XML 45 R29.htm IDEA: XBRL DOCUMENT
v3.21.1

Acquisition (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation | The purchase price allocation is based on estimates, assumptions and third-party valuations. The aggregate purchase price and allocation was as follows (in thousands):
Purchase Price | Jack’s Flight Club
Cash paid | $ | 1,000 |
Promissory notes issued | 10,931 |
Fair Value of Put/Call Option | 183 |
| $ | 12,114 |
Allocation |
Goodwill | $ | 13,054 |
Intangible assets |
Customer relationships | 3,500 |
Trade name | 2,460 |
Non-compete agreements | 660 |
Current assets acquired, including cash of $321 | 324 |
Current liabilities assumed | (40) |
Deferred revenue | (881) |
Deferred tax liabilities | (1,391) |
Non-controlling interest | (5,572) |
| $ | 12,114 |
Schedule of Goodwill | The following table summarizes the goodwill activity for the year ended December 31, 2020 (in thousands):
Goodwill—January 1, 2020 | $ | — |
Acquisition | 13,054 |
Impairment—March 31, 2020 | (2,110) |
Goodwill—December 31, 2020 | $ | 10,944 |
Schedule of Intangible Assets | The following table represents the fair value and estimated useful lives of intangible assets (in thousands):
| Fair Value |  | Estimated Life (Years)
Customer relationships | $ | 3,500 |  |  | 5
Trade name | 2,460 |  |  | indefinite
Non-compete agreements | 660 |  |  | 4
The following table represents the activities of intangible assets for the year ended December 31, 2020 (in thousands):
| Fair Value
Intangible assets—January 1, 2020 | $ | — |
Acquisition | 6,620 |
Impairment of trade name—March 31, 2020 | (810) |
Amortization of intangible assets with definite lives | (1,276) |
Intangible assets- December 31, 2020 | $ | 4,534 |
Schedule of Expected Future Amortization Expense | Expected future amortization expense of acquired intangible assets as of December 31, 2020 is as follows (in thousands):
Years ending December 31, |
2021 | $ | 1,108 |
2022 | 875 |
2023 | 641 |
2024 | 250 |
Thereafter | 10 |
| $ | 2,884 |
Summary of Pro Forma Financial Information | The following table summarizes the pro forma financial information (in thousands):
| Year Ended December 31,
| 2020 |  | 2019
Revenues | $ | 53,722 |  |  | $ | 108,220 |
Net income (loss) | $ | (14,545) |  |  | $ | 4,536 |

X
- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration