5. Film and Television Costs, Net |
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Dec. 31, 2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Film and Television Costs, net |
Note 5: Film and Television Costs, Net
As of December 31, 2019, the Company had net Film and Television Costs of $9,906,885 compared to $8,166,131 at December 31, 2018. The increase relates primarily to the production and development of Rainbow Rangers Season 2 and Llama Llama Season 2 offset by the amortization of film costs associated with the revenue recognized for Space Pop, Thomas Edison's Secret Lab, Llama Llama Season 1 and Season 2, and Rainbow Rangers Season 1.
During the years ended December 31, 2019 and December 31, 2018, the Company recorded Film and Television Cost amortization expense of $2,230,024 and $1,079,723, respectively.
The following table highlights the activity in Film and Television Costs as of December 31, 2019 and 2018:
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