Annual report pursuant to Section 13 and 15(d)

5. Film and Television Costs, Net

v3.21.1
5. Film and Television Costs, Net
12 Months Ended
Dec. 31, 2020
Film, Capitalized Cost [Abstract]  
Film and Television Costs, net

Note 5: Film and Television Costs, Net

 

As of December 31, 2020, the Company had net Film and Television Costs of $11,828,494 compared to $9,906,885 at December 31, 2019. The increase relates primarily to the production and development of Rainbow Rangers Season 2 and Stan Lee’s Superhero Kindergarten Season 1 offset by the amortization of film costs associated with the revenue recognized Rainbow Rangers Season 1 and Season 2.

 

During the years ended December 31, 2020 and December 31, 2019, the Company recorded Film and Television Cost amortization expense of $979,598 and $2,230,024, respectively.

 

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

 

Film and Television Costs, Net

 

    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     2,901,207  
Capitalized Interest      
Film Amortization Expense     (979,598 )
Film and Television Costs, Net as of September 30, 2020   $ 11,828,494