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INVENTORIES, NET
12 Months Ended
Jun. 30, 2019
INVENTORIES, NET  
INVENTORIES, NET

NOTE 5 — INVENTORIES, NET

 

 

 

 

 

 

 

 

    

As of June 30, 

    

As of June 30, 

 

 

2019

 

2018

Film production costs

 

$

 

 

$

  

In development

 

 

8,817

 

 

109,739

In production

 

 

323,725

 

 

 —

Total film production costs

 

 

332,542

 

 

109,739

 

 

 

 

 

 

 

Television production costs

 

 

  

 

 

  

Released, less accumulated amortization

 

 

 —

 

 

181,770

Total television production costs

 

 

 —

 

 

181,770

Total inventories

 

$

332,542

 

$

291,509

 

Amortization expense was $176,346,  $Nil and $Nil for the years ended June 30, 2019, 2018 and 2017, respectively.

The Company expects to amortize $323,725 of the film production costs during the fiscal year ending June 30, 2020.