Film and Television Costs, Net |
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Jun. 30, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
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| Film and Television Costs, Net |
Note 7: Film and Television Costs, Net
As of June 30, 2021, the Company had net Film and Television Costs of $14,972,446, compared to $11,828,494 as of December 31, 2020. The increase primarily relates to the development costs related to Stan Lee’s Superhero Kindergarten offset by amortization of Rainbow Rangers Season 1 and Llama Llama Seasons 1 & 2.
During the three months ended June 30, 2021 and 2020, the Company recorded Film and Television Cost amortization expense of $553,562 and $185,748, respectively. During the six months ended June 30, 2021 and 2020, the Company recorded Film and Television Cost amortization expense of $658,369 and $292,363, respectively.
The following table highlights the activity in Film and Television Costs as of June 30, 2021, and December 31, 2020:
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- References No definition available.
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- Definition The entire disclosure for entities in the entertainment industry. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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