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Acquisition (Tables) | 9 Months Ended
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Sep. 30, 2021
Business Combination and Asset Acquisition [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 summar izes the goodwill activity for the three months ended March 31, 2020 (in thousands):
Goodwill—January 1, 2020 | $ | — |
Acquisition | 13,054 |
Impairment—March 31, 2020 | (2,110) |
Goodwill—March 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 nine months ended September 30, 2021 (in thousands):
| Fair Value
Intangible assets—January 1, 2020 | $ | — |
Acquisition | 6,620 |
Impairment of trade name | (810) |
Amortization of intangible assets with definite lives | (1,276) |
Intangible assets- December 31, 2020 | 4,534 |
Amortization of intangible assets with definite lives | (284) |
Intangible assets- March 31, 2021 | 4,250 |
Amortization of intangible assets with definite lives | (275) |
Intangible assets- June 30, 2021 | 3,975 |
Amortization of intangible assets with definite lives | (275) |
Intangible assets- September 30, 2021 | $ | 3,700 |
Schedule of Expected Future Amortization Expense | Expected future amortization expense of acquired intangible assets as of September 30, 2021 is as follows (in thousands):
Years ending December 31, |
2021 remainder | $ | 274 |
2022 | 875 |
2023 | 641 |
2024 | 250 |
2025 | 10 |
| $ | 2,050 |
Summary of Pro Forma Financial Information | The following table summarizes the pro forma financial information (in thousands):
| Three Months Ended |  | Nine Months Ended
| September 30, 2020 |  | September 30, 2020
Revenues | $ | 13,787 |  |  | $ | 41,239 |
Net loss | $ | (1,226) |  |  | $ | (15,247) |

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- 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
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- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination. + References No definition available. + Details
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