Quarterly report pursuant to Section 13 or 15(d)

4. Film and Television Costs, net

v3.10.0.1
4. Film and Television Costs, net
6 Months Ended
Jun. 30, 2018
Film And Television Costs Net  
Film and Television Costs, net

Note 4: Film and Television Costs, Net

 

As of June 30, 2018, the Company had net Film and Television Costs of $4,697,660 compared to $2,777,088 at December 31, 2017. The increase relates primarily to the production and development of Rainbow Rangers offset by the amortization of film costs associated with the revenue recognized for Thomas Edison’s Secret Lab, SpacePop, Llama Llama.and the write down of the SpacePop property.

 

During the three months ended June 30, 2018 and 2017, the Company recorded Film and Television Cost amortization expense of $733,956 and $3,482, respectively. During the six months ended June 30, 2018 and 2017, the Company recorded Film and Television Cost amortization expense of $765,139 and $8,086, respectively.

 

The following table highlights the activity in Film and Television Costs of June 30, 2018, and December 31, 2017:

 

Film and Television Costs, Net as of December 31, 2016   $ 2,260,964  
Additions to Film and Television Costs     2,867,520  
Capitalized Interest     187,883  
Film Amortization Expense     (2,539,279 )
Film and Television Costs, Net as of December 31, 2017     2,777,088  
Cumulative Effect of Topic (606) Adjustment     (219,472 )
Additions to Film and Television Costs     2,839,370  
Capitalized Interest     65,813  
Film Amortization Expense     (765,139 )
Film and Television Costs, Net as of June 30, 2018   $ 4,697,660