Programming Costs

12 Months Ended

Dec. 31, 2019

Note 8 – Programming Costs

Programming costs, net of amortization, consists of the following:


	December 31,		December 31,
	2019		2018
Released, net of accumulated amortization of $9,682,935 and $9,473,308, respectively	$	11,571,785	$	11,418,244
In production		991,277		17,099
In development		1,896,209		1,355,146
	$	14,459,271	$	12,790,489

Programming costs consists primarily of episodic television programs which are available for distribution through a variety of platforms, including Crackle. Amounts capitalized include development costs, production costs and employee salaries. Costs to create episodic programming are amortized in the proportion that revenues bear to management’s estimates of the ultimate revenues expected to be recognized from various forms of exploitation.

During the years ended December 31, 2019 and 2018 the Company recognized amortization related to episodic television programs of $209,627 and $2,752,446, respectively.

During the years ended December 31, 2019 and 2018, we did not record any impairments related to our programming costs.