURI="http://gnusbrands.com/role/Cover" xlink:href="gnus-20230725.xsd#Cover" xlink:type="simple" />
    <link:presentationLink xlink:type="extended" xlink:role="http://gnusbrands.com/role/Cover" xlink:title="00000001 - Document - Cover">
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CoverAbstract" xlink:label="loc_deiCoverAbstract" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentType" xlink:label="loc_deiDocumentType" />
      <link:presentationArc order="0" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentType" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="loc_deiAmendmentFlag" />
      <link:presentationArc order="10" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentDescription" xlink:label="loc_deiAmendmentDescription" />
      <link:presentationArc order="20" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAmendmentDescription" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentRegistrationStatement" xlink:label="loc_deiDocumentRegistrationStatement" />
      <link:presentationArc order="30" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentRegistrationStatement" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAnnualReport" xlink:label="loc_deiDocumentAnnualReport" />
      <link:presentationArc order="40" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAnnualReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_deiDocumentQuarterlyReport" />
      <link:presentationArc order="50" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentQuarterlyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentTransitionReport" xlink:label="loc_deiDocumentTransitionReport" />
      <link:presentationArc order="60" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentTransitionReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyReport" xlink:label="loc_deiDocumentShellCompanyReport" />
      <link:presentationArc order="70" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyReport" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentShellCompanyEventDate" xlink:label="loc_deiDocumentShellCompanyEventDate" />
      <link:presentationArc order="80" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentShellCompanyEventDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodStartDate" xlink:label="loc_deiDocumentPeriodStartDate" />
      <link:presentationArc order="90" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodStartDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_deiDocumentPeriodEndDate" />
      <link:presentationArc order="100" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentPeriodEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_deiDocumentFiscalPeriodFocus" />
      <link:presentationArc order="110" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalPeriodFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_deiDocumentFiscalYearFocus" />
      <link:presentationArc order="120" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentFiscalYearFocus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_deiCurrentFiscalYearEndDate" />
      <link:presentationArc order="130" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCurrentFiscalYearEndDate" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="loc_deiEntityFileNumber" />
      <link:presentationArc order="140" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFileNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="loc_deiEntityRegistrantName" />
      <link:presentationArc order="150" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityRegistrantName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="loc_deiEntityCentralIndexKey" />
      <link:presentationArc order="160" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCentralIndexKey" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPrimarySicNumber" xlink:label="loc_deiEntityPrimarySicNumber" />
      <link:presentationArc order="170" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPrimarySicNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_deiEntityTaxIdentificationNumber" />
      <link:presentationArc order="180" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityTaxIdentificationNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_deiEntityIncorporationStateCountryCode" />
      <link:presentationArc order="190" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityIncorporationStateCountryCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_deiEntityAddressAddressLine1" />
      <link:presentationArc order="200" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine1" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine2" xlink:label="loc_deiEntityAddressAddressLine2" />
      <link:presentationArc order="210" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine2" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="loc_deiEntityAddressAddressLine3" />
      <link:presentationArc order="220" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressAddressLine3" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_deiEntityAddressCityOrTown" />
      <link:presentationArc order="230" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCityOrTown" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_deiEntityAddressStateOrProvince" />
      <link:presentationArc order="240" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressStateOrProvince" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressCountry" xlink:label="loc_deiEntityAddressCountry" />
      <link:presentationArc order="250" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressCountry" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_deiEntityAddressPostalZipCode" />
      <link:presentationArc order="260" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityAddressPostalZipCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CountryRegion" xlink:label="loc_deiCountryRegion" />
      <link:presentationArc order="270" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCountryRegion" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_CityAreaCode" xlink:label="loc_deiCityAreaCode" />
      <link:presentationArc order="280" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiCityAreaCode" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_LocalPhoneNumber" xlink:label="loc_deiLocalPhoneNumber" />
      <link:presentationArc order="290" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiLocalPhoneNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Extension" xlink:label="loc_deiExtension" />
      <link:presentationArc order="300" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiExtension" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="loc_deiWrittenCommunications" />
      <link:presentationArc order="310" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiWrittenCommunications" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="loc_deiSolicitingMaterial" />
      <link:presentationArc order="320" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSolicitingMaterial" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="loc_deiPreCommencementTenderOffer" />
      <link:presentationArc order="330" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="loc_deiPreCommencementIssuerTenderOffer" />
      <link:presentationArc order="340" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiPreCommencementIssuerTenderOffer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="loc_deiSecurity12bTitle" />
      <link:presentationArc order="350" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12bTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_NoTradingSymbolFlag" xlink:label="loc_deiNoTradingSymbolFlag" />
      <link:presentationArc order="360" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiNoTradingSymbolFlag" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_TradingSymbol" xlink:label="loc_deiTradingSymbol" />
      <link:presentationArc order="370" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiTradingSymbol" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityExchangeName" xlink:label="loc_deiSecurityExchangeName" />
      <link:presentationArc order="380" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityExchangeName" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12gTitle" xlink:label="loc_deiSecurity12gTitle" />
      <link:presentationArc order="390" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurity12gTitle" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SecurityReportingObligation" xlink:label="loc_deiSecurityReportingObligation" />
      <link:presentationArc order="400" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiSecurityReportingObligation" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AnnualInformationForm" xlink:label="loc_deiAnnualInformationForm" />
      <link:presentationArc order="410" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAnnualInformationForm" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AuditedAnnualFinancialStatements" xlink:label="loc_deiAuditedAnnualFinancialStatements" />
      <link:presentationArc order="420" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiAuditedAnnualFinancialStatements" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="loc_deiEntityWellKnownSeasonedIssuer" />
      <link:presentationArc order="430" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityWellKnownSeasonedIssuer" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityVoluntaryFilers" xlink:label="loc_deiEntityVoluntaryFilers" />
      <link:presentationArc order="440" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityVoluntaryFilers" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCurrentReportingStatus" xlink:label="loc_deiEntityCurrentReportingStatus" />
      <link:presentationArc order="450" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCurrentReportingStatus" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityInteractiveDataCurrent" xlink:label="loc_deiEntityInteractiveDataCurrent" />
      <link:presentationArc order="460" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityInteractiveDataCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFilerCategory" xlink:label="loc_deiEntityFilerCategory" />
      <link:presentationArc order="470" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityFilerCategory" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntitySmallBusiness" xlink:label="loc_deiEntitySmallBusiness" />
      <link:presentationArc order="480" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntitySmallBusiness" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="loc_deiEntityEmergingGrowthCompany" />
      <link:presentationArc order="490" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityEmergingGrowthCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityExTransitionPeriod" xlink:label="loc_deiEntityExTransitionPeriod" />
      <link:presentationArc order="500" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityExTransitionPeriod" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentAccountingStandard" xlink:label="loc_deiDocumentAccountingStandard" />
      <link:presentationArc order="510" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentAccountingStandard" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_OtherReportingStandardItemNumber" xlink:label="loc_deiOtherReportingStandardItemNumber" />
      <link:presentationArc order="520" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiOtherReportingStandardItemNumber" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityShellCompany" xlink:label="loc_deiEntityShellCompany" />
      <link:presentationArc order="530" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityShellCompany" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityPublicFloat" xlink:label="loc_deiEntityPublicFloat" />
      <link:presentationArc order="540" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityPublicFloat" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityBankruptcyProceedingsReportingCurrent" xlink:label="loc_deiEntityBankruptcyProceedingsReportingCurrent" />
      <link:presentationArc order="550" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityBankruptcyProceedingsReportingCurrent" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_deiEntityCommonStockSharesOutstanding" />
      <link:presentationArc order="560" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiEntityCommonStockSharesOutstanding" xlink:type="arc" />
      <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentsIncorporatedByReferenceTextBlock" xlink:label="loc_deiDocumentsIncorporatedByReferenceTextBlock" />
      <link:presentationArc order="570" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="loc_deiCoverAbstract" xlink:to="loc_deiDocumentsIncorporatedByReferenceTextBlock" xlink:type="arc" />
    </link:presentationLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
							function toggleNextSibling (e) {
							if (e.nextSibling.style.display=='none') {
							e.nextSibling.style.display='block';
							} else { e.nextSibling.style.display='none'; }
							}</script>
</head>
<body>
<span style="display: none;">v3.23.2</span><table class="report" border="0" cellspacing="2" id="idm140710889561792">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Cover<br></strong></div></th>
<th class="th"><div>Jul. 25, 2023</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">S-3<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Kartoon Studios, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0001355848<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">20-4118216<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">NV<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">190 N. Canon Drive, 4th Fl.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Beverly Hills<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">CA<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">90210<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">(310)<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">273-4222<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFilerCategory', window );">Entity Filer Category</a></td>
<td class="text">Non-accelerated Filer<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntitySmallBusiness', window );">Entity Small Business</a></td>
<td class="text">true<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFilerCategory</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:filerCategoryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:edgarStateCountryItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntitySmallBusiness">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicates that the company is a Smaller Reporting Company (SRC).</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntitySmallBusiness</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
</div>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>10
<FILENAME>kartoon_s3_htm.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version="1.0" encoding="utf-8"?>
<xbrl
  xmlns="http://www.xbrl.org/2003/instance"
  xmlns:dei="http://xbrl.sec.gov/dei/2023"
  xmlns:iso4217="http://www.xbrl.org/2003/iso4217"
  xmlns:link="http://www.xbrl.org/2003/linkbase"
  xmlns:xlink="http://www.w3.org/1999/xlink">
    <link:schemaRef xlink:href="gnus-20230725.xsd" xlink:type="simple"/>
    <context id="AsOf2023-07-25">
        <entity>
            <identifier scheme="http://www.sec.gov/CIK">0001355848</identifier>
        </entity>
        <period>
            <startDate>2023-07-25</startDate>
            <endDate>2023-07-25</endDate>
        </period>
    </context>
    <unit id="USD">
        <measure>iso4217:USD</measure>
    </unit>
    <unit id="Shares">
        <measure>shares</measure>
    </unit>
    <unit id="USDPShares">
        <divide>
            <unitNumerator>
                <measure>iso4217:USD</measure>
            </unitNumerator>
            <unitDenominator>
                <measure>shares</measure>
            </unitDenominator>
        </divide>
    </unit>
    <dei:EntityCentralIndexKey contextRef="AsOf2023-07-25">0001355848</dei:EntityCentralIndexKey>
    <dei:AmendmentFlag contextRef="AsOf2023-07-25">false</dei:AmendmentFlag>
    <dei:DocumentType contextRef="AsOf2023-07-25">S-3</dei:DocumentType>
    <dei:EntityRegistrantName contextRef="AsOf2023-07-25">Kartoon Studios, Inc.</dei:EntityRegistrantName>
    <dei:EntityIncorporationStateCountryCode contextRef="AsOf2023-07-25">NV</dei:EntityIncorporationStateCountryCode>
    <dei:EntityTaxIdentificationNumber contextRef="AsOf2023-07-25">20-4118216</dei:EntityTaxIdentificationNumber>
    <dei:EntityAddressAddressLine1 contextRef="AsOf2023-07-25">190 N. Canon Drive, 4th Fl.</dei:EntityAddressAddressLine1>
    <dei:EntityAddressCityOrTown contextRef="AsOf2023-07-25">Beverly Hills</dei:EntityAddressCityOrTown>
    <dei:EntityAddressStateOrProvince contextRef="AsOf2023-07-25">CA</dei:EntityAddressStateOrProvince>
    <dei:EntityAddressPostalZipCode contextRef="AsOf2023-07-25">90210</dei:EntityAddressPostalZipCode>
    <dei:CityAreaCode contextRef="AsOf2023-07-25">(310)</dei:CityAreaCode>
    <dei:LocalPhoneNumber contextRef="AsOf2023-07-25">273-4222</dei:LocalPhoneNumber>
    <dei:EntityFilerCategory contextRef="AsOf2023-07-25">Non-accelerated Filer</dei:EntityFilerCategory>
    <dei:EntitySmallBusiness contextRef="AsOf2023-07-25">true</dei:EntitySmallBusiness>
    <dei:EntityEmergingGrowthCompany contextRef="AsOf2023-07-25">false</dei:EntityEmergingGrowthCompany>
</xbrl>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>11
<FILENAME>Financial_Report.xlsx
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 Financial_Report.xlsx
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M=]W3CHG&K=!X#;[Q3X?#KHG&J]!TZVDF)_VN:Z3I%FA"1N/K>A(5M>5 TR
M6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D 4. #?$
MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7<K_WUE[O)I#-ZG7TZSFN4
M?VFK :?MNYO/D_QSZ.2?IY/734+.<+PL"?'[(UMAAR=N.Q-R.AQG0GS/]O:1
MI24RS^_Y"NM./&<?5I:P7<_/Y)Z,<B.[W?98??9/1VXCUZG LR+7E$8D19_(
M+;KD$3BU20TR$S\(G8:8:E < J0),9:AAOBTQJP1X!-]M[X(R-^-B/>K;YH]
M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J-2S%UGB5P/&M
MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZ<TT#PE"\D^DJ1CVFS(Z=T)LWH
M,QK!1J\;=8=HTCQZ_@7YG#4*')$;'0)G&[-&(81IN_ >KR2.FJW"$2M"/F(9
M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+
MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T
M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+
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MU4#E/]O4#6CV#30<D05>,9FV-J/D3@H\W/[O#;#"Q([A[8N_ 5!+ P04
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M<F]P<R]A<' N>&UL4$L! A0#%     @  ([Y5GV(=B[O    *P(  !$
M         ( !KP   &1O8U!R;W!S+V-O<F4N>&UL4$L! A0#%     @  ([Y
M5IE<G",0!@  G"<  !,              ( !S0$  'AL+W1H96UE+W1H96UE
M,2YX;6Q02P$"% ,4    "   COE6]6[GC(P#  !;#   &
M@($."   >&PO=V]R:W-H965T<R]S:&5E=#$N>&UL4$L! A0#%     @  ([Y
M5I^@&_"Q @  X@P   T              ( !T L  'AL+W-T>6QE<RYX;6Q0
M2P$"% ,4    "   COE6EXJ[',     3 @  "P              @ &L#@
M7W)E;',O+G)E;'-02P$"% ,4    "   COE6JL0B%C,!   B @  #P
M        @ &5#P  >&PO=V]R:V)O;VLN>&UL4$L! A0#%     @  ([Y5B0>
MFZ*M    ^ $  !H              ( !]1   'AL+U]R96QS+W=O<FMB;V]K
M+GAM;"YR96QS4$L! A0#%     @  ([Y5F60>9(9 0  SP,  !,
M     ( !VA$  %M#;VYT96YT7U1Y<&5S72YX;6Q02P4&      D "0 ^ @
&)!,

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>12
<FILENAME>Show.js
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
// Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission.  Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105.
var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0);
e.removeAttribute('id');a.parentNode.appendChild(e)}}
if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'}
e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>13
<FILENAME>report.css
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
/* Updated 2009-11-04 */
/* v2.2.0.24 */

/* DefRef Styles */
..report table.authRefData{
	background-color: #def;
	border: 2px solid #2F4497;
	font-size: 1em;
	position: absolute;
}

..report table.authRefData a {
	display: block;
	font-weight: bold;
}

..report table.authRefData p {
	margin-top: 0px;
}

..report table.authRefData .hide {
	background-color: #2F4497;
	padding: 1px 3px 0px 0px;
	text-align: right;
}

..report table.authRefData .hide a:hover {
	background-color: #2F4497;
}

..report table.authRefData .body {
	height: 150px;
	overflow: auto;
	width: 400px;
}

..report table.authRefData table{
	font-size: 1em;
}

/* Report Styles */
..pl a, .pl a:visited {
	color: black;
	text-decoration: none;
}

/* table */
..report {
	background-color: white;
	border: 2px solid #acf;
	clear: both;
	color: black;
	font: normal 8pt Helvetica, Arial, san-serif;
	margin-bottom: 2em;
}

..report hr {
	border: 1px solid #acf;
}

/* Top labels */
..report th {
	background-color: #acf;
	color: black;
	font-weight: bold;
	text-align: center;
}

..report th.void	{
	background-color: transparent;
	color: #000000;
	font: bold 10pt Helvetica, Arial, san-serif;
	text-align: left;
}

..report .pl {
	text-align: left;
	vertical-align: top;
	white-space: normal;
	width: 200px;
	white-space: normal; /* word-wrap: break-word; */
}

..report td.pl a.a {
	cursor: pointer;
	display: block;
	width: 200px;
	overflow: hidden;
}

..report td.pl div.a {
	width: 200px;
}

..report td.pl a:hover {
	background-color: #ffc;
}

/* Header rows... */
..report tr.rh {
	background-color: #acf;
	color: black;
	font-weight: bold;
}

/* Calendars... */
..report .rc {
	background-color: #f0f0f0;
}

/* Even rows... */
..report .re, .report .reu {
	background-color: #def;
}

..report .reu td {
	border-bottom: 1px solid black;
}

/* Odd rows... */
..report .ro, .report .rou {
	background-color: white;
}

..report .rou td {
	border-bottom: 1px solid black;
}

..report .rou table td, .report .reu table td {
	border-bottom: 0px solid black;
}

/* styles for footnote marker */
..report .fn {
	white-space: nowrap;
}

/* styles for numeric types */
..report .num, .report .nump {
	text-align: right;
	white-space: nowrap;
}

..report .nump {
	padding-left: 2em;
}

..report .nump {
	padding: 0px 0.4em 0px 2em;
}

/* styles for text types */
..report .text {
	text-align: left;
	white-space: normal;
}

..report .text .big {
	margin-bottom: 1em;
	width: 17em;
}

..report .text .more {
	display: none;
}

..report .text .note {
	font-style: italic;
	font-weight: bold;
}

..report .text .small {
	width: 10em;
}

..report sup {
	font-style: italic;
}

..report .outerFootnotes {
	font-size: 1em;
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>XML
<SEQUENCE>14
<FILENAME>FilingSummary.xml
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<XML>
<?xml version='1.0' encoding='utf-8'?>
<FilingSummary>
  <Version>3.23.2</Version>
  <ProcessingTime/>
  <ReportFormat>html</ReportFormat>
  <ContextCount>1</ContextCount>
  <ElementCount>15</ElementCount>
  <EntityCount>1</EntityCount>
  <FootnotesReported>false</FootnotesReported>
  <SegmentCount>0</SegmentCount>
  <ScenarioCount>0</ScenarioCount>
  <TuplesReported>false</TuplesReported>
  <UnitCount>3</UnitCount>
  <MyReports>
    <Report instance="kartoon_s3.htm">
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <HtmlFileName>R1.htm</HtmlFileName>
      <LongName>00000001 - Document - Cover</LongName>
      <ReportType>Sheet</ReportType>
      <Role>http://gnusbrands.com/role/Cover</Role>
      <ShortName>Cover</ShortName>
      <MenuCategory>Cover</MenuCategory>
      <Position>1</Position>
    </Report>
    <Report>
      <IsDefault>false</IsDefault>
      <HasEmbeddedReports>false</HasEmbeddedReports>
      <LongName>All Reports</LongName>
      <ReportType>Book</ReportType>
      <ShortName>All Reports</ShortName>
    </Report>
  </MyReports>
  <InputFiles>
    <File doctype="S-3" original="kartoon_s3.htm">kartoon_s3.htm</File>
    <File>gnus-20230725.xsd</File>
    <File>gnus-20230725_lab.xml</File>
    <File>gnus-20230725_pre.xml</File>
    <File>kartoon_ex0306.htm</File>
    <File>kartoon_ex0501.htm</File>
    <File>kartoon_ex107.htm</File>
    <File>kartoon_ex2301.htm</File>
  </InputFiles>
  <SupplementalFiles/>
  <BaseTaxonomies>
    <BaseTaxonomy items="15">http://xbrl.sec.gov/dei/2023</BaseTaxonomy>
  </BaseTaxonomies>
  <HasPresentationLinkbase>true</HasPresentationLinkbase>
  <HasCalculationLinkbase>false</HasCalculationLinkbase>
</FilingSummary>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>JSON
<SEQUENCE>16
<FILENAME>MetaLinks.json
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
{
 "instance": {
  "kartoon_s3.htm": {
   "axisCustom": 0,
   "axisStandard": 0,
   "baseTaxonomies": {
    "http://xbrl.sec.gov/dei/2023": 15
   },
   "contextCount": 1,
   "dts": {
    "inline": {
     "local": [
      "kartoon_s3.htm"
     ]
    },
    "labelLink": {
     "local": [
      "gnus-20230725_lab.xml"
     ]
    },
    "presentationLink": {
     "local": [
      "gnus-20230725_pre.xml"
     ]
    },
    "schema": {
     "local": [
      "gnus-20230725.xsd"
     ],
     "remote": [
      "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xl-2003-12-31.xsd",
      "http://www.xbrl.org/2003/xlink-2003-12-31.xsd",
      "http://www.xbrl.org/2005/xbrldt-2005.xsd",
      "http://www.xbrl.org/2006/ref-2006-02-27.xsd",
      "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd",
      "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd",
      "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd",
      "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd",
      "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd",
      "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd",
      "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd",
      "https://xbrl.sec.gov/country/2023/country-2023.xsd",
      "https://xbrl.sec.gov/dei/2023/dei-2023.xsd"
     ]
    }
   },
   "elementCount": 59,
   "entityCount": 1,
   "hidden": {
    "http://xbrl.sec.gov/dei/2023": 2,
    "total": 2
   },
   "keyCustom": 0,
   "keyStandard": 15,
   "memberCustom": 0,
   "memberStandard": 0,
   "nsprefix": "GNUS",
   "nsuri": "http://gnusbrands.com/20230725",
   "report": {
    "R1": {
     "firstAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "kartoon_s3.htm",
      "contextRef": "AsOf2023-07-25",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     },
     "groupType": "document",
     "isDefault": "true",
     "longName": "00000001 - Document - Cover",
     "menuCat": "Cover",
     "order": "1",
     "role": "http://gnusbrands.com/role/Cover",
     "shortName": "Cover",
     "subGroupType": "",
     "uniqueAnchor": {
      "ancestors": [
       "span",
       "b",
       "p",
       "body",
       "html"
      ],
      "baseRef": "kartoon_s3.htm",
      "contextRef": "AsOf2023-07-25",
      "decimals": null,
      "first": true,
      "lang": "en-US",
      "name": "dei:DocumentType",
      "reportCount": 1,
      "unique": true,
      "unitRef": null,
      "xsiNil": "false"
     }
    }
   },
   "segmentCount": 0,
   "tag": {
    "dei_AmendmentDescription": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Description of changes contained within amended document.",
        "label": "Amendment Description"
       }
      }
     },
     "localname": "AmendmentDescription",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "stringItemType"
    },
    "dei_AmendmentFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.",
        "label": "Amendment Flag"
       }
      }
     },
     "localname": "AmendmentFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AnnualInformationForm": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form.",
        "label": "Annual Information Form"
       }
      }
     },
     "localname": "AnnualInformationForm",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_AuditedAnnualFinancialStatements": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements.",
        "label": "Audited Annual Financial Statements"
       }
      }
     },
     "localname": "AuditedAnnualFinancialStatements",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_CityAreaCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Area code of city",
        "label": "City Area Code"
       }
      }
     },
     "localname": "CityAreaCode",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CountryRegion": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Region code of country",
        "label": "Country Region"
       }
      }
     },
     "localname": "CountryRegion",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_CoverAbstract": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Cover page.",
        "label": "Cover [Abstract]"
       }
      }
     },
     "localname": "CoverAbstract",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "xbrltype": "stringItemType"
    },
    "dei_CurrentFiscalYearEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "End date of current fiscal year in the format --MM-DD.",
        "label": "Current Fiscal Year End Date"
       }
      }
     },
     "localname": "CurrentFiscalYearEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "gMonthDayItemType"
    },
    "dei_DocumentAccountingStandard": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'.",
        "label": "Document Accounting Standard"
       }
      }
     },
     "localname": "DocumentAccountingStandard",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "accountingStandardItemType"
    },
    "dei_DocumentAnnualReport": {
     "auth_ref": [
      "r11",
      "r13",
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an annual report.",
        "label": "Document Annual Report"
       }
      }
     },
     "localname": "DocumentAnnualReport",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentFiscalPeriodFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Fiscal period values are FY, Q1, Q2, and Q3.  1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.",
        "label": "Document Fiscal Period Focus"
       }
      }
     },
     "localname": "DocumentFiscalPeriodFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "fiscalPeriodItemType"
    },
    "dei_DocumentFiscalYearFocus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.",
        "label": "Document Fiscal Year Focus"
       }
      }
     },
     "localname": "DocumentFiscalYearFocus",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "gYearItemType"
    },
    "dei_DocumentPeriodEndDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.",
        "label": "Document Period End Date"
       }
      }
     },
     "localname": "DocumentPeriodEndDate",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentPeriodStartDate": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format.",
        "label": "Document Period Start Date"
       }
      }
     },
     "localname": "DocumentPeriodStartDate",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentQuarterlyReport": {
     "auth_ref": [
      "r12"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as an quarterly report.",
        "label": "Document Quarterly Report"
       }
      }
     },
     "localname": "DocumentQuarterlyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentRegistrationStatement": {
     "auth_ref": [
      "r0"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a registration statement.",
        "label": "Document Registration Statement"
       }
      }
     },
     "localname": "DocumentRegistrationStatement",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentShellCompanyEventDate": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Date of event requiring a shell company report.",
        "label": "Document Shell Company Event Date"
       }
      }
     },
     "localname": "DocumentShellCompanyEventDate",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "dateItemType"
    },
    "dei_DocumentShellCompanyReport": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act.",
        "label": "Document Shell Company Report"
       }
      }
     },
     "localname": "DocumentShellCompanyReport",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentTransitionReport": {
     "auth_ref": [
      "r15"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a form used as a transition report.",
        "label": "Document Transition Report"
       }
      }
     },
     "localname": "DocumentTransitionReport",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_DocumentType": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.",
        "label": "Document Type"
       }
      }
     },
     "localname": "DocumentType",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "submissionTypeItemType"
    },
    "dei_DocumentsIncorporatedByReferenceTextBlock": {
     "auth_ref": [
      "r3"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Documents incorporated by reference.",
        "label": "Documents Incorporated by Reference [Text Block]"
       }
      }
     },
     "localname": "DocumentsIncorporatedByReferenceTextBlock",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "textBlockItemType"
    },
    "dei_EntityAddressAddressLine1": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 1 such as Attn, Building Name, Street Name",
        "label": "Entity Address, Address Line One"
       }
      }
     },
     "localname": "EntityAddressAddressLine1",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine2": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 2 such as Street or Suite number",
        "label": "Entity Address, Address Line Two"
       }
      }
     },
     "localname": "EntityAddressAddressLine2",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressAddressLine3": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Address Line 3 such as an Office Park",
        "label": "Entity Address, Address Line Three"
       }
      }
     },
     "localname": "EntityAddressAddressLine3",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCityOrTown": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the City or Town",
        "label": "Entity Address, City or Town"
       }
      }
     },
     "localname": "EntityAddressCityOrTown",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressCountry": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "ISO 3166-1 alpha-2 country code.",
        "label": "Entity Address, Country"
       }
      }
     },
     "localname": "EntityAddressCountry",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "countryCodeItemType"
    },
    "dei_EntityAddressPostalZipCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Code for the postal or zip code",
        "label": "Entity Address, Postal Zip Code"
       }
      }
     },
     "localname": "EntityAddressPostalZipCode",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityAddressStateOrProvince": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the state or province.",
        "label": "Entity Address, State or Province"
       }
      }
     },
     "localname": "EntityAddressStateOrProvince",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "stateOrProvinceItemType"
    },
    "dei_EntityBankruptcyProceedingsReportingCurrent": {
     "auth_ref": [
      "r6"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not.  Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element.",
        "label": "Entity Bankruptcy Proceedings, Reporting Current"
       }
      }
     },
     "localname": "EntityBankruptcyProceedingsReportingCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityCentralIndexKey": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.",
        "label": "Entity Central Index Key"
       }
      }
     },
     "localname": "EntityCentralIndexKey",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "centralIndexKeyItemType"
    },
    "dei_EntityCommonStockSharesOutstanding": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.",
        "label": "Entity Common Stock, Shares Outstanding"
       }
      }
     },
     "localname": "EntityCommonStockSharesOutstanding",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "sharesItemType"
    },
    "dei_EntityCurrentReportingStatus": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Current Reporting Status"
       }
      }
     },
     "localname": "EntityCurrentReportingStatus",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityEmergingGrowthCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if registrant meets the emerging growth company criteria.",
        "label": "Entity Emerging Growth Company"
       }
      }
     },
     "localname": "EntityEmergingGrowthCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityExTransitionPeriod": {
     "auth_ref": [
      "r19"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.",
        "label": "Elected Not To Use the Extended Transition Period"
       }
      }
     },
     "localname": "EntityExTransitionPeriod",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityFileNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.",
        "label": "Entity File Number"
       }
      }
     },
     "localname": "EntityFileNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "fileNumberItemType"
    },
    "dei_EntityFilerCategory": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.",
        "label": "Entity Filer Category"
       }
      }
     },
     "localname": "EntityFilerCategory",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "filerCategoryItemType"
    },
    "dei_EntityIncorporationStateCountryCode": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Two-character EDGAR code representing the state or country of incorporation.",
        "label": "Entity Incorporation, State or Country Code"
       }
      }
     },
     "localname": "EntityIncorporationStateCountryCode",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "edgarStateCountryItemType"
    },
    "dei_EntityInteractiveDataCurrent": {
     "auth_ref": [
      "r16"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).",
        "label": "Entity Interactive Data Current"
       }
      }
     },
     "localname": "EntityInteractiveDataCurrent",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityPrimarySicNumber": {
     "auth_ref": [
      "r14"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity.",
        "label": "Entity Primary SIC Number"
       }
      }
     },
     "localname": "EntityPrimarySicNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "sicNumberItemType"
    },
    "dei_EntityPublicFloat": {
     "auth_ref": [],
     "crdr": "credit",
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter.",
        "label": "Entity Public Float"
       }
      }
     },
     "localname": "EntityPublicFloat",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "monetaryItemType"
    },
    "dei_EntityRegistrantName": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.",
        "label": "Entity Registrant Name"
       }
      }
     },
     "localname": "EntityRegistrantName",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_EntityShellCompany": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.",
        "label": "Entity Shell Company"
       }
      }
     },
     "localname": "EntityShellCompany",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntitySmallBusiness": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicates that the company is a Smaller Reporting Company (SRC).",
        "label": "Entity Small Business"
       }
      }
     },
     "localname": "EntitySmallBusiness",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_EntityTaxIdentificationNumber": {
     "auth_ref": [
      "r2"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.",
        "label": "Entity Tax Identification Number"
       }
      }
     },
     "localname": "EntityTaxIdentificationNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "employerIdItemType"
    },
    "dei_EntityVoluntaryFilers": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.",
        "label": "Entity Voluntary Filers"
       }
      }
     },
     "localname": "EntityVoluntaryFilers",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_EntityWellKnownSeasonedIssuer": {
     "auth_ref": [
      "r17"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.",
        "label": "Entity Well-known Seasoned Issuer"
       }
      }
     },
     "localname": "EntityWellKnownSeasonedIssuer",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "yesNoItemType"
    },
    "dei_Extension": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Extension number for local phone number.",
        "label": "Extension"
       }
      }
     },
     "localname": "Extension",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_LocalPhoneNumber": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Local phone number for entity.",
        "label": "Local Phone Number"
       }
      }
     },
     "localname": "LocalPhoneNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "normalizedStringItemType"
    },
    "dei_NoTradingSymbolFlag": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true only for a security having no trading symbol.",
        "label": "No Trading Symbol Flag"
       }
      }
     },
     "localname": "NoTradingSymbolFlag",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "trueItemType"
    },
    "dei_OtherReportingStandardItemNumber": {
     "auth_ref": [
      "r13"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS.",
        "label": "Other Reporting Standard Item Number"
       }
      }
     },
     "localname": "OtherReportingStandardItemNumber",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "otherReportingStandardItemNumberItemType"
    },
    "dei_PreCommencementIssuerTenderOffer": {
     "auth_ref": [
      "r7"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.",
        "label": "Pre-commencement Issuer Tender Offer"
       }
      }
     },
     "localname": "PreCommencementIssuerTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_PreCommencementTenderOffer": {
     "auth_ref": [
      "r8"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.",
        "label": "Pre-commencement Tender Offer"
       }
      }
     },
     "localname": "PreCommencementTenderOffer",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_Security12bTitle": {
     "auth_ref": [
      "r1"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(b) registered security.",
        "label": "Title of 12(b) Security"
       }
      }
     },
     "localname": "Security12bTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_Security12gTitle": {
     "auth_ref": [
      "r5"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Title of a 12(g) registered security.",
        "label": "Title of 12(g) Security"
       }
      }
     },
     "localname": "Security12gTitle",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "securityTitleItemType"
    },
    "dei_SecurityExchangeName": {
     "auth_ref": [
      "r4"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Name of the Exchange on which a security is registered.",
        "label": "Security Exchange Name"
       }
      }
     },
     "localname": "SecurityExchangeName",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "edgarExchangeCodeItemType"
    },
    "dei_SecurityReportingObligation": {
     "auth_ref": [
      "r9"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act.",
        "label": "Security Reporting Obligation"
       }
      }
     },
     "localname": "SecurityReportingObligation",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "securityReportingObligationItemType"
    },
    "dei_SolicitingMaterial": {
     "auth_ref": [
      "r10"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.",
        "label": "Soliciting Material"
       }
      }
     },
     "localname": "SolicitingMaterial",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    },
    "dei_TradingSymbol": {
     "auth_ref": [],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Trading symbol of an instrument as listed on an exchange.",
        "label": "Trading Symbol"
       }
      }
     },
     "localname": "TradingSymbol",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "tradingSymbolItemType"
    },
    "dei_WrittenCommunications": {
     "auth_ref": [
      "r18"
     ],
     "lang": {
      "en-us": {
       "role": {
        "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.",
        "label": "Written Communications"
       }
      }
     },
     "localname": "WrittenCommunications",
     "nsuri": "http://xbrl.sec.gov/dei/2023",
     "presentation": [
      "http://gnusbrands.com/role/Cover"
     ],
     "xbrltype": "booleanItemType"
    }
   },
   "unitCount": 3
  }
 },
 "std_ref": {
  "r0": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r1": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r10": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14a",
   "Subsection": "12",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r11": {
   "Name": "Form 10-K",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "310",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r12": {
   "Name": "Form 10-Q",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "308",
   "Subsection": "a",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r13": {
   "Name": "Form 20-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "220",
   "Subsection": "f",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r14": {
   "Name": "Form 40-F",
   "Number": "249",
   "Publisher": "SEC",
   "Section": "240",
   "Subsection": "f",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r15": {
   "Name": "Forms 10-K, 10-Q, 20-F",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13",
   "Subsection": "a-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r16": {
   "Name": "Regulation S-T",
   "Number": "232",
   "Publisher": "SEC",
   "Section": "405",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r17": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "405",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r18": {
   "Name": "Securities Act",
   "Number": "230",
   "Publisher": "SEC",
   "Section": "425",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r19": {
   "Name": "Securities Act",
   "Number": "7A",
   "Publisher": "SEC",
   "Section": "B",
   "Subsection": "2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r2": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-2",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r3": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "b-23",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r4": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "d1-1",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r5": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12",
   "Subsection": "g",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r6": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "12, 13, 15d",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r7": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "13e",
   "Subsection": "4c",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r8": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "14d",
   "Subsection": "2b",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  },
  "r9": {
   "Name": "Exchange Act",
   "Number": "240",
   "Publisher": "SEC",
   "Section": "15",
   "Subsection": "d",
   "role": "http://www.xbrl.org/2003/role/presentationRef"
  }
 },
 "version": "2.2"
}
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>ZIP
<SEQUENCE>17
<FILENAME>0001683168-23-005077-xbrl.zip
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
begin 644 0001683168-23-005077-xbrl.zip
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M,TS_G3QWGHC;Q5[PL!JV0M)0AH>*S5X?,$4,DD$^3JQ+7-4-#>NK9$:YNU>
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M2.+/^WOR0(1Z[V!)=MEGN:.GCC., ;&NS]X&-\<\F>L-# +"M[J%3O525*\
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MDEYFD:WO1"& ^@O3K.-> $>+NQ%*3+C[CASJJE<8B.*^>B"Y9!_*CB9!2S1
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M/M?QM'_]DB^U?-(JKG?]DH]?OKW?^%A!BC-:#+#69(^ZB>7VN.^KH\E>)_]
ML^A48@3J-LXZ<)7-I_T1O&3OA?@;D=HE'6G_#.5:@H=L"5KJT#F*6CQ$W3'R
M/%"SJXW>*8CA%AX,CDP;_+ALL9R7MTP9Y[T-3#0)A\!%6EVF.05! WL:_:G5
MG-GTW!=H^(S53G 6/K(NP@NA[3)GHU@JN-8Y)[1MN4ZM-.R,^$F.KU[@M%^7
M<P=1#* 0I6-/R@GP3500)"53"PZ]<\;A??Y[/]SO081L,EE5%<>+/-,D)]QO
MLODULC/ DE_5CD:RYUCQ[)&))X_\4/F(BGRLCU24KW'O7TA 6*\6"X%Y!&^/
M(9-5S5U5.5BBK^TV?:N$*-S]K%*<%0&64Y1@4\;:W888E[CMN:@C0R%MYF<Y
M"O>":IN\HKQ(+=P\V(C#/W\=@2V<A%$#_FX>S$UX;&.L0G>RV)+ F*(5":#4
M_2Y'6$>UN4P$AF6$_G9==.4]D@P=4&TM63&.A-%B]:893-.9W9V.O]>/;XHW
MJ_$@3<$1>]5LWR7F4I>XXW!GPHE=H2ODYAAUTC7W,A;YA6E^BR.99ND<_TNP
MF(I,B(NT>#M EC"!F)*8JM0X)M.KDO5P-U=5SA$RPWFB# \"$A=F$V[CJ%CE
M*C08/5 E=KI8Y,HE3EG>%FVF9QL*ZFC33B9JB[(\V_;<31 Z_[A'Z'Q^A,X_
M[A$ZW\!VDGXT/DN<(W<VJFXY1M! DU1GBT;3M2*X(%/7G-UM'"FEF0-&9#"?
M9FTJ^,! @.^,@=(N9XL]A +;] BNH9":NEQ9\/VYV,1@Q;U^O$O4N1M@0C*>
M47>@%9QH#XGF:B.R-/4>H9WH?L])#M ]*XXE.3M)WJ@&FT)*M,BDW-UA5GTS
MM].L801RA&F_CRP_B7#EO[<M3E[6IS3&/S*N@95^46.\KXS>+U2[X$Y-7+,#
MMNC(C7<N4K40<56^?,<J0DV\9\>J:*"[KT]5LF4$^9OU08JX?!_1J4KWWSV#
MNRWL^[G+X-[7-O0#"=PWC=1$BL@_-X][;&C$]!N)&$3JA#;C=-^CPWP=RO/A
MQ7</(RC/W1T,.70[QWI'==_C:#Z.,#[IY8OOU))_0J[XI L=WA;Z>'GRL$-B
M[/"W)(>R(SLSIUM2.-*"]5PG,+XE%O_V;4$0%HRM(#/QGC8*).*7QH6TN&-C
MH<6[FU*XJ2E$:\T()JH-NTFK:<UM9\" 2RY+UP>)CTY)UJ8*XK']0=A0;:IR
M'CO3\7!.,;&5S>6!II6*:X"&)'OH--BV:#EAZ>I)7JZ<M6 O,VU+R/!WG'W<
M48\5:PIOEBF' LZ7$(GSQL\KE]SZ;I%2A3;H':3M%]PY,09JWST,SBOA%LP/
MPD*INO3RDF)Z#M^@]'BUG(X,H6[LU#-[@D[,P"9".D_@]C(2)QPXI*)MH92Q
M?F*)-.T%G/0XSC8B0T!X73:_18\".2OIA! M6@^L'V6"_5+J^%92.G+8\Q.O
M7>.SV)L26$-?U09*A6([V&]2MVXQ[Q$MI42$H1AU8Y+.DS!Q;1(3*M1<-EP*
M8*&"[5@WH62Z$ON)X(-PG@0-WNZ"#W; C.^#)SQ(G&[KS*AP7[3T5E<%WK$<
M6)T[E:2=QH[G==EW26=>M^6L>9]6)1NF4+KUL9^F9PG;_39U]8E[EOSLQ>S.
MGB52OMSNKO'E>Y9HCQ+7M*0SL5^J9TD($&PU _G"/4N")IE?LV<)4R'8IB6:
MZ/[R/4L<[V5(J7G?L^33*-&/[EFREIPMQO8FE7P;]/WXF5J2(%JGW9.D#%BQ
MWJLG2> EMWN2K$FLTVS<.>)/T*FD);<:]@T"K+I![R9B"\Q"A=[<MR[YAI^[
M2<+WG_<)W\^?\/WG?<+W&]A.U+JD8W/GAO<-3P8, PCD:8ET<\I;^:'.!T9!
M+0%>4!MRZS-O@:M,]N.=_(L'=Q&?1^DEXK2<\=?;W;GK_0;Q"NL[2= CXUS#
M@2Y!OM;9>8 &SY7XTVN\*>^TIUR?1O/$Y4CMY8$?*8\T!9H4[NV(,UW%38S1
MH8T^C!))]R[G]IQL2-K?3?]X^Q3<2@DO=XBU(AD?P[HE&%"4Y"J;4[54E6'F
MC9%T5/[ (<4BNZEMGPRZ<EI.5K)P'"9$?JYYO'FU2YZ#K[JJ&&V()IY;4NJJ
M0C'#&)2S3AX\&H \X+,?_(@AD,@FV Z1:)-N_^,@.3PY/GIS>(ZLVUO+L/U*
M M%M';6[8_H]H3^%$:AKYH\D(;U*<RQ+%*FV'YDF/369,.X21"6-7&3EA+VS
M07"+Z$\,SV%XR]<\-&H<-6M]XL:?^IRHZ1R3^ 83\8?NVX&YVT:'DB:_XP9W
M/[)7ZL\$(B3[SV.C-7E!MYGHK"(^ZY*[<<JK]M%M=Q\C9?U\ RY/MK>>8$J8
M/N2N4%T2X!:8@SM]MJF@4@X8UOJQ*W@P#.B:^/$7=V2# @1.ED(_'1,Q<)C#
M-#5:"ROE3^V'MZ[<#HWF^&S/H^(1)?:@*9V6RX9)410)QS)386,.K)N_E/I5
M/FLH1S<EA+P&!"5FX\I5^LS0"&@,EBW7S8DV$ZXPF#T5005,_50L\4:C-#V)
M6J/C6^,K=FX<ULZXJB8>TL6M4'I3?FJ!NP(SLZO"-LH+]@<_]]VM?D#AE:O;
M&OU,8G8F7$_0R<<QI&ME[+N&%1+!#NN&8I<^3W/W6F#B#5=RO8IH[Z]UR^4[
M([#@,$$%1916L!B5*_H7OLZ-1\I)V6E)&I#3KAAS2ZE[#@WQK]7T4KE'N61.
MQDQ\%EFPEBJ$0GAG9#%06F<]@Z.<K(YMH("KN^>2,IFF_Z/\L$=Y#>Y.(_,Y
M(&RO3QRD"+P"\%WR^LIRL5Z"PYA2Q0@&1+CX0[VI5I3^*:.&Z,UC^W>1@CZ5
M$D.Z6PSW1T=".LNT5KZL,Y7JIX+X\:]24X]R3FY3L#/E8+G=9;K0!B#85A6*
M8XQW[T3PP KSS2R*_R-)'=P]3=ZL<.DDH\Q<$NUD9^U[?UQ8=JBGC I"*'*5
M"]D-@R.KVTYPU65RB']MEK_+ID8G,@FNS0T\Y<P5XOW,=&EVA&X" RJ5R%\;
M,DI2?+'0 C!3ANE;<LFV,LHDY+RR8KR[8\Z%Z@[![3$)P^!P*\U"Y;P]'519
M%-&_3:MYGN);D<'@!'.;SNL)G]<]LZ]FM](LM_?FC;:_6H+BD&8&&!KA5@NR
M%FC73;E/:OORG,4?%&>A&XCJ&@^2,3:P32R],]B6BO'S3XS$.ZB*7>[HQF=@
M@D31%3Z.!\<90O236^S3@1X?XJ83SC8: MV"DTFT>6!).LV^)'W':!._I82$
MAW8G<@9Q0PN0V6RY75D.# 507.\Z5>?$&P9TO(3=E=:9%]857.-/J=\@!CW"
MNTJAD<\+"L"QT>JZ<W \;M+$SJ=%^C8+>PHC\%FT[D%R8FX>'@*RY,:_0CMJ
MWB"^K@E&0D&ZY3R=9$Q$X+XBK(WKCI=2B)0VC_\%BI^_9ZU')QHBZ91[<.)6
ME(-0WC'M,\Q"*Z[M:&TVK]&IW*2[H[F'S)V6]R.O%]$99++A+FV8U38*3494
M^J1W&FB@E[(E^ I.'6"4[0HDVCNR[BKG.C(%S4#>NP%)$'P(K"@:2V4*YPZL
M3W,U6\TYN,YP#O8VE<%F9E>4[&XR ))\0:>M[Y;*1YJ!9EY8[HG.^# R0#R2
M[#?[AYC&8V8<H44)4\Z !O=NB9\/KP*Y\Y7J6O+C<^G;E!%IC[3>E&V"&#"F
M7G'W"1%[= =\&M<-Z;M)4;L8Z[K^+1'9(JVY;<_=)#?\X(?[Y/#G3PX_^.$^
M._S_RH9RZ_S\Y/A<[TP_($ -0CN?P(D'%@FBV?[VJZM&&H_'OWR/%_V:_!T\
MZ?KJ:7(T/AT=GI^<GGWFL?XO2,@<),=O7CT;G2;#XZ/D?'3Z"EL^6?25YIF[
MG7\OM%Q"\F^18*A _B5A3!$W_$'8PPF9D[($V],ZVB)LXX2L0MKL")O])'O_
MW+?$1F@/%EDV]:XQIP&<+40=M6@\V9Q*) C-M3Y2RM9#]@ZM-N;C)\//#\P6
M5.5%OE@MQ#)^1_^V\89.U:5O(X5F*6D2-Y,2U2"^2@Q0H-&#_[41!1J*GUR;
M>4QM6-D$U<"Z3?_B&**\+-:?5G&W@E=+VA H47_>" =GABVGDKV?]@^H/[(T
MU@LZCCI<-,UJ:/Z,BXF-+9'_[-H]:Y^+ZCJ3#H]4&:CL6H4'QY:V?1:(2$]0
MM<#2\["I4[LTOK$%*6XD"#84$L:##N@RR"&UWD%C"#@",=:3%<SU/'R LZ?A
M4X2AAQ8JM<:E@)N,@81+./P8C;[NGAE&>E!DIUF*54B524<1D'U17J?S R-#
M=@,%73"W)"/;4H</#Y+3T6]O7@Y/?6X:I!W7N<ANS+)$=!W1A>/B(QF;M/X2
M67.Q<Z53GL%R7*9%_C^IX2K,0M8U'VMF(M;='5CD"G2,]6SSQ0(T"E4Z29S4
M]*:ML7L)^=*)-,SM IC:64@2^MRD-#L85:H05&_D )M%-PYSWKIQ9)9 .="V
MX59[N@?31-XM2'_3&U*(D[:SCP/?L?O[ B=R=PJ 9CZ*JVU)M?S.\>A%3H=3
M2FE4-EK+0;+>IVF45GF!?1M&6IEV@-P%2*)'@5'RO5,,ZKFUA%5[T-&0\I9N
M^4<'R=GKT>'8-GS?W3D+F^O6:R1:_',A:^\ -<QU!%"0P\S'T!B1)K' YJ8T
M-@XE28-,_L!M(*[)*'SE)O>W_&Y6KJID[^'C?5!&*[02I.WH0!\)NP-$_K)*
ME[#U!@E#]B@:@["JVC:C"@XXD*LS6TDEP=Z;%$M_- @8@T/!%#].I*9(3_I&
M&R1P-D9W@]-(X?0SJD'/*CAIW>6&H-X"SJSF&I@VP+A6WF+I1E4D3=EJ_[W>
MEJ'$5V,0;A289(.%ZABY V?W1=,-U"5V+R"CP/?!Y'K2*KNFFN%V*^L+%K2B
MU&7,:Z.LO6+ ]":'_^&6=X_#V@G<7,* 78G+UV8PVJ%CI^9-P@'KUC#TM:5J
MYS$LQLGY^'"4_#$<_SXZ?6*U=@LNL%[QT :<*B&V,V2U\3"%$ :2'#8]8GW)
M%7?:$IBDM#N&/0;O8MC&G19(AN[?U#T"?4.XF)+Y02YZHY<8]*:V^+5LD6AT
M4W-9/0>QY<W+B[\RBIU*'5$&"U6849AD^!JC"ZZ;4%/Z($\H1/>PS3G*+5J?
MJY5]OFU:9@)/<=GXC%4DKT"8E@=1D-5JKCKT]+X<B%HF%ZQL7)_!!)4J)]WX
MD$>'(MYQOF];7V3]O>(KU>_LM4=68DOW[X\'R?]]<W+ZYA4%3EX-CX]'I[L[
M)\^3X2':$$^Z.9[W\X^[CGM3-HAM=DT"?4RBN>)F/^)U2A;"8S2\>:V.2)_,
M]TN*NBB*7NR.SX_' K&\D=XU]KTC8\JCT;SWN**(>;N=\O83>J9GX]^.A^?C
MDV/0PLB0[E0>'@7L[ >M"D$]<P=H9PSX?O9,(T;.3U46^81E0E'MHAMC^$97
MM'O6 :%V FE! &(6'E FV2:]A2@?:5@KU! 5T[*LG!,E==5D4GGW"0XMJ\=,
M<?Y3X0)L;4G_<WI&+O P1B:D1>!"^1<)O"=')D#=D/!E<C" ^(7R+]U5^W^-
MM/X,1]KHCY=_)H>GH^'YZ,A'U%^,7Y^!)^&-"&H&Q4?=+%<7BID?563:O?9B
M.E",(;D%HOI4NO.R"&N<_0G9'S^4<YWU9=I8/X-P?KUX11N^1)EEE8S%V'FQ
MXF FF T<Q*-W@5D$>3$Q" LE\.\G#[R/T27_.$A^'QX.CP_'H[-D?)R<OQCM
M[CP[&9X>84F)$S12D<EU.H%]+$Q]/2O&27F*TV',I1L[Q3\:*6C#1EUUT%1E
MH'%5NAQUX4Q,)W:1V(HT@7X5<G.$VIJ OG.=J];]MW6I107=P#-UHM8@^KME
M7LD!'(\!MJL0^)@F.T'$F) PQ$WJNNW!1[<F:*V!47I:1F'$;B>KV,9U9HH&
MV'LC:36V/A'PA0Y,U />%Y&8ZJ1LU\[8QB=O!))X< ^2^ (@B0?W((EO9%/I
M$?M/=#9>G?P^?!D>J3;QVPFE.O]6,8R!M2^.9V_VV</<X"Q%+!V! P4DB#4<
M=(P.V))#Y&%XB%4<%FU'/GK,N(&:4T@<2I1?UUEP!AN 0-?1U=[&<#ICC]4N
MG7-:!$FEZ9:[K@]^.*"HR,EQ\L?X_,7)FW.T_R79 MIE]'+T^L7)\0@K@Y^/
M3D?'AR/]-A)&T9(1DVM9'T@IB&64^Q%)L+\D9/("TR&.STMPF!O'+27]@?4B
M>)]LP^)1$7-^FLIV:@*,7+"ZR-!26A>0D5H5>O9 \[N4%.)'##0"#+)[B7!_
M%^2=E"O4]AB:9";,VM7.-*4)$6C"Q_$PADA:RB[#SIIP6D-\>"*F7!5ID2\P
M/>&V1-C+4&:!\CB$!1=0+^L,K=2GX<)JKSBKP.7ZMC;?EZ%VL#Y;MM?6;!.7
M1%R_3^H5A<TC7".D/GWPUY.HWBFDS 7(OZ(@T8?N&!M&IS2%]5Y0=-YG@W!G
M]PL^!5P)*O("%U2OCB$GT-_+*_'$M2-W4)U:4P/')<V/O8V$..=S5_M@"O*4
MSL0D%, ]3:X0"T&Y5EH_WB*=.CZNX&SA,4R0ET.I'.33-I[-NJ2)8Z4UL^LY
M4-K8%25AMA@6DIC^5$K /B-Y;^X[*D3"]CFMS K.3#NULF5[VIZ?HW^/#M^<
MCW\?8;IA=^?D_,7H%,[+5Z_&Y^>CT?81:)S'E07INDV1D!ND4KBJ7;24-%RG
MYB^(\5+U1PSE6G;E5 Y7QY2=DBCW@UH A(*+57/CINQ&_U@CL(80%3-H%:&V
MLTM^$H0RG-4?F*Y-IM:XYXPT1[L>S_!*U01/$L.?X0O2^^T243$$SBAOJ#KR
MRTKGUZK=D*XR^V"",$<D<9Y0XQ $@>1X'E^L?.4V1=VVJN$.S,VXKE<2Q38(
M$N*G"'F5+VK1?DBUH1AT 11M1RL5T\GL-..R=(=9##F#C(O#YH<8;W5 O$UD
M#M=,*.P)/PA850I%@A XD];DFD_;#AE-O^J2M0<J+0R,>:: W9TZ10YB9N9"
M (J2797"P5/1LC9I(8ARHUAZ"-? /M%JP+K.J+\7;J0V!C)L#HR!;U^!S*;=
M^HN>PE7;)%+8!XFEJ>,58-O72=AKF?0\ ]NV8I(<P<^X[XS;W4%8'L/@I*6]
M(\C@:5.C&<1NY?+(N!<'TG^$': 0'!KA<4C=_;%^:35/V:&"1TU]\MHY>(3]
M:\.$*<W/.UIW@ZC?I?Y :K7G.'EX],_R=R[)XODHK(=(N2"7 9-V:,%G;/Z8
MNZAN(JI'NI\$ 7".LJE12J08^"KA&F$:S#H>P)'DL2-PX:\]88F;GHBQXMD:
M78W0;S+A5JF\W*IZ6R7+D-IV3XAC?/<!HTVGB"3V>M;R%>4,.)PH%QK\K;.-
M\2#W4P>5,ZYL21WML_ELP-75>:J4;S:DC!<1ODC->+)PO<OO(D54OX-K;T/4
M&'M:65ZCK*+V#[);?;WZ5PK??G6BBF%/K(:@A_%.%X\.'OR@@8FK$J,$Z">5
M-X4GEI*OWV;9TM<EY,6J$7* IM;Z#(+=<P<)I9G@F"/;0+L[T7I##ZEW!?FD
MSW0@PHH3LE'YVG^,1D1*-?03P6Y7OG9#@TFA;!D2+%; 8>$&<VWY8Z#:K+ #
M:VVPZWH0GU;J7 3\.=%OKDP\J)/$(/U*H1=V8!5@U0DI.:2>ZO)8OJ3C6.N6
MC*#[/%I*MYT[F5A%E.UNL5NTZ;;MN1NE\!_>I_"_0 K_X7T*_QO84-@G)AX8
M15L;JX(UDAG'& :<3":Y$UI^5'C/@&.I+<7PPT4M&3L/CZ/"(K+-PJPJ$UT%
M1R#1W=-QH(2Z50=GIR53:NVE2>O TZ]<RBD HINLKG1G0ORT&2M%=^%08Q[4
ML"-E %+34Y&=)9?KG%O:7':I0M,TLBS,#]4IF%*^ %L2MW:&M^.4;.=%'APD
MAR^&X]-7PV/$J7@@Z!.S#=CV(#P&+W$0NG>%FLI^X HWM5:86"5(@N;=<M .
M/VT X!0JC=8MF>5 $WJ3=)E.T'9B2+"IIO($ ;FC)&CE2:ON54(!T"K]Q_Y<
M'J/J;W&0O&CU.*)6AN(+63HJ\8?\PXG3N*:2 RS9RA<Z@D[A\K:F[1XBU_VK
MUZ/C,ZK9> +"N5D%=YL=0SV,-)_24F?OEEE19\(+4-P.2!T&Q7=,3QE'L1A6
MT@"-0?=/%911IW/JT5<'&*Y4B$IJ*2;:_*EA9AZ,M"LJ5!>_*KTU'061)P4)
M?$-WG[N48E<' 0JW.O#Z5JEN3_G^@P0&*Q<X;WP!^3RSK8,*.^%\=)"\/AV=
MO7GUFH!9)\]W=X9G9Z/C\R>FP#,68)>6IS&R;?WY1:1\S!5_"3J@$*N";YPI
ME6H.#C5CHZ18QRLFY6;%'8#Q?'FZ/3=QO>W7N%?0*O9I40TUT"_UUB &-W14
M<*$K72N9Y$OD",?KL:.ER[ZT"?!MQ+S+R,%N;C_5*E-F$^LW\G7+V W?AN]6
M9'AJKDIAG(4WFZ77O%C*\OW%'><O(=@?SO#U>YO@Z^3Y\_'A:)OXO>#&X_.7
MHS-LQRQ,7V@S\42PO;2&^,3TC71]+'J4NX^E"0T[&5GQ'B2[.Z9Y!__H!):/
MD5*N40E_\3S'5NP([G5?V,X?QJ$)NX+4R1Z=#!:(@1@*.$PZK+2(;]8QAG?!
M:\^R EN6AE]@L]?D',M<5A5!MRQ7A^N?R^>2F^"T[IL]2K]0&5% _<+F:UFI
MAR'<KF7 \=MEGD)=V.:9PA=N$TSQ-^Q4W 9FI5!)F<]4:4JY:82_2B#<3N6"
MYL[(-,Q@"4DC:JR4:[0\#D>[_LK"$&\.2QIFEQ>9 -8&>CC<A6K4!QE@I&L(
MH0'('J86M:R*TB\;5LL3^U&ZK95&AB?K;/AR>#H>G;'N(&M1NP XH),WM\H6
MMQ(%U?N8B]^/%>^^.IQ(C*1@XPEM*9EG6@V:9K?=O0Y9A[KM5&,(EKRG*$/N
MLR8C /IV'C\N[BS;R'S51NE"22U*JW6^E$O,T$ $QSPK6S0HXIM33OW6H%/9
M+#5Y%M]&45UJI?<G(-^4K,6678H@&RDCITM,FR^=2;"G_UI-A7>);4KLWPQ:
MG[L9!KZ>Y"NI&6.IBP2:S16=5-WDK3LLG$@(3P3&MUS"-<&*S:;S]"W=5H]-
MJ?$3IES@@F(0[,ED5542K$O=EHMIL[ T_5YU=8A4#E^,1\\]Q!EI5,@\YZ-E
M;6,#U\K(=&*SI_K@?2)XZ(K9(@CB4&FJ<MZO7ES0+X( INYX(!K[VK!A78,&
M,I\4[&-N1C3T \PR(],N;6<!Q=B!"5:."/H=XI[PQVQ.ET7TG'7-6UFQ(5PW
MI)Q'%H;T8DXUUF3N4K64,F(L4>$1ZSX\^&ERQ7AI0@Q*'Q1$+4L3 'P,80.Y
MYHBT"T:Z"",[T=8 T^P"#B8_?+:;+T">Y"UXN4%KH3D8>26-9S$7"J:SO7W(
MY Q2O@?73M)ECIPZ@H>*W\PLC^UN1'/%("<)C6*DS!>TQ)OR>,0U@QHCIHUV
M1ZF%@$N"J_=J8WN?O%&B_-%]HOP+),H?W2?*OY%-98BU,! ^/J+8MQ@ _IBK
M5TM,.=1E=2M*WUOB_J1D+'"@H\6,[VV_BU^VV^8&1H ^&0'V2O4E%<V=\S\\
M\\-@4S=&S=Q<T8=3B9X,0.T!?\1A[L@8(JMZ14#^:T+;J27F#6$3/>-T_>8G
M:Q(>K YCIUU[VJ#>+@/K@/-3A9))#3JGNT.><MU3T%%K7==D'JQ,+S?*7!7$
MHLOI_/C:PH&^6K1[(7&+1[W7EAWEABR,/8"3UZ/3(9;]1SV 3F18?7;9)SRW
MSN"-V'.=(N<EG'<3;>[N=EA8T'RPN]/.D4M$H=T2==VC>6/",5=G/$X,P%38
MA(_^4672)Q7)T*C"L.8X!YF)<^S9BT6ZU)DRSK;7'B.\*7@A[Z>%6HWEU+41
M?09K/K\5,"[B^1D!OM;!V%*!_H<*]//Q,08/AB^C MW):-QU"G@1C9T!,W>[
M=#:#)8PNR-W"W&F$ZR15GB<I'I)C=*JG8 1AR"A=31%:@^H00R-P]5PS\!2K
M@[^PK:6(*H; /H6L]N2,[A9D@CF$&PH=ME5/2%KOX6>9:>/<C\U&:+0AXMUK
M;9$V, X+M:$4=<_A&#D1.] @>R .$D[(=7S2B[3.)T8/UK:.A@Y9SF$%:I/T
M&.6K@[B(3E'/ G8Q?F@4H!\_M0FTICMGL'O"9I:(47+F2LQ,H2_<3?&U;/JI
MSBC]@[$/9X9<9.T>Q]F"[LPN.#KC5*7J;RIQ/Z)<84(%:QCX/B\4$5A5(1/[
M=BK&?QXDOR/EN3.XL=5"5RI:&]V7KV?7HI,PL0FKR1T?N7YBMJK3N;/ TG;^
M=A.N$0W+ZZ9LVVK!J*B;*):;U/1(GT-@:U)*+$0X*0+/3-M^*^EOPB;8DC!Q
M3XIOFZF!]_5G<>BGK8EHRLW>CV:=S_A@V@U"=^T*X(6M1[>A0S2#]%'-J75<
M9JTYI& 8L0GA7<R$]"<,:^D+>]YY=!U1M\E[:%MRH% I[>[XV*Q)J-R1S0\C
M?$YG;ZD60#Z3\]/1\.S-J1A$NSM>K9I-%(28?<G0!!Y22C]?8P/I=IH1OPS;
M*&"(Y%:^#T-F,(,!PP?"_K_##PT#O)\IH$LV6BBO=.IA3P.-PWL/IL[5Y3"'
M:.O ;EF*),E)5Y!#.RD BCX-9HM"(+9U2E_N%>,BO*,NRL(G=+5-<-AXF)![
M/-6*CN:7KWM;+'$9 HUC6S?3@X-D>'8V/CL?'I_[;>7:E@UK))?!8LWH%L-Y
MI3!.1-XQHY3FA? [$<9<B(B;\C+S>( [-HVI._EDNZ9/@GM5\0&KF<ALZ-'@
M^&["8SLT)*>KBM''V$ZE9>AM=C!NJY@B8FAT>#HZ'Y[^*3K?$_B9FF""3?AZ
MX%C*-J9H/*M28DNVG4H+V\.!%%Z4Y5O/.;.[TZ8(?6J0QX1Q5UTJ#17X?&$P
MNHR3H24^$:JDUWV9RIGR+-19.G>&G_V)&(DN7=KGF.((:V'WQKL&42AS]^#"
MA@D?W7 I8ZJ)2O5%/5;(0[<^+JGZ-#QS6XW6;<]T6B(D&B!T+_8RHC6CF:>;
MS[/I9:9%#$8+^=\MT^7=>$N6EH'RT=B>M0(:<(GPC'&9V!P('7Y:(6DU'VMQ
MP4GPY7*N)6R""^K'BHB"<?%\ZN'6GC(;+/AJ9HI:!.HTY9X+Y4ZKQ;^_ <M^
M ILE;)"[9:IV&Y^\46;\\7UF_ MDQA_?9\:_D4UE:\2\:Z'6&T(A.[Y%VY3;
M;M]"9P/'>*=SX:?NWKGXA#5?G9*O\?'1Z-7Q^/GX<"@5CZX*;.!;' Q^>78*
M[S%Z]?KER9^CT1EU]QO^AJ'J;:@5:TW2$RE@[T1:\0Z+ I'R9 1BX1&8\8LY
M-2L7 PYIG-$KR9B@UF179*/=1;GF2+NQ] <#K["]J'B8.JV[7IJXDY'-$-M^
M7:P:APCF!LD&N$^_6DBY&!=44G2;QT?;+OR=<,S5;2N=T$&:-[VHRG1*Z2">
M$C7U&3B?4(-<Z5EW8TGKVMZ8O^.RRKG)7CB:?>YE(+C_FZMR=^<FI?G J#R1
M>-^RDB((?^&8\3#KZGZ B@+; [H?#>".Q52::!#;6D9E81-%3#"1FR?E\N08
M$W"%Y^"@3:I\D5.+Z70*_T"FVY15)TX+HH,(O@L?[)FNP9X:SB=X*IM5--.S
M'S:%XQCB1!;MBE)KF%*^H7R!;T];:CHX@]<J;YEJBXL?8@%AGDHL;\&.!.+<
MB\MF^G1W//#X0T%B8T]5;I" ?!_7!O8 PC\&R5_$(8(YEQ5V[FVJ5=UXFD92
M%R B(-Q[,(M_GT_QA!#I:[+L[Q5]@-)RF6+[!-PYS!>0[!F.1;!PJR*[K>6(
M26995L-%?ZVFEY05'V"J6^G/%IP7)X8 C,UF33,7,/JD81 89_HM8!Q! -*7
M./'C(X)Y<.X*T3K^F.\7.0PW2X<(O4W"+7'1ZRS+*4>4:0S<'H!K#MO7F/%=
M9/,\N_;M/_)"N5[*)9?WB'JXP%4G#$16-S$T'84?A&T0,Q::W</<L&P,5_4>
M[J.K%'EH@NB"M!PN=7S*DU-,5W!;E,M5P13Y3UWP"FX$%L4U)\^Q1[#O=VXY
ME96D[\>#1YW!6LJ]IL2N-MS80Y58V59O731=]V"X[<Q_9.53N\Q[.$%IU2B"
M8A^%)6]R3=NV[T=J7&5CW7UHYKHG4#QEVGHS,>\P,9F'K4S7""P\0'<2ZI4I
M)67<KJ$*B.M\XM0.!XH2T+TIWKPHYR4%0/!8JUB/-MQQXCJ=XPTTZ@("._#5
M6P,MWZ(&\?5JL91(GR@Q,W73G/NYHQ9=OXDD'M:[E; BEO=2\D%;J9V3^]"M
MA!PWNI&2SC[RQWML,TFW6N5@:)_EW!G$Y;H,X^6/!P]$\O&8D\-"BK=9[2$)
M//I %\CA3?K43..W9[!O6CY\.O[MQ7ER?I(,CWX?'A^.7H&)3?VS1_]&QARM
M*]Y@20+5]L#I(>8>:.P]E.-&^^&$P7!'JX-*1PXON/<TFXE]9"M W<&$/2:N
ME306-^F,I'2:URXUNV>Q1_[(ENL49J=/U_/[Z>Y.KX+/9QL9T(X'?D!,[O'G
M]9_4^')$ 2#$3IY6QQH\9)F(B[PGS&H]=#RY<D"3;840-&>_5JSI8EK>TM6#
MB2?ULL17KZA>N1VI"F_K7<"LS$ S(['UOH=YD3G,77A1ZTY!01"GJL(/+?LY
M%<X2;7&3OJ63Q:PE5G_I8IK?> .,35NT<3-X.-(;=-^MP?-_F3(;OMI9"&3A
MU9KB6N>*(<<VM0NFEB'>"CZ3!*C'@D=%Q(@SG&830HUR_,/U;&4<&E@=LU5%
MJ^-V1PI>-%P72JN^']\\G=+M4^;IY]<TFC4P\AA:GYGV>!>9W\52W4V7.4E4
M?NA OSYTIB_3-SBM$#-+.!W "VGDG?("[C$QU5&3[L"K\8F>[20L@_:))OG;
M,>9B=V>"*[$,FDV$"">DBY]@[:,S-]=Z*0/O,%@V%<00NI.415N.4&O]2\#H
M*LN)2(S"6([IR_AGVY<@L60)=/K :2,!C_/1:'<'#J-GI^/CWY*S-^/S)TC_
MGR+1?;X0P;2G#"P0"HI(N?I%&/*(G2ZHM-!MRM^!%MS[Z8?]9)K>UHGN,>RW
MAXV-Z6'<7$"(5)"ZS)NK@=,A1GX[V"$CYMJ7/IT_\*J8+J3MPFE*-)Z6,,_E
MU) 4-#=P QCY0QGYH&U-4MTO5RQPI-6$9RBH22:R.*2QV >\*J**.69<,!,=
M*4."(=$;XGMA88\RVB!^B%X#F24XA$ VOYP]4KV5.P!IRH.XJ,H5:KR8$>#'
MT3]W;?ISTR8A/"LZD^2FLZ44^6T1TVRL$+P?G/\U1:$Y..,M$4X X^L0.A2;
M#O$K=]_//!^>IGY=VF]8X<JQO.]I;YC>R;,*/W[W_GG<]\<:ZT-\NSH3"P>5
M%34,<JNYZ=+1J=QGZ[S7TD49:>S:J;"T3C'RY;!=9?O(E'=K+0MN=YSE128E
M/WXCNL8%L[(;8/0H=M$!Z\S!W1WL80$Z-9< '('PYJLJBD(P<2(T:6. &QP-
M!@YQAK$'Q)S:BH(3.E!OU4)N]BG'0A!+B4:J\9(*3Y.$/%G-8:\COWIN)[.I
MT9Z'SAG(&&,JR5+MF%>3U0)G<T+8#?(.6:VT%@(7H:4-W2(@N$5\Q_>:>XYE
M%Z*1*5X6OK[OT/F9UR 2!S#2)_#7]:^N/14V#C18\=Y@9DL,G+8.->E\N5X#
M#5IJI/1R0TKR@Q0DJ;6.P%7K-9M7H=S]X2,/'*>T:#!W:JV+504"(<?'M4LH
M=K=(VSSO1/AL$B(8FH\H#Z(V>V"Q>]4I;O;VU@=NXY,W0NC\>(_0^0((G1_O
M$3K?R*8R_&3')\??C?Y]^/+-V?CW\?F?%$(E[]8&4-\C5)+T1DI:.M[E'\@J
M?@>V2LUH&3QI%9W*?H!O_";):TK@IYP@]IYB.J%HI1PIW">.>G0-VMZOBW*L
M;VDNM:_@$6@3RX'C* P!X=Q505,3V=0@R(/HTW;I;D/1-CX^>W.*<7K![K?Y
M[1;@V2.@"]'0JPJ%:8 ! <I:L30-),_88%)'R 8I)&4 T^MC85U'A?DM/RBA
M/HAFU#5"@8-RXY[G!G U+Q'B$K8'84\B"/B4J_FT5:)L]Z F$J1-NSS5^I&1
MQV[8K9!=O>V4U)\Z$";.*47@7-(Q)#D\.7U]<LIPIZ2-=@+1;C?:-EGD]^"E
M!25T66'@X:/TL>1"-T&S]*"P-)I&OD'M*XX#U=[.OQK?(1AMWS [%3AKF,6W
M5%!_/DB&KT;'1YCV3$Y.DU<G1R'J+E@0!:S.N1<!+KL@WFS0M87W: +^!X[E
MM0%N+;1N-IL1SSBN'R4*KJA=4^/M"$$^>!":04R%'+,N/Y@ZN>42)OAVD=<L
M>]SJ@3\RO5SYXR HQ$/+,8(TE=,^?)=O3Y ^'/LZ;H-?#^&OT^'A^=D@>7DR
M/(;_'+X8'?Z+]>'1Z/7)V7@[ *YN(L2.Z2D)<TK>4/O:3#>FTUCQB@9FV"N]
M*2)<!+.BV<.R\C2H"%_GE#/]!@_^:L5)RE;!8) XCH'.9 >X5KI*1B<V >$Y
M"T3Q,84)]XN>T",I$OKM;9E-T2>T"9XDX!C/2]A*)M6E:X9JMCW_[;)+T*?]
M]+7NCMS?&C4R6L.TN-*^( 2DI:8WE*,DBE4;G-VO^H=E?5GG#9*CT^'S<^R$
M,CH_/'B2##&<?95-WL+#IA7XHK5Q#BA 5'NJ-VE4!2NR*(N,&D0T66V<B5Z!
M\')@-WG#--.6HTX%1ZI3%!&SB1;JDU3E4Q!(7ZKB:2U80:T%P))NZ^(>H=Q.
MF7I\X Y/%B/B'HD1]#$<TL7$Q8(WY%/3C/!B4:]"\V)@^^516U^7]R(M4(@9
M,8Y8_K0(>W+(4\I*"H5[0+!4#DX=([Z]A?T(J\J958>CTW,VU\&E? [F^]F+
MX:EXE^!3CD\3,#*.SYZ/3K?"IFK-QNX.3P>>KPWZDI3G4P2E%/.I_]GU5.A'
M%=,,S-.ZSI3,IQ(B'\\U$*O@(/?$8+\'KD-[E0GS%.LU;";GHH=3N:O#U3"J
MC9_4NC -6 HX)^W4.[F[J\:]<H@04_B7O2.-\T(;@#8M$@3JX%0Y>*1+D1MX
M^A^,+DI-(8$XA*[]' XNE?I!I5,@-=4S"7'X0VUH,$QKO/*FX,?0=!L\D_1:
MP9?76D^*). >DR(IX1#2>?%Y=00'<B-*!/L:NHD  4BS;;H#B$QH1U8O+*TE
M#/@KE$* [\F<_NMO&ITUQ[>!)SM)+KU$9LI T1K$783I(H(R=7@T&F9ZJ++X
M*9)6:D]*CU#M/=,B3++GBCW+UYJ4P6#T!F :.S.$ T>F(QJA;OTG3,BU0M44
M7F0:)G*FVY7*^F]XCZ>8C%82DC"JR3PFU((TG=3Y(I]G*G0L$XYIL7;1 1=X
MD@(+N[.T+8N[F;D^[[*1Y'@L%E3KY.8D\!!2M[.,52;[I$KU!*;2MP[.N J
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MY3U$X/-#!'[^HA"!SY;$-["3[Y^='/WY*_[CQ?FKE[_^_U!+ P04    "
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M\AO@VFR4\%HA7C]^LLAL*-3G0ZG&ZW<%D7VI0"2],</%//_$!GZ.8!UV(8P
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M$LLU/L%RET\6ZPG"D TAQZ3S!RPQL ^9^$L+;->#]'(>XFYN(N6K#^ E<4U
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M>'5W&PT^ED1%\*XZUZ'O9/_Q__BJ31Z5OKWV5/<@>UWZ 5!+ P04    "
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M%T@HR%L"T-UED4[)&\@H@I?-T!F'237!P%X;\R"B(#9;]3_&IT&%5S$WH0P
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M^>RC_U] GZ+G^Y$<&%<*'.5_^&C\CIT!4YGN\^AMM7+,_\&H1-;%DB(F_/M
MTG"= B'1QCYRX,<S!V5Q-_03><&\9>BVD\<OX2QPY[OVQ,%@1:/LK=;)DLC#
MI!KJQ$OXM*G^8:!C-L@1EA8-7 >8R*</I^P+AU_.@/2IQ>3_!XSFQ.E?"=<'
M5NW)@Q)R%!3@;2 <8G.J]#?05(2A3^G-ATDMG#@I 4E+>&6Q/!=#6/_E4)7&
MP%.DXWJKE8\"ZZI,DY,-]/\-GSND_!/6,<48AL=!7Y#?#CMI37VNBI-B<?N
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M 1M+Q=2?FQ@>;V4[2X7G<M=_#L'@&)[A[ M,RJ=/P@X:I07W->KDY:XOKT0
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M5 ;C?"K$%XG3DJ>80MDHV1=/70!:OT4?Y7B:-UVD*K:EYG).+#VS]Q2!KP4
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M[;=/, ;\@'TY/>^PHY/#TW,0]<J:6S?7W.+ZMNNKF ER,PX<<L7BS66AYS:
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ME&JM@"!ZY=(1+2*,B@S[@3/.9.0F\-"XLO*A+X,PJ7(][T=IL+#M]V.)AV\
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M34=&U573VM;;62.@WKKH.98,*_2P#8X:[FS7BGJMW5:+$?J9;T(R''#K*+H
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MEV^^^'_2DOP?4$L! A0#%     @  ([Y5@#R/Y(K P  Z0L  !$
M     ( !     &=N=7,M,C R,S W,C4N>'-D4$L! A0#%     @  ([Y5AG2
M%A?]"@  @(8  !4              ( !6@,  &=N=7,M,C R,S W,C5?;&%B
M+GAM;%!+ 0(4 Q0    (  ".^5:P6*"B5P<  -E7   5              "
M 8H.  !G;G5S+3(P,C,P-S(U7W!R92YX;6Q02P$"% ,4    "   COE6D"UN
M:H5@   [) ( $@              @ $4%@  :V%R=&]O;E]E># S,#8N:'1M
M4$L! A0#%     @  ([Y5L7MS@F@#@  'DH  !(              ( !R78
M &MA<G1O;VY?97@P-3 Q+FAT;5!+ 0(4 Q0    (  ".^5;;N='XKP8  ")9
M   1              "  9F%  !K87)T;V]N7V5X,3 W+FAT;5!+ 0(4 Q0
M   (  ".^59J%CO%-P(  #4)   2              "  7>,  !K87)T;V]N
M7V5X,C,P,2YH=&U02P$"% ,4    "   COE6Q%D/&,=Z  #@J@, #@
M        @ '>C@  :V%R=&]O;E]S,RYH=&U02P4&      @ "    @  T0D!
#

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
