XML 37 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Condensed Consolidated Balance Sheets (FaceBank Group, Inc. Pre-Merger) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Current assets      
Cash   $ 7,624  
Accounts receivable, net   8,904  
Total current assets   17,973  
Property and equipment, net   335  
Financial assets at fair value   1,965  
Intangible assets   116,646  
Goodwill $ 176,595 227,763  
Right-of-use assets   3,519  
Total assets   368,225  
Current liabilities      
Accounts payable   36,373  
Accrued expenses   20,402  
Notes payable, net of discount   4,090  
Notes payable - related parties   368  
Convertible notes, net of $945 and $710 discount as of March 31, 2020 and December 31, 2019, respectively   1,358  
Shares settled liability for intangible asset   1,000  
Profit share liability   1,971  
Warrant liability - subsidiary   24  
Warrant liability   24  
Derivative liability   376  
Current portion of lease liability   815  
Total current liabilities   67,442  
Deferred income taxes 28,679 30,879  
Other long-term liabilities   41  
Lease liability   2,705  
Long term borrowings   43,982  
Total liabilities   145,049  
COMMITMENTS AND CONTINGENCIES (Note 15)    
Series D Convertible Preferred stock, value   462  
Stockholders' equity:      
Common stock par value $0.0001: 400,000,000 shares authorized; 32,307,663 and 28,912,500 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively   3  
Additional paid-in capital   257,002  
Accumulated deficit   (56,123)  
Non-controlling interest   22,602  
Accumulated other comprehensive loss   (770)  
Total stockholders' equity 176,191 222,714 $ 232,550
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY   368,225  
FaceBank Group, Inc Pre-Merger [Member]      
Current assets      
Cash 81 7,624 31
Accounts receivable, net 8,904
Notes Receivable - FuboTV 10,000
Inventory 49
Prepaid expenses 130 1,396
Total current assets 10,211 17,973 31
Property and equipment, net 335 14
Deposits 24 24 3
Investment in Nexway at fair value 2,374
Financial assets at fair value 1,965 1,965
Intangible assets 111,459 116,646 136,078
Goodwill 176,595 227,763 149,975
Right-of-use assets 37 3,519
Total assets 302,665 368,225 286,101
Current liabilities      
Accounts payable 3,406 36,373 2,475
Accrued expenses 4,337 20,402 5,860
Due to related parties 305 665 398
Notes payable, net of discount 5,207 4,090 3,667
Notes payable - related parties 446 368 172
Convertible notes, net of $945 and $710 discount as of March 31, 2020 and December 31, 2019, respectively 1,962 1,358 587
Convertible notes - related parties   864
Shares settled liability for intangible asset 1,000
Shares settled liability for note payable 7,515
Profit share liability 1,971 1,971
Warrant liability - subsidiary 39 24 4,528
Warrant liability 15,987
Derivative liability 389 376
Current portion of lease liability 37 815
Total current liabilities 41,601 67,442 18,551
Deferred income taxes 28,679 30,879 35,000
Other long-term liabilities 1 41
Lease liability 2,705
Long term borrowings 55,130 43,982
Total liabilities 125,411 145,049 53,551
COMMITMENTS AND CONTINGENCIES (Note 15)
Series D Convertible Preferred stock, value 463 462
Stockholders' equity:      
Common stock par value $0.0001: 400,000,000 shares authorized; 32,307,663 and 28,912,500 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively 3 3 1
Additional paid-in capital 270,397 257,002 227,570
Accumulated deficit (111,593) (56,123) (21,763)
Non-controlling interest 17,984 22,602 26,742
Accumulated other comprehensive loss (770)
Total stockholders' equity 176,791 222,714 232,550
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY AND TEMPORARY EQUITY 302,665 368,225 286,101
FaceBank Group, Inc Pre-Merger [Member] | Series AA Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock value    
FaceBank Group, Inc Pre-Merger [Member] | Series A Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock value
FaceBank Group, Inc Pre-Merger [Member] | Series B Convertible Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock value
FaceBank Group, Inc Pre-Merger [Member] | Series C Convertible Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock value
FaceBank Group, Inc Pre-Merger [Member] | Series X Convertible Preferred Stock [Member]      
Stockholders' equity:      
Preferred stock value