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Fair Value Measurements (Tables) | 3 Months Ended | 9 Months Ended | 12 Months Ended
--- | --- | --- | ---
Mar. 31, 2020 | Sep. 30, 2020 | Dec. 31, 2019
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis |  | The following table classifies the Company’s assets and liabilities measured at fair value on a recurring basis into the fair value hierarchy as of September 30, 2020 and December 31, 2019 (in thousands):
|  | Fair valued measured at September 30, 2020 |
|  | Quoted prices in active markets (Level 1) |  |  | Significant other observable inputs (Level 2) |  |  | Significant unobservable inputs (Level 3) |
Financial Liabilities at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |
Profits interest sold |  |  | - |  |  |  | - |  |  |  | 2,119 |
Warrant liability - Subsidiary |  |  | - |  |  |  | - |  |  |  | 21 |
Warrant liability |  |  | - |  |  |  | - |  |  |  | 28,065 |
Total Financial Liabilities at Fair Value |  | $ | - |  |  | $ | - |  |  | $ | 30,205 |
|  | December 31, 2019 |
|  | Total |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |
Financial Assets at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets at fair value |  | $ | 1,965 |  |  | $ | — |  |  | $ | 1,965 |  |  | $ | — |
Total |  | $ | 1,965 |  |  | $ | — |  |  | $ | 1,965 |  |  | $ | — |
Financial Liabilities at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Convertible notes |  | $ | 1,203 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,203 |
Profit share liability |  |  | 1,971 |  |  |  | — |  |  |  | — |  |  |  | 1,971 |
Derivative liability |  |  | 376 |  |  |  | — |  |  |  | — |  |  |  | 376 |
Warrant liability - subsidiary |  |  | 24 |  |  |  | — |  |  |  | — |  |  |  | 24 |
Total |  | $ | 3,574 |  |  | $ | — |  |  | $ | — |  |  | $ | 3,574 |
Schedule of Liability for Derivatives and Warrants |  | The following table presents changes in Level 3 liabilities measured at fair value (in thousands) for the three and nine months ended September 30, 2020. Unobservable inputs were used to determine the fair value of positions that the Company has classified within the Level 3 category.
|  | Derivative - Convertible Notes |  |  | Warrants (assumed from subsidiary) |  |  | Profits Interests Sold |  |  | Warrant Liability |  |  | Embedded Put Option |
Fair value at December 31, 2019 |  | $ | 1,203 |  |  | $ | 24 |  |  | $ | 1,971 |  |  | $ | - |  |  | $ | 376 |
Change in fair value |  |  | (206 | ) |  |  | (3 | ) |  |  | 148 |  |  |  | (9,143 | ) |  |  | (220 | )
Additions |  |  | 3,583 |  |  |  | - |  |  |  | - |  |  |  | 50,743 |  |  |  | 172 |
Redemption |  |  | (4,580 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (328 | )
Reclassification of warrant liabilities |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (13,535 | ) |  |  | - |
Fair value at September 30, 2020 |  | $ | - |  |  | $ | 21 |  |  | $ | 2,119 |  |  | $ | 28,065 |  |  | $ | - |
Schedule of Warrant Liabilities, Change in Using Black Scholes to Monte Carlo Simulation Assumptions |  | The significant assumptions used in the valuation are as follows:
|  | September 30, 2020 |
Fair value of underlying common shares |  | $ | 9.00 |
Exercise price |  | $ | 2.75 |
Expected dividend yield |  |  | — | %
Expected volatility |  |  | 50.7 | %
Risk free rate |  |  | 0.22 | %
Expected term (years) |  |  | 4.46 |
Schedule of Fair Value of Liability Using Monte Carlo Simulation Model |  | The Company used a Monte Carlo simulation model to estimate the fair value of the warrant liability at September 30, 2020:
|  | September 30, 2020 |
Fair value of underlying common shares |  | $ | 9.00 |
Exercise price |  | $ | 7.00 |
Expected dividend yield |  |  | — | %
Expected volatility |  |  | 73.6 – 74.3 | %
Risk free rate |  |  | 0.12 | %
Expected term (years) |  |  | 1.12 – 1.19 |
The Company used a Monte Carlo simulation model to estimate the fair value of the warrant liability at September 30, 2020:
|  | September 30, 2020 |
Fair value of underlying common shares |  | $ | 9.00 |
Exercise price |  | $ | 9.25 |
Expected dividend yield |  |  | — | %
Expected volatility |  |  | 69.7 – 71.2 - | %
Risk free rate |  |  | 0.12 | %
Expected term (years) |  |  | 1.39 – 1.49 |
Fubo TV Pre-Merger [Member] |  |  |
Schedule of Fair Value of Assets and Liabilities Measured on Recurring Basis |  |  | The following table sets forth the fair value of our financial assets and liabilities measured on a recurring basis by level within the fair value hierarchy:
|  | As of December 31, 2019 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of convertible note derivatives liability |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total financial liabilities |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
|  | As of December 31, 2018 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Financial Liability: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value of convertible note derivatives liability |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total financial liabilities |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Changes in Fair Value of Financial Liabilities |
Balance – January 1, 2019 |  |  | - |
Issuance of convertible note derivatives |  |  | 2,120 |
Change in fair value of Level 3 liabilities |  |  | - |
Settlement of convertible notes |  |  | (2,120 | )
Balance – March 31, 2019 |  | $ | — |
|  | The following table sets forth a summary of the changes in the fair value of our Level 3 financial liabilities:
Balance – January 1, 2018 |  | $ | 4,123 |
Issuance of convertible notes derivatives |  |  | 574 |
Change in fair value of Level 3 liabilities |  |  | 1,074 |
Settlement of convertible notes |  |  | (5,771 | )
Balance – December 31, 2018 |  |  | - |
Issuance of convertible note derivatives |  |  | 2,120 |
Change in fair value of Level 3 liabilities |  |  | - |
Settlement of convertible notes |  |  | (2,120 | )
Balance – December 31, 2019 |  | $ | — |
ARETE Wealth Management [Member] |  |  |
Schedule of Fair Value of Liability Using Monte Carlo Simulation Model |  | The significant assumptions used in the valuation are as follows:
|  | September 30, 2020 |
Fair value of underlying common shares |  | $ | 9.00 |
Exercise price |  | $ | 5.00 |
Expected dividend yield |  |  | — | %
Expected volatility |  |  | 60.0 | %
Risk free rate |  |  | 0.27 | %
Expected term (years) |  |  | 4.6 |

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- Definition Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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