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
The entire disclosure for entities in the entertainment industry.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef