Related Party Transactions

9 Months Ended

Sep. 30, 2015

Related Party Transactions.

From time to time, Stan Lee has appeared and will continue to appear at certain events or projects for which both he and the Company receive payments. Both Mr. Lee and the Company were paid approximately $20,000 and $77,000 during the nine months ended September 30, 2015 and 2014, respectively. The Company believes that his ability to appear at these events enhances the Company’s brand without additional costs to the Company.

During the nine months ended September 30, 2014, the Company wrote off $130,268 relating to the costs paid on behalf of SL Power Concerts (“SLPC”). For the nine months ended September 30, 2015, $13,002 was collected from the other equity owner.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

POW! ENTERTAINMENT, INC. 10-Q