XML 15 R11.htm IDEA: XBRL DOCUMENT v3.25.0.1
Licensed Copyrights, Net
 9 Months Ended
Sep. 30, 2024
Finite Lived License Agreements [Abstract]  
LICENSED COPYRIGHTS, NET

5. LICENSED COPYRIGHTS, NET

 

 

 

As of December 31, 2023

 

 

 

Gross carrying
value

 

 

Accumulated
amortization

 

 

Impairment
amount

 

 

Net carrying
value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

44,838,191

 

 

 

(37,060,309

)

 

 

(228,853

)

 

 

7,549,029

 

—Sublicensing rights

 

 

7,667,525

 

 

 

(7,667,525

)

 

 

—

 

 

 

—

 

 

 

 

52,505,716

 

 

 

(44,727,834

)

 

 

(228,853

)

 

 

7,549,029

 

Less: current portion

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

7,773,805

 

 

 

(7,177,844

)

 

 

(13,440

)

 

 

582,521

 

—Sublicensing rights

 

 

7,667,525

 

 

 

(7,667,525

)

 

 

—

 

 

 

—

 

 

 

 

15,441,330

 

 

 

(14,845,369

)

 

 

(13,440

)

 

 

582,521

 

Licensed copyrights—non-current

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

37,064,386

 

 

 

(29,882,465

)

 

 

(215,413

)

 

 

6,966,508

 

—Sublicensing rights

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

37,064,386

 

 

 

(29,882,465

)

 

 

(215,413

)

 

 

6,966,508

 

 

 

 

As of September 30, 2024

 

 

 

Gross carrying
value

 

 

Accumulated
amortization

 

 

Impairment
amount

 

 

Net carrying value

 

 

 

RMB

 

 

RMB

 

 

RMB

 

 

RMB

 

 

US$

 

Licensed copyrights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

46,506,653

 

 

 

(38,909,009

)

 

 

(212,657

)

 

 

7,384,987

 

 

 

1,052,352

 

—Sublicensing rights

 

 

8,328,984

 

 

 

(8,328,984

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

54,835,637

 

 

 

(47,237,993

)

 

 

(212,657

)

 

 

7,384,987

 

 

 

1,052,352

 

Less: current portion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

7,890,083

 

 

 

(7,357,234

)

 

 

(10,354

)

 

 

522,495

 

 

 

74,455

 

—Sublicensing rights

 

 

8,328,984

 

 

 

(8,328,984

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

16,219,067

 

 

 

(15,686,218

)

 

 

(10,354

)

 

 

522,495

 

 

 

74,455

 

Licensed copyrights—non-current

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—Broadcasting rights

 

 

38,616,570

 

 

 

(31,551,775

)

 

 

(202,303

)

 

 

6,862,492

 

 

 

977,897

 

—Sublicensing rights

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

38,616,570

 

 

 

(31,551,775

)

 

 

(202,303

)

 

 

6,862,492

 

 

 

977,897

 

 

Amortization expense of RMB5,155,960 and RMB5,759,452 (US$820,715) for the nine months ended September 30, 2023 and 2024, respectively, was recognized as cost of revenues. Estimated amortization expense relating to the existing licensed copyrights for each of the next three years is as follows:

 

 

RMB

 

 

US$

 

Three months ending December 31, 2024

 

 

1,074,323

 

 

 

153,090

 

Year ending December 31, 2025

 

 

2,364,094

 

 

 

336,881

 

Year ending December 31, 2026

 

 

1,425,503

 

 

 

203,133

 

Year ending December 31, 2027

 

 

926,040

 

 

 

131,960