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Intangible Assets (FaceBank Group, Inc. Pre-Merger) | 3 Months Ended
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Mar. 31, 2020
FaceBank Group, Inc Pre-Merger [Member] |
Intangible Assets | Note 6 – Intangible Assets The table below summarizes the Company’s intangible assets at March 31, 2020 (in thousands):
|  | Useful |  |  | Weighted Average |  |  | March 31, 2020 |
|  | Lives (Years) |  |  | Remaining Life (Years) |  |  | Intangible Assets |  |  | Accumulated Amortization |  |  | Net Balance |
Human animation technologies |  |  | 7 |  |  |  | 6 |  |  | $ | 123,436 |  |  |  | (29,054 | ) |  | $ | 94,382 |
Trademark and trade names |  |  | 7 |  |  |  | 6 |  |  |  | 7,746 |  |  |  | (1,826 | ) |  |  | 5,920 |
Animation and visual effects technologies |  |  | 7 |  |  |  | 6 |  |  |  | 6,016 |  |  |  | (1,418 | ) |  |  | 4,598 |
Digital asset library |  |  | 5-7 |  |  |  | 5.5 |  |  |  | 7,536 |  |  |  | (1,610 | ) |  |  | 5,926 |
Intellectual Property |  |  | 7 |  |  |  | 6 |  |  |  | 828 |  |  |  | (195 | ) |  |  | 633 |
Total |  |  |  |  |  |  |  |  |  | $ | 145,562 |  |  | $ | (34,103 | ) |  | $ | 111,459 |
Amortization expense for the three months ended March 31, 2020 and 2019 was $5.2 million in each period, respectively. The estimated future amortization expense associated with intangible assets is as follows (in thousands):
|  | Future Amortization |
2020 |  | $ | 15,652 |
2021 |  |  | 20,868 |
2022 |  |  | 20,868 |
2023 |  |  | 20,868 |
2024 |  |  | 20,795 |
Thereafter |  |  | 12,408 |
Total |  | $ | 111,459 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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