Quarterly report pursuant to Section 13 or 15(d)

5. Film and Television Costs, Net

v3.20.2
5. Film and Television Costs, Net
9 Months Ended
Sep. 30, 2020
Film, Capitalized Cost [Abstract]  
Film and Television Costs, net

Note 5: Film and Television Costs, Net

 

As of September 30, 2020, the Company had net Film and Television Costs of $11,300,812, compared to $9,906,885 at December 31, 2019. The increase primarily relates to the production costs associated with Rainbow Rangers Season 2 and development of Stan Lee’s Superhero Kindergarten offset by the amortization of Rainbow Rangers Season 1 and Llama Llama Seasons 1 and 2.

 

During the three months ended September 30, 2020 and 2019, the Company recorded Film and Television Cost amortization expense of $101,716 and $1,285,237, respectively. During the nine months ended September 30, 2020 and 2019, the Company recorded Film and Television Cost amortization expense of $395,073 and $1,907,222, respectively.

 

The following table highlights the activity in Film and Television Costs of September 30, 2020 and December 31, 2019:

 

    Total  
Film and Television Costs, Net as of December 31, 2018   $ 8,166,131  
Additions to Film and Television Costs     3,920,013  
Capitalized Interest     50,765  
Film Amortization Expense     (2,230,024 )
Film and Television Costs, Net as of December 31, 2019     9,906,885  
Additions to Film and Television Costs     1,789,000  
Capitalized Interest      
Film Amortization Expense     (395,073 )
Film and Television Costs, Net as of September 30, 2020   $ 11,300,812