XML 125 R96.htm IDEA: XBRL DOCUMENT v3.20.4
Leases (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 Operating Leases  

The components of lease expense were as follows:

 

    Three Months Ended
September 30, 2020
    Nine Months Ended
September 30, 2020
 
Operating leases                
Operating lease cost   $                     312     $                     623  
Variable lease cost     -       -  
Operating lease expense     312       623  
Short-term lease rent expense     -       -  
Total rent expense   $ 312     $ 623  
 
Schedule of Maturities of Operating Leases  

As of September 30, 2020, future minimum payments for the operating leases are as follows:

 

Year Ended December 31, 2020   $ 305  
Year Ended December 31, 2021     1,030  
Year Ended December 31, 2022     778  
Year Ended December 31, 2023     805  
Year Ended December 31, 2024     805  
Thereafter     2,111  
Total     5,834  
Less present value discount     (934 )
Operating lease liabilities   $ 4,900  
 
FaceBank Group, Inc Pre-Merger [Member]      
Schedule of Operating Leases

The following summarizes quantitative information about the Company’s Florida operating lease (amounts in thousands, except lease term and discount rate):

 

    For the Three Months Ended March 31, 2020  
Operating leases        
Operating lease cost   $ 98  
Variable lease cost     73  
Operating lease expense     171  
Short-term lease rent expense     -  
Total rent expense   $ 171  

 

The following summarizes quantitative information about the Company’s operating leases (amounts in thousands, except lease term and discount rate):

 

    For the Year Ended December 31, 2019  
Operating leases        
Operating lease cost   $ 259  
Variable lease cost     56  
Operating lease expense     315  
Short-term lease rent expense     -  
Total rent expense   $ 315  

Schedule of Supplemental Cash Flow and Other Information Related to Leases
Operating cash flows from operating leases   $ 75  
Right-of-use assets exchanged for operating lease liabilities   $ 125  
Weighted-average remaining lease term – operating leases     0.4  
Weighted-average monthly discount rate – operating leases     0.8 %

 
Operating cash flows from operating leases   $ 281  
Right-of-use assets exchanged for operating lease liabilities   $ 3,719  
Weighted-average remaining lease term – operating leases     7.8  
Weighted-average discount rate – operating leases     8.0 %

Schedule of Maturities of Operating Leases    

Maturities of the Company’s operating leases, are as follows (amounts in thousands):

 

Year Ended December 31, 2020   $ 862  
Year Ended December 31, 2021     769  
Year Ended December 31, 2022     465  
Year Ended December 31, 2023     465  
Thereafter     2,326  
Total     4,887  
Less present value discount     (1,367 )
Operating lease liabilities   $ 3,520