5. Film and Television Costs, Net |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2020 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| Film and Television Costs, net |
Note 5: Film and Television Costs, Net
As of September 30, 2020, the Company had net Film and Television Costs of $11,300,812, compared to $9,906,885 at December 31, 2019. The increase primarily relates to the production costs associated with Rainbow Rangers Season 2 and development of Stan Lee’s Superhero Kindergarten offset by the amortization of Rainbow Rangers Season 1 and Llama Llama Seasons 1 and 2.
During the three months ended September 30, 2020 and 2019, the Company recorded Film and Television Cost amortization expense of $101,716 and $1,285,237, respectively. During the nine months ended September 30, 2020 and 2019, the Company recorded Film and Television Cost amortization expense of $395,073 and $1,907,222, respectively.
The following table highlights the activity in Film and Television Costs of September 30, 2020 and December 31, 2019:
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