5. Film and Television Costs, Net
|6 Months Ended|
Jun. 30, 2019
|Film And Television Costs Net|
|Film and Television Costs, Net||
Note 5: Film and Television Costs, Net
As of June 30, 2019, the Company had net Film and Television Costs of $9,150,943, compared to $8,166,131 at December 31, 2018. The increase relates primarily to the production and development of Rainbow Rangers season 1 and Llama Llama season 2, offset by the amortization of film costs associated with the revenue recognized for Thomas Edison’s Secret Lab, SpacePop, Llama Llama season 1, and Rainbow Rangers season 1.
During the three months ended June 30, 2019 and 2018, the Company recorded Film and Television Cost amortization expense of $192,803 and $733,956, respectively. During the six months ended June 30, 2019 and 2018, the Company recorded Film and Television Cost amortization expense of $621,986 and $765,139, respectively.
The following table highlights the activity in Film and Television Costs of June 30, 2019, and December 31, 2018: