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Investments (Tables) (FaceBank Group, Inc. Pre-Merger)
 3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2020
Sep. 30, 2020
Dec. 31, 2019
Schedule of Deconsolidation of Nexway  

The deconsolidation of Nexway resulted in a loss of approximately $11.9 million calculated as follows (in thousands):

 

Cash   $ 5,776  
Accounts receivable     9,831  
Inventory     50  
Prepaid expenses     164  
Goodwill     51,168  
Property and equipment, net     380  
Right-of-use assets     3,594  
Total assets   $ 70,963  
Less:        
Accounts payable     34,262  
Accrued expenses     15,788  
Lease liability     3,594  
Deferred income taxes     1,161  
Other liabilities     40  
Total liabilities   $ 54,845  
Non-controlling interest     2,595  
Foreign currency translation adjustment     (770 )
Loss before fair value – investment in Nexway     14,293  
Less: fair value of shares owned by the Company     2,374  
Loss on deconsolidation of Nexway   $ 11,919  
  
Schedule of Profits Interest  

The table below summarizes the Company’s profits interest since the date of the transaction (in thousands except for unit and per unit information):

 

Panda units granted     26.2  
Fair value per unit on grant date   $ 67,690  
Grant date fair value   $ 1,773  
Change in fair value of Panda interests     198  
Fair value at December 31, 2019   $ 1,971  
Change in fair value of Panda interests     148  
Fair value at September 30, 2020   $ 2,119  
  
FaceBank Group, Inc Pre-Merger [Member]      
Schedule of Fair Value of Investment

As of March 31, 2020, the fair value of the Nexway shares owned by the Company is approximately $2.4 million, calculated as follows (dollars in thousands, except per share value):

 

Price per share Euros   € 5.28  
Exchange rate     1.1032  
Price per share USD   $ 5.82  
Nexway shares held by the Company     407,550  
Fair value - investment in Nexway   $ 2,374  

    
Schedule of Deconsolidation of Nexway

The deconsolidation of Nexway resulted in a loss of approximately $11.9 million calculated as follows:

 

Cash   $ 5,776  
Accounts receivable     9,831  
Inventory     50  
Prepaid expenses     164  
Goodwill     51,168  
Property and equipment, net     380  
Right-of-use assets     3,594  
Total assets   $ 70,963  
Less:        
Accounts payable     34,262  
Accrued expenses     15,788  
Lease liability     3,594  
Deferred income taxes     1,161  
Other liabilities     40  
Total liabilities   $ 54,845  
Non-controlling interest     2,595  
Foreign currency translation adjustment     (770 )
Loss before fair value – investment in Nexway     (14,293 )
Less: fair value of shares owned by Facebank     2,374  
Loss on deconsolidation of Nexway   $ 11,919  

    
Schedule of Profits Interest

The table below summarizes the Company’s profits interest at March 31, 2020 and December 31, 2019 (in thousands except for unit and per unit information):

 

Panda units granted     26.2  
Fair value per unit on grant date   $ 67,690  
Grant date fair value   $ 1,773  
Change in fair value of Panda interests   $ 198  
Fair value at December 31, 2019   $ 1,971  
Change in fair value of Panda interests     -  
Fair value at March 31, 2020   $ 1,971  

  

The table below summarizes the Company’s profits interest at December 31, 2019 (in thousands except for unit and per unit information):

 

Panda units granted     26.2  
Fair value per unit on grant date   $ 67,690  
Grant date fair value   $ 1,773  
Change in fair value of Panda interests   $ 198  
Fair value at December 31, 2019   $ 1,971