XML 44 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies and Basis of Presentation (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Summary of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents and restricted cash within the consolidated balance sheet that sum to the total of the same on the consolidated statement of cash flows:

 

    December 31,  
    2020     2019  
Cash and cash equivalents   $ 134,942     $ 7,624  
Restricted cash     1,279       -  
Total cash, cash equivalents and restricted cash   $ 136,221     $ 7,624  
Summary of Intangible Assets Estimated Useful Lives

The Company’s intangible assets represent definite lived intangible assets, which are being amortized on a straight- line basis over their estimated useful lives as follows:

 

Customer relationships   2 years
fuboTV tradename   9 years
Software and technology   9 years
Summary of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share data):

 

    December 31,  
    2020     2019  
Basic loss per share:                
Net loss   $ (599,392 )   $ (38,127 )
Less: net loss attributable to non-controlling interest     29,059       3,767  
Less: Deemed dividend - beneficial conversion feature on preferred stock     -       (9 )
Add: deemed dividend on Series D Preferred Stock     (171 )     (589 )
Net loss attributable to common stockholders     (570,504 )     (34,958 )
                 
Shares used in computation:                
Weighted-average common shares outstanding     44,492,975       22,286,060  
                 
Basic and diluted loss per share   $ (12.82 )   $ (1.57 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:

 

    December 31,  
    2020     2019  
Common stock purchase warrants     2,535,528       200,007  
Series AA convertible preferred shares     46,439,226          
Series D convertible preferred shares     -       461,839  
Stock options     20,908,862       16,667  
Convertible notes variable settlement feature     -       190,096  
Total     69,883,616       868,609