Quarterly report pursuant to Section 13 or 15(d)

Deferred Production Costs

v3.20.2
Deferred Production Costs
9 Months Ended
Sep. 30, 2020
Deferred Production Costs Disclosure [Abstract]  
Deferred Production Costs

Note 5 – Deferred Production Costs 

 

Deferred production costs consist of the following:

 

    September 30,     December 31,  
    2020     2019  
Deferred production costs   $ 30,231,418       28,290,200  
Less: accumulated amortization     (18,785,320 )     (17,327,718 )
Deferred production costs, net   $ 11,446,098     $ 10,962,482  
                 
Weighted average remaining amortization period at September 30, 2020 (in years)     3.43          

Production costs of $724,762 and $1,457,602 for the three and nine months ended September 30, 2020 and $605,077 and $2,225,442 for the three and nine months ended September 30, 2019, respectively, were expensed and are reflected in multiplatform content costs in the condensed consolidated statements of operations and comprehensive loss.