IndiePub Entertainment, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - November 21, 2011



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v2.3.0.15
PRODUCT DEVELOPMENT COSTS, NET
9 Months Ended
Sep. 30, 2011
Product Development Costs, Net [Abstract] 
Product Development Costs [Text Block]
NOTE 6.  PRODUCT DEVELOPMENT COSTS, NET
 
The Company’s capitalized product development costs for the nine months ended September 30, 2011 were as follows (amounts in thousands):
 
Product development costs, net - December 31, 2010
 $5,319 
New product development costs incurred (includes $1.1 million for digital games)
  2,917 
Write-off of product development costs (includes $575,000 for digital games)
  (2,635)
Amortization of product development costs
  (3,015)
Product development costs, net – September 30, 2011 (includes $1.6 million for digital games)
 $2,586 
 
Amortization of product development costs for the three months ended September 30, 2011 and September 30, 2010 was approximately $473,000 and $1.1 million, respectively. Amortization of product development costs for the nine months ended September 30, 2011 and September 30, 2010 was approximately $3.0 million and $2.7 million, respectively. For the nine months ended September 30, 2011, write-off of product development costs consisted of approximately $2.3 million written off to research and development expense, approximately $272,000 written off to cost of goods sold, and approximately $100,000 written off to selling and marketing expense.

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