Licensed Copyrights, Net

12 Months Ended

Dec. 31, 2021

Finite Lived License Agreements [Abstract]

LICENSED COPYRIGHTS, NET

7. LICENSED COPYRIGHTS, NET

	As of December 31, 2020
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB
Licensed copyrights
—Broadcasting rights		37,511,847		(29,687,867	)		(353,586	)		7,470,394
—Sublicensing rights		5,962,743		(5,962,743	)		—			—
		43,474,590		(35,650,610	)		(353,586	)		7,470,394
Less: current portion
—Broadcasting rights		8,661,499		(7,591,792	)		(34,368	)		1,035,339
—Sublicensing rights		5,962,743		(5,962,743	)		—			—
		14,624,242		(13,554,535	)		(34,368	)		1,035,339
Licensed copyrights—non-current
—Broadcasting rights		28,850,348		(22,096,075	)		(319,218	)		6,435,055
—Sublicensing rights		—		—			—			—
		28,850,348		(22,096,075	)		(319,218	)		6,435,055

	As of December 31, 2021
	Gross carrying value		Accumulated amortization			Impairment amount			Net carrying value
	RMB		RMB			RMB			RMB		US$
Licensed copyrights
—Broadcasting rights		41,489,049		(33,016,890	)		(311,375	)		8,160,784		1,280,605
—Sublicensing rights		7,072,190		(7,043,743	)		—			28,447		4,464
		48,561,239		(40,060,633	)		(311,375	)		8,189,231		1,285,069
Less: current portion
—Broadcasting rights		8,591,506		(7,662,016	)		(26,748	)		902,742		141,660
—Sublicensing rights		7,072,190		(7,043,743	)		—			28,447		4,464
		15,663,696		(14,705,759	)		(26,748	)		931,189		146,124
Licensed copyrights—non-current
—Broadcasting rights		32,897,543		(25,354,874	)		(284,627	)		7,258,042		1,138,945
—Sublicensing rights		—		—			—			—		—
		32,897,543		(25,354,874	)		(284,627	)		7,258,042		1,138,945

Amortization expense of RMB12,743,323, RMB11,473,222 and RMB10,082,541 (US$1,582,171) for the years ended December 31, 2019, 2020 and 2021, 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$
Within 1 year		3,551,370		557,287
Between 1 and 2 years		1,539,539		241,587
Between 2 and 3 years		1,008,380		158,237

To supplement cash flow disclosure of investing activities in 2019, acquisition of licensed copyrights included in current liabilities for the year ended December 31, 2019 amounted to RMB5,486,374. Acquisition of licensed copyrights from nonmonetary content exchanges for the year ended December 31, 2019 amounted to RMB967,536.