5. Film and Television Costs, Net |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| Film and Television Costs, net |
Note 5: Film and Television Costs, Net
As of March 31, 2020, the Company had net Film and Television Costs of $9,870,922, compared to $9,906,885 at December 31, 2019. The decrease primarily relates to the amortization of Rainbow Rangers Season 1 and Llama Llama Seasons 1 & 2 offset by development costs related to Stan Lee’s Superhero Kindergarten.
During the three months ended March 31, 2020 and 2019, the Company recorded Film and Television Cost amortization expense of $106,614 and $429,183, respectively.
The following table highlights the activity in Film and Television Costs of March 31, 2020, and December 31, 2019:
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