Programming Costs

3 Months Ended

Mar. 31, 2020

Note 8 – Programming Costs

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


	March 31,		December 31,
	2020		2019
Released, net of accumulated amortization of $9,739,813 and $9,682,935, respectively	$	12,604,907	$	11,571,785
In production		—		991,277
In development		2,941,950		1,896,209
	$	15,546,857	$	14,459,271

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 three months ended March 31, 2020 and 2019 the Company recognized amortization related to episodic television programs of $56,878 and $61,798, respectively.

During the three months ended March 31, 2020 and 2019, the Company did not record any impairments related to our programming costs.