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Affiliates (Tables)
3 Months Ended
Mar. 31, 2020
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]  
Schedule of assets and liabilities for the Company's unconsolidated affiliates at 100%, and at the Company's share
The table below shows the net income, assets and liabilities for the Company’s unconsolidated affiliates at 100%, and at the Company’s share ($ in thousands):

Net income/(loss), assets and liabilities of unconsolidated affiliates at 100%

Three months ended March 31,
Net income/(loss) at 100%20202019
Legacy Entities$198  $—  
AS Ajax E LLC$62  $76  
Gaea Real Estate Corp.$15  $—  
Great Ajax FS LLC(1)
$(3,450) $1,600  
Thetis Asset Management LLC$(4,877) $1,408  
March 31, 2020December 31, 2019
Assets and Liabilities at 100%AssetsLiabilitiesAssetsLiabilities
Gaea Real Estate Corp.$83,173  $772  $83,068  $768  
Great Ajax FS LLC$56,538  $35,656  $61,432  $37,142  
Thetis Asset Management LLC$7,229  $2,379  $12,277  $2,265  
AS Ajax E LLC$5,522  $ $5,747  $ 
Legacy entities$1,350  $3,125  $1,592  $3,095  

Net income/(loss), assets and liabilities of unconsolidated affiliates at the Company's share

Three months ended March 31,
Net income/(loss) at the Company's share20202019
Legacy Entities$79  $—  
AS Ajax E LLC$10  $13  
Gaea Real Estate Corp.$ $—  
Great Ajax FS LLC(1)
$(276) $128  
Thetis Asset Management LLC$(966) $279  

March 31, 2020December 31, 2019
Assets and Liabilities at the Company's shareAssetsLiabilitiesAssetsLiabilities
Gaea Real Estate Corp.$19,277  $179  $19,252  $178  
Great Ajax FS LLC$4,523  $2,852  $4,915  $2,971  
Thetis Asset Management LLC$1,431  $471  $2,431  $448  
AS Ajax E LLC$911  $—  $948  $—  
Legacy Entities$540  $1,259  $637  $1,247  

(1)Net income at the Company's share is not directly proportionate to Net income at 100% due to the timing of the Company's acquisition during the three months ended March 31, 2019