4. Film and Television Costs, net |
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Jun. 30, 2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||
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| Film and Television Costs, net |
Note 4: Film and Television Costs, Net
As of June 30, 2018, the Company had net Film and Television Costs of $4,697,660 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 June 30, 2018 and 2017, the Company recorded Film and Television Cost amortization expense of $733,956 and $3,482, respectively. During the six months ended June 30, 2018 and 2017, the Company recorded Film and Television Cost amortization expense of $765,139 and $8,086, respectively.
The following table highlights the activity in Film and Television Costs of June 30, 2018, and December 31, 2017:
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