Quarterly report pursuant to Section 13 or 15(d)

6. Film and Television Costs, Net

v3.21.1
6. Film and Television Costs, Net
3 Months Ended
Mar. 31, 2021
Film, Capitalized Cost [Abstract]  
Film and Television Costs, net

Note 6: Film and Television Costs, Net

 

As of March 31, 2021, the Company had net Film and Television Costs of $13,106,729, compared to $11,828,494 at December 31, 2020. The increases primarily relates to the development costs related to Stan Lee’s Superhero Kindergarten offset by amortization of Rainbow Rangers Season 1 and Llama Llama Seasons 1 & 2.

 

During the three months ended March 31, 2021 and 2020, the Company recorded Film and Television Cost amortization expense of $117,947 and $979,598, respectively.

 

The following table highlights the activity in Film and Television Costs of March 31, 2021, and December 31, 2020:

 

    Total  
Film and Television Costs, Net as of December 31, 2019   $ 9,906,885  
Additions to Film and Television Costs     2,901,207  
Film Amortization Expense     (979,598 )
Film and Television Costs, Net as of December 31, 2020     11,828,494  
Additions to Film and Television Costs     1,396,180  
Film Amortization Expense     (117,947 )
Film and Television Costs, Net as of March 31, 2021   $ 13,106,727