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Content Assets (Tables)
3 Months Ended
Mar. 31, 2022
Entertainment [Abstract]  
Schedule of content assets

    

March 31, 

    

December 31, 

2022

2021

Original productions:

Programming costs released

$

25,965,912

$

25,669,921

In production

 

 

562,808

In development

 

7,943,139

 

6,662,591

Accumulated amortization (a)

(23,571,721)

(23,268,306)

Programming costs, net

10,337,330

9,627,014

Film library:

Film library acquisition costs

146,878,460

134,463,191

Accumulated amortization (b)

(85,210,986)

(80,847,748)

Film library costs, net

61,667,474

53,615,443

Licensed program rights:

Programming rights

15,829,362

1,209,362

Accumulated amortization

(1,018,002)

(806,423)

Programming rights, net

14,811,360

402,939

Content assets, net

$

86,816,164

$

63,645,396

(a)    As of March 31, 2022  and December 31, 2021, accumulated amortization includes impairment expense of $8,262,663, respectively.

(b)    As of March 31, 2022, and December 31, 2021, accumulated amortization includes impairment expense of $5,506,069, respectively.

Schedule of programming costs amortization

    

    

 

Three Months Ended

March 31, 

2022

2021

 

Original productions

$

303,414

$

2,205,861

Film library

4,363,238

6,903,916

Licensed program rights

211,580

24,751

Total content asset amortization

$

4,878,232

$

9,134,528