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FaceBank AG and Nexway – Disposition (Tables)
 12 Months Ended
Dec. 31, 2021
Facebank Ag And Nexway Disposition  
Schedule of Deconsolidation of Nexway

     
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 Net Carrying Value of Investment and Related Gain on Sale of Investment

The following table represents the net carrying value of the Company’s investment in Facebank AG and Nexway and the related gain on sale of its investment (in thousands):

 

      
Investment in Nexway  $4,989 
Financial assets at fair value   1,965 
Goodwill   28,541 
Total assets   35,495 
Loan payable   56,140 
Net carrying amount   (20,645)
Issuance of common stock to original owners of Facebank AG   12,395 
Cash paid to former owners of Facebank AG   619 
Gain on sale of investment in Facebank AG  $(7,631)