Quarterly report pursuant to Section 13 or 15(d)

7. Film and Television Costs and Capitalized Product Development in Process

v2.4.0.8
7. Film and Television Costs and Capitalized Product Development in Process
9 Months Ended
Sep. 30, 2014
Film And Television Costs And Capitalized Product Development In Process  
Film and Television Costs and Capitalized Product Development in Process

As of September 30, 2014, the Company had Film and Television Costs of $156,592 compared to $0 at December 31, 2013. The increase relates to the commencement of production of the second installment of the feature film Stan Lee and the Mighty 7 and episodes of the Thomas Edison’s Secret Lab.

 

As of September 30, 2014, the Company had Capitalized Product Development in Process of $0 compared to $54,575 as of December 31, 2013. During the second quarter of 2014, the Company ceased development of its e-commerce website and web-based streaming services. As the Company deemed the services unusable, it recognized impairment expense of $70,905 during the second quarter.