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5. Film and Television Costs, Net

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5. Film and Television Costs, Net
 9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Film And Television Costs Net    
Film and Television Costs, net

As of September 30, 2017, the Company had net Film and Television Costs of $4,232,632 compared to $2,260,964 at December 31, 2016. The increase relates primarily to the production and development of SpacePop, Llama Llama, and Rainbow Rangers offset by the amortization of film costs associated with the revenue recognized for Thomas Edison’s Secret Lab and SpacePop.

 

During the three months ended September 30, 2017 and 2016, the Company recorded Film and Television Cost amortization expense of $29,849 and $23,011, respectively. During the nine months ended September 30, 2017, and 2016, the Company recorded Film and Television Cost amortization expense of $37,935 and $158,168, respectively.

 

The following table highlights the activity in Film and Television Costs as of September 30, 2017 and December 31, 2016:

 

    Total  
Film and Television Costs, Net as of December 31, 2015   $ 1,003,546  
Additions to Film and Television Costs     1,390,450  
Capitalized Interest     34,756  
Film Amortization Expense     (167,788 )
Film and Television Costs, Net as of December 31, 2016     2,260,964  
Additions to Film and Television Costs     1,880,811  
Capitalized Interest     128,792  
Film Amortization Expense     (37,935 )
Film and Television Costs, Net as of September 30, 2017   $ 4,232,632  

 

As of December 31, 2016, the Company had net Film and Television Costs of $2,260,964 compared to $1,003,546 at December 31, 2015. The increase relates primarily to the production and development of SpacePop, Llama Llama, Rainbow Rangers, and Stan Lee’s Cosmic Crusaders offset by the amortization of film costs associated with the revenue recognized for Thomas Edison’s Secret Lab and SpacePop.

 

During the years ended December 31, 2016 and 2015, the Company recorded Film and Television Cost amortization expense of $167,788 and $127,552, respectively.

 

The following table highlights the activity in Film and Television Costs as during the years ended December 31, 2016 and 2015:

 

    Total  
Film and Television Costs, Net as of 12/31/2014   $ 303,953  
Additions to Film and Television Costs     827,145  
Film Amortization Expense     (127,552 )
Film and Television Costs, Net as of 12/31/2015     1,003,546  
Additions to Film and Television Costs     1,390,450  
Capitalized Interest     34,756  
Film Amortization Expense     (167,788 )
Film and Television Costs, Net as of 12/31/2016   $ 2,260,964