4. Film and Television Costs, net |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||
| Film And Television Costs Net | ||||||||||||||||||||||||||||||||||||||||||||||
| Film and Television Costs, net |
Note 4: Film and Television Costs, Net
As of September 30, 2018, the Company had net Film and Television Costs of $6,101,376 compared to $2,777,088 at December 31, 2017. The increase relates primarily to the production and development of Rainbow Rangers offset by the amortization of film costs associated with the revenue recognized for Thomas Edison’s Secret Lab, SpacePop, Llama Llama and the write down of the SpacePop property.
During the three months ended September 30, 2018 and 2017, the Company recorded Film and Television Cost amortization expense of $268,425 and $29,849, respectively. During the nine months ended September 30, 2018, and 2017, the Company recorded Film and Television Cost amortization expense of $1,033,392 and $37,935, respectively.
The following table highlights the activity in Film and Television Costs as of September 30, 2018 and December 31, 2017:
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