Note 9 – Film Library

Film library costs, net of amortization, consists of the following:


	December 31,		December 31,
	2019		2018
Acquisition costs	$	48,846,483	$	33,176,802
Accumulated amortization		(15,596,334)		(7,838,300)
Net film library costs	$	33,250,149	$	25,338,502

Film library consists primarily of the cost of acquiring film distribution rights and related acquisition and accrued participation costs. Costs related to film distribution rights are amortized in the proportion that revenues bear to management’s estimates of the ultimate revenue expected to be recognized from various forms of exploitation.

During the years ended December 31, 2019 and 2018 the Company recognized film library amortization of $10,182,166 and $6,459,431, respectively.

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