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Intangible Assets (FaceBank Group, Inc. Pre-Merger)

3 Months Ended

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